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Real Estate Assets MF Properties (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Property, Plant and Equipment [Line Items]      
Depreciation $ 5,171,703 $ 4,029,711 $ 3,135,155
Land and land improvements 11,081,992 11,202,876  
Buildings and improvements 111,195,695 93,615,479  
Carrying Value 122,277,687 104,818,355  
Maples on 97th [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units   258  
Land and land improvements   1,154,425  
Buildings and improvements   5,912,345  
Carrying Value   7,066,770  
The 50/50 Student Housing--UNL [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 475    
Real Estate [Member]
     
Property, Plant and Equipment [Line Items]      
Depreciation 3,804,499 2,485,365 1,451,875
Number of Units 1,582    
Carrying Value 99,498,848 62,575,160  
Accumulated Depreciation - MF Properties (9,386,811) (5,458,961)  
Property, Plant and Equipment, Net 90,112,037 57,116,199  
Real Estate [Member] | Arboretum [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 145 145  
Land and land improvements 1,739,554 1,733,259  
Buildings and improvements 19,123,872 18,985,031  
Carrying Value 20,863,426 20,718,290  
Real Estate [Member] | Eagle Village [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 511 511  
Land and land improvements 567,880 567,880  
Buildings and improvements 12,336,975 12,274,056  
Carrying Value 12,904,855 12,841,936  
Real Estate [Member] | Maples on 97th [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 258    
Land and land improvements 1,180,058    
Buildings and improvements 7,613,668    
Carrying Value 8,793,726    
Real Estate [Member] | Glynn Place [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 128 128  
Land and land improvements 743,996 743,996  
Buildings and improvements 4,937,172 4,750,267  
Carrying Value 5,681,168 5,494,263  
Real Estate [Member] | Meadowview [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 118 118  
Land and land improvements 688,539 688,539  
Buildings and improvements 5,416,293 5,214,306  
Carrying Value 6,104,832 5,902,845  
Real Estate [Member] | Residences at DeCordova [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 110 110  
Land and land improvements 1,137,832 1,137,832  
Buildings and improvements 7,965,574 7,932,742  
Carrying Value 9,103,406 9,070,574  
Real Estate [Member] | Residences at Weatherford [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 76 76  
Land and land improvements 1,927,701 1,926,901  
Buildings and improvements 5,695,600 5,683,519  
Carrying Value 7,623,301 7,610,420  
Real Estate [Member] | Woodland Park [Member]
     
Property, Plant and Equipment [Line Items]      
Number of Units 236    
Land and land improvements 1,260,032    
Buildings and improvements 14,033,777    
Carrying Value 15,293,809    
Real Estate [Member] | The 50/50 Student Housing--UNL [Member]
     
Property, Plant and Equipment [Line Items]      
Land and land improvements 0 [1] 0 [2]  
Buildings and improvements 13,130,325 [1] 936,832 [2]  
Carrying Value $ 13,130,325 [1] $ 936,832 [2]  
[1] (1) The construction work in process represents the costs related to The 50/50 Student Housing at UNL, a 475 student bed mixed-use project, to be built above a 1,605 parking stall garage to be constructed at the University of Nebraska-Lincoln.
[2] (1) The construction work in process represents pre-development architecture and engineering costs related to The 50/50 Student Housing at UNL, a 475 bed student housing project, to be built above a 1,605 parking stall garage to be constructed at the University of Nebraska-Lincoln.