Lightstone Value Plus REIT V (LVVP) 10-K26 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Feb. 28, 2014	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'Behringer Harvard Opportunity REIT II, Inc.	'	'
Entity Central Index Key	'0001387061	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Amendment Flag	'false	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Common Stock, Shares Outstanding	'	26,015,980	'
Entity Public Float	'	'	$262.50

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Real estate	'	'
Land and improvements, net	$65,407,000	$73,380,000
Buildings and improvements, net	219,523,000	199,915,000
Real estate under development	99,000	838,000
Total real estate	285,029,000	274,133,000
Cash and cash equivalents	94,877,000	77,752,000
Restricted cash	5,343,000	3,491,000
Accounts receivable, net	3,017,000	3,008,000
Receivable from related party	0	3,269,000
Prepaid expenses and other assets	1,196,000	1,781,000
Investment in unconsolidated joint venture	11,985,000	0
Furniture, fixtures and equipment, net	7,923,000	6,864,000
Deferred financing fees, net	3,185,000	3,398,000
Lease intangibles, net	1,820,000	5,370,000
Total assets	414,375,000	379,066,000
Liabilities and Equity	'	'
Notes payable	212,037,000	183,308,000
Accounts payable	513,000	1,777,000
Payables to related parties	840,000	0
Acquired below-market leases, net	324,000	904,000
Distributions payable to noncontrolling interest	20,000	0
Income taxes payable	183,000	0
Accrued and other liabilities	7,669,000	6,544,000
Total liabilities	221,586,000	192,533,000
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, 26,060,612 and 25,267,048 shares issued and outstanding at December 31, 2012 and 2011, respectively	3,000	3,000
Additional paid-in capital	232,903,000	233,283,000
Accumulated distributions and net loss	-49,520,000	-58,249,000
Other comprehensive income	498,000	126,000
Total Behringer Harvard Opportunity REIT II, Inc. equity	183,884,000	175,163,000
Noncontrolling interest	8,905,000	11,370,000
Total equity	192,789,000	186,533,000
Total liabilities and equity	$414,375,000	$379,066,000

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 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	26,015,980	26,060,612
Common stock, shares outstanding	26,015,980	26,060,612

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues	'	'	'
Rental revenue	$28,517	$21,766	$12,327
Hotel revenue	14,872	10,952	6,564
Interest income from real estate loan receivable	0	0	2,931
Total revenues	43,389	32,718	21,822
Expenses:	'	'	'
Property operating expenses	9,792	6,784	3,925
Hotel operating expenses	11,363	10,001	7,713
Interest expense	7,844	6,859	4,436
Real estate taxes	4,716	3,225	1,709
Property management fees	1,521	1,171	609
Asset management fees	3,478	3,097	2,789
General and administrative	4,243	3,205	2,327
Acquisition expense	3,998	750	4,110
Depreciation and amortization	13,978	10,627	6,925
Total expenses	60,933	45,719	34,543
Interest income, net	128	128	127
Other income	46	88	504
Loss from continuing operations before equity in earnings (losses) of unconsolidated joint ventures	-17,370	-12,785	-12,090
Provision for income taxes	-183	0	0
Equity in earnings of unconsolidated joint ventures	0	0	2,681
Loss from continuing operations	-17,553	-12,785	-9,409
Income from discontinued operations, including gains on disposition	31,159	22,012	776
Net income (loss)	13,606	9,227	-8,633
Noncontrolling interest in continuing operations	577	790	1,096
Noncontrolling interest in discontinued operations	-5,454	-8,352	-214
Net (income) loss attributable to the noncontrolling interest	-4,877	-7,562	882
Net income (loss) attributable to the Company	8,729	1,665	-7,751
Amounts attributable to the Company	'	'	'
Continuing operations	-16,976	-11,995	-8,313
Discontinuing operations	25,705	13,660	562
Net income (loss) attributable to the Company	8,729	1,665	-7,751
Weighted average shares outstanding:	'	'	'
Basic and diluted (in shares)	26,035	25,987	24,039
Net income (loss) per share	'	'	'
Continuing operations (in dollars per share)	($0.65)	($0.46)	($0.35)
Discontinued operations (in dollars per share)	$0.99	$0.52	$0.03
Basic and diluted income (loss) per share (in dollars per share)	$0.34	$0.06	($0.32)
Comprehensive income (loss):	'	'	'
Net income (loss)	13,606	9,227	-8,633
Other comprehensive income (loss):	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	123	0	0
Unrealized gain (losses) on interest rate derivatives	0	21	-341
Foreign currency translation gain (loss)	262	26	-48
Total other comprehensive income (loss)	385	47	-389
Comprehensive income (loss)	13,991	9,274	-9,022
Comprehensive (income) loss attributable to noncontrolling interest	-4,890	-7,566	944
Comprehensive income (loss) attributable to common shareholders	$9,101	$1,708	($8,078)

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Distributions and Net (Loss)	Accumulated Other Comprehensive Income (loss)	Noncontrolling Interest	Convertible Stock
In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Accumulated Distributions and Net (Loss)	Accumulated Other Comprehensive Income (loss)	Noncontrolling Interest	Convertible Stock
Balance at Dec. 31, 2010	$182,211	$2	$195,149	($23,883)	$410	$10,533	$0
Balance (in shares) at Dec. 31, 2010	'	22,330,000	'	'	'	'	1,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income (loss)	-8,633	'	'	-7,751	'	-882	'
Issuance of common stock, net	32,987	1	32,986	'	'	'	'
Issuance of common stock, net (in shares)	'	3,177,000	'	'	'	'	'
Redemption of common stock	-2,167	'	-2,167	'	'	'	'
Redemption of common stock (in shares)	'	-240,000	'	'	'	'	'
Distributions declared on common stock	-12,023	'	'	-12,023	'	'	'
Contributions from noncontrolling interest	5,688	'	'	'	'	5,688	'
Distributions to noncontrolling interest	-670	'	'	'	'	-670	'
Other comprehensive income (loss):	'	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	0	'	'	'	'	'	'
Unrealized gains (losses) on interest rate derivatives	-341	'	'	'	-279	-62	'
Foreign currency translation gain (loss)	-48	'	'	'	-48	'	'
Balance at Dec. 31, 2011	197,004	3	225,968	-43,657	83	14,607	0
Balance (in shares) at Dec. 31, 2011	'	25,267,000	'	'	'	'	1,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income (loss)	9,227	'	'	1,665	'	7,562	'
Issuance of common stock, net	8,347	0	8,347	'	'	'	'
Issuance of common stock, net (in shares)	'	910,000	'	'	'	'	'
Redemption of common stock	-1,032	'	-1,032	'	'	'	'
Redemption of common stock (in shares)	'	-117,000	'	'	'	'	'
Distributions declared on common stock	-16,257	'	'	-16,257	'	'	'
Contributions from noncontrolling interest	1,597	'	'	'	'	1,597	'
Distributions to noncontrolling interest	-12,400	'	'	'	'	-12,400	'
Other comprehensive income (loss):	'	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	0	'	'	'	'	'	'
Unrealized gains (losses) on interest rate derivatives	21	'	'	'	17	4	'
Foreign currency translation gain (loss)	26	'	'	'	26	'	'
Balance at Dec. 31, 2012	186,533	3	233,283	-58,249	126	11,370	0
Balance (in shares) at Dec. 31, 2012	'	26,060,000	'	'	'	'	1,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income (loss)	13,606	'	'	8,729	'	4,877	'
Redemption of common stock	-380	'	-380	'	'	'	'
Redemption of common stock (in shares)	'	-44,000	'	'	'	'	'
Contributions from noncontrolling interest	4,655	'	'	'	'	4,655	'
Distributions to noncontrolling interest	-12,010	'	'	'	'	-12,010	'
Other comprehensive income (loss):	'	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net income	123	'	'	'	110	13	'
Unrealized gains (losses) on interest rate derivatives	0	'	'	'	'	'	'
Foreign currency translation gain (loss)	262	'	'	'	262	'	'
Balance at Dec. 31, 2013	$192,789	$3	$232,903	($49,520)	$498	$8,905	$0
Balance (in shares) at Dec. 31, 2013	'	26,016,000	'	'	'	'	1,000

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:	'	'	'
Net income (loss)	$13,606	$9,227	($8,633)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:	'	'	'
Depreciation and amortization	16,507	15,930	15,378
Amortization of deferred financing fees	949	1,049	1,301
Equity in earnings of unconsolidated joint venture	0	0	-2,681
Gain on sale of discontinued operations	-31,558	-29,358	-5,673
Loss on early extinguishment of debt	265	1,905	1,005
Distribution from unconsolidated joint venture	0	0	2,352
Loss on derivatives	94	0	0
Change in operating assets and liabilities:	'	'	'
Accounts receivable	-373	-1,055	-393
Interest receivable-real estate loan receivable	0	0	2,227
Prepaid expenses and other assets	458	176	-541
Accounts payable	-1,246	126	29
Accrued and other liabilities	549	701	-527
Net payables to related parties	277	199	-171
Addition of lease intangibles	-631	-486	-768
Cash provided by (used in) operating activities	-1,103	-1,586	2,905
Cash flows from investing activities:	'	'	'
Acquisition deposits reimbursed	247	0	0
Acquisition deposits paid	-500	-589	0
Purchases of real estate	-74,685	-11,039	-79,443
Investment in unconsolidated joint venture	-14,429	0	0
Return of investment in unconsolidated joint ventures	2,444	0	4,648
Proceeds from sale of discontinued operations	83,506	101,654	14,487
Additions of property and equipment	-8,043	-13,646	-12,755
Repayment of real estate loans receivable	0	0	25,000
Change in restricted cash	133	2,125	8,986
Cash provided by (used in) investing activities	-11,327	78,505	-39,077
Cash flows from financing activities:	'	'	'
Financing costs	-1,228	-1,818	-2,366
Proceeds from notes payable	47,710	24,033	57,092
Payments on notes payable	-12,987	-80,831	-7,965
Purchase of interest rate derivatives	-133	0	0
Issuance of common stock	0	6,142	23,354
Redemptions of common stock	-380	-1,032	-2,167
Offering costs receivable from (payable to) related party	3,832	-567	-2,156
Distributions	0	-14,536	-3,945
Contributions from noncontrolling interest holders	4,655	1,597	5,688
Distributions to noncontrolling interest holders	-11,990	-12,400	-670
Cash provided by (used in) financing activities	29,479	-79,412	66,865
Effect of exchange rate changes on cash and cash equivalents	76	115	62
Net change in cash and cash equivalents	17,125	-2,378	30,755
Cash and cash equivalents at beginning of year	77,752	80,130	49,375
Cash and cash equivalents at end of year	$94,877	$77,752	$80,130

Business_and_Organization

Business and Organization	12 Months Ended
Business and Organization	Dec. 31, 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 investment strategy also includes investments in real estate-related assets that present opportunities for current income. Such investments may also 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 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 December 31, 2013, we had 13 real estate investments, 12 of which were consolidated (two of those being wholly owned and ten properties consolidated through investments in joint ventures).
	Substantially all of our business is conducted through Behringer Harvard Opportunity OP II LP, a limited partnership organized in Delaware ("BH Opportunity OP II"). As of December 31, 2013, our wholly-owned subsidiary, BHO II, Inc., a Delaware corporation, was the sole general partner of BH Opportunity OP II and owned a 0.1% partnership interest in BH Opportunity OP II. As of December 31, 2013, our wholly-owned subsidiary, BHO Business Trust II, a Maryland business trust, was the sole limited partner of BH Opportunity OP II and owned the remaining 99.9% interest in BH 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
	We commenced an initial public offering of up to 125,000,000 shares of our common stock on January 21, 2008 (the "Initial Offering"), of which 25,000,000 shares were offered pursuant to our distribution reinvestment plan (the "DRP"). On July 3, 2011, the Initial Offering terminated in accordance with its terms. On July 5, 2011, we commenced a follow-on public offering of up to 75,000,000 shares of our common stock (the "Follow-On Offering" and, together with the Initial Offering, the "Offerings"), of which 25,000,000 shares were offered pursuant to the DRP. We terminated the primary component of the Follow-On Offering effective March 15, 2012 and the DRP component of the Follow-On Offering effective April 3, 2012. Through December 31, 2013, we raised gross offering proceeds of approximately $265.3 million from the sale of approximately 26.7 million shares under the Offerings, including shares sold under the DRP.
	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, LLC ("BHH" or "Behringer Harvard Holdings"). BHH transferred its shares of convertible stock to one of it's affiliates on April 2, 2010.
	As of December 31, 2013, we had issued 26.7 million shares of our common stock, including 22,471 shares owned by BHH and 2.2 million shares issued through the DRP. As of December 31, 2013, we had redeemed 0.7 million shares of our common stock and had 26 million shares of common stock outstanding. As of December 31, 2013, we had 1,000 shares of convertible stock held by an affiliate of BHH.
	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.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("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 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 ended December 31 is as follows:

Year

Lease / Other

Intangibles

2014

470

2015

126

2016

110

2017

2018

Accumulated depreciation and amortization related to our consolidated investments in real estate assets and intangibles were as follows:

December 31, 2013

Buildings and

Land and

Lease

Acquired

Improvements

Intangibles

Below-Market

Leases

Cost

241,881

66,828

8,102

(768

)

Less: depreciation and amortization

(22,358

)

(1,421

)

(6,282

)

444

Net

219,523

65,407

1,820

(324

)

December 31, 2012

Buildings and

Land and

Lease

Acquired

Improvements

Intangibles

Below-Market

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 December 31, 2013 and 2012.

