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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments in real estate:    
Investments in real estate at cost $ 154,040 $ 153,565
Accumulated depreciation (13,949) (12,283)
Investments in real estate, net 140,091 141,282
Cash and cash equivalents 2,248 2,533
Restricted cash 856 1,150
Accounts receivable and other assets 1,010 345
Intangible assets, net of accumulated amortization of $314 and $79, respectively 39 274
Deferred costs, net of accumulated amortization of $104 and $68, respectively 577 613
Total Assets 144,821 146,197
LIABILITIES AND EQUITY:    
Mortgage indebtedness 92,360 92,413
Accounts payable and accrued expenses 1,769 1,986
Accrued interest payable 31 32
Dividends payable 376 499
Other liabilities 454 416
Total Liabilities 94,990 95,346
Stockholders' equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 125 and 125 shares issued and outstanding, respectively      
Common stock, $0.01 par value; 300,000,000 shares authorized, 5,643,540 and 345,063 shares issued and outstanding, respectively 56 3
Additional paid-in capital 47,229 3,490
Retained earnings (accumulated deficit) (954) (401)
Total stockholders' equity 46,331 3,092
Non-controlling interest 3,500 47,759
Total Equity 49,831 50,851
Total Liabilities and Equity $ 144,821 $ 146,197