10-K Filing

STERLING REAL ESTATE TRUST CIK: 1412502 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-143152`
Period End Date	20111231
Filing Date	20120330
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	inre-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 58 Cash Flow Statement 116 Stockholders Equity 24

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accumulated amortization on financing cost	`AccumulatedAmortizationDeferredFinanceCosts`	$559.02K	USD	Point-in-time
Accumulated amortization on financing cost	`AccumulatedAmortizationDeferredFinanceCosts`	$1.01M	USD	Point-in-time
PROPERTY AND EQUIPMENT, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$355.66M	USD	Point-in-time
Accumulated amortization on rent incentive	`AccumulatedAmortizationOnRentIncentive`	$216.67K	USD	Point-in-time
Accumulated amortization on rent incentive	`AccumulatedAmortizationOnRentIncentive`	$116.67K	USD	Point-in-time
PROPERTY AND EQUIPMENT, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$312.57M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$953.48K	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.66M	USD	Point-in-time
CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	USD	Point-in-time
RESTRICTED DEPOSITS AND FUNDED RESERVES	`OtherRestrictedAssets`	$5.81M	USD	Point-in-time
RESTRICTED DEPOSITS AND FUNDED RESERVES	`OtherRestrictedAssets`	$3.40M	USD	Point-in-time
INVESTMENT IN UNCONSOLIDATED AFFILIATES	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
INVESTMENT IN UNCONSOLIDATED AFFILIATES	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.51M	USD	Point-in-time
DUE FROM RELATED PARTY	`DueFromRelatedParties`	$367.64K	USD	Point-in-time
DUE FROM RELATED PARTY	`DueFromRelatedParties`	$350.71K	USD	Point-in-time
RECEIVABLES	`AccountsReceivableNet`	$2.20M	USD	Point-in-time
RECEIVABLES	`AccountsReceivableNet`	$2.63M	USD	Point-in-time
PREPAID EXPENSES	`PrepaidExpenseCurrentAndNoncurrent`	$474.60K	USD	Point-in-time
PREPAID EXPENSES	`PrepaidExpenseCurrentAndNoncurrent`	$709.06K	USD	Point-in-time
NOTES RECEIVABLE	`NotesReceivableNet`	$1.92M	USD	Point-in-time
NOTES RECEIVABLE	`NotesReceivableNet`	$1.81M	USD	Point-in-time
FINANCING COSTS, less accumulated amortization of $1,011,602 in 2011 and $559,017 in 2010	`DeferredFinanceCostsNet`	$2.36M	USD	Point-in-time
FINANCING COSTS, less accumulated amortization of $1,011,602 in 2011 and $559,017 in 2010	`DeferredFinanceCostsNet`	$1.71M	USD	Point-in-time
ASSETS HELD FOR SALE	`AssetsHeldForSaleAtCarryingValue`	$1.12M	USD	Point-in-time
ASSETS HELD FOR SALE	`AssetsHeldForSaleAtCarryingValue`	$449.73K	USD	Point-in-time
RENT INCENTIVE, less accumulated amortization of $216,667 in 2011 and $116,667 in 2010	`IncentiveToLessee`	$1.28M	USD	Point-in-time
RENT INCENTIVE, less accumulated amortization of $216,667 in 2011 and $116,667 in 2010	`IncentiveToLessee`	$1.38M	USD	Point-in-time
INTANGIBLE ASSETS, less accumulated amortization of $1,660,688 in 2011 and $953,481 in 2010	`IntangibleAssetsNetExcludingGoodwill`	$6.29M	USD	Point-in-time
INTANGIBLE ASSETS, less accumulated amortization of $1,660,688 in 2011 and $953,481 in 2010	`IntangibleAssetsNetExcludingGoodwill`	$7.18M	USD	Point-in-time
OTHER ASSETS	`OtherAssets`	$145.20K	USD	Point-in-time
OTHER ASSETS	`OtherAssets`	$724.23K	USD	Point-in-time
Total assets	`Assets`	$381.27M	USD	Point-in-time
Total assets	`Assets`	$343.98M	USD	Point-in-time
MORTGAGE NOTES PAYABLE	`MortgageNotesPayable`	$217.48M	USD	Point-in-time
MORTGAGE NOTES PAYABLE	`MortgageNotesPayable`	$192.17M	USD	Point-in-time
NOTES PAYABLE	`NotesPayableCurrent`	$8.00M	USD	Point-in-time
NOTES PAYABLE	`NotesPayableCurrent`	-	USD	Point-in-time
SPECIAL ASSESSMENTS PAYABLE	`SpecialAssessmentBond`	$1.57M	USD	Point-in-time
SPECIAL ASSESSMENTS PAYABLE	`SpecialAssessmentBond`	$1.58M	USD	Point-in-time
DIVIDENDS PAYABLE	`DividendsPayableCurrentAndNoncurrent`	$2.61M	USD	Point-in-time
DIVIDENDS PAYABLE	`DividendsPayableCurrentAndNoncurrent`	$2.95M	USD	Point-in-time
DUE TO RELATED PARTY	`DueToRelatedPartiesCurrentAndNoncurrent`	$66.73K	USD	Point-in-time
DUE TO RELATED PARTY	`DueToRelatedPartiesCurrentAndNoncurrent`	$544.99K	USD	Point-in-time
TENANT SECURITY DEPOSITS PAYABLE	`SecurityDepositLiability`	$1.21M	USD	Point-in-time