Cash and Cash Equivalents

We consider investments in highly liquid money market funds or investments with original maturities of three months or less to be cash equivalents. The carrying amount of cash and cash equivalents reported on the balance sheet approximates fair value.

Restricted Cash

As required by our lenders, restricted cash is held in escrow accounts for anticipated capital expenditures, real estate taxes and other reserves for our consolidated properties. Capital reserves are typically utilized for non-operating expenses such as tenant improvements, leasing commissions and major capital expenditures. Alternatively, a lender may require its own formula for an escrow of capital reserves.

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; and 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. These projected cash flows are prepared internally by the Advisor and reflect in place and projected leasing activity, market revenue and expense growth rates, market capitalization rates, discount rates, and changes in economic and other relevant conditions. The Company’s Chief Financial Officer and Chief Accounting Officer review these projected cash flows to assure that the valuation is prepared using reasonable inputs and assumptions that are consistent with market data or with assumptions that would be used by a third-party market participant and assume the highest and best use of the investment. We consider trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. 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. 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 years ended December 31, 2013, 2012 and 2011. 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 7) or a direct investment (consolidated basis of accounting) instead of applying loan accounting. The ADC Arrangement is periodically reassessed to determine the applicable accounting treatment.

Revenue Recognition

We recognize rental income generated from long-term 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 $0.4 million, $0.3 million and $0.5 million was recognized in rental revenues for the years ended December 31, 2013, 2012 and 2011, respectively, and includes amounts recognized in discontinued operations. Leases associated with our multifamily and student housing assets are generally short-term in nature. Net above market lease amortization of less than $0.1 million was recognized in rental revenues for the year ended December 31, 2013. Net below market lease amortization of $0.2 million and $0.4 million was recognized in rental revenues for the years ended December 31, 2012 and 2011, respectively. These amounts include recognition of above and below market lease amortization in discontinued operations.

Hotel revenue is derived from the operations of the Courtyard Kauai at Coconut Beach Hotel and consists primarily of guest room, food and beverage, and other ancillary revenues such as long distance telephone service, laundry and parking. Hotel revenue is recognized as the services are rendered.

We recognized interest income from real estate loans receivable on an accrual basis over the life of the loan using the interest method. Direct loan origination fees and origination or acquisition costs, as well as acquisition premiums or discounts, were amortized over the life of the loan as an adjustment to interest income.

Accounts Receivable

Accounts receivable consist of receivables related to our consolidated properties of $3 million as of December 31, 2013 and 2012 and includes straight-line rental revenue receivables of $1 million and $1.2 million as of December 31, 2013 and 2012, respectively.

Prepaid Expenses and Other Assets

Prepaid expenses and other assets of $1.2 million and $1.8 million as of December 31, 2013 and 2012, respectively, include prepaid directors' and officers' insurance, as well as prepaid insurance of our consolidated properties.

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 $4.2 million and $2.3 million as of December 31, 2013 and 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 $1.8 million and $1.4 million as of December 31, 2013 and 2012, respectively.

Derivative Financial Instruments

Our objective in using derivatives is to add stability to interest expense and to manage our exposure to interest rate movements or other identified risks and to minimize the variability caused by foreign currency translation risk related to our net investment in foreign real estate. To accomplish these objectives, we use various types of derivative instruments to manage fluctuations in cash flows resulting from interest rate risk attributable to changes in the benchmark interest rate of LIBOR. These instruments include LIBOR-based interest rate swaps and caps. For our net investments in foreign real estate, we may use foreign exchange put/call options to eliminate the impact of foreign currency exchange movements on our financial position.

We measure our derivative instruments and hedging activities at fair value and record them as an asset or liability, depending on our rights or obligations under the applicable derivative contract. Changes in fair value of derivative instruments not designated as hedges are recognized in earnings in the affected period.

As of December 31, 2013, we do not have any derivatives designated as net investment hedges, fair value hedges or cash flow hedges. No derivatives were being used for trading or speculative purposes. See Notes 4 and 11 for further information regarding our derivative financial instruments.

Organization and Offering Expenses

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 the Offerings. 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 Offerings as determined upon completion of the 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 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 Offerings exceeded 1.5% of the gross proceeds raised in the primary component of the Offerings. Based on the gross proceeds from our 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 was 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.

Organization and offering expenses are defined generally as any and all costs and expenses incurred by us in connection with our formation, preparing for the Offerings, the qualification and registration of the Offerings, and the marketing and distribution of our shares. Organization and offering expenses include, but are not limited to, accounting and legal fees; costs to amend the registration statement and supplement the prospectus; printing, mailing and distribution costs; filing fees; amounts to reimburse our Advisor or its affiliates for the salaries of employees; and other costs in connection with preparing supplemental sales literature; telecommunication costs; fees of the transfer agent, registrars, trustees, escrow holders, depositories and experts; and fees and costs for employees of our Advisor or its affiliates to attend industry conferences.

All offering costs were recorded as an offset to additional paid-in capital, and all organization costs were recorded as an expense at the time we became liable for the payment of these amounts.

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.

Foreign Currency Translation

For our international investments 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 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. As of December 31, 2013, 2012 and 2011, the foreign currency translation adjustment was a gain of $0.3 million, a gain of less than $0.1 million and a loss of less than $0.1 million, respectively.

Other Comprehensive Income (Loss)

Items of Other Comprehensive Income (Loss) consist of gains and losses affecting equity that are excluded from net income (loss) under GAAP. The components of OCI consist of cumulative foreign currency translation gains and losses and the unrealized gain on derivative instruments.

Stock-Based Compensation

We have adopted a stock-based incentive award plan for our directors and consultants and for employees, directors and consultants of our affiliates. We have not issued any stock-based awards under the plan as of December 31, 2013.

Concentration of Credit Risk

At December 31, 2013 and 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.

Geographic Concentration

At any one time, a significant portion of our investments could be in one property class or concentrated in one or several geographic regions that are subject to higher risk of foreclosure. To the extent that our portfolio is concentrated in limited geographic regions, types of assets, industries or business sectors, downturns relating generally to such region, type of asset, industry or business sector may result in defaults on a number of our investments within a short time period, which may reduce our net income and the value of our common stock and accordingly limit our ability to fund our operations.

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 years ended December 31, 2013, 2012 and 2011, 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 consolidated statements of operations and comprehensive income, we reclassified $10 million and $7.7 million from property operating expense to hotel operating expense for the years ended December 31, 2012 and 2011, respectively.

Reportable Segments

GAAP establishes standards for reporting financial and descriptive information about an enterprise's reportable segments. We have determined that we have one reportable segment, with activities related to the ownership, development and management of real estate assets. Our chief operating decision maker evaluates operating performance on an individual property level. Therefore, our properties are aggregated into one reportable segment.

Subsequent Events

We have evaluated subsequent events for recognition or disclosure in our consolidated financial statements and noted no subsequent events that would require adjustment to the consolidated financial statements or additional disclosure in the notes to the consolidated financial statements.

New_Accounting_Pronouncements

New Accounting Pronouncements	12 Months Ended
New Accounting Pronouncements	Dec. 31, 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 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 financial statements.
	In February 2013, the FASB issued ASU 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The update 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

12 Months Ended

Dec. 31, 2013

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

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 December 31, 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 December 31, 2013 and 2012:

31-Dec-13

Level 1

Level 2

Level 3

Total

Assets

Derivative financial instruments

—

174

—

174

31-Dec-12

Level 1

Level 2

Level 3

Total

Assets

Derivative financial instruments

—

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	12 Months Ended
Financial Instruments not Reported at Fair Value	Dec. 31, 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 December 31, 2013 and 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, payables/receivables from related parties, and distributions payable 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 million and $183.3 million as of December 31, 2013 and 2012, respectively, have a fair value of approximately $207.8 million and $179.4 million as of December 31, 2013 and 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 December 31, 2013 and 2012.

Real_Estate_and_Real_EstateRel

Real Estate and Real Estate-Related Investments	12 Months Ended
Real Estate and Real Estate-Related Investments	Dec. 31, 2013
Real Estate [Abstract]	'
Real Estate and Real Estate-Related Investments	'
	Real Estate and Real Estate-Related Investments
	As of December 31, 2013, we consolidated 12 real estate assets. The following table presents certain information about our consolidated investments as of December 31, 2013:


	Property Name		Location		Date Acquired		Ownership
	Property Name		Location		Date Acquired		Interest
	1875 Lawrence		Denver, CO		October 28, 2008		100	%
	Holstenplatz		Hamburg, Germany		June 30, 2010		100	%
	Gardens Medical Pavilion(1)		Palm Beach Gardens, Florida		October 20, 2010(1)		79.8	%	-1
	Courtyard Kauai Coconut Beach Hotel		Kauai, Hawaii		October 20, 2010		80	%
	River Club and the Townhomes at River Club		Athens, Georgia		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		19-Feb-13		95	%
	22 Exchange		Akron, Ohio		16-Apr-13		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 December 31, 2013, we own approximately 79.8% of the ninth building, Gardens Medical Pavilion.

	Real Estate Asset Acquisitions
	During the year ended December 31, 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 contract 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, excluding a premium of $0.8 million related to the loan.

	The following table summarizes the amounts of identified assets acquired and liabilities assumed at the acquisition dates:



		Total
		Acquisitions
	Buildings	$	71,023
	Buildings	$	71,023
	Land	9,182
	Land	9,182
	Land improvements	1,166
	Land improvements	1,166
	Lease intangibles, net	1,770
	Lease intangibles, net	1,770
	Furniture, fixtures and equipment	2,168
	Furniture, fixtures and equipment	2,168
	Signage, landscaping and misc. site improvements	648
	Signage, landscaping and misc. site improvements	648
	Acquired below-market leases, net	(121		)
	Total identifiable net assets	$	85,836
	Total identifiable net assets	$	85,836

	The following table summarizes the amounts recognized for revenues, acquisition expenses and net loss from the acquisition dates to December 31, 2013 (in millions):


			Wimberly				22 Exchange			Parkside
	Revenue		$	3.2			$	2.4		$	1.2
	Revenue		$	3.2			$	2.4		$	1.2
	Acquisition expenses with unaffiliated third party		1.1				0.6			0.6
	Acquisition expenses with unaffiliated third party		1.1				0.6			0.6
	Net loss		(1.7		)		(1.4		)	(0.8		)

	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 (in thousands, except per share):


			Pro Forma for the Twelve Months Ended December 31, (Unaudited)
			2013				2012
	Revenue		$	46,614			$	42,828
	Revenue		$	46,614			$	42,828
Depreciation and amortization		(17,373		)		(15,267		)
Net income		17,386				2,786
Net income		17,386				2,786
Net income per share		$	0.67			$	0.11
Net income per share		$	0.67			$	0.11

These unaudited 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 a 95% interest in Wimberly, a 322-unit multifamily community in Jacksonville, Florida, from an unaffiliated third party. The purchase price for the property, excluding closing costs, was approximately $35.6 million. In connection with the purchase, 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
On April 16, 2013, we acquired a 90% interest in 22 Exchange, a student housing complex in Akron, Ohio, 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, excluding closing costs, was $21.5 million. In connection with the purchase, we assumed a loan of approximately $10.5 million, excluding a premium of $0.8 million related to the loan. 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 for 22 Exchange and Parkside Apartments, 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 year ended December 31, 2013. A portion of the proceeds from the sale of the asset were used to fully satisfy the existing indebtedness of approximately $11.3 million associated with the buildings.

