Note and Mortgages Payable (Details 1) (USD $)	Jun. 30, 2014
Year Ending June 30,
2015	$ 3,573,277
2016	55,757,468	[1]
2017	23,354,309	[2]
2018	2,324,754
2019	27,485,507
Thereafter	68,797,707
Total debt	$ 181,293,022

[1] Scheduled maturities in 2016 include the $43,364,000 outstanding balance under the Credit Facility as of June 30, 2014. 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. See Note 13.

[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.