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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2014
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 June 30, 2014.
 
Asset:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
276,364
 
$
-
 
$
276,364
 
 
Liability:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
1,112,068
 
$
-
 
$
1,112,068
 
Mortgage notes payable
 
$
-
 
$
-
 
$
100,098,000
 
$
102,929,022
 
Unsecured revolving credit facility
 
$
-
 
$
43,364,000
 
$
-
 
$
43,364,000
 
Unsecured term loan
 
$
-
 
$
-
 
$
33,808,000
 
$
35,000,000