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Segments (Tables) | 9 Months Ended
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Sep. 30, 2012
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months |  | Nine Months
|  | Ending September 30, |  | Ending September 30,
|  | 2012 |  | 2011 |  | 2012 |  | 2011
Industrial/Office Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income | $ | 2,350,032 |  | $ | 1,805,193 |  | $ | 6,499,299 |  | $ | 4,904,303
Property and related expenses |  | 806,940 |  |  | 742,206 |  |  | 2,204,997 |  |  | 1,983,374
Net operating income, as defined |  | 1,543,092 |  |  | 1,062,987 |  |  | 4,294,302 |  |  | 2,920,929
Residential Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 731,188 |  |  | 674,740 |  |  | 1,902,971 |  |  | 2,116,978
Property and related expenses |  | 75,185 |  |  | 46,160 |  |  | 161,691 |  |  | 129,840
Net operating income, as defined |  | 656,003 |  |  | 628,580 |  |  | 1,741,280 |  |  | 1,987,138
Retail Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 532,324 |  |  | 287,065 |  |  | 1,601,133 |  |  | 779,674
Property and related expenses |  | 191,723 |  |  | 109,354 |  |  | 506,101 |  |  | 287,350
Net operating income, as defined |  | 340,601 |  |  | 177,711 |  |  | 1,095,032 |  |  | 492,324
Self-Storage Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 730,947 |  |  | 577,302 |  |  | 2,188,806 |  |  | 1,694,523
Property and related expenses |  | 359,722 |  |  | 339,771 |  |  | 1,082,491 |  |  | 1,046,968
Net operating income, as defined |  | 371,225 |  |  | 237,531 |  |  | 1,106,315 |  |  | 647,555
Mortgage loan activity: |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 21,010 |  |  | 45,925 |  |  | 57,534 |  |  | 78,895
Reconciliation to Net Income |  |  |  |  |  |  |  |  |  |  |
| Available to Common Shareholders: |  |  |  |  |  |  |  |  |  |  |
Total net operating income, |  |  |  |  |  |  |  |  |  |  |
| as defined, for reportable segments |  | 2,931,931 |  |  | 2,152,734 |  |  | 8,294,463 |  |  | 6,126,841
Unallocated other income: |  |  |  |  |  |  |  |  |  |  |
Total other income |  | 286,514 |  |  | 8,680 |  |  | 290,474 |  |  | 23,301
Gain (loss) on sale of real estate |  | 81,695 |  |  | (32,424) |  |  | 180,770 |  |  | (56,911)
General and administrative expenses |  | 980,508 |  |  | 791,655 |  |  | 3,176,778 |  |  | 2,656,195
Interest expense |  | 1,106,966 |  |  | 751,326 |  |  | 3,037,641 |  |  | 2,121,382
Depreciation and amortization |  | 1,178,239 |  |  | 995,946 |  |  | 3,446,529 |  |  | 2,858,802
Net loss before noncontrolling interests |  |  |  |  |  |  |  |  |  |  |
| and discontinued operations |  | 34,427 |  |  | (409,937) |  |  | (895,241) |  |  | (1,543,148)
(Loss) income from discontinued operations |  | (296,794) |  |  | 50,080 |  |  | (208,850) |  |  | 115,084
Noncontrolling interests |  | 114,051 |  |  | 57,740 |  |  | 277,159 |  |  | 258,737
Net loss | $ | (376,418) |  | $ | (417,597) |  | $ | (1,381,250) |  | $ | (1,686,801)
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| September 30, |  | December 31,
| 2012 |  | 2011
Assets: |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 80,036,850 |  | $ | 75,314,093
Total assets (2) |  | 82,851,650 |  |  | 77,563,998
Residential Property: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 24,644,719 |  |  | 14,709,491
Total assets (2) |  | 24,988,964 |  |  | 15,876,762
Retail Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 16,488,231 |  |  | 15,648,876
Total assets (2) |  | 17,666,895 |  |  | 16,714,138
Self Storage Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 27,239,639 |  |  | 27,663,755
Total assets (2) |  | 27,390,959 |  |  | 27,832,381
Mortgage loan activity: |  |  |  |  |
Mortgage receivable and accrued interest |  | 920,216 |  |  | 1,032,082
Total assets |  | 920,216 |  |  | 1,032,082
Reconciliation to Total Assets: |  |  |  |  |
Total assets for reportable segments |  | 153,818,684 |  |  | 139,019,361
Other unallocated assets: |  |  |  |  |
Cash and cash equivalents |  | 3,860,286 |  |  | 4,872,081
Assets held for sale |  | 11,052,063 |  |  | 14,736,462
Other assets, net |  | 3,443,472 |  |  | 3,024,027
Total Assets | $ | 172,174,505 |  | $ | 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] |
| Nine Months Ended September 30,
| 2012 |  | 2011
Capital Expenditures:(1) |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Acquisition of operating properties | $ | 6,350,000 |  | $ | 9,575,000
Capital expenditures and tenant improvements |  | 693,105 |  |  | 766,751
Residential Property: |  |  |  |  |
Acquisition of operating properties |  | 13,577,518 |  |  | 5,646,380
Retail Properties: |  |  |  |  |
Acquisition of operating properties |  | 1,125,000 |  |  | 6,767,700
Capital expenditures and tenant improvements |  | 158,005 |  |  | 56,886
Self Storage Properties: |  |  |  |  |
Acquisition of operating properties |  | - |  |  | 415,000
Capital expenditures and tenant improvements |  | 20,964 |  |  | 2,300
Acquisition of operating properties, net |  | 21,052,518 |  |  | 22,404,080
Capital expenditures and tenant improvements |  | 872,074 |  |  | 825,937
Total real estate investments | $ | 21,924,592 |  | $ | 23,230,017

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