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Segments | 6 Months Ended
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Jun. 30, 2012
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 7. SEGMENTS The Company's reportable segments consist of the four types of commercial real estate properties for which the Company's decision-makers internally evaluate operating performance and financial results: Residential Properties, Industrial and Office Properties, Retail Properties, Self-Storage Properties; and Mortgage Loans. The Company also has certain corporate level activities including accounting, finance, legal administration and management information systems which are not considered separate operating segments. The Company's chief operating decision maker evaluates the performance of its segments based upon net operating income. Net operating income is defined as operating revenues (rental income, tenant reimbursements and other property income) less property and related expenses (property expenses, real estate taxes, ground leases and provisions for bad debts) and excludes other non-property income and expenses, interest expense, depreciation and amortization, and general and administrative expenses. The accounting policies of the reportable segments are the same as those described in the Company's significant accounting policies (see Note 2). There is no intersegment activity. The following tables reconcile the Company's segment activity to its results of operations and financial position as of and for the three and six months ended June 30, 2012 and 2011.
|  | 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)
| 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.
| 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
____________ (1) Total consolidated capital expenditures are equal to the same amounts disclosed for total reportable segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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