Real Estate Investments (Tables)

3 Months Ended

Mar. 31, 2016

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

The Company’s real estate investments consisted of the following as of March 31, 2016 and December 31, 2015:

	March 31, 2016		December 31, 2015
Number of Properties		291		278
Gross Leasable Area		5,443,000		5,207,000
Land	$	236,700,064	$	225,273,640
Buildings		553,441,081		526,911,997
Property under Development		3,575,090		3,663,301
Gross Real Estate Investments	$	793,716,235	$	755,848,938
Less Accumulated Depreciation	$	(59,763,907)	$	(56,401,423)
Net Real Estate Investments	$	733,952,328	$	699,447,515

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

The following table details lease intangibles, net of accumulated amortization, as of March 31, 2016 and December 31, 2015:

	March 31, 2016		December 31, 2015
Intangible Lease Asset - In-Place Leases	$	49,268,003	$	47,051,639
Less: Accumulated Amortization		(8,149,993)		(7,239,191)
Intangible Lease Asset - Above-Market Leases		63,605,600		61,241,046
Less: Accumulated Amortization		(8,678,391)		(7,367,216)
Intangible Lease Liability - Below-Market Leases		(23,959,459)		(21,162,576)
Less: Accumulated Amortization		4,565,100		4,028,614
Lease Intangible Asset, net	$	76,650,860	$	76,552,316