Schedule III - Real Estate and Accumulated Depreciation (Details) - Real Estate and Accumulated Depreciation (USD $) | 12 Months Ended | | | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | $91,467,553 | | | | |
Initial Cost to Company, Land | 549,960,559 | | | | |
Initial Cost to Company, Building & Improvements | 1,174,604,863 | | | | |
Cost Capitalized Subsequent to Acquisition, Land | 117,591 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 61,215,293 | | | | |
Amount at Which Carried at Close of Period, Land | 550,078,150 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 1,235,820,156 | | | | |
Total | 1,785,898,306 | [1] | 1,372,433,648 | 871,693,595 | 580,832,410 |
Accumulated Depreciation | 88,173,334 | [2],[3] | | | |
Paramount Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,346,871 | | | | |
Initial Cost to Company, Building & Improvements | 10,274,425 | | | | |
Cost Capitalized Subsequent to Acquisition, Land | 94,202 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,300,527 | | | | |
Amount at Which Carried at Close of Period, Land | 6,441,073 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 11,574,952 | | | | |
Total | 18,016,025 | [1] | | | |
Accumulated Depreciation | 1,636,418 | [2],[3] | | | |
Date of Acquisition | 22-Dec-09 | [1] | | | |
Santa Ana Downtown Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 7,895,272 | | | | |
Initial Cost to Company, Building & Improvements | 9,890,440 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,013,833 | | | | |
Amount at Which Carried at Close of Period, Land | 7,895,272 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 10,904,273 | | | | |
Total | 18,799,545 | [1] | | | |
Accumulated Depreciation | 1,623,119 | [2],[3] | | | |
Date of Acquisition | 26-Jan-10 | [1] | | | |
Meridian Valley Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 1,880,637 | | | | |
Initial Cost to Company, Building & Improvements | 4,794,789 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 304,352 | | | | |
Amount at Which Carried at Close of Period, Land | 1,880,637 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 5,099,141 | | | | |
Total | 6,979,778 | [1] | | | |
Accumulated Depreciation | 857,027 | [2],[3] | | | |
Date of Acquisition | 1-Feb-10 | [1] | | | |
The Market at Lake Stevens [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,086,933 | | | | |
Initial Cost to Company, Building & Improvements | 12,397,178 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 28,045 | | | | |
Amount at Which Carried at Close of Period, Land | 3,086,933 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 12,425,223 | | | | |
Total | 15,512,156 | [1] | | | |
Accumulated Depreciation | 1,828,016 | [2],[3] | | | |
Date of Acquisition | 16-Mar-10 | [1] | | | |
Norwood Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,031,309 | | | | |
Initial Cost to Company, Building & Improvements | 11,534,239 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 616,789 | | | | |
Amount at Which Carried at Close of Period, Land | 3,031,309 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 12,151,028 | | | | |
Total | 15,182,337 | [1] | | | |
Accumulated Depreciation | 1,750,339 | [2],[3] | | | |
Date of Acquisition | 5-Apr-10 | [1] | | | |
Pleasant Hill Marketplace [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,359,471 | | | | |
Initial Cost to Company, Building & Improvements | 6,927,347 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 741,054 | | | | |
Amount at Which Carried at Close of Period, Land | 6,359,471 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 7,668,401 | | | | |
Total | 14,027,872 | [1] | | | |
Accumulated Depreciation | 1,251,013 | [2],[3] | | | |
Date of Acquisition | 8-Apr-10 | [1] | | | |
Vancouver Market Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 4,080,212 | | | | |
Initial Cost to Company, Building & Improvements | 6,912,155 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 417,874 | | | | |
Amount at Which Carried at Close of Period, Land | 4,080,212 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 7,330,029 | | | | |
Total | 11,410,241 | [1] | | | |
Accumulated Depreciation | 932,838 | [2],[3] | | | |
Date of Acquisition | 17-Jun-10 | [1] | | | |
Happy Valley Town Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 11,678,257 | | | | |
Initial Cost to Company, Building & Improvements | 27,011,054 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,658,102 | | | | |
Amount at Which Carried at Close of Period, Land | 11,678,257 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 28,669,156 | | | | |
Total | 40,347,413 | [1] | | | |
Accumulated Depreciation | 4,084,559 | [2],[3] | | | |
