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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Estimated Useful Lives used to Depreciate Real Property Assets

Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives as follows:

 

Description

   Standard Depreciable Life  

Land

     Not Depreciated   

Buildings

     30 to 35 years   

Site Improvements

     7 to 15 years   
Fixed Rate Notes Payable

Accordingly, the estimates presented below are not necessarily indicative of the amounts we would realize in a current market exchange.

 

     December 31, 2013      December 31, 2012  
     Fair Value      Carrying Value      Fair Value      Carrying Value  

Fixed Rate Secured Debt

   $ 311,362,132       $ 300,894,201       $ 298,636,303       $ 287,912,016