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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:        
Net (Income) loss $ (6,554,662) $ (3,243,984) $ (4,413,553) $ 7,365,308
Adjustments to reconcile net (income) loss to net cash provided by operating activities:        
Depreciation and amortization 5,130,990 3,355,419 5,812,776 2,836,042
Amortization of fair value adjustment (157,939) (485,131) (725,031) (245,231)
Equity in (income) loss of unconsolidated joint ventures (80,706) (52,694) 102,939 (13,435)
Gain on sale of joint venture interests (1,006,359) 0 0 (2,014,533)
Equity in gain on sale of real estate asset of unconsolidated joint ventures     (1,686,877) 0
Gain on revaluation of equity on business combinations     0 (12,170,005)
Distributions from unconsolidated real estate joint ventures 40,377 208,850 289,329 607,477
Share-based compensation attributable to directors' stock compensation plan 25,000 37,500 88,750 81,250
Changes in operating assets and liabilities:        
Due to affiliates (150,893) 116,480 (232,532) 367,353
Accounts receivable, prepaids and other assets (503,861) 192,011 (1,006,554) 249,357
Accounts payable and other accrued liabilities 1,819,724 1,586,888 2,015,017 887,933
Net cash (used in) provided by operating activities (1,438,329) 1,715,339 244,264 (2,048,484)
Cash flows from investing activities:        
Increase in restricted cash (2,425,297) (136,572) (209,538) (96,663)
Cash acquired in excess of acquisition of consolidated real estate investments     0 (12,417,078)
Additions to consolidated real estate investments (16,650,451) (3,779,217) (20,773,995) (1,289,149)
Capital expenditures (2,479,782) (3,479,973)    
Proceeds from sale of joint venture interests 4,985,424 0 4,439,244 2,957,622
Investment in unconsolidated joint venture (2,960,525) 0 0 (6,457)
Net cash used in investing activities (19,530,631) (7,395,762) (16,544,289) (10,851,725)
Cash flows from financing activities:        
Distributions on common stock (1,608,348) (488,927) (1,152,639) (695,466)
Distributions to noncontrolling interests (4,370,410) (477,410) (1,153,982) (398,116)
Noncontrolling equity interest additions to consolidated real estate investments 4,281,250 920,908 1,040,100   
Borrowings on mortgages payable 5,497,215 3,214,087 0 0
Repayments on mortgages payable (313,487) (298,319) 0 (3,834,578)
Borrowings (repayment) of mortgages payable     15,885,844 (239,434)
(Repayments of) borrowings under line of credit (7,571,223) 1,024,663 1,159,805 11,935,830
Payments of deferred financing fees, net (1,525,884) 28,849 (205,286) (123,618)
Net proceeds from issuance of common stock 43,977,439 793,624 1,019,230 8,895,956
Payments to redeem common stock 0 (98,425) (98,425) (271,772)
Net cash provided by financing activities 38,366,552 4,619,050 16,494,647 15,268,802
Net increase (decrease) in cash and cash equivalents 17,397,592 (1,061,373) 194,622 2,368,593
Cash and cash equivalents at beginning of period 2,983,785 2,789,163 2,789,163 420,570
Cash and cash equivalents at end of period 20,381,377 1,727,790 2,983,785 2,789,163
Supplemental Disclosure of Cash Flow Information        
Cash paid during the period for interest, net of interest capitalized 255,144 399,132 933,487 209,585
Supplemental Disclosure of Noncash Investing and Financing Activities:        
Distributions payable 595,948 136,524 143,463 129,656
Redemptions payable 0 169,366 0 23,125
Accrued offering costs 152,249 725,691 954,294 559,818
Distributions paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan 0 313,195 441,269 454,712
Receivable for common stock issuances pursuant to the distribution reinvestment plan 0 (52,990) 0 (49,556)
Line of credit and extension fee     175,356 0
Reduction of line of credit balance in exchange for sale of joint venture equity interest     5,524,412 0
Net assets acquired     0 26,283,000
Mortgages assumed upon property acquisitions 116,800,000 0    
Class A common stock issued upon property acquisitions 15,188,293 0    
Operating partnership units issued for property acquisition $ 4,100,000 $ 0