Date of Acquisition | 14-Jul-10 | [1] | | | |
Cascade Summit [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 8,852,543 | | | | |
Initial Cost to Company, Building & Improvements | 7,731,944 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 317,464 | | | | |
Amount at Which Carried at Close of Period, Land | 8,852,543 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 8,049,408 | | | | |
Total | 16,901,951 | [1] | | | |
Accumulated Depreciation | 1,298,293 | [2],[3] | | | |
Date of Acquisition | 20-Aug-10 | [1] | | | |
Heritage Market Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,594,766 | | | | |
Initial Cost to Company, Building & Improvements | 17,399,233 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 450,562 | | | | |
Amount at Which Carried at Close of Period, Land | 6,594,766 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 17,849,795 | | | | |
Total | 24,444,561 | [1] | | | |
Accumulated Depreciation | 2,345,418 | [2],[3] | | | |
Date of Acquisition | 23-Sep-10 | [1] | | | |
Claremont Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | | [4] | | | |
Initial Cost to Company, Land | 5,975,391 | [4] | | | |
Initial Cost to Company, Building & Improvements | 1,018,505 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Land | 183,362 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 4,262,940 | [4] | | | |
Amount at Which Carried at Close of Period, Land | 6,158,753 | [4] | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 5,281,445 | [4] | | | |
Total | 11,440,198 | [1],[4] | | | |
Accumulated Depreciation | 1,151,120 | [2],[3],[4] | | | |
Date of Acquisition | 23-Sep-10 | [1],[4] | | | |
Shops At Sycamore Creek [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,747,011 | | | | |
Initial Cost to Company, Building & Improvements | 11,583,858 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 818,932 | | | | |
Amount at Which Carried at Close of Period, Land | 3,747,011 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 12,402,790 | | | | |
Total | 16,149,801 | [1] | | | |
Accumulated Depreciation | 2,061,442 | [2],[3] | | | |
Date of Acquisition | 30-Sep-10 | [1] | | | |
Gateway Village [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | 7,270,256 | | | | |
Initial Cost to Company, Land | 5,916,530 | | | | |
Initial Cost to Company, Building & Improvements | 27,298,339 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 63,677 | | | | |
Amount at Which Carried at Close of Period, Land | 5,916,530 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 27,362,016 | | | | |
Total | 33,278,546 | [1] | | | |
Accumulated Depreciation | 3,220,700 | [2],[3] | | | |
Date of Acquisition | 16-Dec-10 | [1] | | | |
Division Crossing [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,705,536 | | | | |
Initial Cost to Company, Building & Improvements | 8,327,097 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 5,582,839 | | | | |
Amount at Which Carried at Close of Period, Land | 3,705,536 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 13,909,936 | | | | |
Total | 17,615,472 | [1] | | | |
Accumulated Depreciation | 1,300,209 | [2],[3] | | | |
Date of Acquisition | 22-Dec-10 | [1] | | | |
Halsey Crossing [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | | [4] | | | |
Initial Cost to Company, Land | | [4] | | | |
Initial Cost to Company, Building & Improvements | 7,773,472 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Land | | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 533,823 | [4] | | | |
Amount at Which Carried at Close of Period, Land | | [4] | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 8,307,295 | [4] | | | |
Total | 8,307,295 | [1],[4] | | | |
Accumulated Depreciation | 1,086,018 | [2],[3],[4] | | | |
Date of Acquisition | 22-Dec-10 | [1],[4] | | | |
Marketplace Del Rio [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 13,420,202 | | | | |
Initial Cost to Company, Building & Improvements | 22,251,180 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,180,925 | | | | |
Amount at Which Carried at Close of Period, Land | 13,420,202 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 23,432,105 | | | | |
Total | 36,852,307 | [1] | | | |
Accumulated Depreciation | 3,187,779 | [2],[3] | | | |
Date of Acquisition | 3-Jan-11 | [1] | | | |
Pinole Vista [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 9,233,728 | | | | |
Initial Cost to Company, Building & Improvements | 17,553,082 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,935,156 | | | | |
Amount at Which Carried at Close of Period, Land | 9,233,728 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 19,488,238 | | | | |
