CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities
Net income	$ 5,337,867	$ 2,448,668
Adjustments to reconcile net income to net cash provided by operating activities
Gain on the sale of real estate	(3,678,839)
Gain on the sale of equipment	(2,250)
Depreciation and amortization	5,758,310	4,592,503
Loss from investments in joint venture	1,028,602	1,222,077
Depreciation and amortization - discontinued operations	2,111	39,671
Change in operating assets and liabilities
Decrease in rents receivable	(89,114)	(111,244)
Increase (Decrease) in accounts payable and accrued expense	181,883	(110,162)
(Increase) Decrease in real estate tax escrow	186,865	(44,989)
(Increase) Decrease in prepaid expenses and other assets	(2,402,166)	406,230
Increase in advance rental payments and security deposits	389,939	862
Total Adjustments	1,375,340	5,994,947
Net cash provided by operating activities	6,713,207	8,443,616
Cash Flows from Investing Activities
Proceeds from unconsolidated joint ventures	2,560,722	772,000
Net proceeds from the sale of equipment	2,250
Net proceeds from the sale of real estate	2,155,546
(Investment in) unconsolidated joint ventures	(255,722)
Acquisition and improvement of rental properties	(64,284,999)	(1,640,502)
Net cash (used in) investing activities	(59,822,203)	(868,502)
Cash Flows from Financing Activities
Payment of financing costs	(588,448)	(245,633)
Principal payments of note payable		(1,668,600)
Proceeds of mortgage notes payable	95,000,000
Principal payments and payoffs of mortgage notes payable	(39,081,283)	(825,943)
Stock buyback	(1,021,987)	(610,294)
Distributions to partners	(2,922,143)	(2,952,514)
Net cash provided by (used in) financing activities	51,386,139	(6,302,984)
Net (Decrease) Increase in Cash and Cash Equivalents	(1,722,857)	1,272,130
Cash and Cash Equivalents, at beginning of period	6,981,906	4,050,157
Cash and Cash Equivalents, at end of period	$ 5,259,049	$ 5,322,287