Acquired Intangible Lease Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

Acquired intangible lease assets consisted of the following:

		As of December 31,
		2012		2011
Acquired in-place leases, net of accumulated amortization of $237,325 and $9,259,
	respectively (with a weighted average life of 16.9 and 18.0 years, respectively).	$	3,612,208	$	3,594,137
Acquired above market leases, net of accumulated amortization of $9,024 and $361,
	respectively (with a weighted average life of 10.4 and 11.5 years, respectively).	90,598		99,261
		$	3,702,806	$	3,693,398

Schedule of finite-lived intangible assets, future amortization expense

the estimated amortization expense relating to the intangible lease assets for each of the five succeeding fiscal years is as follows:

	Amortization
Year ending December 31,	Leases In-Place		Above Market Leases
2013	$	243,376	$	8,663
2014	$	243,376	$	8,663
2015	$	243,376	$	8,663
2016	$	243,376	$	8,663
2017	$	234,779	$	8,663