Original Florida MOB Portfolio
We owned 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 was 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	12 Months Ended
	Dec. 31, 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 December 31, 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 year ended December 31, 2013 was $0.3 million. For the year ended December 31, 2013, we recorded no equity in earnings (losses) related to our investment in Prospect Park.
	The following table sets forth our ownership interest in Prospect Park:



	Property Name	Ownership Interest at December 31, 2013	Carrying Amount at December 31, 2013(1)
	Prospect Park	N/A	$11,985
	______________________________
	(1) During the year ended December 31, 2013, we received distributions (return of capital) of approximately $2.4 million and capitalized $0.8 million of acquisition expense and interest. Approximately $2 million of the $2.4 million of distributions was an interest reserve funded at closing (classified as restricted cash on the consolidated balance sheet). The balance of the interest reserve was $1.2 million at December 31, 2013.

Real_Estate_Loan_Receivable

Real Estate Loan Receivable	12 Months Ended
Real Estate Loan Receivable	Dec. 31, 2013
Receivables [Abstract]	'
Real Estate Loan Receivable	'
	Real Estate Loan Receivable
	PAL Loan
	On August 14, 2009, we entered into a loan agreement with an unaffiliated third party borrower to provide up to $25 million of second lien financing for the privatization of, and improvements to, approximately 3,200 hotel lodging units on ten U.S. Army installations. On August 15, 2011, the debtor associated with the PAL Loan exercised its option to prepay the entire balance of the loan. We had no investments in real estate loans receivable as of December 31, 2013 and 2012.
	During the year ended December 31, 2011, we earned $2.9 million in interest income from the PAL Loan.

Notes_Payable

Notes Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Notes Payable	'
	Notes Payable
	The following table sets forth information on our notes payable as of December 31, 2013 and 2012:


	Description	2013		2012		Interest		Maturity
						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	10,581		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	14,040		14,385		4.90%		1/1/18

	River Club and the Townhomes at River Club	25,010		25,200		5.26%		5/1/18

	Babcock Self Storage	2,182		2,225		5.80%		8/30/18

	Lakes of Margate	14,966		15,182		5.49% and 5.92%		1/1/20

	Arbors Harbor Town	26,000		26,000		3.98%		1/1/19

	Alte Jakobstraße	8,275		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)	11,177		—		5%		6/1/18

		$	212,037	$	183,308

	_____________________________
	(1) 30-day LIBOR was 0.17% at December 31, 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 $0.7 million of unamortized premium related to debt we assumed at acquisition.
	At December 31, 2013, our notes payable balance was $212 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 year ended December 31, 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. See Note 6 for terms of notes payable related to the acquisitions.
	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 Note 16, Discontinued Operations, for further details. Interest capitalized for the years ended December 31, 2013, 2012 and 2011 was $0.3 million, $0.1 million and $0.1 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, including, among other things, maintaining minimum debt service coverage ratios, loan to value ratios and liquidity. As of December 31, 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 December 31, 2013:


	Year	Amount Due
	2014	$	2,086

	2015	58,442

	2016	18,117

	2017	2,723

	2018	49,402

	Thereafter	80,525

Total contractual obligations for principal payments	$	211,295

Unamortized premium	742

Total notes payable	$	212,037

Leasing_Activity

Leasing Activity	12 Months Ended
	Dec. 31, 2013
Leases [Abstract]	'
Leasing Activity	'
	Leasing Activity
	Future minimum base rental payments of our office properties due to us under non-cancelable leases in effect as of December 31, 2013 for our consolidated properties are as follows:


	2014	$	5,582

	2015	4,347

	2016	3,672

	2017	2,293

	2018	1,621

	Thereafter	3,093

	Total	$	20,608

	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.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 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 December 31, 2013, none of our derivative instruments were designated as hedging instruments.
	In October 2010, we entered into an interest rate cap agreement related to the debt on the Courtyard Kauai Coconut Beach Hotel. In December 2012 and February 2013, we entered into new interest rate cap agreements related to the debt on 1875 Lawrence and Wimberly at Deerwood, respectively.
	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 December 31, 2013 and 2012, respectively. During the years ended December 31, 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 December 31, 2013 and 2012, respectively. The reclassification out of OCI for the year ended December 31, 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 Value				Interest Rate /	Index		Maturity
							Strike Rate
	(not designated as hedging instruments)

	Interest rate cap - Courtyard Kauai Coconut Beach Hotel		$	38,000			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 tables below present the fair value of our derivative financial instruments, as well as their classification on the consolidated balance sheets as of December 31, 2013 and 2012, respectively:


			Balance Sheet		Asset Derivatives

	Derivatives designated as hedging instruments:		Location		2013			2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	—		$	13




			Balance Sheet		Asset Derivatives
	Derivatives not designated as hedging instruments:		Location		2013			2012

	Interest rate derivative contracts		Prepaid expenses and other assets		$	174		$	—


	The table below presents the effect of our derivative financial instruments on the consolidated statements of operations for the years ended December 31, 2013 and 2012:


	Derivatives in Cash Flow Hedging Relationships
	Amount of Loss Reclassified from OCI into Income (Effective Portion)

	Year Ended December 31, 2012

	$	(27	)

	Derivatives Not Designated as Hedging Instruments
	Amount of Gain or (Loss)(1)
	Year Ended December 31, 2013
	$	(94	)
	_______________________________
	(1) Amounts included in interest expense. For the year ended December 31, 2013, reclassification out of OCI for $94 thousand 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	12 Months Ended
Commitments and Contingencies	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Income Taxes
	We have maintained and intend to maintain our election as a REIT under the Code. In order for us to continue to qualify as a REIT we must meet a number of organizational and operational requirements, including a requirement to distribute annual dividends to our shareholders equal to a minimum of 90% of our REIT taxable income, computed without regard to the dividends paid deduction and our net capital gains. As a REIT, we generally will not be subject to federal income tax on our taxable income at the corporate level to the extent such income is distributed to our shareholders annually. Any current year taxable income generated by the Company may be offset by carrying forward unused prior year net operating losses ("NOLs"). If our taxable income after application of NOL carryforwards exceeds our dividends in a tax year, REIT tax rules allow us to designate dividends from the subsequent tax year in order to avoid current taxation on undistributed income. If we fail to qualify as a REIT in any taxable year, we will be subject to federal and state income taxes at regular corporate rates, including any applicable alternative minimum tax ("AMT"). In addition, we may not be able to requalify as a REIT for the four subsequent taxable years. Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to applicable federal, state, and local income and margin taxes. Our operating partnerships are flow-through entities and are not subject to federal income taxes at the entity level.
	Historically, we have not generated taxable income nor incurred income taxes. However, for the year ended December 31, 2013 we had federal taxable income of $9.2 million primarily as a result of the disposal of certain assets (see Note 6 Real Estate and Real Estate-Related Investments regarding disposals). The Company has elected to utilize previous NOL carryforwards of $9.2 million to offset such taxable income. After utilization of these NOLs the Company had remaining federal NOL carryovers of $5.2 million at December 31, 2013. The Company has continued to establish a valuation allowance against its deferred tax assets as the utilization of any deferred tax asset is not at a level of more likely than not that they will be realized prior to their expiration. We have accrued current tax expense for federal purposes of $0.2 million associated with estimated federal AMT related to the gains recognized on the sale of our investments during the year.
	We have taxable REIT subsidiaries which are subject to federal and state income taxes. At December 31, 2013, our taxable REIT subsidiaries had NOL carryforwards of approximately $4.4 million which expire in years 2030 to 2033. Because NOL’s are subject to certain change of ownership, continuity of business, and separate return year limitations, and because it is unlikely the available NOL’s will be utilized or because we consider any amounts possibly utilized to be immaterial, no benefits related to these NOL’s have been recognized in our consolidated financial statements. We have no significant temporary differences or tax credits associated with our taxable REIT subsidiaries.
	Taxable income differs from net income for financial reporting purposes principally because of differences in the timing of recognition of depreciation, rental revenue, compensation expense, impairment losses and gain from sales of property. As a result of these differences, the book value of our fixed assets exceeds the tax basis by $2.4 million at December 31, 2013.
	We and our subsidiaries’ income tax returns are subject to examination by federal, state and local tax jurisdictions for years 2010 through 2012. If a return filed was examined and a substantial error was discovered, the Internal Revenue Service has the right to add additional years to their audit, but will not go back more than six years. Net income tax loss carry forwards and other tax attributes generated in years prior to 2010 are also subject to challenge in any examination of those tax years. The Company and its subsidiaries are not under any notice of audit from any taxing authority at year end 2013. 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.
	Operating Leases
	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 five years. On September 20, 2013, we sold the Original Florida MOB Portfolio. As of December 31, 2013, we do not have operating leases. For the years ended December 31, 2013, 2012 and 2011, we incurred $0.2 million, $0.3 million and $0.3 million, respectively, in lease expense related to our ground leases which is included in the results of discontinued operations.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity	'
	Stockholders' Equity
	Capitalization
	As of December 31, 2013, our authorized capital was 350,000,000 shares of common stock, 50,000,000 shares of preferred stock and 1,000 shares of convertible stock. All shares of such stock have a par value of $.0001 per share.
	As of December 31, 2013, we had issued 26.7 million shares of our common stock, including 22,471 shares owned by the Advisor and 2.2 million shares issued through the DRP. As of December 31, 2013, we had redeemed 0.7 million shares of our common stock and had 26 million shares of common stock outstanding. As of December 31, 2013, we had 1,000 shares of convertible stock held by an affiliate of BHH.
	The shares of convertible stock will be converted into shares of common stock automatically if (1) we have made total distributions on then outstanding shares of our common stock equal to the issue price of those shares plus a 10% cumulative, non-compounded, annual return on the issue price ohose outstanding shares, or (2) we list our common stock for trading on a national securities exchange if the sum of the prior distributions on then outstanding shares of the common stock plus the aggregate market value of the common stock (based on the 30-day average closing price) meets the same 10% performance threshold. In general, the convertible stock will convert into shares of common stock with a value equal to the lesser of (A) 20% of the excess of our enterprise value plus the aggregate value of distributions paid to date on then outstanding shares of our common stock over the aggregate issue price of those outstanding shares plus a 10% cumulative, non-compounded, annual return on the issue price of those outstanding shares, or (B) 15% of the excess of our enterprise value plus the aggregate value of distributions paid to date on then outstanding shares of the common stock over the aggregate issue price of those outstanding shares plus a 6% cumulative, non-compounded, annual return on the issue price of those outstanding shares. At the date of issuance of the shares of convertible stock, management determined the fair value under GAAP was less than the nominal value paid for the shares; therefore, the difference is not material.
	The timing of the conversion of any or all of the convertible stock may be deferred by our board of directors if it determines that full conversion may jeopardize our qualification as a REIT. Any such deferral will in no event otherwise alter the terms of the convertible stock, and such stock shall be converted at the earliest date after our board of directors determines that such conversion will not jeopardize our qualification as a REIT. Our board of directors is authorized to amend our charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that we have authority to issue.
	Share Redemption Program
	Our board of directors has adopted a share redemption program that permits stockholders to sell their shares back to us, subject to the significant conditions and limitations of the program. Our board of directors can amend the provisions of our share redemption program at any time without the approval of our stockholders.
	The terms on which we redeem shares may differ between redemptions upon a stockholder's death, "qualifying disability" (as defined in the share redemption program) or confinement to a long-term care facility (collectively, "Exceptional Redemptions") and all other redemptions ("Ordinary Redemptions"). Our board of directors determined to suspend until further notice accepting Ordinary Redemptions effective April 1, 2012.
	On August 7, 2013, in accordance with the terms of the share redemption program, the per share redemption price for redemptions automatically adjusted as a result of the initial determination by our board of directors of the estimated per share value of $10.09. Beginning August 7, 2013, the per share redemption price for Exceptional Redemptions will equal the lesser of 90% of (a) $10.09 and (b) the average price per share that investor paid for all of his shares (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to our common stock) less the Special Distributions (as defined in the share redemption program). Exceptional Redemptions made on or after August 7, 2013 will be made pursuant to the immediately preceding pricing description.
	Notwithstanding the redemption prices set forth above, our board of directors may determine, whether pursuant to formulas or processes approved or set by our board of directors, the redemption price of the shares, which may differ between Ordinary Redemptions and Exceptional Redemptions; provided, however, that we must provide at least 30 days' notice to stockholders before applying this new price determined by our board of directors.
	Any shares approved for redemption will be redeemed on a periodic basis as determined from time to time by our board of directors, and no less frequently than annually. We will not redeem, during any twelve-month period, more than 5% of the weighted average number of shares outstanding during the twelve-month period immediately prior to the date of redemption. In addition, the cash available for redemption in any quarterly period will generally be limited to no more than $250,000, and in no event more than $1,000,000 in any twelve-month period. The redemption limitations apply to all redemptions, whether Ordinary or Exceptional Redemptions.
	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. 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 year ended December 31, 2013. Total distributions paid to stockholders during the year ended December 31, 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. Of the total distributions paid to stockholders in 2012, 75% were funded with proceeds from asset sales and 25% from cash on hand, components of which include borrowings and which may represent a return of capital. 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 outstanding each day during the period. Beginning June 2009 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	12 Months Ended
Related Party Transactions	Dec. 31, 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"), a subsidiary of Behringer, to act as our dealer manager in connection with our 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 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 Offerings for technology costs and expenses associated with our 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 Offering effective March 15, 2012 and the DRP portion of the Follow-On Offering effective April 3, 2012. For the year ended December 31, 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. For the year ended December 31, 2011, Behringer Securities earned selling commissions and dealer manager fees of $1.6 million and $0.6 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 the Offerings. 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 Offerings as determined upon completion of the 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 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 Offerings exceeded 1.5% of the gross proceeds raised in the primary component of the Offerings. Based on the gross proceeds from our 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 was 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 $2.3 million, $0.5 million and $2.3 million for the years ended December 31, 2013, 2012 and 2011, 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 Securities Exchange Commission, 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 years ended December 31, 2013, 2012 and 2011, we incurred acquisition expense reimbursements of $0.2 million, less than $0.1 million, and $0.2 million, respectively.
	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 $0.5 million, $0.3 million, and $0.6 million, for the years ended December 31, 2013, 2012 and 2011, 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 to us. We incurred no such fees for the years ended December 31, 2013, 2012 or 2011.
	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 $0.1 million for the year ended December 31, 2013. We incurred no construction management fees for the years ended December 31, 2012 and 2011.
	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 $0.9 million, $1.2 million, and $0.3 million for the years ended December 31, 2013, 2012 and 2011, 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 years ended December 31, 2013, 2012 and 2011, we expensed $3.4 million, $3 million, and $2.9 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: (i) 2% of our average invested assets, or (ii) 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 years ended December 31, 2013, 2012 and 2011, we incurred and expensed such costs for administrative services totaling $1.8 million, $1.6 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	12 Months Ended
	Dec. 31, 2013
Supplemental Cash Flow Information [Abstract]	'
Supplemental Cash Flow Information	'
	Supplemental Cash Flow Information
	Supplemental cash flow information is summarized below:


