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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income $ 16,959,010 $ 8,225,397
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,509,825 3,993,973
Amortization 2,503,798 1,475,340
Stock-based compensation 1,044,797 1,042,712
Impairment charge 0 2,800,000
Loss on extinguishment of debt 179,867 0
Debt extinguishment costs (150,084) 0
Gain on sale of assets (3,535,310) (122,747)
Increase in accounts receivable (1,185,496) (530,922)
(Increase) decrease in other assets (238,231) 236,269
Increase (decrease) in accounts payable 176,370 (190,814)
Decrease in deferred revenue (231,690) (231,690)
Increase (decrease) in accrued interest 167,597 (38,177)
Increase (decrease) in tenant deposits 5,289 (667)
Net Cash Provided by Operating Activities 21,205,742 16,658,674
Cash Flows from Investing Activities    
Acquisition of real estate investments (124,414,224) (35,105,026)
Development of real estate investments and other (including capitalized interest of $2,512 in 2015 and $113,547 in 2014) (725,010) (9,340,454)
Payment of leasing costs (65,410) (9,360)
Net proceeds from sale of assets 8,800,618 4,974,387
Net Cash Used In Investing Activities (116,404,026) (39,480,453)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 13,607,946 (14,529)
Unsecured revolving credit facility borrowings 111,500,000 46,888,327
Unsecured revolving credit facility repayments (111,500,000) (13,024,327)
Mortgage notes payable proceeds 0 0
Payments of mortgage notes payable (3,765,556) (10,968,737)
Term loan payable proceeds 0 0
Senior unsecured notes proceeds 100,000,000 0
Dividends paid (15,814,152) (12,536,849)
Limited partners' distributions paid (312,857) (291,999)
Repayments of payables for capital expenditures (200,300) (144,074)
Payments for financing costs (845,652) 0
Net Cash Provided by Financing Activities 92,669,429 9,907,812
Net Decrease in Cash and Cash Equivalents (2,528,855) (12,913,967)
Cash and Cash Equivalents, beginning of period 5,399,458 14,536,881
Cash and Cash Equivalents, end of period 2,870,603 1,622,914
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 4,857,829 3,395,409
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under equity incentive plans 2,463,751 2,325,235
Real estate acquisitions financed with debt assumption 8,556,534 0
Real estate investment financed with accounts payable $ 27,837 $ 105,275