Consolidated Statements of Cash Flows (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash Flows from Operating Activities:
Net loss	$ (2,380)	$ (606)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	796	0
Deferred rent	(21)	0
Amortization of above- and below-market leases, net	111	0
Write-off of closing costs related to foreclosed assets	696	0
Changes in assets and liabilities:
Rents and other receivables	5	0
Prepaid expenses and other assets	478	0
Accounts payable and accrued liabilities	(288)	247
Due to affiliates	(372)	355
Security deposits and other liabilities	4	0
Net cash used in operating activities	(971)	(4)
Cash Flows from Investing Activities:
Additions to real estate	(224)	0
Investments in real estate	(300)	0
Investments in real estate loans receivable	(20,120)	0
Principal repayments on real estate loans receivable	438	0
Net cash used in investing activities	(20,206)	0
Cash Flows from Financing Activities:
Proceeds from issuance of common stock	60,517	14,893
Payments of commissions on stock sales and related dealer manager fees	(5,213)	(1,302)
Payments of other offering costs	(1,319)	(930)
Net cash provided by financing activities	53,985	12,661
Net increase in cash and cash equivalents	32,808	12,657
Cash and cash equivalents, beginning of period	23,642	193
Cash and cash equivalents, end of period	56,450	12,850
Supplemental Disclosure of Noncash Transactions:
Investment in real estate through foreclosure	32,213	0
Liabilities assumed on foreclosed real estate	254	0
Increase in capital expenses payable	$ 18	$ 117