Notes Payable Related to Acquisitions (Details) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 05, 2014 |
Jul. 31, 2016 |
Mar. 31, 2016 |
Sep. 25, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
Dec. 31, 2015 |
Sep. 15, 2014 |
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Debt Instrument [Line Items] | |||||||||||||
Amortization of Financing Costs | $ 62,604 | $ 29,796 | $ 152,845 | $ 59,593 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.22% | 5.22% | |||||||||||
Amortization of Debt Discount (Premium) | $ 152,845 | [1] | 59,593 | ||||||||||
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, 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 a monthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate. | ||||||||||||
Interest Expense, Debt | 423,525 | $ 423,525 | |||||||||||
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 | 70,136 | 0 | 139,509 | 0 | |||||||||
Asheville Note Payable [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt, Total | 1,636,055 | 1,636,055 | $ 1,662,101 | $ 1,700,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ||||||||||||
Interest Expense, Debt | 19,958 | $ 20,480 | 39,868 | 312,015 | |||||||||
Debt Instrument, Periodic Payment, Principal | 26,046 | 37,899 | |||||||||||
Omaha Note Payable [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt, Total | $ 15,060,000 | 14,587,828 | 14,587,828 | 14,748,464 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.91% | ||||||||||||
Debt Instrument, Maturity Date | Jun. 05, 2017 | ||||||||||||
Interest Expense, Debt | 183,717 | 366,467 | $ 308,573 | ||||||||||
Debt Instrument, Periodic Payment, Principal | 160,636 | $ 311,536 | |||||||||||
Debt Instrument, early termination fee amount | $ 301,200 | $ 301,200 | |||||||||||
Omaha Note Payable [Member] | Subsequent Event [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Repayments of Long-term Debt, Total | $ 14,922,428 | ||||||||||||
Debt Instrument, Periodic Payment, Principal | 14,600,000 | ||||||||||||
Payment Of Early termination Fee | $ 300,000 | ||||||||||||
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