Related Party Transactions (Details Textual) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Related Party Transactions (Textual) [Abstract]
Percentage of organizational and offering costs		15.00%
Percentage of gross proceeds reimbursed from organizational and offering costs		3.50%
Organizational and offering costs incurred exceeded such limitations				$ 700,000
Actual organizational and offering costs		0
Sales commissions percentage		7.00%
Dealer manager fee percentage		3.00%
Reimbursement of organization and offering expenses percentage		3.50%
Organization and offering expenses gross offering percentage		15.00%
Percentage of acquisition fees		2.50%
Percentage of contract purchase price		6.00%
Percentage of advisor receives fees for contract sales properties		3.00%
Asset Management Fee Percentage of Average invested Assets		0.75%
Average Invested Assets Percentage		2.00%
Sales Revenue Goods Percentage		25.00%
Operating expenses	$ 80,000		$ 200,000
Property Management Fees Percentage		3.00%
Gross Revenue Percentage		1.00%
Construction Management Fee Percentage		5.00%
Number of Real Estate		16
Five Percentage [Member]
Related Party Transaction [Line Items]
Subordinated Incentive Listing Fee Percentage		5.00%
Ten Percentage [Member]
Related Party Transaction [Line Items]
Subordinated Incentive Listing Fee Percentage		10.00%
Fifteen Percentage [Member]
Related Party Transaction [Line Items]
Subordinated Incentive Listing Fee Percentage		15.00%
Percentage on Return of Capital		10.00%
Maximum [Member] | Five Percentage [Member]
Related Party Transaction [Line Items]
Percentage on Return of Capital		8.00%
Maximum [Member] | Ten Percentage [Member]
Related Party Transaction [Line Items]
Percentage on Return of Capital		10.00%
Minimum [Member] | Five Percentage [Member]
Related Party Transaction [Line Items]
Percentage on Return of Capital		6.00%
Minimum [Member] | Ten Percentage [Member]
Related Party Transaction [Line Items]
Percentage on Return of Capital		8.00%