CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
INCOME:
Rental Revenue	$ 10,721,634	$ 9,964,173
Reimbursement Revenue	2,073,840	2,072,695
TOTAL INCOME	12,795,474	12,036,868
EXPENSES:
Real Estate Taxes	1,925,500	1,822,669
Operating Expenses	653,203	653,230
General & Administrative Expense	1,015,233	1,140,924
Acquisition Costs	304,342	403,283
Depreciation	2,785,655	2,531,185
Amortization	628,457	432,111
TOTAL EXPENSES	7,312,390	6,983,402
OTHER INCOME (EXPENSE):
Interest and Dividend Income	949,326	726,608
Gain on Securities Transactions, net	2,788,458	2,808,022
Interest Expense	(3,853,718)	(3,834,684)
TOTAL OTHER INCOME (EXPENSE)	(115,934)	(300,054)
INCOME FROM CONTINUING OPERATIONS	5,367,150	4,753,412
INCOME FROM DISCONTINUED OPERATIONS	19,628	61,177
NET INCOME	5,386,778	4,814,589
Less: Net Income Attributable to Noncontrolling Interests	20,755	28,407
NET INCOME ATTRIBUTABLE TO MREIC'S SHAREHOLDERS	5,366,023	4,786,182
Preferred dividend	1,019,805	1,019,805
NET INCOME ATTRIBUTABLE TO MREIC'S COMMON SHAREHOLDERS	$ 4,346,218	$ 3,766,377
BASIC INCOME - PER SHARE
Income from Continuing Operations (in dollars per share)	$ 0.14	$ 0.14
Income from Discontinued Operations (in dollars per share)	$ 0	$ 0
Net Income (in dollars per share)	$ 0.14	$ 0.14
Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)	$ 0	$ 0
Net Income Attributable to MREIC's Shareholders (in dollars per share)	$ 0.14	$ 0.14
Less: Preferred Dividend	$ (0.02)	$ (0.03)
Net Income Attributable to MREIC's Common Shareholders (in dollars per share)	$ 0.12	$ 0.11
DILUTED INCOME - PER SHARE
Income from Continuing Operations (in dollars per share)	$ 0.14	$ 0.14
Income from Discontinued Operations (in dollars per share)	$ 0	$ 0
Net Income (in dollars per share)	$ 0.14	$ 0.14
Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)	$ 0	$ 0
Net Income Attributable to MREIC's Shareholders (in dollars per share)	$ 0.14	$ 0.14
Less: Preferred Dividend	$ (0.02)	$ (0.03)
Net Income Attributable to MREIC's Common Shareholders (in dollars per share)	$ 0.12	$ 0.11
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	37,392,682	34,024,384
Diluted (in shares)	37,472,139	34,095,469