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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)
Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2013 and 2012 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period.
 
 
December 31, 2013
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
11,405

 
$
21,773

 
$
30,326

 
$
39,053

Acquisition related expenses
 
$
5,639

 
$
14,551

 
$
10,356

 
$
17,740

Operating (loss) income
 
$
(1,055
)
 
$
(6,051
)
 
$
552

 
$
(4,142
)
Net loss
 
$
(3,795
)
 
$
(11,669
)
 
$
(6,588
)
 
$
(10,828
)
Basic and diluted net loss per common share (1)
 
$
(0.04
)
 
$
(0.13
)
 
$
(0.07
)
 
$
(0.12
)
Distributions declared per common share
 
$
0.15

 
$
0.16

 
$
0.16

 
$
0.16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 (1) Based on the weighted average number of shares outstanding as of December 31, 2013.

 
 
December 31, 2012
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
—

 
$
648

 
$
1,847

 
$
5,342

Acquisition related expenses
 
$
—

 
$
1,949

 
$
2,611

 
$
9,811

Operating loss
 
$
(35
)
 
$
(1,866
)
 
$
(2,368
)
 
$
(7,747
)
Net loss
 
$
(35
)
 
$
(2,119
)
 
$
(2,732
)
 
$
(8,858
)
Basic and diluted net loss per common share (1)
 
$
(0.00
)
 
$
(0.25
)
 
$
(0.32
)
 
$
(1.03
)
Distributions declared per common share
 
$
—

 
$
0.16

 
$
0.16

 
$
0.16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 (1) Based on the weighted average number of shares outstanding as of December 31, 2012.