CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Real estate:    
Land $ 42,363 $ 29,768
Buildings and improvements 301,857 196,592
Tenant origination and absorption costs 249 1,513
Total real estate, cost 344,469 227,873
Less accumulated depreciation and amortization (13,429) (5,298)
Total real estate, net 331,040 222,575
Cash and cash equivalents 36,698 31,849
Restricted cash 4,454 2,304
Deferred financing costs, prepaid expenses and other assets 5,974 5,122
Total assets 378,166 261,850
Liabilities and stockholders' equity    
Notes payable 242,856 167,940
Accounts payable and accrued liabilities 5,040 3,499
Due to affiliates 2,670 74
Distributions payable 1,054 691
Other liabilities 725 1,068
Total liabilities 252,345 173,272
Commitments and contingencies (Note 10)      
Redeemable common stock 4,761 2,006
Stockholders' equity:    
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 19,196,501 and 12,866,456 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively 192 129
Additional paid-in capital 161,328 107,685
Cumulative distributions and net losses (40,460) (21,242)
Total stockholders' equity 121,060 86,572
Total liabilities and stockholders' equity $ 378,166 $ 261,850