Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Carrying Value and Estimated Fair Value of Financial Instruments

The following table presents the carrying value and estimated fair value of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at December 31, 2013 and 2012:


	December 31, 2013				December 31, 2012
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Cash and Cash Equivalents	$	4,932,512	$	4,932,512	$	1,301,739	$	1,301,739
Restricted Cash		366,645		366,645		—		—
Investment Securities		729,814		729,814		—		—
Commercial Mortgage Loan		18,845,053		19,297,110		—		—
Long-Term Debt		63,227,032		63,227,032		29,126,849		29,126,849

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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