Quarterly report pursuant to sections 13 or 15(d)

Organization and Basis of Presentation and Consolidation - Additional Information (Detail)

v2.4.0.6
Organization and Basis of Presentation and Consolidation - Additional Information (Detail) (USD $)
1 Months Ended 9 Months Ended
Nov. 30, 2012
Sep. 30, 2012
Property
Center
sqft
Buildings
Nov. 16, 2012
Oct. 23, 2012
Dec. 31, 2011
Real Estate Activity [Line Items]          
Price of common stock     $ 5.25 $ 5.25  
Selling of common stock      3,016,045     
Gross proceeds $ 15,830,000        
Cover offering expenses   2,540,000      
Cash-out prior investors   4,180,000      
Controlling interests   5      
Noncontrolling interests   3      
Percentage of Mr. Wheeler properties   50.00%      
Common units issued to PSF Entities for contributing their interest   916,923      
value of equity interest paid to PSF Entities for contributing their interest   2,980,000      
Number of retail shopping centers expected to be part of portfolio   5      
Number of retail Properties expected to be part of portfolio   2      
Number of Office Buildings expected to be part of portfolio   1      
Total net rentable space in Company's portfolio when combined with the PSF Entities   348,490      
Occupancy level   92.00%      
Stock Options [Member]
         
Real Estate Activity [Line Items]          
Purchase of common stock share   500,000      
Percentage of option rate   20.00%      
Option rate   5 years      
Shoppes at Eagle Harbor [Member]
         
Real Estate Activity [Line Items]          
Net proceeds   1,780,000      
Amscot Building [Member]
         
Real Estate Activity [Line Items]          
Outstanding indebtedness   $ 322,000      
Virginia [Member]
         
Real Estate Activity [Line Items]          
Properties   5      
Florida [Member]
         
Real Estate Activity [Line Items]          
Properties   1      
North Carolina [Member]
         
Real Estate Activity [Line Items]          
Properties   1      
Oklahoma [Member]
         
Real Estate Activity [Line Items]          
Properties   1      
Jon S Wheeler [Member]
         
Real Estate Activity [Line Items]          
Percentage Ownership   50.00%      
Harrison J Perrine [Member]
         
Real Estate Activity [Line Items]          
Percentage Ownership   50.00%