Lightstone Value Plus REIT V (LVVP) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Behringer Harvard Opportunity REIT II, Inc.	'
Entity Central Index Key	'0001387061	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	26,019,075
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real estate	'	'
Land and improvements, net	$65,448	$73,380
Buildings and improvements, net	220,157	199,915
Real estate under development	102	838
Total real estate	285,707	274,133
Cash and cash equivalents	101,845	77,752
Restricted cash	7,501	3,491
Accounts receivable, net	2,505	3,008
Receivable from related party	0	3,269
Prepaid expenses and other assets	1,438	1,781
Investment in unconsolidated joint venture	11,858	0
Furniture, fixtures and equipment, net	8,177	6,864
Deferred financing fees, net	3,408	3,398
Lease intangibles, net	2,280	5,370
Total assets	424,719	379,066
Liabilities and Equity	'	'
Notes payable	212,117	183,308
Accounts payable	1,374	1,777
Payables to related parties	659	0
Acquired below-market leases, net	355	904
Distributions payable to noncontrolling interest	4,353	0
Accrued and other liabilities	8,771	6,544
Total liabilities	227,629	192,533
Commitments and contingencies	0	0
Equity	'	'
Preferred stock, $.0001 par value per share; 50,000,000 shares authorized, none outstanding	0	0
Convertible stock, $.0001 par value per share; 1,000 shares authorized, 1,000 outstanding	0	0
Common stock, $.0001 par value per share; 350,000,000 shares authorized, 26,019,075 and 26,060,612 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	3	3
Additional paid-in capital	232,929	233,283
Accumulated distributions and net loss	-45,727	-58,249
Accumulated other comprehensive income	357	126
Total Behringer Harvard Opportunity REIT II, Inc. equity	187,562	175,163
Noncontrolling interest	9,528	11,370
Total equity	197,090	186,533
Total liabilities and equity	$424,719	$379,066

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0
Convertible stock, par value (in dollars per share)	$0.00	$0.00
Convertible stock, shares authorized	1,000	1,000
Convertible stock, shares outstanding	1,000	1,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	26,019,075	26,060,612
Common stock, shares outstanding	26,019,075	26,060,612

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'	'	'
Rental revenue	$7,615	$5,538	$20,564	$16,221
Hotel revenue	3,982	3,073	10,994	7,980
Total revenues	11,597	8,611	31,558	24,201
Expenses	'	'	'	'
Property operating expenses	2,857	1,772	6,975	5,076
Hotel operating expenses	3,008	2,544	8,496	7,389
Interest expense, net	2,053	1,737	5,776	5,152
Real estate taxes	1,278	781	3,418	2,258
Property management fees	399	301	1,090	855
Asset management fees	990	776	2,535	2,350
General and administrative	1,225	850	2,858	2,241
Acquisition expense	996	10	4,053	739
Depreciation and amortization	3,447	2,413	10,202	8,062
Total expenses	16,253	11,184	45,403	34,122
Interest income, net	25	29	83	93
Other income	28	17	37	96
Loss from continuing operations	-4,603	-2,527	-13,725	-9,732
Income (loss) from discontinued operations, including gains on disposition	16,952	-866	31,134	5,715
Net income (loss)	12,349	-3,393	17,409	-4,017
Noncontrolling interest in continuing operations	182	136	560	606
Noncontrolling interest in discontinued operations	-1,691	156	-5,447	-357
Net (income) loss attributable to the noncontrolling interest	-1,509	292	-4,887	249
Net income (loss) attributable to the Company	10,840	-3,101	12,522	-3,768
Amounts attributable to the Company	'	'	'	'
Continuing operations	-4,421	-2,391	-13,165	-9,126
Discontinued operations	15,261	-710	25,687	5,358
Net income (loss) attributable to the Company	10,840	-3,101	12,522	-3,768
Weighted average shares outstanding:	'	'	'	'
Basic and diluted (in shares)	26,032	26,069	26,041	25,962
Net income (loss) per share	'	'	'	'
Continuing operations (in dollars per share)	($0.17)	($0.09)	($0.51)	($0.35)
Discontinued operations (in dollars per share)	$0.59	($0.03)	$0.99	$0.20
Basic and diluted income (loss) per share (in dollars per share)	$0.42	($0.12)	$0.48	($0.15)
Comprehensive income (loss):	'	'	'	'
Net income (loss)	12,349	-3,393	17,409	-4,017
Other comprehensive income (loss):	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	18	0	106	0
Unrealized loss on interest rate derivatives	0	9	0	8
Foreign currency translation gain (loss)	262	161	135	-193
Total other comprehensive income (loss)	280	170	241	-185
Comprehensive income (loss)	12,629	-3,223	17,650	-4,202
Comprehensive (income) loss attributable to noncontrolling interest	-1,513	292	-4,897	248
Comprehensive income (loss) attributable to the Company	$11,116	($2,931)	$12,753	($3,954)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (USD $)	Total	Convertible Stock	Common Stock	Additional Paid-in Capital	Accumulated Distributions and Net (Loss)	Accumulated Other Comprehensive Income (loss)	Noncontrolling Interest
In Thousands, unless otherwise specified
Balance at Dec. 31, 2011	$197,004	$0	$3	$225,968	($43,657)	$83	$14,607
Balance (in shares) at Dec. 31, 2011	'	1	25,267	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income (loss)	-4,017	'	'	'	-3,768	'	-249
Issuance of common stock, net	8,346	'	'	8,346	'	'	'
Issuance of common stock, net (in shares)	'	'	910	'	'	'	'
Redemption of common stock	-990	'	'	-990	'	'	'
Redemption of common stock (in shares)	'	'	-111	'	'	'	'
Distributions declared on common stock	-16,257	'	'	'	-16,257	'	'
Contributions from noncontrolling interest	1,543	'	'	'	'	'	1,543
Distributions to noncontrolling interest	-7,157	'	'	'	'	'	-7,157
Other comprehensive income (loss):	'	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	0	'	'	'	'	'	'
Unrealized losses on interest rate derivatives	8	'	'	'	'	7	1
Foreign currency translation loss	-193	'	'	'	'	-193	'
Balance at Sep. 30, 2012	178,287	0	3	233,324	-63,682	-103	8,745
Balance (in shares) at Sep. 30, 2012	'	1	26,066	'	'	'	'
Balance at Dec. 31, 2012	186,533	0	3	233,283	-58,249	126	11,370
Balance (in shares) at Dec. 31, 2012	'	1	26,060	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income (loss)	17,409	'	'	'	12,522	'	4,887
Redemption of common stock	-354	'	'	-354	'	'	'
Redemption of common stock (in shares)	'	'	-41	'	'	'	'
Contributions from noncontrolling interest	4,655	'	'	'	'	'	4,655
Distributions to noncontrolling interest	-11,394	'	'	'	'	'	-11,394
Other comprehensive income (loss):	'	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	106	'	'	'	'	96	10
Unrealized losses on interest rate derivatives	0	'	'	'	'	'	'
Foreign currency translation loss	135	'	'	'	'	135	'
Balance at Sep. 30, 2013	$197,090	$0	$3	$232,929	($45,727)	$357	$9,528
Balance (in shares) at Sep. 30, 2013	'	1	26,019	'	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income (loss)	$17,409	($4,017)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:	'	'
Depreciation and amortization	12,828	12,262
Amortization of deferred financing fees	725	800
Gain on sale of discontinued operations	-31,520	-9,264
Loss on early extinguishment of debt	260	1,236
Loss on derivatives	76	0
Change in operating assets and liabilities:	'	'
Accounts receivable	-361	-932
Prepaid expenses and other assets	214	-261
Accounts payable	-364	1,024
Accrued and other liabilities	1,533	3,428
Payables to related parties	96	104
Addition of lease intangibles	-602	-336
Cash provided by operating activities	294	4,044
Cash flows from investing activities:	'	'
Acquisition deposits	250	0
Purchases of real estate	-74,685	-11,039
Investment in unconsolidated joint venture	-14,302	0
Return of investment in unconsolidated joint ventures	2,444	0
Proceeds from sale of discontinued operations	83,470	38,684
Additions of property and equipment	-6,159	-11,701
Change in restricted cash	-2,026	-332
Cash provided by (used in) investing activities	-11,008	15,612
Cash flows from financing activities:	'	'
Financing costs	-1,228	-1,015
Proceeds from notes payable	47,653	7,401
Payments on notes payable	-12,611	-29,761
Purchase of interest rate derivatives	-133	0
Issuance of common stock	0	6,142
Redemptions of common stock	-354	-990
Offering costs receivable from (payable to) related party	3,832	-553
Distributions	0	-14,536
Contributions from noncontrolling interest holders	4,655	1,543
Distributions to noncontrolling interest holders	-7,041	-7,157
Cash provided by (used in) financing activities	34,773	-38,926
Effect of exchange rate changes on cash and cash equivalents	34	56
Net change in cash and cash equivalents	24,093	-19,214
Cash and cash equivalents at beginning of period	77,752	80,130
Cash and cash equivalents at end of period	$101,845	$60,916

Business_and_Organization

Business and Organization	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Business and Organization	'
	Business and Organization
	Business
	Behringer Harvard Opportunity REIT II, Inc. (which may be referred to as the “Company,” “we,” “us,” or “our”) was organized as a Maryland corporation on January 9, 2007 and has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for federal income tax purposes.
	We acquire and operate commercial real estate and real estate-related assets.  In particular, we focus generally on acquiring commercial properties with significant possibilities for capital appreciation, such as those requiring development, redevelopment, or repositioning, those located in markets and submarkets with high growth potential, and those available from sellers who are distressed or face time-sensitive deadlines.  In addition, our opportunistic investment strategy also includes investments in real estate-related assets that present opportunities for higher current income.  Such investments may have capital gain characteristics, whether as a result of a discount purchase or related equity participations.  We may acquire a wide variety of commercial properties, including office, industrial, retail, hospitality, recreation and leisure, single-tenant, multifamily, and other real properties.  These properties may be existing, income-producing properties, newly constructed properties, or properties under development or construction.  They may include multifamily properties purchased for conversion into condominiums and single-tenant properties that may be converted for multi-tenant use.  We may invest in real estate-related securities, including securities issued by other real estate companies, either for investment or in change of control transactions completed on a negotiated basis or otherwise.  Further, we also may originate or invest in collateralized mortgage-backed securities and mortgage, bridge or mezzanine loans, or in entities that make investments similar to the foregoing.  We expect to make our investments in or in respect of real estate assets located in the United States and other countries based on our view of existing market conditions.  As of September 30, 2013, we had 13 real estate investments, 12 of which were consolidated into our condensed consolidated financial statements.
	Substantially all of our business is conducted through Behringer Harvard Opportunity OP II LP, a limited partnership organized in Delaware (“Behringer Harvard Opportunity OP II”).  As of September 30, 2013, our wholly-owned subsidiary, BHO II, Inc., a Delaware corporation, was the sole general partner of Behringer Harvard Opportunity OP II and owned a 0.1% partnership interest in Behringer Harvard Opportunity OP II.  As of September 30, 2013, our wholly-owned subsidiary, BHO Business Trust II, a Maryland business trust, was the sole limited partner of Behringer Harvard Opportunity OP II and owned the remaining 99.9% interest in Behringer Harvard Opportunity OP II.
	We are externally managed and advised by Behringer Harvard Opportunity Advisors II, LLC (the "Advisor").  The Advisor is responsible for managing our day-to-day affairs and for identifying and making acquisitions and investments on our behalf.
	Organization
	In connection with our initial capitalization, on January 19, 2007, we issued 22,471 shares of our common stock and 1,000 shares of our convertible stock to Behringer Harvard Holdings.  Behringer Harvard Holdings transferred its shares of convertible stock to the Advisor on April 2, 2010.
	As of September 30, 2013, we had issued 26.7 million shares of our common stock, including 22,471 shares owned by Behringer Harvard Holdings and 2.2 million shares issued through the distribution reinvestment plan (the “DRP”).  As of September 30, 2013, we had redeemed 0.7 million shares of our common stock and had 26.0 million shares of common stock outstanding.  As of September 30, 2013, we had 1,000 shares of convertible stock issued and outstanding to the Advisor.
	Our common stock is not currently listed on a national securities exchange.  The timing of a liquidity event will depend upon then prevailing market conditions. We currently intend to consider the process of disposing assets, liquidating, and distributing the net proceeds to our stockholders no later than three to six years after the termination of our initial public offering of common stock which occurred on July 3, 2011.  Economic or market conditions may, however, result in different holding periods for different assets. If we do not begin an orderly liquidation, we may seek to have our shares listed on a national securities exchange or seek alternative liquidation opportunities.