Total | 28,721,966 | [1] | | | |
Accumulated Depreciation | 2,694,503 | [2],[3] | | | |
Date of Acquisition | 6-Jan-11 | [1] | | | |
Desert Spring Marketplace [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 8,517,225 | | | | |
Initial Cost to Company, Building & Improvements | 18,761,350 | | | | |
Cost Capitalized Subsequent to Acquisition, Land | -159,973 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,368,969 | | | | |
Amount at Which Carried at Close of Period, Land | 8,357,252 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 20,130,319 | | | | |
Total | 28,487,571 | [1] | | | |
Accumulated Depreciation | 2,570,171 | [2],[3] | | | |
Date of Acquisition | 17-Feb-11 | [1] | | | |
Mills Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 4,083,583 | | | | |
Initial Cost to Company, Building & Improvements | 16,833,059 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 4,483,090 | | | | |
Amount at Which Carried at Close of Period, Land | 4,083,583 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 21,316,149 | | | | |
Total | 25,399,732 | [1] | | | |
Accumulated Depreciation | 2,820,007 | [2],[3] | | | |
Date of Acquisition | 17-Feb-11 | [1] | | | |
Morada Ranch [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 2,503,605 | | | | |
Initial Cost to Company, Building & Improvements | 19,546,783 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 344,846 | | | | |
Amount at Which Carried at Close of Period, Land | 2,503,605 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 19,891,629 | | | | |
Total | 22,395,234 | [1] | | | |
Accumulated Depreciation | 2,344,922 | [2],[3] | | | |
Date of Acquisition | 20-May-11 | [1] | | | |
Renaissance [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | 16,204,826 | | | | |
Initial Cost to Company, Land | 8,640,261 | | | | |
Initial Cost to Company, Building & Improvements | 13,848,388 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 453,255 | | | | |
Amount at Which Carried at Close of Period, Land | 8,640,261 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 14,301,643 | | | | |
Total | 22,941,904 | [1] | | | |
Accumulated Depreciation | 1,538,941 | [2],[3] | | | |
Date of Acquisition | 3-Aug-11 | [1] | | | |
Country Club Gate [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,487,457 | | | | |
Initial Cost to Company, Building & Improvements | 17,340,757 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 761,367 | | | | |
Amount at Which Carried at Close of Period, Land | 6,487,457 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 18,102,124 | | | | |
Total | 24,589,581 | [1] | | | |
Accumulated Depreciation | 2,057,986 | [2],[3] | | | |
Date of Acquisition | 8-Jul-11 | [1] | | | |
Canyon Park [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 9,352,244 | | | | |
Initial Cost to Company, Building & Improvements | 11,291,210 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,317,512 | | | | |
Amount at Which Carried at Close of Period, Land | 9,352,244 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 12,608,722 | | | | |
Total | 21,960,966 | [1] | | | |
Accumulated Depreciation | 1,829,222 | [2],[3] | | | |
Date of Acquisition | 29-Jul-11 | [1] | | | |
Hawks Prairie [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,334,044 | | | | |
Initial Cost to Company, Building & Improvements | 20,693,920 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 418,156 | | | | |
Amount at Which Carried at Close of Period, Land | 5,334,044 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 21,112,076 | | | | |
Total | 26,446,120 | [1] | | | |
Accumulated Depreciation | 2,344,695 | [2],[3] | | | |
Date of Acquisition | 8-Sep-11 | [1] | | | |
Kress Building [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,692,748 | | | | |
Initial Cost to Company, Building & Improvements | 20,866,133 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 4,411,012 | | | | |
Amount at Which Carried at Close of Period, Land | 5,692,748 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 25,277,145 | | | | |
Total | 30,969,893 | [1] | | | |
Accumulated Depreciation | 2,427,821 | [2],[3] | | | |
Date of Acquisition | 30-Sep-11 | [1] | | | |
Round Hill Square [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,358,426 | | | | |
Initial Cost to Company, Building & Improvements | 17,734,397 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 784,336 | | | | |
Amount at Which Carried at Close of Period, Land | 6,358,426 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 18,518,733 | | | | |
Total | 24,877,159 | [1] | | | |
Accumulated Depreciation | 2,003,528 | [2],[3] | | | |
Date of Acquisition | 23-Aug-11 | [1] | | | |
