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Related Party Transactions and Arrangements (Details Textual) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Related Party Transactions and Arrangements (Textual) [Abstract]    
Asset management fee payable to advisor   0.1875%
Annualized asset management fees   0.75%
Asset management fees $ 54 $ 160
Financing coordination fees   1.00%
Financing coordination fees to advisor 0 0
Sale price of asset   1.00%
Disposition fees upon sale of properties   (a) one-half of the commission that would be reasonable, customary and competitive in light of the size, type and location of the asset or (b) 1% of the sale price of the asset
Percentage of sale price of asset   6.00%
Disposition fees to advisor 0 0
Gross offering proceeds   6.00%
Organization and offering costs   1.00%
Reimbursement for services provided   (i) organization and offering costs in an amount up to 1% of gross offering proceeds, which include actual legal, accounting, printing and expenses attributable to preparing the SEC registration statement, qualification of the shares for sale in the states and filing fees incurred by the advisor, as well as reimbursements for salaries and direct expenses of its employees, including, without limitation, employee benefits, while engaged in registering the shares and other organization costs, other than selling commissions and the dealer manager fee; (ii) advertising expenses, expense reimbursements, and legal and accounting fees; (iii) the actual cost of goods and materials used by us and obtained from entities not affiliated with the advisor; (iv) administrative services (including personnel costs; provided, however, that no reimbursement shall be made for costs of personnel to the extent that such personnel perform services in transactions for which the advisor receives a separate fee); and (v) rent, leasehold improvement costs, utilities or other administrative items generally constituting our advisor’s overhead. We will not reimburse the advisor for any services for which we will pay the advisor a separate fee.
Advisor expense 79 622
Advisor expense reimburse 1 31
Contract purchase price   6.00%
Reimburse advisor acquisition expenses 0 0
Advisory agreement   1 year
Advisory agreement termination date   Apr. 07, 2013
Notice period for termination of advisory agreement without penalty   60 days
Average invested assets percentage   2.00%
Net income percentage   25.00%
Dealer manager selling commissions percentage   7.00%
Selling commissions paid to dealer manager 3 3
Dealer manager fees, percentage on gross proceeds from public offering   3.00%
Reallocation portion of dealer manager fee   1.50%
Dealer manager fees paid to dealer manager 2 2
Gross proceeds raised in our public offering   15.00%
Reimbursable due diligence expenses 0 0
Percentage of gross revenues from the property   4.00%
Property management and leasing fees $ 159 $ 476