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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental income $ 14,071 $ 3,572 $ 32,029 $ 8,946
Tenant reimbursements 3,342 493 6,513 996
Interest income from real estate loans receivable 5,826 231 9,552 231
Interest income from real estate securities 30 186 86 855
Other operating income 263 55 862 105
Total revenues 23,532 4,537 49,042 11,133
Expenses:        
Operating, maintenance, and management 6,929 2,181 15,643 5,018
Real estate taxes and insurance 2,715 497 6,459 1,541
Asset management fees to affiliate 1,226 445 2,935 1,052
Real estate acquisition fees to affiliate 857 960 2,469 1,040
Real estate acquisition fees and expenses 348 371 834 384
General and administrative expenses 649 593 2,326 2,391
Depreciation and amortization 9,259 2,872 19,761 6,083
Interest expense 1,765 495 3,458 1,691
Total expenses 23,748 8,414 53,885 19,200
Other income:        
Other interest income 5 17 49 63
Gain from extinguishment of debt 0 0 0 581
Income from unconsolidated joint venture 0 116 0 116
Gain on early payoff of real estate loan receivable 0 359 0 359
Gain on foreclosure of real estate loan receivable, net 7,543 0 7,543 0
Total other income 7,548 492 7,592 1,119
Income (loss) from continuing operations 7,332 (3,385) 2,749 (6,948)
Discontinued operations:        
(Loss) gain on sale of real estate, net 0 (2) 4,225 593
Loss from discontinued operations (72) (273) (400) (818)
Total (loss) income from discontinued operations (72) (275) 3,825 (225)
Net income (loss) 7,260 (3,660) 6,574 (7,173)
Net loss (income) attributable to noncontrolling interests 84 161 (160) 182
Net income (loss) attributable to common stockholders $ 7,344 $ (3,499) $ 6,414 $ (6,991)
Basic and diluted income (loss) per common share:        
Continuing operations $ 0.13 $ (0.09) $ 0.05 $ (0.23)
Discontinued operations $ 0.00 $ (0.01) $ 0.06 $ (0.01)
Net income (loss) per common share $ 0.13 $ (0.10) $ 0.11 $ (0.24)
Weighted-average number of common shares outstanding, basic and diluted 58,330,896 35,958,174 58,265,522 29,732,658