Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following:

	December 31, 2013
	Total		Due Within One Year
Credit Facility	$	32,827,032	$	—
Mortgage Note Payable (originated with UBS)		7,300,000		—
Mortgage Note Payable (originated with BOA)		23,100,000		—
Total Long-Term Debt	$	63,227,032	$	—

Summary of Payments Applicable to Reduction of Principal Amounts

Payments applicable to reduction of principal amounts will be required as follows:

Year Ending December 31,	Amount
2014	$	—
2015		—
2016		32,827,032
2017		—
2018		7,300,000
Thereafter		23,100,000
Total Long-Term Debt	$	63,227,032