Annual report pursuant to section 13 and 15(d)

Schedule III - Real Estate and Accumulated Depreciation (Detail)

v2.4.0.8
Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Balance at beginning of period $ 46,637,221 $ 15,774,838
Initial cost of land 26,685,830  
Acquisitions 59,487,722 30,815,046
Initial cost of building and improvements 77,635,444  
Improvements 707,090 47,337
Costs Capitalized Subsequent to Acquisition, improvements (net) 2,510,759  
Balance at end of period 106,832,033 46,637,221
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 26,828,228  
Gross amount at which building and improvements at end of period 80,003,805  
Total gross amount at which carried at end of period 106,832,033 46,637,221
Accumulated Depreciation 5,059,698  
Amscot Building [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land     
Initial cost of building and improvements 461,700  
Costs Capitalized Subsequent to Acquisition, improvements (net) 31,128  
Balance at end of period 492,828  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period     
Gross amount at which building and improvements at end of period 492,828  
Total gross amount at which carried at end of period 492,828  
Accumulated Depreciation 148,182  
Date of Construction May 15, 2004  
Amscot Building [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years  
Amscot Building [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years  
Harps at Harbor Point [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 1,093,507  
Initial cost of building and improvements 2,891,853  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 3,985,360  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 1,093,507  
Gross amount at which building and improvements at end of period 2,891,853  
Total gross amount at which carried at end of period 3,985,360  
Accumulated Depreciation 99,856 [1]  
Date Acquired Dec. 14, 2012 [1]  
Harps at Harbor Point [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [1]  
Harps at Harbor Point [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [1]  
Lumber River Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 800,413  
Initial cost of building and improvements 4,486,787  
Costs Capitalized Subsequent to Acquisition, improvements (net) 142,398  
Balance at end of period 5,429,598  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 942,811  
Gross amount at which building and improvements at end of period 4,486,787  
Total gross amount at which carried at end of period 5,429,598  
Accumulated Depreciation 210,788 [2]  
Date Acquired Nov. 16, 2012 [2]  
Lumber River Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [2]  
Lumber River Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [2]  
Monarch Bank Building [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 496,591  
Initial cost of building and improvements 1,908,659  
Costs Capitalized Subsequent to Acquisition, improvements (net) 77,704  
Balance at end of period 2,482,954  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 496,591  
Gross amount at which building and improvements at end of period 1,986,364  
Total gross amount at which carried at end of period 2,482,954  
Accumulated Depreciation 902,774 [3]  
Date Acquired Dec. 28, 2007 [3]  
Monarch Bank Building [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [3]  
Monarch Bank Building [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [3]  
Perimeter Square [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 1,566,431  
Initial cost of building and improvements 5,081,193  
Costs Capitalized Subsequent to Acquisition, improvements (net) 109,828  
Balance at end of period 6,757,452  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 1,566,431  
Gross amount at which building and improvements at end of period 5,191,021  
Total gross amount at which carried at end of period 6,757,452  
Accumulated Depreciation 220,411 [4]  
Date Acquired Nov. 16, 2012 [4]  
Perimeter Square [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [4]  
Perimeter Square [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [4]  
Riversedge North [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 909,898  
Initial cost of building and improvements 2,207,571  
Costs Capitalized Subsequent to Acquisition, improvements (net) 188,514  
Balance at end of period 3,305,984  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 909,898  
Gross amount at which building and improvements at end of period 2,396,085  
Total gross amount at which carried at end of period 3,305,984  
Accumulated Depreciation 745,840 [5]  
Date of Construction Apr. 17, 2008 [5]  
Riversedge North [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [5]  
Riversedge North [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [5]  
Surrey Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 380,731  
Initial cost of building and improvements 1,856,515  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 2,237,246  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 380,731  
Gross amount at which building and improvements at end of period 1,856,515  
Total gross amount at which carried at end of period 2,237,246  
Accumulated Depreciation 83,827  
Date Acquired Dec. 21, 2012  
Surrey Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years  
Surrey Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years  
Shoppes at TJ Maxx [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 2,115,119  
Initial cost of building and improvements 6,719,386  
Costs Capitalized Subsequent to Acquisition, improvements (net) 92,000  
Balance at end of period 8,926,505  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 2,115,119  
