Global Income Trust 10-K 17 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 28, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Trading Symbol	'CK0001459241	'	'
Entity Registrant Name	'GLOBAL INCOME TRUST, INC.	'	'
Entity Central Index Key	'0001459241	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	8,257,410	'
Entity Public Float	'	'	$82,351,880

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS	'	'
Real estate investment properties, net	$88,384,755	$90,241,221
Lease intangibles, net	20,444,809	24,911,906
Cash and cash equivalents	10,282,179	2,037,120
Restricted cash	2,084,283	1,517,627
Deferred rent	1,133,435	480,502
Loan costs, net	831,585	1,166,497
Other assets	393,771	602,442
Deferred tax asset, net	339,215	293,537
Total assets	123,894,032	121,250,852
Liabilities:	'	'
Mortgage notes payable	72,450,056	77,098,567
Real estate taxes payable	1,030,510	577,178
Accounts payable and accrued expenses	930,747	1,408,651
Unearned rent	834,754	594,240
Other liabilities	455,848	396,273
Due to related parties	254,252	916,168
Credit facility	'	820,000
Total liabilities	75,956,167	81,811,077
Commitments and contingencies (Note 12)	'	'
Stockholders' equity:	'	'
Preferred stock, $0.01 par value per share, authorized and unissued 200,000,000 shares	'	'
Common stock, $0.01 par value per share, 1,120,000,000 shares authorized; 8,419,689 and 6,438,444 shares issued; and 8,257,410 and 6,406,380 shares outstanding, respectively	82,575	64,063
Capital in excess of par value	70,070,012	54,438,509
Accumulated distributions	-9,572,863	-4,417,093
Accumulated deficit	-13,191,862	-10,799,016
Accumulated other comprehensive income	550,003	153,312
Total stockholders' equity	47,937,865	39,439,775
Total liabilities and stockholders' equity	$123,894,032	$121,250,852

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares unissued	200,000,000	200,000,000
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,120,000,000	1,120,000,000
Common stock, shares issued	8,419,689	6,438,444
Common stock, shares outstanding	8,257,410	6,406,380

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Revenues:	'		'		'
Rental income from operating leases	$12,278,141		$7,786,602		$2,013,633
Tenant reimbursement income	1,443,619		1,266,189		454,468
Total revenues	13,721,760		9,052,791		2,468,101
Expenses:	'		'		'
Property operating expenses	2,913,256		2,675,793		896,815
General and administrative	1,883,585		1,879,149		1,271,805
Acquisition fees and expenses	58,298		3,206,690		1,598,828
Asset management fees	1,206,116		679,802		168,180
Property management fees	404,543		255,615		67,494
Adjustment to contingent purchase price consideration	108,500		'		'
Depreciation and amortization	7,015,582		4,464,681		1,089,135
Total expenses	13,589,880		13,161,730		5,092,257
Expense support	-1,764,373	[1]	-1,073,984	[1]	'
Net expenses	11,825,507		12,087,746		5,092,257
Operating income (loss)	1,896,253		-3,034,955		-2,624,156
Other income (expense):	'		'		'
Interest and other income	51,194		4,743		1,407
Interest expense and loan cost amortization	-4,280,334		-3,429,551		-995,694
Total other expense	-4,229,140		-3,424,808		-994,287
Loss before income taxes	-2,332,887		-6,459,763		-3,618,443
Income tax benefit (expense)	-59,959		225,175		-17,034
Net loss	($2,392,846)		($6,234,588)		($3,635,477)
Net loss per share of common stock (basic and diluted)	($0.30)		($1.27)		($2.08)
Weighted average number of shares of common stock outstanding (basic and diluted)	7,931,165		4,908,673		1,744,849
[1]	See description of the expense support below.

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net loss	($2,392,846)	($6,234,588)	($3,635,477)
Other comprehensive income:	'	'	'
Foreign currency translation adjustments	396,691	153,312	'
Total other comprehensive income	396,691	153,312	'
Comprehensive loss	($1,996,155)	($6,081,276)	($3,635,477)

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Capital in Excess of Par Value	Accumulated Distributions	Accumulated Deficit	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2010	$6,146,850	$8,403	$7,150,777	($83,379)	($928,951)	'
Beginning Balance (in shares) at Dec. 31, 2010	'	840,367	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan (in shares)	'	2,038,710	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan	20,367,024	20,388	20,346,636	'	'	'
Stock issuance and offering costs	-3,024,737	'	-3,024,737	'	'	'
Net loss	-3,635,477	'	'	'	-3,635,477	'
Distributions declared ($0.0017808 per share per day)	-1,134,137	'	'	-1,134,137	'	'
Ending Balance at Dec. 31, 2011	18,719,523	28,791	24,472,676	-1,217,516	-4,564,428	'
Ending Balance (in shares) at Dec. 31, 2011	'	2,879,077	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan (in shares)	'	3,559,367	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan	35,524,116	35,593	35,488,523	'	'	'
Redemptions of common stock, shares	-32,064	-32,064	'	'	'	'
Redemptions of common stock	-310,094	-321	-309,773	'	'	'
Stock issuance and offering costs	-5,212,917	'	-5,212,917	'	'	'
Net loss	-6,234,588	'	'	'	-6,234,588	'
Other comprehensive income	153,312	'	'	'	'	153,312
Distributions declared ($0.0017808 per share per day)	-3,199,577	'	'	-3,199,577	'	'
Ending Balance at Dec. 31, 2012	39,439,775	64,063	54,438,509	-4,417,093	-10,799,016	153,312
Ending Balance (in shares) at Dec. 31, 2012	'	6,406,380	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan (in shares)	'	1,981,245	'	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan	19,729,348	19,814	19,709,534	'	'	'
Redemptions of common stock, shares	-130,215	-130,215	'	'	'	'
Redemptions of common stock	-1,219,575	-1,302	-1,218,273	'	'	'
Stock issuance and offering costs	-2,859,758	'	-2,859,758	'	'	'
Net loss	-2,392,846	'	'	'	-2,392,846	'
Other comprehensive income	396,691	'	'	'	'	396,691
Distributions declared ($0.0017808 per share per day)	-5,155,770	'	'	-5,155,770	'	'
Ending Balance at Dec. 31, 2013	$47,937,865	$82,575	$70,070,012	($9,572,863)	($13,191,862)	$550,003
Ending Balance (in shares) at Dec. 31, 2013	'	8,257,410	'	'	'	'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Distributions declared per share per day	$0.00	$0.00	$0.00

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating activities:	'	'	'
Net loss	($2,392,846)	($6,234,588)	($3,635,477)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Depreciation and amortization	7,015,582	4,464,681	1,089,135
Amortization of above-market lease intangibles	332,765	123,889	21,724
Amortization of loan costs	239,192	358,437	209,915
Adjustment related to contingent purchase price consideration	108,500	'	'
Loss on early extinguishment of debt	99,134	132,539	'
Deferred income taxes	-41,521	-282,444	'
Straight-line rent adjustments	-649,189	-412,806	-67,695
Changes in operating assets and liabilities:	'	'	'
Other assets	111,605	-345,232	-108,037
Accounts payable and accrued expenses	-275,808	606,817	549,321
Due to related parties	-611,516	262,974	-307,308
Unearned rent	240,514	215,438	378,802
Real estate taxes payable	453,332	164,359	212,288
Net cash provided by (used in) operating activities	4,629,744	-945,936	-1,657,332
Investing activities:	'	'	'
Acquisition of properties	'	-39,585,536	-54,099,469
Capital expenditures	-35,052	-13,880	'
Changes in restricted cash	-566,656	-757,784	-759,843
Net cash used in investing activities	-601,708	-40,357,200	-54,859,312
Financing activities:	'	'	'
Subscriptions received for common stock through public offering and distribution reinvestment plan	19,729,348	35,524,116	20,388,961
Borrowings under credit facility	'	2,000,000	2,820,000
Repayments on credit facility	-820,000	-4,000,000	'
Proceeds from mortgage notes payable	'	14,156,637	36,900,000
Repayments of mortgage notes payable	-5,266,608	-713,916	-181,121
Payment of stock issuance and offering costs	-2,910,158	-5,230,141	-3,057,322
Distributions to stockholders	-5,049,499	-2,998,829	-1,026,040
Redemptions of common stock	-1,266,272	-263,398	'
Payment of loan costs	-240,963	-581,980	-1,031,395
Net cash provided by financing activities	4,175,848	37,892,489	54,813,083
Effect of exchange rate fluctuation on cash	41,175	18,653	'
Net increase (decrease) in cash and cash equivalents	8,245,059	-3,391,994	-1,703,561
Cash and cash equivalents at beginning of year	2,037,120	5,429,114	7,132,675
Cash and cash equivalents at end of year	10,282,179	2,037,120	5,429,114
Supplemental disclosure of cash flow information:	'	'	'
Cash paid for interest	3,697,320	2,787,665	737,287
Cash paid for taxes	56,396	28,292	'
Amounts incurred but not paid:	'	'	'
Loan costs	'	240,963	141,370
Stock issuance and offering costs	'	50,400	67,624
Distributions declared and unpaid	455,848	349,577	148,829
Redemptions	'	46,696	'
Assets acquired with assumption of debt or other liabilities with purchase of real estate	'	$26,729,364	$200,531

Business_and_Organization

Business and Organization	12 Months Ended
	Dec. 31, 2013
Business and Organization	'
	1	Business and Organization
	Global Income Trust, Inc. was organized in Maryland on March 4, 2009. The term “Company” includes, unless the context otherwise requires, Global Income Trust, Inc., Global Income, LP, a Delaware limited partnership (the “Operating Partnership”), Global Income GP, LLC and other subsidiaries of the Company. The Company operates, and has elected to be taxed, as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2010. The Company was formed to own and operate a portfolio of income-oriented commercial real estate and real estate-related assets on a global basis.
	The Company is externally advised by CNL Global Income Advisors, LLC (the “Advisor”) and its property manager is CNL Global Income Managers, LLC (the “Property Manager”), each of which is a Delaware limited liability company and a wholly owned affiliate of CNL Financial Group, LLC, the Company’s sponsor (the “Sponsor”). CNL Financial Group, LLC is an affiliate of CNL Financial Group, Inc. (“CNL”). The Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying, recommending and executing acquisitions and dispositions on behalf of the Company pursuant to an advisory agreement between the Company, the Operating Partnership and the Advisor.
	Substantially all of the Company’s acquisition, operating, administrative and property management services are provided by sub-advisors to the Advisor and sub-property managers to the Property Manager. In addition, certain unrelated sub-property managers have been engaged by the Company or sub-property managers to provide certain property management services.
	On April 23, 2010, the Company commenced its initial public offering of up to $1.5 billion of shares of common stock (150 million shares of common stock at $10.00 per share) (the “Offering”) pursuant to a registration statement on Form S-11 under the Securities Act of 1933, as amended. The Offering expired and closed on April 23, 2013. As of April 23, 2013, the Company had received aggregate offering proceeds of approximately $83.7 million, including proceeds received through the Company’s distribution reinvestment plan.
	The Company has completed its Offering and, given that it expects that its sources of capital and liquidity will be limited in the near term, has begun to explore strategic alternatives for providing liquidity to investors. Possible strategic alternatives for liquidity may include the sale of either the Company or some or all of its assets, potential merger opportunities, the listing of the Company’s common shares on a national exchange, or a combination of various alternatives. The financial statements have been prepared under the assumption that the Company has no immediate plans that would indicate a need to adjust the carrying value of its reported assets and liabilities or that affect the anticipated ability of the Company to meet its contractual obligations as they become due.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
	2	Summary of Significant Accounting Policies
	Basis of Presentation and Consolidation – The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates – The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, analysis of real estate impairments, contingent assets and liabilities and the assessment of probability of repayments of expenses under the expense support agreement. Actual results could differ from those estimates.
	Real Estate – Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, and tenant improvements) and identifiable intangible assets (consisting of above- and below-market leases and in-place leases) and allocates the purchase price to the assets acquired and liabilities assumed including debt. In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information.
	The fair value of the tangible assets of an acquired leased property is determined by estimating the value of the property as if it were vacant, and the “as-if-vacant” value is then allocated to land, building and improvements based on the determination of the fair values of these assets.
	Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual amounts to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease. The purchase price is further allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease. Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses.
	Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are 39 and 15 years, respectively. Tenant improvements are depreciated on the straight-line method over the shorter of the asset life or the respective lease term. Expenditures for maintenance and repairs are charged to operations as incurred. Significant renovations and replacements, which improve and extend the life of the asset, are capitalized.
	Intangible Assets – Amortization of intangible assets is computed using the straight-line method of accounting over the respective lease term or estimated useful life including renewal periods for below-market leases. Above-market or below-market lease intangibles are amortized to rental income over the estimated remaining terms of the respective leases. In-place lease intangibles are amortized over the remaining terms of the respective leases and charged to depreciation and amortization. If a lease were to be terminated prior to its scheduled expiration, all unamortized amounts related to the lease would be written off. Intangible assets are evaluated for impairment on an annual basis or upon a triggering event.
	Impairment of Real Estate Assets – Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property’s asset group is potentially impaired, management compares the estimated current and projected undiscounted operating cash flows, including estimated net sales proceeds, of the property over its expected holding period to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset to the estimated fair value of the property less costs to sell.
	Cash and Cash Equivalents – Cash and cash equivalents consist of cash on hand and highly liquid investments purchased with original maturities of three months or less.
	As of December 31, 2013, the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash and cash equivalents, primarily with the goal of safety of principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash.
	Restricted Cash – Certain amounts of cash are deposited in a lockbox with the lender or are restricted to fund future expenditures for the Company’s real estate properties. Such amounts have been classified as restricted cash on the consolidated balance sheets.
	Foreign Currency Translation – The accounting records for the Company’s consolidated subsidiaries that own the properties in Germany are maintained in the functional currency (Euros), and revenues and expenses are translated using the average exchange rates during the applicable period presented. Assets and liabilities are translated to U.S. dollars using the exchange rate in effect at the applicable balance sheet date. The resulting translation adjustments are reflected in other comprehensive income in the statements of stockholders’ equity as a cumulative foreign currency translation adjustment. Any gains and losses from foreign currency transactions are included in the accompanying consolidated statements of operations.
	Fair Value Measurements – Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:
		•	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.
		•	Level 2 – Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.
		•	Level 3 – Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.
	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
	Revenue Recognition – Real estate owned as of December 31, 2013 is leased to tenants, whereby the tenant is responsible for some or, in the case of the Company’s two triple-net-leased properties, all of the operating expenses relating to the property, including property taxes, insurance, maintenance and repairs. The leases are accounted for using the operating method. Under the operating method, revenue is recognized as rentals are earned and expenses (including depreciation) are charged to operations as incurred. Rental revenue from leases is recorded on the straight-line basis over the terms of the leases. Tenant reimbursement income represents amounts tenants are required to reimburse the Company in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred.
	Mortgages and Other Notes Payable – Mortgages and other notes payable acquired are recorded at the stated principal amount and are collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition.
	Loan Costs – Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest rate method. As of December 31, 2013 and 2012, accumulated amortization of loan costs were approximately $1.0 million and $0.7 million, respectively.
	Acquisition Fees and Expenses – Acquisition fees, including investment services fees, and expenses associated with transactions deemed to be business combinations are expensed as incurred.
	Redemptions – Under the Company’s stock redemption plan, a stockholder’s shares are deemed to be redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder, by virtue of such redemption, is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue.
	Income Taxes – The Company has elected and qualified as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, and related regulations beginning with the year ended December 31, 2010. As a REIT, the Company generally is not subject to federal corporate income taxes provided it continues to distribute at least 90% of its REIT taxable income and capital gains and meets certain other requirements for qualifying as a REIT.
	As a REIT, the Company may be subject to certain state and foreign income taxes. These state and foreign income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit carry forwards.
	Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
	Net Loss Per Share – Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the periods.
	Reclassifications – Certain amounts in the consolidated statement of operations for the year ended December 31, 2011 and the consolidated statement of cash flows for the year ended December 31, 2011 have been reclassified to conform to the current year presentation with no effect on previously reported net loss or stockholders’ equity.
	Segment Information – Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one business segment, real estate ownership. Accordingly, the Company does not report more than one segment.
	Adopted Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI).” This update clarified the guidance and requires preparers to report, in one place, information about reclassifications out of AOCI. The ASU also requires companies to report changes in AOCI balances. Effective January 1, 2013, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.
	Recent Accounting Pronouncements – In March 2013, the FASB issued ASU No. 2013-05, “Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” This update affects entities that cease to hold a controlling financial interest (as described in subtopic 810-10) in a subsidiary or group of assets within a foreign entity when the subsidiary or group of assets is a business and there is a cumulative translation adjustment balance associated with that foreign entity. The update also affects entities that lose a controlling financial interest in an investment in a foreign entity (by sale or other transfer event) and those that acquire a business in stages (sometimes also referred to as a step acquisition) by increasing an investment in a foreign entity from one accounted for under the equity method to one accounted for as a consolidated investment. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. The Company will continue to assess whether this update will have a material impact on the Company’s financial position, results of operations or cash flows on future annual and interim periods.
	In April 2013, the FASB issued ASU No. 2013-07, “Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting.” This update requires entities to prepare financial statements using the liquidation basis of accounting when liquidation is imminent. For applicable entities, this ASU requires financial statements be prepared using the liquidation basis of accounting to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any items it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities (for example, trademarks). This ASU is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. The Company will continue to assess whether this update will have a material impact on the Company’s financial position, results of operations or cash flows on future annual and interim periods.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. The unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This ASU is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2013
Acquisitions	'
	3	Acquisitions
	There were no acquisitions during the year ended December 31, 2013. During the year ended December 31, 2012, the Company acquired the following real estate investment properties:
	Name and Location		Date		Description	Leasable			Initial
			Acquired			Square Footage			Purchase Price (1)
						(unaudited)
	Giessen Retail Center		3/8/12		Value Retail Center		34,700		$	5,244,136
	Giessen, Germany
	Worms Retail Center		9/27/12		Value Retail Center		41,944			5,834,110
	Worms, Germany
	Gutersloh Retail Center		9/27/12		Value Retail Center		19,375			3,596,095
	Gutersloh, Germany
	Jacksonville Distribution Center		10/12/12		Distribution Facility		817,632			42,500,000
	Jacksonville, Florida
	Bremerhaven Retail Center		11/30/12		Value Retail Center		33,121			3,770,000
	Bremerhaven, Germany
	Hannover Retail Center		12/21/12		Value Retail Center		26,784			5,370,559
	Hannover, Germany
	Total								$	66,314,900
	FOOTNOTE:
	(1)	Where applicable, amounts translated from Euros to U.S. dollars at exchange rate for the respective acquisition date.
	During the year ended December 31, 2011, the Company acquired the following real estate investment properties:
	Name and Location		Date		Description	Leasable			Initial
			Acquired			Square Footage			Purchase Price
						(unaudited)
	Austin Property		6/8/11		Light Industrial Building		51,189		$	4,550,000
	Pflugerville, Texas
	Heritage Commons III		6/28/11		Office Building		119,001			18,750,000
	Fort Worth, Texas
	Heritage Commons IV		10/27/11		Office Building		164,333			31,000,000
	Fort Worth, Texas
	Total								$	54,300,000
	The following summarizes the allocation of the purchase prices for the 2012 and 2011 acquisitions and the estimated fair values of the assets acquired and liabilities assumed:
			2012			2011
	Assets
	Land and land improvements		$	11,548,728		$	7,442,000
	Building and improvements			40,402,525			27,998,000
	Tenant improvements			425,600			4,493,000
	Lease intangibles (1)			13,829,547			14,367,000
	Other assets			108,500			—
	Liabilities
	Assumed mortgage note payable			(26,729,364	)		—
	Accrued real estate taxes			—			(200,531	)
	Net assets acquired		$	39,585,536		$	54,099,469
	FOOTNOTE:
	(1)	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 6.3 years and 7 years, respectively.
	The revenues and net losses attributable to 2012 acquisitions included in the Company’s consolidated statement of operations were approximately $1.5 million and $(3.1) million, respectively. The revenues and net losses attributable to 2011 acquisitions included in the Company’s consolidated statement of operations were approximately $2.5 million and $(1.9) million, respectively, for the year ended December 31, 2011.
	The following presents the unaudited pro forma revenues and net loss of the Company as if the properties purchased during 2012 had each been acquired as of January 1, 2011 and the unaudited pro forma revenues and net loss of the Company as if the properties purchased during 2011 had each been acquired as of January 1, 2010:
			Year Ended December 31,
			2012			2011
			(Unaudited)			(Unaudited)
	Revenues		$	13,203,572		$	8,193,402
	Net loss (1)		$	(2,243,137	)	$	(6,063,016	)
	Net loss per share of common stock (basic and diluted)		$	(0.39	)	$	(1.32	)
	Weighted average number of shares of common stock outstanding (basic and diluted) (2)			5,825,660			4,608,853
	FOOTNOTES:
	(1)	The pro forma results, for the year ended December 31, 2012, were adjusted to exclude approximately $2.3 million of acquisition related expenses incurred in 2012. The pro forma results for the year ended December 31, 2011, were adjusted to include these charges as if the properties had been acquired on January 1, 2011.
	(2)	As a result of these properties being treated as operational since January 1, 2011, the Company assumed approximately 2.9 million additional shares of common stock had been issued as of January 1, 2011. Consequently, the weighted average number of shares outstanding was adjusted to reflect the pro forma amount of the additional shares being issued on January 1, 2011 instead of the actual dates issued, and such shares were treated as outstanding for the full period.