Hillsboro [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | | [4] | | | |
Initial Cost to Company, Land | | [4] | | | |
Initial Cost to Company, Building & Improvements | 18,054,929 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Land | | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 524,993 | [4] | | | |
Amount at Which Carried at Close of Period, Land | | [4] | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 18,579,922 | [4] | | | |
Total | 18,579,922 | [1],[4] | | | |
Accumulated Depreciation | 1,826,652 | [2],[3],[4] | | | |
Date of Acquisition | 23-Nov-11 | [1],[4] | | | |
Gateway Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | | [4] | | | |
Initial Cost to Company, Land | 6,241,688 | [4] | | | |
Initial Cost to Company, Building & Improvements | 23,461,824 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Land | | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 36,902 | [4] | | | |
Amount at Which Carried at Close of Period, Land | 6,241,688 | [4] | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 23,498,726 | [4] | | | |
Total | 29,740,414 | [1],[4] | | | |
Accumulated Depreciation | 2,027,163 | [2],[3],[4] | | | |
Date of Acquisition | 16-Feb-12 | [1],[4] | | | |
Euclid Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 7,407,116 | | | | |
Initial Cost to Company, Building & Improvements | 7,752,767 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 2,718,623 | | | | |
Amount at Which Carried at Close of Period, Land | 7,407,116 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 10,471,390 | | | | |
Total | 17,878,506 | [1] | | | |
Accumulated Depreciation | 1,052,527 | [2],[3] | | | |
Date of Acquisition | 28-Mar-12 | [1] | | | |
Green Valley [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 1,684,718 | | | | |
Initial Cost to Company, Building & Improvements | 8,999,134 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 259,758 | | | | |
Amount at Which Carried at Close of Period, Land | 1,684,718 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 9,258,892 | | | | |
Total | 10,943,610 | [1] | | | |
Accumulated Depreciation | 920,097 | [2],[3] | | | |
Date of Acquisition | 2-Apr-12 | [1] | | | |
Aurora Square [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,002,147 | | | | |
Initial Cost to Company, Building & Improvements | 1,692,681 | | | | |
Amount at Which Carried at Close of Period, Land | 3,002,147 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 1,692,681 | | | | |
Total | 4,694,828 | [1] | | | |
Accumulated Depreciation | 286,108 | [2],[3] | | | |
Date of Acquisition | 3-May-12 | [1] | | | |
Marlin Cove [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 8,814,850 | | | | |
Initial Cost to Company, Building & Improvements | 6,797,289 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,353,773 | | | | |
Amount at Which Carried at Close of Period, Land | 8,814,850 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 8,151,062 | | | | |
Total | 16,965,912 | [1] | | | |
Accumulated Depreciation | 776,448 | [2],[3] | | | |
Date of Acquisition | 4-May-12 | [1] | | | |
Seabridge [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,098,187 | | | | |
Initial Cost to Company, Building & Improvements | 17,164,319 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 540,926 | | | | |
Amount at Which Carried at Close of Period, Land | 5,098,187 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 17,705,245 | | | | |
Total | 22,803,432 | [1] | | | |
Accumulated Depreciation | 1,581,515 | [2],[3] | | | |
Date of Acquisition | 31-May-12 | [1] | | | |
Novato [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,329,472 | | | | |
Initial Cost to Company, Building & Improvements | 4,411,801 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 629,040 | | | | |
Amount at Which Carried at Close of Period, Land | 5,329,472 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 5,040,841 | | | | |
Total | 10,370,313 | [1] | | | |
Accumulated Depreciation | 364,275 | [2],[3] | | | |
Date of Acquisition | 24-Jul-12 | [1] | | | |
Glendora [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,847,407 | | | | |
Initial Cost to Company, Building & Improvements | 8,758,338 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 157,145 | | | | |
Amount at Which Carried at Close of Period, Land | 5,847,407 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 8,915,483 | | | | |
Total | 14,762,890 | [1] | | | |
Accumulated Depreciation | 808,081 | [2],[3] | | | |
Date of Acquisition | 1-Aug-12 | [1] | | | |
Wilsonville [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 4,180,768 | | | | |
