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Mortgages Payable (Details Textual) (USD $)
6 Months Ended
Jun. 30, 2013
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 12,738,876
Long-term Debt, Maturities, Repayments of Principal in Year Two 3,573,277
Long-term Debt, Maturities, Repayments of Principal in Year Three 12,393,468
Long-term Debt, Maturities, Repayments of Principal in Year Four 23,354,309
Long-term Debt, Maturities, Repayments of Principal in Year Five 27,324,754
Long-term Debt, Maturities, Repayments of Principal after Year Five 36,283,555
Short-term Debt, Weighted Average Interest Rate 4.40%
Real Estate Investments, Net 147,091,613
April 4 2018 [Member]
 
Short Term Debt Percentage Bearing Variable Interest Rate Description interest only at LIBOR plus 160 basis points
Short Term Debt Percentage Bearing Fixed Interest Rate One 2.49%
January 1 2023 [Member]
 
Debt Instrument, Interest Rate, Stated Percentage 3.60%
May 14 2017 [Member]
 
Debt Instrument, Periodic Payment 50,120
Short Term Debt Percentage Bearing Variable Interest Rate Description interest at 170 basis points over LIBOR
Repayments of Debt 19,744,758
Short Term Debt Percentage Bearing Fixed Interest Rate One 3.74%
January 2020 [Member]
 
Debt Instrument, Periodic Payment 153,838
Debt Instrument, Interest Rate, Stated Percentage 6.90%
July 2026 [Member]
 
Debt Instrument, Periodic Payment 91,675
Debt Instrument, Interest Rate, Stated Percentage 6.27%
June 2014 [Member]
 
Debt Instrument, Periodic Payment 60,097
Debt Instrument, Interest Rate, Stated Percentage 5.08%
Repayments of Debt 9,167,573
February 2017 [Member]
 
Debt Instrument, Periodic Payment 99,598
Debt Instrument, Interest Rate, Stated Percentage 6.63%
June 11 2016 [Member]
 
Debt Instrument, Periodic Payment 48,467
Debt Instrument, Interest Rate, Stated Percentage 6.56%
Repayments of Debt 8,580,000
February 2020 [Member]
 
Debt Instrument, Periodic Payment 23,004
Debt Instrument, Interest Rate, Stated Percentage 6.24%
Repayments of Debt $ 2,766,628