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Real Estate Assets MF Properties (Details)
Jun. 30, 2016
USD ($)
Unit
Dec. 31, 2015
USD ($)
Unit
Property, Plant and Equipment [Line Items]    
Land and Land Improvements $ 14,946,348 $ 16,622,345
Buildings and improvements 105,768,345 124,906,654
Carrying Value 120,714,693 141,528,999
MF Property, Plant and Equipment 113,289,910 134,160,744
Accumulated Depreciation - MF Properties (13,682,124) (14,532,168)
Total MF Properties $ 99,607,786 $ 119,628,576
Arboretum [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit   145
Land and Land Improvements   $ 1,755,147
Buildings and improvements   19,317,284
Carrying Value   $ 21,072,431
Eagle Village [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 511 511
Land and Land Improvements $ 567,880 $ 567,880
Buildings and improvements 12,614,234 12,594,935
Carrying Value $ 13,182,114 $ 13,162,815
Northern View (f/k/a Meadowview) [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 270 270
Land and Land Improvements $ 688,539 $ 688,539
Buildings and improvements 8,081,350 8,062,973
Carrying Value $ 8,769,889 $ 8,751,512
Residences at DeCordova [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 110 110
Land and Land Improvements $ 1,160,455 $ 1,137,832
Buildings and improvements 8,089,537 8,065,977
Carrying Value $ 9,249,992 $ 9,203,809
Residences at Weatherford [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 76 76
Land and Land Improvements $ 1,942,229 $ 1,942,229
Buildings and improvements 5,746,070 5,738,697
Carrying Value $ 7,688,299 $ 7,680,926
Suites on Paseo [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 394 394
Land and Land Improvements $ 3,162,463 $ 3,162,463
Buildings and improvements 38,319,064 38,216,364
Carrying Value $ 41,481,527 $ 41,378,827
The 50/50 Student Housing--UNL [Member]    
Property, Plant and Equipment [Line Items]    
Number of Units | Unit 475 475
Buildings and improvements $ 32,918,089 $ 32,910,424
Carrying Value $ 32,918,089 $ 32,910,424