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Real Estate Investments (Tables)
 6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Real Estate Properties [Table Text Block]
The Company’s real estate investments consisted of the following as of June 30, 2016 and December 31, 2015: 
 
 
 
June 30, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Number of Properties
 
 
326
 
 
278
 
Gross Leasable Area
 
 
6,318,729
 
 
5,207,000
 
 
 
 
 
 
 
 
 
Land
 
$
284,938,479
 
$
225,273,640
 
Buildings
 
 
628,219,043
 
 
526,911,997
 
Property under Development
 
 
4,090,845
 
 
3,663,301
 
Gross Real Estate Investments
 
$
917,248,367
 
$
755,848,938
 
Less Accumulated Depreciation
 
 
(62,943,655)
 
 
(56,401,423)
 
Net Real Estate Investments
 
$
854,304,712
 
$
699,447,515
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table details lease intangibles, net of accumulated amortization, as of June 30, 2016 and December 31, 2015:
 
 
 
June 30, 2016
 
December 31, 2015
 
Intangible Lease Asset - In-Place Leases
 
$
57,116,689
 
$
47,051,639
 
Less: Accumulated Amortization
 
 
(9,385,450)
 
 
(7,239,191)
 
Intangible Lease Asset - Above-Market Leases
 
 
90,519,783
 
 
61,241,046
 
Less: Accumulated Amortization
 
 
(10,251,249)
 
 
(7,367,216)
 
Intangible Lease Liability - Below-Market Leases
 
 
(32,835,370)
 
 
(21,162,576)
 
Less: Accumulated Amortization
 
 
5,346,444
 
 
4,028,614
 
Lease Intangible Asset, net
 
$
100,510,847
 
$
76,552,316