Subsequent Events	12 Months Ended
Dec. 31, 2011
Subsequent Events [Abstract]
Subsequent Events	NOTE 10: SUBSEQUENT EVENTS *Sale of Preferred Stock* On January 4, 2012, we issued and sold 125 shares of our newly designated 12.5% Series A Cumulative Non-Voting Preferred Stock, $0.01 par value per share, which we refer to as the Series A Preferred Stock, for a purchase price of $1,000 per share, or $125,000 in the aggregate, to 125 accredited investors who are not affiliated with us. We intend to qualify and elect to be taxed as a REIT beginning with the taxable year ending December 31, 2011. One requirement we must meet to qualify as a REIT is that 100 or more persons must own our outstanding shares of capital stock during at least 335 days of a taxable year of 12 months, other than our first REIT taxable year. We expect that the sale of our Series A Preferred Stock will ensure that we can meet this requirement. In connection with our sale of the Series A Preferred Stock, our operating partnership created a series of 125 preferred units of the operating partnership designated as 12.5% Series A Preferred Units, which we refer to as the Series A Preferred Units. The Series A Preferred Units rank senior to all other equity securities issued by our operating partnership and have preferential rights with respect to distributions, liquidation and redemption. Promptly after the closing of our sale of the Series A Preferred Stock to our sponsor, we contributed the proceeds from such sale to our operating partnership in exchange for 125 Series A Preferred Units. *Declaration of Distributions* On February 15, 2012, our board of directors authorized and declared distributions on our Series A Preferred Stock for the quarterly period ending on March 31, 2012. The distributions will be payable to the holders of the Series A Preferred Stock of record at a rate of $0.34153005 per day, which is an amount that is equivalent to a 12.5% annualized distribution rate based on a share price of $1,000.00. The distributions will be aggregated and paid in cash on July 29, 2012, pursuant to the requirements of our charter. On February 15, 2012, our board of directors authorized and declared distributions on our common stock for the months of January, February and March 2012. The distributions will be payable to the holders of our common stock of record at a rate of $0.00163934 per day, which is an amount that is equivalent to a 6.0% annualized distribution rate based on a share price of $10.00. The distributions for each month will be aggregated and paid on or before the fifteenth day following the completion of each respective month. All distributions will be paid in cash or reinvested in stock for those participating in the Company's distribution reinvestment plan. *Status of Our Public Offering and Sale of Common Stock to Our Sponsor* Pursuant to the terms of our offering, which we commenced on June 10, 2011, we are required to terminate the offering and promptly return investors' subscription payments, with interest, in the event that we do not sell a minimum of $2,500,000 in shares of our common stock. On February 29, 2012, we satisfied the minimum offering amount as a result of our sale of $3,000,000 in shares of our common stock in our offering to a subsidiary of our sponsor in exchange for cash.

NOTE 10: SUBSEQUENT EVENTS

Sale of Preferred Stock

On January 4, 2012, we issued and sold 125 shares of our newly designated 12.5% Series A Cumulative Non-Voting Preferred Stock, $0.01 par value per share, which we refer to as the Series A Preferred Stock, for a purchase price of $1,000 per share, or $125,000 in the aggregate, to 125 accredited investors who are not affiliated with us. We intend to qualify and elect to be taxed as a REIT beginning with the taxable year ending December 31, 2011. One requirement we must meet to qualify as a REIT is that 100 or more persons must own our outstanding shares of capital stock during at least 335 days of a taxable year of 12 months, other than our first REIT taxable year. We expect that the sale of our Series A Preferred Stock will ensure that we can meet this requirement.

In connection with our sale of the Series A Preferred Stock, our operating partnership created a series of 125 preferred units of the operating partnership designated as 12.5% Series A Preferred Units, which we refer to as the Series A Preferred Units. The Series A Preferred Units rank senior to all other equity securities issued by our operating partnership and have preferential rights with respect to distributions, liquidation and redemption. Promptly after the closing of our sale of the Series A Preferred Stock to our sponsor, we contributed the proceeds from such sale to our operating partnership in exchange for 125 Series A Preferred Units.

Declaration of Distributions

On February 15, 2012, our board of directors authorized and declared distributions on our Series A Preferred Stock for the quarterly period ending on March 31, 2012. The distributions will be payable to the holders of the Series A Preferred Stock of record at a rate of $0.34153005 per day, which is an amount that is equivalent to a 12.5% annualized distribution rate based on a share price of $1,000.00. The distributions will be aggregated and paid in cash on July 29, 2012, pursuant to the requirements of our charter.

On February 15, 2012, our board of directors authorized and declared distributions on our common stock for the months of January, February and March 2012. The distributions will be payable to the holders of our common stock of record at a rate of $0.00163934 per day, which is an amount that is equivalent to a 6.0% annualized distribution rate based on a share price of $10.00. The distributions for each month will be aggregated and paid on or before the fifteenth day following the completion of each respective month. All distributions will be paid in cash or reinvested in stock for those participating in the Company's distribution reinvestment plan.

Status of Our Public Offering and Sale of Common Stock to Our Sponsor

Pursuant to the terms of our offering, which we commenced on June 10, 2011, we are required to terminate the offering and promptly return investors' subscription payments, with interest, in the event that we do not sell a minimum of $2,500,000 in shares of our common stock. On February 29, 2012, we satisfied the minimum offering amount as a result of our sale of $3,000,000 in shares of our common stock in our offering to a subsidiary of our sponsor in exchange for cash.