Real_Estate_Investment_Propert

Real Estate Investment Properties, net	12 Months Ended
	Dec. 31, 2013
Real Estate Investment Properties, net	'
	4	Real Estate Investment Properties, net
	As of December 31, 2013 and 2012, real estate investment properties consisted of the following:
			December 31,			December 31,
			2013			2012
	Land and land improvements		$	19,303,766		$	19,053,648
	Building and improvements			69,318,349			68,626,867
	Tenant improvements			4,918,600			4,918,600
	Equipment			14,202			—
	Less: accumulated depreciation			(5,170,162	)		(2,357,894	)
			$	88,384,755		$	90,241,221
	There have been no material changes in the gross carrying value of the Company’s real estate investment properties since December 31, 2012, other than capital expenditures and differences attributable to movements in foreign currency exchange rates across periods. Depreciation expense on the Company’s real estate investment properties was approximately $2.8 million, $1.9 million and $0.4 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Operating_Leases

Operating Leases	12 Months Ended
	Dec. 31, 2013
Operating Leases	'
	5	Operating Leases
	The Company owned nine properties during the year ended December 31, 2013, leased to tenants on a triple-net, net or modified gross basis, and accounted for as operating leases. As of December 31, 2013, the Company’s leases had a weighted average remaining lease term of 4.8 years, based on annualized base rents, with terms expiring between 2015 and 2023, subject to the tenants’ options to extend the lease periods ranging from two to ten years.
	In accordance with the lease terms for two of the Company’s properties, substantially all of the property expenses are required to be paid directly by the tenants, including real estate taxes which the tenant pays directly to the taxing authorities. In the event the tenants failed to pay such taxes, the Company would be obligated to pay such amounts. The total annualized property taxes assessed on these two properties as of December 31, 2013 was approximately $0.6 million.
	The following is a schedule of future minimum lease payments to be received for each of the next five years and thereafter, in the aggregate, under non-cancellable operating leases, based on an exchange rate of $1.33 per Euro for our foreign properties, as of December 31, 2013:
	2014		$	12,712,276
	2015			12,749,744
	2016			12,371,304
	2017			12,138,404
	2018			7,387,501
	Thereafter			3,716,238
			$	61,075,467
	The above future minimum lease payments to be received excludes tenant reimbursements, straight-line rent adjustments, amortization of above-market lease intangibles, base rent attributable to any renewal options exercised by the tenants in the future and the impact of lease amendments executed after December 31, 2013 (see Note 15, “Subsequent Events,” for additional information).

Lease_Intangibles_net

Lease Intangibles, net	12 Months Ended
	Dec. 31, 2013
Lease Intangibles, net	'
	6	Lease Intangibles, net
	The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2013 and 2012 are as follows:
			December 31,			December 31,
			2013			2012
	In place leases		$	26,358,265		$	26,255,600
	Above-market leases			2,024,899			2,008,784
	Gross carrying amount			28,383,164			28,264,384
	Accumulated amortization			(7,938,355	)		(3,352,478	)
	Net book value		$	20,444,809		$	24,911,906
	Amortization expense on the Company’s intangible assets for the years ended December 31, 2013, 2012 and 2011 was approximately $4.6 million, $2.7 million and $0.7 million, respectively, of which approximately $0.3 million, $0.1 million and $0.02 million, respectively, was treated as a reduction of rental revenue, and $4.3 million, $2.6 million and $0.6 million, respectively, was included in depreciation and amortization expense.
	The estimated future amortization for the Company’s intangible assets for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 was as follows:
			In place			Above-market
			leases			leases
	2014		$	4,243,623		$	338,206
	2015			4,240,166			337,512
	2016			4,107,343			331,359
	2017			3,931,316			331,359
	2018			2,021,779			121,575
	Thereafter			363,242			77,329
			$	18,907,469		$	1,537,340
	As of December 31, 2013 and 2012, the weighted average useful lives of in place leases were 4.8 years and 5.8 years, respectively, and the weighted average useful lives of above market leases were 4.7 years and 5.7 years, respectively.

Contingent_Purchase_Price_Cons

Contingent Purchase Price Consideration	12 Months Ended
	Dec. 31, 2013
Contingent Purchase Price Consideration	'
	7	Contingent Purchase Price Consideration
	In connection with the acquisition of the Jacksonville Distribution Center, the Company required that approximately $1.0 million of the purchase price be placed in an escrow account as contingent purchase consideration in the event of non-renewal by the tenant through 2023. At the time of acquisition, the probability of renewal by the tenant was assessed and approximately $0.1 million of the purchase price was allocated and recorded as an Other Asset in the accompanying consolidated balance sheet as of December 31, 2012. During the quarter ended December 31, 2013, based on current discussions with the tenant and a high probability that the tenant will renew, the Company determined that the $1 million purchase price placed in escrow will be released to the seller. As a result, the Company reduced the fair value of the asset by $0.1 million and recorded it as an expense in the accompanying consolidated statements of operations for the year ended December 31, 2013.
	The following table provides a roll-forward of the fair value of the contingent purchase price consideration for the years ended December 31, 2013 and 2012:
			Year Ended December 31,
			2013			2012
	Beginning balance		$	108,500		$	—
	Issuance of contingent consideration in connection with acquisition			—			108,500
	Change in fair value			(108,500	)		—
	Ending balance		$	—		$	108,500
	The fair value was based on the then-current lease renewal probability, for each period presented, that a market participant would expect to obtain for similar leases. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair value related to the Company’s contingent purchase price consideration is categorized as level 3 on the three-level fair value hierarchy.

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2013
Indebtedness	'
	8	Indebtedness
	The following table provides details of the Company’s indebtedness as of December 31, 2013 and 2012:
	Property and Related Loan		Outstanding		Outstanding		Interest Rate	Payment Terms	Maturity
			Balance as of		Balance as of
			December 31, 2013		December 31, 2012				Date (1)
			(in millions)		(in millions)
	Jacksonville Distribution Center, mortgage loan (2)		$	26	$	26.6	6.08% per annum	$187,319 monthly principal and interest payments based on a 25-year amortization	9/1/23
	Heritage Commons IV; mortgage loan (3)			19.8		20.1	6.018% per annum	$132,307 monthly principal and interest payments based on a 25-year amortization	11/1/16
	Heritage Commons III; mortgage loan (3)			11.7		12	4.7% per annum	$70,338 monthly principal and interest payments based on a 25-year amortization	7/1/16
	Heritage Commons IV, mezzanine loan (4)			—		4	11% per annum	$36,667 monthly interest only payment	Not
									applicable
	Austin Property; Credit Facility			—		0.8	Variable, LIBOR plus 2.75% or 3.25%, or lenders prime rate plus 0.25% or 0.75%, depending on certain factors	Monthly interest only payments	Not applicable
	Worms Retail Center (6)			3.9		3.7	2.98% per annum	-7	8/1/19
	Hannover Retail Center (6)			3.4		3.3	2.78% per annum	-7	8/1/19
	Giessen Retail Center (5)			3		2.9	3.7% per annum, subject to renegotiation after 10 years	$9,339 monthly interest only payments until March 8, 2017, then $21,960 monthly principal and interest payments through maturity date (5)	3/8/32
	Gütersloh Retail Center (6)			2.4		2.3	3.17% per annum	-7	8/1/19
	Bremerhaven Retail Center (6)			2.3		2.2	2.87% per annum	-7	8/1/19
	Total		$	72.5	$	77.9
	FOOTNOTES:
	(1)	Represents the initial maturity date, which may be extended beyond the date shown.
	(2)	The Company assumed an existing secured first mortgage on the Jacksonville Distribution Center. The existing mortgage may be prepaid, in full but not in part, subject to a reinvestment charge for any prepayment occurring sooner than six months before maturity.
	(3)	The loans may be extended for an additional term not to exceed beyond December 1, 2018 and September 1, 2018 for Heritage Commons III and Heritage Commons IV, respectively, subject to the interest rate increasing to 9.7% per annum for Heritage Commons III and 11.018% per annum for Heritage Commons IV.
	(4)	A portion of the purchase price for Heritage Commons IV was funded by a mezzanine loan (the “Mezz Loan”). The Mezz Loan was extinguished in 2013 prior to its expiration.
	-5	The amount of the outstanding loan balances and the amount of the monthly payments were translated from Euros to U.S. dollars at the exchange rate applicable on December 31, 2013 and 2012.
	(6)	In connection with the acquisition of the properties, the Company obtained a senior secured loan in the aggregate principal amount of approximately €8.7 million or $11.5 million based on using the exchange rate from Euros to U.S. dollars applicable on the date of purchase of the properties. In the event of a sale of the properties, or the early repayment of proportionate loan amounts, the lender shall be entitled to a payment of approximately €3.4 million with respect to the Worms Retail Center, approximately €2.1 million with respect to the Gütersloh Retail Center, approximately €2.0 million with respect to the Bremerhaven Retail Center, and approximately €2.9 million with respect to the Hannover Retail Center. These amounts would equate to $4.7 million, $2.9 million, $2.8 million and $4.0 million, respectively, if translated from Euros to U.S. dollars at the exchange rate applicable on December 31, 2013.
	(7)	Interest-only payments are payable semi-annually in arrears, on January 15 and July 15 of each year, during the first five years. Commencing on January 15, 2018, amortized semi-annual payments of principal become due and payable as follows: January 15, 2018 – 1.25% of the original principal balance; July 15, 2018 – 1.25% of the original principal balance; January 15, 2019 – 1.5% of the original principal balance; and July 15, 2019 – 1.5% of the original principal balance.
	During the year ended December 31, 2013, the Company extinguished the outstanding balance of $0.8 million of its credit facility prior to its scheduled expiration, and in addition, extinguished the outstanding balance of $4.0 million of its mezzanine loan that bore interest at a rate of 11% prior to its scheduled expiration. In connection therewith, the Company wrote-off approximately $0.1 million in unamortized loan costs which are included in the accompanying consolidated statement of operations for the year ended December 31, 2013 as interest expense and loan cost amortization and as a loss on the early extinguishment of debt in the accompanying consolidated statement of cash flows for the year ended December 31, 2013.
	The Company’s debt contains customary covenants, agreements, representations and warranties and events of default, all as set forth in the respective loan documents. Additionally certain of the Company’s agreements contain certain financial covenants, including (but not limited to) the following: minimum debt service coverage ratios and limitations on the incurrence of additional indebtedness. As of December 31, 2013, the Company was in compliance with these covenants.
	Maturities of indebtedness for the next five years and thereafter, in aggregate, as of December 31, 2013 are:
	2014		$	1,347,879
	2015			1,452,414
	2016 (1)			30,882,372
	2017			939,415
	2018			1,333,169
	Thereafter			36,494,807
			$	72,450,056
	FOOTNOTE:
	-1	For the purposes of the five year maturity table above, management assumed that the principal amounts outstanding on two of the mortgage notes payable are repaid at the anticipated repayment date, as defined in the respective loan agreements.
	The estimated fair market value and carrying value of the Company’s mortgage notes payable were approximately $69.4 million and $72.5 million, respectively, as of December 31, 2013, and $78.4 million and $77.1 million, respectively, as of December 31, 2012, based on then-current rates and spreads the Company would expect to obtain for similar borrowings on properties with similar lease terms. Because this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage and other notes payable is categorized as level 3 on the three-level valuation hierarchy used for GAAP. The estimated fair value of accounts payable and accrued expenses approximates the carrying value as of December 31, 2013 because of the relatively short maturities of the obligations.

