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Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net Loss $ (706,058) $ (943,794)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 508,186 445,553
Amortization of deferred financing costs 103,508 103,414
Other amortization 295,443 275,870
Changes in assets and liabilities:    
Increase in tenant receivables (7,542) (309,018)
Decrease in other assets 314,492 888,393
Decrease in accounts payable and accrued expenses (288,260) (10,033)
Increase in due to affiliates 15,963 2,066
Increase (decrease) in deferred income 31,381 (99,277)
Net cash provided by (used in) operating activities 267,113 353,174
Cash Flows from Investing Activities:    
Investment in real estate (300,937) 0
Due from other assets for investing activities 0 (21,689)
Net cash used in investing activities (300,937) (21,689)
Cash Flows from Financing Activities:    
Deferred financing costs paid 0 (144,460)
Proceeds from note payable 0 140,431
Net cash used in financing activities 0 (4,029)
Net Increase (Decrease) in Cash and Cash Equivalents (33,824) 327,456
Cash and Cash Equivalents, beginning of period 2,963,396 2,153,542
Cash and Cash Equivalents, end of period 2,929,572 2,480,998
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Investment in real estate funded with deposit accounts included in other assets 0 218,452
Payment of deferred leasing costs funded with deposit accounts included in other assets 0 36,654
Accrued capital expenditures 144,504 14,495
Accrued deferred financing costs $ 0 $ 7,265