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Related Party Transactions (Details) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Majestic |  |  |  |
Related Party Transaction |  |  |  |
Quarterly fees under compensation and services agreement |  |  | $ 633,750 | $ 825,000
Overhead expenses under compensation and services agreement |  |  | 48,900 | 46,600
Management fees under compensation and services agreement |  |  | 223,125 | 212,500
Chairman |  |  |  |
Related Party Transaction |  |  |  |
Quarterly fees under compensation and services agreement |  |  | 65,625 | 62,500
Vice Chairman |  |  |  |
Related Party Transaction |  |  |  |
Quarterly fees under compensation and services agreement |  |  | 26,250 | 25,000
Gould Investors L.P. |  |  |  |
Related Party Transaction |  |  |  |
Share of property insurance premiums | $ 57,000 | $ 50,000 | 114,000 | 100,000
Joint venture partners |  |  |  |
Related Party Transaction |  |  |  |
Real estate management and acquisition costs | 359,000 | $ 9,000 | 464,000 | $ 21,000
Financing fee received | $ 131,000 |  | $ 131,000 |
Percentage of financing fees in Other Income | 50.00% |  | 50.00% |

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- Definition Represents the percentage of financing fees included in Other Income on income statement. + References No definition available. + Details
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- Definition Represents the aggregate costs related to management and acquisition of properties during the reporting period. + References No definition available. + Details
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- Definition Represents the quarterly amount to be paid under the agreement with the related party for the current fiscal year. + References No definition available. + Details
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- Definition Represents management fees included in the quarterly amount to be paid under the agreement with the related party for the current fiscal year. + References No definition available. + Details
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- Definition Represents overhead expenses included in the quarterly amount to be paid under the agreement with the related party for the current fiscal year. + References No definition available. + Details
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- Definition Interest and fee income generated from loans secured by commercial properties. Examples of properties commonly securing commercial real estate loans may include office buildings, apartment buildings, shopping centers, industrial property, and hotels. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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- Definition A contract to provide coverage or protection in exchange for a payment or "premium". Examples of insurance protection include liability and property insurance. The entity paying the premiums for the protection will have insurance expense and possibly an asset, Prepaid Insurance (if the premiums are paid in advance). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.6) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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