XML 25 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Mortgages Payable - Additional Information (Detail) (USD $)
9 Months Ended 12 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended
Sep. 30, 2012
Dec. 31, 2004
Dec. 31, 2000
Dec. 31, 1999
Dec. 31, 2011
Nov. 29, 2004
Sep. 30, 2012
First mortgage [Member]
Nov. 29, 2004
First mortgage [Member]
Nov. 05, 2009
Second mortgage [Member]
Sep. 30, 2012
Second mortgage [Member]
Nov. 29, 2004
Second mortgage [Member]
Sep. 30, 2012
Secured debt [Member]
Nov. 05, 2009
Secured debt [Member]
Sep. 30, 2012
Senior debt obligations [Member]
Debt Instrument [Line Items]                            
Mortgage loan face value           $ 84,000,000                
Mortgage value, initial amount drawn           49,000,000                
Mortgage loan, pay off amount               12,020,814     27,979,186      
Mortgage loans, remaining amount available 35,000,000                          
Mortgage value, amount drawn at closing 49,000,000                          
Mortgage loan, interest rate 5.34%           7.00%              
Mortgage loan, monthly payment amount 507,838                          
Mortgage loan, amortization schedule 25 years                          
Mortgage loan, balance amount                   15,259,608       74,454,382
Principal amount of senior mortgage loan at maturity                   14,585,904       69,600,350
Senior mortgage loan, maturity date                           Nov. 05, 2014
Mortgage loan, additional                 16,000,000          
Mortgage loan, monthly payment for additional loan 113,085                          
Mortgage loan, amortization schedule on additional loan 25 years                          
Repayment term of mortgage loan without prepayment penalty 60 days                          
Fair value of mortgage debt                       94,977,161    
Mortgage financing cost 2,873,632                          
Estimated cost of building improvement program       22,800,000                    
Increase in estimated cost of building improvement program     28,000,000                      
Further increase in estimated cost of building improvement   100,000,000                        
Cost incurred by registrant related to building improvement program 78,776,559                          
Estimated cost of initial building improvement program on completion 100,000,000                          
Total financing cost on mortgage                         100,000,000  
Payable to Lessee, a related party $ 3,597,647       $ 720,066