CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities:
Net loss	$ (644)	$ (16)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	1,289
Amortization of intangible lease assets	230
Amortization of deferred costs	151
Loss on held for sale properties	323
Share based compensation	137	0
Changes in assets and liabilities:
Prepaid expenses and other assets	(409)
Accounts payable and accrued expenses	(50)	16
Deferred rent	(121)
Net cash provided by operating activities	906	0
Cash flows from investing activities:
Investment in real estate	(8,629)
Net cash used in investing activities	(8,629)	0
Cash flows from financing activities:
Proceeds from senior secured revolving credit facility	7,192
Payments of offering costs and fees related to stock issuances	(69)
Payments of deferred financing costs	(146)
Distributions to non-controlling interest holders	(68)
Distributions paid	(1,566)
Net cash provided by financing activities	5,343	0
Net change in cash and cash equivalents	(2,380)	0
Cash and cash equivalents, beginning of period	3,148	10
Cash and cash equivalents, end of period	768	10
Supplemental Disclosures:
Cash paid for interest	$ 535