Initial Cost to Company, Building & Improvements | 15,394,342 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 230,572 | | | | |
Amount at Which Carried at Close of Period, Land | 4,180,768 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 15,624,914 | | | | |
Total | 19,805,682 | [1] | | | |
Accumulated Depreciation | 1,183,988 | [2],[3] | | | |
Date of Acquisition | 1-Aug-12 | [1] | | | |
Bay Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 5,454,140 | | | | |
Initial Cost to Company, Building & Improvements | 14,857,031 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,023,146 | | | | |
Amount at Which Carried at Close of Period, Land | 5,454,140 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 15,880,177 | | | | |
Total | 21,334,317 | [1] | | | |
Accumulated Depreciation | 1,182,562 | [2],[3] | | | |
Date of Acquisition | 5-Oct-12 | [1] | | | |
Santa Theresa [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | 10,829,884 | | | | |
Initial Cost to Company, Land | 14,964,975 | | | | |
Initial Cost to Company, Building & Improvements | 17,162,039 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 2,031,796 | | | | |
Amount at Which Carried at Close of Period, Land | 14,964,975 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 19,193,835 | | | | |
Total | 34,158,810 | [1] | | | |
Accumulated Depreciation | 1,453,022 | [2],[3] | | | |
Date of Acquisition | 8-Nov-12 | [1] | | | |
Cypress West [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 15,479,535 | | | | |
Initial Cost to Company, Building & Improvements | 11,819,089 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,924,075 | | | | |
Amount at Which Carried at Close of Period, Land | 15,479,535 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 13,743,164 | | | | |
Total | 29,222,699 | [1] | | | |
Accumulated Depreciation | 938,737 | [2],[3] | | | |
Date of Acquisition | 7-Dec-12 | [1] | | | |
Redondo Beach [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 16,241,947 | | | | |
Initial Cost to Company, Building & Improvements | 13,624,837 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 84,973 | | | | |
Amount at Which Carried at Close of Period, Land | 16,241,947 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 13,709,810 | | | | |
Total | 29,951,757 | [1] | | | |
Accumulated Depreciation | 956,869 | [2],[3] | | | |
Date of Acquisition | 28-Dec-12 | [1] | | | |
Harbor Place [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 16,506,423 | | | | |
Initial Cost to Company, Building & Improvements | 10,527,092 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 333,180 | | | | |
Amount at Which Carried at Close of Period, Land | 16,506,423 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 10,860,272 | | | | |
Total | 27,366,695 | [1] | | | |
Accumulated Depreciation | 645,918 | [2],[3] | | | |
Date of Acquisition | 28-Dec-12 | [1] | | | |
Diamond Bar Town Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 9,540,204 | | | | |
Initial Cost to Company, Building & Improvements | 16,794,637 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 3,976,039 | | | | |
Amount at Which Carried at Close of Period, Land | 9,540,204 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 20,770,676 | | | | |
Total | 30,310,880 | [1] | | | |
Accumulated Depreciation | 1,159,965 | [2],[3] | | | |
Date of Acquisition | 1-Feb-13 | [1] | | | |
Bernardo Heights [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | 8,581,168 | | | | |
Initial Cost to Company, Land | 3,191,950 | | | | |
Initial Cost to Company, Building & Improvements | 8,939,685 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 51,868 | | | | |
Amount at Which Carried at Close of Period, Land | 3,191,950 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 8,991,553 | | | | |
Total | 12,183,503 | [1] | | | |
Accumulated Depreciation | 531,355 | [2],[3] | | | |
Date of Acquisition | 6-Feb-13 | [1] | | | |
Canyon Crossing [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 7,940,521 | | | | |
Initial Cost to Company, Building & Improvements | 24,659,249 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 2,311,882 | | | | |
Amount at Which Carried at Close of Period, Land | 7,940,521 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 26,971,131 | | | | |
Total | 34,911,652 | [1] | | | |
Accumulated Depreciation | 1,495,164 | [2],[3] | | | |
Date of Acquisition | 15-Apr-13 | [1] | | | |
Diamond Hills [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 15,457,603 | | | | |
Initial Cost to Company, Building & Improvements | 29,352,602 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 360,963 | | | | |
Amount at Which Carried at Close of Period, Land | 15,457,603 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 29,713,565 | | | | |
