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Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net loss $ (10,948,048) $ (4,390,776)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of building and tenant improvements 5,311,319 3,423,756
Amortization of mortgage financing costs 2,723,066 1,359,955
Amortization of leasing costs 809,027 647,767
Changes in operating assets and liabilities:    
Restricted cash (72,560) (127,462)
Other receivables 316,148 (243,256)
Other assets 61,042 (126,197)
Overage rent due from Sublessee, a related party 24,199,368 28,780,449
Due from Sublessee, a related party 113,645  
Leasing costs paid (4,963,619) (1,752,779)
Accrued mortgage interest 72,559 47,404
Due to Supervisor, a related party 979,963 (219,391)
Accrued supervisory fees, to a related party (846,000) (1,107,000)
Accrued expenses 4,465 (24,831)
Net cash provided by operating activities 17,760,375 26,267,639
Cash flows from investing activities:    
Purchase of building and tenant improvements (17,781,516) (33,289,998)
Advance to Sublessee   (15,060,562)
Increase (decrease) in due to/from Sublessee, a related party   (54,139)
Net cash used in investing activities (17,781,516) (48,404,699)
Cash flows from financing activities:    
Proceeds from mortgage payable 50,000,000 30,000,000
Deferred costs (1,484,875) (3,210,459)
Financing costs (1,738,789) (1,173,319)
Distributions to Participants (15,198,667) (19,287,666)
Net cash provided by financing activities 31,577,669 6,328,556
Net increase (decrease) in cash and cash equivalents 31,556,528 (15,808,504)
Cash and cash equivalents, beginning of period 4,359,664 23,236,067
Cash and cash equivalents, end of period 35,916,192 7,427,563
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,698,933 2,542,602
Non-cash investing and financing activities:    
Purchase of building and tenant improvements and improvements in progress included in Due to Sublessee, a related party 17,435,294 8,624,073
Deferred costs included in Due to Supervisor, a related party $ 1,120,963 $ 1,189,397