CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities
Net loss	$ (7,794)	$ (4,059)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	9,464	3,140
Amortization of stock-based compensation	667	728
Amortization of deferred financing costs	1,034	212
Accretion of discount on senior exchangeable notes	664
Bad debt expense	545	157
Straight line rent revenue	(67)	(16)
Equity in net loss (income) of unconsolidated ventures	50	(90)
Distributions from unconsolidated ventures	0	90
Changes in operating assets and liabilities:
Rent and other receivables, net	(750)	146
Due from related party	38	(78)
Deferred leasing costs	(1,778)	(233)
Other assets, net	3,627	(472)
Accounts payable and other liabilities	1,388	1,099
Net cash provided by operating activities	7,088	624
Investing activities:
Improvements of real estate	(8,272)	(2,553)
Property acquisitions, including acquired in-place leases	(108,619)	(69,324)
Investment in mortgage financings	(5,407)	(15,142)
Repayments from mortgage financings	12,263	1,693
Distributions from unconsolidated ventures	0	12
Increase in acquisition deposits	(4,327)	(564)
Net cash used in investing activities	(114,362)	(85,878)
Financing activities:
Borrowings under revolving credit facility	144,000	31,300
Repayments of revolving credit facility	(10,000)	0
Proceeds from issuance of common stock	0	771
Deferred initial public offering costs	0	(899)
Deferred financing costs paid	(165)	(1,657)
Net cash provided by financing activities	133,835	29,515
Net increase (decrease) in cash and cash equivalents	26,561	(55,739)
Cash and cash equivalents-beginning of period	24,294	101,725
Cash and cash equivalents-end of period	50,855	45,986
Supplemental schedule of noncash investing and financing activities:
Accounts payable and accrued expenses for additions to investments in real estate	1,607	291
Cash paid for interest	$ 1,301	$ 128