TENANT SECURITY DEPOSITS PAYABLE	`SecurityDepositLiability`	$1.53M	USD	Point-in-time
INVESTMENT CERTIFICATES	`InvestmentCertificates`	$2.46M	USD	Point-in-time
INVESTMENT CERTIFICATES	`InvestmentCertificates`	$1.44M	USD	Point-in-time
UNFAVORABLE LEASES, net	`OffMarketLeaseUnfavorable`	$583.35K	USD	Point-in-time
UNFAVORABLE LEASES, net	`OffMarketLeaseUnfavorable`	$519.30K	USD	Point-in-time
ACCOUNTS PAYABLE - TRADE	`AccountsPayableTradeCurrentAndNoncurrent`	$9.15K	USD	Point-in-time
ACCOUNTS PAYABLE - TRADE	`AccountsPayableTradeCurrentAndNoncurrent`	$152.83K	USD	Point-in-time
LIABILITIES RELATED TO ASSETS HELD FOR SALE	`LiabilitiesOfAssetsHeldForSale`	$6.32K	USD	Point-in-time
LIABILITIES RELATED TO ASSETS HELD FOR SALE	`LiabilitiesOfAssetsHeldForSale`	$48.06K	USD	Point-in-time
FAIR VALUE OF INTEREST RATE SWAP	`InterestRateDerivativeLiabilitiesAtFairValue`	$194.50K	USD	Point-in-time
FAIR VALUE OF INTEREST RATE SWAP	`InterestRateDerivativeLiabilitiesAtFairValue`	$452.59K	USD	Point-in-time
DEFERRED INSURANCE PROCEEDS	`OtherDeferredCreditsCurrent`	$6.82K	USD	Point-in-time
DEFERRED INSURANCE PROCEEDS	`OtherDeferredCreditsCurrent`	$49.19K	USD	Point-in-time
ACCRUED EXPENSES	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.96M	USD	Point-in-time
ACCRUED EXPENSES	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$204.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.04M	USD	Point-in-time
COMMITMENTS - Note 15	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS - Note 15	`CommitmentsAndContingencies`	-	USD	Point-in-time
NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	`MinorityInterestInOperatingPartnerships`	$105.01M	USD	Point-in-time
NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	`MinorityInterestInOperatingPartnerships`	$108.54M	USD	Point-in-time
BENEFICIAL INTEREST	`CommonStockValueOutstanding`	$34.85M	USD	Point-in-time
BENEFICIAL INTEREST	`CommonStockValueOutstanding`	$36.14M	USD	Point-in-time
ACCUMULATED COMPREHENSIVE LOSS	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.50K	USD	Point-in-time
ACCUMULATED COMPREHENSIVE LOSS	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-452.59K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.85M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$343.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$381.27M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
INCOME FROM RENTAL OPERATIONS	`RealEstateRevenueNet`	$49.32M	USD	Annual
INCOME FROM RENTAL OPERATIONS	`RealEstateRevenueNet`	$43.44M	USD	Annual
Interest	`FinancingInterestExpense`	$11.63M	USD	Annual
Interest	`FinancingInterestExpense`	$12.03M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.01M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$10.25M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$4.82M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$5.57M	USD	Annual
Property management fees	`OwnedPropertyManagementCosts`	$3.34M	USD	Annual
Property management fees	`OwnedPropertyManagementCosts`	$3.85M	USD	Annual
Utilities	`CostOfUtilities`	$3.31M	USD	Annual
Utilities	`CostOfUtilities`	$2.96M	USD	Annual
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$4.76M	USD	Annual
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$4.15M	USD	Annual
Insurance	`RealEstateInsurance`	$798.78K	USD	Annual
Insurance	`RealEstateInsurance`	$668.32K	USD	Annual
Administrative	`OtherSellingGeneralAndAdministrativeExpense`	$82.97K	USD	Annual
Administrative	`OtherSellingGeneralAndAdministrativeExpense`	$88.77K	USD	Annual
Total expenses from rental operations	`CostOfRealEstateRevenue`	$40.66M	USD	Annual
Total expenses from rental operations	`CostOfRealEstateRevenue`	$36.67M	USD	Annual
Administrative expenses	`GeneralAndAdministrativeExpense`	$50.49K	USD	Annual
Administrative expenses	`GeneralAndAdministrativeExpense`	$51.44K	USD	Annual
Advisory fees	`ServiceManagementCosts`	$764.92K	USD	Annual
Advisory fees	`ServiceManagementCosts`	$683.84K	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$794.12K	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$430.40K	USD	Annual
Director fees	`TrusteeFees`	$41.60K	USD	Annual
Director fees	`TrusteeFees`	$41.40K	USD	Annual
Legal and accounting	`ProfessionalFees`	$333.46K	USD	Annual
