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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 2,935 $ 340
Adjustments to reconcile net income (loss) to cash flow from operating activities:    
Depreciation and amortization 2,123 1,036
Amortization of deferred financing costs and debt discounts (23) 18
Share based compensation 31  
(Gain) loss on assets (2,882)  
Changes in assets and liabilities:    
Accounts receivable and other assets (862) 61
Accounts payable and accrued expenses 1,352 (114)
Accrued interest payable (31) 0
Other liabilities 9 40
Net cash from operating activities 2,652 1,381
Cash flows from investing activities:    
Acquisition of real estate properties (58,186)  
Capital expenditures (381) (244)
(Increase) decrease in restricted cash (1,683) (26)
Net cash from investing activities (60,250) (270)
Cash flows from financing activities:    
Debt borrowings 18,767  
Proceeds from issuance of common stock 62,984 102
(Payments) reimbursements for deferred financing costs   (102)
Debt repayments (213)  
Distributions on common stock (2,639) (50)
Distributions to non-controlling interests   (866)
Net cash from financing activities 78,899 (916)
Net change in cash and cash equivalents 21,301 195
Cash and cash equivalents, beginning of period 3,334 2,533
Cash and cash equivalents, end of the period 24,635 2,728
Supplemental cash flow information:    
Cash paid for interest 1,354 873
Mortgage debt assumed $ 66,963