Interim_Unaudited_Financial_In

Interim Unaudited Financial Information	9 Months Ended
	Sep. 30, 2013
Interim Unaudited Financial Information	'
Interim Unaudited Financial Information	'
	Interim Unaudited Financial Information
	The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the SEC on March 28, 2013.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted in this report on Form 10-Q pursuant to the rules and regulations of the SEC.
	The results for the interim periods shown in this report are not necessarily indicative of future financial results.  The accompanying condensed consolidated balance sheet as of September 30, 2013, the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2013 and 2012 and condensed consolidated statements of equity and cash flows for the nine months ended September 30, 2013 and 2012 have not been audited by our independent registered public accounting firm.  In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments necessary to fairly present our condensed consolidated financial position as of September 30, 2013 and December 31, 2012 and our condensed consolidated results of operations and cash flows for the periods ended September 30, 2013 and 2012.  Such adjustments are of a normal recurring nature.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Described below are certain of our significant accounting policies.  The disclosures regarding several of the policies have been condensed or omitted in accordance with interim reporting regulations specified by Form 10-Q.  Please see our Annual Report on Form 10-K for a complete listing of all of our significant accounting policies.
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  These estimates include such items as purchase price allocation for real estate acquisitions, impairment of long-lived assets, depreciation and amortization, and allowance for doubtful accounts.  Actual results could differ from those estimates.
	Principles of Consolidation and Basis of Presentation
	Our consolidated financial statements include our accounts and the accounts of other subsidiaries over which we have control.  All inter-company transactions, balances, and profits have been eliminated in consolidation.  Interests in entities acquired will be evaluated based on applicable GAAP, which includes the requirement to consolidate entities deemed to be variable interest entities (“VIE”) in which we are the primary beneficiary.  If the interest in the entity is determined not to be a VIE, then the entity will be evaluated for consolidation based on legal form, economic substance, and the extent to which we have control and/or substantive participating rights under the respective ownership agreement.  For entities in which we have less than a controlling interest or entities which we are not deemed to be the primary beneficiary, we account for the investment using the equity method of accounting.
	There are judgments and estimates involved in determining if an entity in which we have made an investment is a VIE and, if so, whether we are the primary beneficiary.  The entity is evaluated to determine if it is a VIE by, among other things, calculating the percentage of equity being risked compared to the total equity of the entity.  Determining expected future losses involves assumptions of various possibilities of the results of future operations of the entity, assigning a probability to each possibility and using a discount rate to determine the net present value of those future losses.  A change in the judgments, assumptions, and estimates outlined above could result in consolidating an entity that should not be consolidated or accounting for an investment using the equity method that should in fact be consolidated, the effects of which could be material to our financial statements.
	In the Notes to Condensed Consolidated Financial Statements, all dollar and share amounts in tabulation are in thousands of dollars and shares, respectively, unless otherwise noted.
	Real Estate
	Upon the acquisition of real estate properties, we recognize the assets acquired, the liabilities assumed and any noncontrolling interest as of the acquisition date, measured at their fair values.  The acquisition date is the date on which we obtain control of the real estate property.  The assets acquired and liabilities assumed may consist of land, inclusive of associated rights, buildings, assumed debt, identified intangible assets and liabilities and asset retirement obligations. Identified intangible assets generally consist of above-market leases, in-place leases, in-place tenant improvements, in-place leasing commissions and tenant relationships.  Identified intangible liabilities generally consist of below-market leases. Goodwill is recognized as of the acquisition date and measured as the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree over the fair value of the identifiable net assets acquired.  Likewise, a bargain purchase gain is recognized in current earnings when the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree is less than the fair value of the identifiable net assets acquired.  Acquisition-related costs are expensed in the period incurred.  Initial valuations are subject to change until our information is finalized, which is no later than twelve months from the acquisition date.
	The fair value of the tangible assets acquired, consisting of land and buildings, is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and buildings.  Land values are derived from appraisals, and building values are calculated as replacement cost less depreciation or management’s estimates of the fair value of these assets using discounted cash flow analyses or similar methods believed to be used by market participants.  The value of buildings is depreciated over the estimated useful life of 25 years using the straight-line method.
	We determine the fair value of assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that management believes we could obtain at the date of the debt assumption.  Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan using the effective interest method.
	We determine the value of above-market and below-market leases for acquired properties based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) management’s estimate of current market lease rates for the corresponding in-place leases, measured over a period equal to (a) the remaining non-cancelable lease term for above-market leases, or (b) the remaining non-cancelable lease term plus any below-market fixed rate renewal options that, based on a qualitative assessment of several factors, including the financial condition of the lessee, the business conditions in the industry in which the lessee operates, the economic conditions in the area in which the property is located, and the ability of the lessee to sublease the property during the renewal term, are reasonably assured to be exercised by the lessee for below-market leases.  We record the fair value of above-market and below-market leases as intangible assets or intangible liabilities, respectively, and amortize them as an adjustment to rental income over the determined lease term.
	The total value of identified real estate intangible assets acquired is further allocated to in-place leases, in-place tenant improvements, in-place leasing commissions and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant.  The aggregate value for tenant improvements and leasing commissions is based on estimates of these costs incurred at inception of the acquired leases, amortized through the date of acquisition.  The aggregate value of in-place leases acquired and tenant relationships is determined by applying a fair value model.  The estimates of fair value of in-place leases include an estimate of carrying costs during the expected lease-up periods for the respective spaces considering current market conditions.  In estimating the carrying costs that would have otherwise been incurred had the leases not been in place, we include such items as real estate taxes, insurance and other operating expenses as well as lost rental revenue during the expected lease-up period based on current market conditions.  The estimates of the fair value of tenant relationships also include costs to execute similar leases including leasing commissions, legal fees and tenant improvements as well as an estimate of the likelihood of renewal as determined by management on a tenant-by-tenant basis.
	We amortize the value of in-place leases, in-place tenant improvements and in-place leasing commissions to expense over the initial term of the respective leases.  The tenant relationship values are amortized to expense over the initial term and any anticipated renewal periods, but in no event does the amortization period for intangible assets or liabilities exceed the remaining depreciable life of the building.  Should a tenant terminate its lease, the unamortized portion of the acquired lease intangibles related to that tenant would be charged to expense.
	Anticipated amortization expense associated with the acquired lease intangibles for each of the following five years as of September 30, 2013 is as follows:
	Year	Lease / Other
		Intangibles
	October 1, 2013 - December 31, 2013	$	544
	2014	552
	2015	194
	2016	157
	2017	86
	Accumulated depreciation and amortization related to our consolidated investments in real estate assets and intangibles were as follows:
			Buildings and			Land and			Lease			Acquired
												Below-Market
	September 30, 2013		Improvements			Improvements			Intangibles			Leases
	Cost		$	239,831		$	66,705		$	8,089		$	(805	)
	Less: depreciation and amortization		(19,674		)	(1,257		)	(5,809		)	450
	Net		$	220,157		$	65,448		$	2,280		$	(355	)
			Buildings and			Land and			Lease			Acquired
												Below-Market
	December 31, 2012		Improvements			Improvements			Intangibles			Leases
	Cost		$	217,343		$	75,873		$	14,041		$	(2,196	)
	Less: depreciation and amortization		(17,428		)	(2,493		)	(8,671		)	1,292
	Net		$	199,915		$	73,380		$	5,370		$	(904	)
	Real Estate Held for Sale
	We classify properties as held for sale when certain criteria are met, in accordance with GAAP.  At that time we present the assets and obligations of the property held for sale separately in our consolidated balance sheet and we cease recording depreciation and amortization expense related to that property.  Properties held for sale are reported at the lower of their carrying amount or their estimated fair value, less estimated costs to sell.  We had no property classified as held for sale at September 30, 2013 and December 31, 2012.
	Investment Impairment
	For all of our real estate and real estate related investments, we monitor events and changes in circumstances indicating that the carrying amounts of the real estate assets may not be recoverable.  Examples of the types of events and circumstances that would cause management to assess our assets for potential impairment include, but are not limited to:  a significant decrease in the market price of an asset; a significant adverse change in the manner in which the asset is being used; an accumulation of costs in excess of the acquisition basis plus construction of the property; major vacancies and the resulting loss of revenues; natural disasters; a change in the projected holding period; legitimate purchase offers and changes in the global and local markets or economic conditions.  Our assets may at times be concentrated in limited geographic locations and, to the extent that our portfolio is concentrated in limited geographic locations, downturns specifically related to such regions may result in tenants defaulting on their lease obligations at a portion of our properties within a short time period, which may result in asset impairments.  When such events or changes in circumstances are present, we assess potential impairment by comparing estimated future undiscounted operating cash flows expected to be generated over the life of the asset and from its eventual disposition to the carrying amount of the asset.  In the event that the carrying amount exceeds the estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the asset to estimated fair value.  We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist.  While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as market rents, economic conditions, and occupancy rates could significantly affect these estimates.
	In evaluating our investments for impairment, management may use appraisals and make estimates and assumptions, including, but not limited to, the projected date of disposition of the properties, the estimated future cash flows of the properties during our ownership, and the projected sales price of each of the properties.  A future change in these estimates and assumptions could result in understating or overstating the carrying value of our investments, which could be material to our financial statements.
	We also evaluate our investments in unconsolidated joint ventures at each reporting date.  If we believe there is an other than temporary decline in market value, we will record an impairment charge based on these evaluations.  We assess potential impairment by comparing our portion of estimated future undiscounted operating cash flows expected to be generated by the joint venture over the life of the joint venture’s assets to the carrying amount of the joint venture.  In the event that the carrying amount exceeds our portion of estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the joint venture to its estimated fair value.
	We believe the carrying value of our operating real estate is currently recoverable.  Accordingly, there were no impairment charges for the three and nine months ended September 30, 2013 or 2012.  However, if market conditions worsen beyond our current expectations, or if changes in our strategy significantly affect any key assumptions used in our fair value calculations, we may need to take charges in future periods for impairments related to our existing investments.  Any such non-cash charges would have an adverse effect on our consolidated financial position and results of operations.
	Investment in Unconsolidated Joint Venture
	We provide funding to third party developers for the acquisition, development and construction of real estate (“ADC Arrangement”).  Under the ADC Arrangement, we may participate in the residual profits of the project through the sale or refinancing of the property.  We evaluate this arrangement to determine if they have characteristics similar to a loan or if the characteristics are more similar to a joint venture or partnership such as participating in the risks and rewards of the project as an owner or an investment partner.  When we determine that the characteristics are more similar to a jointly-owned investment or partnership, we account for the arrangement as an investment in an unconsolidated joint venture under the equity method of accounting (Note 8) or a direct investment (consolidated basis of accounting) instead of applying loan accounting.  The ADC Arrangement is periodically reassessed.
	Revenue Recognition
	We recognize rental income generated from leases of real estate assets on a straight-line basis over the terms of the respective leases, including the effect of rent holidays, if any.  Straight-line rental revenue of $0.1 million and $0.4 million was recognized in rental revenues for the three and nine months ended September 30, 2013, respectively, and includes amounts recognized in discontinued operations.  Straight-line rental revenue of $0.1 million and $0.2 million was recognized in rental revenues for the three and nine months ended September 30, 2012, respectively, and includes amounts recognized in discontinued operations.   Net below market lease amortization of less than $0.1 million was recognized in rental revenues for the three and nine months ended September 30, 2013.  Net below market lease amortization of less than $0.1 million and $0.1 million was recognized in rental revenues for the three and nine months ended September 30, 2012, respectively, and includes amounts recognized in discontinued operations.
	Hotel revenue is derived from the operations of the Courtyard Kauai at Coconut Beach Hotel, consisting of guest room, food and beverage, and other revenue, and is recognized as the services are rendered.
	Accounts Receivable
	Accounts receivable primarily consist of receivables related to our consolidated properties of $2.5 million which includes straight-line rental revenue receivables of $1.0 million as of September 30, 2013.  Accounts receivable primarily consisted of receivables related to our consolidated properties of $2.8 million which includes straight-line rental revenue receivables of $1.2 million as of December 31, 2012.
	Furniture, Fixtures, and Equipment
	Furniture, fixtures, and equipment are recorded at cost and are depreciated according to the Company’s capitalization policy which uses the straight-line method over their estimated useful lives of five to seven years.  Maintenance and repairs are charged to operations as incurred.  Accumulated depreciation associated with our furniture, fixtures, and equipment was $3.6 million and $2.3 million as of September 30, 2013 and December 31, 2012, respectively.
	Deferred Financing Fees
	Deferred financing fees are recorded at cost and are amortized to interest expense of our notes payable using a straight-line method that approximates the effective interest method over the life of the related debt.  Accumulated amortization of deferred financing fees was $1.5 million and $1.4 million as of September 30, 2013 and December 31, 2012, respectively.
	Income Taxes
	We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and have qualified as a REIT since the year ended December 31, 2008.  To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement that we distribute at least 90% of our REIT taxable income to our stockholders.  As a REIT, we generally will not be subject to federal income tax at the corporate level.  We are organized and operate in such a manner as to qualify for taxation as a REIT under the Code and intend to continue to operate in such a manner, but no assurance can be given that we will operate in a manner so as to qualify or remain qualified as a REIT. Taxable income from non-REIT activities managed through a taxable REIT subsidiary ("TRS") is subject to applicable federal, state, and local income and margin taxes. We have no taxable income associated with a TRS. Our operating partnerships are flow-through entities and are not subject to federal income taxes at the entity level.
	We have reviewed our tax positions under GAAP guidance that clarifies the relevant criteria and approach for the recognition and measurement of uncertain tax positions.  The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return.  A tax position may only be recognized in the financial statements if it is more likely than not that the tax position will be sustained upon examination.  We believe it is more likely than not that the tax positions taken relative to our status as a REIT will be sustained in any tax examination.
	Foreign Currency Translation
	For our international investment where the functional currency is other than the U.S. dollar, assets and liabilities are translated using period-end exchange rates, while the statement of operations amounts are translated using the average exchange rates for the respective period.  Gains and losses resulting from the change in exchange rates from period to period are reported separately as a component of other comprehensive income (loss) (“OCI”).  Gains and losses resulting from foreign currency transactions are included in the condensed consolidated statements of operations and comprehensive income (loss).
	The Euro is the functional currency for the operations of Holstenplatz and Alte Jakobstraße.  We also maintain a Euro-denominated bank account that is translated into U.S. dollars at the current exchange rate at each reporting period.  For the three and nine months ended September 30, 2013, the foreign currency translation adjustment was a gain of $0.3 million and $0.1 million, respectively.  For the three and nine months ended September 30, 2012, the foreign currency translation adjustment was a gain of $0.2 million and a loss $0.2 million, respectively.
	Concentration of Credit Risk
	At September 30, 2013 and December 31, 2012, we had cash and cash equivalents deposited in certain financial institutions in excess of federally insured levels.  We have diversified our cash and cash equivalents among several banking institutions in an attempt to minimize exposure to any one of these entities.  We regularly monitor the financial stability of these financial institutions and believe that we are not exposed to any significant credit risk in cash and cash equivalents or restricted cash.
	Noncontrolling Interest
Noncontrolling interest represents the noncontrolling ownership interest’s proportionate share of the equity in our consolidated real estate investments.  Income and losses are allocated to noncontrolling interest holders based generally on their ownership percentage.  In certain instances, our joint venture agreement provides for liquidating distributions based on achieving certain return metrics (“promoted interest”).  If a property reaches a defined return threshold, then it will result in distributions to noncontrolling interest which is different from the standard pro-rata allocation percentage.
Earnings per Share
Net income (loss) per share is calculated based on the weighted average number of common shares outstanding during each period.  The weighted average shares outstanding used to calculate both basic and diluted income (loss) per share were the same for each of the three and nine months ended September 30, 2013 and 2012, as there were no potentially dilutive securities outstanding.
Reclassification
To conform to the current year presentation, which presents hotel operating expense as a separate component of property operating expense on our condensed consolidated statements of operations and comprehensive income, we reclassified $2.5 million and $7.4 million from property operating expense to hotel operating expense for the three and nine months ended September 30, 2012, respectively.
Subsequent Events
We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements and noted no subsequent events that would require adjustment to the condensed consolidated financial statements or additional disclosure other than the one disclosed herein.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02 (“ASU 2013-02”), Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.  The update clarifies how to report the effect of significant reclassifications out of accumulated other comprehensive income.  ASU 2013-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012 and is to be applied prospectively.  Our adoption of this ASU did not materially change the presentation of our consolidated condensed financial statements.
	In February 2013, the FASB issued updated guidance for the measurement and disclosure of obligations. The guidance requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance in the update also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. This guidance is effective for the first interim or annual period beginning on or after December 15, 2013. The adoption of this guidance is not expected to have a material impact on our financial statements or disclosures.

Assets_and_Liabilities_Measure

Assets and Liabilities Measured at Fair Value	9 Months Ended
	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]	'
Assets and Liabilities Measured at Fair Value	'
	Assets and Liabilities Measured at Fair Value
	Fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability.  As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy) has been established.
	Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets and liabilities that we have the ability to access.  Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals.  Level 3 inputs are unobservable inputs for the asset or liability that are typically based on an entity’s own assumptions, as there is little, if any, related market activity.  In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.  Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.
	Recurring Fair Value Measurements
	Currently, we use interest rate swaps and caps to manage our interest rate risk.  The valuation of these instruments is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative.  This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, implied volatilities, and foreign currency exchange rates.
	We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.  Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by itself and its counterparties.  However, as of September 30, 2013, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives.  As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.
	The following fair value hierarchy table presents information about our assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012.
	September 30, 2013	Level 1		Level 2		Level 3		Total
	Assets
	Derivative financial instruments	$	—	$	175	$	—	$	175
	December 31, 2012	Level 1		Level 2		Level 3		Total
	Assets
	Derivative financial instruments	$	—	$	13	$	—	$	13
	Derivative financial instruments classified as assets are included in prepaid expenses and other assets on the balance sheet.

