Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

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 three months ended March 31, 2016 and 2015, respectively:

	March 31, 2016		March 31, 2015

Credit Facility Financing Costs	$	52,505	$	58,779
Leasing Costs		21,946		29,347
Lease Intangibles		1,685,490		953,061
Total	$	1,759,941	$	1,041,187

The following schedule represents estimated future amortization of deferred expenses as of March 31, 2016:

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

Credit Facility Financing Costs	$	157,515	$	210,018	$	122,751	$	-	$	-	$	-	$	490,284
Leasing Costs		65,839		87,125		84,789		82,662		62,452		299,179		682,046
Lease Intangibles		5,093,241		6,725,885		6,315,847		6,055,325		5,920,094		46,540,468		76,650,860
Total	$	5,316,595	$	7,023,028	$	6,523,387	$	6,137,987	$	5,982,546	$	46,839,647	$	77,823,190

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:

	Three Months Ended
	March 31, 2016		March 31, 2015

Weighted average number of common shares outstanding		20,666,806		17,595,227
Less: Unvested restricted stock		(228,077)		(225,395)
Weighted average number of common shares outstanding used in basic earnings per share		20,438,729		17,369,832

Weighted average number of common shares outstanding used in basic earnings per share		20,438,729		17,369,832
Effect of dilutive securities: restricted stock		41,411		46,527
Weighted average number of common shares outstanding used in diluted earnings per share		20,480,140		17,416,359