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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (10) $ (3,267)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Straight-line rents (2,080) (807)
Amortization of lease intangibles 169 253
Depreciation and amortization 3,743 2,001
Deferred financing cost and mortgage premium amortization 273 100
Stock-based compensation 701 818
Changes in assets and liabilities    
Other assets (812) (1,042)
Accounts payable and other liabilities 1,271 474
Net cash provided by (used in) operating activities 3,255 (1,470)
CASH FLOWS FROM INVESTING ACTIVITIES    
Restricted cash 7 (43)
Cash paid for property acquisitions (74,278) (46,968)
Cash paid for deposits on property acquisitions (2,400) (250)
Additions to buildings and improvements (6,653) (2,155)
Net cash used in investing activities (83,324) (49,416)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 55,013  
Issuance costs on issuance of common stock (294)  
Repurchase of common stock (79)  
Borrowings on credit facility 60,000 6,000
Payments on credit facility (79,000)  
Payments on term loan payable (10,000)  
Borrowings on mortgage loans payable 59,880  
Payments on mortgage loans payable (670) (357)
Payment of deferred financing costs (1,053) (2)
Payment of deferred underwriting fee   (7,000)
Dividends paid to common stockholders (2,272) (929)
Net cash provided by (used in) financing activities 81,525 (2,288)
Net increase (decrease) in cash and cash equivalents 1,456 (53,174)
Cash and cash equivalents at beginning of period 3,249 57,253
Cash and cash equivalents at end of period 4,705 4,079
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,835 628
Supplemental disclosures of non-cash transactions    
Accounts payable related to capital improvements 1,992 416
Reconciliation of cash paid for property acquisitions    
Acquisition of properties 74,819 61,725
Assumption of mortgage loans payable    (14,768)
Assumption of other assets and liabilities (541) 11
Net cash paid for property acquisitions $ 74,278 $ 46,968