XML 13 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions and Arrangements - Additional Information (Detail) (USD $)
3 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Oct. 31, 2012
Series B Preferred Units
Oct. 11, 2012
Series B Preferred Units
Dec. 31, 2012
Subsidiaries
Feb. 28, 2013
Advisory Agreement
Related Party Transaction [Line Items]                
Asset management fee payable to advisor   0.1875%            
Annualized asset management fees   0.75%            
Asset management fees   $ 240,000 $ 9,000 $ 0        
Financing coordination fees   1.00%            
Financing coordination fees   102,000            
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            
Gross offering proceeds   6.00%            
Organization and offering costs   1.00%            
Reimbursement for services provided   We will not reimburse the advisor for any services for which we will pay the advisor a separate fee.            
Advisor expense   657,000            
Advisor expense reimburse   32,000            
Contract purchase price   6.00%            
Reimburse advisor acquisition expenses   0            
Advisory agreement   1 year           1 year
Advisory agreement termination date   Apr. 07, 2013           Apr. 07, 2014
Notice period for termination of advisory agreement without penalty   60 days            
Advisory agreement effective date               Apr. 07, 2013
Dealer manager selling commissions percentage   7.00%            
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   7,000            
Gross proceeds raised in our public offering   15.00%            
Reimbursable due diligence expenses   0            
Percentage of gross revenues from the property   4.00%            
Property management and leasing fees   655,000 339,000 0        
Common stock, shares issued 25,000           300,000  
Common stock, par value $ 0.01 $ 0.01 $ 0.01       $ 10.00  
Proceeds from issuance of common stock 3,000,000 3,193,000 0 0     3,000,000  
Series B Preferred Units, limited partnership units established           400    
Series B Preferred Units, preferential cash distributions percentage         10.00%      
Series B Preferred Units, purchase price per unit base for preferential cash distributions percentage         $ 10,000      
Series B Preferred Units, limited partnership units issued           350    
Series B Preferred Units, proceeds from issuance of limited partnership units         $ 3,500,000