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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income $ 31,835,273 $ 13,191,006
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,760,094 6,147,445
Amortization 4,417,752 2,592,226
Stock-based compensation 1,521,928 1,555,712
Impairment charge 0 3,020,000
Loss on extinguishment of debt 179,867 0
Debt extinguishment costs (150,084) 0
Gain (loss) on sale of assets (12,115,668) 169,905
Increase in accounts receivable (1,631,171) (755,779)
Decrease in other assets 471,342 170,062
Increase (decrease) in accounts payable 229,068 (533,631)
Decrease in deferred revenue (347,535) (347,535)
Increase in accrued interest 1,247,361 91,907
Increase (decrease) in tenant deposits (7,546) 3,801
Net Cash Provided by Operating Activities 34,410,681 25,305,119
Cash Flows from Investing Activities    
Acquisition of real estate investments (161,693,175) (70,946,751)
Development of real estate investments and other (including capitalized interest of $16,694 in 2015 and $221,410 in 2014) (5,346,154) (13,096,829)
Payment of leasing costs (66,410) (302,468)
Net proceeds from sale of assets 28,117,241 6,740,694
Net Cash Used In Investing Activities (138,988,498) (77,605,354)
Cash Flows from Financing Activities    
Proceeds from common stock offerings, net 38,795,078 (14,529)
Unsecured revolving credit facility borrowings 128,000,000 95,622,975
Unsecured revolving credit facility repayments (116,000,000) (88,622,975)
Payments of mortgage notes payable (4,466,651) (11,843,509)
Term loan payable proceeds 0 65,000,000
Senior unsecured notes proceeds 100,000,000 0
Dividends paid (24,209,043) (18,969,743)
Limited partners' distributions paid (474,500) (441,475)
Repayments of payables for capital expenditures (200,302) (144,074)
Payments for financing costs (886,396) (1,420,064)
Net Cash Provided by Financing Activities 120,558,186 39,166,606
Net Increase (Decrease) in Cash and Cash Equivalents 15,980,369 (13,133,629)
Cash and Cash Equivalents, beginning of period 5,399,458 14,536,881
Cash and Cash Equivalents, end of period 21,379,827 1,403,252
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest (net of amounts capitalized) 9,142,568 5,383,679
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Shares issued under equity incentive plans 2,463,751 2,325,235
Dividends and limited partners' distributions declared and unpaid 8,944,754 6,582,370
Real estate acquisitions financed with debt assumption 0 5,631,183
Real estate investment financed with accounts payable $ 2,200 $ 0