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Debt (Details 1)
Dec. 31, 2015
USD ($)
Long-term Debt, Maturities, Repayments of Principal [Line Items]  
2016 $ 11,534,035
2017 22,455,455 [1]
2018 45,575,654 [2]
2019 2,750,823
2020 38,867,169
Thereafter 198,401,232
Total 319,584,368
Scheduled Principal [Member]  
Long-term Debt, Maturities, Repayments of Principal [Line Items]  
2016 2,954,035
2017 2,710,697 [1]
2018 2,575,654 [2]
2019 2,750,823
2020 1,100,218
Thereafter 5,744,873
Total 17,836,300
Balloon Payment [Member]  
Long-term Debt, Maturities, Repayments of Principal [Line Items]  
2016 8,580,000
2017 19,744,758 [1]
2018 43,000,000 [2]
2019 0
2020 37,766,951
Thereafter 192,656,359
Total $ 301,748,068
[1] The balloon payment is related to a mortgage note that matures on May 14, 2017 and may be extended, at the Company’s election, for a two-year term to May 2019, subject to certain conditions.
[2] The balloon payment balance includes the balance outstanding under the Credit Facility as of December 31, 2015. The Credit Facility matures on July 21, 2018 and may be extended for one year at the Company’s election, subject to certain conditions.