SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company evaluates subsequent events up until the date the consolidated financial statements are issued. Status of the Offering The Company commenced the Offering on October 26, 2010. As of August 2, 2013, the Company had sold 45,238,479 shares of common stock in the Offering for gross offering proceeds of $449.8 million, including 1,338,208 shares of common stock under its dividend reinvestment plan for gross offering proceeds of $12.7 million. Also as of August 2, 2013, the Company had redeemed 212,943 of the shares sold in the Offering for $2.1 million. Distributions Paid On July 1, 2013, the Company paid distributions of $2.1 million, which related to distributions declared for daily record dates for each day in the period from June 1, 2013 through June 30, 2013. On August 1, 2013, the Company paid distributions of $2.3 million, which related to distributions declared for daily record dates for each day in the period from July 1, 2013 through July 31, 2013. Distributions Declared On July 9, 2013, the Company’s board of directors declared distributions based on daily record dates for the period from August 1, 2013 through August 31, 2013, which the Company expects to pay in September 2013. On August 5, 2013, the Company’s board of directors declared distributions based on daily record dates for the period from September 1, 2013 through September 30, 2013, which the Company expects to pay in October 2013, and distributions based on daily record dates for the period from October 1, 2013 through October 31, 2013, which the Company expects to pay in November 2013. 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 equal a daily amount that, 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.

SUBSEQUENT EVENTS

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

Status of the Offering

The Company commenced the Offering on October 26, 2010. As of August 2, 2013, the Company had sold 45,238,479 shares of common stock in the Offering for gross offering proceeds of $449.8 million, including 1,338,208 shares of common stock under its dividend reinvestment plan for gross offering proceeds of $12.7 million. Also as of August 2, 2013, the Company had redeemed 212,943 of the shares sold in the Offering for $2.1 million.

Distributions Paid

On July 1, 2013, the Company paid distributions of $2.1 million, which related to distributions declared for daily record dates for each day in the period from June 1, 2013 through June 30, 2013. On August 1, 2013, the Company paid distributions of $2.3 million, which related to distributions declared for daily record dates for each day in the period from July 1, 2013 through July 31, 2013.

Distributions Declared

On July 9, 2013, the Company’s board of directors declared distributions based on daily record dates for the period from August 1, 2013 through August 31, 2013, which the Company expects to pay in September 2013. On August 5, 2013, the Company’s board of directors declared distributions based on daily record dates for the period from September 1, 2013 through September 30, 2013, which the Company expects to pay in October 2013, and distributions based on daily record dates for the period from October 1, 2013 through October 31, 2013, which the Company expects to pay in November 2013. 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 equal a daily amount that, 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.