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7. Sale of its interests in Grove Isle Associates LLLP (Details) (USD $)
Jun. 01, 2013
Mar. 29, 2013
Feb. 25, 2013
Sale of its interests in Grove Isle Associates LLLP      
The purchase price of interests     $ 24,400,000
The purchase price in cash     23,400,000
The purchase price in promissory note due from the Purchaser     1,000,000
Proceeds used to pay off the existing mortgage on the Grove Isle Property     2,700,000
The Company realized a gain on the sale of these interests     19,000,000
Incentive fee due to the Adviser of approximately     2,100,000
Company received an additional proceeds for unpaid rent due by the Grove Isle tenant prior to the sale 327,000    
Purchaser exercised its option to purchase our 50% interest in the spa for 100,000    
The purchase price for the membership interests was paid in cash   3,000,000  
The Company realized a gain on the sale of these interests (as adjusted) approximately   $ 28,000