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Note and Mortgages Payable (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Mortgages Payable [Table Text Block] | Mortgages payable consisted of the following:
|  | December 31, |  | December 31, |
|  | 2013 |  | 2012 |
Note payable in monthly installments of interest only at LIBOR plus 160 basis points, swapped to a fixed rate of 2.49% with balloon payment due April 4, 2018; collateralized by related real estate and tenants' leases |  |  | 25,000,000 |  |  | 25,000,000 |
Note payable in monthly installments of interest only at 3.60% per annum, with balloon payment due January 1, 2023; collateralized by related real estate and tenants' leases |  |  | 23,640,000 |  |  | 23,640,000 |
Note payable in monthly principal installments of $50,120 plus interest at 170 basis points over LIBOR, swapped to a fixed rate of 3.62% as of December 31, 2013. A final balloon payment in the amount of $19,744,758 is due on May 14, 2017 unless extended for a two year period at the option of the Company, subject to certain conditions, collateralized by related real estate and tenants’ leases |  |  | 22,017,758 |  |  | 22,601,978 |
Note payable in monthly installments of $153,838 including interest at 6.90% per annum, with the final monthly payment due January 2020; collateralized by related real estate and tenants’ leases |  |  | 9,149,944 |  |  | 10,320,440 |
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026; collateralized by related real estate and tenants’ leases |  |  | 9,557,942 |  |  | 10,042,152 |
Note payable in monthly installments of $60,097 including interest at 5.08% per annum, with a final balloon payment in the amount of $9,167,573 due June 2014; collateralized by related real estate and tenants’ leases |  |  | 9,271,561 |  |  | 9,509,011 |
Note payable in monthly installments of $99,598 including interest at 6.63% per annum, with the final monthly payment due February 2017; collateralized by related real estate and tenants’ leases |  |  | 3,405,384 |  |  | 4,340,850 |
Note payable in monthy interest-only installments of $48,467 at 6.56% annum, with a balloon payment in the amount of $8,580,000 due June 11, 2016; collateralized by related real estate and tenants’ leases |  |  | 8,580,000 |  |  | 8,580,000 |
Note payable in monthly installments of $23,004 including interest at 6.24% per annum, with the final balloon payment of $2,766,628 due February 2020; collateralized by related real estate and tenant lease |  |  | 3,275,170 |  |  | 3,341,711 |
Total |  | $ | 113,897,759 |  | $ | 117,376,142 |
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | The following table presents scheduled principal payments on mortgages and notes payable as of December 31, 2013:
Year Ending December 31, |
2014 |  | $ | 12,730,495 |
2015 (1) |  |  | 13,191,970 |
2016 |  |  | 12,520,195 |
2017 (2) |  |  | 22,489,650 |
2018 |  |  | 27,403,792 |
Thereafter |  |  | 70,061,657 |
Total debt |  | $ | 158,397,759 |
| (1) | Scheduled maturities in 2015 include the $9,500,000 outstanding balance under the Credit Facility as of December 31, 2013. The Credit Facility matures on October 26, 2015, and may be extended at the Company’s election, for two one-year terms to October 2017, subject to certain conditions.
| (2) | Scheduled maturities in 2017 include $19,744,758 which represents the ending balance of a note payable due in 2017. The note matures May 14, 2017 and may be extended, at the Company’s election, for a two-year term to May 2019, subject to certain conditions.

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- Definition Tabular disclosure of mortgage notes payable. + References No definition available. + Details
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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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