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Related-Party Transactions and Arrangements Related-Party Transactions and Arrangements (Tables)
 12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
The Company recorded fees and expense reimbursements as shown in the table below for services provided by Cole Advisors and its affiliates related to the services described above during the years indicated:
 
Year Ended December 31,
 
2012
 
2011
Offering:
 
 
 
Dealer manager fees
$
33,628

 
$
3,687

Dealer manager fees reallowed by Cole Capital
$
207

 
$
—

Organization and offering expense reimbursement
$
27,970

 
$
75,000

 
Year Ended December 31,
 
2012
 
2011
Acquisitions, Operations and Performance:
 
 
 
Acquisition expense reimbursement
$
—

 
$
—

Advisory fee
$
55,046

 
$
6,033

Operating expense reimbursement
$
—

 
$
—

Performance fee
$
143,465

 
$
—