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Segments (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months Ended |  | Nine Months Ended,
|  | September 30, |  | September 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
Industrial/Office Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income | $ | 2,638,194 |  | $ | 2,350,032 |  | $ | 7,848,551 |  | $ | 6,499,299
Property and related expenses |  | 880,108 |  |  | 806,940 |  |  | 2,537,538 |  |  | 2,204,997
Net operating income, as defined |  | 1,758,086 |  |  | 1,543,092 |  |  | 5,311,013 |  |  | 4,294,302
Residential Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 696,922 |  |  | 731,188 |  |  | 2,327,340 |  |  | 2,113,044
Property and related expenses |  | 25,722 |  |  | 75,185 |  |  | 178,556 |  |  | 259,426
Net operating income, as defined |  | 671,200 |  |  | 656,003 |  |  | 2,148,784 |  |  | 1,853,618
Retail Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 614,979 |  |  | 789,580 |  |  | 2,255,351 |  |  | 2,161,924
Property and related expenses |  | 234,942 |  |  | 260,294 |  |  | 622,246 |  |  | 620,263
Net operating income, as defined |  | 380,037 |  |  | 529,286 |  |  | 1,633,105 |  |  | 1,541,661
Self-Storage Properties: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | 839,272 |  |  | 730,947 |  |  | 2,383,990 |  |  | 2,188,805
Property and related expenses |  | 466,697 |  |  | 359,722 |  |  | 1,276,518 |  |  | 1,082,494
Net operating income, as defined |  | 372,575 |  |  | 371,225 |  |  | 1,107,472 |  |  | 1,106,311
Property management expenses (1) |  | 83,811 |  |  | - |  |  | 226,951 |  |  | -
Mortgage loan activity: |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 14,901 |  |  | 21,010 |  |  | 44,215 |  |  | 57,533
Reconciliation to Net Loss |  |  |  |  |  |  |  |  |  |  |
| Available to Common Shareholders: |  |  |  |  |  |  |  |  |  |  |
Total net operating income, |  |  |  |  |  |  |  |  |  |  |
| as defined, for reportable segments |  | 3,112,988 |  |  | 3,120,616 |  |  | 10,017,638 |  |  | 8,853,425
Unallocated other income: |  |  |  |  |  |  |  |  |  |  |
Total other income |  | 1,708 |  |  | 286,508 |  |  | 64,089 |  |  | 290,474
Gain on sale of real estate |  | 169,460 |  |  | 81,695 |  |  | 1,026,371 |  |  | 180,770
General and administrative expenses |  | 1,166,374 |  |  | 980,508 |  |  | 3,606,963 |  |  | 3,176,778
Interest expense |  | 1,247,604 |  |  | 1,167,736 |  |  | 3,800,959 |  |  | 3,220,906
Depreciation and amortization |  | 1,353,612 |  |  | 1,219,925 |  |  | 3,994,350 |  |  | 3,610,813
Asset impairments |  | (1,500,000) |  |  | (358,000) |  |  | (1,500,000) |  |  | (358,000)
Net loss before noncontrolling interests |  | (1,983,434) |  |  | (237,350) |  |  | (1,794,174) |  |  | (1,041,828)
Noncontrolling interests |  | 236,653 |  |  | 139,068 |  |  | 875,264 |  |  | 339,422
Net loss | $ | (2,220,087) |  | $ | (376,418) |  | $ | (2,669,438) |  | $ | (1,381,250)
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| September 30, |  | December 31,
| 2013 |  | 2012
Assets: |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 85,039,844 |  | $ | 86,695,553
Total assets (2) |  | 91,681,052 |  |  | 90,286,093
Residential Property: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 23,293,730 |  |  | 29,399,405
Total assets (2) |  | 23,619,550 |  |  | 31,869,016
Retail Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 22,090,970 |  |  | 22,613,528
Total assets (2) |  | 23,457,174 |  |  | 23,913,305
Self-Storage Properties: |  |  |  |  |
Land, buildings and improvements, net (1) |  | 30,131,911 |  |  | 26,930,233
Total assets (2) |  | 31,028,008 |  |  | 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 |  | 170,706,000 |  |  | 174,373,042
Other unallocated assets: |  |  |  |  |
Cash and cash equivalents |  | 8,611,182 |  |  | 10,746,536
Other assets, net |  | 1,599,055 |  |  | 12,415
Total Assets | $ | 180,916,237 |  | $ | 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] |
| Nine Months Ended September 30,
| 2013 |  | 2012
Capital Expenditures:(1) |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Acquisition of operating properties | $ | - |  | $ | 6,350,000
Capital expenditures and tenant improvements |  | 2,219,666 |  |  | 693,105
Residential Property: |  |  |  |  |
Acquisition of operating properties |  | 1,671,059 |  |  | 13,577,518
Retail Properties: |  |  |  |  |
Acquisition of operating properties |  | - |  |  | 1,125,000
Capital expenditures and tenant improvements |  | 45,000 |  |  | 158,005
Self Storage Properties: |  | 3,650,000 |  |  | -
Capital expenditures and tenant improvements |  | 22,141 |  |  | 20,964
Total acquisition of operating properties, net |  | 5,321,059 |  |  | 21,052,518
Total capital expenditures and tenant improvements |  | 2,286,807 |  |  | 872,074
Total additions to real estate assets | $ | 7,607,866 |  | $ | 21,924,592

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 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 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -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. + Details
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