Mortgages Payable (Tables)

3 Months Ended

Mar. 31, 2013

Mortgages Payable [Abstract]

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

e Company’s debt financing as of March 31, 2013 contractually matures over the next five years and thereafter as follows: 

2013	$	92,173,000
2014	10,198,900
2015	1,139,000
2016	1,192,000
2017	89,565,000
Thereafter	—
Total	$	194,267,900

The Company’s mortgages payable as of March 31, 2013 contractually mature over the next five years and thereafter as follows:

2013	$	13,285,331
2014	17,661,871
2015	6,118,840
2016	7,500,000
2017	1,991,979
Thereafter	—
Total	$	46,558,021