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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ (1,994,030) $ 2,327,672
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization from continuing operations 5,159,161 3,676,332
Depreciation and amortization from discontinued operations   165,646
Stock compensation 259,068 237,547
Bad debt expense (52,948)  
Gain on sale of real estate assets, net (1,388,545) (5,925,152)
Amortization of financing costs 735,307 621,036
Amortization of above-market leases 93,136 113,579
Amortization of below-market leases (234,140) (52,097)
Changes in operating assets and liabilities:    
Other assets 312,919 (1,567,699)
Accounts payable and accrued liabilities (356,409) (1,107,025)
Accrued real estate taxes (805,744) 498,057
Net cash provided by (used in) operating activities 1,727,775 (1,012,104)
Cash flows from investing activities:    
Real estate acquisitions (7,768,755) (5,720,540)
Buildings and tenant improvements (2,331,329) (1,528,685)
Additions to deferred leasing costs (533,760) (167,194)
Proceeds received from sale of real estate assets 5,287,277 36,544,507
Restricted cash 2,126,847 (4,869,828)
Net cash (used in) provided by investing activities (3,219,720) 24,258,260
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 9,199,547 9,376,835
Repayment of mortgage notes payable (5,514,476) (24,706,507)
Proceeds from issuance of common stock   49,999
Contributions received from noncontrolling interests in excess of distributions paid 211,173 362,067
Repurchase of common stock (55,023) (147,774)
Series B accrued interest (1,311,778) (333,814)
Dividends paid to stockholders (2,145,717) (2,011,159)
Net cash provided by (used in) financing activities 383,726 (17,410,353)
Net (decrease) increase in cash and cash equivalents (1,108,219) 5,835,803
Cash and cash equivalents - beginning of period 6,626,423 5,636,002
Cash and cash equivalents - end of period 5,518,204 11,471,805
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 3,990,611 971,334
Interest paid-mortgage notes payable 3,705,826 2,823,935
Non-cash investing and financing activities:    
Reinvestment of cash dividends 1,258,904 1,354,801
Accrual of dividends payable $ 1,144,320 $ 1,045,654