Notes Payable Related to Acquisitions (Details) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 05, 2014 |
Sep. 25, 2015 |
Sep. 15, 2014 |
Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2015 |
|
Debt Instrument [Line Items] | ||||||
Amortization of Financing Costs | $ 90,241 | $ 29,797 | ||||
Cantor Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Repayments of Long-term Debt, Total | 9,223,500 | |||||
Long-term Debt, Total | $ 32,097,400 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 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, Maturity Date | Apr. 06, 2026 | |||||
Debt Instrument, Covenant Description | maintain amonthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate | |||||
West Mifflin Note Payable [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt, Total | $ 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 | 69,373 | 0 | ||||
Asheville Note Payable [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt, Total | $ 1,700,000 | 1,649,055 | 1,662,101 | |||
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | |||||
Debt Instrument, Maturity Date | Feb. 15, 2017 | |||||
Interest Expense, Debt | 19,910 | 20,188 | ||||
Debt Instrument, Periodic Payment, Principal | 13,046 | 37,899 | ||||
Omaha Note Payable [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt, Total | $ 15,060,000 | 14,667,659 | 14,748,464 | |||
Debt Instrument, Interest Rate, Stated Percentage | 4.91% | |||||
Debt Instrument, Maturity Date | Jun. 05, 2017 | |||||
Interest Expense, Debt | 182,750 | $ 186,628 | ||||
Debt Instrument, Periodic Payment, Principal | 80,805 | $ 311,536 | ||||
Debt Instrument, early termination fee amount | $ 301,200 |