		Twelve Months ended December 31,
		2013		2012		2011
	Interest paid, net of amounts capitalized	$	7,765	$	13,049	$	9,175

	Non-cash investing activities and financing activities:
	Capital expenditures for real estate in accounts payable	20		17		2,083

	Capital expenditures for real estate in accrued liabilities	539		864		124

	Receivable from sale of property in unconsolidated joint venture	—		—		109

	Offering costs receivable from related parties	—		—		3,841

	Assumed debt on acquisition of real estate investment	11,306		—		15,401

	Assumed debt on disposition of real estate investment	17,983		—		—

	Common stock issued in distribution reinvestment plan	—		2,790		7,948

	Accrued distributions to noncontrolling interest	20		—		—

	Accrued dividends payable	—		—		1,069

Discontinued_Operations_and_Re

Discontinued Operations and Real Estate Held for Sale	12 Months Ended
	Dec. 31, 2013
Discontinued Operations.	'
Discontinued Operations and Real Estate Held for Sale	'
	Discontinued Operations and Real Estate Held for Sale
	During 2011, we sold one property. In 2012, we sold two investments and one of the four industrial buildings at Interchange Business Center. During 2013, we sold two properties, including the three remaining industrial buildings at Interchange Business Center. The following table summarizes these dispositions:


	Property Name		Date of Disposition		Contract Sales Price
	Archibald Business Center		22-Dec-11		$	15,000

	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 discussed above into discontinued operations in the accompanying consolidated statements of operations.
	The following table summarizes the income from discontinued operations for the years ended December 31, 2013, 2012 and 2011:


		Years ended December 31,
		2013				2012			2011
	Rental revenue	$	8,637			$	17,655		$	23,783

	Expenses
	Property operating expenses	4,141				7,716			9,174

	Interest expense	983				6,824			5,570

	Real estate taxes	597				2,216			3,080

	Property management fees	401				727			850

	Asset management fees	50				185			208

	Depreciation and amortization	2,603				5,442			8,803

	Total expenses	8,775				23,110			27,685


	Interest income, net	4				15			9

	Loss on early extinguishment of debt(1)	(265		)		(1,906		)	(1,005		)
	Gain on sale of real estate property	31,558				29,358			5,674

	Income from discontinued operations	$	31,159			$	22,012		$	776

	______________________________________

	-1	Loss on early extinguishment of debt for the years ended December 31, 2013, 2012 and 2011 were approximately $0.3 million, $1.9 million and $1 million, respectively, and were comprised of the write-off of deferred financing fees of $0.1 million, $1 million and $0.3 million and early termination fees of $0.2 million, $0.9 million and $0.7 million, respectively.

Quarterly_Results_Unaudited

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Results (Unaudited)	'
	Quarterly Results (Unaudited)
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2013 and 2012 ($ in thousands, except per share amounts):


		2013 Quarters Ended
		March 31			June 30			September 30			December 31
	Revenue	$	9,469		$	10,493		$	11,596		$	11,831

	Loss from continuing operations	$	(4,404	)	$	(4,719	)	$	(4,602	)	$	(3,828	)
	Income (loss) from discontinued operations, including gains on dispositions	(110		)	14,292			16,952			25

	Add: Net (income)/loss attributable to the noncontrolling interest	182			(3,559		)	(1,510		)	10

	Net income (loss) attributable to common shareholders	$	(4,332	)	$	6,014		$	10,840		$	(3,793	)

	Basic and diluted weighted average shares outstanding	26,054			26,039			26,032			26,017

	Basic and diluted income (loss) per share	$	(0.17	)	$	0.23		$	0.42		$	(0.14	)




		2012 Quarters Ended
		March 31			June 30			September 30			December 31
	Revenue	$	7,689		$	7,901		$	8,611		$	8,517

	Loss from continuing operations	$	(3,279	)	$	(3,925	)	$	(2,528	)	$	(3,053	)
	Income (loss) from discontinued operations, including gains on dispositions	7,401			(821		)	(865		)	16,297

	Add: Net (income)/loss attributable to the noncontrolling interest	(429		)	386			292			(7,811		)

	Net income (loss) attributable to common shareholders	$	3,693		$	(4,360	)	$	(3,101	)	$	5,433

	Basic and diluted weighted average shares outstanding	25,728			26,089			26,069			26,062

	Basic and diluted income (loss) per share	$	0.14		$	(0.17	)	$	(0.12	)	$	0.21

	Sales of operating properties have been reclassified and reported in discontinued operations for all periods presented.

	*****

Valuation_and_Qualifying_Accou

Valuation and Qualifying Accounts and Reserves Schedule II	12 Months Ended
	Dec. 31, 2013
Valuation and Qualifying Accounts [Abstract]	'
Valuation and Qualifying Accounts and Reserves Schedule II	'
	Behringer Harvard Opportunity REIT II, Inc.
	Valuation and Qualifying Accounts and Reserves
	Schedule II
	December 31, 2013, 2012 and 2011
	(in thousands)



		Balance at		Charged to		Charged to		Deductions		Balance at End
		Beginning of		Costs and		Other Accounts				of Period
		Period		Expenses
	As of December 31, 2013
	Allowance for doubtful accounts	$	44	$	313	$	—	$	311	$	46

	As of December 31, 2012
	Allowance for doubtful accounts	29		391		—		376		44

	As of December 31, 2011
	Allowance for doubtful accounts	22		7		—		—		29

Real_Estate_and_Accumulated_De

Real Estate and Accumulated Depreciation Schedule III	12 Months Ended
	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]	'
Real Estate and Accumulated Depreciation Schedule III	'
	Behringer Harvard Opportunity REIT II, Inc.
	Real Estate and Accumulated Depreciation
	Schedule III
	December 31, 2013
	(in thousands)



								Initial cost
	Property Name	Location		Encumbrances				Land and				Building and			Cost capitalized		Gross amount		Accumulated			Year of	Date	Depreciable
								improvements				improvements			subsequent to		carried at		depreciation			construction	acquired	life
															acquisition		close of period
	1875 Lawrence	Denver, Colorado		$	15,621			$	9,000			$	26,102		$	4,794	$	39,896	$	6,346		1982	10/28/08	-1

	Holstenplatz	Hamburg, Germany		10,581				2,867			-3	9,363		-3	1,262		13,492		1,540		-3	1998	6/30/10	-1

	Gardens Medical Pavilion	Palm Beach Gardens, Florida		14,040				5,675				13,158			3,196		22,029		2,264			1995	10/20/10	-1

	Courtyard Kauai Coconut Beach Hotel	Kauai, Hawaii		38,000				11,801				20,948			10,010		42,759		2,937			1977	10/20/10	-2

	River Club and the Townhomes at River Club	Athens, Georgia		25,010				6,639				24,789			1,466		32,894		3,621			1996 & 1989	4/25/11	-1

	Babcock Self Storage	San Antonio, Texas		2,182				1,047				2,453			56		3,556		267			2000	8/30/11	-1

	Lakes of Margate	Margate, Florida		14,966				9,776				13,061			3,829		26,666		1,751			1987	10/19/11	-1

	Arbors Harbor Town	Memphis, Tennessee		26,000				5,413				24,713			2,532		32,658		2,453			1991	12/20/11	-1

	Alte Jakobstraße	Berlin, Germany		8,275				2,367			-3	8,523		-3	768		11,658		662		-3	1997	4/5/12	-1

	Wimberly at Deerwood	Jacksonville, Florida		26,685				5,473				28,089			920		34,482		1,011			2000	2/19/13	-1

	22 Exchange	Akron, Ohio		19,500				2,380				24,786			249		27,415		670			2010	4/16/13	-1

	Parkside Apartments	Sugarland, Texas		11,177				3,143				18,148			12		21,303		257			1998	8/8/13	-1

	Totals			$	212,037			$	65,581			$	214,133		$	29,094	$	308,808	$	23,779

	__________________

	-1	Buildings are 25 years

	-2	Hotels are 39 years

	-3	Includes gain/(loss) on currency translation.

	A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands):


		2013				2012				2011
	Real Estate:
	Balance at beginning of period	$	294,054			$	317,395			$	254,819

	Acquisitions	82,019				10,890				87,890

	Improvements(1)	8,227				12,365				14,054

	Disposals/written-off	(75		)		—				(29,966		)

	Reclassification(2)	(254		)		(1,406		)		(317		)
	Cost of real estate sold	(75,163		)		(45,190		)		(9,085		)
	Balance at end of the period(3)	$	308,808			$	294,054			$	317,395

Accumulated depreciation:
Balance at beginning of period	$	19,921			$	11,489			$	4,171

Depreciation expense	11,855				11,227				9,232

Disposals/written-off	(7,997		)		(2,795		)		(1,914		)
Balance at end of the period(3)	$	23,779			$	19,921			$	11,489

_______________________________________________________________________________

-1	For the years ended December 31, 2013, 2012 and 2011, includes foreign currency translation gain (loss) of $1 million, $0.3 million and ($0.3) million, respectively.

