Real Estate Investments (Tables)

6 Months Ended

Jun. 30, 2015

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Real estate investments consisted of the following as of June 30, 2015 and December 31, 2014:

	June 30, 2015		December 31, 2014
Number of Properties		250		209
Gross Leasable Area		4,950,000		4,315,000
Land	$	209,267,989	$	195,091,303
Buildings		478,806,718		393,826,467
Property under Development		467,302		229,242
Gross Real Estate Investments	$	688,542,009	$	589,147,012
Less Accumulated Depreciation	$	(60,455,765)	$	(59,089,851)
Net Real Estate Investments	$	628,086,244	$	530,057,161

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

The following table details lease intangibles, net of accumulated amortization, as of June 30, 2015 and December 31, 2014:

	June 30, 2015		December 31, 2014
Intangible Lease Asset - In-Place Leases	$	42,748,526	$	36,680,630
Less: Accumulated Amortization		(5,393,077)		(3,897,008)
Intangible Lease Asset - Above-Market Leases		46,973,605		31,642,267
Less: Accumulated Amortization		(5,483,854)		(4,111,435)
Intangible Lease Liability - Below-Market Leases		(20,384,955)		(15,124,210)
Less: Accumulated Amortization		3,055,567		2,289,358
Lease Intangible Asset, net	$	61,515,812	$	47,479,602