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Related Party Transactions (Details) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Total related-party amounts payable $ 1,022,406 $ 1,791,440
Asset Management [Member]
   
Total related-party amounts payable 351,134 562,732
Acquisitions Fees [Member]
   
Total related-party amounts payable 0 81,776
Financing Fees [Member]
   
Total related-party amounts payable 0 14,491
Reimbursable Operating Expenses [Member]
   
Total related-party amounts payable 394,899 900,512
Reimbursable Offering Costs [Member]
   
Total related-party amounts payable 207,180 171,099
Reimbursable Organizational Costs [Member]
   
Total related-party amounts payable 49,931 49,931
Others [Member]
   
Total related-party amounts payable $ 19,262 $ 10,899