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Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (1,381,250) $ (1,686,801)
Adjustments to reconcile net loss to net cash    
Depreciation amortization and amortization of above market rents 3,660,692 3,106,614
Stock compensation 365,056 274,852
Loss on sale of real estate assets (180,770) 56,911
Asset impairments 358,000 0
Bad debt expense 63,078 51,429
Net Income Loss Attributable To Noncontrolling Interest 277,159 258,737
Other assets (180,599) (1,105,687)
IncreaseDecreaseInAccounts Payable And Accrued Liabilities 434,823 65,111
Net cash provided by (used in) operating activities 3,416,189 1,021,166
Cash flows from investing activities:    
Payments for Tenant Improvements 872,074 825,937
Payments To Acquire Real Estate 21,052,518 22,404,080
Proceeds on sale of real estate assets 6,503,816 6,566,951
Deposits on potential acquisitions 0 150,000
Purchase of notes receivable 111,866 (112,602)
Restricted cash 127,142 (391,162)
Net cash used in investing activities (15,181,768) (17,316,830)
Cash flows from financing activities:    
Proceeds from mortgage notes payable (16,122,341) (17,501,890)
Repayment of mortgage notes payable (4,076,843) (8,178,513)
Repurchase of common stock 15,660 302,075
Net proceeds from issuance of common stock 0 7,993,768
Proceeds received from noncontrolling interests In Excess of Distributions Paid 2,137,810 354,696
Repurchase of common stock - related parties (155,904) (82,520)
Deferred stock issuance costs (18,895) (171,362)
Dividends paid (3,166,063) (2,614,325)
Net cash provided by financing activities 10,826,786 14,501,559
Net (decrease) increase in cash and cash equivalents (938,793) (1,794,105)
Cash and cash equivalents:    
Beginning of year 4,746,530 7,028,090
Change in cash of assets held for sale 52,549  
End of period 3,860,286 5,233,985
Supplemental Cash Flow Information [Abstract]    
Interest paid 3,128,998 2,444,793
Non-cash investing and financing activities:    
Reclassification of assets held for sale 1,296,868 0
Reinvestment of cash dividend 3,036,195 2,867,241
Accrual of dividends payable $ 1,104,427 $ 967,927