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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)
Preferred Stock
8.50% Series C preferred stock
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Private REIT preferred stock
Accumulated Deficit
Accumulated Other Comprehensive Loss
8.50% Series C preferred stock
Private REIT preferred stock
Total
Balance at Dec. 31, 2013   $ 67,654,655 $ 517,870 $ 623,993,245 $ (17,100,916)   $ (212,231,319) $ (25,237,253)     $ 437,596,282
Balance (in shares) at Dec. 31, 2013   2,811,500 51,787,075   (2,650,767)            
Increase (Decrease) in Stockholders' Equity                      
Issuance of common stock     10,000 6,504,000             6,514,000
Issuance of common stock (in shares)     1,000,000                
Cancellation of warrants       (2,602,500)             (2,602,500)
Issuance of preferred stock 21,641,250               21,641,250    
Issuance of preferred stock (in shares) 900,000                    
Stock-based compensation     3,410 1,685,221             1,688,631
Stock-based compensation (in shares)     341,000                
Distributions - common stock             (19,467,490)       (19,467,490)
Distributions - preferred stock           (10,806) (5,367,825)     (10,806) (5,367,825)
Net income             86,110,764       86,110,764
Unrealized loss on securities available-for-sale               (305,763)     (305,763)
Reclassification of unrealized gain on securities available-for-sale realized into earnings               (431,476)     (431,476)
Unrealized loss on derivative financial instruments, net               (813,366)     (813,366)
Reclassification of net realized loss on derivatives designated as cash flow hedges into earnings               9,614,701     9,614,701
Balance at Sep. 30, 2014   89,295,905 531,280 629,579,966 (17,100,916)   (150,966,676) (17,173,157)     534,166,402
Balance (in shares) at Sep. 30, 2014   3,711,500 53,128,075   (2,650,767)            
Balance at Jan. 31, 2014                      
Increase (Decrease) in Stockholders' Equity                      
Issuance of common stock (in shares)     1,000,000                
Balance at Sep. 30, 2014   $ 89,295,905 $ 531,280   $ (17,100,916)            
Balance (in shares) at Sep. 30, 2014   3,711,500 53,128,075   (2,650,767)