Related Party Transactions (Details Textual) (USD $)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 26, 2012	Mar. 31, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Mar. 22, 2011	Dec. 31, 2010
Organizational and Offering Costs			$ 2,965,111		$ 2,965,111
Maximum Percentage Reimbursement Of Organizational and Offering Costs					15.00%
Offering Costs Charged To Stockholders Equity					3,079,573
Advisory Agreement, Term					one-year
Advisory Agreement, Expiry Date					Oct. 14, 2013
Asset Management Fees, Description	asset management fee from one-twelfth of 1.0% of the higher of the cost or the value of each asset to one-twelfth of 0.65
Disposition Fees			216,376	0	216,376	0
Percentage On Purchase Price Of Property					2.50%
Percentage Of Financing Fees Receivable					1.00%
Sales Price Percentage					1.50%
Selling Commission Percentage					50.00%
Percentage Exceed In Contract Sales Price					6.00%
Percentage Exceed Relates To Operating Expenses					2.00%
Percentage Determined For Net Income					25.00%
Total expenses		677,415	2,388,804	584,590	3,352,460	3,428,188
Other Receivables									973,607
Total Expenses		1,646,818		0		0
Other Liabilities								677,415
Reimbursement Amount			677,415		677,415
Preferred Stock, Shares Issued (in shares)			0		0		0
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)			$ 0.01		$ 0.01		$ 0.01
Excess Of Cumulative Percentage					15.00%
Cumulative Percentage					8.00%
Property Management Fee, Percent Fee					4.00%
Oversight Fee Percentage					1.00%
Accounts Receivable, Related Parties, Current			50,937		50,937		0
Offering Costs					2,407,524
Percentage Exceed On Organization and Offering Costs					15.00%
Payment Of Outstanding Accounts Payable			1,300,000
Outstanding Accounts Payable Unpaid Amount			$ 1,000,000
Convertible Preferred Stock [Member]
Preferred Stock, Shares Issued (in shares)			1,000		1,000		1,000
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)			$ 0.01		$ 0.01		$ 0.01
Minimum [Member]
Related Party Transaction Acquistion Fee Percentage	1.75%
Maximum [Member]
Related Party Transaction Acquistion Fee Percentage	2.50%