Related_Party_Arrangements

Related Party Arrangements	12 Months Ended
	Dec. 31, 2013
Related Party Arrangements	'
	9	Related Party Arrangements
	The Company is externally advised and has no direct employees. In addition, certain directors and officers hold similar positions with CNL Securities Corp., the managing dealer of the Offering and a wholly owned subsidiary of CNL (the “Managing Dealer”), the Advisor and their affiliates. In connection with services provided to the Company, affiliates are entitled to the following fees:
	Managing Dealer – While equity was being raised in the Company’s Offering, the Managing Dealer received selling commissions and marketing support fees of up to 7% and 3%, respectively, of gross offering proceeds for shares sold, excluding shares sold pursuant to the Company’s distribution reinvestment plan, all or a portion of which were paid to participating broker dealers by the Managing Dealer.
	Advisor – Subject to the Expense Support Agreement described below, the Advisor and certain affiliates are entitled to receive fees and compensation in connection with the acquisition, management and sale of the Company’s assets, as well as, the refinancing of debt obligations of the Company or its subsidiaries. In addition, the Advisor and its affiliates are entitled to reimbursement of actual costs incurred on behalf of the Company in connection with the Company’s organizational, Offering, acquisition and operating activities.
	Pursuant to the advisory agreement, the Advisor receives investment services fees equal to 1.85% of the purchase price of properties for services rendered in connection with the selection, evaluation, structure and purchase of assets. In addition, the Advisor is entitled to receive a monthly asset management fee of 0.08334% of the real estate asset value (as defined in the advisory agreement) of the Company’s properties as of the end of the preceding month.
	The Advisor is also entitled to receive a financing coordination fee for services rendered with respect to refinancing of any debt obligations of the Company or its subsidiaries equal to 1.0% of the gross amount of the refinancing.
	The Company will pay the Advisor a disposition fee in an amount equal to (i) in the case of the sale of real property, the lesser of (a) one-half of a competitive real estate commission, or (b) 1% of the sales price of such property, (ii) in the case of the sale of any asset other than real property or securities, 1% of the sales price of such asset, and (iii) in the case of the sale of loans, 1% of the contract price of any loan. The Company will not pay the Advisor a disposition fee in connection with the sale of investments that are securities; however, a disposition fee in the form of a usual and customary brokerage fee may be paid to an affiliate or related party of the Advisor if such entity is properly licensed.
	Under the advisory agreement and the Company’s articles of incorporation, the Advisor will be entitled to receive certain subordinated incentive fees upon (a) sales of assets and/or (b) a listing (which would also include the receipt by the Company’s stockholders of securities that are approved for trading on a national securities exchange in exchange for shares of the Company’s common stock as a result of a merger, share acquisition or similar transaction). However, if a listing occurs, the Advisor will not be entitled to receive an incentive fee on subsequent sales of assets. The incentive fees are calculated pursuant to formulas set forth in both the advisory agreement and the Company’s articles of incorporation. All incentive fees payable to the Advisor are subordinated to the return to investors of invested capital plus a 6% cumulative, noncompounded annual return on invested capital. Upon termination or non-renewal of the advisory agreement by the Advisor for good reason (as defined in the advisory agreement) or by the Company other than for cause (as defined in the advisory agreement), a listing or sale of assets after such termination or non-renewal will entitle the Advisor to receive a pro-rated portion of the applicable subordinated incentive fee.
	In addition, the Advisor or its affiliates may be entitled to receive fees that are usual and customary for comparable services in connection with the financing, development, construction or renovation of a property, subject to approval of the Company’s board of directors, including a majority of its independent directors.
	Property Manager – Pursuant to a master property management agreement, the Property Manager and/or sub-property managers receive property management fees of up to 4.5% of gross revenues for management of the Company’s properties.
	CNL Capital Markets Corp – CNL Capital Markets Corp., an affiliate of CNL, received an initial set-up fee of $4.57 per investor and receives an annual maintenance fee $19.20 per investor for providing certain administrative services to the Company pursuant to a services agreement. For the year ended December 31, 2013 and 2012, the annual maintenance fee was approximately $0.04 million and $0.03 million, respectively, and are included in the expense reimbursement amounts presented in the table below.
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred the following stock issuance costs due to the Managing Dealer in connection with its Offering:
			Year ended December 31,
			2013			2012			2011
	Selling commissions (1)		$	1,299,186		$	2,405,147		$	1,401,721
	Marketing support fees (1)			571,295			1,030,777			600,738
			$	1,870,481		$	3,435,924		$	2,002,459
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred the following fees and reimbursable expenses due to the Advisor and its affiliates:
			Year ended December 31,
			2013			2012			2011
	Reimbursable costs and expenses:
	Offering costs (1)		$	989,277		$	1,776,993		$	1,022,278
	Operating expenses (2)			727,280			1,121,334			866,478
	Acquisition fees and expenses (3)			154			50,119			28,573
				1,716,711			2,948,446			1,917,509
	Investment services fees (3) (4)			—			1,222,234			1,004,550
	Asset management fees			1,206,116			679,802			168,180
	Property management fees (4)			404,543			255,616			67,494
	Expense support (5)			(1,764,373	)		(1,073,984	)		—
			$	1,562,997		$	4,032,114		$	3,157,733
	FOOTNOTES:
	(1)	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity.
	(2)	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations.
	(3)	Amounts are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
	(4)	Includes amounts paid directly by subsidiaries of the Company to a sub-advisor of the Advisor that was indirectly affiliated with one of the Company’s directors during the years ended December 31, 2013 and 2012.
	(5)	See description of the expense support below.
	Amounts due to related parties for fees and reimbursable costs and expenses described above were as follows as of December 31:
			2013			2012
	Due to Managing Dealer:
	Selling commissions		$	—		$	23,520
	Marketing support fees			—			10,080
				—			33,600
	Due to Property Manager:
	Property management fees			62,748			37,012
				62,748			37,012
	Due to the Advisor and its affiliates:
	Reimbursable offering costs			—			16,800
	Reimbursable operating expenses			191,504			406,668
	Investment services fees			—			422,088
				191,504			845,556
			$	254,252		$	916,168
	In March 2012, the Company’s board of directors approved an Expense Support and Conditional Reimbursement Agreement with its Advisor (the “Expense Support Agreement”) whereby, effective April 1, 2012, reimbursement of operating-related personnel expenses and asset management fees to the Advisor and its affiliates were deferred and subordinated until such time, if any, that (i) cumulative modified funds from operations (as defined in the Expense Support Agreement) for the period April 1, 2012 through the applicable determination date exceeds (ii) distributions declared to stockholders for the same period. Such reimbursements and payments were further subordinated to the Company’s total operating expenses being within the 2%/25% guideline limitations as such terms are defined in the advisory agreement. For purposes of the above subordinations, all or a portion of the deferred amounts may be paid only to the extent it does not cause the applicable performance measurement to not be met inclusive of the conditional reimbursement amount. The Expense Support Agreement was terminable by the Advisor, but not before December 31, 2013, as amended, and any deferrals are eligible for conditional reimbursement for a period of up to three years from the applicable determination date. Any amounts deferred that have not met the conditions of reimbursement within the time period established in the Expense Support Agreement will be permanently waived by the Advisor and the Company will have no obligation to pay such amounts. In March 2014, the Company’s board of directors approved an amended and restated expense support agreement with the Advisor, see Note 15, “Subsequent Events,” for additional information.
	For the years ended December 31, 2013, 2012 and 2011, approximately $1.2 million, $0.5 million and $0.0 million, respectively, in asset management fees and approximately $0.6 million, $0.5 million and $0.0 million, respectively, in operating-related personnel expenses were deferred and subordinated in accordance with the terms of the Expense Support Agreement. The Company will record such amounts as operating expenses in future periods to the extent, if any, it determines that these amounts are probable of being reimbursed to the Advisor. As of December 31, 2013, a total of $2.8 million in expenses have been deferred pursuant to the terms of the Expense Support Agreement and the Company had determined it was not probable that the performance hurdles would be achieved within the applicable reimbursement period due to the cumulative nature of such metrics; therefore, the Company has not recognized any expense for the amounts deferred.
	The Company incurs operating expenses which, in general, are expenses relating to administration of the Company on an ongoing basis. Pursuant to the advisory agreement, the Advisor shall reimburse the Company the amount by which the total operating expenses paid or incurred by the Company exceed, in any four consecutive fiscal quarters (the “Expense Year”) commencing with the Expense Year ended March 31, 2012, the greater of 2% of average invested assets or 25% of net income (as defined in the advisory agreement) (the “Limitation”), unless a majority of its independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. For the Expense Year ended December 31, 2013, the Company did not incur expenses in excess of the Limitation. For the Expense Year ended December 31, 2012, total operating expenses in excess of the Limitation were $1.1 million, all of which related to the Expense Year ended March 31, 2012. The Company’s independent directors determined that operating expenses in excess of the Limitation were justified based on a number of factors. These factors included how quickly new equity capital was raised and invested and the relationship of these investments to the Company’s operating expenses, many of which were necessary as a result of being a public company.
	Organizational and offering costs become a liability to the Company only to the extent selling commissions, the marketing support fees and other organizational and offering costs do not exceed 15% of the gross proceeds of the Company’s Offering as described in Note 10. “Stockholders’ Equity.”

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity	'
	10	Stockholders’ Equity
	Public Offering – The Company’s Offering closed on April 23, 2013. Through April 23, 2013, the Company received aggregate offering proceeds of approximately $83.7 million, including proceeds of approximately $1.9 million from shares sold through its distribution reinvestment plan (“DRP”).
	Stock Issuance and Offering Costs – The Company has incurred costs in connection with the offering and issuance of shares, including selling commissions, marketing support fees, filing fees, legal, accounting, printing and due diligence expense reimbursements, which are recorded as stock issuance and offering costs and deducted from stockholders’ equity.
	In accordance with the Company’s articles of incorporation, the total amount of selling commissions, marketing support fees, and other organizational and offering costs to be paid by the Company may not exceed 15% of the aggregate gross offering proceeds. Offering costs are generally funded by the Company’s Advisor and subsequently reimbursed by the Company subject to this limitation.
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred approximately $2.9 million, $5.2 million and $3.0, respectively, in stock issuance and offering costs, as described in the discussion of selling commissions and marketing support fees and offering expenses in Note 9. “Related Party Arrangements.”
	Distributions – The Company’s board of directors has authorized a daily distribution of $0.0017808 per share of common stock (which is equal to an annualized distribution rate of 6.5% based on a 365 days calendar year) to all common stockholders of record as of the close of business on each day, payable monthly, until terminated or amended by the Company’s board of directors.
	During the years ended December 31, 2013, 2012 and 2011, cash distributions totaling approximately $5.2 million, $3.2 million and $1.1 million, respectively, were declared payable to stockholders (including approximately $0.5 million, $0.3 million and $0.1 million declared but unpaid as of December 31, 2013, 2012 and 2011, respectively, which were paid in January 2014, 2013 and 2012, respectively). In addition, approximately 28% of the cash distributions paid to stockholders were considered taxable income and 72% were considered a return of capital to stockholders for federal income tax purposes; whereas, 100% of distributions for the years ended December 31, 2012 and 2011 were considered a return of capital for federal income tax purposes.
	Redemption Plan – The Company’s board of directors approved the suspension of the Company’s stock redemption plan (the “Redemption Plan”) effective April 10, 2013. During the year ended December 31, 2013, the Company processed and paid all eligible redemption requests totaling 130,215 shares of common stock at an average price of $9.37 per share, for a total of approximately $1.2 million.
	For the year ended December 31, 2012, the Company received and accepted redemptions requests for 32,064 shares for approximately $0.3 million under its redemption plan, of which approximately $0.05 million was paid in January 2013. For the year ended December 31, 2011, the Company did not receive any requests eligible for redemption under its redemption plan.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Taxes	'
	11	Income Taxes
	The components of the provision (benefit) for income taxes for the years ended December 31, 2013, 2012 and 2011 were as follows:
			Year Ended December 31,
			2013			2012			2011
	Current:
	Federal		$	—		$	—		$	—
	State			51,458			43,004			17,034
	Foreign			40,381			17,815			—
	Total current provision			91,839			60,819			17,034
	Deferred:
	Federal			—			—			—
	State			—			—			—
	Foreign			(31,880	)		(285,994	)		—
	Total deferred benefit			(31,880	)		(285,994	)		—
	Income tax (benefit) expense		$	59,959		$	(225,175	)	$	17,034
	Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows as of:
			December 31,
			2013			2012
	Deferred tax assets relating to:
	Fixed assets		$	350,824		$	301,684
	Net operating loss carryforwards			51,161			93,162
	Total deferred tax assets			401,985			394,846
	Valuation allowance			(39,509	)		(85,778	)
	Net deferred tax assets			362,476			309,068
	Deferred tax liabilities relating to:
	Accruals			23,261			15,531
	Total deferred tax liabilities			23,261			15,531
	Total deferred tax assets, net		$	339,215		$	293,537
	As of December 31, 2013, the Company had recorded deferred tax assets of approximately $0.36 million, of which approximately $0.05 million related to net operating losses generated in Luxembourg. The Company recorded a full valuation allowance against the net deferred tax asset in Luxembourg as it was deemed more likely than not that future taxable income would be insufficient to realize future tax benefits. The net operating losses in Luxembourg can be carried forward indefinitely. As of December 31, 2013, the deferred tax assets attributable to the German properties are more likely than not realizable in full. Due to the uncertainty of the timing and ultimate form of a strategic event, the Company will continue to assess the need for a valuation allowance on the German deferred tax assets.
	The Company’s U.S. and foreign losses before income taxes were as follows:
			Year ended December 31,
			2013			2012			2011
	U.S. loss		$	(2,364,644	)	$	(4,533,766	)	$	(3,618,443	)
	Foreign income (loss)			31,757			(1,925,997	)		—
	Total		$	(2,332,887	)	$	(6,459,763	)	$	(3,618,443	)
	A reconciliation of taxes computed at the statutory federal tax rate on income before income taxes to the provision (benefit) for income taxes is as follows:
			Year ended December 31,
			2013						2012					2011
	Tax benefit computed at federal statutory rate		$	(816,510	)		(35.00	%)	$	(2,260,917	)	(35.00	%)	$	(1,266,455	)	(35.00	%)
	Impact of REIT election			816,510			35	%		2,260,917		35	%		1,266,455		35	%
	State income tax provision, net			51,458			2.21	%		43,004		0.67	%		17,034		0.47	%
	Foreign income tax (benefit) expense			8,501			0.36	%		(268,179	)	(4.15	%)		—		—
	Income tax (benefit) expense		$	59,959			2.57	%	$	(225,175	)	(3.48	%)	$	17,034		0.47	%
	The tax years 2010 through 2013 remain subject to examination by taxing authorities throughout the world in major jurisdictions, such as Germany, Luxembourg and the United States.
	As a REIT and to the extent it distributes all its taxable income, the Company will not have federal income tax liability. As of December 31, 2013, the Company had cumulative net operating losses of approximately $1.3 million which will begin to expire in 2030. The Company does not believe it will be able to realize these federal net operating loss carryforwards in the future; therefore, it has not included such amounts in deferred taxes, described above.
	The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies	'
	12	Commitments and Contingencies
	In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal proceedings pending or known to be contemplated against the Company.
	In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and the Company is not aware of any other environmental condition that it believes will have a material adverse effect on the consolidated results of operations.
	See Note 9. “Related Party Arrangements” for information on contingent amounts due to the Company’s Advisor in connection with the Expense Support Agreement.

