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Fair Value Measurements (Tables)
 6 Months Ended
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