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Segments (Tables) | 6 Months Ended
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Jun. 30, 2012
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Month |  | Six Month
|  | Period Ended June 30, |  | Period Ended June 30,
|  | 2012 |  | 2011 |  | 2012 |  | 2011
Industrial/Office Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income | $ | 2,129,857 |  | $ | 1,623,027 |  | $ | 4,149,268 |  | $ | 3,099,108
Property and related expenses |  | 716,548 |  |  | 660,000 |  |  | 1,398,057 |  |  | 1,254,235
Net operating income, as defined |  | 1,413,309 |  |  | 963,027 |  |  | 2,751,211 |  |  | 1,844,873
Residential Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 659,375 |  |  | 706,438 |  |  | 1,313,556 |  |  | 1,568,855
Property and related expenses |  | 77,893 |  |  | 90,789 |  |  | 153,836 |  |  | 142,926
Net operating income, as defined |  | 581,482 |  |  | 615,649 |  |  | 1,159,720 |  |  | 1,425,929
Retail Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 740,288 |  |  | 410,214 |  |  | 1,440,644 |  |  | 839,266
Property and related expenses |  | 184,610 |  |  | 132,184 |  |  | 390,373 |  |  | 244,616
Net operating income, as defined |  | 555,678 |  |  | 278,030 |  |  | 1,050,271 |  |  | 594,650
Self-Storage Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 743,620 |  |  | 557,544 |  |  | 1,457,858 |  |  | 1,117,224
Property and related expenses |  | 352,853 |  |  | 358,546 |  |  | 722,769 |  |  | 707,201
Net operating income, as defined |  | 390,767 |  |  | 198,998 |  |  | 735,089 |  |  | 410,023
Mortgage loan activity: |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 18,333 |  |  | 17,236 |  |  | 36,523 |  |  | 32,970
Reconciliation to Net Income |  |  |  |  |  |  |  |  |  |  |
| Available to Common Shareholders: |  |  |  |  |  |  |  |  |  |  |
Total net operating income, |  |  |  |  |  |  |  |  |  |  |
| as defined, for reportable segments |  | 2,959,569 |  |  | 2,072,940 |  |  | 5,732,814 |  |  | 4,308,445
Unallocated other income: |  |  |  |  |  |  |  |  |  |  |
Total other income |  | 1,792 |  |  | 6,181 |  |  | 3,961 |  |  | 14,621
Gain (loss) on sale of real estate |  | 54,993 |  |  | 57,790 |  |  | 99,075 |  |  | (24,487)
General and administrative expenses |  | 1,071,552 |  |  | 946,838 |  |  | 2,196,270 |  |  | 1,864,540
Interest expense |  | 1,071,686 |  |  | 767,723 |  |  | 2,053,170 |  |  | 1,496,087
Depreciation and amortization |  | 1,214,150 |  |  | 1,002,552 |  |  | 2,390,888 |  |  | 1,981,038
Net loss before noncontrolling interests |  | (341,034) |  |  | (580,202) |  |  | (804,478) |  |  | (1,043,086)
Noncontrolling interests |  | 92,187 |  |  | 150,203 |  |  | 200,354 |  |  | 226,118
Net loss | $ | (433,221) |  | $ | (730,405) |  | $ | (1,004,832) |  | $ | (1,269,204)
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| June 30, |  | December 31,
| 2012 |  | 2011
Assets: |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 80,613,576 |  | $ | 75,314,093
Total assets (2) |  | 83,181,162 |  |  | 77,563,998
Residential Property: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 29,784,726 |  |  | 21,129,410
Total assets (2) |  | 30,225,135 |  |  | 22,434,205
Retail Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 24,570,334 |  |  | 23,647,629
Total assets (2) |  | 25,841,101 |  |  | 24,893,157
Self Storage Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 27,389,547 |  |  | 27,663,755
Total assets (2) |  | 27,590,550 |  |  | 27,832,381
Mortgage loan activity: |  |  |  |  |
Mortgage receivable and accrued interest |  | 1,031,307 |  |  | 1,032,082
Total assets |  | 1,031,307 |  |  | 1,032,082
Reconciliation to Total Assets: |  |  |  |  |
Total assets for reportable segments |  | 167,869,255 |  |  | 153,755,823
Other unallocated assets: |  |  |  |  |
Cash and cash equivalents |  | 1,317,090 |  |  | 4,872,081
Other assets, net |  | 3,344,358 |  |  | 3,024,027
Total Assets | $ | 172,530,703 |  | $ | 161,651,931
____________ |  |  |  |  |
(1) Includes lease intangibles and the land purchase option related to property acquisitions.
(2) Includes land, buildings and improvements, current receivables, deferred rent receivables and
deferred leasing costs and other related intangible assets, all shown on a net basis.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] |
| Six months ended June 30,
| 2012 |  | 2011
Capital Expenditures:(1) |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Acquisition of operating properties | $ | 6,350,000 |  | $ | 9,575,000
Capital expenditures and tenant improvements |  | 500,704 |  |  | 462,442
Residential Property: |  |  |  |  |
Acquisition of operating properties |  | 13,577,615 |  |  | 3,535,980
Retail Properties: |  |  |  |  |
Acquisition of operating properties |  | 1,125,000 |  |  | -
Capital expenditures and tenant improvements |  | 153,836 |  |  | 32,175
Self Storage Properties: |  |  |  |  |
Acquisition of operating properties |  | - |  |  | 415,000
Capital expenditures and tenant improvements |  | 20,964 |  |  | 2,300
Acquisition of operating properties, net |  | 21,052,615 |  |  | 13,525,980
Capital expenditures and tenant improvements |  | 675,504 |  |  | 496,917
Total real estate investments | $ | 21,728,119 |  | $ | 14,022,897

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