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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ 392 $ (252)
Depreciation and amortization 1,631 453
Amortization of deferred financing costs 92 1
Changes in assets and liabilities:    
Accounts receivable and other assets (64) (422)
Accounts payable and accrued expenses (155) 879
Other liabilities (21) 5
Net cash from operating activities 1,875 664
Cash flows from investing activities:    
Acquisition of real estate properties 0 (644)
Capital expenditures (592) (153)
Increase in restricted cash 89 581
Net cash from investing activities (503) (216)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock 100 0
Proceeds from issuance of common stock 2,970 0
Proceeds from issuance of non-controlling interests 0 1,250
Payments for deferred financing costs 7 (263)
Distributions on preferred stock (8) 0
Distributions on common stock (52) 0
Distributions to non-controlling interests (1,556) 0
Net cash from financing activities 1,461 987
Net change in cash and cash equivalents 2,833 1,435
Cash and cash equivalents, beginning of period 1,107 209
Cash and cash equivalents, end of the period $ 3,940 $ 1,644