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Note and Mortgages Payable (Details 1) (USD $)
Sep. 30, 2013
Scheduled principal payments on mortgages and notes payable as of September 30, 2013:  
2014 $ 12,735,342
2015 (1) 43,632,216 [1]
2016 12,456,396
2017 (2) 22,924,073 [2]
2018 27,363,950
Thereafter 70,677,961
Total debt $ 189,789,938
[1] Scheduled maturities in 2015 include the $40,000,000 outstanding balance under the Credit Facility as of September 30, 2013. The Credit Facility matures on October 26, 2015, and may be extended at the Company’s election, for two one-year terms to October 2017, subject to certain conditions.
[2] Scheduled maturities in 2017 include $19,744,758 which represents the ending balance of a note payable due in 2017. The note matures May 14, 2017 and may be extended, at the Company’s election, for a two-year term to May 2019, subject to certain conditions.