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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 2,807 $ 664
Adjustments to reconcile net income (loss) to cash flow from operating activities:    
Depreciation and amortization 5,355 2,099
Amortization of deferred financing costs and debt discounts (265) 36
Share based compensation 143  
(Gain) loss on assets (2,882)  
Changes in assets and liabilities:    
Accounts receivable and other assets (630) (665)
Accounts payable and accrued expenses 1,455 (116)
Accrued interest payable (33) 0
Other liabilities (66) 38
Net cash from operating activities 5,884 2,056
Cash flows from investing activities:    
Acquisition of real estate properties (97,913)  
Capital expenditures (1,283) (673)
(Increase) decrease in restricted cash (1,255) 294
Net cash from investing activities (100,451) (379)
Cash flows from financing activities:    
Debt borrowings 50,421  
Debt repayments (8,093) (53)
Proceeds from issuance of common stock 62,799 207
(Payments) reimbursements for deferred financing costs   (102)
Distributions on common stock (5,827) (333)
Distributions on preferred stock   (8)
Distributions to noncontrolling interests (13) (1,673)
Net cash from financing activities 99,287 (1,962)
Net change in cash and cash equivalents 4,720 (285)
Cash and cash equivalents, beginning of period 3,334 2,533
Cash and cash equivalents, end of the period 8,054 2,248
Supplemental cash flow information:    
Cash paid for interest 3,527 1,752
Non cash decrease in noncontrolling interest from conversion of common limited partnership units to share of common stock   43,532
Mortgage debt assumed $ 66,963