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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 512 $ (3,535)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Straight-line rents (3,039) (1,134)
Amortization of lease intangibles 272 391
Depreciation and amortization 6,121 3,219
Depreciation related to discontinued operations 104 159
Deferred financing cost and mortgage premium amortization 401 163
Stock-based compensation 1,012 996
Changes in assets and liabilities    
Other assets (756) (596)
Accounts payable and other liabilities 2,486 883
Net cash provided by operating activities 7,113 546
CASH FLOWS FROM INVESTING ACTIVITIES    
Restricted cash (50) (1,661)
Cash paid for property acquisitions (138,928) (57,018)
Cash paid for deposits on property acquisitions (200)  
Additions to buildings and improvements (8,848) (3,840)
Net cash used in investing activities (148,026) (62,519)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 55,013  
Issuance costs on issuance of common stock (304)  
Repurchase of common stock (79)  
Issuance of preferred stock 44,551  
Issuance costs on issuance of preferred stock (260)  
Borrowings on credit facility 133,700 17,000
Payments on credit facility (123,271) (6,000)
Borrowings on term loan payable   10,050
Payments on term loan payable (20,050)  
Borrowings on mortgage loans payable 59,880  
Payments on mortgage loans payable (1,205) (616)
Payment of deferred financing costs (1,095) (125)
Payment of deferred underwriting fee   (7,000)
Dividends paid to common stockholders (3,884) (1,860)
Dividends paid to preferred stockholders (713)  
Net cash provided by financing activities 142,283 11,449
Net increase (decrease) in cash and cash equivalents 1,370 (50,524)
Cash and cash equivalents at beginning of period 3,249 57,253
Cash and cash equivalents at end of period 4,619 6,729
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 3,240 1,303
Supplemental disclosures of non-cash transactions    
Accounts payable related to capital improvements 1,208 1,224
Reconciliation of cash paid for property acquisitions    
Acquisition of properties 150,386 78,576
Assumption of mortgage loans payable (9,787) (21,540)
Mortgage premiums (300) (101)
Assumption of other assets and liabilities (1,371) 83
Net cash paid for property acquisitions $ 138,928 $ 57,018