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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 1,274 $ 427 $ (370)
Adjustments to reconcile net income (loss) to cash flow from operating activities:      
Depreciation and amortization 4,413 3,466 1,771
Amortization of deferred financing costs 83 121 15
Share based compensation 77    
Changes in assets and liabilities:      
Accounts receivable and other assets (89) 240 (333)
Accounts payable and accrued expenses 210 132 1,075
Accrued interest payable 31 32  
Other liabilities 19 66 38
Cash flow from operating activities 6,018 4,484 2,196
Cash flows from investing activities:      
Acquisition of real estate properties (36,822) (15,781) (18,244)
Capital expenditures (1,445) (1,148) (868)
(Increase) decrease in restricted cash 28 1 324
Cash flow from investing activities (38,239) (16,928) (18,788)
Financing activities:      
Proceeds from issuance of preferred stock   100  
Proceeds from issuance of common stock 31,153 3,193  
Proceeds from issuance of non-controlling interests   3,500 1,250
Proceeds from mortgage indebtedness 10,940 10,238 17,600
Mortgage principal repayments (222)    
Redemption of preferred shares (137)    
(Payments) reimbursements for deferred financing costs (418) 7 (338)
Distributions on preferred stock (10) (15)  
Distributions on common stock (2,979) (149) (5)
Distributions to non-controlling interests (1,805) (3,004) (1,017)
Cash flow from financing activities 33,022 13,870 17,490
Net change in cash and cash equivalents 801 1,426 898
Cash and cash equivalents at the beginning of the period 2,533 1,107 209
Cash and cash equivalents at the end of the period 3,334 2,533 1,107
Supplemental cash flow information:      
Cash paid for interest 3,545 3,219 1,712
Non cash decrease in non-controlling interests from conversion of limited partnership units to shares of common stock 43,585    
Series B Preferred Units
      
Financing activities:      
Redemption of preferred shares $ (3,500)