Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Real estate assets and lease intangibles:
Land	$ 47,885,743	$ 40,422,812
Buildings and improvements	158,046,429	128,719,410
Tenant improvements	17,282,076	13,164,998
Lease intangibles	11,777,904	9,793,814
Real estate assets and lease intangibles, cost	234,992,152	192,101,034
Accumulated depreciation and amortization	(27,873,559)	(23,011,006)
Real estate assets and lease intangibles, net	207,118,593	169,090,028
Real estate assets held for sale, net		29,107,675
Cash and cash equivalents	11,146,053	5,636,002
Restricted cash	6,588,606	4,086,498
Deferred leasing and financing costs, net	5,130,025	5,438,857
Goodwill	2,423,000	2,423,000
Other assets, net	5,630,369	4,842,878
TOTAL ASSETS	238,036,646	220,624,938
Liabilities:
Mortgage notes payable	128,208,218	106,966,774
Mortgage notes payable related to assets held for sale		16,932,524
Accounts payable and accrued liabilities	8,277,930	6,631,804
Dividends payable	829,856	997,175
Below-market rent, net	1,592,847	960,328
Total liabilities	$ 168,908,851	$ 149,088,605
Commitments and contingencies
Equity:
Additional paid-in capital	$ 145,626,090	$ 143,715,876
Dividends in excess of accumulated losses	(88,822,828)	(83,150,866)
Total stockholders' equity before noncontrolling interest	56,974,063	60,733,884
Noncontrolling interest	12,153,732	10,802,449
Total equity	69,127,795	71,536,333
TOTAL LIABILITIES AND EQUITY	238,036,646	220,624,938
Redeemable Convertible Preferred Stock Series B [Member]
Liabilities:
Mandatorily redeemable Series B Preferred Stock, $0.01 par value, $1,000 liquidating preference; shares authorized: 40,000; 30,000 and 16,600 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	30,000,000	16,600,000
Common Class A [Member]
Equity:
Common stock series A, $0.01 par value, shares authorized: 100,000,000; 17,080,067 and 16,887,377 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	$ 170,801	$ 168,874