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Real Estate Held For Sale and Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2015
Real Estate Held For Sale and Discontinued Operations [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The following summary presents the major components of real estate held for sale and liabilities related to real estate held for sale as of March 31, 2015 and December 31, 2014:
|  |  | 2015 |  |  | 2014
Real estate assets | $ | 32,624,770 |  | $ | 32,637,520
Less: accumulated depreciation |  | (3,695,491) |  |  | (3,529,845)
Real estate assets, net |  | 28,929,279 |  |  | 29,107,675
Other assets |  | 969,197 |  |  | 895,831
| Total assets | $ | 29,898,476 |  | $ | 30,003,506
Mortgage notes payable | $ | 16,833,662 |  | $ | 17,260,387
Other liabilities |  | 263,132 |  |  | 163,092
| Total liabilities | $ | 17,096,794 |  | $ | 17,423,479
The following table summarizes certain revenue and expenses related to these properties for the three months ended March 31, 2015 and 2014:
|  | 2015 |  |  | 2014
Rental revenues | $ | 789,483 |  | $ | 783,707
Fee and other income |  | 103,494 |  |  | 76,880
Rental operating expenses |  | (480,960) |  |  | (406,757)
Depreciation |  | (165,646) |  |  | (167,269)
Interest expense |  | (216,067) |  |  | (220,879)
Discontinued operations before non-controlling interests | $ | 30,304 |  | $ | 65,682

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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