Accrued and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Payables And Accruals [Abstract]

Summary of Accrued and Other Liabilities

Accrued and other liabilities consisted of the following: 

	As of
	March 31, 2016		December 31, 2015
Golf Course Lease	$	2,509,019	$	2,602,638
Accrued Property Taxes		627,290		40,042
Reserve for Tenant Improvements		760,060		812,493
Accrued Interest		253,785		1,195,231
Environmental Reserve and Restoration Cost Accrual		2,366,921		2,405,635
Other		643,714		1,811,880
Total Accrued and Other Liabilities	$	7,160,789	$	8,867,919