CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments in real estate
Land	$ 49,546,000	$ 61,449,000
Building and improvements	115,218,000	161,703,000
Tenant improvements	9,371,000	11,846,000
Investments in real estate, gross	174,135,000	234,998,000
Accumulated depreciation	(12,009,000)	(7,992,000)
Investments in real estate, net	162,126,000	227,006,000
Cash and cash equivalents	2,346,000	1,707,000
Restricted cash	4,362,000	4,283,000
Prepaid expenses and other assets, net	1,698,000	1,187,000
Amounts due from affiliates	0	1,063,000
Tenant receivables, net	3,131,000	3,180,000
Lease intangibles, net	16,341,000	33,735,000
Assets held for sale	20,890,000	25,771,000
Deferred financing costs, net	2,063,000	3,527,000
TOTAL ASSETS	212,957,000	301,459,000
LIABILITIES
Notes payable	124,017,000	190,577,000
Accounts payable and accrued expenses	2,143,000	5,592,000
Amounts due to affiliates	442,000	755,000
Other liabilities	3,220,000	3,303,000
Liabilities related to assets held for sale	19,987,000	21,277,000
Below market lease intangibles, net	6,065,000	11,828,000
TOTAL LIABILITIES	155,874,000	233,332,000
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value; 400,000,000 shares authorized, 10,969,714 issued and outstanding at December 31, 2013, 10,893,227 issued and outstanding at December 31, 2012	110,000	109,000
Additional paid-in capital	96,261,000	95,567,000
Accumulated deficit	(43,266,000)	(30,160,000)
Total stockholders' equity	53,105,000	65,516,000
Non-controlling interests	3,978,000	2,611,000
TOTAL EQUITY	57,083,000	68,127,000
TOTAL LIABILITIES & EQUITY	$ 212,957,000	$ 301,459,000