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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ 427 $ (370) $ 4
Depreciation and amortization 3,466 1,771 0
Amortization of deferred financing costs 121 15 0
Changes in assets and liabilities:      
Accounts Receivable and other assets 240 (333) 0
Accounts payable and accrued expenses 164 1,075 (1)
Other liabilities 66 38 0
Cash flow from operating activities 4,484 2,196 3
Cash flows from investing activities:      
Acquisition of real estate properties (15,781) (18,244) 0
Capital expenditures (1,148) (868) 0
(Increase) decrease in restricted cash 1 324 0
Cash flow from investing activities (16,928) (18,788) 0
Financing activities:      
Proceeds from issuance of preferred stock 100 0 0
Proceeds from issuance of common stock 3,193 0 0
Proceeds from issuance of non-controlling interests 3,500 1,250 0
Proceeds from mortgage indebtedness 10,238 17,600 0
Proceeds from repayment of short-term notes 0 0 (200)
Issuance of short-term notes 0 0 200
Proceeds from subscriptions 0 0 1,130
Subscriptions payable 0 0 (1,130)
Payments for deferred financing costs 7 (338) 0
Distributions on preferred stock (15) 0 0
Distributions on common stock (149) (5) 0
Distributions to non-controlling interests (3,004) (1,017) 0
Net cash from financing activities 13,870 17,490 0
Net change in cash and cash equivalents 1,426 898 3
Cash and cash equivalents at the beginning of the period 1,107 209 206
Cash and cash equivalents at the end of the period 2,533 1,107 209
Supplemental cash flow information:      
Cash paid for interest $ 3,271 $ 1,727 $ 0