CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014		Dec. 31, 2013
ASSETS
Land	$ 231,733,000		$ 216,879,000
Buildings and improvements	329,221,000		312,216,000
Tenant improvements	14,087,000		13,267,000
Furniture, fixtures, and equipment	188,000		188,000
Total real estate held for investment	575,229,000		542,550,000
Accumulated depreciation	(62,656,000)		(58,978,000)
Investments in real estate, net	512,573,000		483,572,000
Cash and cash equivalents	6,344,000		8,997,000
Restricted cash	352,000		325,000
Notes receivable	13,135,000	[1]	13,139,000	[1]
Rents and other receivables, net	1,254,000		929,000
Deferred rent receivable, net	3,817,000		3,642,000
Deferred leasing costs, net	2,303,000		2,164,000
Deferred loan costs, net	1,476,000		1,597,000
Acquired lease intangible assets, net	13,174,000		13,622,000
Acquired indefinite-lived intangible	5,271,000		5,271,000
Other assets	4,588,000		2,322,000
Acquisition related deposits	1,550,000		1,510,000
Investment in unconsolidated real estate entities	5,778,000		5,687,000
Assets associated with real estate held for sale			11,898,000
Total Assets	571,615,000		554,675,000
Liabilities
Notes payable	212,918,000		192,491,000
Accounts payable, accrued expenses and other liabilities	6,345,000		6,024,000
Dividends payable	3,066,000		5,368,000
Acquired lease intangible liabilities, net	1,553,000		1,160,000
Tenant security deposits	6,960,000		6,155,000
Prepaid rents	778,000		1,448,000
Liabilities associated with real estate held for sale			260,000
Total Liabilities	231,620,000		212,906,000
Equity
Common Stock, $0.01 par value 490,000,000 authorized and 25,551,204 and 25,559,886 outstanding at March 31, 2014 and December 31, 2013, respectively	255,000		255,000
Additional paid in capital	312,131,000		311,936,000
Accumulated other comprehensive income	269,000
Accumulated deficit	(7,782,000)		(5,993,000)
Total stockholders' equity	304,873,000		306,198,000
Noncontrolling interests	35,122,000		35,571,000
Total Equity	339,995,000		341,769,000
Total Liabilities and Equity	$ 571,615,000		$ 554,675,000

[1] This is a mortgage loan secured by 32401-32803 Calle Perfecto.