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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Investment in real estate assets:    
Land $ 12,765,587 $ 12,624,154
Buildings and improvements, less accumulated depreciation of $439,687 and $17,214, respectively 16,633,976 15,427,578
Acquired intangible lease assets, less accumulated amortization of $246,349 and $9,620, respectively 3,702,806 3,693,398
Total investment in real estate assets, net 33,102,369 31,745,130
Investment in marketable securities 227,393 0
Total investment in real estate assets and marketable securities, net 33,329,762 31,745,130
Cash and cash equivalents 997,676 1,134,899
Restricted cash 122,000 0
Rents and tenant receivables 309,873 40,414
Prepaid expenses and other assets 104,644 1,473
Deferred financing costs, less accumulated amortization of $189,210 and $11,734, respectively 345,283 507,168
Total assets 35,209,238 33,429,084
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Line of credit 20,640,300 21,440,300
Accounts payable and accrued expenses 373,384 128,727
Escrowed investor proceeds 122,000 0
Due to affiliates 335,109 1,085,314
Acquired below market lease intangibles, less accumulated amortization of $51,089 and $2,044, respectively 902,350 951,395
Distributions payable 65,294 36,888
Deferred rental income and other liabilities 120,049 118,931
Total liabilities 22,558,486 23,761,555
Commitments and contingencies      
Redeemable common stock 3,770,340 0
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 490,000,000 shares authorized, 914,037 and 680,000 shares issued and outstanding, respectively 9,140 6,800
Capital in excess of par value 10,009,803 10,114,513
Accumulated distributions in excess of earnings (1,139,497) (453,784)
Accumulated other comprehensive income 966 0
Total stockholders’ equity 8,880,412 9,667,529
Total liabilities and stockholders’ equity $ 35,209,238 $ 33,429,084