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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows from Operating Activities    
Net income $ 9,921,755 $ 9,831,826
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 3,391,317 2,913,540
Amortization 1,210,406 849,665
Stock-based compensation 924,985 824,000
Gain on sale of assets (946,347) (2,067,467)
(Increase) decrease in accounts receivable 373,582 40,492
(Increase) decrease in other assets (210,326) (1,316,173)
(Decrease) increase in accounts payable (285,052) (1,826,965)
Decrease in deferred revenue (231,690) (231,690)
Increase (decrease) in accrued interest 85,182 (253,140)
Increase (decrease) in tenant deposits (7,750) (3,103)
Net Cash Provided by Operating Activities 14,226,062 8,760,985
Cash Flows from Investing Activities    
Acquisition of real estate investments (including capitalized interest of $328,336 in 2013, $0 in 2012) (49,499,024) (25,573,379)
Payment of leasing costs 0 (14,241)
Net proceeds from sale of assets 5,462,280 6,539,547
Increase in restricted cash   (3,280,534)
Net Cash Used In Investing Activities (44,036,744) (22,328,607)
Cash Flows from Financing Activities    
Proceeds from common stock offering 44,802,340 35,042,235
Note payable borrowings 54,308,512 35,064,017
Note payable repayments (57,198,587) (47,073,509)
Payments of mortgages payable (1,707,903) (1,526,510)
Dividends paid (10,003,574) (8,514,971)
Limited partners' distributions paid (281,571) (278,095)
Repayments of payables for capital expenditures (122,080) (424,321)
Payments for financing costs (31,282) (105,399)
Net Cash Provided by Financing Activities 29,765,855 12,183,447
Net (Decrease) in Cash and Cash Equivalents (44,826) (1,384,175)
Cash and Cash Equivalents, beginning of period 1,270,027 2,002,663
Cash and Cash Equivalents, end of period 1,225,201 618,488
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 2,823,767 2,270,458
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under Stock Incentive Plan 2,296,908 2,175,831
Dividends and limited partners' distributions declared and unpaid 5,569,859 4,715,306
Real estate investments financed with accounts payable 0 35,045
Forgiveness of mortgage debt 0 9,173,789
Real estate acquisitions financed with debt assumption $ 0 $ 9,640,528