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Real Estate Investments (Tables)
 9 Months Ended
Sep. 30, 2015
Real Estate [Abstract]  
Schedule of Real Estate Properties [Table Text Block]
Real estate investments consisted of the following as of September 30, 2015 and December 31, 2014:
 
 
 
September 30, 2015
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Number of Properties
 
 
263
 
 
209
 
Gross Leasable Area
 
 
4,823,000
 
 
4,315,000
 
 
 
 
 
 
 
 
 
Land
 
$
209,688,872
 
$
195,091,303
 
Buildings
 
 
489,571,159
 
 
393,826,467
 
Property under Development
 
 
4,921,625
 
 
229,242
 
Gross Real Estate Investments
 
$
704,181,656
 
$
589,147,012
 
 
 
 
 
 
 
 
 
Less Accumulated Depreciation
 
$
(53,873,530)
 
$
(59,089,851)
 
Net Real Estate Investments
 
$
650,308,126
 
$
530,057,161
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table details lease intangibles, net of accumulated amortization, as of September 30, 2015 and December 31, 2014:
 
 
 
September 30, 2015
 
December 31, 2014
 
Intangible Lease Asset - In-Place Leases
 
$
44,627,351
 
$
36,680,630
 
Less: Accumulated Amortization
 
 
(6,490,103)
 
 
(3,897,008)
 
Intangible Lease Asset - Above-Market Leases
 
 
51,574,206
 
 
31,642,267
 
Less: Accumulated Amortization
 
 
(6,662,862)
 
 
(4,111,435)
 
Intangible Lease Liability - Below-Market Leases
 
 
(21,098,523)
 
 
(15,124,210)
 
Less: Accumulated Amortization
 
 
3,621,555
 
 
2,289,358
 
Lease Intangible Asset, net
 
$
65,571,624
 
$
47,479,602