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Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income from rental operations        
Real estate rental income $ 12,470,032 $ 11,288,230 $ 37,407,256 $ 33,095,410
Tenant reimbursements 914,197 1,069,034 2,787,402 3,215,933
Total income from rental operations 13,384,229 12,357,264 40,194,658 36,311,343
Expenses from rental operations        
Interest 2,856,550 2,987,208 8,769,953 8,883,543
Depreciation and amortization 2,802,545 2,532,477 8,294,408 7,368,615
Real estate taxes 1,559,294 1,468,726 4,651,859 4,302,909
Property management fees 1,079,409 982,637 3,233,070 2,862,544
Utilities 806,163 719,369 2,709,021 2,513,399
Repairs and maintenance 1,422,266 1,355,165 3,825,979 3,713,278
Insurance 215,177 211,544 647,218 556,611
Total expenses from rental operations 10,741,404 10,257,126 32,131,508 30,200,899
Administration of REIT        
Administration expenses 63,737 25,094 216,235 75,260
Advisory fees 328,599 192,282 975,009 565,561
Acquisition and disposition expenses 435,459 84,541 595,272 539,798
Trustee fees 10,000 10,200 41,400 32,200
Legal and accounting 79,922 130,439 360,097 515,812
Total Administration of REIT 917,717 442,556 2,188,013 1,728,631
Total expenses 11,659,121 10,699,682 34,319,521 31,929,530
Income from operations 1,725,108 1,657,582 5,875,137 4,381,813
Other income        
Equity in income of unconsolidated affiliates 222,514 22,347 618,971 22,347
Interest income 15,207 59,299 60,868 189,880
Total other income 237,721 81,646 679,839 212,227
Income from continuing operations 1,962,829 1,739,228 6,554,976 4,594,040
Discontinued operations - Note 16 (945) (169,011) (971) 89,541
Net income 1,961,884 1,570,217 6,554,005 4,683,581
Net income attributable to the noncontrolling interest 1,353,968 1,162,317 4,661,313 3,453,448
Net income attributable to INREIT Real Estate Investment Trust 607,916 407,900 1,892,692 1,230,133
Net income per common share, basic and diluted $ 0.12 $ 0.11 $ 0.42 $ 0.33
Comprehensive income:        
Net income 1,961,884 1,570,217 6,554,005 4,683,581
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap (15,926) (214,802) (64,364) (246,176)
Comprehensive income 1,945,958 1,355,415 6,489,641 4,437,405
Comprehensive income attributable to noncontrolling interest 1,343,162 1,003,530 4,615,762 3,271,497
Comprehensive income attributable to INREIT Real Estate Investment Trust $ 602,796 $ 351,885 $ 1,873,879 $ 1,165,908