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Segments | 9 Months Ended
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Sep. 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 nine months ended September 30, 2012 and 2011.
|  | 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)
| 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.
| 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
____________ (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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