XML 112 R47.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments (Net Operating Income by Segment) (Detail) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
Net Operating Income [Abstract]            
Rental income $ 7,794,585 $ 7,658,273 $ 15,809,218 $ 15,909,341 $ 31,591,870 $ 23,590,011
Property and related expenses (2,636,063) (2,585,013) (5,273,165) (5,058,364) (10,135,345) (8,515,151)
Net operating income, as defined 5,882,011 5,221,261 11,491,436 11,179,927 22,316,767 15,332,319
General and administrative expenses (1,439,820) (1,232,319) (2,629,837) (2,462,730) (5,424,479) (5,193,888)
Depreciation and amortization (2,443,817) (2,499,630) (4,947,333) (5,159,161) (10,256,185) (7,784,917)
Interest expense (3,311,421) (3,501,199) (6,627,617) (6,864,243) (13,531,337) (10,774,660)
Interest income 5,829 46,593 15,097 68,332 85,723 150,008
Income tax expense (13,746) (76,152) (108,356) (144,700) (213,860) (172,691)
Gain on sale of real estate 1,485,589 1,213,060 2,027,051 1,388,545 2,186,481 6,243,640
Impairment of real estate assets         (948,053) 0
Net income (loss) 164,625 (828,386) (779,559) (1,994,030) (5,571,083) (2,027,498)
Office/Industrial Properties [Member]            
Net Operating Income [Abstract]            
Rental income 6,535,722 6,200,968 12,779,101 13,194,587 25,564,763 18,497,621
Property and related expenses (2,295,720) (2,140,237) (4,514,238) (4,373,491) (8,747,722) (7,170,550)
Net operating income, as defined 4,240,002 4,060,731 8,264,864 8,821,096 16,817,041 11,327,071
Residential Properties [Member]            
Net Operating Income [Abstract]            
Rental income 930,062 567,281 1,806,607 955,681 2,278,832 1,521,148
Property and related expenses (35,038) (61,376) (73,995) (78,416) (113,187) (63,875)
Net operating income, as defined 895,024 505,905 1,732,612 877,265 2,165,645 1,457,273
Retail Properties [Member]            
Net Operating Income [Abstract]            
Rental income 1,052,289 1,038,025 2,178,893 2,088,023 4,608,517 3,960,076
Property and related expenses (305,304) (383,400) (684,933) (606,457) (1,274,436) (1,280,726)
Net operating income, as defined $ 746,985 $ 654,625 $ 1,493,960 $ 1,481,566 $ 3,334,081 2,679,350
Self Storage Properties [Member]            
Net Operating Income [Abstract]            
Rental income           1,052,266
Property and related expenses           (1,183,641)
Net operating income, as defined           $ (131,375)