Total | 45,171,168 | [1] | | | |
Accumulated Depreciation | 1,707,176 | [2],[3] | | | |
Date of Acquisition | 22-Apr-13 | [1] | | | |
Granada Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,673,036 | | | | |
Initial Cost to Company, Building & Improvements | 13,459,155 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 62,418 | | | | |
Amount at Which Carried at Close of Period, Land | 3,673,036 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 13,521,573 | | | | |
Total | 17,194,609 | [1] | | | |
Accumulated Depreciation | 760,336 | [2],[3] | | | |
Date of Acquisition | 27-Jun-13 | [1] | | | |
Hawthorne Crossings [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 10,382,740 | | | | |
Initial Cost to Company, Building & Improvements | 29,277,254 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 270,950 | | | | |
Amount at Which Carried at Close of Period, Land | 10,382,740 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 29,548,204 | | | | |
Total | 39,930,944 | [1] | | | |
Accumulated Depreciation | 1,426,033 | [2],[3] | | | |
Date of Acquisition | 27-Jun-13 | [1] | | | |
Robinwood [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 3,996,984 | | | | |
Initial Cost to Company, Building & Improvements | 11,317,359 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 273,267 | | | | |
Amount at Which Carried at Close of Period, Land | 3,996,984 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 11,590,626 | | | | |
Total | 15,587,610 | [1] | | | |
Accumulated Depreciation | 520,197 | [2],[3] | | | |
Date of Acquisition | 23-Aug-13 | [1] | | | |
Five Points Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 18,419,733 | | | | |
Initial Cost to Company, Building & Improvements | 36,965,189 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 339,524 | | | | |
Amount at Which Carried at Close of Period, Land | 18,419,733 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 37,304,713 | | | | |
Total | 55,724,446 | [1] | | | |
Accumulated Depreciation | 1,346,888 | [2],[3] | | | |
Date of Acquisition | 27-Sep-13 | [1] | | | |
Crossroads Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | 48,581,419 | | | | |
Initial Cost to Company, Land | 68,366,245 | | | | |
Initial Cost to Company, Building & Improvements | 67,755,526 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,636,435 | | | | |
Amount at Which Carried at Close of Period, Land | 68,366,245 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 69,391,961 | | | | |
Total | 137,758,206 | [1] | | | |
Accumulated Depreciation | 3,100,476 | [2],[3] | | | |
Date of Acquisition | 27-Sep-13 | [1] | | | |
Peninsula Marketplace [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 14,730,088 | | | | |
Initial Cost to Company, Building & Improvements | 19,213,763 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 232,920 | | | | |
Amount at Which Carried at Close of Period, Land | 14,730,088 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 19,446,683 | | | | |
Total | 34,176,771 | [1] | | | |
Accumulated Depreciation | 770,754 | [2],[3] | | | |
Date of Acquisition | 1-Nov-13 | [1] | | | |
Country Club Village [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 9,985,749 | | | | |
Initial Cost to Company, Building & Improvements | 26,578,916 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 1,270,337 | | | | |
Amount at Which Carried at Close of Period, Land | 9,985,749 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 27,849,253 | | | | |
Total | 37,835,002 | [1] | | | |
Accumulated Depreciation | 1,065,833 | [2],[3] | | | |
Date of Acquisition | 26-Nov-13 | [1] | | | |
Plaza de la Canada [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 10,351,028 | | | | |
Initial Cost to Company, Building & Improvements | 24,819,026 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 331,346 | | | | |
Amount at Which Carried at Close of Period, Land | 10,351,028 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 25,150,372 | | | | |
Total | 35,501,400 | [1] | | | |
Accumulated Depreciation | 798,279 | [2],[3] | | | |
Date of Acquisition | 13-Dec-13 | [1] | | | |
Tigard Marketplace [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 13,586,729 | | | | |
Initial Cost to Company, Building & Improvements | 9,603,492 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 257,816 | | | | |
Amount at Which Carried at Close of Period, Land | 13,586,729 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 9,861,308 | | | | |
Total | 23,448,037 | [1],[2] | | | |
Accumulated Depreciation | 386,341 | [1],[2],[3] | | | |
Date of Acquisition | 18-Feb-14 | | | | |
