CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES:
Net loss	$ (826,320)	$ (903,957)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of shared-based compensation	10,390	78,932
Changes in operating assets and liabilities
Increase in other assets	(135,187)	(74,398)
(Decrease) increase in due to affiliates	(9,013)	28,984
Decrease in accounts payable and accrued expenses	(16,380)	(8,651)
Net cash used in operating activities	(976,510)	(879,090)
INVESTING ACTIVITIES:
Net cash provided by investing activities
FINANCING ACTIVITIES:
Net cash provided by financing activities
Net Decrease in Cash and Cash Equivalents	(976,510)	(879,090)
Cash and Cash Equivalents, Beginning of Period	16,638,702	19,874,915
Cash and Cash Equivalents, End of Period	15,662,192	18,995,825
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for state taxes	4,550	5,356
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING ACTIVITIES AND FINANCING ACTIVITIES:
Redemption of operating partnership units for common shares		$ 35,654