Legal and accounting	`ProfessionalFees`	$641.13K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$263.57K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$363.00K	USD	Annual
Total administration of reit	`SellingGeneralAndAdministrativeExpense`	$1.90M	USD	Annual
Total administration of reit	`SellingGeneralAndAdministrativeExpense`	$2.56M	USD	Annual
Total expenses	`OperatingExpenses`	$38.58M	USD	Annual
Total expenses	`OperatingExpenses`	$43.22M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$4.86M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$6.10M	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$64.11K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$239.03K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$250.06K	USD	Annual
Insurance proceeds	`InsuranceRecoveries`	$38.90K	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$100.00K	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$608.50K	USD	Annual
Total other income	`OtherIncome`	$897.46K	USD	Annual
Total other income	`OtherIncome`	$403.13K	USD	Annual
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.76M	USD	Annual
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.50M	USD	Annual
DISCONTINUED OPERATIONS - NOTE 16	`GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes`	$1.85M	USD	Annual
DISCONTINUED OPERATIONS - NOTE 16	`GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes`	$116.44K	USD	Annual
NET INCOME	`ProfitLoss`	$6.62M	USD	Annual
NET INCOME	`ProfitLoss`	$7.61M	USD	Annual
NET INCOME ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.74M	USD	Annual
NET INCOME ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.89M	USD	Annual
NET INCOME ATTRIBUTABLE TO INREIT REAL ESTATE INVESTMENT TRUST	`NetIncomeLoss`	$1.73M	USD	Annual
NET INCOME ATTRIBUTABLE TO INREIT REAL ESTATE INVESTMENT TRUST	`NetIncomeLoss`	$1.87M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.46	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.59	USD	Annual

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$6.62M	USD	Annual
Net income	`ProfitLoss`	$7.61M	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.99M	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$366.99K	USD	Annual
Loss on sale of property and equipment	`LossOnSaleOfPropertyAndEquipment`	$-66.92K	USD	Annual
Gain due to insurance proceeds	`GainLossDueToInsuranceProceeds`	$-38.90K	USD	Annual
Bargain purchase on business combinations	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$100.00K	USD	Annual
Bargain purchase on business combinations	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$608.50K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$263.57K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$363.00K	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$64.11K	USD	Annual
Depreciation	`Depreciation`	$8.93M	USD	Annual
Depreciation	`Depreciation`	$8.34M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.39M	USD	Annual
Amortization	`AdjustmentForAmortization`	$907.71K	USD	Annual
Tenant security deposits	`IncreaseDecreaseInSecurityDeposits`	$-238.18K	USD	Annual
Tenant security deposits	`IncreaseDecreaseInSecurityDeposits`	$-155.09K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$16.93K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-572.05K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$441.96K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$620.99K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$234.46K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$32.99K	USD	Annual
Rent Incentive	`IncreaseDecreaseInRentIncentive`	-	USD	Annual
Rent Incentive	`IncreaseDecreaseInRentIncentive`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$60.23K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$579.03K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-166.36K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.70K	USD	Annual
Tenant security deposits payable	`IncreaseDecreaseInSecurityDepositPayable`	$-142.33K	USD	Annual
Tenant security deposits payable	`IncreaseDecreaseInSecurityDepositPayable`	$-316.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-143.68K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$140.06K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$163.03K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$130.08K	USD	Annual
