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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Rental revenues $ 7,195 $ 3,377 $ 17,898 $ 8,227
Tenant expense reimbursements 1,871 1,020 4,635 2,548
Total revenues 9,066 4,397 22,533 10,775
COSTS AND EXPENSES        
Property operating expenses 2,442 1,621 6,352 4,443
Depreciation and amortization 2,482 1,325 6,121 3,219
General and administrative 1,606 1,040 4,907 4,128
Acquisition costs 760 143 1,798 1,681
Total costs and expenses 7,290 4,129 19,178 13,471
OTHER INCOME (EXPENSE)        
Interest and other income (expense) 33 (9) 36 (2)
Interest expense, including amortization (1,604) (795) (3,732) (1,627)
Total other income and expenses (1,571) (804) (3,696) (1,629)
Income (loss) from continuing operations 205 (536) (341) (4,325)
Income from discontinued operations 317 268 853 790
Net income (loss) 522 (268) 512 (3,535)
Preferred stock dividends (713)   (713)  
Net and comprehensive loss available to common stockholders $ (191) $ (268) $ (201) $ (3,535)
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:        
Income (loss) from continuing operations available to common stockholders $ (0.03) $ (0.06) $ (0.08) $ (0.47)
Income from discontinued operations $ 0.02 $ 0.03 $ 0.06 $ 0.08
Net loss available to common stockholders $ (0.01) $ (0.03) $ (0.02) $ (0.39)
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 13,284,894 9,174,274 13,084,978 9,157,444
DIVIDENDS DECLARED PER COMMON SHARE $ 0.12 $ 0.10 $ 0.34 $ 0.30