-2	For the years ended December 31, 2013, 2012 and 2011, includes reclassification from improvements to furniture, fixtures and equipment of $0.3 million, $1.4 million and $0.3 million, respectively.

-3	For the year ended December 31, 2011, excludes Palms of Monterrey which was classified as held for sale in our consolidated balance sheet.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 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 accounting principles generally accepted in the United States of America ("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.
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 December 31, 2013 and 2012.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	We consider investments in highly liquid money market funds or investments with original maturities of three months or less to be cash equivalents. The carrying amount of cash and cash equivalents reported on the balance sheet approximates fair value.
Restricted Cash	'
	Restricted Cash
	As required by our lenders, restricted cash is held in escrow accounts for anticipated capital expenditures, real estate taxes and other reserves for our consolidated properties. Capital reserves are typically utilized for non-operating expenses such as tenant improvements, leasing commissions and major capital expenditures. Alternatively, a lender may require its own formula for an escrow of capital reserves.
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; and 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. These projected cash flows are prepared internally by the Advisor and reflect in place and projected leasing activity, market revenue and expense growth rates, market capitalization rates, discount rates, and changes in economic and other relevant conditions. The Company’s Chief Financial Officer and Chief Accounting Officer review these projected cash flows to assure that the valuation is prepared using reasonable inputs and assumptions that are consistent with market data or with assumptions that would be used by a third-party market participant and assume the highest and best use of the investment. We consider trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. 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. 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 years ended December 31, 2013, 2012 and 2011. 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 7) or a direct investment (consolidated basis of accounting) instead of applying loan accounting. The ADC Arrangement is periodically reassessed to determine the applicable accounting treatment.
Revenue Recognition	'
	Revenue Recognition
	We recognize rental income generated from long-term 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 $0.4 million, $0.3 million and $0.5 million was recognized in rental revenues for the years ended December 31, 2013, 2012 and 2011, respectively, and includes amounts recognized in discontinued operations. Leases associated with our multifamily and student housing assets are generally short-term in nature. Net above market lease amortization of less than $0.1 million was recognized in rental revenues for the year ended December 31, 2013. Net below market lease amortization of $0.2 million and $0.4 million was recognized in rental revenues for the years ended December 31, 2012 and 2011, respectively. These amounts include recognition of above and below market lease amortization in discontinued operations.
	Hotel revenue is derived from the operations of the Courtyard Kauai at Coconut Beach Hotel and consists primarily of guest room, food and beverage, and other ancillary revenues such as long distance telephone service, laundry and parking. Hotel revenue is recognized as the services are rendered.
	We recognized interest income from real estate loans receivable on an accrual basis over the life of the loan using the interest method. Direct loan origination fees and origination or acquisition costs, as well as acquisition premiums or discounts, were amortized over the life of the loan as an adjustment to interest income.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable consist of receivables related to our consolidated properties of $3 million as of December 31, 2013 and 2012 and includes straight-line rental revenue receivables of $1 million and $1.2 million as of December 31, 2013 and 2012, respectively.
Prepaid Expenses and Other Assets	'
	Prepaid Expenses and Other Assets
	Prepaid expenses and other assets of $1.2 million and $1.8 million as of December 31, 2013 and 2012, respectively, include prepaid directors' and officers' insurance, as well as prepaid insurance of our consolidated properties.
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 $4.2 million and $2.3 million as of December 31, 2013 and 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 $1.8 million and $1.4 million as of December 31, 2013 and 2012, respectively.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	Our objective in using derivatives is to add stability to interest expense and to manage our exposure to interest rate movements or other identified risks and to minimize the variability caused by foreign currency translation risk related to our net investment in foreign real estate. To accomplish these objectives, we use various types of derivative instruments to manage fluctuations in cash flows resulting from interest rate risk attributable to changes in the benchmark interest rate of LIBOR. These instruments include LIBOR-based interest rate swaps and caps. For our net investments in foreign real estate, we may use foreign exchange put/call options to eliminate the impact of foreign currency exchange movements on our financial position.
	We measure our derivative instruments and hedging activities at fair value and record them as an asset or liability, depending on our rights or obligations under the applicable derivative contract. Changes in fair value of derivative instruments not designated as hedges are recognized in earnings in the affected period.
	As of December 31, 2013, we do not have any derivatives designated as net investment hedges, fair value hedges or cash flow hedges. No derivatives were being used for trading or speculative purposes. See Notes 4 and 11 for further information regarding our derivative financial instruments.
Organization and Offering Expenses	'
	Organization and Offering Expenses
	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 the Offerings. 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 Offerings as determined upon completion of the 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 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 Offerings exceeded 1.5% of the gross proceeds raised in the primary component of the Offerings. Based on the gross proceeds from our 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 was 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.
	Organization and offering expenses are defined generally as any and all costs and expenses incurred by us in connection with our formation, preparing for the Offerings, the qualification and registration of the Offerings, and the marketing and distribution of our shares. Organization and offering expenses include, but are not limited to, accounting and legal fees; costs to amend the registration statement and supplement the prospectus; printing, mailing and distribution costs; filing fees; amounts to reimburse our Advisor or its affiliates for the salaries of employees; and other costs in connection with preparing supplemental sales literature; telecommunication costs; fees of the transfer agent, registrars, trustees, escrow holders, depositories and experts; and fees and costs for employees of our Advisor or its affiliates to attend industry conferences.
	All offering costs were recorded as an offset to additional paid-in capital, and all organization costs were recorded as an expense at the time we became liable for the payment of these amounts.
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.
Foreign Currency Translation	'
	Foreign Currency Translation
	For our international investments 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 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. As of December 31, 2013, 2012 and 2011, the foreign currency translation adjustment was a gain of $0.3 million, a gain of less than $0.1 million and a loss of less than $0.1 million, respectively.
Other Comprehensive Income (Loss)	'
	Other Comprehensive Income (Loss)
	Items of Other Comprehensive Income (Loss) consist of gains and losses affecting equity that are excluded from net income (loss) under GAAP. The components of OCI consist of cumulative foreign currency translation gains and losses and the unrealized gain on derivative instruments.
Stock-Based Compensation	'
	Stock-Based Compensation
	We have adopted a stock-based incentive award plan for our directors and consultants and for employees, directors and consultants of our affiliates. We have not issued any stock-based awards under the plan as of December 31, 2013.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	At December 31, 2013 and 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.
	Geographic Concentration
	At any one time, a significant portion of our investments could be in one property class or concentrated in one or several geographic regions that are subject to higher risk of foreclosure. To the extent that our portfolio is concentrated in limited geographic regions, types of assets, industries or business sectors, downturns relating generally to such region, type of asset, industry or business sector may result in defaults on a number of our investments within a short time period, which may reduce our net income and the value of our common stock and accordingly limit our ability to fund our operations.
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 years ended December 31, 2013, 2012 and 2011, 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 consolidated statements of operations and comprehensive income, we reclassified $10 million and $7.7 million from property operating expense to hotel operating expense for the years ended December 31, 2012 and 2011, respectively.
Reportable Segments	'
	Reportable Segments
	GAAP establishes standards for reporting financial and descriptive information about an enterprise's reportable segments. We have determined that we have one reportable segment, with activities related to the ownership, development and management of real estate assets. Our chief operating decision maker evaluates operating performance on an individual property level. Therefore, our properties are aggregated into one reportable segment.
Subsequent Events	'
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our consolidated financial statements and noted no subsequent events that would require adjustment to the consolidated financial statements or additional disclosure in the notes to the consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of anticipated amortization expense associated with acquired lease intangibles	'
	Anticipated amortization expense associated with the acquired lease intangibles for each of the following five years ended December 31 is as follows:


	Year	Lease / Other
		Intangibles
	2014	$	470

	2015	126

	2016	110

	2017	59

	2018	23

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:


	December 31, 2013	Buildings and			Land and			Lease			Acquired
		Improvements			Improvements			Intangibles			Below-Market
											Leases
	Cost	$	241,881		$	66,828		$	8,102		$	(768	)

	Less: depreciation and amortization	(22,358		)	(1,421		)	(6,282		)	444

	Net	$	219,523		$	65,407		$	1,820		$	(324	)



	December 31, 2012	Buildings and			Land and			Lease			Acquired
		Improvements			Improvements			Intangibles			Below-Market
											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)	12 Months Ended
	Dec. 31, 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 December 31, 2013 and 2012:


	31-Dec-13	Level 1		Level 2		Level 3		Total
	Assets
	Derivative financial instruments	$	—	$	174	$	—	$	174




	31-Dec-12	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)	12 Months Ended
Real Estate and Real Estate-Related Investments (Tables)	Dec. 31, 2013
Real Estate [Abstract]	'
Schedule of information pertaining to consolidated investments	'
	As of December 31, 2013, we consolidated 12 real estate assets. The following table presents certain information about our consolidated investments as of December 31, 2013:


	Property Name		Location		Date Acquired	Ownership
	Property Name		Location		Date Acquired	Interest
	1875 Lawrence		Denver, CO		October 28, 2008	100	%
	Holstenplatz		Hamburg, Germany		June 30, 2010	100	%
	Gardens Medical Pavilion(1)		Palm Beach Gardens, Florida		October 20, 2010(1)	79.8	%	-1
	Courtyard Kauai Coconut Beach Hotel		Kauai, Hawaii		October 20, 2010	80	%
	River Club and the Townhomes at River Club		Athens, Georgia		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		19-Feb-13	95	%
	22 Exchange		Akron, Ohio		16-Apr-13	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 December 31, 2013, we own approximately 79.8% of the ninth building, Gardens Medical Pavilion.
Schedule of amounts of identified assets acquired at acquisition date	'
	The following table summarizes the amounts of identified assets acquired and liabilities assumed at the acquisition dates:



		Total
		Acquisitions
	Buildings	$	71,023
	Buildings	$	71,023
	Land	9,182
	Land	9,182
	Land improvements	1,166
	Land improvements	1,166
	Lease intangibles, net	1,770
	Lease intangibles, net	1,770
	Furniture, fixtures and equipment	2,168
	Furniture, fixtures and equipment	2,168
	Signage, landscaping and misc. site improvements	648
	Signage, landscaping and misc. site improvements	648
	Acquired below-market leases, net	(121		)
	Total identifiable net assets	$	85,836
	Total identifiable net assets	$	85,836
Schedule of 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 December 31, 2013 (in millions):


			Wimberly			22 Exchange			Parkside
	Revenue		$	3.2		$	2.4		$	1.2
	Revenue		$	3.2		$	2.4		$	1.2
	Acquisition expenses with unaffiliated third party		1.1			0.6			0.6
	Acquisition expenses with unaffiliated third party		1.1			0.6			0.6
	Net loss		(1.7		)	(1.4		)	(0.8		)
Schedule of unaudited pro forma	'
	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 (in thousands, except per share):


			Pro Forma for the Twelve Months Ended December 31, (Unaudited)
			2013			2012
	Revenue		$	46,614		$	42,828
	Revenue		$	46,614		$	42,828
	Depreciation and amortization		(17,373		)	(15,267		)
	Net income		17,386			2,786
	Net income		17,386			2,786
	Net income per share		$	0.67		$	0.11
	Net income per share		$	0.67		$	0.11

Investment_in_Unconsolidated_J1

Investment in Unconsolidated Joint Venture (Tables)	12 Months Ended
	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Ownership in Joint Venture	'
	The following table sets forth our ownership interest in Prospect Park:



	Property Name	Ownership Interest at December 31, 2013	Carrying Amount at December 31, 2013(1)
	Prospect Park	N/A	$11,985
	______________________________
	(1) During the year ended December 31, 2013, we received distributions (return of capital) of approximately $2.4 million and capitalized $0.8 million of acquisition expense and interest. Approximately $2 million of the $2.4 million of distributions was an interest reserve funded at closing (classified as restricted cash on the consolidated balance sheet). The balance of the interest reserve was $1.2 million at December 31, 2013.

