Business Combinations and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations and Acquisitions [Abstract]

Schedule of Fair value of the Assets acquired and Liabilities assumed

	Property and Equipment		In Place Leases		Favorable Lease Terms		Unfavorable Lease Terms			Mortgages Assumed			Consideration Given
Dairy Queen, Dickinson, ND	$	986,845	$	225,616	$	117,539	$	—		$	—		$	1,330,000
Titan Machinery, Dickinson, ND		1,450,125		199,173		—		(258,998	)		(431,285	)		959,015
Titan Machinery, Minot, ND		2,271,946		358,054		—		—			—			2,630,000
Land, Dickinson, ND		400,000		—		—		—			—			400,000
Land, Bismarck, ND		2,420,000		—		—		—			—			2,420,000
Guardian Building, Fargo, ND		3,124,217		531,362		—		(205,579	)		—			3,450,000
Prairiewood Meadows, Fargo, ND		3,450,000		—		—		—			(2,439,444	)		1,010,556
Terrace on the Green, Moorhead, MN		3,450,000		—		—		—			(2,199,325	)		1,250,675
	$	17,553,133	$	1,314,205	$	117,539	$	(464,577	)	$	(5,070,054	)	$	13,450,246

	Property and Equipment		In Place Leases		Favorable Lease Terms		Unfavorable Lease Terms			Mortgages Assumed			Consideration Given
Applebee’s, Apple Valley, MN	$	1,795,299	$	322,866	$	404,635	$	—		$	—		$	2,522,800
Sierra Ridge Apartments, Bismarck, ND		6,458,761		—		—		—			(4,264,480	)		2,194,281
Country Side Apartments, Fargo, ND		936,320		—		—		—			(286,083	)		650,237
Country Club Apartments, Fargo, ND		1,527,680		—		—		—			(466,766	)		1,060,914
Bank of the West, Moorhead, MN		922,187		77,813		—		—			(263,925	)		736,075
Dairy Queen, Moorhead, MN		1,027,324		151,810		1,866		—			(311,075	)		869,925
Walgreen's, Denver, CO		4,706,332		449,949		53,719		—			(4,062,030	)		1,147,970
Taco Bell Land, Denver, CO		669,224		20,122		654		—			(537,970	)		152,030
Islander Apartments, Fargo, ND		1,044,000		—		—		—			(530,928	)		513,072
Southview III, Grand Forks, ND		639,511		—		—		—			(249,000	)		390,511
Premiere Marketing, Norfolk, NE		495,296		111,051		—		(6,347	)		—			600,000
	$	20,221,934	$	1,133,611	$	460,874	$	(6,347	)	$	(10,972,257	)	$	10,837,815