XML 68 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Shareholders' Equity (Unaudited) (USD $)
Total
Common Stock
Earnings (Deficit)
Beneficial Interest
Noncontrolling Interest
Comprehensive Loss
Beginning balance at Dec. 31, 2010 $ 139,663,174 $ 42,284,483 $ (7,439,249) $ 34,845,234 $ 105,012,439 $ (194,499)
Beginning balance, shares at Dec. 31, 2010   3,602,853        
Issuance of common shares, shares   150,824        
Issuance of common shares 2,075,445 2,075,445   2,075,445    
Contribution of assets in exchange for the issuance of noncontrolling interest shares 7,109,332       7,109,332  
Repurchase of shares, shares   (146,620)        
Repurchase of shares (1,847,406) (1,847,406)   (1,847,406)    
Dividends (5,753,869)   (1,506,605) (1,506,605) (4,247,264)  
Dividends declared (2,932,300)   (759,762) (759,762) (2,172,538)  
Dividends reinvested-stock dividend, shares   104,157        
Dividends reinvested-stock dividend 1,385,267 1,385,267   1,385,267    
UPREIT units converted to REIT common shares, shares   64,003        
UPREIT units converted to REIT common shares    806,449   806,449 (806,449)  
Syndication costs (198,740)   (130,798) (130,798) (67,942)  
Decrease in fair value of interest rate swap (246,176)         (246,176)
Net income 4,683,581   1,230,133 1,230,133 3,453,448  
Ending balance at Sep. 30, 2011 143,938,308 44,704,238 (8,606,281) 36,097,957 108,281,026 (440,675)
Ending balance, shares at Sep. 30, 2011   3,775,217        
Beginning balance at Dec. 31, 2011 144,226,267 45,009,577 (8,873,113) 36,136,464 108,542,389 (452,586)
Beginning balance, shares at Dec. 31, 2011   3,796,223        
Issuance of common shares, shares   1,331,680        
Issuance of common shares 18,266,125 18,266,125   18,266,125    
Contribution of assets in exchange for the issuance of noncontrolling interest shares 4,058,618       4,058,618  
Repurchase of shares, shares   (288,564)        
Repurchase of shares (3,658,636) (3,658,636)   (3,658,636)    
Dividends (6,395,202)   (1,876,560) (1,876,560) (4,518,642)  
Dividends declared (3,335,785)   (1,050,398) (1,050,398) (2,285,387)  
Dividends reinvested-stock dividend, shares   125,084        
Dividends reinvested-stock dividend 1,661,236 1,661,236   1,661,236    
UPREIT units converted to REIT common shares, shares   122,251        
UPREIT units converted to REIT common shares    1,590,961   1,590,961 (1,590,961)  
Syndication costs (1,158,404)   (1,083,178) (1,083,178) (75,226)  
Decrease in fair value of interest rate swap (64,364)         (64,364)
Net income 6,554,005   1,892,692 1,892,692 4,661,313  
Ending balance at Sep. 30, 2012 $ 160,153,860 $ 62,869,263 $ (10,990,557) $ 51,878,706 $ 108,792,104 $ (516,950)
Ending balance, shares at Sep. 30, 2012   5,086,674