Concentration_of_Risk

Concentration of Risk	12 Months Ended
	Dec. 31, 2013
Concentration of Risk	'
	13	Concentration of Risk
	The following table provides a summary of the geographic diversification of the Company’s portfolio based on the assets owned as of December 31, 2013 and revenues of properties for the year ended December 31, 2013:
	Geographic Region		Percentage of			Percentage of
			Total Assets			Revenues for the
						Year Ended
						December 31,
						2013
	Texas			43	%		54.3	%
	Florida			34.8	%		27.6	%
	Germany (1)			22.2	%		18.1	%
	Total			100	%		100	%
	FOOTNOTE:
	(1)	Percentages based on amounts converted from Euros to U.S. dollars at (a) an exchange rate of $1.38 per Euro, the exchange rate as of December 31, 2013, with respect to total assets, and (b) an exchange rate of $1.33 per Euro, the average exchange rate for the year ended December 31, 2013, with respect to revenues.
	For the years ended December 31, 2013, 2012 and 2011, the Company had the following tenants that individually accounted for 10% or more of its aggregate total revenues or leased more than 10% of the Company’s total assets as of the end of such periods:
			Percentage of Total Revenues (1)									Percentage of Total Assets (2)
	Tenant		2013			2012			2011			2013			2012
	Mercedes-Benz Financial Services USA, LLC (“Mercedes”)			31.6	%		48.5	%		32.4	%		24.7	%		23.4	%
	DynCorp International, LLC (“DynCorp”)			19.5	%		29.7	%		57.6	%		14.9	%		14.1	%
	Samsonite, LLC (“Samsonite”)			27.6	%		9.2	%		0	%		34.8	%		34.4	%
	FOOTNOTES:
	(1)	Includes contractual rental income, tenant reimbursements, straight-line rent adjustments and amortization of above market lease intangibles.
	(2)	Represents net book value of total assets associated with the property leased by the tenant as of the end of the period presented.
	Failure of any of these tenants to pay contractual lease payments could significantly impact the Company’s results of operations and cash flow from operations which, in turn would impact its ability to pay debt service and make distributions to stockholders.

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2013
Selected Quarterly Financial Data (Unaudited)	'
	14	Selected Quarterly Financial Data (Unaudited)
	The following tables present selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012:
	2013 Quarters		First			Second			Third			Fourth			Year
	Total revenues		$	3,439,381		$	3,465,320		$	3,465,298		$	3,351,761		$	13,721,760
	Acquisition fees and expenses			(33,693	)		(10,902	)		(1,727	)		(11,976	)		(58,298	)
	Operating income			498,294			415,086			563,084			419,789			1,896,253
	Net loss			(747,293	)		(624,309	)		(459,594	)		(561,650	)		(2,392,846	)
	Weighted average number of shares outstanding (basic and diluted)			7,021,861			8,173,289			8,257,410			8,257,410			7,931,165
	Net loss per share of common stock (basic and diluted)		$	(0.11	)	$	(0.08	)	$	(0.06	)	$	(0.07	)	$	(0.30	)
	2012 Quarters		First			Second			Third			Fourth			Year
	Total revenues		$	1,879,883		$	2,001,033		$	1,967,534		$	3,204,341		$	9,052,791
	Acquisition fees and expenses			(579,101	)		(195,739	)		(883,356	)		(1,548,494	)		(3,206,690	)
	Operating loss			(927,933	)		(115,606	)		(759,593	)		(1,231,823	)		(3,034,955	)
	Net loss			(1,607,899	)		(910,096	)		(1,376,890	)		(2,339,703	)		(6,234,588	)
	Weighted average number of shares outstanding (basic and diluted)			3,491,865			4,572,840			5,456,976			6,094,775			4,908,673
	Net loss per share of common stock (basic and diluted)		$	(0.46	)	$	(0.20	)	$	(0.25	)	$	(0.38	)	$	(1.27	)

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events	'
	15	Subsequent Events
	In February 2014, the Company executed a lease amendment with the tenant at its Jacksonville Distribution Center, which included an extension of the term from February 2018 to November 2024, and includes two 5-year renewal options. If exercised the renewal options could extend the term of the lease through November 2034, and could reset the base rent under the lease, subject to a floor. As incentive for entering into the extended lease term, the tenant was granted four months of free rent in 2014, and an additional nine months of free rent at the end of the lease term in 2024. As a result of the lease amendment, the Company’s overall weighted average lease term increased from 4.8 years to 6.7 years, based on annualized base rents as of December 31, 2013.
	In March 2014, the Company’s board of directors approved an amended and restated expense support agreement (the “Amended and Restated Expense Support Agreement”) with the Advisor that provides for the Company to issue forfeitable restricted stock to the Advisor on a quarterly basis in exchange for providing expense support in the event that cash distributions declared exceed modified funds from operations (as defined by the Amended and Restated Expense Support Agreement). In general, the restricted stock will be subject to forfeiture and will only vest if the Company has a liquidity event or disposition event, as defined in the agreement, and targeted stockholder returns have been achieved.

SCHEDULE_IIValuation_and_Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2013
SCHEDULE II-Valuation and Qualifying Accounts	'
	SCHEDULE II—Valuation and Qualifying Accounts
	Years ended December 31, 2013, 2012 and 2011
	Year	Description	Balance at			Charged to		Charged to			Balance at
			Beginning			Costs and		Other			End
			of Year			Expenses		Accounts			of Year
	2011	Deferred tax asset valuation allowance	$	—		$	—	$	—		$	—
			$	—		$	—	$	—		$	—
	2012	Deferred tax asset valuation allowance	$	—		$	—	$	(85,778	)	$	(85,778	)
			$	—		$	—	$	(85,778	)	$	(85,778	)
	2013	Deferred tax asset valuation allowance	$	(85,778	)	$	31,880	$	14,389		$	(39,509	)
			$	(85,778	)	$	31,880	$	14,389		$	(39,509	)

SCHEDULE_IIIREAL_ESTATE_AND_AC

SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2013
SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION	'
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
	As of December 31, 2013 (in thousands)
						Initial Costs						Costs		Gross Amounts at which Carried at Close of Period  (2)
												Capitalized
												Subsequent to
												Acquisition
	Property/Location		Encumbrances			Land & Land		Buildings &		Tenant		Improvements		Land & Land		Buildings &		Tenant		Total		Accumulated			Date of		Date		Life on which
						Improvements		Building		Improvements				Improvements		Building		Improvements				Depreciation			Construction		Acquired		depreciation in
								Improvements								Improvements													latest income
																													statement is
																													computed
	Austin Property-Industrial Building Pflugerville, Texas		$	—		$	1,819	$	2,012	$	53	$	—	$	1,819	$	2,012	$	53	$	3,884	$	(257	)		2000		6/8/11	-1
	Heritage Commons III-Office Building Fort Worth, Texas			11,734			2,608		10,086		414		—		2,608		10,086		414		13,108		(941	)		2006		6/28/11	-1
	Heritage Commons IV-Office Building Fort Worth, Texas			19,756			3,015		15,900		4,026		14		3,015		15,914		4,026		22,955		(2,428	)		2008		10/27/11	-1
	Samsonite – Industrial Distribution Facility Jacksonville, Florida			25,978			6,284		24,545		426		21		6,304		24,545		426		31,275		(979	)		2008		10/12/12	-1
	Giessen – Retail Center Giessen, Germany (3)			3,029			795		3,803		—		—		829		3,966		—		4,795		(186	)		2008		3/8/12	-1
	Worms – Retail Center Worms, Germany (3)			3,869			1,064		4,320		—		—		1,110		4,505		—		5,615		(144	)		2007		9/27/12	-1
	Gutersloh – Retail Center Gutersloh, Germany (3)			2,412			1,102		2,230		—		—		1,150		2,326		—		3,476		(75	)		2007		9/27/12	-1
	Bremerhaven – Retail Center Bremerhaven, Germany (3)			2,299			527		2,894		—		—		550		3,019		—		3,569		(84	)		2007		11/30/12	-1
	Hannover – Retail Center Hannover, Germany (3)			3,373			1,840		2,823		—		—		1,919		2,945		—		4,864		(76	)		2005		12/21/12	-1
			$	72,450		$	19,054	$	68,613	$	4,919	$	35	$	19,304	$	69,318	$	4,919	$	93,541	$	(5,170	)
	A summary of transactions in real estate and accumulated depreciation as of December 31, 2013, 2012 and 2011 are as follows:
	Balance at December 31, 2010		$	—
	2011 Acquisitions			39,933
	Balance at December 31, 2011			39,933
	2012 Acquisitions			52,667
	Balance at December 31, 2012 (3)			92,600
	2013 Acquisitions			—
	2013 Improvements			35
	2013 Effect of foreign currency translation adjustment			906
	Balance at December 31, 2013 (3)		$	93,541
	Balance at December 31, 2010		$	—
	2011 Depreciation			(442	)
	Balance at December 31, 2011			(442	)
	2012 Depreciation			(1,916	)
	Balance at December 31, 2012 (4)			(2,358	)
	2013 Depreciation			(2,812	)
	Balance at December 31, 2013 (4)		$	(5,170	)
	FOOTNOTES:
	(1)	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.
	(2)	The aggregate cost for federal income tax purposes is approximately $126.8 million.
	(3)	Amounts translated at a foreign currency exchange rate as of the end of the applicable period.
	(4)	Amounts translated on an average foreign currency exchange rate during the period.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation – The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	'
	Use of Estimates – The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, analysis of real estate impairments, contingent assets and liabilities and the assessment of probability of repayments of expenses under the expense support agreement. Actual results could differ from those estimates.
Real Estate	'
	Real Estate – Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, and tenant improvements) and identifiable intangible assets (consisting of above- and below-market leases and in-place leases) and allocates the purchase price to the assets acquired and liabilities assumed including debt. In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information.
	The fair value of the tangible assets of an acquired leased property is determined by estimating the value of the property as if it were vacant, and the “as-if-vacant” value is then allocated to land, building and improvements based on the determination of the fair values of these assets.
	Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual amounts to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease. The purchase price is further allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease. Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses.
	Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are 39 and 15 years, respectively. Tenant improvements are depreciated on the straight-line method over the shorter of the asset life or the respective lease term. Expenditures for maintenance and repairs are charged to operations as incurred. Significant renovations and replacements, which improve and extend the life of the asset, are capitalized.
Intangible Assets	'
	Intangible Assets – Amortization of intangible assets is computed using the straight-line method of accounting over the respective lease term or estimated useful life including renewal periods for below-market leases. Above-market or below-market lease intangibles are amortized to rental income over the estimated remaining terms of the respective leases. In-place lease intangibles are amortized over the remaining terms of the respective leases and charged to depreciation and amortization. If a lease were to be terminated prior to its scheduled expiration, all unamortized amounts related to the lease would be written off. Intangible assets are evaluated for impairment on an annual basis or upon a triggering event.
Impairment of Real Estate Assets	'
	Impairment of Real Estate Assets – Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property’s asset group is potentially impaired, management compares the estimated current and projected undiscounted operating cash flows, including estimated net sales proceeds, of the property over its expected holding period to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset to the estimated fair value of the property less costs to sell.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents – Cash and cash equivalents consist of cash on hand and highly liquid investments purchased with original maturities of three months or less.
	As of December 31, 2013, the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash and cash equivalents, primarily with the goal of safety of principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash.
Restricted Cash	'
	Restricted Cash – Certain amounts of cash are deposited in a lockbox with the lender or are restricted to fund future expenditures for the Company’s real estate properties. Such amounts have been classified as restricted cash on the consolidated balance sheets.
Foreign Currency Translation	'
	Foreign Currency Translation – The accounting records for the Company’s consolidated subsidiaries that own the properties in Germany are maintained in the functional currency (Euros), and revenues and expenses are translated using the average exchange rates during the applicable period presented. Assets and liabilities are translated to U.S. dollars using the exchange rate in effect at the applicable balance sheet date. The resulting translation adjustments are reflected in other comprehensive income in the statements of stockholders’ equity as a cumulative foreign currency translation adjustment. Any gains and losses from foreign currency transactions are included in the accompanying consolidated statements of operations.
Fair Value Measurements	'
	Fair Value Measurements – Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:
		•	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.
		•	Level 2 – Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.
		•	Level 3 – Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.
	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
Revenue Recognition	'
	Revenue Recognition – Real estate owned as of December 31, 2013 is leased to tenants, whereby the tenant is responsible for some or, in the case of the Company’s two triple-net-leased properties, all of the operating expenses relating to the property, including property taxes, insurance, maintenance and repairs. The leases are accounted for using the operating method. Under the operating method, revenue is recognized as rentals are earned and expenses (including depreciation) are charged to operations as incurred. Rental revenue from leases is recorded on the straight-line basis over the terms of the leases. Tenant reimbursement income represents amounts tenants are required to reimburse the Company in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred.
Mortgages and Other Notes Payable	'
	Mortgages and Other Notes Payable – Mortgages and other notes payable acquired are recorded at the stated principal amount and are collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition.
Loan Costs	'
	Loan Costs – Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest rate method. As of December 31, 2013 and 2012, accumulated amortization of loan costs were approximately $1.0 million and $0.7 million, respectively.
Acquisition Fees and Expenses	'
	Acquisition Fees and Expenses – Acquisition fees, including investment services fees, and expenses associated with transactions deemed to be business combinations are expensed as incurred.
Redemptions	'
	Redemptions – Under the Company’s stock redemption plan, a stockholder’s shares are deemed to be redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder, by virtue of such redemption, is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue.
Income Taxes	'
	Income Taxes – The Company has elected and qualified as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, and related regulations beginning with the year ended December 31, 2010. As a REIT, the Company generally is not subject to federal corporate income taxes provided it continues to distribute at least 90% of its REIT taxable income and capital gains and meets certain other requirements for qualifying as a REIT.
	As a REIT, the Company may be subject to certain state and foreign income taxes. These state and foreign income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit carry forwards.
	Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
Net Loss Per Share	'
	Net Loss Per Share – Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the periods.
Reclassifications	'
	Reclassifications – Certain amounts in the consolidated statement of operations for the year ended December 31, 2011 and the consolidated statement of cash flows for the year ended December 31, 2011 have been reclassified to conform to the current year presentation with no effect on previously reported net loss or stockholders’ equity.
Segment Information	'
	Segment Information – Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one business segment, real estate ownership. Accordingly, the Company does not report more than one segment.
Adopted Accounting Pronouncements	'
	Adopted Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI).” This update clarified the guidance and requires preparers to report, in one place, information about reclassifications out of AOCI. The ASU also requires companies to report changes in AOCI balances. Effective January 1, 2013, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements – In March 2013, the FASB issued ASU No. 2013-05, “Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” This update affects entities that cease to hold a controlling financial interest (as described in subtopic 810-10) in a subsidiary or group of assets within a foreign entity when the subsidiary or group of assets is a business and there is a cumulative translation adjustment balance associated with that foreign entity. The update also affects entities that lose a controlling financial interest in an investment in a foreign entity (by sale or other transfer event) and those that acquire a business in stages (sometimes also referred to as a step acquisition) by increasing an investment in a foreign entity from one accounted for under the equity method to one accounted for as a consolidated investment. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. The Company will continue to assess whether this update will have a material impact on the Company’s financial position, results of operations or cash flows on future annual and interim periods.
	In April 2013, the FASB issued ASU No. 2013-07, “Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting.” This update requires entities to prepare financial statements using the liquidation basis of accounting when liquidation is imminent. For applicable entities, this ASU requires financial statements be prepared using the liquidation basis of accounting to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any items it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities (for example, trademarks). This ASU is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. The Company will continue to assess whether this update will have a material impact on the Company’s financial position, results of operations or cash flows on future annual and interim periods.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. The unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This ASU is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions_Tables

