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Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Income Statement Abstract    
Rental income $ 3,978,614 $ 3,088,930
Fee and other income 109,572 238,300
Total Revenues 4,088,186 3,327,230
Costs and expenses:    
Rental operating costs 1,333,131 1,107,459
General and administrative 1,124,718 917,702
Depreciation and amortization 1,176,738 978,486
Total costs and expenses 3,634,587 3,003,647
Income (loss) from operations 453,599 323,583
Interest expense 981,484 728,364
Interest income 20,359 24,174
Gain on sale of real estate 44,082  
Loss on sale of real estate assets   (82,277)
Total other expense, net (917,043) (786,467)
Net loss before noncontrolling interests (463,444) (462,884)
Income (loss) attributable to noncontrolling interests 108,167 75,915
Net loss $ (571,611) $ (538,799)
Loss per common share - basic and diluted: $ (0.04) $ (0.04)
Weighted average number of common shares outstanding 15,305,083 13,291,485