Financial_Instruments_not_Repo

Financial Instruments not Reported at Fair Value	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Financial Instruments not Reported at Fair Value	'
	Financial Instruments not Reported at Fair Value
	We determined the following disclosure of estimated fair values using available market information and appropriate valuation methodologies.  However, considerable judgment is necessary to interpret market data and develop the related estimates of fair value.  The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.
	As of September 30, 2013 and December 31, 2012, management estimated that the carrying value of cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses and other assets, accounts payable, accrued expenses, other liabilities and payables/receivables from related parties were at amounts that reasonably approximated their fair value based on their highly-liquid nature and/or short-term maturities.  The notes payable of $212.1 million and $183.3 million as of September 30, 2013 and December 31, 2012, respectively, have a fair value of approximately $207.5 million and $179.4 million as of September 30, 2013 and December 31, 2012, respectively, based upon interest rates for debt with similar terms and remaining maturities that management believes we could obtain.  The fair value of the notes payable is categorized as a Level 2 basis.  The fair value is estimated using a discounted cash flow analysis valuation on the borrowing rates currently available for loans with similar terms and maturities.  The fair value of the notes payable was determined by discounting the future contractual interest and principal payments by a market rate.  Disclosure about fair value of financial instruments is based on pertinent information available to management as of September 30, 2013 and December 31, 2012.

Real_Estate_and_Real_EstateRel

Real Estate and Real Estate-Related Investments	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Real Estate and Real Estate-Related Investments	'
	Real Estate and Real Estate-Related Investments
	As of September 30, 2013, we consolidated 12 real estate investments on our condensed consolidated balance sheet.  The following table presents certain information about our consolidated investments as of September 30, 2013:
	Property Name	Location	Date Acquired	Ownership
				Interest
	1875 Lawrence	Denver, CO	October 28, 2008	100	%
	Holstenplatz	Hamburg, Germany	June 30, 2010	100	%
	Gardens Medical Pavilion (1)	South Florida	October 20, 2010	79.8	%
	Courtyard Kauai Coconut Beach Hotel	Kauai, Hawaii	October 20, 2010	80	%
	River Club and the Townhomes at River Club	Athens, Georiga	April 25, 2011	85	%
	Babcock Self Storage	San Antonio, Texas	August 30, 2011	85	%
	Lakes of Margate	Margate, Florida	October 19, 2011	92.5	%
	Arbors Harbor Town	Memphis, Tennessee	December 20, 2011	94	%
	Alte Jakobstraße	Berlin, Germany	April 5, 2012	99.7	%
	Wimberly at Deerwood ("Wimberly")	Jacksonville, Florida	February 19, 2013	95	%
	22 Exchange	Akron, Ohio	April 16, 2013	90	%
	Parkside Apartments ("Parkside")	Sugarland, Texas	8-Aug-13	90	%
	________________________________
	(1)         We acquired a portfolio of eight medical office buildings, known as the Original Florida MOB Portfolio on October 8, 2010.  We acquired a medical office building known as Gardens Medical Pavilion on October 20, 2010.  Collectively, the Original Florida MOB Portfolio and Gardens Medical Pavilion were referred to as the Florida MOB Portfolio.  The Florida MOB Portfolio consisted of nine medical office buildings.  On September 20, 2013, we sold the Original Florida MOB Portfolio (see Real Estate Asset Dispositions for more details). As of September 30, 2013, we still own approximately 79.8% of the ninth building, Gardens Medical Pavilion.
	Real Estate Asset Acquisitions
	During the nine months ending September 30, 2013, we made three separate real estate acquisitions: a 95% interest in Wimberly; a 90% interest in 22 Exchange and a 90% interest in Parkside for an aggregate purchase price, excluding closing costs, of approximately $85.2 million.  The purchases were partially funded with proceeds of new financings of approximately $46.2 million and an assumed loan of approximately $10.5 million.
	The following table summarizes the amounts of identified assets acquired and liabilities assumed at the acquisition date :
		Total
		Acquisitions
	Buildings	$	71,023
	Land	9,182
	Land improvements	1,166
	Lease intangibles, net	1,772
	Furniture, fixtures and equipment	2,168
	Signage, landscaping and misc. site improvements	648
	Acquired below-market leases, net	(121		)
	Total identifiable net assets	$	85,838
	The following table summarizes the amounts recognized for revenues, acquisition expenses and net loss from the acquisition dates to September 30, 2013 (in millions):
			Wimberly			22 Exchange			Parkside
	Revenue		$	2.3		$	1.6		$	0.4
	Acquisition expenses with unaffiliated third party		$	0.8		$	0.5		$	0.5
	Net loss		$	(1.8	)	$	(1.2	)	$	(0.5	)
	The following unaudited pro forma summary presents our consolidated information for the three acquisitions as if the business combinations had occurred on January 1, 2012:
			Pro Forma for the Three Months Ended September 30,						Pro Forma for the Nine Months Ended September 30,
			2013			2012			2013			2012
	Revenue		$	11,905		$	11,156		$	34,784		$	31,783
	Depreciation and amortization		$	(3,942	)	$	(3,262	)	$	(11,924	)	$	(11,853	)
	Net income (loss)		$	12,920		$	(4,353	)	$	21,002		$	(10,124	)
	Net income (loss) per share		$	0.5		$	(0.17	)	$	0.81		$	(0.39	)
	These pro forma amounts have been calculated after applying our accounting policies and adjusting the results to reflect additional depreciation and amortization that would have been charged assuming the fair value adjustments to the tangible and intangible assets had been applied from January 1, 2012.
	Wimberly at Deerwood
	On February 19, 2013, we acquired Wimberly, a 322-unit multifamily community in Jacksonville, Florida, from an unaffiliated third party.  The purchase price for Wimberly, excluding closing costs, was approximately $35.6 million.  In connection with the acquisition of Wimberly, on February 19, 2013, we entered into a loan for approximately $26.7 million with an unaffiliated third party.   The loan bears interest at a variable annual rate of approximately 2.28% plus 30-day LIBOR and requires interest-only payments for the first 24 months.  The loan may not be prepaid in whole or in part during the first year.  After the first year, the loan may be prepaid in whole (but not in part) with payment of prepayment fees.  The loan must be repaid in its entirety by March 2023.
	22 Exchange
	We acquired a 90% interest in 22 Exchange, a student housing complex in Akron, Ohio on April 16, 2013 from an unaffiliated third party.  The contract purchase price for the property, excluding closing costs, was approximately $28.1 million.  In connection with the purchase, we entered into a loan for approximately $19.5 million with an unaffiliated third party.  The loan bears interest at a fixed rate of 3.93% and requires interest-only payments for the first 36 months.  The loan must be repaid in its entirety by May 2023.
	Parkside Apartments
	On August 8, 2013, we acquired a 90% interest in Parkside, a 240-unit multifamily community in Sugarland, Texas, from an unaffiliated third party. The contract purchase price for the property was $21.5 million. In connection with the purchase, we assumed a loan of approximately $10.5 million. The loan bears interest at a fixed rate of 5% and requires interest and principal payments. After May 2014, the loan may be prepaid in whole (but not in part) with payment of prepayment fees. The loan must be repaid in its entirety by June 2018 and includes a five-year extension option.
	We are in the process of finalizing our acquisition allocations, which are subject to change until the information is finalized, which will be no later than twelve months from the acquisition date.
	Real Estate Asset Dispositions
	Interchange Business Center
	On October 18, 2012, we sold one of the four industrial buildings at Interchange Business Center for a contract sales price of approximately $7.5 million, excluding transaction costs.  On April 12, 2013, we sold the remaining three buildings for a contract sales price of approximately $40.4 million, excluding transaction costs. We recorded a gain on sale of real estate property of $14.5 million and loss on early extinguishment of debt of $0.3 million, which is reflected in discontinued operations for the nine months ended September 30, 2013.  A portion of the proceeds from the sale of the asset were used to pay off in full the existing indebtedness of approximately $11.3 million secured by the property.
	Original Florida MOB Portfolio
	We own a 90% interest in BH-AW Florida MOB Venture, LLC (the “Florida MOB Joint Venture”). The remaining 10% interest in the Florida MOB Joint Venture is owned by AW SFMOB Investor, LLC (“AW Investor”) and AW SFMOB Managing Member, LLC (“AW Managing Member” and collectively with AW Investor, “AW”). Florida MOB Joint Venture indirectly owned ground leasehold interests in the Original Florida MOB Portfolio.
	On September 20, 2013, the special purpose entities that owned the Original Florida MOB Portfolio properties sold the properties to entities affiliated with AW and an unaffiliated third party for an aggregate contract sales price of approximately $63 million, which was paid in cash and through the assumption by the buyer of existing indebtedness of approximately $18 million. We recorded a gain on sale of real estate property of $17.1 million.

Investment_in_Unconsolidated_J

Investment in Unconsolidated Joint Venture	9 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Investment in Unconsolidated Joint Venture	'
	Investment in Unconsolidated Joint Venture
	On May 24, 2013, we provided mezzanine financing totaling $13.7 million to an unaffiliated third-party entity that owns and will develop an apartment complex in Denver, Colorado (“Prospect Park”).  The developer also had a senior construction loan with a third-party lender, in an aggregate principal amount of $35.6 million.  The senior construction loan is guaranteed by the owners of the developer.  Our mezzanine loan to the developer is subordinate to the senior construction loan.  The loan is collateralized by the property and has an annual interest rate of 10% for the first three years of the term, followed by two one-year extension options at which point, the annual interest rate would increase to 14%.  We have evaluated this ADC arrangement and determined that the characteristics are similar to a jointly-owned investment or partnership, and accordingly, the investment is accounted for as an unconsolidated joint venture under the equity method of accounting instead of loan accounting since we will participate in the residual interests through the sale or refinancing of the property.
	As of September 30, 2013, the outstanding principal balance under our mezzanine loan was $13.7 million.  In connection with this investment, we capitalized acquisition-related costs and fees totaling $0.4 million.  Interest capitalized for the three and nine months ending September 30, 2013 was $0.1 million and $0.2 million, respectively.  For the three and nine months ended September 30, 2013, we recorded no equity in earnings (losses) of unconsolidated joint venture related to our investment in Prospect Park.
	The following table sets forth our ownership interest in Prospect Park:
		Ownership Interest	Carrying Amount at
	Property Name	at September 30, 2013	September 30, 2013
	Prospect Park	N/A	$11,858	(1	)
	______________________________
	(1)         During the nine months ended September 30, 2013, we received distributions (return of capital) of approximately $2.4 million and capitalized $0.4 million of acquisition expense.  Approximately $2 million of the $2.4 million distributions was an interest reserve funded at closing (classified as restricted cash on the condensed consolidated balance sheet until earned).

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Notes Payable	'
	Notes Payable
	The following table sets forth information on our notes payable as of September 30, 2013 and December 31, 2012:
			Notes Payable as of				Interest	Maturity
	Description		September 30, 2013		December 31, 2012		Rate	Date
	1875 Lawrence		$	15,621	$	15,500	30-day LIBOR + 5.35% (1) (2)	1/1/16
	Interchange Business Center (4)		—		9,882		30-day LIBOR + 5% (1)(3)	12/1/13
	Holstenplatz		10,429		10,375		3.89%	4/30/15
	Courtyard Kauai at Coconut Beach Hotel		38,000		38,000		30-day LIBOR + .95% (1)	11/9/15
	Florida MOB Portfolio - Palmetto Building (5)		—		6,077		4.55%	1/1/16
	Florida MOB Portfolio - Victor Farris Building (5)		—		12,249		4.55%	1/1/16
	Florida MOB Portfolio - Gardens Medical Pavilion		14,128		14,385		4.90%	1/1/18
	River Club and the Townhomes at River Club		25,095		25,200		5.26%	5/1/18
	Babcock Self Storage		2,193		2,225		5.80%	8/30/18
	Lakes of Margate		15,021		15,182		5.49% and 5.92%	1/1/20
	Arbors Harbor Town		26,000		26,000		3.98%	1/1/19
	Alte Jakobstraße		8,182		8,233		2.30%	12/30/15
	Wimberly		26,685		—		30-day LIBOR + 2.28% (1)	3/1/23
	22 Exchange		19,500		—		3.93%	5/5/23
	Parkside (6)		11,263		—		5%	6/1/18
			$	212,117	$	183,308
	_________________________________
	(1) 30-day LIBOR was 0.19% at September 30, 2013.
	(2) Maximum borrowing up to $20.1 million.
	(3) The 30-day LIBOR rate was set at a minimum value of 2.5%.
	(4) On October 18, 2012, we sold one of the four industrial buildings at Interchange Business Center to an unaffiliated third party.  On April 12, 2013, we sold the remaining three buildings to an unaffiliated third party.  A portion of the proceeds from the sale of the remaining three buildings were used to pay off in full the existing indebtedness associated with the property.
	(5) On September 20, 2013, we sold the Original Florida MOB Portfolio properties for an aggregate contract sales price of approximately $63 million, which was paid in cash and through the assumption by the buyer of existing indebtedness of approximately $18 million.
	(6) Includes approximately $0.8 million of unamortized premium related to debt we assumed at acquisition.
	At September 30, 2013, our notes payable balance was $212.1 million and consisted of the notes payable related to our consolidated properties.  We have guaranteed payment of certain recourse liabilities with respect to certain customary nonrecourse carveouts as set forth in the guaranties in favor of the unaffiliated lenders with respect to the Courtyard Kauai at Coconut Beach Hotel, Wimberly, 22 Exchange and Parkside notes payable.  For the nine months ended September 30, 2013, in connection with the acquisition of Wimberly, 22 Exchange and Parkside, we entered into loans with unaffiliated third parties for approximately $26.7 million, $19.5 million and $10.5 million (assumed loan), respectively.  On April 12, 2013, we sold the remaining three industrial buildings at Interchange Business Center to an unaffiliated third party and used a portion of the proceeds from the sale to pay off in full the existing indebtedness of $11.3 million.  On September 20, 2013, we sold the Original Florida MOB Portfolio, which was paid in cash and through the assumption by the buyer of approximately $18 million of existing indebtedness. See footnote 16, Discontinued Operations for further details.  Interest capitalized for the three and nine months ending September 30, 2013 was $0.1 million and $0.2 million, respectively.
	We are subject to customary affirmative, negative, and financial covenants and representations, warranties and borrowing conditions, all as set forth in our loan agreements.  As of September 30, 2013, we believe we were in compliance with the covenants under our loan agreements.
	The following table summarizes our contractual obligations for principal payments as of September 30, 2013:
	Year	Amount Due
	October 1, 2013 - December 31, 2013	$	630
	2014	2,070
	2015	57,847
	2016	18,112
	2017	2,716
	Thereafter	129,957
	Unamortized premium	785
		$	212,117

