XML 49 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments (Net Operating Income by Segment) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net Operating Income [Abstract]        
Rental income $ 7,794,585 $ 7,658,273 $ 15,809,218 $ 15,909,341
Property and related expenses (2,636,063) (2,585,013) (5,273,165) (5,058,364)
Net operating income, as defined 5,882,011 5,221,261 11,491,436 11,179,927
General and administrative expenses (1,439,820) (1,232,319) (2,629,837) (2,462,730)
Depreciation and amortization (2,443,817) (2,499,630) (4,947,333) (5,159,161)
Interest expense (3,311,421) (3,501,199) (6,627,617) (6,864,243)
Interest income 5,829 46,593 15,097 68,332
Income tax expense (13,746) (76,152) (108,356) (144,700)
Gain on sale of real estate 1,485,589 1,213,060 2,027,051 1,388,545
Net income (loss) 164,625 (828,386) (779,559) (1,994,030)
Office/Industrial Properties [Member]        
Net Operating Income [Abstract]        
Rental income 6,535,722 6,200,968 12,779,101 13,194,587
Property and related expenses (2,295,720) (2,140,237) (4,514,238) (4,373,491)
Net operating income, as defined 4,240,002 4,060,731 8,264,864 8,821,096
Residential Properties [Member]        
Net Operating Income [Abstract]        
Rental income 930,062 567,281 1,806,607 955,681
Property and related expenses (35,038) (61,376) (73,995) (78,416)
Net operating income, as defined 895,024 505,905 1,732,612 877,265
Retail/Mixed Use Properties [Member]        
Net Operating Income [Abstract]        
Rental income 1,052,289 1,038,025 2,178,893 2,088,023
Property and related expenses (305,304) (383,400) (684,933) (606,457)
Net operating income, as defined $ 746,985 $ 654,625 $ 1,493,960 $ 1,481,566