XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investments in real estate    
Land $ 133,464 $ 71,861
Buildings and improvements 116,287 56,222
Intangible assets 14,833 8,280
Total investments in properties 264,584 136,363
Accumulated depreciation and amortization (7,063) (1,502)
Net investments in properties 257,521 134,861
Cash and cash equivalents 3,249 57,253
Restricted cash 2,139 593
Deferred financing costs, net 770 796
Other assets, net 3,370 879
Total assets 267,049 194,382
Liabilities    
Credit facility 41,000 0
Term loan payable 20,050 0
Mortgage loans payable 38,265 17,676
Security deposits 1,772 899
Intangible liabilities, net 913 883
Deferred underwriting fee payable 0 7,000
Accounts payable and other liabilities 6,038 2,425
Total liabilities 108,038 28,883
Commitments and contingencies (Note 10)      
Stockholders' equity    
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and no shares issued and outstanding      
Common stock: $0.01 par value, 400,000,000 shares authorized, and 9,308,670 and 9,262,778 shares issued and outstanding, respectively 91 91
Additional paid-in capital 168,039 170,798
Accumulated deficit (9,119) (5,390)
Total stockholders' equity 159,011 165,499
Total liabilities and equity $ 267,049 $ 194,382