Leasing_Activity

Leasing Activity	9 Months Ended
	Sep. 30, 2013
Leases [Abstract]	'
Leasing Activity	'
	Leasing Activity
	Future minimum base rental payments of our office and industrial properties due to us under non-cancelable leases in effect as of September 30, 2013 for our consolidated properties are as follows:
	October 1, 2013 - December 31, 2013	$	4,626
	2014	5,118
	2015	3,742
	2016	3,165
	2017	1,287
	Thereafter	1,732
	Total	$	19,670
	The schedule above does not include rental payments due to us from our multifamily, hotel, student housing, and self-storage properties, as leases associated with these properties typically are for periods of one year or less.  As of September 30, 2013, none of our tenants accounted for 10% or more of our aggregate annual rental revenues from our consolidated properties.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities	'
	Derivative Instruments and Hedging Activities
	We may be exposed to the risk associated with variability of interest rates that might impact our cash flows and the results of operations.  The hedging strategy of entering into interest rate caps and swaps, therefore, is to eliminate or reduce, to the extent possible, the volatility of cash flows.  As of September 30, 2013, none of our derivative instruments were designated as hedging instruments.
	Derivative instruments classified as assets were reported at their combined fair values of $0.2 million and less than $0.1 million in prepaid expenses and other assets at September 30, 2013 and December 31, 2012, respectively.  During the three months ended September 30, 2013 and 2012, we recorded a reclassification of unrealized loss to interest expense of less than $0.1 million and unrealized gain of less than $0.1 million to other comprehensive income (loss) (“OCI”) in our statement of equity to adjust the carrying amount of the interest rate caps at September 30, 2013 and 2012, respectively. During the nine months ended September 30, 2013 and 2012, we recorded a reclassification of unrealized loss to interest expense of $0.1 million and unrealized gain of less than $0.1 million to OCI in our statement of equity to adjust the carrying amount of the interest rate caps at September 30, 2013 and 2012, respectively. The reclassification out of OCI for the nine months ended September 30, 2013 was due to all derivatives being designated as non-hedging instruments as of January 1, 2013 compared to being designated as hedging instruments as of December 31, 2012.
	The following table summarizes the notional values of our derivative financial instruments.  The notional values provide an indication of the extent of our involvement in these instruments, but do not represent exposure to credit, interest rate, or market risks:
	Type / Description		Notional				Interest Rate /	Index		Maturity
			Value				Strike Rate
	Not Designated as Hedging Instruments
	Interest rate cap - Courtyard Kauai Coconut Beach Hotel		$	38,000			3.00% - 6.00%	30-day LIBOR		October 15, 2014
	Interest rate cap - 1875 Lawrence		$	20,100			2.75%	30-day LIBOR		January 1, 2016
	Interest rate cap - Wimberly		$	26,685			4.56%	30-day LIBOR		March 1, 2018
	The table below presents the fair value of our derivative financial instruments, as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	Derivatives designated as		Balance Sheet		Asset Derivatives
	hedging instruments:		Location		September 30, 2013			December 31, 2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	—		$	13
	Derivatives not designated as		Balance Sheet		Asset Derivatives
	hedging instruments:		Location		September 30, 2013			December 31, 2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	175		$	—
	The table below presents the effect of our derivative financial instruments on the consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012:
	Derivatives in Cash Flow Hedging Relationships
	Amount of Loss Reclassified from OCI into Income (Effective Portion)
	Three Months ended September 30, 2012			Nine Months ended September 30, 2012
	$	(12	)	$	(26	)
	Derivatives Not Designated as Hedging Instruments
	Amount of Gain or (Loss) (1)
	Three months ended September 30, 2013			Nine months ended September 30, 2013
	$	(46	)	$	(76	)
	_______________________________
	(1) Amounts included in interest expense.  For the three and nine months ending September 30, 2013, reclassification out of OCI for $18 thousand and $106 thousand, respectively, was due to all derivatives being designated as non-hedging instruments as of January 1, 2013 compared to being designated as hedging instruments as of December 31, 2012.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Our operating leases consisted of ground leases on each of the original eight buildings acquired in connection with the purchase of the Original Florida MOB Portfolio.  Each ground lease was for a term of 50 years, with a 25-year extension option.  The annual payment for each ground lease increased by 10% every 5 years.  On September 20, 2013, we sold the Original Florida MOB Portfolio. As of September 30, 2013, we do not have operating leases. For each of the nine months ended September 30, 2013 and 2012, we incurred $0.2 million in lease expense related to our ground leases.

Distributions

Distributions	9 Months Ended
	Sep. 30, 2013
Distributions	'
Distributions	'
	Distributions
	Distributions are authorized at the discretion of our board of directors based on its analysis of our performance over the previous period and expectations of performance for future periods.  These analyses may include actual and anticipated operating cash flow, changes in market capitalization rates for investments suitable for our portfolio, capital expenditure needs, general financial and market conditions and other factors that our board deems relevant.  The board’s decision will be influenced, in substantial part, by its obligation to ensure that we maintain our status as a REIT.  In light of the continued uncertainty in the global financial and real estate markets, we cannot provide assurance that we will be able to achieve expected cash flows necessary to pay distributions at any particular level, or at all.
	On March 20, 2012, our board of directors declared a special distribution of $0.50 per share of common stock payable to our stockholders of record as of April 3, 2012 and determined to cease regular, monthly distributions in favor of payment of periodic distributions from excess proceeds from asset dispositions or from other sources as necessary to maintain our REIT tax status.  The special distribution was paid on May 10, 2012.
	We have paid and may in the future pay some or all of our distributions from sources other than operating cash flow.  We have, for example, generated cash to pay distributions from financing activities, components of which may include proceeds from our public offerings of shares of our common stock and borrowings (including borrowings secured by our assets) in anticipation of future operating cash flow.  We have also utilized cash from refinancings and dispositions, the components of which may represent a return of capital and/or the gains on sale.  In addition, from time to time, our Advisor may agree to waive or defer all or a portion of the acquisition, asset management or other fees or incentives due to it, pay general administrative expenses, or otherwise supplement investor returns in order to increase the amount of cash that we have available to pay distributions to our stockholders.
	We did not pay any distributions to stockholders during the three and nine months ended September 30, 2013. The special cash distribution of $13 million declared during the first quarter of 2012 was paid in the second quarter of 2012 and was based upon the number of stockholders as of April 3, 2012.  Total distributions paid to stockholders during the nine months ended September 30, 2012 were $17.3 million consisting of the special cash distribution of $13 million and regular distributions of $4.3 million including DRP of $2.8 million.  A portion of the $4.3 million regular distributions to stockholders were funded from cash flow provided by operations.  The special cash distribution was funded from proceeds from asset dispositions.  Previous regular cash distributions were funded from proceeds from our public offerings of shares of our common stock, borrowings and cash flow from operations.  Future distributions, if any, declared and paid may exceed cash flow from operating activities until such time as we invest in additional real estate or real estate-related assets at favorable yields and our investments reach stabilization.
	Distributions declared per share assume the share was issued and outstanding each day during the period.  Beginning January 2012 through March 2012, the declared daily regular distribution rate was $0.0013699 per share of common stock, which was equivalent to an annualized distribution rate of 5.0% assuming the share was purchased for $10.00.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	The Advisor and certain of its affiliates receive fees and compensation in connection with the acquisition, management, and sale of our assets.
	Pursuant to a Dealer Manager Agreement, we engaged Behringer Securities LP (“Behringer Securities”) to act as our dealer manager in connection with our public offerings.  Behringer Securities received commissions of up to 7% of gross primary offering proceeds.  Behringer Securities reallowed 100% of selling commissions earned to participating broker-dealers.  In addition, we paid Behringer Securities a dealer manager fee of up to 2.5% of gross offering proceeds.  Pursuant to separately negotiated agreements, Behringer Securities reallowed a portion of its dealer manager fee in an aggregate amount up to 2% of gross offering proceeds to broker-dealers participating in our public offerings; provided, however, that Behringer Securities reallowed, in the aggregate, no more than 1.5% of gross offering proceeds for marketing fees and expenses, conference fees and non-itemized, non-invoiced due diligence efforts and no more than 0.5% of gross offering proceeds for out-of-pocket and bona fide, separately invoiced due diligence expenses incurred as fees, costs or other expenses from third parties.  Further, in special cases pursuant to separately negotiated agreements and subject to applicable limitations imposed by the Financial Industry Regulatory Authority, Behringer Securities used a portion of its dealer manager fee to reimburse certain broker-dealers participating in our public offerings for technology costs and expenses associated with our public offerings and costs and expenses associated with the facilitation of the marketing and ownership of our shares by such broker-dealers’ customers.  No selling commissions, dealer manager fees or organization and offering expenses were paid for sales under the DRP.  We terminated the primary portion of the follow-on public offering effective March 15, 2012 and the DRP portion of the follow-on offering effective April 3, 2012.  For the nine months ended September 30, 2012, Behringer Securities earned selling commissions and dealer manager fees of $0.4 million and $0.2 million, respectively, which were recorded as a reduction to additional paid-in capital.
	We reimbursed the Advisor and its affiliates for organization and offering expenses (other than selling commissions and the dealer manager fee) incurred on our behalf in connection with the primary offering component of our public offerings of our common stock.  The total we were required to remit to the Advisor for organization and offering expenses (other than selling commissions and the dealer manager fee) was limited to 1.5% of the gross proceeds raised in the completed primary offering components of the public offerings as determined upon completion of the public offerings.  The Advisor or its affiliates determined the amount of organization and offering expenses owed based on specific invoice identification, as well as an allocation of costs to us and other Behringer Harvard programs, based on respective equity offering results of those entities in offering.
	The Advisor was required to reimburse us to the extent that the total amount spent on organization and offering expenses (other than selling commissions and the dealer manager fee) in the public offerings exceeded 1.5% of the gross proceeds raised in the primary component of the public offerings.  Based on the gross proceeds from our public offerings, we recorded a receivable from the Advisor for approximately $3.8 million of organization and offering expenses that were previously reimbursed to the Advisor.  The receivable of $3.8 million is presented net of other payables of $0.5 million to the Advisor on our consolidated balance sheet as of December 31, 2012.  We received payment of $3.8 million from the Advisor for this receivable in March 2013.
	The Advisor or its affiliates will also receive acquisition and advisory fees of 2.5% of the amount paid and/or in respect of the purchase, development, construction, or improvement of each asset we acquire, including any debt attributable to those assets.  The Advisor and its affiliates will also receive acquisition and advisory fees of 2.5% of the funds advanced in respect of a loan investment.  We incurred acquisition and advisory fees payable to the Advisor of $0.4 million and none for the three months ended September 30, 2013 and 2012, respectively. We incurred acquisition and advisory fees payable to the Advisor of $2.4 million and $0.5 million for the nine months ended September 30, 2013 and 2012, respectively.
	The Advisor or its affiliates also receive an acquisition expense reimbursement in the amount of 0.25% of (i) the funds paid for purchasing an asset, including any debt attributable to the asset, (ii) the funds budgeted for development, construction, or improvement in the case of assets that we acquire and intend to develop, construct, or improve, and (iii) the funds advanced in respect of a loan investment.  In addition, to the extent the Advisor or its affiliates directly provide services formerly provided or usually provided by third parties, including, without limitation, accounting services related to the preparation of audits required by the SEC, property condition reports, title services, title insurance, insurance brokerage or environmental services related to the preparation of environmental assessments in connection with a completed investment, the direct employee costs and burden to the Advisor of providing these services will be acquisition expenses for which we will reimburse the Advisor.  We also pay third parties, or reimburse the Advisor or its affiliates, for any investment-related expenses due to third parties in the case of a completed investment, including, but not limited to, legal fees and expenses, travel and communication expenses, costs of appraisals, accounting fees and expenses, third-party brokerage or finder’s fees, title insurance, premium expenses, and other closing costs.  In addition, acquisition expenses for which we will reimburse the Advisor, include any payments made to (i) a prospective seller of an asset, (ii) an agent of a prospective seller of an asset, or (iii) a party that has the right to control the sale of an asset intended for investment by us that are not refundable and that are not ultimately applied against the purchase price for such asset.  Except as described above with respect to services customarily or previously provided by third parties, the Advisor is responsible for paying all of the expenses it incurs associated with persons employed by the Advisor to the extent that they are dedicated to making investments for us, such as wages and benefits of the investment personnel.  The Advisor and its affiliates are also responsible for paying all of the investment-related expenses that we or the Advisor or its affiliates incur that are due to third parties or related to the additional services provided by the Advisor as described above with respect to investments we do not make, other than certain non-refundable payments made in connection with any acquisition.  For the three and nine months ended September 30, 2013, we incurred acquisition expense reimbursements of less than $0.1 million and $0.2 million, respectively.  We incurred acquisition expense reimbursements of less than $0.1 million for the nine months ended September 30, 2012.
	We pay the Advisor or its affiliates a debt financing fee of 1% of the amount available under any loan or line of credit made available to us.  It is anticipated that the Advisor will pay some or all of these fees to third parties with whom it subcontracts to coordinate financing for us.  We incurred debt financing fees of $0.1 million and none for the three months ended September 30, 2013 and 2012, respectively. We incurred debt financing fees of $0.5 million and $0.1 million for the nine months ended September 30, 2013 and 2012, respectively.
	We pay the Advisor or its affiliates a development fee in an amount that is usual and customary for comparable services rendered to similar projects in the geographic market of the project if such affiliate provides the development services and if a majority of our independent directors determines that such development fee is fair and reasonable and on terms and conditions not less favorable than those available from unaffiliated third parties.  We incurred no such fees for the three and nine months ended September 30, 2013 and 2012.
	We will pay the Advisor or its affiliates a construction management fee in an amount not to exceed 5% of all hard construction costs incurred in connection with, but not limited to capital repairs and improvements, major building reconstruction and tenant improvements, if such affiliate supervises construction performed by or on behalf of us or our affiliates. We incurred construction management fees of less than $0.1 million and $0.1 million for the three and nine months ended September 30, 2013. We incurred no construction management fees for the three and nine months ended September 30, 2012.
	We pay our property manager and affiliate of the Advisor, Behringer Harvard Opportunity II Management Services, LLC (“BHO II Management”), or its affiliates, fees for the management, leasing, and construction supervision of our properties.  Property management fees are 4.5% of the gross revenues of the properties managed by BHO II Management or its affiliates, plus leasing commissions based upon the customary leasing commission applicable to the same geographic location of the respective property.  In the event that we contract directly with a third-party property manager in respect of a property, BHO II Management or its affiliates receives an oversight fee equal to 0.5% of the gross revenues of the property managed.  In no event will BHO II Management or its affiliates receive both a property management fee and an oversight fee with respect to any particular property.  In the event we own a property through a joint venture that does not pay BHO II Management directly for its services, we will pay BHO II Management a management fee or oversight fee, as applicable, based only on our economic interest in the property.  We incurred and expensed property management fees or oversight fees to BHO II Management of approximately $0.2 million and $0.3 million for the three months ended September 30, 2013 and 2012, respectively. We incurred and expensed property management fees or oversight fees to BHO II Management of approximately $0.7 million and $0.9 million for the nine months ended September 30, 2013 and 2012, respectively.
	We pay the Advisor or its affiliates a monthly asset management fee of one-twelfth of 1.0% of the sum of the higher of the cost or value of each asset.  For the three months ended September 30, 2013 and 2012, we expensed $0.9 million and $0.8 million, respectively, of asset management fees.  For the nine months ended September 30, 2013 and 2012, we expensed $2.4 million and $2.3 million, respectively, of asset management fees.  Amounts include asset management fees which were classified to discontinued operations and our disposed properties.
	We reimburse the Advisor or its affiliates for all expenses paid or incurred by the Advisor in connection with the services provided to us, subject to the limitation that we will not reimburse the Advisor for any amount by which our operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of:  (A) 2% of our average invested assets, or (B) 25% of our net income determined without reduction for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of our assets for that period.  Notwithstanding the above, we may reimburse the Advisor for expenses in excess of this limitation if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. For the three months ended September 30, 2013 and 2012, we incurred and expensed such costs for administrative services of $0.4 million. For the nine months ended September 30, 2013 and 2012, we incurred and expensed such costs for administrative services of $1.2 million and $1.1 million, respectively.
	We are dependent on the Advisor and BHO II Management for certain services that are essential to us, including asset acquisition and disposition decisions, property management and leasing services, and other general administrative responsibilities.  In the event that these companies were unable to provide us with their respective services, we would be required to obtain such services from other sources.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Information [Abstract]	'
Supplemental Cash Flow Information	'
	Supplemental Cash Flow Information
	Supplemental cash flow information is summarized below:
		Nine months ended September 30,
		2013		2012
	Interest paid, net of amounts capitalized	$	5,944	$	7,400
	Non-cash investing and financing activities:
	Capital expenditures for real estate in accounts payable	$	—	$	72
	Capital expenditures for real estate in accrued liabilities	$	478	$	439
	Common stock issued in distribution reinvestment plan	$	—	$	2,790
	Offering costs payable to related parties	$	—	$	8
	Assumed debt on acquisition of real estate investment	$	11,306	$	—
	Assumed debt on disposition of real estate investment	$	17,983	$	—
	Accrued distributions to noncontrolling interest holder	$	4,353	$	—

