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Securities Available for Sale (Details Textual) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Securities Available for Sale (Textual)        
Common stock shares purchased of Monmouth Real Estate Investment Corporation     62,956  
Common stock value purchased from Monmouth Real Estate Investment Corporation     $ 567,211  
Company owns total number of shares in MREIC     1,938,102  
Cost of securities sold     5,872,983  
Gain on sale of available for securities 707,054 370,982 1,215,457 3,681,010
Purchase of Securities Available for Sale     5,018,926 7,681,655
Total net unrealized gains in REIT securities portfolio     5,538,642  
Weighted average cost per shares     $ 9.01  
Cost of common stock owned by the Company for MREIC shares     16,058,687  
Fair Value of common stock owned by the Company for MREIC shares     $ 19,458,547