Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

10. Subsequent events

On July 28, 2015, Palmer-Mapletree LLC, a wholly-owned subsidiary of Company entered into a Loan Agreement (the “Loan Agreement”) in the principal amount of $1,750,000 (the “Loan”) at an interest rate of 6.031%, in order to refinance the Palmer-Mapletree’s Mapletree Industrial Center located in Palmer, Massachusetts. $934,794 was used to repay the existing mortgage loan and line of credit on the property. The Loan replaces Palmer-Mapletree’s prior loan agreement and mortgage on Mapletree Property (the “Prior Loan”) which was entered into on June 8, 2012. $123,757 of the loan proceeds was set aside for capital improvements and reserves. We received net proceeds of $585,125. The Loan matures on August 5, 2025 and requires monthly payments of $11,308.