Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following schedule summarizes the Company’s amortization of deferred expenses for the years ended December 31, 2015, 2014 and 2013, respectively:

Year Ended December 31,	2015		2014		2013

Financing Costs	$	689,322	$	950,878	$	736,425
Leasing Costs		97,140		125,946		113,101
Lease Intangibles		4,859,103		2,490,585		1,633,691
Total	$	5,645,566	$	3,567,409	$	2,483,217

The following schedule represents estimated future amortization of deferred expenses as of December 31, 2015:

Year Ending December 31,	2016		2017		2018		2019		2020		Thereafter		Total

Financing Costs	$	679,955	$	645,554	$	469,055	$	316,573	$	290,056	$	784,374	$	3,185,567
Leasing Costs		87,784		87,123		84,789		82,662		64,552		257,655		664,565
Lease Intangibles		6,660,774		6,611,983		6,532,504		6,140,221		5,878,479		44,728,353		76,552,316
Total	$	7,428,514	$	7,344,660	$	7,086,348	$	6,539,456	$	6,233,087	$	45,770,383	$	80,402,447

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:

	Year Ended December 31,
	2015		2014		2013
Weighted average number of common shares outstanding		18,215,628		15,121,212		13,314,989
Less: Unvested restricted stock		(212,506)		(238,626)		(249,082)
Weighted average number of common shares outstanding used in basic earnings per share		18,003,122		14,882,586		13,065,907

Weighted average number of common shares outstanding used in basic earnings per share		18,003,122		14,882,586		13,065,907
Effect of dilutive securities: restricted stock		62,293		84,309		91,598
Weighted average number of common shares outstanding used in diluted earnings per share		18,065,415		14,966,895		13,157,505