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Consolidated Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011
Income Statement Abstract |  |  |  |
Rental income | $ 4,185,568 | $ 3,181,775 | $ 8,164,182 | $ 6,270,705
Fee and other income | 87,572 | 115,448 | 197,144 | 353,748
Total Revenues | 4,273,140 | 3,297,223 | 8,361,326 | 6,624,453
Costs and expenses: |  |  |  |
Rental operating costs | 1,331,904 | 1,241,519 | 2,665,035 | 2,348,978
General and administrative | 1,071,552 | 946,838 | 2,196,270 | 1,864,540
Depreciation and amortization | 1,214,150 | 1,002,552 | 2,390,888 | 1,981,038
Total costs and expenses | 3,617,606 | 3,190,909 | 7,252,193 | 6,194,556
Income (loss) from operations | 655,534 | 106,314 | 1,109,133 | 429,897
Interest expense | 1,071,686 | 767,723 | 2,053,170 | 1,496,087
Interest income | 20,125 | 23,417 | 40,484 | 47,591
Gain on sale of real estate | 54,993 | 57,790 | 99,075 | (24,487)
Loss on sale of real estate assets |  |  |  | (24,487)
Total other expense, net | (996,568) | (686,516) | (1,913,611) | (1,472,983)
Net loss before noncontrolling interests | (341,034) | (580,202) | (804,478) | (1,043,086)
Income (loss) attributable to noncontrolling interests | 92,187 | 150,203 | 200,354 | 226,118
Net loss | $ (433,221) | $ (730,405) | $ (1,004,832) | $ (1,269,204)
Loss per common share - basic and diluted: | $ (0.03) | $ (0.05) | $ (0.07) | $ (0.09)
Weighted average number of common shares outstanding | 15,400,309 | 13,659,981 | 15,316,875 | 13,476,751

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