CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net loss	$ (3,639)	$ (685)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	4,875	351
Amortization of intangible lease assets	1,217	21
Amortization of deferred costs	530	30
Amortization of above-market lease asset	56	0
Loss on held for sale properties	452	0
Share based compensation	792	2
Changes in assets and liabilities:
Prepaid expenses and other assets	(1,087)	(48)
Accounts payable and accrued expenses	142	(115)
Deferred rent	79	687
Net cash provided by (used in) operating activities	3,417	243
Cash flows from investing activities:
Investment in real estate	(92,498)	0
Proceeds from sale of property held for sale	553	0
Net cash provided by (used in) investing activities	(91,945)	0
Cash flows from financing activities:
Proceeds from mortgage notes payable	5,500	0
Proceeds from senior secured revolving credit facility	48,793	0
Payments on senior secured revolving credit facility	(110)	0
Proceeds from issuances of preferred shares	9,000	0
Proceeds from issuances of common stock	34,935	5,237
Payments of offering costs and fees related to stock issuances	(672)	(3,912)
Payments of deferred financing costs	(1,949)	(1,016)
Advance from affiliate bridge loan	796	0
Payment of affiliate bridge loan	(796)	0
Proceeds from affiliates	(164)	278
Premium payment on interest rate cap	(13)	0
Distributions to non-controlling interest holders	(376)	0
Distributions paid	(5,785)	0
Net cash provided by (used in) financing activities	89,159	587
Net change in cash and cash equivalents	631	830
Cash and cash equivalents, beginning of period	3,148	0
Cash and cash equivalents, end of period	3,779	830
Supplemental Disclosures:
Cash paid for interest	2,301	0
Cash paid for income taxes	64	0
OP units issued to acquire real estate investments	$ 6,352	$ 0