NET CASH FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$14.70M	USD	Annual
NET CASH FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.40M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.00M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.22M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.59M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.64M	USD	Annual
Due to related party for acquisition fees	`DueToRelatedPartyForAcquisitionFees`	$-172.54K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.83M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.62M	USD	Annual
Investment in unconsolidated affiliates	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	$272.66K	USD	Annual
Distributions received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$17.50K	USD	Annual
Insurance proceeds received	`ProceedsFromInsuranceSettlementInvestingActivities`	$414.46K	USD	Annual
Proceeds from lease buyout	`ProceedsFromLeaseBuyout`	$410.00K	USD	Annual
Real estate tax and insurance escrows	`RealEstateTaxAndInsuranceEscrows`	$-521.77K	USD	Annual
Real estate tax and insurance escrows	`RealEstateTaxAndInsuranceEscrows`	$-20.04K	USD	Annual
Notes receivable payments received	`ProceedsFromCollectionOfNotesReceivable`	$54.06K	USD	Annual
Notes receivable payments received	`ProceedsFromCollectionOfNotesReceivable`	$48.82K	USD	Annual
Notes receivable issued for tenant improvements	`NotesReceivableIssuedForTenantImprovements`	$33.00K	USD	Annual
Proceeds from sale of securities	`GainLossOnSaleOfInvestments`	-	USD	Annual
Proceeds from sale of securities	`GainLossOnSaleOfInvestments`	-	USD	Annual
Deferred insurance proceeds	`DeferredInsuranceProceedsInvestingActivities`	$142.06K	USD	Annual
Deferred insurance proceeds	`DeferredInsuranceProceedsInvestingActivities`	$-42.37K	USD	Annual
Net payments from (deposits to) replacement reserve	`NetPaymentsFromDepositsToReplacementReserve`	$-308.33K	USD	Annual
Net payments from (deposits to) replacement reserve	`NetPaymentsFromDepositsToReplacementReserve`	$156.38K	USD	Annual
Net payments from exchange escrow	`NetPaymentsFromExchangeEscrow`	$-2.31M	USD	Annual
Net payments from exchange escrow	`NetPaymentsFromExchangeEscrow`	$1.66M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-17.45M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.50M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.30M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$667.02K	USD	Annual
Proceeds from investment certificates issued	`ProceedsFromInvestmentCertificatesIssued`	$2.24M	USD	Annual
Payments on investment certificates	`PaymentsOnInvestmentCertificates`	$1.01M	USD	Annual
Payments on investment certificates	`PaymentsOnInvestmentCertificates`	$254.50K	USD	Annual
Principal payments on special assessments payable	`PrincipalPaymentsOnSpecialAssessmentsPayable`	$205.53K	USD	Annual
Principal payments on special assessments payable	`PrincipalPaymentsOnSpecialAssessmentsPayable`	$169.33K	USD	Annual
Proceeds from issuance of mortgage notes payable	`ProceedsFromIssuanceOfMortgageNotesPayable`	$21.72M	USD	Annual
Proceeds from issuance of mortgage notes payable	`ProceedsFromIssuanceOfMortgageNotesPayable`	$7.97M	USD	Annual
Principal payments on mortgage notes payable	`PrincipalPaymentsOnMortgageNotesPayable`	$12.77M	USD	Annual
Principal payments on mortgage notes payable	`PrincipalPaymentsOnMortgageNotesPayable`	$17.38M	USD	Annual
Net change in short-term notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$8.00M	USD	Annual
Payments on construction payable	`RepaymentsOfConstructionLoansPayable`	$332.12K	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$10.69M	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$2.08M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$2.52M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$3.47M	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	$8.49M	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	$9.46M	USD	Annual
Payment of syndication costs	`PaymentOfSyndicationCosts`	$739.52K	USD	Annual
Payment of syndication costs	`PaymentOfSyndicationCosts`	$580.32K	USD	Annual
NET CASH FLOWS USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$4.06M	USD	Annual
