REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 2) (USD $)
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1 Months Ended | 12 Months Ended | |||
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Dec. 31, 2012
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Dec. 31, 2013
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Nov. 30, 2012
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Nov. 30, 2011
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Nov. 30, 2010
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Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||
Real Estate, Federal Income Tax Basis | $ (11,378,747) | ||||
Investment in real estate: | |||||
Balance, beginning of year | 244,686,333 | 244,975,206 | 14,126,849 | 14,126,849 | 0 |
Addition: Acquisitions and developments | 230,559,484 | 288,873 | 0 | 14,126,849 | |
Deduction: Dispositions and other | 0 | 0 | 0 | 0 | |
Balance, end of year | 244,686,333 | 244,975,206 | 14,126,849 | 14,126,849 | 0 |
Accumulated depreciation: | |||||
Balance, beginning of year | 1,607,624 | 12,754,588 | 1,131,680 | 294,309 | 0 |
Addition: Depreciation | 475,944 | 11,146,964 | 837,371 | 294,309 | |
Deduction: Dispositions and other | 0 | 0 | 0 | 0 | |
Balance, end of year | $ 1,607,624 | $ 12,754,588 | $ 1,131,680 | $ 294,309 | $ 0 |
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- Definition
The amount as of the balance sheet date of accumulated depreciation pertaining to real estate properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of depreciation expense for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Decreases or increases in accumulated depreciation for the period other than deductions attributed to real estate sold or written-off. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of the cost basis of a real estate investment for federal income tax purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Gross amount of real estate as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of real estate investments acquired other than through foreclosure during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total other decrease (increase) in the carrying amount of real estate investments during the period other than cost of real estate sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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