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Real Estate Investment Properties Acquired	'
	During the year ended December 31, 2012, the Company acquired the following real estate investment properties:
	Name and Location		Date		Description	Leasable			Initial
			Acquired			Square Footage			Purchase Price (1)
						(unaudited)
	Giessen Retail Center		3/8/12		Value Retail Center		34,700		$	5,244,136
	Giessen, Germany
	Worms Retail Center		9/27/12		Value Retail Center		41,944			5,834,110
	Worms, Germany
	Gutersloh Retail Center		9/27/12		Value Retail Center		19,375			3,596,095
	Gutersloh, Germany
	Jacksonville Distribution Center		10/12/12		Distribution Facility		817,632			42,500,000
	Jacksonville, Florida
	Bremerhaven Retail Center		11/30/12		Value Retail Center		33,121			3,770,000
	Bremerhaven, Germany
	Hannover Retail Center		12/21/12		Value Retail Center		26,784			5,370,559
	Hannover, Germany
	Total								$	66,314,900
	FOOTNOTE:
	(1)	Where applicable, amounts translated from Euros to U.S. dollars at exchange rate for the respective acquisition date.
	During the year ended December 31, 2011, the Company acquired the following real estate investment properties:
	Name and Location		Date		Description	Leasable			Initial
			Acquired			Square Footage			Purchase Price
						(unaudited)
	Austin Property		6/8/11		Light Industrial Building		51,189		$	4,550,000
	Pflugerville, Texas
	Heritage Commons III		6/28/11		Office Building		119,001			18,750,000
	Fort Worth, Texas
	Heritage Commons IV		10/27/11		Office Building		164,333			31,000,000
	Fort Worth, Texas
	Total								$	54,300,000
Summarizes allocation of purchase price and estimated fair values of assets and liabilities	'
	The following summarizes the allocation of the purchase prices for the 2012 and 2011 acquisitions and the estimated fair values of the assets acquired and liabilities assumed:
			2012			2011
	Assets
	Land and land improvements		$	11,548,728		$	7,442,000
	Building and improvements			40,402,525			27,998,000
	Tenant improvements			425,600			4,493,000
	Lease intangibles (1)			13,829,547			14,367,000
	Other assets			108,500			—
	Liabilities
	Assumed mortgage note payable			(26,729,364	)		—
	Accrued real estate taxes			—			(200,531	)
	Net assets acquired		$	39,585,536		$	54,099,469
	FOOTNOTE:
	(1)	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 6.3 years and 7 years, respectively.
Pro Forma Results of Operations	'
	The following presents the unaudited pro forma revenues and net loss of the Company as if the properties purchased during 2012 had each been acquired as of January 1, 2011 and the unaudited pro forma revenues and net loss of the Company as if the properties purchased during 2011 had each been acquired as of January 1, 2010:
			Year Ended December 31,
			2012			2011
			(Unaudited)			(Unaudited)
	Revenues		$	13,203,572		$	8,193,402
	Net loss (1)		$	(2,243,137	)	$	(6,063,016	)
	Net loss per share of common stock (basic and diluted)		$	(0.39	)	$	(1.32	)
	Weighted average number of shares of common stock outstanding (basic and diluted) (2)			5,825,660			4,608,853
	FOOTNOTES:
	(1)	The pro forma results, for the year ended December 31, 2012, were adjusted to exclude approximately $2.3 million of acquisition related expenses incurred in 2012. The pro forma results for the year ended December 31, 2011, were adjusted to include these charges as if the properties had been acquired on January 1, 2011.
	(2)	As a result of these properties being treated as operational since January 1, 2011, the Company assumed approximately 2.9 million additional shares of common stock had been issued as of January 1, 2011. Consequently, the weighted average number of shares outstanding was adjusted to reflect the pro forma amount of the additional shares being issued on January 1, 2011 instead of the actual dates issued, and such shares were treated as outstanding for the full period.

Real_Estate_Investment_Propert1

Real Estate Investment Properties, net (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate Investment Properties	'
	As of December 31, 2013 and 2012, real estate investment properties consisted of the following:
		December 31,			December 31,
		2013			2012
	Land and land improvements	$	19,303,766		$	19,053,648
	Building and improvements		69,318,349			68,626,867
	Tenant improvements		4,918,600			4,918,600
	Equipment		14,202			—
	Less: accumulated depreciation		(5,170,162	)		(2,357,894	)
		$	88,384,755		$	90,241,221

Operating_Leases_Tables

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2013
Schedule of Future Minimum Lease Payments	'
	The following is a schedule of future minimum lease payments to be received for each of the next five years and thereafter, in the aggregate, under non-cancellable operating leases, based on an exchange rate of $1.33 per Euro for our foreign properties, as of December 31, 2013:
	2014	$	12,712,276
	2015		12,749,744
	2016		12,371,304
	2017		12,138,404
	2018		7,387,501
	Thereafter		3,716,238
		$	61,075,467

Lease_Intangibles_net_Tables

Lease Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Gross Carrying Amount and Accumulated Amortization of Intangible Assets	'
	The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2013 and 2012 are as follows:
		December 31,			December 31,
		2013			2012
	In place leases	$	26,358,265		$	26,255,600
	Above-market leases		2,024,899			2,008,784
	Gross carrying amount		28,383,164			28,264,384
	Accumulated amortization		(7,938,355	)		(3,352,478	)
	Net book value	$	20,444,809		$	24,911,906
Estimated Future Amortization	'
	The estimated future amortization for the Company’s intangible assets for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 was as follows:
		In place			Above-market
		leases			leases
	2014	$	4,243,623		$	338,206
	2015		4,240,166			337,512
	2016		4,107,343			331,359
	2017		3,931,316			331,359
	2018		2,021,779			121,575
	Thereafter		363,242			77,329
		$	18,907,469		$	1,537,340

Contingent_Purchase_Price_Cons1

Contingent Purchase Price Consideration (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value of Contingent Purchase Price Consideration	'
	The following table provides a roll-forward of the fair value of the contingent purchase price consideration for the years ended December 31, 2013 and 2012:
		Year Ended December 31,
		2013			2012
	Beginning balance	$	108,500		$	—
	Issuance of contingent consideration in connection with acquisition		—			108,500
	Change in fair value		(108,500	)		—
	Ending balance	$	—		$	108,500

Indebtedness_Tables

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2013
Indebtedness	'
	The following table provides details of the Company’s indebtedness as of December 31, 2013 and 2012:
	Property and Related Loan		Outstanding		Outstanding		Interest Rate	Payment Terms	Maturity
			Balance as of		Balance as of
			December 31, 2013		December 31, 2012				Date (1)
			(in millions)		(in millions)
	Jacksonville Distribution Center, mortgage loan (2)		$	26	$	26.6	6.08% per annum	$187,319 monthly principal and interest payments based on a 25-year amortization	9/1/23
	Heritage Commons IV; mortgage loan (3)			19.8		20.1	6.018% per annum	$132,307 monthly principal and interest payments based on a 25-year amortization	11/1/16
	Heritage Commons III; mortgage loan (3)			11.7		12	4.7% per annum	$70,338 monthly principal and interest payments based on a 25-year amortization	7/1/16
	Heritage Commons IV, mezzanine loan (4)			—		4	11% per annum	$36,667 monthly interest only payment	Not
									applicable
	Austin Property; Credit Facility			—		0.8	Variable, LIBOR plus 2.75% or 3.25%, or lenders prime rate plus 0.25% or 0.75%, depending on certain factors	Monthly interest only payments	Not applicable
	Worms Retail Center (6)			3.9		3.7	2.98% per annum	-7	8/1/19
	Hannover Retail Center (6)			3.4		3.3	2.78% per annum	-7	8/1/19
	Giessen Retail Center (5)			3		2.9	3.7% per annum, subject to renegotiation after 10 years	$9,339 monthly interest only payments until March 8, 2017, then $21,960 monthly principal and interest payments through maturity date (5)	3/8/32
	Gütersloh Retail Center (6)			2.4		2.3	3.17% per annum	-7	8/1/19
	Bremerhaven Retail Center (6)			2.3		2.2	2.87% per annum	-7	8/1/19
	Total		$	72.5	$	77.9
	FOOTNOTES:
	(1)	Represents the initial maturity date, which may be extended beyond the date shown.
	(2)	The Company assumed an existing secured first mortgage on the Jacksonville Distribution Center. The existing mortgage may be prepaid, in full but not in part, subject to a reinvestment charge for any prepayment occurring sooner than six months before maturity.
	(3)	The loans may be extended for an additional term not to exceed beyond December 1, 2018 and September 1, 2018 for Heritage Commons III and Heritage Commons IV, respectively, subject to the interest rate increasing to 9.7% per annum for Heritage Commons III and 11.018% per annum for Heritage Commons IV.
	(4)	A portion of the purchase price for Heritage Commons IV was funded by a mezzanine loan (the “Mezz Loan”). The Mezz Loan was extinguished in 2013 prior to its expiration.
	-5	The amount of the outstanding loan balances and the amount of the monthly payments were translated from Euros to U.S. dollars at the exchange rate applicable on December 31, 2013 and 2012.
	(6)	In connection with the acquisition of the properties, the Company obtained a senior secured loan in the aggregate principal amount of approximately €8.7 million or $11.5 million based on using the exchange rate from Euros to U.S. dollars applicable on the date of purchase of the properties. In the event of a sale of the properties, or the early repayment of proportionate loan amounts, the lender shall be entitled to a payment of approximately €3.4 million with respect to the Worms Retail Center, approximately €2.1 million with respect to the Gütersloh Retail Center, approximately €2.0 million with respect to the Bremerhaven Retail Center, and approximately €2.9 million with respect to the Hannover Retail Center. These amounts would equate to $4.7 million, $2.9 million, $2.8 million and $4.0 million, respectively, if translated from Euros to U.S. dollars at the exchange rate applicable on December 31, 2013.
	(7)	Interest-only payments are payable semi-annually in arrears, on January 15 and July 15 of each year, during the first five years. Commencing on January 15, 2018, amortized semi-annual payments of principal become due and payable as follows: January 15, 2018 – 1.25% of the original principal balance; July 15, 2018 – 1.25% of the original principal balance; January 15, 2019 – 1.5% of the original principal balance; and July 15, 2019 – 1.5% of the original principal balance.
Schedule of Maturities of Indebtedness	'
	Maturities of indebtedness for the next five years and thereafter, in aggregate, as of December 31, 2013 are:
	2014		$	1,347,879
	2015			1,452,414
	2016 (1)			30,882,372
	2017			939,415
	2018			1,333,169
	Thereafter			36,494,807
			$	72,450,056
	FOOTNOTE:
	-1	For the purposes of the five year maturity table above, management assumed that the principal amounts outstanding on two of the mortgage notes payable are repaid at the anticipated repayment date, as defined in the respective loan agreements.

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	12 Months Ended
	Dec. 31, 2013
Fees and Reimbursable Expenses Incurred and Due	'
	Amounts due to related parties for fees and reimbursable costs and expenses described above were as follows as of December 31:
			2013			2012
	Due to Managing Dealer:
	Selling commissions		$	—		$	23,520
	Marketing support fees			—			10,080
				—			33,600
	Due to Property Manager:
	Property management fees			62,748			37,012
				62,748			37,012
	Due to the Advisor and its affiliates:
	Reimbursable offering costs			—			16,800
	Reimbursable operating expenses			191,504			406,668
	Investment services fees			—			422,088
				191,504			845,556
			$	254,252		$	916,168
Managing Dealer	'
Fees and Reimbursable Expenses Incurred and Due	'
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred the following stock issuance costs due to the Managing Dealer in connection with its Offering:
			Year ended December 31,
			2013			2012			2011
	Selling commissions (1)		$	1,299,186		$	2,405,147		$	1,401,721
	Marketing support fees (1)			571,295			1,030,777			600,738
			$	1,870,481		$	3,435,924		$	2,002,459
Advisor And Its Affiliates	'
Fees and Reimbursable Expenses Incurred and Due	'
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred the following fees and reimbursable expenses due to the Advisor and its affiliates:
			Year ended December 31,
			2013			2012			2011
	Reimbursable costs and expenses:
	Offering costs (1)		$	989,277		$	1,776,993		$	1,022,278
	Operating expenses (2)			727,280			1,121,334			866,478
	Acquisition fees and expenses (3)			154			50,119			28,573
				1,716,711			2,948,446			1,917,509
	Investment services fees (3) (4)			—			1,222,234			1,004,550
	Asset management fees			1,206,116			679,802			168,180
	Property management fees (4)			404,543			255,616			67,494
	Expense support (5)			(1,764,373	)		(1,073,984	)		—
			$	1,562,997		$	4,032,114		$	3,157,733
	FOOTNOTES:
	(1)	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity.
	(2)	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations.
	(3)	Amounts are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
	(4)	Includes amounts paid directly by subsidiaries of the Company to a sub-advisor of the Advisor that was indirectly affiliated with one of the Company’s directors during the years ended December 31, 2013 and 2012.
	(5)	See description of the expense support below.

