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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2013
Fair Value Disclosures [Abstract] |
Schedule of Derivative Liabilities at Fair Value [Table Text Block] |
The table below sets forth the Company’s fair value hierarchy for assets and liabilities measured or disclosed at fair value as of June 30, 2013.
Asset: |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 555,345 |  | $ | - |  | $ | 555,345 |
Liability: |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 331,149 |  | $ | - |  | $ | 331,149 |
Mortgages payable |  | $ | - |  | $ | - |  | $ | 113,575,021 |  | $ | 115,668,239 |
Note payable |  | $ | - |  | $ | 40,639,930 |  | $ | - |  | $ | 40,639,930 |

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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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