Notes Payable Related to Acquisitions and Revolving Credit Facility (Details) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 03, 2017 |
Sep. 30, 2017 |
Dec. 02, 2016 |
Mar. 31, 2016 |
Sep. 25, 2015 |
Sep. 30, 2017 |
Mar. 31, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
Dec. 31, 2016 |
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Debt Instrument [Line Items] | |||||||||||||
Amortization of Financing Costs | $ 32,806 | $ 62,604 | $ 98,418 | $ 215,449 | |||||||||
Long-term Line of Credit | $ 126,100,000 | $ 126,100,000 | 126,100,000 | $ 27,700,000 | |||||||||
Increase (Decrease) in Security Deposits | $ 1,486,553 | 597,593 | |||||||||||
Debt Related Commitment Fees and Debt Issuance Costs | $ 1,223,359 | ||||||||||||
Debt, Weighted Average Interest Rate | 3.84% | 3.84% | 3.84% | 4.29% | |||||||||
Debt Instrument, Term | 3 years 5 months 5 days | 6 years 14 days | |||||||||||
Revolving Credit Facility [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Amortization of Financing Costs | $ 307,831 | $ 741,796 | |||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 200,000,000 | $ 75,000,000 | 200,000,000 | 200,000,000 | |||||||||
Line Of Credit Facility Additional Capacity | $ 125,000,000 | ||||||||||||
Line of Credit Facility, Interest Rate Description | adjusted LIBOR plus 2.00% to 3.00% or (ii) a base rate plus 1.00% to 2.00%, in each case, depending upon the Companys consolidated leverage ratio | ||||||||||||
Line of Credit Facility, Commitment Fee Description | 0.20% if the average daily unused commitments are less than 50% of the commitments then in effect and (y) 0.30% if the average daily unused commitments are greater than or equal to 50% of the commitments then in effect and determined based on the average daily unused commitments during such previous quarter. | ||||||||||||
Proceeds from Lines of Credit | 50,000,000 | ||||||||||||
Line of Credit Facility, Additional Borrowing Capacity | $ 50,000,000 | ||||||||||||
Other Operating Activities, Cash Flow Statement | 205,400,000 | ||||||||||||
Long-term Line of Credit | 126,100,000 | 126,100,000 | 126,100,000 | $ 27,700,000 | |||||||||
Increase (Decrease) in Security Deposits | 1,335,730 | 2,945,588 | |||||||||||
Debt Related Commitment Fees and Debt Issuance Costs | [1] | 2,792,692 | |||||||||||
Repayments of Lines of Credit | $ 250,000,000 | 107,000,000 | |||||||||||
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 | $ 32,097,400 | 32,097,400 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.22% | 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) two 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, Maturity Date | Apr. 06, 2026 | ||||||||||||
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 | $ 428,180 | 428,179 | $ 1,270,578 | 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 | $ 7,377,500 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.72% | ||||||||||||
Debt Instrument, Description | The West Mifflin Note has an early termination fee of two percent if prepaid prior to September 25, 2018. The West Mifflin Note requires a quarterly fixed charge coverage ratio of at least 1:1, a quarterly minimum debt yield of 0.09:1.00, and annualized Operator EBITDAR (as defined in the note) measured on a quarterly basis of not less than $6,000,000. | ||||||||||||
Debt Instrument, Maturity Date | Sep. 25, 2020 | ||||||||||||
Interest Expense, Debt | $ 70,136 | $ 70,136 | $ 208,882 | $ 209,645 | |||||||||
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