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Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (1,004,832) $ (1,269,204)
Adjustments to reconcile net loss to net cash    
Depreciation amortization and amortization of above market rents 2,556,094 2,070,344
Stock compensation 250,906 219,240
Loss on sale of real estate assets (99,075) 24,487
Bad debt expense 31,330 46,843
Net Income Loss Attributable To Noncontrolling Interest 200,354 226,118
Other assets (172,378) (759,733)
IncreaseDecreaseInAccounts Payable And Accrued Liabilities 132,104 (157,632)
Net cash provided by (used in) operating activities 1,894,503 400,463
Cash flows from investing activities:    
Payments for Tenant Improvements 675,504 496,917
Payments To Acquire Real Estate 21,052,615 13,525,980
Proceeds on sale of real estate assets 4,706,238 5,158,798
Deposits on potential acquisitions 0 283,000
Purchase of notes receivable 1,569 (113,275)
Restricted cash 270,578 (79,981)
Net cash used in investing activities (16,749,734) (9,340,355)
Cash flows from financing activities:    
Proceeds from mortgage notes payable (15,997,341) (13,117,890)
Stock Issued During Period, Value, Conversion of Units 143,905 0
Repayment of mortgage notes payable (3,103,091) (6,018,897)
Repurchase of common stock 15,660 302,075
Net proceeds from issuance of common stock 0 5,349,559
Proceeds received from noncontrolling interests In Excess of Distributions Paid 495,801 181,710
Repurchase of common stock - related parties (155,904) (82,520)
Deferred stock issuance costs (18,895) (218,400)
Dividends paid (2,043,257) (1,697,448)
Net cash provided by financing activities 11,300,240 10,329,819
Net (decrease) increase in cash and cash equivalents (3,554,991) 1,389,927
Cash and cash equivalents:    
Beginning of year 4,872,081 7,028,090
End of period 1,317,090 8,418,017
Supplemental Cash Flow Information [Abstract]    
Interest paid 2,033,265 1,397,560
Non-cash investing and financing activities:    
Reinvestment of cash dividend 2,026,994 1,904,882
Accrual of dividends payable $ 1,122,806 $ 916,878