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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Investments in real estate:    
Investments in real estate at cost $ 190,096 $ 153,565
Accumulated depreciation (15,775) (12,283)
Investments in real estate, net 174,321 141,282
Cash and cash equivalents 3,334 2,533
Restricted cash 1,122 1,150
Accounts receivable and other assets 1,731 345
Intangible assets, net of accumulated amortization of $569 and $79, respectively 517 274
Deferred costs, net of accumulated amortization of $151 and $68, respectively 846 613
Total Assets 181,871 146,197
LIABILITIES AND EQUITY:    
Indebtedness 103,303 92,413
Accounts payable and accrued expenses 2,374 1,986
Accrued interest payable 63 32
Dividends payable 515 499
Other liabilities 708 416
Total Liabilities 106,963 95,346
Stockholders' equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 125 shares issued and outstanding, respectively   0
Common stock, $0.01 par value; 300,000,000 shares authorized, 9,652,540 and 345,063 shares issued and outstanding, respectively 96 3
Additional paid-in capital 78,112 3,490
Retained earnings (accumulated deficit) (3,300) (401)
Total stockholders' equity 74,908 3,092
Non-controlling interest   47,759
Total Equity 74,908 50,851
Total Liabilities and Equity $ 181,871 $ 146,197