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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 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 September 30, 2014.
 
Asset:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
581,619
 
$
-
 
$
581,619
 
 
Liability:
 
Level 1
 
Level 2
 
Level 3
 
Carrying
Value
 
Interest rate swaps
 
$
-
 
$
690,188
 
$
-
 
$
690,188
 
Mortgage notes payable
 
$
-
 
$
-
 
$
107,207,000
 
$
107,685,433
 
Unsecured revolving credit facility
 
$
-
 
$
16,500,000
 
$
-
 
$
16,500,000
 
Unsecured term loans
 
$
-
 
$
-
 
$
95,894,000
 
$
100,000,000