Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Schedule Of Related Party Transactions [Table Text Block]

There were no related party amounts receivable as of December 31, 2012 or 2011.

	December 31, 2012		December 31, 2011
Asset management and oversight fees	$	426,938	$	562,732
Acquisition fees		322,440		81,776
Financing fees		5,891		14,491
Reimbursable operating expenses		431,850		900,512
Reimbursable offering costs		197,300		171,099
Reimbursable organizational costs		49,931		49,931
Other		388,217		10,899
Total related-party amounts payable	$	1,822,567	$	1,791,440