Interest Rate Derivatives (Tables)

12 Months Ended

Dec. 31, 2015

Interest Rate Derivative Agreements [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The terms of the derivative agreements are as follows:

Purchase Date	Initial Notional Amount		Effective Capped Rate			Maturity Date	Purchase Price		Fair Value (1)		Variable Debt Financing Facility Hedged	Maximum Potential Cost of Borrowing			Counterparty
September-10	$	31,936,667		3.00	%	September-17	$	921,000	$	86	M24 TEBS		5.0	%	Bank of New York Mellon
September-10	$	31,936,667		3.00	%	September-17	$	845,600	$	86	M24 TEBS		5.0	%	Barclays Bank PLC
September-10	$	31,936,667		3.00	%	September-17	$	928,000	$	86	M24 TEBS		5.0	%	Royal Bank of Canada
August-13	$	93,305,000		1.50	%	September-17	$	793,000	$	8,546	M24 TEBS		3.5	%	Deutsche Bank
February-14	$	41,250,000		1.00	%	March-17	$	230,500	$	1,500	PHC TOB Trusts		3.3	%	SMBC Capital Markets, Inc
February-14	$	11,000,000		1.00	%	March-17	$	150,500	$	400	MBS TOB Trusts		2.1	%	SMBC Capital Markets, Inc
July-14	$	31,565,000		3.00	%	August-19	$	315,200	$	29,307	M31 TEBS		4.4	%	Barclays Bank PLC
July-14	$	31,565,000		3.00	%	August-19	$	343,000	$	29,336	M31 TEBS		4.4	%	Royal Bank of Canada
July-14	$	31,565,000		3.00	%	August-19	$	333,200	$	29,336	M31 TEBS		4.4	%	SMBC Capital Markets, Inc
July-15	$	28,095,000		3.00	%	August-20	$	210,000	$	81,831	M33 TEBS		4.3	%	Wells Fargo Bank
July-15	$	28,095,000		3.00	%	August-20	$	187,688	$	81,831	M33 TEBS		4.3	%	Royal Bank of Canada
July-15	$	28,095,000		3.00	%	August-20	$	174,900	$	81,831	M33 TEBS		4.3	%	SMBC Capital Markets, Inc
(1) For additional details, see Note 17 to the Company's consolidated financial statements.