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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,355,925) $ (3,902,525)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 7,346,640 7,723,372
Stock compensation 410,760 388,602
Bad debt expense 37,205 (54,405)
Gain on sale of real estate assets, net (2,237,423) (2,121,453)
Impairment of real estate assets   700,000
Amortization of financing costs 956,956 1,081,520
Amortization of above-market leases 79,013 139,417
Amortization of below-market leases (240,882) (345,948)
Straight-line rent adjustment (452,427) (660,705)
Changes in operating assets and liabilities:    
Other assets 487,961 1,000,323
Accounts payable and accrued liabilities 267,164 (1,008,736)
Accrued real estate taxes 29,155 (473,886)
Net cash provided by operating activities 4,328,197 2,465,576
Cash flows from investing activities:    
Real estate acquisitions (16,810,985) (15,774,855)
Additions to buildings and tenant improvements (3,156,986) (3,713,626)
Additions to deferred leasing costs (407,653) (710,721)
Proceeds from sales of real estate 16,463,558 8,560,357
Restricted cash 416,678 2,992,873
Net cash used in investing activities (3,495,388) (8,645,972)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 13,342,994 18,979,585
Repayment of mortgage notes payable (9,656,060) (9,217,047)
Contributions from noncontrolling interests net of distributions paid 1,592,414 197,148
Repurchase of common stock (17,394) (55,023)
Dividends paid to stockholders (3,620,879) (3,347,690)
Net cash (used in) provided by financing activities (512,425) 4,256,973
Net increase (decrease) in cash and cash equivalents 320,384 (1,923,423)
Cash and cash equivalents - beginning of period 3,116,147 6,626,423
Cash and cash equivalents - end of period 3,436,531 4,703,000
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 3,355,983 5,080,417
Interest paid-mortgage notes payable 5,441,424 5,449,481
Non-cash investing and financing activities:    
Reinvestment of cash dividends 1,095,434 1,795,040
Accrual of dividends payable   1,155,498
Redeemable Convertible Preferred Stock Series B [Member]    
Cash flows from financing activities:    
Series B preferred stock costs (153,500)  
Redemption of mandatorily redeemable Series B preferred stock $ (2,000,000) $ (2,300,000)