Quarterly report pursuant to Section 13 or 15(d)

Borrowings - Aggregate Maturities (Details)

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Borrowings - Aggregate Maturities (Details) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Total mortgage notes and bonds payable, net $ 190,379,624 $ 141,678,935
Long-Term Mortgage Notes and Bonds Payable [Member]    
Debt Instrument [Line Items]    
For the remaining three months ending December 31: 2016 717,096  
For the fiscal years ending December 31: 2017 5,981,018  
2018 20,480,231  
2019 8,105,632  
2020 17,796,920  
Thereafter 115,899,230  
Total mortgage notes and bonds payable, net $ 168,980,127