Real Estate Investments (Tables)

3 Months Ended

Mar. 31, 2015

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Real estate investments consisted of the following as of March 31, 2015 and December 31, 2014:

	March 31, 2015		December 31, 2014
Number of Properties		233		209
Gross Leasable Area		4,658,000		4,315,000
Land	$	203,982,919	$	195,091,303
Buildings		434,288,988		393,826,467
Property under Development		294,357		229,242
Gross Real Estate Investments	$	638,566,264	$	589,147,012
Less Accumulated Depreciation	$	(61,641,135)	$	(59,089,851)
Net Real Estate Investments	$	576,925,129	$	530,057,161

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The following table details lease intangibles, net of accumulated amortization, as of March 31, 2015 and December 31, 2014:

	March 31, 2015		December 31, 2014
Intangible Lease Asset - In-Place Leases	$	39,244,866	$	36,680,630
Less: Accumulated Amortization		(4,611,284)		(3,897,008)
Intangible Lease Asset - Above-Market Leases		40,168,302		31,642,267
Less: Accumulated Amortization		(4,704,243)		(4,111,435)
Intangible Lease Liability - Below-Market Leases		(16,221,141)		(15,124,210)
Less: Accumulated Amortization		2,643,776		2,289,358
Lease Intangible Asset, net	$	56,520,276	$	47,479,602