XML 45 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans and Mortgages Payable (Details Narrative) - USD ($)
May 02, 2016
Jan. 07, 2016
Sep. 30, 2016
Dec. 31, 2015
Mortgage loan     $ 285,020,565 $ 283,049,802
Maturity Date Jun. 01, 2026      
Amortization of principal repayments term 30 years      
Interest rate on mortgage that was paid off 6.66%      
Weighted average interest rate     3.40% 3.80%
Loans Payable includes unamortized debt issuance costs     $ 76,902 $ 124,297
Outstanding on margin loan     $ 16,533,268  
Percentage of margin loan interest rate     2.00%  
Wells Fargo On Waterfalls Village [Member]        
Mortgage loan $ 4,760,000      
Interest rate on mortgage 4.38%      
Wells Fargo On Valley Hills [Member]        
Mortgage loan $ 3,498,000      
Interest rate on mortgage 4.32%      
Ocean First Bank [Member]        
Mortgage loan   $ 7,200,000    
Interest rate on mortgage   4.30%    
Maturity Date   Jan. 07, 2026    
Interest rate description   members plus 2.5%.