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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments in real estate    
Land $ 170,687 $ 133,464
Buildings and improvements 156,420 116,287
Intangible assets 17,913 14,833
Total investments in properties 345,020 264,584
Accumulated depreciation and amortization (10,818) (7,063)
Net investments in properties 334,202 257,521
Cash and cash equivalents 4,705 3,249
Restricted cash 4,332 2,139
Deferred financing costs, net 1,956 770
Other assets, net 6,239 3,370
Total assets 351,434 267,049
Liabilities    
Credit facility 22,000 41,000
Term loan payable 10,050 20,050
Mortgage loans payable 97,391 38,265
Security deposits 2,268 1,772
Intangible liabilities, net 965 913
Accounts payable and other liabilities 7,382 6,038
Total liabilities 140,056 108,038
Commitments and contingencies (Note 8)      
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 13,434,889 and 9,308,670 shares issued and outstanding, respectively 133 91
Additional paid-in capital 220,374 168,039
Accumulated deficit (9,129) (9,119)
Total stockholders' equity 211,378 159,011
Total liabilities and equity $ 351,434 $ 267,049