Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

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 December 31, 2013.

							Carrying
Asset:	Level 1		Level 2		Level 3		Value
Interest rate swaps	$	-	$	679,234	$	-	$	679,234

							Carrying
Liability:	Level 1		Level 2		Level 3		Value
Interest rate swap	$	-	$	204,696	$	-	$	204,696
Mortgage notes payable	$	-	$	-	$	108,385,281	$	113,897,758
Unsecured revolving credit facility	$	-	$	9,500,000	$	-	$	9,500,000
Unsecured term loan	$	-	$	-	$	32,728,011	$	35,000,000

The table below sets forth the Company’s fair value hierarchy for liabilities measured or disclosed at fair value as of December 31, 2012.

							Carrying
Liability:	Level 1		Level 2		Level 3		Value
Interest rate swaps	$	-	$	1,337,998	$	-	$	1,337,998
Mortgage notes payable	$	-	$	-	$	119,581,000	$	117,376,142
Unsecured revolving credit facility	$	-	$	43,530,005	$	-	$	43,530,005

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table represents estimated future aggregate amortization expense related to deferred expenses as of December 31, 2013.

Year Ending December 31,
2014	$	2,856,168
2015		2,551,978
2016		2,423,747
2017		2,330,506
2018		2,198,622
Thereafter		18,629,283
Total	$	30,990,304

Schedule of Dividends Payable [Table Text Block]

The Company declared dividends of $1.64, $1.60 and $1.60 per share during the years ended December 31, 2013, 2012, and 2011; the dividends have been reflected for federal income tax purposes as follows:

December 31,	2013		2012		2011
Ordinary income	$	1.372	$	1.200	$	1.570
Return of capital		.268		.400		.030

Total	$	1.640	$	1.600	$	1.600

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:

	Year Ended December 31,
	2013	2012	2011

Weighted average number of common shares outstanding	13,314,989	11,321,498	9,854,285
Unvested restricted stock	249,082	250,180	216,920

Weighted average number of common shares outstanding used in basic earnings per share	13,065,907	11,071,318	9,637,365

Weighted average number of common shares outstanding used in basic earnings per share	13,065,907	11,071,318	9,637,365
Effect of dilutive securities:
Restricted stock	91,598	65,592	43,867

Weighted average number of common shares outstanding used in diluted earnings per share	13,157,505	11,136,910	9,681,232