XML 59 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Real Estate Investments (Details Textual) - USD ($)
1 Months Ended 12 Months Ended
Jul. 31, 2004
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Real Estate Properties [Line Items]        
Deferred Revenue   $ 540,643 $ 1,004,023  
Deferred Revenue Revenue Recognization Period   1 year 2 months 12 days    
Operating Leases, Rent Expense   $ 606,134 471,840 $ 427,900
Impairment of Real Estate   0 3,020,000 450,000
Operating Leases, Rent Expense, Minimum Rentals     90,000  
Proceeds from Sale of Real Estate   29,000,000    
Gains (Losses) on Sales of Investment Real Estate   12,100,000    
Real Estate Investment Property, at Cost   $ 755,848,938 589,147,012  
Real Estate Portfolio Leased Intangible Assets Percentage   99.50%    
Real Estate Portfolio Leased Intangible Assets Weighted Average Remaining Lease Term   11 years 4 months 24 days    
Corporate Joint Venture [Member]        
Real Estate Properties [Line Items]        
Deferred Revenue, Additions $ 4,000,000      
Deferred Revenue 4,000,000      
Deferred Revenue, Refund Payments $ 4,000,000      
Petoskey Town Center [Member]        
Real Estate Properties [Line Items]        
Impairment of Real Estate     220,000  
Chippewa Commons [Member]        
Real Estate Properties [Line Items]        
Impairment of Real Estate     2,800,000  
Ironwood Commons [Member]        
Real Estate Properties [Line Items]        
Impairment of Real Estate       $ 450,000
Seventy Seven Retail Net Lease Assets [Member]        
Real Estate Properties [Line Items]        
Payments to Acquire Property, Plant, and Equipment     $ 148,400,000  
Weighted Average Capitalization Rate For Acquired Assets (In Percentage)     8.20%  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (in year)     14 years 1 month 6 days  
Percentage Of Control Of Assets (in Percentage)     100.00%  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land     $ 29,969,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings     95,977,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill     $ 22,265,000  
Seventy Three Retail Net Lease Assets [Member]        
Real Estate Properties [Line Items]        
Payments to Acquire Property, Plant, and Equipment   $ 220,557,000    
Weighted Average Capitalization Rate For Acquired Assets (In Percentage)   8.00%    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (in year)   12 years 2 months 12 days    
Percentage Of Control Of Assets (in Percentage)   100.00%    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land   $ 33,801,000    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings   152,742,000    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill   $ 34,014,000    
Operating Leases, Future Minimum Payments Receivable [Member] | Walgreens [Member]        
Real Estate Properties [Line Items]        
Concentration Risk, Percentage   17.20%    
Operating Leases, Future Minimum Payments Receivable [Member] | Walmart Affiliates [Member]        
Real Estate Properties [Line Items]        
Concentration Risk, Percentage   5.50%