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Schedule of Components of Income Tax Benefit (Provision)	'
	The components of the provision (benefit) for income taxes for the years ended December 31, 2013, 2012 and 2011 were as follows:
		Year Ended December 31,
		2013			2012			2011
	Current:
	Federal	$	—		$	—		$	—
	State		51,458			43,004			17,034
	Foreign		40,381			17,815			—
	Total current provision		91,839			60,819			17,034
	Deferred:
	Federal		—			—			—
	State		—			—			—
	Foreign		(31,880	)		(285,994	)		—
	Total deferred benefit		(31,880	)		(285,994	)		—
	Income tax (benefit) expense	$	59,959		$	(225,175	)	$	17,034
Components of Deferred Tax Liabilities and Assets	'
	Significant components of the Company’s deferred tax assets and liabilities are as follows as of:
		December 31,
		2013			2012
	Deferred tax assets relating to:
	Fixed assets	$	350,824		$	301,684
	Net operating loss carryforwards		51,161			93,162
	Total deferred tax assets		401,985			394,846
	Valuation allowance		(39,509	)		(85,778	)
	Net deferred tax assets		362,476			309,068
	Deferred tax liabilities relating to:
	Accruals		23,261			15,531
	Total deferred tax liabilities		23,261			15,531
	Total deferred tax assets, net	$	339,215		$	293,537
Schedule of Income before Income Tax, Domestic and Foreign	'
	The Company’s U.S. and foreign losses before income taxes were as follows:
		Year ended December 31,
		2013			2012			2011
	U.S. loss	$	(2,364,644	)	$	(4,533,766	)	$	(3,618,443	)
	Foreign income (loss)		31,757			(1,925,997	)		—
	Total	$	(2,332,887	)	$	(6,459,763	)	$	(3,618,443	)
Reconciliation of Taxes Computed at Statutory Federal Tax Rate on Income before Income Taxes to the Provision Benefit for Income Taxes	'
	A reconciliation of taxes computed at the statutory federal tax rate on income before income taxes to the provision (benefit) for income taxes is as follows:
		Year ended December 31,
		2013						2012					2011
	Tax benefit computed at federal statutory rate	$	(816,510	)		(35.00	%)	$	(2,260,917	)	(35.00	%)	$	(1,266,455	)	(35.00	%)
	Impact of REIT election		816,510			35	%		2,260,917		35	%		1,266,455		35	%
	State income tax provision, net		51,458			2.21	%		43,004		0.67	%		17,034		0.47	%
	Foreign income tax (benefit) expense		8,501			0.36	%		(268,179	)	(4.15	%)		—		—
	Income tax (benefit) expense	$	59,959			2.57	%	$	(225,175	)	(3.48	%)	$	17,034		0.47	%

Concentration_of_Risk_Tables

Concentration of Risk (Tables)	12 Months Ended
	Dec. 31, 2013
Portfolio Based on Assets Owned and Revenues of Properties	'
	The following table provides a summary of the geographic diversification of the Company’s portfolio based on the assets owned as of December 31, 2013 and revenues of properties for the year ended December 31, 2013:
	Geographic Region		Percentage of			Percentage of
			Total Assets			Revenues for the
						Year Ended
						December 31,
						2013
	Texas			43	%		54.3	%
	Florida			34.8	%		27.6	%
	Germany (1)			22.2	%		18.1	%
	Total			100	%		100	%
	FOOTNOTE:
	(1)	Percentages based on amounts converted from Euros to U.S. dollars at (a) an exchange rate of $1.38 per Euro, the exchange rate as of December 31, 2013, with respect to total assets, and (b) an exchange rate of $1.33 per Euro, the average exchange rate for the year ended December 31, 2013, with respect to revenues.
Tenants that Individually Account for Ten Percent or More of Aggregate Total Revenues or Leased More Than Ten Percent of Assets	'
	For the years ended December 31, 2013, 2012 and 2011, the Company had the following tenants that individually accounted for 10% or more of its aggregate total revenues or leased more than 10% of the Company’s total assets as of the end of such periods:
			Percentage of Total Revenues (1)									Percentage of Total Assets (2)
	Tenant		2013			2012			2011			2013			2012
	Mercedes-Benz Financial Services USA, LLC (“Mercedes”)			31.6	%		48.5	%		32.4	%		24.7	%		23.4	%
	DynCorp International, LLC (“DynCorp”)			19.5	%		29.7	%		57.6	%		14.9	%		14.1	%
	Samsonite, LLC (“Samsonite”)			27.6	%		9.2	%		0	%		34.8	%		34.4	%
	FOOTNOTES:
	(1)	Includes contractual rental income, tenant reimbursements, straight-line rent adjustments and amortization of above market lease intangibles.
	(2)	Represents net book value of total assets associated with the property leased by the tenant as of the end of the period presented.

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Unaudited Quarterly Financial Data	'
	The following tables present selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012:
	2013 Quarters	First			Second			Third			Fourth			Year
	Total revenues	$	3,439,381		$	3,465,320		$	3,465,298		$	3,351,761		$	13,721,760
	Acquisition fees and expenses		(33,693	)		(10,902	)		(1,727	)		(11,976	)		(58,298	)
	Operating income		498,294			415,086			563,084			419,789			1,896,253
	Net loss		(747,293	)		(624,309	)		(459,594	)		(561,650	)		(2,392,846	)
	Weighted average number of shares outstanding (basic and diluted)		7,021,861			8,173,289			8,257,410			8,257,410			7,931,165
	Net loss per share of common stock (basic and diluted)	$	(0.11	)	$	(0.08	)	$	(0.06	)	$	(0.07	)	$	(0.30	)
	2012 Quarters	First			Second			Third			Fourth			Year
	Total revenues	$	1,879,883		$	2,001,033		$	1,967,534		$	3,204,341		$	9,052,791
	Acquisition fees and expenses		(579,101	)		(195,739	)		(883,356	)		(1,548,494	)		(3,206,690	)
	Operating loss		(927,933	)		(115,606	)		(759,593	)		(1,231,823	)		(3,034,955	)
	Net loss		(1,607,899	)		(910,096	)		(1,376,890	)		(2,339,703	)		(6,234,588	)
	Weighted average number of shares outstanding (basic and diluted)		3,491,865			4,572,840			5,456,976			6,094,775			4,908,673
	Net loss per share of common stock (basic and diluted)	$	(0.46	)	$	(0.20	)	$	(0.25	)	$	(0.38	)	$	(1.27	)

Business_and_Organization_Addi

Business and Organization - Additional Information (Detail) (USD $)	12 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Apr. 23, 2010
Property Subject to or Available for Operating Lease [Line Items]	'	'
Initial public offering, maximum value of shares	'	$1,500,000,000
Initial public offering, maximum shares	'	150
Common stock per share value	'	$10
Initial public offering, aggregate offering proceeds received	$83,700,000	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	Segment
Summary Of Significant Accounting Policies [Line Items]	'	'
Accumulated amortization of loan costs	$1	$0.70
REIT taxable income tax percentage	90.00%	'
Operating segment	1	'
Maximum	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Reportable segment	1	'
Buildings	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Property, plant and Equipments, estimated useful life	'39 years	'
Building Improvements	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Property, plant and Equipments, estimated useful life	'15 years	'

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition [Line Items]	'	'	'
Number of acquisitions	0	'	'
Revenues attributable to the property	'	$1.50	$2.50
Net losses attributable to the property	'	($3.10)	($1.90)

Acquisition_of_Real_Estate_Inv

Acquisition of Real Estate Investment Properties (Detail) (USD $)

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Dec. 31, 2011

Giessen Retail Center

Worms Retail Center

Gutersloh Retail Center

Jacksonville Distribution Center

Bremerhaven Retail Center

Hannover Retail Center

Austin Property Pflugerville, Texas

Heritage Commons III Fort Worth, Texas

Heritage Commons IV Fort Worth, Texas

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

sqft

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Name and Location

'

'

'Giessen Retail Center Giessen, Germany

'Worms Retail Center Worms, Germany

'Gutersloh Retail Center Gutersloh, Germany

'Jacksonville Distribution Center Jacksonville, Florida

'Bremerhaven Retail Center Bremerhaven, Germany

'Hannover Retail Center Hannover, Germany

'Austin Property Pflugerville, Texas

'Heritage Commons III Fort Worth, Texas

'Heritage Commons IV Fort Worth, Texas

Date Acquired

'

'

8-Mar-12

27-Sep-12

27-Sep-12

12-Oct-12

30-Nov-12

21-Dec-12

8-Jun-11

28-Jun-11

27-Oct-11

Description

'

'

'Value Retail Center

'Value Retail Center

'Value Retail Center

'Distribution Facility

'Value Retail Center

'Value Retail Center

'Light Industrial Building

'Office Building

'Office Building

Leasable Square Footage

'

'

34,700

41,944

19,375

817,632

33,121

26,784

51,189

119,001

164,333

Initial Purchase Price

$66,314,900

[1]

'

$5,244,136

[1]

$5,834,110

[1]

$3,596,095

[1]

$42,500,000

[1]

$3,770,000

[1]

$5,370,559

[1]

'

'

'

Initial Purchase Price

'

$54,300,000

'

'

'

'

'

'

$4,550,000

$18,750,000

$31,000,000

[1]

Where applicable, amounts translated from Euros to U.S. dollars at exchange rate for the respective acquisition date.

Allocation_of_Purchase_Prices_

Allocation of Purchase Prices for Acquisition (Detail) (USD $)	Dec. 31, 2012		Dec. 31, 2011
Assets	'		'
Land and land improvements	$11,548,728		$7,442,000
Building and improvements	40,402,525		27,998,000
Tenant improvements	425,600		4,493,000
Lease intangibles	13,829,547	[1]	14,367,000	[1]
Other assets	108,500		'
Liabilities	'		'
Assumed mortgage note payable	-26,729,364		'
Accrued real estate taxes	'		-200,531
Net assets acquired	$39,585,536		$54,099,469
[1]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 6.3 years and 7 years, respectively.

Allocation_of_Purchase_Prices_1

Allocation of Purchase Prices for Acquisition (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]	'	'
Lease intangibles, weighted-average amortization period	'6 years 3 months 18 days	'7 years

Unaudited_proforma_Revenues_an

Unaudited proforma Revenues and Net Loss of the Company (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011
Business Acquisition, Pro Forma Information [Line Items]	'		'
Revenues	$13,203,572		$8,193,402
Net loss	($2,243,137)	[1]	($6,063,016)	[1]
Net loss per share of common stock (basic and diluted)	($0.39)		($1.32)
Weighted average number of shares of common stock outstanding (basic and diluted)	5,825,660	[2]	4,608,853	[2]
[1]	The pro forma results, for the year ended December 31, 2012, were adjusted to exclude approximately $2.3 million of acquisition related expenses incurred in 2012. The pro forma results for the year ended December 31, 2011, were adjusted to include these charges as if the properties had been acquired on January 1, 2011.
[2]	As a result of these properties being treated as operational since January 1, 2011, the Company assumed approximately 2.9 million additional shares of common stock had been issued as of January 1, 2011. Consequently, the weighted average number of shares outstanding was adjusted to reflect the pro forma amount of the additional shares being issued on January 1, 2011 instead of the actual dates issued, and such shares were treated as outstanding for the full period.

Unaudited_proforma_Revenues_an1

Unaudited proforma Revenues and Net Loss of the Company (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2010
Business Acquisition, Pro Forma Information [Line Items]	'	'
Pro forma Acquisition related expenses excluded	$2.30	'
Shares assumed as issued as a result of properties being treated operational	'	2.9

Real_Estate_Investment_Propert2

Real Estate Investment Properties (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate Properties [Line Items]	'	'	'
Land and land improvements	'	$11,548,728	$7,442,000
Building and improvements	'	40,402,525	27,998,000
Tenant improvements	'	425,600	4,493,000
Total	88,384,755	90,241,221	'
Real Estate	'	'	'
Real Estate Properties [Line Items]	'	'	'
Land and land improvements	19,303,766	19,053,648	'
Building and improvements	69,318,349	68,626,867	'
Tenant improvements	4,918,600	4,918,600	'
Equipment	14,202	'	'
Less: accumulated depreciation	-5,170,162	-2,357,894	'
Total	$88,384,755	$90,241,221	'

Real_Estate_Investment_Propert3

Real Estate Investment Properties Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate Properties [Line Items]	'	'	'
Depreciation expense on real estate investment properties	$2.80	$1.90	$0.40

Operating_Leases_Additional_In

Operating Leases - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
	Property
Operating Leased Assets [Line Items]	'
Number of owned properties	9
Weighted average remaining lease term	'4 years 9 months 18 days
Lease terms of properties	2
Total annualized property taxes assessed	$0.60
Exchange rate per Euro	1.33
Minimum	'
Operating Leased Assets [Line Items]	'
Options to renew for an additional years	'2 years
Remaining expiration terms	'2015
Maximum	'
Operating Leased Assets [Line Items]	'
Options to renew for an additional years	'10 years
Remaining expiration terms	'2023

Future_Minimum_Lease_Payments_

Future Minimum Lease Payments (Detail) (USD $)	Dec. 31, 2013
Long-term Purchase Commitment [Line Items]	'
2014	$12,712,276
2015	12,749,744
2016	12,371,304
2017	12,138,404
2018	7,387,501
Thereafter	3,716,238
Total future minimum lease payments	$61,075,467

Gross_Carrying_Amount_and_Accu

Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'	'
Gross carrying amount	$28,383,164	$28,264,384
Accumulated amortization	-7,938,355	-3,352,478
Net Book Value	20,444,809	24,911,906
In place leases	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross carrying amount	26,358,265	26,255,600
Above-market leases	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Gross carrying amount	2,024,899	2,008,784
Net Book Value	$1,537,340	'

Lease_Intangibles_Net_Addition

Lease Intangibles Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization of intangibles including above market lease	$4.60	$2.70	$0.70
Weighted average useful lives of leases	'	'6 years 3 months 18 days	'7 years
In place leases	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization of above market leases	0.3	0.1	0.02
Weighted average useful lives of leases	'4 years 9 months 18 days	'5 years 9 months 18 days	'
Above-market leases	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization of Intangible Assets	$4.30	$2.60	$0.60
Weighted average useful lives of leases	'4 years 8 months 12 days	'5 years 8 months 12 days	'

Estimated_Future_Amortization_

Estimated Future Amortization Expense (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Estimated Future Amortization Expense [Line Items]	'	'
Net Book Value	$20,444,809	$24,911,906
In place leases	'	'
Schedule Of Estimated Future Amortization Expense [Line Items]	'	'
2014	4,243,623	'
2015	4,240,166	'
2016	4,107,343	'
2017	3,931,316	'
2018	2,021,779	'
Thereafter	363,242	'
Net Book Value	18,907,469	'
Above-market leases	'	'
Schedule Of Estimated Future Amortization Expense [Line Items]	'	'
2014	338,206	'
2015	337,512	'
2016	331,359	'
2017	331,359	'
2018	121,575	'
Thereafter	77,329	'
Net Book Value	$1,537,340	'

Contingent_Purchase_Price_Cons2

Contingent Purchase Price Consideration - Additional Information (Detail) (Jacksonville Distribution Center, USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Jacksonville Distribution Center	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'
Contingent purchase price consideration an escrow account	$1	'
Contingent purchase consideration probability of renewal by tenant	'	0.1
Contingent purchase consideration reduction in fair value of asset due to escrow release	($0.10)	'

Rollforward_of_Fair_Value_of_C

Roll-forward of Fair Value of Contingent Purchase Price Consideration (Detail) (Level 3, USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Level 3	'	'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	$108,500	'
Issuance of contingent consideration in connection with acquisition	'	108,500
Change in fair value	-108,500	'
Ending balance	'	$108,500

