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8.0% Exchangeable Senior Notes due 2016 (Details) (USD $)
3 Months Ended 0 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 20, 2014
Dec. 31, 2013
Dec. 19, 2013
Sep. 18, 2013
Jun. 25, 2013
May 14, 2013
Dec. 19, 2013
Special Cash Dividend [Member]
Mar. 31, 2014
Exchangeable Senior Notes Conversion Option [Member]
Dec. 31, 2013
Exchangeable Senior Notes Conversion Option [Member]
Nov. 25, 2013
Exchangeable Senior Notes Conversion Option [Member]
Dec. 27, 2013
Exchangeable Senior Notes [Member]
Nov. 25, 2013
Exchangeable Senior Notes [Member]
Mar. 31, 2014
Exchangeable Senior Notes [Member]
Dec. 31, 2013
Exchangeable Senior Notes [Member]
Mar. 31, 2014
Exchangeable Senior Notes [Member]
Maximum [Member]
Debt Instrument [Line Items]                                  
Principal amount                             $ 57,500,000    
Proceeds from sale of debt                           55,300,000      
Initial purchasers' discount                           1,700,000      
Aggregate estimated offering expenses                           2,200,000      
Carrying value of debt                             54,800,000 54,500,000  
Stated interest rate                             8.00%    
Effective annual rate                             10.20%    
Interest expense on notes 1,412,643                            1,400,000    
Maturity date                             Nov. 15, 2016    
Percentage of shares outstanding issuable upon exchange                             20.00%    
Number of shares issuable upon exchange                             1,779,560    
Derivative liabilities, at fair value $ 1,606,416     $ 1,471,607           $ 1,600,000 $ 1,500,000 $ 1,300,000          
Conversion ratio                         54.3103 52.5417     60.4229
Exchange price                           $ 19.03      
Dividend threshold requiring adjustment to exchange rate                             $ 0.50    
Dividend declared, amount per share     $ 0.40   $ 0.95 [1] $ 0.50 $ 0.45 $ 0.22 $ 0.55                
Repurchase price                             100.00%    
[1] Regular cash dividend of $0.40 per share of common stock and OP unit for the fourth quarter ending December 31, 2013, and an additional special cash dividend of $0.55 per share of its common stock and OP unit. The Company declared the special cash dividend to distribute taxable income from 2013 attributable to the termination of interest rate swap contracts.