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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related party fees
Fees incurred during the three months ended March 31, 2017 and 2016 were as follows:

  
For the Three Months Ended March 31,
 
  
2017
  
2016
 
Management fees
 
$
1,506,800
  
$
1,264,000
 
Acquisition fees
  
220,500
   
-
 
Remarketing fees
  
51,100
   
-