Discontinued_Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	Discontinued Operations
	During the nine months ended September 30, 2012, we sold the Palms of Monterrey.  On April 12, 2013, we sold the remaining three buildings at Interchange Business Center for a contract sales price of approximately $40.4 million, excluding transaction costs.  A portion of the proceeds from the sale were used to pay off in full the existing indebtedness associated with the buildings. On September 20, 2013, we sold the Original Florida MOB Portfolio for an aggregate contract sales price of approximately $63 million, which was paid in cash and through the assumption by the buyer of approximately $18 million of existing indebtedness.
	The following table summarizes the disposition of our properties during 2012 and 2013.
	Property Name	Date of Disposition	Contract Sales Price
	Palms of Monterrey	January 5, 2012	$	39,300
	Parrot’s Landing	October 31, 2012	$	56,300
	Interchange Business Center (1)	October 18, 2012	$	7,500
	Interchange Business Center (1)	April 12, 2013	$	40,400
	Original Florida MOB Portfolio (2)	20-Sep-13	$	63,000
	_________________________________
	(1) On October 18, 2012, we sold one of the four industrial buildings at Interchange Business Center to an unaffiliated third party.  On April 12, 2013, we sold the remaining three buildings to an unaffiliated third party.
	(2) On September 20, 2013, we sold the original 8 medical office buildings. We continue to own approximately 79.8% of the ninth building, Gardens Medical Pavilion.
	We have classified the results of operations for the properties above into discontinued operations in the accompanying condensed consolidated statements of operations.
			Three Months Ended September 30,					Nine Months Ended September 30,
			2013		2012			2013			2012
	Rental revenue		$	2,525	$	4,560		$	8,635		$	13,903
	Expenses
	Property operating expenses		1,535		2,065			4,130			6,076
	Interest expense		202		963			983			2,980
	Real estate taxes		64		730			609			2,182
	Property management fees		126		190			385			577
	Asset management fees		—		48			50			144
	Depreciation and amortization		712		1,431			2,606			4,269
	Total expenses		2,639		5,427			8,763			16,228
	Interest income, net		1		1			2			12
	Loss on early extinguishment of debt (1)		—		—			(260		)	(1,236		)
	Gain on sale of real estate property		17,065		—			31,520			9,264
	Income (loss) from discontinued operations, including gains on disposition		$	16,952	$	(866	)	$	31,134		$	5,715
	________________________________
	(1) Loss on early extinguishment of debt for the nine months ended September 30, 2013 was approximately $0.3 million and was comprised of the write-off of deferred financing fees of $0.1 million and an early termination fee of $0.2 million.  Loss on early extinguishment of debt for the nine months ended September 30, 2012 was approximately $1.2 million and was comprised of the write-off of deferred financing fees of $0.4 million and an early termination fee of $0.8 million.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Use of Estimates in the Preparation of Financial Statements	'
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  These estimates include such items as purchase price allocation for real estate acquisitions, impairment of long-lived assets, depreciation and amortization, and allowance for doubtful accounts.  Actual results could differ from those estimates.
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation and Basis of Presentation
	Our consolidated financial statements include our accounts and the accounts of other subsidiaries over which we have control.  All inter-company transactions, balances, and profits have been eliminated in consolidation.  Interests in entities acquired will be evaluated based on applicable GAAP, which includes the requirement to consolidate entities deemed to be variable interest entities (“VIE”) in which we are the primary beneficiary.  If the interest in the entity is determined not to be a VIE, then the entity will be evaluated for consolidation based on legal form, economic substance, and the extent to which we have control and/or substantive participating rights under the respective ownership agreement.  For entities in which we have less than a controlling interest or entities which we are not deemed to be the primary beneficiary, we account for the investment using the equity method of accounting.
	There are judgments and estimates involved in determining if an entity in which we have made an investment is a VIE and, if so, whether we are the primary beneficiary.  The entity is evaluated to determine if it is a VIE by, among other things, calculating the percentage of equity being risked compared to the total equity of the entity.  Determining expected future losses involves assumptions of various possibilities of the results of future operations of the entity, assigning a probability to each possibility and using a discount rate to determine the net present value of those future losses.  A change in the judgments, assumptions, and estimates outlined above could result in consolidating an entity that should not be consolidated or accounting for an investment using the equity method that should in fact be consolidated, the effects of which could be material to our financial statements.
	In the Notes to Condensed Consolidated Financial Statements, all dollar and share amounts in tabulation are in thousands of dollars and shares, respectively, unless otherwise noted.
Real Estate	'
	Real Estate
	Upon the acquisition of real estate properties, we recognize the assets acquired, the liabilities assumed and any noncontrolling interest as of the acquisition date, measured at their fair values.  The acquisition date is the date on which we obtain control of the real estate property.  The assets acquired and liabilities assumed may consist of land, inclusive of associated rights, buildings, assumed debt, identified intangible assets and liabilities and asset retirement obligations. Identified intangible assets generally consist of above-market leases, in-place leases, in-place tenant improvements, in-place leasing commissions and tenant relationships.  Identified intangible liabilities generally consist of below-market leases. Goodwill is recognized as of the acquisition date and measured as the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree over the fair value of the identifiable net assets acquired.  Likewise, a bargain purchase gain is recognized in current earnings when the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree is less than the fair value of the identifiable net assets acquired.  Acquisition-related costs are expensed in the period incurred.  Initial valuations are subject to change until our information is finalized, which is no later than twelve months from the acquisition date.
	The fair value of the tangible assets acquired, consisting of land and buildings, is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and buildings.  Land values are derived from appraisals, and building values are calculated as replacement cost less depreciation or management’s estimates of the fair value of these assets using discounted cash flow analyses or similar methods believed to be used by market participants.  The value of buildings is depreciated over the estimated useful life of 25 years using the straight-line method.
	We determine the fair value of assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that management believes we could obtain at the date of the debt assumption.  Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan using the effective interest method.
	We determine the value of above-market and below-market leases for acquired properties based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) management’s estimate of current market lease rates for the corresponding in-place leases, measured over a period equal to (a) the remaining non-cancelable lease term for above-market leases, or (b) the remaining non-cancelable lease term plus any below-market fixed rate renewal options that, based on a qualitative assessment of several factors, including the financial condition of the lessee, the business conditions in the industry in which the lessee operates, the economic conditions in the area in which the property is located, and the ability of the lessee to sublease the property during the renewal term, are reasonably assured to be exercised by the lessee for below-market leases.  We record the fair value of above-market and below-market leases as intangible assets or intangible liabilities, respectively, and amortize them as an adjustment to rental income over the determined lease term.
	The total value of identified real estate intangible assets acquired is further allocated to in-place leases, in-place tenant improvements, in-place leasing commissions and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant.  The aggregate value for tenant improvements and leasing commissions is based on estimates of these costs incurred at inception of the acquired leases, amortized through the date of acquisition.  The aggregate value of in-place leases acquired and tenant relationships is determined by applying a fair value model.  The estimates of fair value of in-place leases include an estimate of carrying costs during the expected lease-up periods for the respective spaces considering current market conditions.  In estimating the carrying costs that would have otherwise been incurred had the leases not been in place, we include such items as real estate taxes, insurance and other operating expenses as well as lost rental revenue during the expected lease-up period based on current market conditions.  The estimates of the fair value of tenant relationships also include costs to execute similar leases including leasing commissions, legal fees and tenant improvements as well as an estimate of the likelihood of renewal as determined by management on a tenant-by-tenant basis.
	We amortize the value of in-place leases, in-place tenant improvements and in-place leasing commissions to expense over the initial term of the respective leases.  The tenant relationship values are amortized to expense over the initial term and any anticipated renewal periods, but in no event does the amortization period for intangible assets or liabilities exceed the remaining depreciable life of the building.  Should a tenant terminate its lease, the unamortized portion of the acquired lease intangibles related to that tenant would be charged to expense.
Real Estate Held for Sale	'
	Real Estate Held for Sale
	We classify properties as held for sale when certain criteria are met, in accordance with GAAP.  At that time we present the assets and obligations of the property held for sale separately in our consolidated balance sheet and we cease recording depreciation and amortization expense related to that property.  Properties held for sale are reported at the lower of their carrying amount or their estimated fair value, less estimated costs to sell.  We had no property classified as held for sale at September 30, 2013 and December 31, 2012.
Investment Impairment	'
	Investment Impairment
	For all of our real estate and real estate related investments, we monitor events and changes in circumstances indicating that the carrying amounts of the real estate assets may not be recoverable.  Examples of the types of events and circumstances that would cause management to assess our assets for potential impairment include, but are not limited to:  a significant decrease in the market price of an asset; a significant adverse change in the manner in which the asset is being used; an accumulation of costs in excess of the acquisition basis plus construction of the property; major vacancies and the resulting loss of revenues; natural disasters; a change in the projected holding period; legitimate purchase offers and changes in the global and local markets or economic conditions.  Our assets may at times be concentrated in limited geographic locations and, to the extent that our portfolio is concentrated in limited geographic locations, downturns specifically related to such regions may result in tenants defaulting on their lease obligations at a portion of our properties within a short time period, which may result in asset impairments.  When such events or changes in circumstances are present, we assess potential impairment by comparing estimated future undiscounted operating cash flows expected to be generated over the life of the asset and from its eventual disposition to the carrying amount of the asset.  In the event that the carrying amount exceeds the estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the asset to estimated fair value.  We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist.  While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as market rents, economic conditions, and occupancy rates could significantly affect these estimates.
	In evaluating our investments for impairment, management may use appraisals and make estimates and assumptions, including, but not limited to, the projected date of disposition of the properties, the estimated future cash flows of the properties during our ownership, and the projected sales price of each of the properties.  A future change in these estimates and assumptions could result in understating or overstating the carrying value of our investments, which could be material to our financial statements.
	We also evaluate our investments in unconsolidated joint ventures at each reporting date.  If we believe there is an other than temporary decline in market value, we will record an impairment charge based on these evaluations.  We assess potential impairment by comparing our portion of estimated future undiscounted operating cash flows expected to be generated by the joint venture over the life of the joint venture’s assets to the carrying amount of the joint venture.  In the event that the carrying amount exceeds our portion of estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the joint venture to its estimated fair value.
	We believe the carrying value of our operating real estate is currently recoverable.  Accordingly, there were no impairment charges for the three and nine months ended September 30, 2013 or 2012.  However, if market conditions worsen beyond our current expectations, or if changes in our strategy significantly affect any key assumptions used in our fair value calculations, we may need to take charges in future periods for impairments related to our existing investments.  Any such non-cash charges would have an adverse effect on our consolidated financial position and results of operations.
Investment in Unconsolidated Joint Venture	'
	Investment in Unconsolidated Joint Venture
	We provide funding to third party developers for the acquisition, development and construction of real estate (“ADC Arrangement”).  Under the ADC Arrangement, we may participate in the residual profits of the project through the sale or refinancing of the property.  We evaluate this arrangement to determine if they have characteristics similar to a loan or if the characteristics are more similar to a joint venture or partnership such as participating in the risks and rewards of the project as an owner or an investment partner.  When we determine that the characteristics are more similar to a jointly-owned investment or partnership, we account for the arrangement as an investment in an unconsolidated joint venture under the equity method of accounting (Note 8) or a direct investment (consolidated basis of accounting) instead of applying loan accounting.  The ADC Arrangement is periodically reassessed.
Revenue Recognition	'
	Revenue Recognition
	We recognize rental income generated from leases of real estate assets on a straight-line basis over the terms of the respective leases, including the effect of rent holidays, if any.  Straight-line rental revenue of $0.1 million and $0.4 million was recognized in rental revenues for the three and nine months ended September 30, 2013, respectively, and includes amounts recognized in discontinued operations.  Straight-line rental revenue of $0.1 million and $0.2 million was recognized in rental revenues for the three and nine months ended September 30, 2012, respectively, and includes amounts recognized in discontinued operations.   Net below market lease amortization of less than $0.1 million was recognized in rental revenues for the three and nine months ended September 30, 2013.  Net below market lease amortization of less than $0.1 million and $0.1 million was recognized in rental revenues for the three and nine months ended September 30, 2012, respectively, and includes amounts recognized in discontinued operations.
	Hotel revenue is derived from the operations of the Courtyard Kauai at Coconut Beach Hotel, consisting of guest room, food and beverage, and other revenue, and is recognized as the services are rendered.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable primarily consist of receivables related to our consolidated properties of $2.5 million which includes straight-line rental revenue receivables of $1.0 million as of September 30, 2013.  Accounts receivable primarily consisted of receivables related to our consolidated properties of $2.8 million which includes straight-line rental revenue receivables of $1.2 million as of December 31, 2012.
Furniture, Fixtures, and Equipment	'
	Furniture, Fixtures, and Equipment
	Furniture, fixtures, and equipment are recorded at cost and are depreciated according to the Company’s capitalization policy which uses the straight-line method over their estimated useful lives of five to seven years.  Maintenance and repairs are charged to operations as incurred.  Accumulated depreciation associated with our furniture, fixtures, and equipment was $3.6 million and $2.3 million as of September 30, 2013 and December 31, 2012, respectively.
Deferred Financing Fees	'
	Deferred Financing Fees
	Deferred financing fees are recorded at cost and are amortized to interest expense of our notes payable using a straight-line method that approximates the effective interest method over the life of the related debt.  Accumulated amortization of deferred financing fees was $1.5 million and $1.4 million as of September 30, 2013 and December 31, 2012, respectively.
Income Taxes	'
	Income Taxes
	We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and have qualified as a REIT since the year ended December 31, 2008.  To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement that we distribute at least 90% of our REIT taxable income to our stockholders.  As a REIT, we generally will not be subject to federal income tax at the corporate level.  We are organized and operate in such a manner as to qualify for taxation as a REIT under the Code and intend to continue to operate in such a manner, but no assurance can be given that we will operate in a manner so as to qualify or remain qualified as a REIT. Taxable income from non-REIT activities managed through a taxable REIT subsidiary ("TRS") is subject to applicable federal, state, and local income and margin taxes. We have no taxable income associated with a TRS. Our operating partnerships are flow-through entities and are not subject to federal income taxes at the entity level.
	We have reviewed our tax positions under GAAP guidance that clarifies the relevant criteria and approach for the recognition and measurement of uncertain tax positions.  The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return.  A tax position may only be recognized in the financial statements if it is more likely than not that the tax position will be sustained upon examination.  We believe it is more likely than not that the tax positions taken relative to our status as a REIT will be sustained in any tax examination.
Foreign Currency Translation	'
	Foreign Currency Translation
	For our international investment where the functional currency is other than the U.S. dollar, assets and liabilities are translated using period-end exchange rates, while the statement of operations amounts are translated using the average exchange rates for the respective period.  Gains and losses resulting from the change in exchange rates from period to period are reported separately as a component of other comprehensive income (loss) (“OCI”).  Gains and losses resulting from foreign currency transactions are included in the condensed consolidated statements of operations and comprehensive income (loss).
	The Euro is the functional currency for the operations of Holstenplatz and Alte Jakobstraße.  We also maintain a Euro-denominated bank account that is translated into U.S. dollars at the current exchange rate at each reporting period.  For the three and nine months ended September 30, 2013, the foreign currency translation adjustment was a gain of $0.3 million and $0.1 million, respectively.  For the three and nine months ended September 30, 2012, the foreign currency translation adjustment was a gain of $0.2 million and a loss $0.2 million, respectively.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	At September 30, 2013 and December 31, 2012, we had cash and cash equivalents deposited in certain financial institutions in excess of federally insured levels.  We have diversified our cash and cash equivalents among several banking institutions in an attempt to minimize exposure to any one of these entities.  We regularly monitor the financial stability of these financial institutions and believe that we are not exposed to any significant credit risk in cash and cash equivalents or restricted cash.
Noncontrolling Interest	'
	Noncontrolling Interest
	Noncontrolling interest represents the noncontrolling ownership interest’s proportionate share of the equity in our consolidated real estate investments.  Income and losses are allocated to noncontrolling interest holders based generally on their ownership percentage.  In certain instances, our joint venture agreement provides for liquidating distributions based on achieving certain return metrics (“promoted interest”).  If a property reaches a defined return threshold, then it will result in distributions to noncontrolling interest which is different from the standard pro-rata allocation percentage.
Earnings per Share	'
	Earnings per Share
	Net income (loss) per share is calculated based on the weighted average number of common shares outstanding during each period.  The weighted average shares outstanding used to calculate both basic and diluted income (loss) per share were the same for each of the three and nine months ended September 30, 2013 and 2012, as there were no potentially dilutive securities outstanding.
Reclassification	'
	Reclassification
	To conform to the current year presentation, which presents hotel operating expense as a separate component of property operating expense on our condensed consolidated statements of operations and comprehensive income, we reclassified $2.5 million and $7.4 million from property operating expense to hotel operating expense for the three and nine months ended September 30, 2012, respectively.
Subsequent Events	'
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements and noted no subsequent events that would require adjustment to the condensed consolidated financial statements or additional disclosure other than the one disclosed herein.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Schedule of anticipated amortization expense associated with the acquired lease intangibles excluding properties classified as discontinued operations	'
	Anticipated amortization expense associated with the acquired lease intangibles for each of the following five years as of September 30, 2013 is as follows:
	Year	Lease / Other
		Intangibles
	October 1, 2013 - December 31, 2013	$	544
	2014	552
	2015	194
	2016	157
	2017	86
Schedule of accumulated depreciation and amortization related to entity's consolidated investments in real estate assets and intangibles	'
	Accumulated depreciation and amortization related to our consolidated investments in real estate assets and intangibles were as follows:
			Buildings and			Land and			Lease			Acquired
												Below-Market
	September 30, 2013		Improvements			Improvements			Intangibles			Leases
	Cost		$	239,831		$	66,705		$	8,089		$	(805	)
	Less: depreciation and amortization		(19,674		)	(1,257		)	(5,809		)	450
	Net		$	220,157		$	65,448		$	2,280		$	(355	)
			Buildings and			Land and			Lease			Acquired
												Below-Market
	December 31, 2012		Improvements			Improvements			Intangibles			Leases
	Cost		$	217,343		$	75,873		$	14,041		$	(2,196	)
	Less: depreciation and amortization		(17,428		)	(2,493		)	(8,671		)	1,292
	Net		$	199,915		$	73,380		$	5,370		$	(904	)

