Real Estate Assets MF Properties (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Land and improvements	$ 11,083,192	$ 11,081,992
Buildings and improvements	131,479,005	111,195,695
Carrying Value at September 30, 2012	142,562,197	122,277,687
MF Property, Plant and Equipment	119,594,003	99,498,848
Accumulated Depreciation - MF Properties	(12,646,878)	(9,386,811)
Property, Plant and Equipment, Net	106,947,125	90,112,037
Arboretum [Member]
Property, Plant and Equipment [Line Items]
Number of Units	145	145
Land and improvements	1,740,754	1,739,554
Buildings and improvements	19,189,588	19,123,872
Carrying Value at September 30, 2012	20,930,342	20,863,426
Eagle Village [Member]
Property, Plant and Equipment [Line Items]
Number of Units	511	511
Land and improvements	567,880	567,880
Buildings and improvements	12,447,195	12,336,975
Carrying Value at September 30, 2012	13,015,075	12,904,855
Glynn Place [Member]
Property, Plant and Equipment [Line Items]
Number of Units	128	128
Land and improvements	743,996	743,996
Buildings and improvements	4,975,955	4,937,172
Carrying Value at September 30, 2012	5,719,951	5,681,168
Maples on 97th [Member]
Property, Plant and Equipment [Line Items]
Number of Units	258	258
Land and improvements	1,180,058	1,180,058
Buildings and improvements	7,797,855	7,613,668
Carrying Value at September 30, 2012	8,977,913	8,793,726
Meadowview [Member]
Property, Plant and Equipment [Line Items]
Number of Units	118	118
Land and improvements	688,539	688,539
Buildings and improvements	5,444,076	5,416,293
Carrying Value at September 30, 2012	6,132,615	6,104,832
Residences at DeCordova [Member]
Property, Plant and Equipment [Line Items]
Number of Units	110	110
Land and improvements	1,137,832	1,137,832
Buildings and improvements	7,988,270	7,965,574
Carrying Value at September 30, 2012	9,126,102	9,103,406
Residences at Weatherford [Member]
Property, Plant and Equipment [Line Items]
Number of Units	76	76
Land and improvements	1,927,701	1,927,701
Buildings and improvements	5,714,133	5,695,600
Carrying Value at September 30, 2012	7,641,834	7,623,301
The 50/50 Student Housing--UNL [Member]
Property, Plant and Equipment [Line Items]
Number of Units	475
Land and improvements	0
Buildings and improvements	32,689,619
Carrying Value at September 30, 2012	32,689,619
Woodland Park [Member]
Property, Plant and Equipment [Line Items]
Number of Units	236	236
Land and improvements	1,260,032	1,260,032
Buildings and improvements	14,100,520	14,033,777
Carrying Value at September 30, 2012	15,360,552	15,293,809
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Land and improvements		0
Buildings and improvements		13,130,325
Carrying Value at September 30, 2012		$ 13,130,325