NET CASH FLOWS USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-10.72M	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.82M	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.31M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$12.02M	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$12.00M	USD	Annual
Distributions reinvested	`DistributionsReinvested`	$1.83M	USD	Annual
Distributions reinvested	`DistributionsReinvested`	$1.45M	USD	Annual
Distributions declared and not paid	`DistributionsDeclaredAndNotPaid`	$763.99K	USD	Annual
Distributions declared and not paid	`DistributionsDeclaredAndNotPaid`	$693.55K	USD	Annual
UPREIT distributions declared and not paid	`UpreitDistributionsDeclaredAndNotPaid`	$1.91M	USD	Annual
UPREIT distributions declared and not paid	`UpreitDistributionsDeclaredAndNotPaid`	$2.18M	USD	Annual
UPREIT units converted to REIT common shares	`UpreitUnitsConvertedToReitCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities`	$625.96K	USD	Annual
UPREIT units converted to REIT common shares	`UpreitUnitsConvertedToReitCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities`	$2.29M	USD	Annual
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT	`AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares`	$7.83M	USD	Annual
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT	`AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares`	$9.66M	USD	Annual
Mortgage assumed on sale of property	`MortgageLoanRelatedToPropertySales1`	$5.61M	USD	Annual
Acquisition of assets through assumption of debt and property purchased with financing	`AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing`	$30.11M	USD	Annual
Acquisition of assets through assumption of debt and property purchased with financing	`AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing`	$2.48M	USD	Annual
Acquisition of assets included in payables	`AcquisitionOfAssetsIncludedInPayables`	-	USD	Annual
Acquisition of assets included in payables	`AcquisitionOfAssetsIncludedInPayables`	-	USD	Annual
Increase in land improvements due to increase in special assessments payable	`IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable`	$161.00K	USD	Annual
Increase in land improvements due to increase in special assessments payable	`IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable`	$240.53K	USD	Annual
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnInterestRateSwap`	$26.17K	USD	Annual
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnInterestRateSwap`	$258.09K	USD	Annual
Acquisition of assets with reduction of notes receivable	`AcquisitionOfAssetsWithReductionOfNotesReceivable`	$89.35K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.85M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$2.08M	USD	Annual
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$10.69M	USD	Annual
Contribution of assets in exchange for the issuance of noncontrolling interest share	`MinorityInterestIncreaseFromStockIssuance`	$7.83M	USD	Annual
Contribution of assets in exchange for the issuance of noncontrolling interest share	`MinorityInterestIncreaseFromStockIssuance`	$9.66M	USD	Annual
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$2.52M	USD	Annual
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$3.47M	USD	Annual
Dividends	`DividendsValue`	$7.57M	USD	Annual
Dividends	`DividendsValue`	$8.69M	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$2.95M	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$2.61M	USD	Annual
Dividends reinvested - stock dividend	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.83M	USD	Annual
Dividends reinvested - stock dividend	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.45M	USD	Annual
Syndication costs	`SyndicationCosts`	$-268.42K	USD	Annual
Syndication costs	`SyndicationCosts`	$-1.05M	USD	Annual
Decrease in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-26.17K	USD	Annual
Decrease in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-258.09K	USD	Annual
Net income	`ProfitLoss`	$6.62M	USD	Annual
Net income	`ProfitLoss`	$7.61M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.85M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.23M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.