Notes_Payable_Tables

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of information on notes payable	'
	The following table sets forth information on our notes payable as of December 31, 2013 and 2012:


	Description	2013		2012		Interest		Maturity
						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	10,581		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	14,040		14,385		4.90%		1/1/18

	River Club and the Townhomes at River Club	25,010		25,200		5.26%		5/1/18

	Babcock Self Storage	2,182		2,225		5.80%		8/30/18

	Lakes of Margate	14,966		15,182		5.49% and 5.92%		1/1/20

	Arbors Harbor Town	26,000		26,000		3.98%		1/1/19

	Alte Jakobstraße	8,275		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)	11,177		—		5%		6/1/18

		$	212,037	$	183,308

	_____________________________
	(1) 30-day LIBOR was 0.17% at December 31, 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 $0.7 million of unamortized premium related to debt we assumed at acquisition.
Contractual obligations for principal payments	'
	The following table summarizes our contractual obligations for principal payments as of December 31, 2013:


	Year	Amount Due
	2014	$	2,086

	2015	58,442

	2016	18,117

	2017	2,723

	2018	49,402

	Thereafter	80,525

	Total contractual obligations for principal payments	$	211,295

	Unamortized premium	742

	Total notes payable	$	212,037

Leasing_Activity_Tables

Leasing Activity (Tables)	12 Months Ended
	Dec. 31, 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 properties due to us under non-cancelable leases in effect as of December 31, 2013 for our consolidated properties are as follows:


	2014	$	5,582

	2015	4,347

	2016	3,672

	2017	2,293

	2018	1,621

	Thereafter	3,093

	Total	$	20,608

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Summary of notional value of 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 Value				Interest Rate /	Index		Maturity
							Strike Rate
	(not designated as hedging instruments)

	Interest rate cap - Courtyard Kauai Coconut Beach Hotel		$	38,000			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 tables below present the fair value of our derivative financial instruments, as well as their classification on the consolidated balance sheets as of December 31, 2013 and 2012, respectively:


			Balance Sheet		Asset Derivatives

	Derivatives designated as hedging instruments:		Location		2013			2012
	Interest rate derivative contracts		Prepaid expenses and other assets		$	—		$	13




			Balance Sheet		Asset Derivatives
	Derivatives not designated as hedging instruments:		Location		2013			2012

	Interest rate derivative contracts		Prepaid expenses and other assets		$	174		$	—

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 years ended December 31, 2013 and 2012:


	Derivatives in Cash Flow Hedging Relationships
	Amount of Loss Reclassified from OCI into Income (Effective Portion)

	Year Ended December 31, 2012

	$	(27	)

	Derivatives Not Designated as Hedging Instruments
	Amount of Gain or (Loss)(1)
	Year Ended December 31, 2013
	$	(94	)
	_______________________________
	(1) Amounts included in interest expense. For the year ended December 31, 2013, reclassification out of OCI for $94 thousand 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)	12 Months Ended
	Dec. 31, 2013
Supplemental Cash Flow Information [Abstract]	'
Schedule of supplemental cash flow information	'
	Supplemental cash flow information is summarized below:


		Twelve Months ended December 31,
		2013		2012		2011
	Interest paid, net of amounts capitalized	$	7,765	$	13,049	$	9,175

	Non-cash investing activities and financing activities:
	Capital expenditures for real estate in accounts payable	20		17		2,083

	Capital expenditures for real estate in accrued liabilities	539		864		124

	Receivable from sale of property in unconsolidated joint venture	—		—		109

	Offering costs receivable from related parties	—		—		3,841

	Assumed debt on acquisition of real estate investment	11,306		—		15,401

	Assumed debt on disposition of real estate investment	17,983		—		—

	Common stock issued in distribution reinvestment plan	—		2,790		7,948

	Accrued distributions to noncontrolling interest	20		—		—

	Accrued dividends payable	—		—		1,069

Discontinued_Operations_and_Re1

Discontinued Operations and Real Estate Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operations.	'
Schedule of Real Estate Dispositions, Contract Sale Price	'
	The following table summarizes these dispositions:


	Property Name		Date of Disposition		Contract Sales Price
	Archibald Business Center		22-Dec-11		$	15,000

	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.
Schedule of discontinued operations in consolidated statements of operations	'
	The following table summarizes the income from discontinued operations for the years ended December 31, 2013, 2012 and 2011:


		Years ended December 31,
		2013				2012			2011
	Rental revenue	$	8,637			$	17,655		$	23,783

	Expenses
	Property operating expenses	4,141				7,716			9,174

	Interest expense	983				6,824			5,570

	Real estate taxes	597				2,216			3,080

	Property management fees	401				727			850

	Asset management fees	50				185			208

	Depreciation and amortization	2,603				5,442			8,803

	Total expenses	8,775				23,110			27,685


	Interest income, net	4				15			9

	Loss on early extinguishment of debt(1)	(265		)		(1,906		)	(1,005		)
	Gain on sale of real estate property	31,558				29,358			5,674

	Income from discontinued operations	$	31,159			$	22,012		$	776

	______________________________________

	-1	Loss on early extinguishment of debt for the years ended December 31, 2013, 2012 and 2011 were approximately $0.3 million, $1.9 million and $1 million, respectively, and were comprised of the write-off of deferred financing fees of $0.1 million, $1 million and $0.3 million and early termination fees of $0.2 million, $0.9 million and $0.7 million, respectively.

Quarterly_Results_Unaudited_Ta

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Summary of the unaudited quarterly financial information	'
	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2013 and 2012 ($ in thousands, except per share amounts):


		2013 Quarters Ended
		March 31			June 30			September 30			December 31
	Revenue	$	9,469		$	10,493		$	11,596		$	11,831

	Loss from continuing operations	$	(4,404	)	$	(4,719	)	$	(4,602	)	$	(3,828	)
	Income (loss) from discontinued operations, including gains on dispositions	(110		)	14,292			16,952			25

	Add: Net (income)/loss attributable to the noncontrolling interest	182			(3,559		)	(1,510		)	10

	Net income (loss) attributable to common shareholders	$	(4,332	)	$	6,014		$	10,840		$	(3,793	)

	Basic and diluted weighted average shares outstanding	26,054			26,039			26,032			26,017

	Basic and diluted income (loss) per share	$	(0.17	)	$	0.23		$	0.42		$	(0.14	)




		2012 Quarters Ended
		March 31			June 30			September 30			December 31
	Revenue	$	7,689		$	7,901		$	8,611		$	8,517

	Loss from continuing operations	$	(3,279	)	$	(3,925	)	$	(2,528	)	$	(3,053	)
	Income (loss) from discontinued operations, including gains on dispositions	7,401			(821		)	(865		)	16,297

	Add: Net (income)/loss attributable to the noncontrolling interest	(429		)	386			292			(7,811		)

	Net income (loss) attributable to common shareholders	$	3,693		$	(4,360	)	$	(3,101	)	$	5,433

	Basic and diluted weighted average shares outstanding	25,728			26,089			26,069			26,062

	Basic and diluted income (loss) per share	$	0.14		$	(0.17	)	$	(0.12	)	$	0.21

Business_and_Organization_Deta

Business and Organization (Details) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

71 Months Ended

83 Months Ended

0 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Jan. 21, 2008

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jan. 21, 2008

Dec. 31, 2013

Jul. 05, 2011

Dec. 31, 2013

Jan. 19, 2007

Dec. 31, 2013

real_estate_investment

Minimum

Maximum

Behringer Harvard Holdings

Behringer Harvard Opportunity Advisors II, LLC

Initial Offering

Follow-On Offering

Initial Capitalization

Consolidated

Wholly owned

Partially owned (joint venture)

Behringer Harvard Holdings

real_estate_investment

Consolidated

real_estate_investment

Organization

Number of real estate investments

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 for sale to public (in shares)

125,000,000

26,700,000

Common stock being offered pursuant to reinvestment plan

25,000,000

Common stock for sale to public (in shares)

75,000,000

Gross offering proceeds

$8,347

$32,987

$265,300

Common stock, shares outstanding

26,015,980

26,060,612

22,471

26,000,000

22,471

Common stock, shares issued

26,015,980

26,060,612

26,700,000

22,471

Convertible stock issued (in shares)

1,000

Common stock issued pursuant to reinvestment plan

2,200,000

Common stock redeemed (in shares)

700,000

Convertible stock outstanding

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 $)	1 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
		derivative
		segment
		item
Real Estate	'	'	'	'	'
Period for change in initial valuations from acquisition date	'	'12 months	'	'	'
Real estate	'	'	'	'	'
Total real estate	'	$285,029,000	$274,133,000	'	'
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Net	'	1,820,000	5,370,000	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Accumulated depreciation associated with furniture, fixtures, and equipment	'	23,779,000	19,921,000	11,489,000	4,171,000
Anticipated amortization expense associated with acquired lease intangibles	'	'	'	'	'
2014	'	470,000	'	'	'
2015	'	126,000	'	'	'
2016	'	110,000	'	'	'
2017	'	59,000	'	'	'
2018	'	23,000	'	'	'
Real Estate Held for Sale	'	'	'	'	'
Number of real estate properties held for sale	'	0	'	'	'
Investment Impairment	'	'	'	'	'
Impairment charges	'	0	0	0	'
Revenue Recognition	'	'	'	'	'
Straight-line rental revenue	'	400,000	300,000	500,000	'
Amortization of above and below market leases	'	100,000	200,000	400,000	'
Accounts Receivable	'	'	'	'	'
Straight-line rental revenue	'	1,000,000	1,200,000	'	'
Prepaid Expense and Other Assets	'	'	'	'	'
Prepaid expenses and other assets	'	1,196,000	1,781,000	'	'
Deferred Financing Fees	'	'	'	'	'
Accumulated amortization, deferred financing fees	'	1,800,000	1,400,000	'	'
Derivative Financial Instruments	'	'	'	'	'
Number of derivatives used for trading or speculative purposes	'	0	'	'	'
Organization and Offering Expenses	'	'	'	'	'
Reimbursement of organization and offering expenses as a percentage of gross proceeds raised in primary component of offerings	'	1.50%	'	'	'
Receivable due from related party	'	'	3,800,000	'	'
Organization and offering expense receivables net of other payables	'	3,800,000	'	'	'
Other payables to related parties	'	500,000	'	'	'
Payments received from related party	3,800,000	'	'	'	'
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 (less than $0.1 million)	'	300,000	100,000	-100,000	'
Net income (loss) per share attributable to common shareholders	'	'	'	'	'
Number of potentially dilutive securities outstanding	'	0	0	0	'
Reclassification [Abstract]	'	'	'	'	'
Reclassification from property operating expense to hotel operating expense	'	'	10,000,000	7,700,000	'
Reporting Segments	'	'	'	'	'
Number of reportable segments	'	1	'	'	'
Consolidated Properties [Member]	'	'	'	'	'
Real Estate	'	'	'	'	'
Accounts Receivable, Net, Current	'	3,000,000	'	'	'
Advisor	'	'	'	'	'
Organization and Offering Expenses	'	'	'	'	'
Organization and offering expense receivables net of other payables	'	3,800,000	'	'	'
Other payables to related parties	'	'	500,000	'	'
Lease Intangibles	'	'	'	'	'
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Cost	'	8,102,000	14,041,000	'	'
Less: depreciation and amortization	'	-6,282,000	-8,671,000	'	'
Net	'	1,820,000	5,370,000	'	'
Acquired Below-Market Leases	'	'	'	'	'
Accumulated depreciation and amortization related to consolidated investments in real estate intangibles	'	'	'	'	'
Cost	'	-768,000	-2,196,000	'	'
Less: depreciation and amortization	'	444,000	1,292,000	'	'
Net	'	-324,000	-904,000	'	'
Buildings and Improvements	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'25 years	'	'	'
Real estate	'	'	'	'	'
Cost	'	241,881,000	217,343,000	'	'
Less: depreciation and amortization	'	-22,358,000	-17,428,000	'	'
Total real estate	'	219,523,000	199,915,000	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Estimated useful lives	'	'25 years	'	'	'
Land and Improvements	'	'	'	'	'
Real estate	'	'	'	'	'
Cost	'	66,828,000	75,873,000	'	'
Less: depreciation and amortization	'	-1,421,000	-2,493,000	'	'
Total real estate	'	65,407,000	73,380,000	'	'
Furniture, Fixtures and Equipment	'	'	'	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Accumulated depreciation associated with furniture, fixtures, and equipment	'	$4,200,000	$2,300,000	'	'
Furniture, Fixtures and Equipment \| Maximum	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'7 years	'	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Estimated useful lives	'	'7 years	'	'	'
Furniture, Fixtures and Equipment \| Minimum	'	'	'	'	'
Real Estate	'	'	'	'	'
Estimated useful lives	'	'5 years	'	'	'
Furniture, Fixtures, and Equipment	'	'	'	'	'
Estimated useful lives	'	'5 years	'	'	'

