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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (5,571,083) $ (2,027,498)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization from continuing operations 10,256,185 7,784,917
Depreciation and amortization from discontinued operations   165,646
Stock compensation 520,578 464,827
Bad debt expense (196) 236,329
Gain on sale of real estate assets (2,186,481) (6,243,640)
Impairment of real estate assets 948,053 0
Amortization of financing costs 1,447,021 1,286,437
Amortization of above-market leases 170,566 212,941
Amortization of below-market leases (456,393) (169,363)
Changes in operating assets and liabilities:    
Other assets 69,305 (1,170,342)
Accounts payable and accrued liabilities (1,392,693) 2,273,512
Accrued real estate taxes (82,780) 955,216
Net cash provided by operating activities 3,722,082 3,768,982
Cash flows from investing activities:    
Real estate acquisitions (23,667,535) (67,852,592)
Buildings and tenant improvements (4,150,213) (2,854,939)
Additions to deferred leasing costs (931,199) (639,004)
Proceeds received from sale of real estate assets 9,768,417 37,755,598
Restricted cash 2,488,138 (2,673,288)
Net cash used in investing activities (16,492,392) (36,264,225)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 26,081,321 50,864,054
Repayment of mortgage notes payable (10,266,235) (30,834,664)
Redemption of mandatorily redeemable preferred stock (2,300,000)  
Proceeds from issuance of mandatorily redeemable preferred stock, net of offering costs   18,200,000
Proceeds from issuance of common stock   49,999
Contributions received from noncontrolling interests in excess of distributions paid 317,266 (493,534)
Repurchase of common stock (55,031) (176,461)
Dividends paid to stockholders (4,517,287) (4,123,730)
Net cash provided by financing activities 9,260,034 33,485,664
Net (decrease) increase in cash and cash equivalents (3,510,276) 990,421
Cash and cash equivalents - beginning of year 6,626,423 5,636,002
Cash and cash equivalents - end of year 3,116,147 6,626,423
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 6,250,360 3,439,189
Interest paid-mortgage notes payable 7,244,413 5,965,824
Non-cash investing and financing activities:    
Reinvestment of cash dividends 2,364,387 2,661,979
Accrual of dividends payable $ 1,171,924 $ 1,063,454