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Loans and Mortgages Payable (Details Narrative) - USD ($)
1 Months Ended 6 Months Ended
May 31, 2017
Mar. 28, 2017
Jan. 20, 2017
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Lines of credit, interest rate         2.99%    
Lines of credit       $ 35,000,000 $ 35,000,000    
Loans Payable includes unamortized debt issuance costs       $ 109,417 $ 109,417   $ 108,054
Weighted average interest rate       3.90% 3.90%   3.10%
Outstanding on margin loan       $ 6,201,834 $ 6,201,834    
Percentage of margin loan interest rate       2.00% 2.00%    
Mortgage loan       $ 311,303,776 $ 311,303,776   $ 293,025,592
Principal payments of mortgages         (12,659,812) $ (11,946,213)  
Unsecured Revolving Credit Facility [Member]              
Line of credit increase decrease   $ 35,000,000          
Line of credit facility, available borrowings   50,000,000          
Line of credit accordion feature   75,000,000          
Line of credit facility, maximum borrowing capacity   $ 125,000,000          
Borrowing capacity, description   The Facility provides for an increase from $35 million in available borrowings to $50 million in available borrowings with a $75 million accordion feature, bringing the total potential availability up to $125 million, subject to certain conditions. The maturity date of the Facility is March 27, 2020, with a one year extension option.          
Maturity date of facility   Mar. 27, 2020          
Line of credit facility interest rate, description   Borrowings will bear interest at the Company’s option of LIBOR plus 1.75% to 2.50% or BMO’s prime lending rate plus 0.75% to 1.50%, based on the Company’s overall leverage. Based on the Company’s current leverage ratio, borrowings under the Facility will bear interest at LIBOR plus 2% or at BMO’s prime lending rate plus 1%.          
Unsecured Revolving Credit Facility [Member] | LIBOR [Member]              
Lines of credit, interest rate   2.00%          
Unsecured Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]              
Lines of credit, interest rate   1.75%          
Unsecured Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]              
Lines of credit, interest rate   2.50%          
Unsecured Revolving Credit Facility [Member] | Prime Rate [Member]              
Lines of credit, interest rate   1.00%          
Unsecured Revolving Credit Facility [Member] | Prime Rate [Member] | Minimum [Member]              
Lines of credit, interest rate   0.75%          
Unsecured Revolving Credit Facility [Member] | Prime Rate [Member] | Maximum [Member]              
Lines of credit, interest rate   1.50%          
Revolving Credit Facility [Member] | OceanFirst Bank [Member]              
Line of credit facility, maximum borrowing capacity       $ 10,000,000 $ 10,000,000    
Borrowing capacity, description       Interest was reduced from prime plus 50 basis points to prime plus 25 basis points.      
Maturity date of facility       Jun. 01, 2020      
Lines of credit, interest rate         4.50%    
Lines of credit       $ 4,000,000 $ 4,000,000    
Wells Fargo Bank, N.A [Member] | Federal Home Loan Mortgage Corporation [Member]              
Mortgage loan     $ 14,250,000        
Interest rate on mortgage     4.56%        
Maturity date     Feb. 01, 2027        
Amortization of principal repayments term     30 years        
Wells Fargo Bank, N.A [Member] | Freddie Mac Mortgage [Member]              
Mortgage loan $ 16,800,000            
Interest rate on mortgage 4.12%     6.175% 6.175%    
Maturity date Jun. 01, 2027            
Amortization of principal repayments term 30 years            
Principal payments of mortgages         $ 9,000,000