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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (1,165,644) $ (1,829,525)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization from continuing operations 2,659,531 1,861,546
Depreciation and amortization from discontinued operations   165,646
Stock compensation 129,534 125,080
Bad debt expense (68,613)  
Gain on sales of real estate assets and partnerships, net (175,486) (78,496)
Amortization of financing costs 357,610 308,159
Amortization of above-market leases 46,568 59,069
Amortization of below-market leases (120,158) (26,048)
Changes in operating assets and liabilities:    
Other assets (192,065) (372,043)
Accounts payable and accrued liabilities (302,830) 128,115
Accrued real estate taxes (58,917) 71,932
Net cash provided by operating activities 1,109,530 413,435
Cash flows from investing activities:    
Real estate acquisitions (7,399,545) (3,756,740)
Building and tenant improvements (749,992) (1,166,437)
Deferred leasing costs (280,323) (135,674)
Proceeds received from sale of real estate assets 1,256,151 614,814
Restricted cash 654,615 (1,026,656)
Net cash used in investing activities (6,519,094) (5,470,693)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 5,112,787 8,104,031
Repayment of mortgage notes payable (932,433) (3,774,416)
Proceeds from issuance of common stock   49,999
Contributions received from noncontrolling interests in excess of distributions paid 1,045,243 662,192
Repurchase of common stock (5,823) (147,774)
Dividends paid to stockholders (1,064,912) (997,176)
Net cash provided by financing activities 4,154,862 3,896,856
Net decrease in cash and cash equivalents (1,254,702) (1,160,402)
Cash and cash equivalents - beginning of period 6,626,423 5,636,002
Cash and cash equivalents - end of period 5,371,721 4,475,600
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 1,238,611 551,723
Interest paid-mortgage notes payable 1,752,546 1,610,764
Non-cash investing and financing activities:    
Reinvestment of cash dividends 633,934 697,788
Accrual of dividends payable $ 1,098,911 $ 1,006,534