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Condensed Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Income Statement Abstract        
Rental income $ 3,181,775 $ 2,367,680 $ 6,270,705 $ 4,316,942
Fee and other income 115,448 91,879 353,748 156,293
Total Revenues 3,297,223 2,459,559 6,624,453 4,473,235
Costs and expenses:        
Rental operating costs 1,241,519 1,125,179 2,348,978 2,059,641
General and administrative 946,838 805,319 1,864,540 1,567,788
Depreciation and amortization 1,002,552 889,681 1,981,038 1,667,163
Total costs and expenses 3,190,909 2,820,179 6,194,556 5,294,592
Income (loss) from operations 106,314 (360,620) 429,897 (821,357)
Interest expense 767,723 498,909 1,496,087 876,064
Interest income 23,417 27,842 47,591 54,757
Loss on sale of real estate assets 57,790 0 (24,487) 0
Equity in earnings of real estate ventures 0 0 0 1,769
Net (Loss) income (580,202) (831,687) (1,043,086) (1,640,895)
Income attributable to noncontrolling interests 150,203 57,719 226,118 94,495
Net loss (730,405) (889,406) (1,269,204) (1,735,390)
Preferred Stock Dividends, Income Statement Impact 0 12,484 0 34,447
Net loss attributable to common shareholders $ (730,405) $ (901,890) $ (1,269,204) $ (1,769,837)
Earnings Per Share, Basic and Diluted $ 0.06 $ 0.08 $ 0.10 $ 0.17
Weighted average number of common shares outstanding 13,009,506 10,978,215 12,835,001 10,687,238