Assets_and_Liabilities_Measure1

Assets and Liabilities Measured at Fair Value (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]	'
Schedule of information about assets measured at fair value on a recurring basis	'
	The following fair value hierarchy table presents information about our assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012.
	September 30, 2013	Level 1		Level 2		Level 3		Total
	Assets
	Derivative financial instruments	$	—	$	175	$	—	$	175
	December 31, 2012	Level 1		Level 2		Level 3		Total
	Assets
	Derivative financial instruments	$	—	$	13	$	—	$	13

Real_Estate_and_Real_EstateRel1

Real Estate and Real Estate-Related Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Real Estate [Abstract]	'
Schedule of information pertaining to consolidated investments	'
	As of September 30, 2013, we consolidated 12 real estate investments on our condensed consolidated balance sheet.  The following table presents certain information about our consolidated investments as of September 30, 2013:
	Property Name	Location	Date Acquired	Ownership
				Interest
	1875 Lawrence	Denver, CO	October 28, 2008	100	%
	Holstenplatz	Hamburg, Germany	June 30, 2010	100	%
	Gardens Medical Pavilion (1)	South Florida	October 20, 2010	79.8	%
	Courtyard Kauai Coconut Beach Hotel	Kauai, Hawaii	October 20, 2010	80	%
	River Club and the Townhomes at River Club	Athens, Georiga	April 25, 2011	85	%
	Babcock Self Storage	San Antonio, Texas	August 30, 2011	85	%
	Lakes of Margate	Margate, Florida	October 19, 2011	92.5	%
	Arbors Harbor Town	Memphis, Tennessee	December 20, 2011	94	%
	Alte Jakobstraße	Berlin, Germany	April 5, 2012	99.7	%
	Wimberly at Deerwood ("Wimberly")	Jacksonville, Florida	February 19, 2013	95	%
	22 Exchange	Akron, Ohio	April 16, 2013	90	%
	Parkside Apartments ("Parkside")	Sugarland, Texas	8-Aug-13	90	%
	________________________________
	(1)         We acquired a portfolio of eight medical office buildings, known as the Original Florida MOB Portfolio on October 8, 2010.  We acquired a medical office building known as Gardens Medical Pavilion on October 20, 2010.  Collectively, the Original Florida MOB Portfolio and Gardens Medical Pavilion were referred to as the Florida MOB Portfolio.  The Florida MOB Portfolio consisted of nine medical office buildings.
Schedule of amounts of identified assets acquired and liabilities assumed at the acquisition date	'
	The following table summarizes the amounts of identified assets acquired and liabilities assumed at the acquisition date :
		Total
		Acquisitions
	Buildings	$	71,023
	Land	9,182
	Land improvements	1,166
	Lease intangibles, net	1,772
	Furniture, fixtures and equipment	2,168
	Signage, landscaping and misc. site improvements	648
	Acquired below-market leases, net	(121		)
	Total identifiable net assets	$	85,838
Summary of the amounts recognized for revenues, acquisition expenses and net loss	'
	The following table summarizes the amounts recognized for revenues, acquisition expenses and net loss from the acquisition dates to September 30, 2013 (in millions):
			Wimberly			22 Exchange			Parkside
	Revenue		$	2.3		$	1.6		$	0.4
	Acquisition expenses with unaffiliated third party		$	0.8		$	0.5		$	0.5
	Net loss		$	(1.8	)	$	(1.2	)	$	(0.5	)
Schedule of unaudited pro forma information	'
	The following unaudited pro forma summary presents our consolidated information for the three acquisitions as if the business combinations had occurred on January 1, 2012:
			Pro Forma for the Three Months Ended September 30,						Pro Forma for the Nine Months Ended September 30,
			2013			2012			2013			2012
	Revenue		$	11,905		$	11,156		$	34,784		$	31,783
	Depreciation and amortization		$	(3,942	)	$	(3,262	)	$	(11,924	)	$	(11,853	)
	Net income (loss)		$	12,920		$	(4,353	)	$	21,002		$	(10,124	)
	Net income (loss) per share		$	0.5		$	(0.17	)	$	0.81		$	(0.39	)

Investment_in_Unconsolidated_J1

Investment in Unconsolidated Joint Venture (Tables)	9 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule of ownership interest in Prospect Park that is recorded as equity investment	'
	The following table sets forth our ownership interest in Prospect Park:
		Ownership Interest	Carrying Amount at
	Property Name	at September 30, 2013	September 30, 2013
	Prospect Park	N/A	$11,858	(1	)
	______________________________
	(1)         During the nine months ended September 30, 2013, we received distributions (return of capital) of approximately $2.4 million and capitalized $0.4 million of acquisition expense.  Approximately $2 million of the $2.4 million distributions was an interest reserve funded at closing (classified as restricted cash on the condensed consolidated balance sheet until earned).

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule of information on notes payable	'
	The following table sets forth information on our notes payable as of September 30, 2013 and December 31, 2012:
			Notes Payable as of				Interest	Maturity
	Description		September 30, 2013		December 31, 2012		Rate	Date
	1875 Lawrence		$	15,621	$	15,500	30-day LIBOR + 5.35% (1) (2)	1/1/16
	Interchange Business Center (4)		—		9,882		30-day LIBOR + 5% (1)(3)	12/1/13
	Holstenplatz		10,429		10,375		3.89%	4/30/15
	Courtyard Kauai at Coconut Beach Hotel		38,000		38,000		30-day LIBOR + .95% (1)	11/9/15
	Florida MOB Portfolio - Palmetto Building (5)		—		6,077		4.55%	1/1/16
	Florida MOB Portfolio - Victor Farris Building (5)		—		12,249		4.55%	1/1/16
	Florida MOB Portfolio - Gardens Medical Pavilion		14,128		14,385		4.90%	1/1/18
	River Club and the Townhomes at River Club		25,095		25,200		5.26%	5/1/18
	Babcock Self Storage		2,193		2,225		5.80%	8/30/18
	Lakes of Margate		15,021		15,182		5.49% and 5.92%	1/1/20
	Arbors Harbor Town		26,000		26,000		3.98%	1/1/19
	Alte Jakobstraße		8,182		8,233		2.30%	12/30/15
	Wimberly		26,685		—		30-day LIBOR + 2.28% (1)	3/1/23
	22 Exchange		19,500		—		3.93%	5/5/23
	Parkside (6)		11,263		—		5%	6/1/18
			$	212,117	$	183,308
	_________________________________
	(1) 30-day LIBOR was 0.19% at September 30, 2013.
	(2) Maximum borrowing up to $20.1 million.
	(3) The 30-day LIBOR rate was set at a minimum value of 2.5%.
	(4) On October 18, 2012, we sold one of the four industrial buildings at Interchange Business Center to an unaffiliated third party.  On April 12, 2013, we sold the remaining three buildings to an unaffiliated third party.  A portion of the proceeds from the sale of the remaining three buildings were used to pay off in full the existing indebtedness associated with the property.
	(5) On September 20, 2013, we sold the Original Florida MOB Portfolio properties for an aggregate contract sales price of approximately $63 million, which was paid in cash and through the assumption by the buyer of existing indebtedness of approximately $18 million.
Contractual obligations for principal payments	'
	The following table summarizes our contractual obligations for principal payments as of September 30, 2013:
	Year	Amount Due
	October 1, 2013 - December 31, 2013	$	630
	2014	2,070
	2015	57,847
	2016	18,112
	2017	2,716
	Thereafter	129,957
	Unamortized premium	785
		$	212,117

Leasing_Activity_Tables

Leasing Activity (Tables)	9 Months Ended
	Sep. 30, 2013
Leases [Abstract]	'
Future minimum base rental payments of our office and industrial properties due to us under non-cancelable leases	'
	Future minimum base rental payments of our office and industrial properties due to us under non-cancelable leases in effect as of September 30, 2013 for our consolidated properties are as follows:
	October 1, 2013 - December 31, 2013	$	4,626
	2014	5,118
	2015	3,742
	2016	3,165
	2017	1,287
	Thereafter	1,732
	Total	$	19,670

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Summary of notional value of derivative financial instruments	'
	The following table summarizes the notional values of our derivative financial instruments.  The notional values provide an indication of the extent of our involvement in these instruments, but do not represent exposure to credit, interest rate, or market risks:
	Type / Description		Notional				Interest Rate /	Index		Maturity
			Value				Strike Rate
	Not Designated as Hedging Instruments
	Interest rate cap - Courtyard Kauai Coconut Beach Hotel		$	38,000			3.00% - 6.00%	30-day LIBOR		October 15, 2014
	Interest rate cap - 1875 Lawrence		$	20,100			2.75%	30-day LIBOR		January 1, 2016
	Interest rate cap - Wimberly		$	26,685			4.56%	30-day LIBOR		March 1, 2018
Summary of fair value of derivative financial instruments	'
	The table below presents the fair value of our derivative financial instruments, as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	Derivatives designated as		Balance Sheet		Asset Derivatives
	hedging instruments:		Location		September 30, 2013			December 31, 2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	—		$	13
	Derivatives not designated as		Balance Sheet		Asset Derivatives
	hedging instruments:		Location		September 30, 2013			December 31, 2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	175		$	—
Summary of effect of derivative financial instruments on consolidated statements of operations	'
	The table below presents the effect of our derivative financial instruments on the consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012:
	Derivatives in Cash Flow Hedging Relationships
	Amount of Loss Reclassified from OCI into Income (Effective Portion)
	Three Months ended September 30, 2012			Nine Months ended September 30, 2012
	$	(12	)	$	(26	)
	Derivatives Not Designated as Hedging Instruments
	Amount of Gain or (Loss) (1)
	Three months ended September 30, 2013			Nine months ended September 30, 2013
	$	(46	)	$	(76	)
	_______________________________
	(1) Amounts included in interest expense.  For the three and nine months ending September 30, 2013, reclassification out of OCI for $18 thousand and $106 thousand, respectively, was due to all derivatives being designated as non-hedging instruments as of January 1, 2013 compared to being designated as hedging instruments as of December 31, 2012.

