Annual report pursuant to Section 13 and 15(d)

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Reconciliation of Real Estate (Details)

v3.3.1.900
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Reconciliation of Real Estate (Details) - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Investment in real estate:      
Balance, beginning of year $ 293,823,903 $ 244,975,206 $ 244,686,333
Addition: Acquisitions and developments 263,398,424 48,848,697 288,873
Deduction: Dispositions and other (14,126,849) 0 0
Balance, end of year 543,095,478 293,823,903 244,975,206
Accumulated depreciation:      
Balance, beginning of year 25,295,958 12,754,588 1,607,624
Addition: Depreciation 15,021,908 12,541,370 11,146,964
Deduction: Dispositions and other (6,448,603) 0 0
Balance, end of year $ 33,869,263 $ 25,295,958 $ 12,754,588