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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related party fees
Fees incurred during 2015 and 2014 were as follows:

  
For the Years Ended December 31,
 
  
2015
  
2014
 
Management fees, net of approximately $1,200,000
  of fees waived by JMC in 2014
 
$
5,581,400
  
$
3,864,900
 
Acquisition fees
  
-
   
2,100,000
 
Remarketing fees
  
871,600
   
64,000