Related Party Transactions and Arrangements (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate [Table Text Block]

The following table details the results of such activities related to RCS (in thousands):



	Three Months Ended				Nine Months Ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
Total commissions paid to affiliated Dealer Manager	$	—	$	919	$	—	$	919

Schedule Of Offering Costs Reimbursements to Related Party [Table Text Block]

The following table details the results of such activities related to organizational and offering costs reimbursed to the Manager (amounts in thousands):



	Three Months Ended				Nine Months Ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
Offering expense reimbursements	$	59	$	—	$	109	$	—

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services

The following table details amounts incurred by the Company and contractually due to the Sponsor and the Manager and forgiven in connection with the operations related services described above (amounts in thousands):



	Three Months Ended				Three Months Ended
	September 30, 2012				September 30, 2011
	Incurred		Forgiven		Incurred		Forgiven
One-time fees:
Acquisition fees and related cost reimbursements	$	441	$	—	$	—	$	—
Financing fees and related cost reimbursements	369		—		—		—
Other expense reimbursements	45		—		—		—
On-going fees:
Base management fees	—		278		—		50
Incentive fees	—		—		—		—
Total operational fees and reimbursements	$	855	$	278	$	—	$	50



	Nine Months Ended				Nine Months Ended
	September 30, 2012				September 30, 2011
	Incurred		Forgiven		Incurred		Forgiven
One-time fees:
Acquisition fees and related cost reimbursements	$	1,703	$	—	$	—	$	—
Financing fees and related cost reimbursements	583		—		—		—
Other expense reimbursements	71		—		—		—
On-going fees:
Base management fees	—		664		—		50
Incentive fees	—		—		—		—
Total operational fees and reimbursements	$	2,357	$	664	$	—	$	50

Schedule of General and Administrative Expenses Absorbed by Affiliate [Table Text Block]

The following table details general and administrative expenses absorbed by the Sponsor during the three and nine months ended September 30, 2012 (amounts in thousands).



	Three months ended		Nine months ended
	September 30, 2012		September 30, 2012
General and administrative expenses absorbed	$	—	$	164