Creekside Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 14,806,966 | | | | |
Initial Cost to Company, Building & Improvements | 29,475,850 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 8,024 | | | | |
Amount at Which Carried at Close of Period, Land | 14,806,966 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 29,483,874 | | | | |
Total | 44,290,840 | [1],[2] | | | |
Accumulated Depreciation | 918,875 | [1],[2],[3] | | | |
Date of Acquisition | 28-Feb-14 | | | | |
North Park Plaza [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 13,592,522 | | | | |
Initial Cost to Company, Building & Improvements | 17,733,266 | | | | |
Amount at Which Carried at Close of Period, Land | 13,592,522 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 17,733,266 | | | | |
Total | 31,325,788 | [1],[2] | | | |
Accumulated Depreciation | 355,356 | [1],[2],[3] | | | |
Date of Acquisition | 30-Apr-14 | | | | |
Aurora Square II [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 6,861,740 | | | | |
Initial Cost to Company, Building & Improvements | 9,797,749 | | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 4,113 | | | | |
Amount at Which Carried at Close of Period, Land | 6,861,740 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 9,801,862 | | | | |
Total | 16,663,602 | [1],[2] | | | |
Accumulated Depreciation | 249,028 | [1],[2],[3] | | | |
Date of Acquisition | 22-May-14 | | | | |
Fallbrook Shopping Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Encumbrances | | [4] | | | |
Initial Cost to Company, Land | 21,232,016 | [4] | | | |
Initial Cost to Company, Building & Improvements | 186,197,471 | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Land | | [4] | | | |
Cost Capitalized Subsequent to Acquisition, Building & Improvements | 2,409,052 | [4] | | | |
Amount at Which Carried at Close of Period, Land | 21,232,016 | [4] | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 188,606,523 | [4] | | | |
Total | 209,838,539 | [1],[2],[4] | | | |
Accumulated Depreciation | 3,200,972 | [1],[2],[3],[4] | | | |
Date of Acquisition | 13-Jun-14 | [4] | | | |
Moorpark Town Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 7,062,639 | | | | |
Initial Cost to Company, Building & Improvements | 19,693,955 | | | | |
Amount at Which Carried at Close of Period, Land | 7,062,639 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 19,693,955 | | | | |
Total | 26,756,594 | [1],[2] | | | |
Accumulated Depreciation | 44,277 | [1],[2],[3] | | | |
Date of Acquisition | 3-Dec-14 | | | | |
Mission Foothill Marketplace [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 11,414,592 | | | | |
Initial Cost to Company, Building & Improvements | 17,782,506 | | | | |
Amount at Which Carried at Close of Period, Land | 11,414,592 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 17,782,506 | | | | |
Total | 29,197,098 | [1],[2] | | | |
Accumulated Depreciation | 38,956 | [1],[2],[3] | | | |
Date of Acquisition | 4-Dec-14 | | | | |
Wilsonville Town Center [Member] | | | | | |
Real Estate Properties [Line Items] | | | | | |
Initial Cost to Company, Land | 10,339,839 | | | | |
Initial Cost to Company, Building & Improvements | 27,116,367 | | | | |
Amount at Which Carried at Close of Period, Land | 10,339,839 | | | | |
Amount at Which Carried at Close of Period, Building & Improvements | 27,116,367 | | | | |
Total | 37,456,206 | [1],[2] | | | |
Accumulated Depreciation | $47,007 | [1],[2],[3] | | | |
Date of Acquisition | 11-Dec-14 | | | | |
|
[1] | RECONCILIATION OF REAL ESTATE - OWNED SUBJECT TO OPERATING LEASESYear Ended December 31,2014 2013 2012Balance at beginning of period: $ 1,372,433,648 $ 871,693,595 $ 580,832,410Property improvements during the year 27,514,974 19,513,924 12,264,027Properties acquired during the year 416,297,696 487,309,488 278,597,158Properties sold during the year (23,675,678) (6,083,359) -Assets written off during the year (6,672,334) - -Balance at end of period: $ 1,785,898,306 $ 1,372,433,648 $ 871,693,595 |
[2] | Depreciation and investments in building and improvements reflected in the consolidated statement of operations is calculated over the estimated useful life of the assets as follows:Building: 39-40 yearsProperty Improvements: 10-20 years |
[3] | RECONCILIATION OF ACCUMULATED DEPRECIATIONYear Ended December 31,2014 2013 2012Balance at beginning of period: $ 57,499,980 $ 32,364,772 $ 14,451,032Depreciation expenses 38,890,425 25,653,359 17,913,740Properties sold during the year (2,081,460) (433,342) -Property assets fully depreciated and written off (6,135,611) (84,809) -Balance at end of period: $ 88,173,334 $ 57,499,980 $ 32,364,772 |
[4] | Property is subject to a ground lease. |