Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2012

Mortgages Payable [Abstract]

Schedule of Maturities of Long-term Debt [Table Text Block]

The Company’s Debt financing as of June 30, 2012, contractually matures over the next five years and thereafter as follows: 

2012	$	10,340,000
2013	1,009,000
2014	1,083,000
2015	1,139,000
2016	1,192,000
Thereafter	89,565,000
Total	$	104,328,000

The Company’s mortgages payable as of June 30, 2012, contractually mature over the next five years and thereafter as follows:

2012	$	27,816
2013	30,677,836
2014	4,628,000
2015	6,500,010
2016	—
Thereafter	1,398,328
Total	$	43,231,990