CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2009
INCOME:
Rental Revenue	$ 40,234,528	$ 37,323,455	$ 34,085,333
Reimbursement Revenue	7,906,956	7,889,367	7,233,165
TOTAL INCOME	48,141,484	45,212,822	41,318,498
EXPENSES:
Real Estate Taxes	7,239,075	7,098,291	6,586,939
Operating Expenses	2,384,359	1,941,663	1,847,420
General & Administrative Expense	4,155,200	3,735,687	2,782,193
Acquisition Costs	425,157	459,030	0
Depreciation	10,312,807	9,282,829	8,553,869
Amortization	1,855,227	1,639,244	1,568,056
TOTAL EXPENSES	26,371,825	24,156,744	21,338,477
OTHER INCOME (EXPENSE):
Interest and Dividend Income	3,100,327	2,510,909	2,502,253
Gain (Loss) on Securities Transactions, net	5,238,203	2,609,149	(6,601,460)
Interest Expense	(14,870,906)	(14,822,725)	(13,897,398)
TOTAL OTHER INCOME (EXPENSE)	(6,532,376)	(9,702,667)	(17,996,605)
INCOME FROM CONTINUING OPERATIONS	15,237,283	11,353,411	1,983,416
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	265,868	(138,159)	(176,532)
NET INCOME	15,503,151	11,215,252	1,806,884
Less: Net Income Attributable to Noncontrolling Interests	84,953	207,737	153,983
NET INCOME ATTRIBUTABLE TO MREIC'S SHAREHOLDERS	15,418,198	11,007,515	1,652,901
Preferred Dividend	4,079,219	2,521,214	2,521,214
NET INCOME (LOSS) ATTRIBUTABLE TO MREIC'S COMMON SHAREHOLDERS	$ 11,338,979	$ 8,486,301	$ (868,313)
BASIC INCOME (LOSS) - PER SHARE
Income from Continuing Operations (in dollars per share)	$ 0.43	$ 0.37	$ 0.07
Income from Discontinued Operations (in dollars per share)	$ 0.01	$ 0	$ 0
Net Income (in dollars per share)	$ 0.44	$ 0.37	$ 0.07
Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)	$ 0	$ (0.01)	$ 0
Net Income Attributable to MREIC's Shareholders (in dollars per share)	$ 0.44	$ 0.36	$ 0.07
Less:Preferred Dividend (in dollars per share)	$ (0.12)	$ (0.08)	$ (0.10)
Net Income (Loss) Attributable to MREIC's Common Shareholders (in dollars per share)	$ 0.32	$ 0.28	$ (0.03)
DILUTED INCOME (LOSS) - PER SHARE
Income from Continuing Operations (in dollars per share)	$ 0.43	$ 0.37	$ 0.07
Income from Discontinued Operations (in dollars per share)	$ 0.01	$ 0	$ 0
Net Income (in dollars per share)	$ 0.44	$ 0.37	$ 0.07
Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)	$ 0	$ (0.01)	$ 0
Net Income Attributable to MREIC's Shareholders (in dollars per share)	$ 0.44	$ 0.36	$ 0.07
Less:Preferred Dividend (in dollars per share)	$ (0.12)	$ (0.08)	$ (0.10)
Net Income (Loss) Attributable to MREIC's Common Shareholders (in dollars per share)	$ 0.32	$ 0.28	$ (0.03)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	35,083,457	30,371,217	24,981,427
Diluted (in shares)	35,131,718	30,382,396	24,988,386