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flow Information [Abstract]	'
Schedule of supplemental cash flow information	'
	Supplemental cash flow information is summarized below:
		Nine months ended September 30,
		2013		2012
	Interest paid, net of amounts capitalized	$	5,944	$	7,400
	Non-cash investing and financing activities:
	Capital expenditures for real estate in accounts payable	$	—	$	72
	Capital expenditures for real estate in accrued liabilities	$	478	$	439
	Common stock issued in distribution reinvestment plan	$	—	$	2,790
	Offering costs payable to related parties	$	—	$	8
	Assumed debt on acquisition of real estate investment	$	11,306	$	—
	Assumed debt on disposition of real estate investment	$	17,983	$	—
	Accrued distributions to noncontrolling interest holder	$	4,353	$	—

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of disposition of properties	'
	The following table summarizes the disposition of our properties during 2012 and 2013.
	Property Name	Date of Disposition	Contract Sales Price
	Palms of Monterrey	January 5, 2012	$	39,300
	Parrot’s Landing	October 31, 2012	$	56,300
	Interchange Business Center (1)	October 18, 2012	$	7,500
	Interchange Business Center (1)	April 12, 2013	$	40,400
	Original Florida MOB Portfolio (2)	20-Sep-13	$	63,000
	_________________________________
	(1) On October 18, 2012, we sold one of the four industrial buildings at Interchange Business Center to an unaffiliated third party.  On April 12, 2013, we sold the remaining three buildings to an unaffiliated third party.
	-2
Schedule of discontinued operations in consolidated statements of operations	'
	We have classified the results of operations for the properties above into discontinued operations in the accompanying condensed consolidated statements of operations.
			Three Months Ended September 30,					Nine Months Ended September 30,
			2013		2012			2013			2012
	Rental revenue		$	2,525	$	4,560		$	8,635		$	13,903
	Expenses
	Property operating expenses		1,535		2,065			4,130			6,076
	Interest expense		202		963			983			2,980
	Real estate taxes		64		730			609			2,182
	Property management fees		126		190			385			577
	Asset management fees		—		48			50			144
	Depreciation and amortization		712		1,431			2,606			4,269
	Total expenses		2,639		5,427			8,763			16,228
	Interest income, net		1		1			2			12
	Loss on early extinguishment of debt (1)		—		—			(260		)	(1,236		)
	Gain on sale of real estate property		17,065		—			31,520			9,264
	Income (loss) from discontinued operations, including gains on disposition		$	16,952	$	(866	)	$	31,134		$	5,715
	________________________________
	(1) Loss on early extinguishment of debt for the nine months ended September 30, 2013 was approximately $0.3 million and was comprised of the write-off of deferred financing fees of $0.1 million and an early termination fee of $0.2 million.  Loss on early extinguishment of debt for the nine months ended September 30, 2012 was approximately $1.2 million and was comprised of the write-off of deferred financing fees of $0.4 million and an early termination fee of $0.8 million.

Business_and_Organization_Deta

Business and Organization (Details)	9 Months Ended		9 Months Ended					9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Jan. 19, 2007	Sep. 30, 2013
	real_estate_investment		Minimum	Maximum	Behringer Harvard Opportunity Advisors II, LLC	Initial Capitalization	Initial Capitalization	Initial Offering
						Behringer Harvard Holdings	Behringer Harvard Holdings
Business and Organization	'	'	'	'	'	'	'	'
Number of Real Estate Investments	13	'	'	'	'	'	'	'
Number of real estate assets consolidated	12	'	'	'	'	'	'	'
Percentage of ownership interest by BHO II, Inc	0.10%	'	'	'	'	'	'	'
Percentage of remaining ownership interest held by BHO Business Trust II	99.90%	'	'	'	'	'	'	'
Common stock, shares issued	26,019,075	26,060,612	'	'	'	'	22,471	26,700,000
Convertible stock issued (in shares)	'	'	'	'	1,000	'	1,000	'
Common stock, shares outstanding	26,019,075	26,060,612	'	'	'	22,471	'	'
Common stock issued pursuant to reinvestment plan	'	'	'	'	'	'	'	2,200,000
Redemption of common stock (in shares)	700,000	'	'	'	'	'	'	'
Convertible stock outstanding	1,000	1,000	'	'	1,000	'	'	'
Liquidation period of assets and distribution of net proceeds to stockholders	'	'	'3 years	'6 years	'	'	'	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	property		property		property
Anticipated amortization expense associated with acquired lease intangibles	'	'	'	'	'
October 1, 2013 - December 31, 2013	$544,000	'	$544,000	'	'
2014	552,000	'	552,000	'	'
2015	194,000	'	194,000	'	'
2016	157,000	'	157,000	'	'
2017	86,000	'	86,000	'	'
Real estate	'	'	'	'	'
Total real estate	285,707,000	'	285,707,000	'	274,133,000
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Net	2,280,000	'	2,280,000	'	5,370,000
Real Estate Held for Sale	'	'	'	'	'
Number of real estate properties held for sale	0	'	0	'	0
Investment Impairment	'	'	'	'	'
Impairment charges	0	0	0	0	'
Revenue Recognition	'	'	'	'	'
Straight-line rental revenue	100,000	100,000	400,000	200,000	'
Market lease amortization included in rental revenue	100,000	100,000	100,000	100,000	'
Accounts Receivable	'	'	'	'	'
Accounts receivable related to consolidated properties	2,500,000	'	2,500,000	'	2,800,000
Straight-line rental revenue	1,000,000	'	1,000,000	'	1,200,000
Deferred Financing Fees	'	'	'	'	'
Accumulated amortization, deferred financing fees	1,500,000	'	1,500,000	'	1,400,000
Income Taxes	'	'	'	'	'
Required minimum percentage distribution of ordinary taxable income to stockholders to qualify as a REIT	'	'	90.00%	'	'
Foreign Currency Translation	'	'	'	'	'
Gain (loss) on foreign currency translation adjustment	300,000	200,000	100,000	-200,000	'
Net income (loss) per share attributable to common shareholders	'	'	'	'	'
Number of potentially dilutive securities outstanding	0	0	0	0	'
Reclassification	'	'	'	'	'
Reclassification from property operating expense to hotel operating expense	'	2,500,000	'	7,400,000	'
Maximum	'	'	'	'	'
Real Estate	'	'	'	'	'
Period for change in initial valuations from acquisition date	'	'	'12 months	'	'
Lease Intangibles	'	'	'	'	'
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Cost	8,089,000	'	8,089,000	'	14,041,000
Less: depreciation and amortization	-5,809,000	'	-5,809,000	'	-8,671,000
Net	2,280,000	'	2,280,000	'	5,370,000
Acquired Below-Market Leases	'	'	'	'	'
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Cost	-805,000	'	-805,000	'	-2,196,000
Less: depreciation and amortization	450,000	'	450,000	'	1,292,000
Net	-355,000	'	-355,000	'	-904,000
Buildings and Improvements	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'	'25 years	'	'
Real estate	'	'	'	'	'
Cost	239,831,000	'	239,831,000	'	217,343,000
Less: depreciation and amortization	-19,674,000	'	-19,674,000	'	-17,428,000
Total real estate	220,157,000	'	220,157,000	'	199,915,000
Land and Improvements	'	'	'	'	'
Real estate	'	'	'	'	'
Cost	66,705,000	'	66,705,000	'	75,873,000
Less: depreciation and amortization	-1,257,000	'	-1,257,000	'	-2,493,000
Total real estate	65,448,000	'	65,448,000	'	73,380,000
Furniture, Fixtures and Equipment	'	'	'	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Accumulated depreciation, furniture, fixtures and equipment	$3,600,000	'	$3,600,000	'	$2,300,000
Furniture, Fixtures and Equipment | Maximum	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'	'7 years	'	'
Furniture, Fixtures and Equipment | Minimum	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'	'5 years	'	'

Assets_and_Liabilities_Measure2

Assets and Liabilities Measured at Fair Value (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Derivative financial instruments	$200	'
Recurring | Level 1	'	'
Assets	'	'
Derivative financial instruments	0	0
Recurring | Level 2	'	'
Assets	'	'
Derivative financial instruments	175	13
Recurring | Level 3	'	'
Assets	'	'
Derivative financial instruments	0	0
Recurring | Total	'	'
Assets	'	'
Derivative financial instruments	$175	$13

Financial_Instruments_not_Repo1

Financial Instruments not Reported at Fair Value (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'
Notes payable	$212,117,000	$183,308,000
Fair value of notes payable	$207,500,000	$179,400,000

Real_Estate_and_Real_EstateRel2

Real Estate and Real Estate-Related Investments (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 20, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 20, 2013

Oct. 08, 2010

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Feb. 19, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 08, 2013

Sep. 30, 2013

Sep. 30, 2013

Apr. 12, 2013

Oct. 18, 2012

Sep. 30, 2013

Sep. 20, 2013

Sep. 30, 2013

real_estate_investment

real_estate_investment

Wimberly, 22 Exchange, Parkside [Member]

Wimberly, 22 Exchange, Parkside [Member]

Wimberly, 22 Exchange, Parkside [Member]

Wimberly, 22 Exchange, Parkside [Member]

Wimberly, 22 Exchange, Parkside [Member]

Wimberly, 22 Exchange, Parkside [Member]

1875 Lawrence, Denver, CO

Holstenplatz, Hamburg, Germany

Florida MOB Portfolio, South Florida

Original Florida MOB Portfolio, South Florida

Original Florida MOB Portfolio, South Florida

Gardens Medical Pavilion, South Florida

Courtyard Kauai Coconut Beach Hotel, Kauai, Hawaii

River Club and the Townhomes at River Club, Athens, Georgia

Babcock Self Storage, San Antonio, Texas

Lakes of Margate, Margate, Florida

Arbors Harbor Town, Memphis, Tennessee

Alte Jakobstrabe, Berlin, Germany

Wimberly at Deerwood, Jacksonville, Florida

Wimberly at Deerwood, Jacksonville, Florida

22 Exchange, Akron, Ohio

Parkside Apartments, Sugarland, Texas

Parkside Apartments, Sugarland, Texas

22 Exchange and Wimberly

Interchange Business Center, San Bernardino, California

Interchange Business Center, San Bernardino, California

Interchange Business Center, San Bernardino, California

Original Florida MOB [Member]

Original Florida MOB [Member]

Lease intangibles, net

Acquired below-market leases, net

building

building

building

unit

unit

building

building

building

Real Estate Properties [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of real estate assets consolidated

'

12

'

12

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership Interest (as a percent)

'

'

'

'

'

'

'

'

'

'

'

100.00%

100.00%

'

'

'

79.80%

80.00%

85.00%

85.00%

92.50%

94.00%

99.70%

'

95.00%

90.00%

90.00%

90.00%

'

'

'

'

'

90.00%

Number of properties

'

'

'

'

'

'

'

'

'

'

'

'

'

9

8

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest through joint venture (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

79.80%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of real estate acquisitions

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price, excluding closing costs

'

'

'

'

'

$85,200,000

'

$85,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$35,600,000

'

$28,100,000

$21,500,000

'

'

'

'

'

'

'

Loans Assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,500,000

10,500,000

'

'

'

'

'

'

Loan payables

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

46,200,000

'

'

'

'

'

Amounts of identified assets acquired at acquisition date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Building

'

'

'

'

'

71,023,000

'

71,023,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land

'

'

'

'

'

9,182,000

'

9,182,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land improvements

'

'

'

'

'

1,166,000

'

1,166,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

'

'

'

'

'

'

'

'

'

1,772,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Furniture, fixtures and equipment

'

'

'

'

'

2,168,000

'

2,168,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Signage, landscaping and misc. site improvements

'

'

'

'

'

648,000

'

648,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lease intangibles, net

'

'

'

'

'

'

'

'

'

'

-121,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total identifiable net assets

'

'

'

'

'

85,838,000

'

85,838,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amounts recognized for revenues, acquisition expenses and net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

'

11,597,000

8,611,000

31,558,000

24,201,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,300,000

1,600,000

'

400,000

'

'

'

'

'

'

Acquisition expenses with unaffiliated third party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

500,000

'

500,000

'

'

'

'

'

'

Net loss

'

12,349,000

-3,393,000

17,409,000

-4,017,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,800,000

-1,200,000

'

-500,000

'

'

'

'

'

'

Pro forma information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

'

'

'

'

'

11,905,000

11,156,000

34,784,000

31,783,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation and amortization

'

'

'

'

'

-3,942,000

-3,262,000

-11,924,000

-11,853,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)

'

'

'

'

'

12,920,000

-4,353,000

21,002,000

-10,124,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) per share (in dollars per share)

'

'

'

'

'

$0.50

($0.17)

$0.81

($0.39)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

322

'

'

240

'

'

'

'

'

'

'

Amount of loan entered in connection with acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

26,700,000

26,700,000

19,500,000

'

'

'

'

'

'

'

'

Variable interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.28%

'

'

'

'

'

'

'

'

'

'

Variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30-day LIBOR

'

'

'

'

'

'

'

'

'

'

Period for interest-only payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'24 months

'

'

'

'

'

'

'

'

'

'

Fixed interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.93%

5.00%

'

'

'

'

'

'

'

Period for which fixed annual rate of interest is applied

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'36 months

'

'

'

'

'

'

'

'

Option to extend debt agreement, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

Number of industrial buildings sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

1

'

'

'

Number of industrial buildings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

4

3

'

'

Contract sales price

'

'

'

83,470,000

38,684,000

'

'

'

'

'

'

'

'

'

63,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40,400,000

7,500,000

'

63,000,000

'

Mortgage Loan Related to Property Sales

18,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,000,000

'

Gain on sale of discontinued operations

'

'

'

-31,520,000

-9,264,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-14,500,000

'

-14,500,000

-17,100,000

'

Loss on early extinguishment of debt

'

'

'

260,000

1,236,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-300,000

'

-300,000

'

'

Sale proceeds used to pay off in full the indebtedness secured by the property

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,300,000

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$10,500,000

'

'

'

'

'

'

Real_Estate_and_Real_EstateRel3

Real Estate and Real Estate-Related Investments Florida MOB Joint Venture (Details) (Original Florida MOB [Member])	9 Months Ended
	Sep. 30, 2013
Original Florida MOB [Member]	'
Real Estate Properties [Line Items]	'
Real Estate Ownership Interest	90.00%

Real_Estate_and_Real_EstateRel4

Real Estate and Real Estate-Related Investments AW Investor (Details) (USD $)	9 Months Ended		0 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 20, 2013	Sep. 30, 2013
			Original Florida MOB [Member]	Original Florida MOB [Member]
Real Estate Properties [Line Items]	'	'	'	'
Real Estate Ownership Interest	'	'	'	90.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	'	'	'	10.00%
Gain on sale of discontinued operations	$31,520	$9,264	$17,100	'

Investment_in_Unconsolidated_J2

Investment in Unconsolidated Joint Venture (Details) (USD $)	0 Months Ended			3 Months Ended	9 Months Ended
	24-May-13	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
	extension_option			Original Florida MOB Portfolio	Original Florida MOB Portfolio	Prospect Park
Investment in Unconsolidated Joint Venture	'	'	'	'	'	'
Mezzanine financing to an unaffiliated third-party entity	$13,700,000	'	'	'	'	'
Amount of senior construction loan taken by unconsolidated joint venture from a third-party lender	35,600,000	'	'	'	'	'
Annual interest rate for the first three years (as a percent)	10.00%	'	'	'	'	'
Period for which annual interest rate will be 10 percent	'3 years	'	'	'	'	'
Number of extensions of the term of mezzanine loan at the option of the borrower	2	'	'	'	'	'
Period of extension of the term of mezzanine loan at the option of the borrower	'1 year	'	'	'	'	'
Annual interest rate after two extensions of mezzanine loan (as a percent)	14.00%	'	'	'	'	'
Outstanding principal balance under mezzanine loan	'	13,700,000	'	'	'	'
Acquisition-related costs and fees capitalized	'	'	'	'	'	400,000
Interest capitalized	'	'	'	100,000	200,000	'
Carrying Amount	'	'	'	'	'	11,858,000
Restricted cash	'	7,501,000	3,491,000	'	'	2,000,000
Proceeds from distributions received	'	'	'	'	'	$2,400,000

