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Subsequent Events - (Details) (USD $)
5 Months Ended 12 Months Ended 29 Months Ended 3 Months Ended 16 Months Ended 3 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Property
Dec. 31, 2011
Property
Dec. 31, 2012
Dec. 31, 2012
Advisors
Performance fee
Dec. 31, 2012
Minimum
Advisors
Performance fee
Dec. 31, 2012
Maximum
Advisors
Performance fee
Mar. 26, 2013
Subsequent event
Property
Mar. 26, 2013
Subsequent event
Feb. 08, 2013
Subsequent event
Mar. 26, 2013
Subsequent event
Line of credit
Subsequent Event [Line Items]                      
Business acquisition, percentage of voting interests acquired   100.00% 100.00% 100.00%       100.00% 100.00%    
Total return threshold to receive performance fee           6.00% 10.00%        
Performance fee, percent applied to total return on stockholders' capital between 6 percent and 10 percent         25.00%            
Issuance of common stock $ 200,000 $ 3,729,568 $ 10,000,000 $ 13,900,000         $ 26,000,000    
Issuance of common stock, shares                 1,659,582    
Line of credit facility, increase, additional borrowings                     1,100,000
Repayments of lines of credit 0 2,475,000 0               5,800,000
Line of credit, amount outstanding                     16,000,000
Long-term debt, weighted average interest rate                     2.80%
Line of credit, remaining borrowing capacity                     5,000,000
Number of real estate acquistions (in number of properties)   1 9         3      
Total purchase price   $ 1,780,767 $ 30,818,525 $ 1,780,767       $ 4,100,000 $ 4,100,000    
Share Price, Base Net Asset Value                   $ 15.00