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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2016, aggregated by the level in the fair value hierarchy within which those measurements fall:
 
 
 
Quoted Prices in
Active Markets for
Identical Assets and
Liabilities (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Balance at
June 30, 2016
 
Asset:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
-
 
$
-
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liability:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
-
 
$
7,815,472
 
$
-
 
$
7,815,472
 
Mortgage notes payable
 
$
-
 
$
-
 
$
94,683,533
 
$
90,464,356
 
Unsecured term loans
 
$
-
 
$
-
 
$
101,327,953
 
$
99,417,855
 
Senior unsecured notes
 
$
-
 
$
-
 
$
99,710,010
 
$
99,197,009
 
Revolving credit facility
 
$
-
 
$
98,000,000
 
$
-
 
$
98,000,000