Gross amount at which building and improvements at end of period 6,811,386  
Total gross amount at which carried at end of period 8,926,505  
Accumulated Depreciation 289,713 [6]  
Date Acquired Nov. 16, 2012 [6]  
Shoppes at TJ Maxx [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [6]  
Shoppes at TJ Maxx [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [6]  
Shoppes at Eagle Harbor [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 785,040  
Initial cost of building and improvements 4,219,464  
Costs Capitalized Subsequent to Acquisition, improvements (net) 232,211  
Balance at end of period 5,236,715  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 785,040  
Gross amount at which building and improvements at end of period 4,451,675  
Total gross amount at which carried at end of period 5,236,715  
Accumulated Depreciation 625,227 [7]  
Date of Construction Sep. 09, 2008 [7]  
Shoppes at Eagle Harbor [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [7]  
Shoppes at Eagle Harbor [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [7]  
Twin City Commons [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 800,272  
Initial cost of building and improvements 3,040,956  
Costs Capitalized Subsequent to Acquisition, improvements (net) 4,233  
Balance at end of period 3,845,461  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 800,272  
Gross amount at which building and improvements at end of period 3,045,189  
Total gross amount at which carried at end of period 3,845,461  
Accumulated Depreciation 103,301 [8]  
Date Acquired Dec. 18, 2012 [8]  
Twin City Commons [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [8]  
Twin City Commons [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [8]  
Walnut Hill Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 733,748  
Initial cost of building and improvements 2,413,832  
Costs Capitalized Subsequent to Acquisition, improvements (net) 1,315,497  
Balance at end of period 4,463,077  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 733,748  
Gross amount at which building and improvements at end of period 3,729,329  
Total gross amount at which carried at end of period 4,463,077  
Accumulated Depreciation 1,222,339 [9]  
Date Acquired Dec. 14, 2007 [9]  
Walnut Hill Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [9]  
Walnut Hill Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [9]  
Bixby Commons [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 2,134,152  
Initial cost of building and improvements 6,791,995  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 8,926,147  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 2,134,152  
Gross amount at which building and improvements at end of period 6,791,995  
Total gross amount at which carried at end of period 8,926,147  
Accumulated Depreciation 136,857 [10]  
Date Acquired Jun. 11, 2013 [10]  
Bixby Commons [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [10]  
Bixby Commons [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [10]  
Tampa Festival [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 4,653,354  
Initial cost of building and improvements 6,691,097  
Costs Capitalized Subsequent to Acquisition, improvements (net) 147,166  
Balance at end of period 11,491,617  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 4,653,354  
Gross amount at which building and improvements at end of period 6,838,263  
Total gross amount at which carried at end of period 11,491,617  
Accumulated Depreciation 86,255 [11]  
Date Acquired Aug. 26, 2013 [11]  
Tampa Festival [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [11]  
Tampa Festival [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [11]  
Forrest Gallery [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 3,015,372  
Initial cost of building and improvements 7,454,580  
Costs Capitalized Subsequent to Acquisition, improvements (net) 170,080  
Balance at end of period 10,640,032  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 3,015,372  
Gross amount at which building and improvements at end of period 7,624,660  
Total gross amount at which carried at end of period 10,640,032  
Accumulated Depreciation 100,314 [12]  
Date Acquired Aug. 29, 2013 [12]  
Forrest Gallery [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [12]  
Forrest Gallery [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [12]  
Jenks Reasors [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 1,796,860  
Initial cost of building and improvements 8,339,838  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 10,136,698  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 1,796,860  
Gross amount at which building and improvements at end of period 8,339,838  
Total gross amount at which carried at end of period 10,136,698  
Accumulated Depreciation 63,794 [13]  
Date Acquired Sep. 25, 2013 [13]  
Jenks Reasors [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [13]  
Jenks Reasors [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [13]  
Starbucks/Verizon [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land     
Initial cost of building and improvements 1,137,971  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 1,137,971  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period     
Gross amount at which building and improvements at end of period 1,137,971  
Total gross amount at which carried at end of period 1,137,971  
Accumulated Depreciation 8,090 [14]  
Date Acquired Oct. 21, 2013 [14]  
Starbucks/Verizon [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [14]  
Starbucks/Verizon [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [14]  
