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Concentration of Credit Risks
 12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
Balance, December 31, 2010 61,642
Granted 52,139
Vested (49,805)
Cancelled (5,504)
Stock dividend5,305
Balance, December 31, 2011 63,777
Granted 57,016
Vested (57,577)
Cancelled (411)
Balance, December 31, 201262,805

Stock Dividends. The Company's Board of Directors declared stock dividends on common shares to all Stockholders of record and at rates shown in the table below:

 

    Stock  Common Stock
Date of Declaration  Record Date  Dividend Rate  Value  Shares  Amount
September 9, 2011 December 2, 2011 5% $8.60 720,366 $6,195,148

7. COMMITMENTS AND CONTINGENCIES

 

Operating Leases. The Company has operating leases with tenants that expire at various dates through 2020 and are either subject to scheduled fixed increases or adjustments based on the Consumer Price Index. Generally, the leases grant tenants renewal options. Leases also provide for additional rents based on certain operating expenses. Future contractual minimum rent due the Company under operating leases as of December 31, 2012 for five years and thereafter are summarized as follows:

 

  Scheduled
Years Ending:  Payments
2013$ 11,131,765
2014  8,580,441
2015  6,492,595
2016  3,854,614
2017  2,778,214
Thereafter   5,046,475
Total $ 37,884,104

June 1, 2062

  Scheduled
Years Ending:  Payments
2013$ 21,910
2014  21,910
2015  21,910
2016  21,910
2017  21,910
Thereafter   1,050,319
Total $ 1,159,869

Litigation. Neither the Company nor any of the Company's properties are presently subject to any material litigation nor, to the Company's knowledge, is there any material threatened litigation.

 

Environmental Matters. The Company monitors its properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist, the Company is not currently aware of any environmental liability with respect to the properties that would have a material effect on the Company's financial condition, results of operations and cash flow. Further, the Company is not aware of any environmental liability or any unasserted claim or assessment with respect to an environmental liability that the Company believes would require additional disclosure or recording of a loss contingency.