Notes_Payable_Details

Notes Payable (Details) (USD $)

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

Sep. 20, 2013

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Apr. 12, 2013

Oct. 18, 2012

Sep. 30, 2013

Sep. 20, 2013

Feb. 19, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 08, 2013

Sep. 30, 2013

Sep. 20, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

1875 Lawrence

Interchange Business Center

Interchange Business Center

Interchange Business Center

Original Florida MOB Portfolio, South Florida

Wimberly at Deerwood

Wimberly at Deerwood

22 Exchange

Parkside

Parkside

Original Florida MOB Portfolio

Original Florida MOB Portfolio

Original Florida MOB Portfolio

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

building

building

building

1875 Lawrence

1875 Lawrence

Interchange Business Center

Interchange Business Center

Holstenplatz

Holstenplatz

Courtyard Kauai at Coconut Beach Hotel

Courtyard Kauai at Coconut Beach Hotel

Florida MOB Portfolio - Palmetto Building

Florida MOB Portfolio - Palmetto Building

Florida MOB Portfolio - Victor Farris Building

Florida MOB Portfolio - Victor Farris Building

Florida MOB Portfolio - Gardens Medical Pavilion

Florida MOB Portfolio - Gardens Medical Pavilion

River Club and the Townhomes at River Club (formerly referred to as the UGA Portfolio)

River Club and the Townhomes at River Club (formerly referred to as the UGA Portfolio)

Babcock Self Storage

Babcock Self Storage

Lakes of Margate

Lakes of Margate

Arbors Harbor Town

Arbors Harbor Town

Alte Jakobstrabe

Alte Jakobstrabe

Wimberly at Deerwood

22 Exchange

Parkside

Notes Payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable

'

$212,117,000

'

$183,308,000

'

'

'

'

'

'

'

'

'

'

'

'

'

$15,621,000

$15,500,000

'

$9,882,000

$10,429,000

$10,375,000

$38,000,000

$38,000,000

$0

$6,077,000

$0

$12,249,000

$14,128,000

$14,385,000

$25,095,000

$25,200,000

$2,193,000

$2,225,000

$15,021,000

$15,182,000

$26,000,000

$26,000,000

$8,182,000

$8,233,000

$26,685,000

$19,500,000

$11,263,000

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.89%

'

'

'

4.55%

'

4.55%

'

4.90%

'

5.26%

'

5.80%

'

'

'

3.99%

'

2.30%

'

'

3.93%

5.00%

Variable rate basis

'

'

'

'

'

'

'

'

'

'30-day LIBOR

'

'

'

'

'

'

'

'30-day LIBOR

'

'30-day LIBOR

'

'

'

'30-day LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30-day LIBOR

'

'

Variable interest rate (as a percent)

'

'

'

'

'

'

'

'

'

2.28%

'

'

'

'

'

'

'

5.35%

'

5.00%

'

'

'

0.95%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.28%

'

'

Variable rate (as a percent)

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.19%

'

0.19%

'

'

'

0.19%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.19%

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

20,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.49%

'

'

'

'

'

'

'

'

Maximum interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.92%

'

'

'

'

'

'

'

'

Minimum reference rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of industrial buildings sold

'

'

'

'

'

3

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of industrial buildings

'

'

'

'

'

3

4

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable, including notes payable related to assets held for sale

'

212,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of loan entered in connection with acquisition

'

'

'

'

'

'

'

'

'

26,700,000

26,700,000

19,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans Assumed

'

'

'

'

'

'

'

'

'

'

'

'

10,500,000

10,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Loan Related to Property Sales

18,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

18,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Unamortized Premium

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

Notes payable of assets held for sale

'

'

'

'

'

11,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest capitalized

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sale of discontinued operations

'

$83,470,000

$38,684,000

'

'

$40,400,000

$7,500,000

'

$63,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes_Payable_Details_2

Notes Payable (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Contractual obligations for principal payments	'	'
October 1, 2013 - December 31, 2013	$630	'
2014	2,070	'
2015	57,847	'
2016	18,112	'
2017	2,716	'
Thereafter	129,957	'
Unamortized premium	785	'
Notes payable	$212,117	$183,308

Leasing_Activity_Details

Leasing Activity (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Future minimum base rental payments due to entity under non-cancelable leases	'
October 1, 2013 - December 31, 2013	$4,626
2014	5,118
2015	3,742
2016	3,165
2017	1,287
Thereafter	1,732
Total	$19,670
Maximum lease term	'1 year
Rental revenue | Tenant	'
Leasing Activity	'
Number of tenants	0

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Derivative Instruments and Hedging Activities	'	'	'	'	'
Fair value of derivative assets	$200,000	'	$200,000	'	'
Amount of Loss Reclassified from OCI into Income	-18,000	0	-106,000	0	'
Amount of gain or (loss) on derivative not designated as hedging instrument	-46,000	'	-76,000	0	'
Reclassification out of OCI due to all derivatives being designated as non-hedging instruments	18,000	'	106,000	'	'
Maximum	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Fair value of derivative assets	'	'	'	'	100,000
Unrealized loss recognized to OCI	100,000	100,000	100,000	100,000	'
Interest rate cap | Courtyard Kauai at Coconut Beach Hotel	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Interest Rate/ Strike Rate, low end of range (as a percent)	3.00%	'	3.00%	'	'
Interest Rate/ Strike Rate, high end of range (as a percent)	6.00%	'	6.00%	'	'
Index	'	'	'30-day LIBOR	'	'
Interest rate cap | 1875 Lawrence	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Interest Rate/ Strike Rate (as a percent)	2.75%	'	2.75%	'	'
Index	'	'	'30-day LIBOR	'	'
Interest rate cap | Wimberly at Deerwood	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Interest Rate/ Strike Rate (as a percent)	4.56%	'	4.56%	'	'
Index	'	'	'30-day LIBOR	'	'
Derivative designated as hedging instruments:	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Amount of Loss Reclassified from OCI into Income	'	-12,000	'	-26,000	'
Derivative designated as hedging instruments: | Interest rate derivative contracts	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Fair value of derivative assets	0	'	0	'	13,000
Derivative not designated as hedging instruments: | Interest rate cap | Courtyard Kauai at Coconut Beach Hotel	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Notional Value	38,000,000	'	38,000,000	'	'
Derivative not designated as hedging instruments: | Interest rate cap | 1875 Lawrence	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Notional Value	20,100,000	'	20,100,000	'	'
Derivative not designated as hedging instruments: | Interest rate cap | Wimberly at Deerwood	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Notional Value	26,685,000	'	26,685,000	'	'
Derivative not designated as hedging instruments: | Interest rate derivative contracts	'	'	'	'	'
Derivative Instruments and Hedging Activities	'	'	'	'	'
Fair value of derivative assets	$175,000	'	$175,000	'	$0

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
	building
Commitments and Contingencies Disclosure [Abstract]	'	'
Number of buildings acquired in connection with purchase of MOB Portfolio	8	'
Term of ground lease	'50 years	'
Extended term of ground lease	'25 years	'
Percentage increase in annual payment for each ground lease	10.00%	'
Number of years for which annual payment for each ground lease increases	'5 years	'
Ground leases	$0.20	$0.20

Distributions_Details

Distributions (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 20, 2012	Jun. 30, 2012	Mar. 31, 2012	Sep. 30, 2012
Distributions	'	'	'	'
Special distribution declared (in dollars per share)	$0.50	'	'	'
Total regular distributions paid to stockholders	'	'	'	$17.30
Special cash distribution declared	'	'	13	13
Special cash distribution paid	'	13	'	'
Regular cash distributions paid	'	'	'	4.3
Total regular distributions under DRP	'	'	'	$2.80
Declared daily regular distribution rate of common stock (in dollars per share)	'	'	$0.00	'
Annualized distribution rate (as a percent)	'	'	5.00%	'
Share purchase price (in dollars per share)	'	'	$10	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

1 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Behringer Securities LP

Behringer Securities LP

Behringer Securities LP

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Advisor

Behringer Harvard Opportunity II Management Services, LLC

Behringer Harvard Opportunity II Management Services, LLC

Behringer Harvard Opportunity II Management Services, LLC

Behringer Harvard Opportunity II Management Services, LLC

Behringer Harvard Opportunity II Management Services, LLC

Maximum

Maximum

Maximum

Minimum

Minimum

Related party transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions as percentage of gross offering proceeds

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Reallowance of selling commissions earned to participating broker Dealers (as a percent)

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Manager fee as percentage of gross offering proceeds

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Manager fee as percentage of gross offering proceeds to broker dealers participating in offerings

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of gross offering proceeds for marketing fees and expenses, conference fees and non Itemized, non Invoiced due diligence efforts

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of gross offering proceeds for out Of Pocket and bona fide, separately invoiced due diligence expenses incurred as fees, costs or other expenses from third parties

'

'

'

'

'

'

'

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

Reduction in selling commissions included in additional paid-in capital

'

'

'

'

'

'

$400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reduction in dealer manager fees included in additional paid-in capital

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of gross proceeds raised for remittance to Advisor for organization and offering expenses

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

'

Reimbursement of organization and offering expenses as a percentage of gross proceeds raised in primary component of offerings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

Organization and offering expenses, receivable

'

'

'

'

'

'

'

'

'

'

'

'

3,800,000

'

'

'

'

'

'

'

'

Other payables to related parties

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

Payments received from related party

3,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition and advisory fees as percentage of purchase, development, construction, or improvement of each asset acquired

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

Acquisition and advisory fees as percentage of funds advanced in respect of loan or other investment

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

Acquisition and advisory fees incurred

'

'

'

'

'

'

'

'

400,000

'

2,400,000

500,000

'

'

'

'

'

'

'

'

'

Percentage of reimbursement of acquisition expense

'

'

'

'

'

'

'

'

'

'

0.25%

'

'

'

'

'

'

'

'

'

'

Reimbursement of acquisition expense

'

'

'

'

'

'

'

'

100,000

'

200,000

'

'

'

100,000

'

'

'

'

'

'

Percentage of debt financing fee payable under loan or line of credit

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

Debt financing fees

'

'

'

'

'

'

'

'

100,000

0

500,000

100,000

'

'

'

'

'

'

'

'

'

Construction management fee, percentage (not to exceed)

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

Construction management fees (less than)

'

'

'

'

'

'

'

'

100,000

0

100,000

0

'

'

'

'

'

'

'

'

'

Development fee paid to advisor or its affiliates

'

'

'

'

'

'

'

'

0

0

0

0

'

'

'

'

'

'

'

'

'

Property management fees as percentage of gross revenues of properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

Oversight fee as percentage of gross revenues of property managed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

Property management fees or oversight fees incurred

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

300,000

700,000

900,000

'

Monthly asset management fee as percentage of sum of higher of cost or value of each asset

'

'

'

'

'

'

'

'

'

'

0.08%

'

'

'

'

'

'

'

'

'

'

Asset management fees incurred

'

990,000

776,000

2,535,000

2,350,000

'

'

'

900,000

800,000

2,400,000

2,300,000

'

'

'

'

'

'

'

'

'

Non reimbursement of operating expenses in excess of average invested assets (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

Non reimbursement of operating expenses in excess of net income (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

Administrative services cost incurred and expensed

'

'

'

'

'

'

'

'

$400,000

$400,000

$1,200,000

$1,100,000

'

'

'

'

'

'

'

'

'

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Supplemental Cash Flow Information [Abstract]	'	'
Interest paid, net of amounts capitalized	$5,944	$7,400
Noncash Investing and Financing Items [Abstract]	'	'
Capital expenditures for real estate in accounts payable	0	72
Capital expenditures for real estate in accrued liabilities	478	439
Common stock issued in distribution reinvestment plan	0	2,790
Offering costs payable to related parties	0	8
Assumed debt on acquisition of real estate investment	11,306	0
Assumed debt on disposition of real estate investment	17,983	0
Accrued distributions to noncontrolling interest holder	$4,353	$0

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 20, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Jan. 05, 2012

Oct. 31, 2012

Apr. 12, 2013

Oct. 18, 2012

Sep. 30, 2013

Sep. 20, 2013

Oct. 08, 2010

Palms of Monterrey

Parrot's Landing

Interchange Business Center

Interchange Business Center

Gardens Medical Pavilion, South Florida

Original Florida MOB Portfolio, South Florida

Original Florida MOB Portfolio, South Florida

building

building

building

building

Discontinued Operations

'

'

'

'

'

'

'

'

'

'

'

'

Contract sales price

'

'

'

$83,470,000

$38,684,000

$39,300,000

$56,300,000

$40,400,000

$7,500,000

'

$63,000,000

'

Mortgage Loan Related to Property Sales

18,000,000

'

'

'

'

'

'

'

'

'

'

'

Number of industrial buildings sold

'

'

'

'

'

'

'

3

1

'

'

'

Number of industrial buildings

'

'

'

'

'

'

'

'

4

'

'

'

Number of real estate properties

'

'

'

'

'

'

'

'

'

'

8

8

Ownership interest through joint venture (as a percent)

'

'

'

'

'

'

'

'

'

79.80%

'

'

Rental revenue

'

2,525,000

4,560,000

8,635,000

13,903,000

'

'

'

'

'

'

'

Expenses

'

'

'

'

'

'

'

'

'

'

'

'

Property operating expenses

'

1,535,000

2,065,000

4,130,000

6,076,000

'

'

'

'

'

'

'

Interest expense

'

202,000

963,000

983,000

2,980,000

'

'

'

'

'

'

'

Real estate taxes

'

64,000

730,000

609,000

2,182,000

'

'

'

'

'

'

'

Property management fees

'

126,000

190,000

385,000

577,000

'

'

'

'

'

'

'

Asset management fees

'

0

48,000

50,000

144,000

'

'

'

'

'

'

'

Depreciation and amortization

'

712,000

1,431,000

2,606,000

4,269,000

'

'

'

'

'

'

'

Total expenses

'

2,639,000

5,427,000

8,763,000

16,228,000

'

'

'

'

'

'

'

Interest income, net

'

1,000

1,000

2,000

12,000

'

'

'

'

'

'

'

Loss on early extinguishment of debt

'

0

0

-260,000

-1,236,000

'

'

'

'

'

'

'

Gain on sale of real estate property

'

17,065,000

0

31,520,000

9,264,000

'

'

'

'

'

'

'

Income (loss) from discontinued operations

'

16,952,000

-866,000

31,134,000

5,715,000

'

'

'

'

'

'

'

Gains (Losses) on Extinguishment of Debt

'

'

'

260,000

1,236,000

'

'

'

'

'

'

'

Write-off of deferred financing fees

'

'

'

100,000

400,000

'

'

'

'

'

'

'

Early termination fees

'

'

'

$200,000

$800,000

'

'

'

'

'

'

'