Jenks Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 498,260  
Initial cost of building and improvements 917,898  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 1,416,158  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 498,260  
Gross amount at which building and improvements at end of period 917,898  
Total gross amount at which carried at end of period 1,416,158  
Accumulated Depreciation 872  
Date Acquired Dec. 17, 2013  
Jenks Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years  
Jenks Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years  
Winslow Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 1,324,983  
Initial cost of building and improvements 3,684,286  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 5,009,269  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 1,324,983  
Gross amount at which building and improvements at end of period 3,684,286  
Total gross amount at which carried at end of period 5,009,269  
Accumulated Depreciation 3,540 [15]  
Date Acquired Dec. 19, 2013 [15]  
Winslow Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [15]  
Winslow Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [15]  
Clover Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 356,338  
Initial cost of building and improvements 1,196,704  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 1,553,042  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 356,338  
Gross amount at which building and improvements at end of period 1,196,704  
Total gross amount at which carried at end of period 1,553,042  
Accumulated Depreciation 1,267 [16]  
Date Acquired Dec. 23, 2013 [16]  
Clover Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [16]  
Clover Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [16]  
St George Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 705,645  
Initial cost of building and improvements 1,264,212  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 1,969,857  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 705,645  
Gross amount at which building and improvements at end of period 1,264,212  
Total gross amount at which carried at end of period 1,969,857  
Accumulated Depreciation 1,309 [17]  
Date Acquired Dec. 23, 2013 [17]  
St George Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [17]  
St George Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [17]  
South Square [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 352,587  
Initial cost of building and improvements 1,911,330  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 2,263,917  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 352,587  
Gross amount at which building and improvements at end of period 1,911,330  
Total gross amount at which carried at end of period 2,263,917  
Accumulated Depreciation 2,038 [18]  
Date Acquired Dec. 23, 2013 [18]  
South Square [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [18]  
South Square [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [18]  
Westland Square [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 886,829  
Initial cost of building and improvements 1,709,665  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 2,596,494  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 886,829  
Gross amount at which building and improvements at end of period 1,709,665  
Total gross amount at which carried at end of period 2,596,494  
Accumulated Depreciation 1,804 [19]  
Date Acquired Dec. 23, 2013 [19]  
Westland Square [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [19]  
Westland Square [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [19]  
Waterway Plaza [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Initial cost of land 1,279,700  
Initial cost of building and improvements 1,247,952  
Costs Capitalized Subsequent to Acquisition, improvements (net)     
Balance at end of period 2,527,652  
Costs Capitalized Subsequent to Acquisition, carrying costs     
Gross amount at which land is carried at end of period 1,279,700  
Gross amount at which building and improvements at end of period 1,247,952  
Total gross amount at which carried at end of period 2,527,652  
Accumulated Depreciation $ 1,300 [20]  
Date Acquired Dec. 23, 2013 [20]  
Waterway Plaza [Member] | Minimum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 5 years [20]  
Waterway Plaza [Member] | Maximum [Member]
    
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]    
Depreciation Life 40 years [20]  
[1] This property secures a $3.33 million mortgage note.
[2] This property secures a $2.98 million mortgage note.
[3] This property secures a $1.48 million mortgage note.
[4] This property secures a $4.42 million mortgage note.
[5] This property secures a $2.06 million mortgage note.
[6] This property secures a $6.41 million mortgage note.
[7] This property secures a $3.90 million mortgage note.
[8] This property secures a $3.30 million mortgage note.
[9] This property secures a $3.46 million mortgage note.
[10] This property secures a $6.70 million mortgage note.
[11] This property secures a $8.86 million mortgage note.
[12] This property secures a $9.07 million mortgage note.
[13] This property secures a $8.55 million mortgage note.
[14] This property secures a $621,000 mortgage note.
[15] This property secures a $5.00 million mortgage note.
[16] This property secures a $2.10 million mortgage note.
[17] This property secures a $2.65 million mortgage note.
[18] This property secures a $2.16 million mortgage note.
[19] This property secures a $2.76 million mortgage note.
[20] This property secures a $2.70 million mortgage note.