Details_of_Indebtedness_Detail

Details of Indebtedness (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	$72,500,000		$77,900,000
Jacksonville Distribution Center | Mortgages	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	26,000,000	[1]	26,600,000	[1]
Debt Interest Rate, terms	'6.08% per annum	[1]	'
Debt Interest Rate, rate	6.08%	[1]	'
Debt Payment Terms	'$187,319 monthly principal and interest payments based on a 25-year amortization	[1]	'
Debt, Monthly principal and interest payment	187,319	[1]	'
Debt, amortization period	'25 years	[1]	'
Maturity Date	1-Sep-23	[1],[2]	'
Heritage Commons IV Fort Worth, Texas | Mortgages	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	19,800,000	[3]	20,100,000	[3]
Debt Interest Rate, terms	'6.018% per annum	[3]	'
Debt Interest Rate, rate	6.02%	[3]	'
Debt Payment Terms	'$132,307 monthly principal and interest payments based on a 25-year amortization	[3]	'
Debt, Monthly principal and interest payment	132,307	[3]	'
Debt, amortization period	'25 years	[3]	'
Maturity Date	1-Nov-16	[2],[3]	'
Heritage Commons IV Fort Worth, Texas | Mezzanine Loan	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	'		4,000,000	[4]
Debt Interest Rate, terms	'11% per annum	[4]	'
Debt Interest Rate, rate	11.00%	[4]	'
Debt Payment Terms	'$36,667 monthly interest only payment	[4]	'
Debt, Monthly interest payment	36,667	[4]	'
Heritage Commons III Fort Worth, Texas | Mortgages	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	11,700,000	[3]	12,000,000	[3]
Debt Interest Rate, terms	'4.7% per annum	[3]	'
Debt Interest Rate, rate	4.70%	[3]	'
Debt Payment Terms	'$70,338 monthly principal and interest payments based on a 25-year amortization	[3]	'
Debt, Monthly principal and interest payment	70,338	[3]	'
Debt, amortization period	'25 years	[3]	'
Maturity Date	1-Jul-16	[2],[3]	'
Austin Property Pflugerville, Texas | Credit Facility	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	'		800,000
Debt Interest Rate, terms	'Variable, LIBOR plus 2.75% or 3.25%, or lenders prime rate plus 0.25% or 0.75%, depending on certain factors		'
Debt Payment Terms	'Monthly interest only payments		'
Worms Retail Center	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	3,900,000	[5]	3,700,000	[5]
Debt Interest Rate, terms	'2.98% per annum	[5]	'
Debt Interest Rate, rate	2.98%	[5]	'
Maturity Date	1-Aug-19	[2],[5]	'
Hannover Retail Center	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	3,400,000	[5]	3,300,000	[5]
Debt Interest Rate, terms	'2.78% per annum	[5]	'
Debt Interest Rate, rate	2.78%	[5]	'
Maturity Date	1-Aug-19	[2],[5]	'
Giessen Retail Center	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	3,000,000	[6]	2,900,000	[6]
Debt Interest Rate, terms	'3.7% per annum, subject to renegotiation after 10 years	[6]	'
Debt Interest Rate, rate	3.70%	[6]	'
Debt Interest Rate, terms	'10 years	[6]	'
Debt Payment Terms	'$9,339 monthly interest only payments until March 8, 2017, then $21,960 monthly principal and interest payments through maturity date	[6]	'
Debt, Monthly principal and interest payment	21,960	[6]	'
Debt, Monthly interest payment	9,339	[6]	'
Maturity Date	8-Mar-32	[2],[6]	'
Gutersloh Retail Center	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	2,400,000	[5]	2,300,000	[5]
Debt Interest Rate, terms	'3.17% per annum	[5]	'
Debt Interest Rate, rate	3.17%	[5]	'
Maturity Date	1-Aug-19	[2],[5]	'
Bremerhaven Retail Center	'		'
Debt Instrument [Line Items]	'		'
Debt, Outstanding Balance	$2,300,000	[5]	$2,200,000	[5]
Debt Interest Rate, terms	'2.87% per annum	[5]	'
Debt Interest Rate, rate	2.87%	[5]	'
Maturity Date	1-Aug-19	[2],[5]	'
London Interbank Offered Rate | Minimum | Austin Property Pflugerville, Texas | Credit Facility	'		'
Debt Instrument [Line Items]	'		'
Debt Interest Rate, percentage plus base rate	2.75%		'
London Interbank Offered Rate | Maximum | Austin Property Pflugerville, Texas | Credit Facility	'		'
Debt Instrument [Line Items]	'		'
Debt Interest Rate, percentage plus base rate	3.25%		'
Prime Lending Rate | Minimum | Austin Property Pflugerville, Texas | Credit Facility	'		'
Debt Instrument [Line Items]	'		'
Debt Interest Rate, percentage plus base rate	0.25%		'
Prime Lending Rate | Maximum | Austin Property Pflugerville, Texas | Credit Facility	'		'
Debt Instrument [Line Items]	'		'
Debt Interest Rate, percentage plus base rate	0.75%		'
[1]	The Company assumed an existing secured first mortgage on the Jacksonville Distribution Center. The existing mortgage may be prepaid, in full but not in part, subject to a reinvestment charge for any prepayment occurring sooner than six months before maturity.
[2]	Represents the initial maturity date, which may be extended beyond the date shown.
[3]	The loans may be extended for an additional term not to exceed beyond December 1, 2018 and September 1, 2018 for Heritage Commons III and Heritage Commons IV, respectively, subject to the interest rate increasing to 9.7% per annum for Heritage Commons III and 11.018% per annum for Heritage Commons IV.
[4]	A portion of the purchase price for Heritage Commons IV was funded by a mezzanine loan (the "Mezz Loan"). The Mezz Loan was extinguished in 2013 prior to its expiration.
[5]	In connection with the acquisition of the properties, the Company obtained a senior secured loan in the aggregate principal amount of approximately €8.7 million or $11.5 million based on using the exchange rate from Euros to U.S. dollars applicable on the date of purchase of the properties. In the event of a sale of the properties, or the early repayment of proportionate loan amounts, the lender shall be entitled to a payment of approximately €3.4 million with respect to the Worms Retail Center, approximately €2.1 million with respect to the GC
[6]	The amount of the outstanding loan balances and the amount of the monthly payments were translated from Euros to U.S. dollars at the exchange rate applicable on December 31, 2013 and 2012.

Details_of_Indebtedness_Parent

Details of Indebtedness (Parenthetical) (Detail)

12 Months Ended

12 Months Ended

In Millions, unless otherwise specified

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

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Heritage Commons IV Fort Worth, Texas

Heritage Commons III Fort Worth, Texas

Secured Debt

Secured Debt

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Debt Instrument Redemption Scenario One

Semi-annual Interest One

Semi-annual Interest Two

Installment One

Installment Two

Installment Three

Installment Four

USD ($)

EUR (€)

Secured Debt

Secured Debt

Secured Debt

Secured Debt

Secured Debt

Secured Debt

Secured Debt

Secured Debt

Worms Retail Center

Worms Retail Center

Hannover Retail Center

Hannover Retail Center

Gutersloh Retail Center

Gutersloh Retail Center

Bremerhaven Retail Center

Bremerhaven Retail Center

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, maximum maturity date extension date

'

1-Sep-18

1-Dec-18

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, increased interest rate for extending maturity date

'

11.02%

9.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, outstanding balance

'

'

'

$11.50

€ 8.70

$4.70

€ 3.40

$4

€ 2.90

$2.90

€ 2.10

$2.80

€ 2

'

'

'

'

'

'

Debt, semi-annual interest payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'--01-15

'--07-15

'

'

'

'

Debt, interest only payment period

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, principal payment first commencement

15-Jan-18

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, semi-annual principal payment date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15-Jan-18

15-Jul-18

15-Jan-19

15-Jul-19

Debt, principal payment on original balance, percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25%

1.25%

1.50%

1.50%

Indebtedness_Additional_Inform

Indebtedness - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]	'	'
Unamortized loan costs, written-off	$99,134	$132,539
Fair market value of the mortgage notes payable	69,400,000	78,400,000
Carrying value of the mortgage notes payable	72,500,000	77,100,000
Revolving Credit Facility	'	'
Line of Credit Facility [Line Items]	'	'
Debt, extinguished amount	800,000	'
Mezzanine Loan	'	'
Line of Credit Facility [Line Items]	'	'
Debt, extinguished amount	$4,000,000	'
Debt Interest Rate, terms	11.00%	'

Maturities_of_Indebtedness_Det

Maturities of Indebtedness (Detail) (USD $)	Dec. 31, 2013
Debt Instrument [Line Items]	'
2014	$1,347,879
2015	1,452,414
2016	30,882,372	[1]
2017	939,415
2018	1,333,169
Thereafter	36,494,807
Long term debt	$72,450,056
[1]	For the purposes of the five year maturity table above, management assumed that the principal amounts outstanding on two of the mortgage notes payable are repaid at the anticipated repayment date, as defined in the respective loan agreements.

Related_Party_Arrangements_Add

Related Party Arrangements - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'	'
Selling commission	'	7.00%	'	'
Marketing support fees	'	3.00%	'	'
Investment service fees as percentage of properties purchase price	'	1.85%	'	'
Asset management fee as percentage of real estate asset value	'	0.08%	'	'
Financing coordination fee	'	1.00%	'	'
Cumulative, non-compounded annual return on invested capital	'	6.00%	'	'
Property management fees percentage of gross revenue	'	4.50%	'	'
Annual maintenance fee	'	$40,000	$30,000	'
Period of deferrals eligible for conditional reimbursement	'	'3 years	'	'
Criteria for deferment of reimbursement of operating related expenses and asset management fees	'(i) cumulative modified funds from operations (as defined in the Expense Support Agreement) for the period April 1, 2012 through the applicable determination date exceeds (ii) distributions declared to stockholders for the same period.	'	'	'
Deferred Asset management fees	'	1,200,000	500,000	0
Deferred operating-related personnel expenses	'	600,000	500,000	0
Total deferred expenses under the terms of the Expense Support Agreement	'	2,800,000	'	'
Percentage of average invested assets reimbursable to the company	'	'	2.00%	'
Percentage of net income reimbursable to the company	'	'	25.00%	'
Operating expenses in excess of the Limitation	'	'	1,100,000	'
Limitation of offering costs	'	15.00%	'	'
Per investor	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Initial set up fee	'	4.57	'	'
Annual maintenance fee	'	$19.20	'	'
In case of sale of real property	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Disposition fee as percentage of competitive real estate commission	'	50.00%	'	'
Disposition fee as percentage of sale price	'	1.00%	'	'
In case of sale of any asset other than real property or securities	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Disposition fee as percentage of sale price	'	1.00%	'	'
Sale of loans	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Disposition fee as percentage of sale price	'	1.00%	'	'

Stock_Issuance_Costs_Due_to_Ma

Stock Issuance Costs Due to Managing Dealer (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Related Party Transaction [Line Items]	'		'		'
Selling commissions	$1,299,186	[1]	$2,405,147	[1]	$1,401,721	[1]
Marketing support fees	571,295	[1]	1,030,777	[1]	600,738	[1]
Fees and commissions, total	$1,870,481		$3,435,924		$2,002,459
[1]	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders' equity.

Fees_and_Reimbursable_Expenses

Fees and Reimbursable Expenses to Advisor (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Reimbursable costs and expenses:	'		'		'
Offering costs	$989,277	[1]	$1,776,993	[1]	$1,022,278	[1]
Operating expenses	13,589,880		13,161,730		5,092,257
Acquisition fees and expenses	154	[2]	50,119	[2]	28,573	[2]
Reimbursable costs and expenses, total	1,716,711		2,948,446		1,917,509
Investment services fees	'		1,222,234	[2],[3]	1,004,550	[2],[3]
Asset management fees	1,206,116		679,802		168,180
Property management fees	404,543	[3]	255,616	[3]	67,494	[3]
Expense support	-1,764,373	[4]	-1,073,984	[4]	'
Reimbursable expenses due adviser, net	1,562,997		4,032,114		3,157,733
General and Administrative Expense	'		'		'
Reimbursable costs and expenses:	'		'		'
Operating expenses	$727,280	[5]	$1,121,334	[5]	$866,478	[5]
[1]	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders' equity.
[2]	Amounts are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[3]	Includes amounts paid directly by subsidiaries of the Company to a sub-advisor of the Advisor that was indirectly affiliated with one of the Company's directors during the years ended December 31, 2013 and 2012.
[4]	See description of the expense support below.
[5]	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations.

Amounts_Due_to_Related_Parties

Amounts Due to Related Parties (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Fees, reimbursable costs and expenses, total	$254,252	$916,168
Due to Managing Dealer	'	'
Related Party Transaction [Line Items]	'	'
Selling commissions	'	23,520
Marketing support fees	'	10,080
Fees and commissions, total	'	33,600
Due to Property Manager	'	'
Related Party Transaction [Line Items]	'	'
Property management fees	62,748	37,012
Property management, total	62,748	37,012
Due to the Advisor and its affiliates	'	'
Related Party Transaction [Line Items]	'	'
Reimbursable offering costs	'	16,800
Reimbursable operating expenses	191,504	406,668
Investment services fees	'	422,088
Reimbursable costs and expenses, total	$191,504	$845,556

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended			1 Months Ended		1 Months Ended
	Apr. 23, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jan. 31, 2013	Dec. 31, 2013	Apr. 23, 2013
					Common Stock Redemption	Maximum	Distribution Reinvestment Plan
Schedule Of Stockholders Equity [Line Items]	'	'	'	'	'	'	'
Aggregate offering proceeds	$83,700,000	$19,729,348	$35,524,116	$20,388,961	'	'	$1,900,000
Offering costs as percentage of aggregate gross offering proceeds	'	'	'	'	'	15.00%	'
Stock issuance and other offering cost	'	2,900,000	5,200,000	3,000,000	'	'	'
Daily distribution rate	'	$0.00	'	'	'	'	'
Annual distribution rate	'	6.50%	'	'	'	'	'
Cash distributions declared, payable to stockholders	'	5,200,000	3,200,000	1,100,000	'	'	'
Cash distributions declared but unpaid	'	500,000	300,000	100,000	'	'	'
Percentage of cash distributions paid to stockholders that were considered taxable income	'	28.00%	'	'	'	'	'
Percentage of cash distributions paid to stockholders that were considered a return of capital	'	72.00%	100.00%	100.00%	'	'	'
Redemptions of common stock, shares	'	130,215	32,064	'	'	'	'
Average redemption price	'	$9.37	'	'	'	'	'
Redemptions of common stock	'	1,266,272	263,398	'	'	'	'
Redemptions of common stock value	'	$1,219,575	$310,094	'	$50,000	'	'

Components_of_Income_Tax_Benef

Components of Income Tax Benefit (Provision) for Income Taxes (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current:	'	'	'
Federal	'	'	'
State	51,458	43,004	17,034
Foreign	40,381	17,815	'
Total current provision	91,839	60,819	17,034
Deferred:	'	'	'
Federal	'	'	'
State	'	'	'
Foreign	-31,880	-285,994	'
Total deferred benefit	-31,880	-285,994	'
Income tax (benefit) expense	$59,959	($225,175)	$17,034

Components_of_Deferred_Tax_Lia

Components of Deferred Tax Liabilities and Assets (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets relating to:	'	'
Fixed assets	$350,824	$301,684
Net operating loss carryforwards	51,161	93,162
Total deferred tax assets	401,985	394,846
Valuation allowance	-39,509	-85,778
Net deferred tax assets	362,476	309,068
Deferred tax liabilities relating to:	'	'
Accruals	23,261	15,531
Total deferred tax liabilities	23,261	15,531
Total deferred tax assets, net	$339,215	$293,537

