CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net loss	$ (2,770)	$ (16)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	2,745	0
Amortization of intangible lease assets	529	0
Amortization of deferred costs	317	0
Loss on held for sale properties	405	0
Share based compensation	320	0
Changes in assets and liabilities:
Prepaid expenses and other assets	(726)	0
Accounts payable and accrued expenses	370	16
Deferred rent	(29)	0
Net cash provided by (used in) operating activities	1,161	0
Cash flows from investing activities:
Investment in real estate	(66,798)	0
Net cash provided by (used in) investing activities	(66,798)	0
Cash flows from financing activities:
Proceeds from senior secured revolving credit facility	32,593	0
Payments on senior secured revolving credit facility	(107)	0
Proceeds from issuances of preferred shares	6,000	0
Proceeds from issuances of common stock	30,328	0
Payments of offering costs and fees related to stock issuances	(63)	(170)
Payments of deferred financing costs	(747)	(105)
Advance from affiliate bridge loan	796	0
Payment of affiliate bridge loan	(796)	0
Proceeds from affiliates	0	275
Premium payment on interest rate cap	(13)	0
Distributions to non-controlling interest holders	(179)	0
Distributions paid	(3,216)	0
Net cash provided by (used in) financing activities	64,596	0
Net change in cash and cash equivalents	(1,041)	0
Cash and cash equivalents, beginning of period	3,148	10
Cash and cash equivalents, end of period	2,107	10
Supplemental Disclosures:
Cash paid for interest	1,290	0
Cash paid for income taxes	36	0
OP units issued to acquire real estate investments	$ 6,352	$ 0