Assets_and_Liabilities_Measure2

Assets and Liabilities Measured at Fair Value (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Assets	'	'
Derivative financial instruments	$200	$100
Recurring	'	'
Assets	'	'
Derivative financial instruments	174	13
Recurring \| Level 2	'	'
Assets	'	'
Derivative financial instruments	$174	$13

Financial_Instruments_not_Repo1

Financial Instruments not Reported at Fair Value (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'
Notes payable	$212,037,000	$183,308,000
Fair value of notes payable	$207,800,000	$179,400,000

Real_Estate_and_Real_EstateRel2

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

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Sep. 20, 2013

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Feb. 19, 2013

Dec. 31, 2013

Apr. 16, 2013

Dec. 31, 2013

Aug. 08, 2013

Dec. 31, 2013

Oct. 20, 2010

Dec. 31, 2013

Apr. 12, 2013

Oct. 18, 2012

Dec. 31, 2013

Sep. 20, 2013

Dec. 31, 2013

real_estate_investment

building

1875 Lawrence

Holstenplatz

Gardens Medical Pavilion

Wimberly at Deerwood

Courtyard Kauai Coconut Beach Hotel

River Club and the Townhomes at River Club

Babcock Self Storage

Lakes of Margate

Arbors Harbor Town

Alte Jakobstrabe

22 Exchange

Parkside Apartments

Florida MOB Portfolio

Wimberly, 22 Exchange

22 Exchange and Wimberly at Deerwood

Interchange Business Center

Florida MOB Joint Venture

building

unit

building

90% ownership interest

building

Real Estate and Real Estate-Related Investments

Number of real estate assets consolidated

Ownership Interest (as a percent)

100.00%

79.80%

95.00%

80.00%

85.00%

92.50%

94.00%

99.70%

90.00%

Number of properties

Ownership interest through joint venture (as a percent)

79.80%

Number of acquisitions

Purchase price, excluding closing costs

$35,600,000

$28,100,000

$21,500,000

$85,200,000

Debt financing, real estate acquisition

46,200,000

Loan assumed, real estate acquisition

10,500,000

Debt premium associated with real estate loans

800,000

Amounts of identified assets acquired at acquisition date

Buildings

71,023,000

Land

9,182,000

Land improvements

1,166,000

Intangibles

1,770,000

Furniture, fixtures and equipment

2,168,000

Signage, landscaping and misc. site improvements

648,000

Acquired below-market leases, net

-121,000

Total identifiable net assets

85,836,000

Amounts recognized for revenues, acquisition expenses and net loss

Revenue

11,831,000

11,596,000

10,493,000

9,469,000

8,517,000

8,611,000

7,901,000

7,689,000

43,389,000

32,718,000

21,822,000

2,400,000

1,200,000

3,200,000

Acquisition expenses with unaffiliated third party

600,000

1,100,000

Net loss

13,606,000

9,227,000

-8,633,000

-1,400,000

-800,000

-1,700,000

Pro forma information

Revenue

46,614,000

42,828,000

Depreciation and amortization

-17,373,000

-15,267,000

Net Income

17,386,000

2,786,000

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

$0.67

$0.11

Number of units

322

240

Amount of loan entered in connection with acquisition

26,700,000

19,500,000

Variable interest rate (as a percent)

5.35%

2.28%

0.95%

5.00%

Variable rate basis, description

'30-day LIBOR

Period of interest only payments

'24 months

Fixed annual rate of interest (as a percent)

3.93%

5.00%

Period for which fixed annual rate of interest is applied

'36 months

Loans assumed

10,500,000

Option to extend debt agreement, term

'5 years

Number of industrial buildings sold

Number of industrial buildings

Proceeds from sale of discontinued operations

83,506,000

101,654,000

14,487,000

40,400,000

7,500,000

63,000,000

Gain on sale of discontinued operations, real estate

31,558,000

29,358,000

5,673,000

14,500,000

17,100,000

Loss on early extinguishment of debt

-265,000

-1,905,000

-1,005,000

300,000

Notes payable for assets held for sale

11,300,000

Ownership percentage by noncontrolling owners

10.00%

Mortgage loan related to property sale

$18,000,000

Investment_in_Unconsolidated_J2

Investment in Unconsolidated Joint Venture (Details) (USD $)	12 Months Ended			0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	24-May-13	Dec. 31, 2013
				Prospect Park [Member]	Prospect Park [Member]
				extension_option
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Mezzanine financing to unaffiliated third party Entity	'	'	'	$13,700,000	'
Amount of senior construction loan taken by unconsolidated joint venture	'	'	'	35,600,000	'
Annual interest rate for first three years of mezzanine loan (percent)	'	'	'	10.00%	'
Period for which annual interest rate will be 10% of mezzanine loan	'	'	'	'3 years	'
Number of extensions of term of mezzanine loan at option of borrower	'	'	'	2	'
Extension term, mezzanine loan at option of borrower	'	'	'	'1 year	'
Annual interest rate after two extensions of mezzanine loan	'	'	'	14.00%	'
Mezzanine loan, outstanding balance	'	'	'	'	13,700,000
Capitalized acquisition-related costs and fees	'	'	'	'	400,000
Capitalized interest costs	300,000	100,000	100,000	'	300,000
Carrying Amount, joint venture	'	'	'	'	11,985,000
Proceeds from distributions received	'	'	'	'	2,400,000
Capitalized acquisition costs and interest costs	'	'	'	'	800,000
Restricted cash	5,343,000	3,491,000	'	'	2,000,000
Interest reserve	'	'	'	'	$1,200,000

Real_Estate_Loan_Receivable_De

Real Estate Loan Receivable (Details) (PAL Loan, USD $)	12 Months Ended
Real Estate Loan Receivable (Details) (PAL Loan, USD $)	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Aug. 14, 2009
Real estate loan receivable	'	'	'	'
Loan agreement entered for providing second lien financing	'	'	'	$25,000,000
Investments in real estate loans receivable	'	0	0	'
Interest income	$2,900,000	'	'	'
Hotel lodging units	'	'	'	'
Real estate loan receivable	'	'	'	'
Number of units	'	'	'	3,200
U.S. Army installations	'	'	'	'
Real estate loan receivable	'	'	'	'
Number of properties	'	'	'	10

Notes_Payable_Details

Notes Payable (Details) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Sep. 20, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Apr. 12, 2013

Oct. 18, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 19, 2013

Dec. 31, 2013

Dec. 31, 2012

Apr. 16, 2013

Dec. 31, 2013

Dec. 31, 2012

Aug. 08, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 20, 2013

building

1875 Lawrence

Interchange Business Center

Holstenplatz

Courtyard Kauai at Coconut Beach Hotel

Florida MOB Portfolio - Palmetto Building

Florida MOB Portfolio - Victor Farris Building

Florida MOB Portfolio - Gardens Medical Pavilion

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

Babcock Self Storage

Lakes of Margate

Arbors Harbor Town

Alte Jakobstrabe

Wimberly at Deerwood

22 Exchange

Parkside

Original Florida MOB Portfolio

building

Notes Payable

Notes payable

$212,037,000

$183,308,000

$15,621,000

$15,500,000

$9,882,000

$10,581,000

$10,375,000

$38,000,000

$6,077,000

$12,249,000

$14,040,000

$14,385,000

$25,010,000

$25,200,000

$2,182,000

$2,225,000

$14,966,000

$15,182,000

$26,000,000

$8,275,000

$8,233,000

$26,685,000

$19,500,000

$11,177,000

Variable rate basis, description

'30-day LIBOR

Variable interest rate (as a percent)

5.35%

5.00%

0.95%

2.28%

Variable rate (as a percent)

0.17%

Interest rate (as a percent)

3.89%

4.55%

4.90%

5.26%

5.80%

3.99%

2.30%

3.93%

5.00%

Minimum interest rate (as a percent)

5.49%

Maximum interest rate (as a percent)

5.92%

Maximum borrowing capacity

20,100,000

Minimum reference rate (as a percent)

2.50%

Number of industrial buildings sold

Proceeds from sale of discontinued operations

83,506,000

101,654,000

14,487,000

40,400,000

7,500,000

63,000,000

Mortgage loan related to property sale

18,000,000

Unamortized premium

742,000

700,000

Remaining advance

26,700,000

19,500,000

Loans assumed

10,500,000

Number of industrial buildings

Notes payable for assets held for sale

11,300,000

Capitalized interest costs

$300,000

$100,000

Notes_Payable_Details_2

Notes Payable (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Contractual obligations for principal payments	'	'
2014	$2,086	'
2015	58,442	'
2016	18,117	'
2017	2,723	'
2018	49,402	'
Thereafter	80,525	'
Total contractual obligations for principal payments	211,295	'
Unamortized premium	742	'
Total notes payable	$212,037	$183,308

Leasing_Activity_Details

Leasing Activity (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Future minimum base rental payments due to entity under non-cancelable leases	'
2014	$5,582
2015	4,347
2016	3,672
2017	2,293
2018	1,621
Thereafter	3,093
Total	$20,608
Maximum lease term	'1 year

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Feb. 19, 2013

Dec. 31, 2013

Designated as hedging instrument

Not designated as hedging instrument

Courtyard Kauai at Coconut Beach Hotel

1875 Lawrence

Wimberly

Interest expense

Interest rate contract

Not designated as hedging instrument

Prepaid expenses and other assets

Interest rate cap

Derivative Instruments and Hedging Activities

Derivative assets (less than)

$200,000

$100,000

Reclassification of unrealized loss to interest expense

-100,000

Unrealized gain reclassed to other comprehensive income (loss)

100,000

Notional Value

38,000,000

20,100,000

26,685,000

Interest Rate/ Strike Rate (as a percent)

6.00%

2.75%

4.56%

Variable rate basis, description

'30-day LIBOR

Interest rate derivative contract, fair value

13,000

Interest rate derivative contract, fair value

174,000

Amount of Loss Reclassified from OCI into Income (Effective Portion)

-27,000

Amount of Gain or (Loss)

