XML 41 R12.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Real Estate Held For Sale and Discontinued Operations | 3 Months Ended
--- | ---
Mar. 31, 2015
Real Estate Held For Sale and Discontinued Operations [Abstract] |
Real Estate Held For Sale and Discontinued Operations [Text Block] | 6. REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS Discontinued operations for the three months ended March 31, 2015 and year ended December 31, 2014 include the operations of its Sparky’s Self-Storage Portfolio located in Southern California. 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

X
- Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 8: 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 9: 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
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration