XML 70 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III (Real Estate and Accumulated Depreciation and Amortization Changes in Period) (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Real estate    
Balance at the beginning of the year $ 276,833,694 $ 261,047,651
Acquisitions 17,560,745 23,667,535
Improvements 3,616,140 4,150,213
Impairment of real estate assets 0 (948,053)
Dispositions of real estate (23,464,380) (11,083,652)
Balance at the end of the year 274,546,199 276,833,694
Accumulated depreciation and amortization    
Balance at the beginning of the year (36,311,485) (29,961,472)
Depreciation and amortization expense (9,186,190) (9,750,765)
Dispositions of real estate 5,485,420 3,400,752
Balance at the end of the year $ (40,012,255) [1] $ (36,311,485)
[1] Depreciation is computed on a straight-line basis using useful lives up to 39 years.