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Debt (Details 1)
Jun. 30, 2015
USD ($)
For the Year Ending December 31,  
Remainder of 2015 $ 1,412,125
2016 11,533,637
2017 [1] 22,455,034
2018 [2] 42,575,206
2019 2,750,347
Thereafter 237,270,334
Total debt 317,996,683
Scheduled Principal [Member]  
For the Year Ending December 31,  
Remainder of 2015 1,412,125
2016 2,953,637
2017 [1] 2,710,276
2018 [2] 2,575,206
2019 2,750,347
Thereafter 6,839,183
Total debt 19,240,774
Balloon Payment [Member]  
For the Year Ending December 31,  
Remainder of 2015 0
2016 8,580,000
2017 [1] 19,744,758
2018 [2] 40,000,000
2019 0
Thereafter 230,431,151
Total debt $ 298,755,909
[1] The balloon payment is related to a mortgage note that matures in May 2017 and may be extended, at the Company’s election, for a two-year term to May 2019, subject to certain conditions.
[2] The balloon payment balance includes $15,000,000 outstanding under the Credit Facility as of June 30, 2015. The Credit Facility matures in July 2018 and may be extended for one year at the Company’s election, subject to certain conditions.