-94,000

Reclassification from other comprehensive income to interest expense

$94,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	building	Dec. 31, 2012	Dec. 31, 2011
Loss Contingencies [Line Items]	'	'	'
Federal taxable income	$9,200,000	'	'
Net operating loss carryforwards	5,200,000	'	'
Accrued current tax expense	183,000	0	'
Amount book value exceeds tax basis	2,400,000	'	'
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	200,000	300,000	300,000
Taxable REIT subsidiaries	'	'	'
Loss Contingencies [Line Items]	'	'	'
Net operating loss carryforwards	4,400,000	'	'
Offset against taxable income	'	'	'
Loss Contingencies [Line Items]	'	'	'
Net operating loss carryforwards	9,200,000	'	'
Estimated federal AMT	'	'	'
Loss Contingencies [Line Items]	'	'	'
Accrued current tax expense	$200,000	'	'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	0 Months Ended	12 Months Ended		34 Months Ended
Stockholders' Equity (Details) (USD $)	Mar. 20, 2012	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Aug. 07, 2013
Stockholders' Equity	'	'	'	'	'
Common stock, shares authorized	'	350,000,000	350,000,000	'	'
Preferred stock, shares authorized	'	50,000,000	50,000,000	'	'
Convertible stock, shares authorized	'	1,000	1,000	'	'
Common stock, par value (in dollars per share)	'	$0.00	$0.00	'	'
Convertible stock, par value (in dollars per share)	'	$0.00	$0.00	'	'
Number of shares of common stock issued	'	26,700,000	'	'	'
Common stock, shares outstanding	'	26,015,980	26,060,612	'	'
Shares issued through distribution reinvestment	'	2,200,000	'	'	'
Common stock redeemed (in shares)	'	700,000	'	'	'
Convertible stock, shares outstanding	'	1,000	1,000	'	'
Share price, estimated fair value	'	'	'	'	$10.09
Share redemption program, redemption price, percentage of share price, per share	'	'	'	'	90.00%
Share redemption program, annual limitation, percentage of weighted average shares outstanding	'	5.00%	'	'	'
Share repurchase program, cash available for redemption	'	$1,000,000	'	'	'
Special distributions declared on common stock, per share	$0.50	'	'	'	'
Cash distribution, paid	'	'	17,300,000	'	'
Special cash distribution, paid	'	'	13,000,000	'	'
Regular cash distribution, paid	'	'	4,300,000	'	'
Cash distribution, dividend reinvestment plan	'	'	2,800,000	'	'
Declared daily distribution rate of common stock	'	'	'	$0.00	'
Annualized distribution rate	'	'	'	5.00%	'
Share price	'	'	'	$10	'
Funded by asset sales	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Stockholder distributions, funding source percentage	'	'	75.00%	'	'
Funded from cash on hand	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Stockholder distributions, funding source percentage	'	'	25.00%	'	'
Minimum	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Stock repurchase program period of notice to be provided to stockholders for application of new redemption price	'	'30 days	'	'	'
Maximum	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Share repurchase program, cash available for redemption	'	$250,000	'	'	'
Convertible Stock	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Convertible stock, par value (in dollars per share)	'	$0.00	'	'	'
Cumulative, non-compounded, annual return on the issue price of outstanding shares added to total distributions on shares outstanding for determination of automatic conversion of convertible stock (as a percent)	'	10.00%	'	'	'
Average period considered for determination of aggregate market value of common stock	'	'30 days	'	'	'
Percentage of excess of enterprise value plus the aggregate value of distributions paid to date on then outstanding shares of common stock over aggregate issue price of outstanding shares, alternative one	'	20.00%	'	'	'
Cumulative, non-compounded, annual return on issue price added to certain specified amount for determination of conversion value of convertible stock, alternative one (as a percent)	'	10.00%	'	'	'
Percentage of excess of enterprise value plus the aggregate value of distributions paid to date on then outstanding shares of common stock over aggregate issue price of outstanding shares, alternative two	'	15.00%	'	'	'
Cumulative, non-compounded, annual return on issue price added to certain specified amount for determination of conversion value of convertible stock, alternative two (as a percent)	'	6.00%	'	'	'
Affiliated entity	'	'	'	'	'
Stockholders' Equity	'	'	'	'	'
Common stock, shares outstanding	'	22,471	'	'	'
Convertible stock, shares outstanding	'	1,000	'	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	1 Months Ended	12 Months Ended
Related Party Transactions (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related party transaction	'	'	'	'
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	'	'
Proceeds from Collection of Related Party Receivable	3,800,000	'	'	'
Asset management fees incurred	'	3,478,000	3,097,000	2,789,000
Behringer Securities LP	'	'	'	'
Related party transaction	'	'	'	'
Reallowance of selling commissions earned to participating broker Dealers (as a percent)	'	100.00%	'	'
Payment of selling commissions, dealer manager fees or organization and offering expenses for sales under the DRP	'	0	'	'
Reduction in selling commissions included in additional paid-in capital	'	'	400,000	1,600,000
Reduction in dealer manager fees included in additional paid-in capital	'	'	200,000	600,000
Behringer Securities LP \| Maximum	'	'	'	'
Related party transaction	'	'	'	'
Commissions as percentage of gross offering proceeds	'	7.00%	'	'
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%	'	'
Advisor	'	'	'	'
Related party transaction	'	'	'	'
Organization and offering expenses, receivable	'	3,800,000	'	'
Other payables to related parties	'	'	500,000	'
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	'	2,300,000	500,000	2,300,000
Percentage of reimbursement of acquisition expense	'	0.25%	'	'
Reimbursement of acquisition expense	'	'	'	200,000
Percentage of debt financing fee payable under loan or line of credit	'	1.00%	'	'
Debt financing fee payable under loan or line of credit	'	500,000	300,000	600,000
Development fee paid to advisor or its affiliates	'	0	0	0
Construction management fees, percentage	'	5.00%	'	'
Construction management fees	'	100,000	0	0
Asset management fees incurred	'	3,400,000	3,000,000	2,900,000
Administrative services cost incurred and expensed	'	1,800,000	1,600,000	1,100,000
Advisor \| Maximum	'	'	'	'
Related party transaction	'	'	'	'
Percentage of gross proceeds raised for remittance to Advisor for organization and offering expenses	'	1.50%	'	'
Reimbursement of acquisition expense	'	200,000	100,000	'
Behringer Harvard Opportunity II Management Services, LLC	'	'	'	'
Related party transaction	'	'	'	'
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	'	$900,000	$1,200,000	$300,000
Behringer Harvard Opportunity II Management Services, LLC \| Minimum	'	'	'	'
Related party transaction	'	'	'	'
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%	'	'

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental Cash Flow Information [Abstract]	'	'	'
Interest paid, net of amounts capitalized	$7,765	$13,049	$9,175
Non-cash investing activities and financing activities:	'	'	'
Capital expenditures for real estate in accounts payable	20	17	2,083
Capital expenditures for real estate in accrued liabilities	539	864	124
Receivable from sale of property in unconsolidated joint venture	0	0	109
Offering costs receivable from related parties	0	0	3,841
Assumed debt on acquisition of real estate investment	11,306	0	15,401
Assumed debt on disposition of real estate investment	17,983	0	0
Common stock issued in distribution reinvestment plan	0	2,790	7,948
Accrued distributions to noncontrolling interest	20	0	0
Accrued dividends payable	$0	$0	$1,069

Discontinued_Operations_and_Re2

Discontinued Operations and Real Estate Held for Sale (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 22, 2011

Jan. 05, 2012

Oct. 31, 2013

Apr. 12, 2013

Oct. 18, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 18, 2013

Sep. 20, 2013

Dec. 31, 2013

building

Archibald Business Center

Palms of Monterrey

Parrot's Landing

Interchange Business Center

Original Florida MOB Portfolio

Gardens Medical Pavilion

building

Discontinued Operations

Sale price of discontinued operation

$15,000,000

$39,300,000

$56,300,000

$40,400,000

$7,500,000

$63,000,000

Number of industrial buildings sold

Number of industrial buildings

Ownership interest through joint venture (as a percent)

79.80%

Rental revenue

8,637,000

17,655,000

23,783,000

Expenses:

Property operating expenses

4,141,000

7,716,000

9,174,000

Interest expense

983,000

6,824,000

5,570,000

Real estate taxes

597,000

2,216,000

3,080,000

Property management fees

401,000

727,000

850,000

Asset management fees

50,000

185,000

208,000

Depreciation and amortization

2,603,000

5,442,000

8,803,000

Total expenses

8,775,000

23,110,000

27,685,000

Interest income, net

4,000

15,000

9,000

Loss on early extinguishment of debt

-265,000

-1,906,000

-1,005,000

Gain on sale of real estate property

31,558,000

29,358,000

5,674,000

Income from discontinued operations

25,000

16,952,000

14,292,000

-110,000

16,297,000

-865,000

-821,000

7,401,000

31,159,000

22,012,000

776,000

Write-off of deferred financing fees

100,000

1,000,000

300,000

Early termination fees

$200,000

$900,000

$700,000

Quarterly_Results_Unaudited_De

Quarterly Results (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Revenue	$11,831	$11,596	$10,493	$9,469	$8,517	$8,611	$7,901	$7,689	$43,389	$32,718	$21,822
Loss from continuing operations	-3,828	-4,602	-4,719	-4,404	-3,053	-2,528	-3,925	-3,279	-17,553	-12,785	-9,409
Income (loss) from discontinued operations including gains on dispositions	25	16,952	14,292	-110	16,297	-865	-821	7,401	31,159	22,012	776
Add : Net (income)/loss attributable to the noncontrolling interest	10	-1,510	-3,559	182	-7,811	292	386	-429	-4,877	-7,562	882
Net income (loss) attributable to common shareholders	($3,793)	$10,840	$6,014	($4,332)	$5,433	($3,101)	($4,360)	$3,693	'	'	'
Basic and diluted weighted average shares outstanding	26,017	26,032	26,039	26,054	26,062	26,069	26,089	25,728	26,035	25,987	24,039
Basic and diluted income (loss) per share (in dollars per share)	($0.14)	$0.42	$0.23	($0.17)	$0.21	($0.12)	($0.17)	$0.14	$0.34	$0.06	($0.32)

Valuation_and_Qualifying_Accou1

Valuation and Qualifying Accounts and Reserves Schedule II (Details) (Allowance for doubtful accounts, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance for doubtful accounts	'	'	'
Change in valuation and qualifying accounts and reserves	'	'	'
Balance at Beginning of period	$44	$29	$22
Charged to Costs and Expenses	313	391	7
Deductions	311	376	0
Balance at End of period	$46	$44	$29

Real_Estate_and_Accumulated_De1

Real Estate and Accumulated Depreciation Schedule III (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	1875 Lawrence	Holstenplatz	Gardens Medical Pavilion	Courtyard Kauai Coconut Beach Hotel	River Club and the Townhomes at River Club	Babcock Self Storage	Lakes of Margate	Arbors Harbor Town	Alte Jakobstrabe	Wimberly at Deerwood	22 Exchange	Parkside Apartments
Real Estate and Accumulated Depreciation	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Encumbrances	$212,037	'	'	'	$15,621	$10,581	$14,040	$38,000	$25,010	$2,182	$14,966	$26,000	$8,275	$26,685	$19,500	$11,177
Initial cost, Land and Improvements	65,581	'	'	'	9,000	2,867	5,675	11,801	6,639	1,047	9,776	5,413	2,367	5,473	2,380	3,143
Initial cost, Building and Improvements	214,133	'	'	'	26,102	9,363	13,158	20,948	24,789	2,453	13,061	24,713	8,523	28,089	24,786	18,148
Costs capitalized subsequent to acquisition	29,094	'	'	'	4,794	1,262	3,196	10,010	1,466	56	3,829	2,532	768	920	249	12
Gross amount carried at close of period	308,808	294,054	317,395	254,819	39,896	13,492	22,029	42,759	32,894	3,556	26,666	32,658	11,658	34,482	27,415	21,303
Accumulated depreciation	$23,779	$19,921	$11,489	$4,171	$6,346	$1,540	$2,264	$2,937	$3,621	$267	$1,751	$2,453	$662	$1,011	$670	$257
Depreciable life	'	'	'	'	'25 years	'25 years	'25 years	'39 years	'25 years	'25 years	'25 years	'25 years	'25 years	'25 years	'25 years	'25 years

Real_Estate_and_Accumulated_De2

Real Estate and Accumulated Depreciation Schedule III (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate:	'	'	'
Balance at beginning of period	$294,054,000	$317,395,000	$254,819,000
Acquisitions	82,019,000	10,890,000	87,890,000
Improvements	8,227,000	12,365,000	14,054,000
Disposals/written-off	-75,000	0	-29,966,000
Reclassification	-254,000	-1,406,000	-317,000
Cost of real estate sold	-75,163,000	-45,190,000	-9,085,000
Balance at end of the period	308,808,000	294,054,000	317,395,000
Accumulated depreciation:	'	'	'
Balance at beginning of period	19,921,000	11,489,000	4,171,000
Depreciation expense	11,855,000	11,227,000	9,232,000
Disposals/written-off	-7,997,000	-2,795,000	-1,914,000
Balance at end of the period	23,779,000	19,921,000	11,489,000
Foreign currency translation gain (loss)	1,000,000	300,000	-300,000
Reclassification from improvements to furniture, fixtures and equipment	$300,000	$1,400,000	$300,000