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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Investments in real estate    
Land $ 200,286 $ 133,464
Buildings and improvements 187,250 116,287
Intangible assets 22,177 14,833
Total investments in properties 409,713 264,584
Accumulated depreciation and amortization (12,906) (7,063)
Net investments in properties 396,807 257,521
Properties held for sale, net 11,775  
Net investments in real estate 408,582 257,521
Cash and cash equivalents 4,619 3,249
Restricted cash 2,250 2,139
Deferred financing costs, net 1,944 770
Other assets, net 7,150 3,370
Total assets 424,545 267,049
Liabilities    
Credit facility 51,429 41,000
Term loan payable   20,050
Mortgage loans payable 106,897 38,265
Security deposits 2,475 1,772
Intangible liabilities, net 1,704 913
Accounts payable and other liabilities 8,004 6,038
Total liabilities 170,509 108,038
Commitments and contingencies (Note 9)      
Stockholders' equity    
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and 1,840,000 and no shares (liquidation preference of $25.00 per share) issued and outstanding, respectively 46,000  
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 216,510 168,039
Accumulated deficit (8,607) (9,119)
Total stockholders' equity 254,036 159,011
Total liabilities and equity $ 424,545 $ 267,049