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Related Party Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Majestic
Related Party Transaction
Quarterly fees under compensation and services agreement	$ 633,750	$ 602,500	$ 1,901,000	$ 2,252,000
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
Insurance Reimbursement	513,000	400,000	513,000	400,000
Share of property insurance premiums	121,000	86,000	235,000	186,000
Joint venture partners
Related Party Transaction
Real estate management and acquisition costs	$ 64,000	$ 10,000	528,000	$ 31,000
Financing fee received			$ 131,000
Percentage of financing fees in Other Income			50.00%

X

- Definition

Represents the percentage of financing fees included in Other Income on income statement.

+ References

No definition available.

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- Definition

Represents information pertaining to reimbursement of insurance cost.

+ 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.

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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.

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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

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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

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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

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