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Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Income Statement Abstract    
Rental income $ 13,504,489 $ 9,669,561
Fee and other income 572,616 525,506
Total Revenues 14,077,105 10,195,067
Costs and expenses:    
Rental operating costs 4,944,010 4,312,021
General and administrative 3,846,177 3,411,691
Depreciation and amortization 4,170,626 3,531,261
Asset impairment 429,000 1,000,000
Total costs and expenses 13,389,813 12,254,973
Income (loss) from operations 687,292 (2,059,906)
Interest expense 3,194,887 2,044,394
Interest income 125,662 101,885
Gain on sale of real estate 119,925  
Loss on sale of real estate assets   0
Income from investment in real estate ventures 0 1,769
Bargain purchase gain 0 872,152
Total other expense, net (2,949,300) (1,068,588)
Net loss before noncontrolling interests (2,262,008) (3,128,494)
Income (loss) attributable to noncontrolling interests 354,895 (139,145)
Net loss (2,616,903) (2,989,349)
Preferred stock dividends 0 34,447
Net loss attributable to common stockholders $ (2,616,903) $ (3,023,796)
Loss per common share - basic and diluted: $ (0.18) $ (0.26)
Weighted average number of common shares outstanding 14,190,786 11,771,524