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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2015.
 
Asset:
 
Level 1
 
Level 2
 
Level 3
 
Carrying Value
 
Interest rate swaps
 
$
-
 
$
-
 
$
-
 
$
-
 
 
Liability:
 
Level 1
 
Level 2
 
Level 3
 
Carrying Value
 
Interest rate swaps
 
$
-
 
$
5,038,132
 
$
-
 
$
5,038,132
 
Mortgage notes payable
 
$
-
 
$
-
 
$
108,077,969
 
$
102,295,587
 
Unsecured term loans
 
$
-
 
$
-
 
$
98,675,076
 
$
100,000,000
 
Senior unsecured notes
 
$
-
 
$
-
 
$
99,662,808
 
$
100,000,000
 
Revolving credit facility
 
$
-
 
$
27,000,000
 
$
-
 
$
27,000,000