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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS:    
Investments in real estate, net of accumulated depreciation of $9,304 and $0, respectively $ 128,124 $ 0
Cash and cash equivalents 1,107 209
Restricted cash 1,072 0
Accounts receivable and other assets 543 0
Deferred costs, net of accumulated amortization of $15 and $0, respectively 506 0
Total assets 131,352 209
LIABILITIES AND EQUITY:    
Mortgage indebtedness 82,175 0
Accounts payable and accrued expenses 1,529 2
Other liabilities 590 0
Total liabilities 84,294 2
Equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value; 300,000,000 shares authorized, 20,000 shares issued and outstanding 0 0
Additional paid-in capital 200 200
Retained earnings (accumulated deficit) (113) 5
Total stockholder's equity 87 205
Non-controlling interest 46,971 2
Total equity 47,058 207
Total liabilities and equity $ 131,352 $ 209