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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The table below sets forth the Company’s fair value hierarchy for assets and liabilities measured or disclosed at fair value as of September 30, 2013.
 
Asset:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
408,396
 
$
-
 
$
408,396
 
   
Liability:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
734,179
 
$
-
 
$
734,179
 
Mortgage notes payable
 
$
-
 
$
-
 
$
111,262,607
 
$
114,789,937
 
Unsecured revolving credit facility
 
$
-
 
$
40,000,000
 
$
-
 
$
40,000,000
 
Unsecured term loan
 
$
-
 
$
35,000,000
 
$
-
 
$
35,000,000