Notes Payable Related to Acquisitions (Details) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 05, 2014 |
Mar. 31, 2016 |
Sep. 25, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
Sep. 15, 2014 |
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Debt Instrument [Line Items] | |||||||||||
Amortization of Financing Costs | $ 62,604 | $ 30,257 | $ 215,449 | $ 89,850 | |||||||
Debt Instrument, early termination fee amount | 301,200 | 301,200 | |||||||||
Amortization of Debt Discount (Premium) | [1] | (162,169) | |||||||||
Cantor Loan [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Repayments of Long-term Debt, Total | $ 9,223,500 | ||||||||||
Long-term Debt, Total | $ 32,097,400 | $ 32,097,400 | $ 32,097,400 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.22% | 5.22% | |||||||||
Debt Instrument, Description | Prepayment can only occur within four months prior to the maturity date, except that after the earlier of (a) 2 years after the loan is placed in a securitized mortgage pool, or (ii) May 6, 2020, the Cantor Loan can be fully and partially defeased upon payment of amounts due under the Cantor Loan and payment of a defeasance amount that is sufficient to purchase U.S. government securities equal to the scheduled payments of principal, interest, fees, and any other amounts due related to a full or partial defeasance under the Cantor Loan | ||||||||||
Debt Instrument, Covenant Description | maintain a monthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate. | ||||||||||
Interest Expense, Debt | $ 428,179 | $ 851,704 | |||||||||
West Mifflin Note Payable [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term Debt, Total | $ 7,377,500 | 7,377,500 | 7,377,500 | $ 7,377,500 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.72% | ||||||||||
Debt Instrument, Maturity Date | Sep. 25, 2020 | ||||||||||
Interest Expense, Debt | 70,136 | 209,645 | |||||||||
Asheville Note Payable [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term Debt, Total | 1,622,897 | 1,622,897 | 1,662,101 | $ 1,700,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ||||||||||
Interest Expense, Debt | 19,799 | 20,433 | 59,667 | 61,101 | |||||||
Debt Instrument, Periodic Payment, Principal | 39,204 | 37,899 | |||||||||
Omaha Note Payable [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term Debt, Total | $ 15,060,000 | 0 | 0 | 14,748,464 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.91% | ||||||||||
Debt Instrument, Maturity Date | Jun. 05, 2017 | ||||||||||
Interest Expense, Debt | $ 121,247 | $ 186,702 | 487,714 | $ 495,275 | |||||||
Debt Instrument, Periodic Payment, Principal | $ 14,748,464 | $ 311,536 | |||||||||
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