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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income $ 10,069 $ 2,798 $ 18,206 $ 5,629
Tenant reimbursements 2,240 256 3,208 540
Interest income from real estate loans receivable 2,198 0 3,726 0
Interest income from real estate securities 20 237 56 669
Other operating income 298 24 599 50
Total revenues 14,825 3,315 25,795 6,888
Expenses:        
Operating, maintenance, and management 5,094 1,518 8,828 2,898
Real estate taxes and insurance 2,296 596 3,789 1,097
Asset management fees to affiliate 966 343 1,728 628
Real estate acquisition fees to affiliate 854 80 1,612 80
Real estate acquisition fees and expenses 214 0 487 0
General and administrative expenses 875 1,211 1,696 1,856
Depreciation and amortization 6,012 1,646 10,596 3,374
Interest expense 957 567 1,693 1,195
Total expenses 17,268 5,961 30,429 11,128
Other income:        
Other interest income 14 26 45 46
(Loss) gain from extinguishment of debt 0 (16) 0 581
Total other income 14 10 45 627
Loss from continuing operations (2,429) (2,636) (4,589) (3,613)
Discontinued operations:        
Gain on sale of real estate, net 0 50 4,225 595
Loss from discontinued operations 0 (222) (323) (495)
Total (loss) from discontinued operations 0 (172) 3,902 100
Net loss (2,429) (2,808) (687) (3,513)
Net loss (income) attributable to noncontrolling interests 86 99 (244) 21
Net loss attributable to common stockholders $ (2,343) $ (2,709) $ (931) $ (3,492)
Basic and diluted (loss) income per common share:        
Continuing operations $ (0.04) $ (0.08) $ (0.08) $ (0.14)
Discontinued operations $ 0.00 $ (0.01) $ 0.06 $ 0.01
Net loss per common share $ (0.04) $ (0.09) $ (0.02) $ (0.13)
Weighted-average number of common shares outstanding, basic and diluted 58,338,103 29,197,809 58,232,276 26,586,148