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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement Abstract        
Rental income $ 4,098,552 $ 3,221,345 $ 11,755,787 $ 9,021,727
Fee and other income 245,939 122,955 436,422 473,751
Total Revenues 4,344,491 3,344,300 12,192,209 9,495,478
Costs and expenses:        
Direct Costs of Leased and Rented Property or Equipment 1,433,570 1,237,491 3,955,280 3,447,532
General and administrative 980,508 791,655 3,176,778 2,656,195
Depreciation, Depletion and Amortization 1,178,239 995,946 3,446,529 2,858,802
Total costs and expenses 3,592,317 3,025,092 10,578,587 8,962,529
Income (loss) from operations 752,174 319,208 1,613,622 532,949
Interest Expense, Debt 1,106,966 751,326 3,037,641 2,121,382
Interest income 22,277 54,605 62,761 102,196
Gain on sale of real estate 81,695 (32,424) 180,770 (56,911)
Gain on dissolution of partnership interests 285,247 0 285,247 0
Total other expense, net (717,747) (729,145) (2,508,863) (2,076,097)
Net income (loss) from continuing operations 34,427 (409,937) (895,241) (1,543,148)
Discontinued operations        
Income from discontinued operations 61,206 50,080 149,150 115,084
Impairments (358,000) 0 (358,000) 0
(Loss) income from discontinued operations (296,794) 50,080 (208,850) 115,084
Net loss before noncontrolling interests (262,367) (359,857) (1,104,091) (1,428,064)
Income (loss) attributable to noncontrolling interests 114,051 57,740 277,159 258,737
Net loss $ (376,418) $ (417,597) $ (1,381,250) $ (1,686,801)
Basic and diluted (loss)/income per common share:        
Continuing operations $ 0 $ (0.03) $ (0.08) $ (0.13)
Discountinued operations $ (0.02) $ 0 $ (0.01) $ 0.01
Basic and diluted: $ (0.02) $ (0.03) $ (0.09) $ (0.12)
Weighted average number of common shares outstanding 15,503,302 14,080,428 15,435,746 13,678,716