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Segments (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months |  | Six Months
|  | Ending June 30, |  | Ending June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
Industrial/Office Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income | $ | 2,634,708 |  | $ | 2,129,857 |  | $ | 5,210,357 |  | $ | 4,149,268
Property and related expenses |  | 806,970 |  |  | 716,548 |  |  | 1,657,430 |  |  | 1,398,057
Net operating income, as defined |  | 1,827,738 |  |  | 1,413,309 |  |  | 3,552,927 |  |  | 2,751,211
Residential Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 756,100 |  |  | 659,375 |  |  | 1,630,418 |  |  | 1,313,556
Property and related expenses |  | 76,055 |  |  | 77,893 |  |  | 152,834 |  |  | 153,836
Net operating income, as defined |  | 680,045 |  |  | 581,482 |  |  | 1,477,584 |  |  | 1,159,720
Retail Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 644,498 |  |  | 740,288 |  |  | 1,640,372 |  |  | 1,440,644
Property and related expenses |  | 203,009 |  |  | 184,610 |  |  | 387,304 |  |  | 390,373
Net operating income, as defined |  | 441,489 |  |  | 555,678 |  |  | 1,253,068 |  |  | 1,050,271
Self-Storage Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 821,963 |  |  | 743,620 |  |  | 1,544,718 |  |  | 1,457,858
Property and related expenses |  | 424,753 |  |  | 352,853 |  |  | 809,821 |  |  | 722,769
Net operating income, as defined |  | 397,210 |  |  | 390,767 |  |  | 734,897 |  |  | 735,089
Mortgage loan activity: |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 14,738 |  |  | 18,333 |  |  | 29,314 |  |  | 36,523
Reconciliation to Net Loss |  |  |  |  |  |  |  |  |  |  |
| Available to Common Shareholders: |  |  |  |  |  |  |  |  |  |  |
Total net operating income, |  |  |  |  |  |  |  |  |  |  |
| as defined, for reportable segments |  | 3,361,220 |  |  | 2,959,569 |  |  | 7,047,790 |  |  | 5,732,814
Unallocated other income: |  |  |  |  |  |  |  |  |  |  |
Total other income |  | 55,701 |  |  | 1,792 |  |  | 62,381 |  |  | 3,961
Gain on sale of real estate |  | 410,258 |  |  | 54,993 |  |  | 856,911 |  |  | 99,075
General and administrative expenses |  | 1,350,968 |  |  | 1,071,552 |  |  | 2,583,729 |  |  | 2,196,270
Interest expense |  | 1,219,329 |  |  | 1,071,686 |  |  | 2,553,355 |  |  | 2,053,170
Depreciation and amortization |  | 1,325,534 |  |  | 1,214,150 |  |  | 2,640,738 |  |  | 2,390,888
Net (loss) income before noncontrolling interests |  | (68,652) |  |  | (341,034) |  |  | 189,260 |  |  | (804,478)
Noncontrolling interests |  | 327,550 |  |  | 92,187 |  |  | 638,611 |  |  | 200,354
Net loss | $ | (396,202) |  | $ | (433,221) |  | $ | (449,351) |  | $ | (1,004,832)
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| June 30, |  | December 31,
| 2013 |  | 2012
Assets: |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 86,430,146 |  | $ | 86,695,553
Total assets (2) |  | 90,613,146 |  |  | 90,286,093
Residential Property: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 24,552,141 |  |  | 29,399,405
Total assets (2) |  | 25,063,971 |  |  | 31,869,016
Retail Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 22,232,138 |  |  | 22,613,528
Total assets (2) |  | 23,561,013 |  |  | 23,913,305
Self-Storage Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 30,285,129 |  |  | 26,930,233
Total assets (2) |  | 30,999,387 |  |  | 27,384,412
Mortgage loan activity: |  |  |  |  |
Mortgage receivable and accrued interest |  | 920,216 |  |  | 920,216
Total assets |  | 920,216 |  |  | 920,216
Reconciliation to Total Assets: |  |  |  |  |
Total assets for reportable segments |  | 171,157,733 |  |  | 174,373,042
Other unallocated assets: |  |  |  |  |
Cash and cash equivalents |  | 7,807,237 |  |  | 10,746,536
Other assets, net |  | 3,575,665 |  |  | 12,415
Total Assets | $ | 182,540,635 |  | $ | 185,131,993
____________ |  |  |  |  |
(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] |
| Six Months Ended June 30,
| 2013 |  | 2012
Capital Expenditures:(1) |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Acquisition of operating properties | $ | - |  | $ | 6,350,000
Capital expenditures and tenant improvements |  | 1,407,645 |  |  | 500,704
Residential Property: |  |  |  |  |
Acquisition of operating properties |  | 1,139,715 |  |  | 13,577,615
Retail Properties: |  |  |  |  |
Acquisition of operating properties |  | - |  |  | 1,125,000
Capital expenditures and tenant improvements |  | - |  |  | 153,836
Self Storage Properties: |  | 3,650,000 |  |  | -
Capital expenditures and tenant improvements |  | 8,903 |  |  | 20,964
Total acquisition of operating properties, net |  | 4,789,715 |  |  | 21,052,615
Total capital expenditures and tenant improvements |  | 1,416,548 |  |  | 675,504
Total additions to real estate assets | $ | 6,206,263 |  | $ | 21,728,119

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