Subsequent Events	6 Months Ended
Jun. 30, 2011
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS The Company evaluates subsequent events up until the date the consolidated financial statements are issued. Status of the Offering The Company commenced its Offering on October 26, 2010. As of August 5, 2011, the Company had sold 4,334,362 shares of common stock in the Offering for gross offering proceeds of $43.1 million, including 1,879 shares of common stock under the dividend reinvestment plan for gross offering proceeds of $17,850. Distributions Paid On July 15, 2011, the Company paid distributions of $36,137, which related to distributions declared for each day in the period from June 24, 2011 through June 30, 2011. Distributions Declared On July 8, 2011, the Company's board of directors declared distributions based on daily record dates for the period from August 1, 2011 through August 31, 2011, which the Company expects to pay in September 2011. On August 10, 2011, the Company's board of directors declared distributions based on daily record dates for the period from September 1, 2011 through September 30, 2011, which the Company expects to pay in October 2011, and distributions based on daily record dates for the period October 1, 2011 through October 31, 2011, which the Company expects to pay in November 2011. Investors may choose to receive cash distributions or purchase additional shares through the Company's dividend reinvestment plan. Distributions for these periods will be calculated based on stockholders of record each day during these periods at a rate of $0.00178082 per share per day and if paid each day for a 365-day period, would equal a 6.5% annualized rate based on a purchase price of $10.00 per share. Distributions for these periods will be funded from an advance from the Advisor, provided that the Company's conflicts committee may advise the Advisor to reduce the amount of the advance for any unpaid distributions to the extent of excess borrowings from future investments. The Advisor is not obligated to advance funds to the Company, and has not agreed to advance funds to the Company, for distributions for any future periods. Amended and Restated Dealer Manager Agreement On August 10, 2011, the Company entered into an amended and restated dealer manager agreement, which clarifies the Company's reimbursement obligation and the Dealer Manager's reimbursement obligation with respect to offering costs and expenses. See Part II, Item 5, “Other Information.”

SUBSEQUENT EVENTS

The Company evaluates subsequent events up until the date the consolidated financial statements are issued.

Status of the Offering

The Company commenced its Offering on October 26, 2010. As of August 5, 2011, the Company had sold 4,334,362 shares of common stock in the Offering for gross offering proceeds of $43.1 million, including 1,879 shares of common stock under the dividend reinvestment plan for gross offering proceeds of $17,850.

Distributions Paid

On July 15, 2011, the Company paid distributions of $36,137, which related to distributions declared for each day in the period from June 24, 2011 through June 30, 2011.

Distributions Declared

On July 8, 2011, the Company's board of directors declared distributions based on daily record dates for the period from August 1, 2011 through August 31, 2011, which the Company expects to pay in September 2011. On August 10, 2011, the Company's board of directors declared distributions based on daily record dates for the period from September 1, 2011 through September 30, 2011, which the Company expects to pay in October 2011, and distributions based on daily record dates for the period October 1, 2011 through October 31, 2011, which the Company expects to pay in November 2011. Investors may choose to receive cash distributions or purchase additional shares through the Company's dividend reinvestment plan.

Distributions for these periods will be calculated based on stockholders of record each day during these periods at a rate of $0.00178082 per share per day and if paid each day for a 365-day period, would equal a 6.5% annualized rate based on a purchase price of $10.00 per share. Distributions for these periods will be funded from an advance from the Advisor, provided that the Company's conflicts committee may advise the Advisor to reduce the amount of the advance for any unpaid distributions to the extent of excess borrowings from future investments. The Advisor is not obligated to advance funds to the Company, and has not agreed to advance funds to the Company, for distributions for any future periods.

Amended and Restated Dealer Manager Agreement

On August 10, 2011, the Company entered into an amended and restated dealer manager agreement, which clarifies the Company's reimbursement obligation and the Dealer Manager's reimbursement obligation with respect to offering costs and expenses. See Part II, Item 5, “Other Information.”