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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ (251,508) $ (833,111)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 447,584 2,274
Amortization of intangible lease assets and below market lease intangible, net 117,980 544
Amortization of deferred financing costs 24,536 575
Changes in assets and liabilities:    
Rents and tenant receivables (29,938) 0
Prepaid expenses 142,249 0
Accounts payable and accrued expenses 4,218 335,700
Deferred rental income 40,519 303,820
Due from affiliates 14,739 0
Due to affiliates 0 7,662
Net cash provided by (used in) operating activities 510,379 (182,536)
Cash flows from investing activities:    
Investment in real estate assets (9,651,062) (31,843,253)
Change in restricted cash 1,045,557 (1,013,507)
Net cash used in investing activities (8,605,505) (32,856,760)
Cash flows from financing activities:    
Proceeds from issuance of common stock 53,442,078 3,728,789
Offering costs on issuance of common stock (5,512,140) (239,504)
Proceeds from notes payable 4,400,000 23,000,000
Proceeds from affiliate notes payable 0 9,000,000
Repayment of note payable to affiliates (4,696,155) 0
Distributions to investors (406,063) 0
Escrowed investor proceeds (35,000) 0
Deferred financing costs paid (90,812) (273,979)
Payment of loan deposit (88,000) (150,000)
Refund of loan deposit 88,000 150,000
Net cash provided by financing activities 47,101,908 35,215,306
Net increase in cash and cash equivalents 39,006,782 2,176,010
Cash and cash equivalents, beginning of period 1,880,515 200,000
Cash and cash equivalents, end of period 40,887,297 2,376,010
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Distributions declared and unpaid 326,459 1,443
Accrued other offering costs 0 60,526
Accrued capital expenditures 0 1,015,778
Accrued deferred financing costs 0 372
Common stock issued through distribution reinvestment plan 368,015 0
Supplemental Cash Flow Disclosures:    
Interest paid $ 465,067 $ 2,971