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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONSOLIDATED STATEMENTS OF INCOME        
Interest income $ 26,340,585 $ 25,492,429 $ 53,549,980 $ 50,404,284
Other interest income, net 7,884,344   7,884,344  
Interest expense 11,592,762 11,222,597 25,520,129 21,813,975
Net interest income 22,632,167 14,269,832 35,914,195 28,590,309
Other revenue:        
Property operating income 7,201,834 9,001,383 15,652,177 18,259,471
Other income, net 76,816 150,187 112,816 1,008,583
Total other revenue 7,278,650 9,151,570 15,764,993 19,268,054
Other expenses:        
Employee compensation and benefits 4,966,138 3,552,548 9,256,344 6,938,497
Selling and administrative 2,907,804 3,194,845 5,805,614 5,177,064
Property operating expenses 5,967,644 7,423,080 12,352,732 14,420,203
Depreciation and amortization 1,447,642 2,158,353 2,886,319 3,970,036
Impairment loss on real estate owned       250,000
Provision for loan losses (net of recoveries) 1,093,544 (870,187) 2,076,224 (735,843)
Management fee - related party 2,675,000 2,500,000 5,350,000 4,950,000
Total other expenses 19,057,772 17,958,639 37,727,233 34,969,957
Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate, gain on sale of equity interest and income from equity affiliates 10,853,045 5,462,763 13,951,955 12,888,406
Gain on acceleration of deferred income     11,009,162  
Loss on termination of swaps     (4,289,450)  
Gain on sale of real estate     3,984,364  
Gain on sale of equity interests   7,851,266   7,851,266
Income from equity affiliates 1,534,025 40,493 4,629,938 80,541
Net income 12,387,070 13,354,522 29,285,969 20,820,213
Preferred stock dividends 1,888,430 1,888,465 3,776,860 3,479,395
Net income attributable to common stockholders $ 10,498,640 $ 11,466,057 $ 25,509,109 $ 17,340,818
Basic earnings per common share (in dollars per share) $ 0.21 $ 0.23 $ 0.50 $ 0.35
Diluted earnings per common share (in dollars per share) 0.21 0.23 0.50 0.35
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.13 $ 0.28 $ 0.26
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 50,955,648 50,267,462 50,751,247 49,804,457
Diluted (in shares) 50,955,648 50,701,742 50,894,531 50,229,899