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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income $ 13,191,006 $ 14,567,536
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 6,147,445 5,130,963
Amortization 2,592,226 1,827,470
Stock-based compensation 1,555,712 1,391,785
Impairment charge 3,020,000 450,000
Loss (Gain) on sale of assets 169,905 (946,347)
Increase in accounts receivable (755,779) (201,050)
Decrease (increase) in other assets 170,062 (130,958)
Decrease in accounts payable (533,631) (549,019)
Decrease in deferred revenue (347,535) (347,535)
Increase in accrued interest 91,907 36,485
Decrease (increase) in tenant deposits 3,801 (13,090)
Net Cash Provided by Operating Activities 25,305,119 21,216,240
Cash Flows from Investing Activities    
Acquisition of real estate investments (70,946,751) (70,208,192)
Development of real estate investments (including capitalized interest of $221,410 in 2014, and $438,843 in 2013) (13,096,829) (9,304,598)
Payments of leasing costs (302,468) (8,950)
Net proceeds from sale of assets 6,740,694 5,462,280
Net Cash Used In Investing Activities (77,605,354) (74,059,460)
Cash Flows from Financing Activities    
Proceeds from common stock offering, net of issuance costs (14,529) 44,802,340
Note payable borrowings 95,622,975 86,894,408
Note payable repayments (88,622,975) (90,424,413)
Payments of mortgages payable (11,843,509) (2,586,204)
Unsecured term loan proceeds 65,000,000 35,000,000
Dividends paid (18,969,743) (15,430,910)
Limited partners' distributions paid (441,475) (424,095)
Repayments of payables for capital expenditures (144,074) (122,080)
Payments for financing costs (1,420,064) (311,522)
Net Cash Provided by Financing Activities 39,166,606 57,397,524
Net Decrease (Increase) in Cash and Cash Equivalents (13,133,629) 4,554,304
Cash and Cash Equivalents, beginning of period 14,536,881 1,270,027
Cash and Cash Equivalents, end of period 1,403,252 5,824,331
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 5,383,679 4,464,126
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under Stock Incentive Plan 2,325,235 2,390,208
Dividends and limited partners' distributions declared and unpaid 6,582,370 5,571,089
Real estate acquisitions financed with debt assumption 5,631,183 0
Real estate investments financed with accounts payable $ 0 $ 322,719