Real Estate Assets (Tables)

12 Months Ended

Dec. 31, 2012

Real Estate [Abstract]

Schedule of Purchase Price Allocation

The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation:

	December 31, 2011
Land	$	12,624,154
Building and improvements	15,444,792
Acquired in-place leases	3,603,396
Acquired above-market leases	99,622
Acquired below-market leases	(953,439		)
Total purchase price	$	30,818,525

The Company purchased the 2012 Acquisition with net proceeds from the Offering. The Company allocated the purchase price of the property to the fair value of the assets acquired. The following table summarizes the purchase price allocation:

	December 31, 2012
Land	$	141,433
Building and improvements	1,448,425
Acquired in-place leases	190,909
Total purchase price	$	1,780,767

Business Acquisition, Pro Forma Information

The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2012 and 2011:

	Year Ended
	December 31, 2012		December 31, 2011
Pro forma basis (unaudited):
Revenue	$	2,806,000	$	285,000
Net income (loss)	$	15,000	$	(360,000	)

The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the year endedDecember 31, 2011 and the period from July 27, 2010 (Date of Inception) to December 31, 2010:

			For the Period From
	Year Ended		July 27, 2010 to
	December 31, 2011		December 31, 2010
Pro forma basis (unaudited):
Revenue	$	2,522,000	$	1,069,000
Net income (loss)	$	319,000	$	(282,000	)