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Net deferred tax assets	$362,476	$309,068
Cumulative net operating losses	1,300,000	'
Net operating losses expiration year	'2030	'
Luxembourg	'	'
Income Taxes [Line Items]	'	'
Deferred tax asset relating to net operating losses generated in Luxemburg	$50,000	'

Schedule_of_Income_before_Inco

Schedule of Income before Income Tax, Domestic and Foreign (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Loss From Operations Before Provision Benefit For Income Taxes [Line Items]	'	'	'
U.S. loss	($2,364,644)	($4,533,766)	($3,618,443)
Foreign income (loss)	31,757	-1,925,997	'
Total	($2,332,887)	($6,459,763)	($3,618,443)

Reconciliation_of_Taxes_Comput

Reconciliation of Taxes Computed at Statutory Federal Tax Rate on Income before Income Taxes to the Provision (Benefit) for Income Taxes (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation of Statutory Federal Tax Rate [Line Items]	'	'	'
Tax benefit computed at federal statutory rate	($816,510)	($2,260,917)	($1,266,455)
Impact of REIT election	816,510	2,260,917	1,266,455
State income tax provision, net	51,458	43,004	17,034
Foreign income tax (benefit) expense	8,501	-268,179	'
Income tax (benefit) expense	$59,959	($225,175)	$17,034
Tax benefit computed at federal statutory rate	-35.00%	-35.00%	-35.00%
Impact of REIT election	35.00%	35.00%	35.00%
State income tax provision, net	2.21%	0.67%	0.47%
Foreign income tax (benefit) expense	0.36%	-4.15%	'
Income tax (benefit) expense	2.57%	-3.48%	0.47%

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail)	Dec. 31, 2013
	LegalMatter
Commitment And Contingencies [Line Items]	'
Material legal proceedings pending	0

Portfolio_Based_on_Assets_Owne

Portfolio Based on Assets Owned and Revenues of Properties (Detail)	12 Months Ended
	Dec. 31, 2013
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Percentage of Total Assets	100.00%
Percentage of Revenues for the Year Ended December 31, 2013	100.00%
Texas	'
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Percentage of Total Assets	43.00%
Percentage of Revenues for the Year Ended December 31, 2013	54.30%
Florida	'
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Percentage of Total Assets	34.80%
Percentage of Revenues for the Year Ended December 31, 2013	27.60%
Germany	'
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Percentage of Total Assets	22.20%	[1]
Percentage of Revenues for the Year Ended December 31, 2013	18.10%	[1]
[1]	Percentages based on amounts converted from Euros to U.S. dollars at (a) an exchange rate of $1.38 per Euro, the exchange rate as of December 31, 2013, with respect to total assets, and (b) an exchange rate of $1.33 per Euro, the average exchange rate for the year ended December 31, 2013, with respect to revenues.

Portfolio_Based_on_Assets_Owne1

Portfolio Based on Assets Owned and Revenues of Properties (Parenthetical) (Detail)	Dec. 31, 2013
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Exchange rate per Euro	1.33
Assets	'
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Exchange rate per Euro	1.38
Revenues	'
Percentage of Revenues Generated from Overseas Customers [Line Items]	'
Exchange rate per Euro	1.33

Tenants_that_Individually_Acco

Tenants that Individually Account for Ten Percent or More of Aggregate Total Revenues or Leased More Than Ten Percent of Assets (Detail)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Mercedes-Benz Financial Services USA, LLC | Assets	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	24.70%	[1]	23.40%	[1]	'
DynCorp International LLC | Assets	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	14.90%	[1]	14.10%	[1]	'
Samsonite, LLC | Assets	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	34.80%	[1]	34.40%	[1]	'
Customer Concentration Risk | Mercedes-Benz Financial Services USA, LLC | Sales	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	31.60%	[2]	48.50%	[2]	32.40%	[2]
Customer Concentration Risk | DynCorp International LLC | Sales	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	19.50%	[2]	29.70%	[2]	57.60%	[2]
Customer Concentration Risk | Samsonite, LLC | Sales	'		'		'
Concentration Risk [Line Items]	'		'		'
Percentage of Total Revenues and Assets	27.60%	[2]	9.20%	[2]	0.00%	[2]
[1]	Represents net book value of total assets associated with the property leased by the tenant as of the end of the period presented.
[2]	Includes contractual rental income, tenant reimbursements, straight-line rent adjustments and amortization of above market lease intangibles.

Unaudited_Quarterly_Financial_

Unaudited Quarterly Financial Data (Detail) (USD $)	3 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
Selected Quarterly Financial Data [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Total revenues	$3,351,761	$3,465,298	$3,465,320	$3,439,381	$3,204,341	$1,967,534	$2,001,033	$1,879,883	$13,721,760	$9,052,791	$2,468,101
Acquisition fees and expenses	-11,976	-1,727	-10,902	-33,693	-1,548,494	-883,356	-195,739	-579,101	-58,298	-3,206,690	-1,598,828
Operating income (loss)	419,789	563,084	415,086	498,294	-1,231,823	-759,593	-115,606	-927,933	1,896,253	-3,034,955	-2,624,156
Net loss	($561,650)	($459,594)	($624,309)	($747,293)	($2,339,703)	($1,376,890)	($910,096)	($1,607,899)	($2,392,846)	($6,234,588)	($3,635,477)
Weighted average number of shares outstanding (basic and diluted)	8,257,410	8,257,410	8,173,289	7,021,861	6,094,775	5,456,976	4,572,840	3,491,865	7,931,165	4,908,673	1,744,849
Net loss per share of common stock (basic and diluted)	($0.07)	($0.06)	($0.08)	($0.11)	($0.38)	($0.25)	($0.20)	($0.46)	($0.30)	($1.27)	($2.08)

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail)	Dec. 31, 2013	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014
		Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
		Jacksonville Distribution Center	Jacksonville Distribution Center	Jacksonville Distribution Center	Jacksonville Distribution Center	Jacksonville Distribution Center	Jacksonville Distribution Center
			Lease Amendment	Lease Amendment	Lease Amendment	Lease Amendment	Lease Amendment
			RenewalOptions	2014	2024	Minimum	Maximum
Subsequent Event [Line Items]	'	'	'	'	'	'	'
Lease expiration date	'	'2018-02	'	'	'	'2024-11	'2034-11
Number of options to renew lease	'	'	2	'	'	'	'
Lease renewal period	'	'	'5 years	'	'	'	'
Rent free period	'	'	'	'4 months	'9 months	'	'
Weighted average lease term	'4 years 9 months 18 days	'4 years 9 months 18 days	'6 years 8 months 12 days	'	'	'	'

SCHEDULE_IIValuation_and_Quali1

SCHEDULE II-Valuation and Qualifying Accounts (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Valuation and Qualifying Accounts Disclosure [Line Items]	'	'
Balance at Beginning of Year	($85,778)	'
Charged to Costs and Expenses	31,880	'
Charged to Other Accounts	14,389	-85,778
Balance at End of Year	-39,509	-85,778
Valuation Allowance of Deferred Tax Assets	'	'
Valuation and Qualifying Accounts Disclosure [Line Items]	'	'
Balance at Beginning of Year	-85,778	'
Charged to Costs and Expenses	31,880	'
Charged to Other Accounts	14,389	-85,778
Balance at End of Year	($39,509)	($85,778)

SCHEDULE_III_Real_Estate_and_A

SCHEDULE III - Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	$72,450		'		'
Land & Land Improvements	19,054		'		'
Buildings & Building Improvements	68,613		'		'
Tenant Improvements	4,919		'		'
Improvements	35		'		'
Land & Land Improvements	19,304	[1]	'		'
Buildings & Building Improvements	69,318	[1]	'		'
Tenant Improvements	4,919	[1]	'		'
Total	93,541	[1],[2]	92,600	[2]	39,933
Accumulated Depreciation	-5,170	[1],[3]	-2,358	[3]	-442
Gross carrying value, Beginning Balance	92,600	[2]	39,933		'
Acquisitions	'		52,667		39,933
Gross carrying value, Ending Balance	93,541	[1],[2]	92,600	[2]	39,933
Improvements	35		'		'
Effect of foreign currency translation adjustment	906		'		'
Accumulated depreciation, Beginning Balance	2,358	[3]	442		'
Depreciation	-2,812		-1,916		-442
Accumulated depreciation, Ending Balance	-5,170	[1],[3]	-2,358	[3]	-442
Austin Property-Industrial Building Pflugerville, Texas	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Land & Land Improvements	1,819		'		'
Buildings & Building Improvements	2,012		'		'
Tenant Improvements	53		'		'
Land & Land Improvements	1,819	[1]	'		'
Buildings & Building Improvements	2,012	[1]	'		'
Tenant Improvements	53	[1]	'		'
Total	3,884	[1]	'		'
Accumulated Depreciation	-257	[1]	'		'
Date of Construction	'2000		'		'
Date Acquired	8-Jun-11		'		'
Life on which depreciation in latest income statement is computed	'	[4]	'		'
Gross carrying value, Ending Balance	3,884	[1]	'		'
Accumulated depreciation, Ending Balance	-257	[1]	'		'
Heritage Commons III-Office Building Fort Worth, Texas	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	11,734		'		'
Land & Land Improvements	2,608		'		'
Buildings & Building Improvements	10,086		'		'
Tenant Improvements	414		'		'
Land & Land Improvements	2,608	[1]	'		'
Buildings & Building Improvements	10,086	[1]	'		'
Tenant Improvements	414	[1]	'		'
Total	13,108	[1]	'		'
Accumulated Depreciation	-941	[1]	'		'
Date of Construction	'2006		'		'
Date Acquired	28-Jun-11		'		'
Life on which depreciation in latest income statement is computed	'	[4]	'		'
Gross carrying value, Ending Balance	13,108	[1]	'		'
Accumulated depreciation, Ending Balance	-941	[1]	'		'
Heritage Commons IV-Office Building Fort Worth, Texas	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	19,756		'		'
Land & Land Improvements	3,015		'		'
Buildings & Building Improvements	15,900		'		'
Tenant Improvements	4,026		'		'
Improvements	14		'		'
Land & Land Improvements	3,015	[1]	'		'
Buildings & Building Improvements	15,914	[1]	'		'
Tenant Improvements	4,026	[1]	'		'
Total	22,955	[1]	'		'
Accumulated Depreciation	-2,428	[1]	'		'
Date of Construction	'2008		'		'
Date Acquired	27-Oct-11		'		'
Life on which depreciation in latest income statement is computed	'	[4]	'		'
Gross carrying value, Ending Balance	22,955	[1]	'		'
Accumulated depreciation, Ending Balance	-2,428	[1]	'		'
Samsonite - Industrial Distribution Facility Jacksonville, Florida	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	25,978		'		'
Land & Land Improvements	6,284		'		'
Buildings & Building Improvements	24,545		'		'
Tenant Improvements	426		'		'
Improvements	21		'		'
Land & Land Improvements	6,304	[1]	'		'
Buildings & Building Improvements	24,545	[1]	'		'
Tenant Improvements	426	[1]	'		'
Total	31,275	[1]	'		'
Accumulated Depreciation	-979	[1]	'		'
Date of Construction	'2008		'		'
Date Acquired	12-Oct-12		'		'
Life on which depreciation in latest income statement is computed	'	[4]	'		'
Gross carrying value, Ending Balance	31,275	[1]	'		'
Accumulated depreciation, Ending Balance	-979	[1]	'		'
Giessen -Retail Center Giessen, Germany	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	3,029	[2]	'		'
Land & Land Improvements	795	[2]	'		'
Buildings & Building Improvements	3,803	[2]	'		'
Land & Land Improvements	829	[1],[2]	'		'
Buildings & Building Improvements	3,966	[1],[2]	'		'
Total	4,795	[1],[2]	'		'
Accumulated Depreciation	-186	[1],[2]	'		'
Date of Construction	'2008	[2]	'		'
Date Acquired	8-Mar-12	[2]	'		'
Life on which depreciation in latest income statement is computed	'	[2],[4]	'		'
Gross carrying value, Ending Balance	4,795	[1],[2]	'		'
Accumulated depreciation, Ending Balance	-186	[1],[2]	'		'
Worms - Retail Center Worms, Germany	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	3,869	[2]	'		'
Land & Land Improvements	1,064	[2]	'		'
Buildings & Building Improvements	4,320	[2]	'		'
Land & Land Improvements	1,110	[1],[2]	'		'
Buildings & Building Improvements	4,505	[1],[2]	'		'
Total	5,615	[1],[2]	'		'
Accumulated Depreciation	-144	[1],[2]	'		'
Date of Construction	'2007	[2]	'		'
Date Acquired	27-Sep-12	[2]	'		'
Life on which depreciation in latest income statement is computed	'	[2],[4]	'		'
Gross carrying value, Ending Balance	5,615	[1],[2]	'		'
Accumulated depreciation, Ending Balance	-144	[1],[2]	'		'
Gutersloh - Retail Center Gutersloh, Germany	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	2,412	[2]	'		'
Land & Land Improvements	1,102	[2]	'		'
Buildings & Building Improvements	2,230	[2]	'		'
Land & Land Improvements	1,150	[1],[2]	'		'
Buildings & Building Improvements	2,326	[1],[2]	'		'
Total	3,476	[1],[2]	'		'
Accumulated Depreciation	-75	[1],[2]	'		'
Date of Construction	'2007	[2]	'		'
Date Acquired	27-Sep-12	[2]	'		'
Life on which depreciation in latest income statement is computed	'	[2],[4]	'		'
Gross carrying value, Ending Balance	3,476	[1],[2]	'		'
Accumulated depreciation, Ending Balance	-75	[1],[2]	'		'
Bremerhaven - Retail Center Bremerhaven, Germany	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	2,299	[2]	'		'
Land & Land Improvements	527	[2]	'		'
Buildings & Building Improvements	2,894	[2]	'		'
Land & Land Improvements	550	[1],[2]	'		'
Buildings & Building Improvements	3,019	[1],[2]	'		'
Total	3,569	[1],[2]	'		'
Accumulated Depreciation	-84	[1],[2]	'		'
Date of Construction	'2007	[2]	'		'
Date Acquired	30-Nov-12	[2]	'		'
Life on which depreciation in latest income statement is computed	'	[2],[4]	'		'
Gross carrying value, Ending Balance	3,569	[1],[2]	'		'
Accumulated depreciation, Ending Balance	-84	[1],[2]	'		'
Hannover - Retail Center Hannover, Germany	'		'		'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'		'
Encumbrances	3,373	[2]	'		'
Land & Land Improvements	1,840	[2]	'		'
Buildings & Building Improvements	2,823	[2]	'		'
Land & Land Improvements	1,919	[1],[2]	'		'
Buildings & Building Improvements	2,945	[1],[2]	'		'
Total	4,864	[1],[2]	'		'
Accumulated Depreciation	-76	[1],[2]	'		'
Date of Construction	'2005	[2]	'		'
Date Acquired	21-Dec-12	[2]	'		'
Life on which depreciation in latest income statement is computed	'	[2],[4]	'		'
Gross carrying value, Ending Balance	4,864	[1],[2]	'		'
Accumulated depreciation, Ending Balance	($76)	[1],[2]	'		'
[1]	The aggregate cost for federal income tax purposes is approximately $126.8 million.
[2]	Amounts translated at a foreign currency exchange rate as of the end of the applicable period.
[3]	Amounts translated on an average foreign currency exchange rate during the period.
[4]	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.

SCHEDULE_III_Real_Estate_and_A1

SCHEDULE III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Aggregate cost for federal income tax purposes	126.8
Buildings	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Real estate property, estimated economic life	'39 years
Building Improvements	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Real estate property, estimated economic life	'15 years