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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock
Additional Paid-In Capital
Non- Controlling Interest
Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2008   $ 786 $ 143,892,158 $ 5,346,741 $ (11,257,531)  
Beginning Balance (in shares) at Dec. 31, 2008   7,863,930        
Issuance of restricted stock under the Equity Incentive Plan (in shares)   74,350        
Issuance of restricted stock under the Equity Incentive Plan   8        
Conversion of OP Units (in shares)   257,794        
Conversion of OP Units   26 2,398,186 (2,398,186)    
Vesting of restricted stock     1,175,757      
Other comprehensive income (loss)       (3,947)   (70,806)
Dividends and distributions declared $1.6 per share in 2011, $2.04 per share in 2010 and $2.02 per share in 2009       (831,087) (16,419,257)  
Net income 17,043,990     950,046 17,043,990  
Ending Balance at Dec. 31, 2009   820 147,466,101 3,063,567 (10,632,798) (70,806)
Ending Balance (in shares) at Dec. 31, 2009   8,196,074        
Issuance of common stock, net of issuance costs (in shares)   1,495,000        
Issuance of common stock, net of issuance costs   150 31,072,596      
Issuance of restricted stock under the Equity Incentive Plan (in shares)   88,550        
Issuance of restricted stock under the Equity Incentive Plan   9        
Forfeiture of restricted stock (in shares)   (20,610)        
Forfeiture of restricted stock   (3)        
Vesting of restricted stock     1,166,656      
Other comprehensive income (loss)       (24,529)   (693,929)
Dividends and distributions declared $1.6 per share in 2011, $2.04 per share in 2010 and $2.02 per share in 2009       (709,143) (19,136,249)  
Net income 15,066,795     561,039 15,066,795  
Ending Balance at Dec. 31, 2010 167,130,276 976 179,705,353 2,890,934 (14,702,252) (764,735)
Ending Balance (in shares) at Dec. 31, 2010   9,759,014        
Issuance of restricted stock under the Equity Incentive Plan (in shares)   105,050        
Issuance of restricted stock under the Equity Incentive Plan   10        
Forfeiture of restricted stock (in shares)   (12,150)        
Forfeiture of restricted stock   (1)        
Vesting of restricted stock     1,364,280      
Other comprehensive income (loss)       5,584   158,167
Dividends and distributions declared $1.6 per share in 2011, $2.04 per share in 2010 and $2.02 per share in 2009       (556,188) (15,767,384)  
Net income 9,551,142     338,395 9,551,142  
Ending Balance at Dec. 31, 2011 $ 162,224,281 $ 985 $ 181,069,633 $ 2,678,725 $ (20,918,494) $ (606,568)
Ending Balance (in shares) at Dec. 31, 2011   9,851,914