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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2014
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 September 30, 2014.
Asset: |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 581,619 |  | $ | - |  | $ | 581,619 |
Liability: |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 690,188 |  | $ | - |  | $ | 690,188 |
Mortgage notes payable |  | $ | - |  | $ | - |  | $ | 107,207,000 |  | $ | 107,685,433 |
Unsecured revolving credit facility |  | $ | - |  | $ | 16,500,000 |  | $ | - |  | $ | 16,500,000 |
Unsecured term loans |  | $ | - |  | $ | - |  | $ | 95,894,000 |  | $ | 100,000,000 |

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