Accrued and Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Payables And Accruals [Abstract]

Summary of Accrued and Other Liabilities

Accrued and other liabilities consisted of the following: 

	As of
	September 30, 2015		December 31, 2014
Golf Course Lease	$	2,696,257	$	2,973,898
Accrued Property Taxes		1,155,112		—
Other Post-Retirement Benefits		—		142,797
Reserve for Tenant Improvements		676,604		551,250
Accrued Interest		319,292		197,929
Environmental Reserve		532,930		108,733
Below Market In-Place Leases, net		653,134		669,693
Put Options		77,280		—
Other		1,081,405		1,426,902
Total Accrued and Other Liabilities	$	7,192,014	$	6,071,202