Expenses (Tables)

3 Months Ended

Mar. 31, 2013

Operating Expenses [Abstract]

Expenses [Table Text Block]

The table below presents the Company's operating expenses for the three months ended March 31, 2013 and 2012.

		2013		2012
Directors fees and liability insurance	$	41,462	$	-
Legal fees		14,000		-
Other professional fees		130,150		35,736
Management fees		125,100		59,000
Other direct REIT operating expenses		64,384		50,006
Other administrative expenses		23,224		21,430
Total expenses	$	398,320	$	166,172