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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related party fees
Fees incurred during the nine months and three months ended September 30, 2016 and 2015 were as follows:

  
For the Nine Months Ended September 30,
  
For the Three Months
Ended September 30,
 
  
2016
  
2015
  
2016
  
2015
 
Management fees
 
$
3,685,600
  
$
4,260,800
  
$
1,249,100
  
$
1,411,100
 
Acquisition fees
  
1,124,200
   
-
   
1,124,200
   
-
 
Remarketing fees
  
284,500
   
517,600
   
225,700
   
93,400