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Note and Mortgages Payable (Details 1) (USD $)
Sep. 30, 2014
Year Ending June 30,  
2015 $ 3,777,636
2016 12,608,602
2017 23,084,968 [1]
2018 44,033,211 [2]
2019 2,705,479
Thereafter 137,975,537
Total debt $ 224,185,433
[1] 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.
[2] Scheduled maturities in 2018 include the $16,500,000 outstanding balance under the New Credit Facility as of September 30, 2014. The New Credit Facility matures on July 21, 2018, and may be extended, at the Company’s election, for a one-year term to July 2019, subject to certain conditions.