XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Real Estate Held For Sale and Discontinued Operations | 12 Months Ended
--- | ---
Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract] |
Real Estate Held For Sale and Discontinued Operations | 6. REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS Discontinued operations for the years ended December 31, 2015 and 2014 include the operations of its Sparky’s Self-Storage Portfolio located in Southern California, which was sold to an unrelated party on April 10, 2015. The following summary presents the major components of real estate held for sale and liabilities related to real estate held for sale as of:
|  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
Real estate assets |  | $ | — |  |  | $ | 32,637,520 |
Less: accumulated depreciation |  |  | — |  |  |  | (3,529,845 | )
Real estate assets, net |  |  | — |  |  |  | 29,107,675 |
Other assets |  |  | — |  |  |  | 895,831 |
Total assets |  | $ | — |  |  | $ | 30,003,506 |
Mortgage notes payable |  |  | — |  |  |  | 16,932,524 |
Other liabilities |  |  | — |  |  |  | 508,955 |
Total liabilities |  | $ | — |  |  | $ | 17,423,479 |
The following table summarizes certain revenue and expenses related to these properties for the years ended December 31:
|  | For the Years Ended December 31, |
|  | 2015 |  |  | 2014 |
Rental revenues |  | $ | 940,048 |  |  | $ | 3,080,387 |
Fee and other income |  |  | 112,218 |  |  |  | 348,116 |
Rental operating expenses |  |  | (595,832 | ) |  |  | (1,716,379 | )
Depreciation |  |  | (165,646 | ) |  |  | (666,119 | )
Interest expense |  |  | (422,163 | ) |  |  | (883,647 | )
Gain on sale of real estate |  |  | 4,730,398 |  |  |  | (156,651 | )
Discontinued operations before non-controlling interests |  | $ | 4,599,023 |  |  | $ | 5,707 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 6: 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=51719941&loc=d3e2941-110230 Reference 7: 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=51717284&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 Reference 12: 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=51717284&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration