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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2015
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 March 31, 2015.
Asset: |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 66,405 |  | $ | - |  | $ | 66,405 |
Liability: |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Carrying Value |
Interest rate swaps |  | $ | - |  | $ | 4,187,527 |  | $ | - |  | $ | 4,187,527 |
Mortgage notes payable |  | $ | - |  | $ | - |  | $ | 113,188,490 |  | $ | 106,762,238 |
Revolving credit facility |  | $ | - |  | $ | 79,500,000 |  | $ | - |  | $ | 79,500,000 |
Unsecured term loans |  | $ | - |  | $ | - |  | $ | 99,210,734 |  | $ | 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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