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Real Estate Investments (Tables) | 12 Months Ended
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Dec. 31, 2014
Real Estate [Abstract] |
Schedule of Real Estate Properties [Table Text Block] | Real estate investments consisted of the following as of December 31, 2014 and December 31, 2013:
|  | 2014 |  | 2013 |
Number of Properties |  |  | 209 |  |  | 130 |
Gross Leasable Area |  |  | 4,315,000 |  |  | 3,662,000 |
Land |  | $ | 195,091,303 |  | $ | 162,096,646 |
Buildings |  | $ | 393,826,467 |  | $ | 297,464,585 |
Property under Development |  | $ | 229,242 |  | $ | 6,959,174 |
Property Held for Sale |  | $ | - |  | $ | 4,845,504 |
Gross Real Estate Investments |  | $ | 589,147,012 |  | $ | 471,365,909 |
Less Accumulated Depreciation |  | $ | (59,089,851) |  | $ | (60,633,824) |
Net Real Estate Investments |  | $ | 530,057,161 |  | $ | 410,732,085 |
Operating Leases, Future Minimum Payments Receivable [Table Text Block] | As of December 31, 2014, the future minimum rental income to be received under the terms of all non-cancellable tenant leases is as follows:
For the Year Ending December 31, |  |  |  |
2015 |  | $ | 54,370,464 |
2016 |  |  | 53,876,771 |
2017 |  |  | 53,123,664 |
2018 |  |  | 51,646,088 |
2019 |  |  | 48,813,782 |
Thereafter |  |  | 414,382,007 |
Total |  | $ | 676,212,776 |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Land Lease Obligations The Company is subject to land lease agreements for certain of its properties. Land lease expense was $471,840, $427,900, and $574,300 for the years ending December 31, 2014, 2013 and 2012, respectively. As of December 31, 2014, future annual lease commitments under these agreements are as follows:
For the Year Ending December 31, |  |  |  |
2015 |  | $ | 514,653 |
2016 |  |  | 514,653 |
2017 |  |  | 514,653 |
2018 |  |  | 515,569 |
2019 |  |  | 508,528 |
Thereafter |  |  | 8,825,546 |
Total |  | $ | 11,393,602 |
Business Acquisition, Pro Forma Information [Table Text Block] |
Supplemental pro forma for the year ended December 31, 2014 (1) |  |  |  |
Total revenue |  | $ | 57,840,000 |
Income before discontinued operations |  | $ | 19,369,000 |
Supplemental pro forma for the year ended December 31, 2013 (1) |  |  |  |
Total revenue |  | $ | 50,549,000 |
Income before discontinued operations |  | $ | 20,023,000 |
| (1) | This unaudited pro forma supplemental information does not purport to be indicative of what our operating results would have been had the acquisitions occurred on January 1, 2014 or January 1, 2013 and may not be indicative of future operating results. Various acquisitions were of newly leased or constructed assets and may not have been in service for the full periods shown.
Schedule Of Real Estate Investments Including Identifiable Intangible Assets Impairment [Table Text Block] | As a result of our review of Real Estate Investments we recognized the following real estate impairment charges for the year ended December 31:
|  | 2014 |  | 2013 |  | 2012 |
Continuing operations |  | $ | 3,020,000 |  | $ | - |  | $ | - |
Discontinued operations |  |  | - |  |  | 450,000 |  |  | - |
Total |  | $ | 3,020,000 |  | $ | 450,000 |  | $ | - |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | The following table details lease intangibles, net of accumulated amortization, as of December 31, 2014 and December 31, 2013:
|  | December 31, |  | December 31, |
|  | 2014 |  | 2013 |
Intangible Lease Asset - In-Place Leases |  | $ | 36,680,631 |  | $ | 17,597,357 |
Less: Accumulated Amortization |  |  | (3,897,008) |  |  | (1,836,593) |
Intangible Lease Asset - Above-Market Leases |  |  | 31,642,267 |  |  | 22,921,813 |
Less: Accumulated Amortization |  |  | (4,111,435) |  |  | (2,392,293) |
Intangible Lease Liability - Below-Market Leases |  |  | (15,124,210) |  |  | (9,585,166) |
Less: Accumulated Amortization |  |  | 2,289,358 |  |  | 1,000,380 |
Lease Intangible Asset, net |  | $ | 47,479,602 |  | $ | 27,705,499 |

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