10-K Filing

STERLING REAL ESTATE TRUST CIK: 1412502 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001193125-13-133935`
Period End Date	20121231
Filing Date	20130329
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	inre-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 68 Cash Flow Statement 106 Stockholders Equity 26

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accumulated amortization on financing cost	`AccumulatedAmortizationDeferredFinanceCosts`	$1.01M	USD	Point-in-time
Accumulated amortization on financing cost	`AccumulatedAmortizationDeferredFinanceCosts`	$1.56M	USD	Point-in-time
Accumulated amortization on rent incentive	`AccumulatedAmortizationOnRentIncentive`	$217.00K	USD	Point-in-time
Property and equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$355.66M	USD	Point-in-time
Property and equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$355.97M	USD	Point-in-time
Accumulated amortization on rent incentive	`AccumulatedAmortizationOnRentIncentive`	$317.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
Restricted deposits and funded reserves	`OtherRestrictedAssets`	$3.40M	USD	Point-in-time
Restricted deposits and funded reserves	`OtherRestrictedAssets`	$3.47M	USD	Point-in-time
Investment in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$4.34M	USD	Point-in-time
Investment in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.51M	USD	Point-in-time
Due from related party	`DueFromRelatedParties`	$337.00K	USD	Point-in-time
Due from related party	`DueFromRelatedParties`	$368.00K	USD	Point-in-time
Receivables	`AccountsReceivableNet`	$2.66M	USD	Point-in-time
Receivables	`AccountsReceivableNet`	$2.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$860.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$709.00K	USD	Point-in-time
Notes receivable	`NotesReceivableNet`	$4.00K	USD	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.81M	USD	Point-in-time
Financing costs, less accumulated amortization of $ 1,556,000 in 2012 and $ 1,012,000 in 2011	`DeferredFinanceCostsNet`	$2.44M	USD	Point-in-time
Financing costs, less accumulated amortization of $ 1,556,000 in 2012 and $ 1,012,000 in 2011	`DeferredFinanceCostsNet`	$2.36M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$450.00K	USD	Point-in-time
Rent incentive, less accumulated amortization of $ 317,000 in 2012 and $ 217,000 in 2011	`IncentiveToLessee`	$1.28M	USD	Point-in-time
Rent incentive, less accumulated amortization of $ 317,000 in 2012 and $ 217,000 in 2011	`IncentiveToLessee`	$1.18M	USD	Point-in-time
Intangible assets, less accumulated amortization of $ 2,606,000 in 2012 and $ 1,661,000 in 2011	`IntangibleAssetsNetExcludingGoodwill`	$9.13M	USD	Point-in-time
Intangible assets, less accumulated amortization of $ 2,606,000 in 2012 and $ 1,661,000 in 2011	`IntangibleAssetsNetExcludingGoodwill`	$7.18M	USD	Point-in-time
Other assets	`OtherAssets`	$724.00K	USD	Point-in-time
Other assets	`OtherAssets`	$145.00K	USD	Point-in-time
Total assets	`Assets`	$381.27M	USD	Point-in-time
Total assets	`Assets`	$385.10M	USD	Point-in-time
Mortgage notes payable	`MortgageNotesPayable`	$217.48M	USD	Point-in-time
Mortgage notes payable	`MortgageNotesPayable`	$208.96M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$8.00M	USD	Point-in-time
Special assessments payable	`SpecialAssessmentBond`	$1.57M	USD	Point-in-time
Special assessments payable	`SpecialAssessmentBond`	$1.64M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$2.95M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.40M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$67.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$112.00K	USD	Point-in-time
Tenant security deposits payable	`SecurityDepositLiability`	$1.53M	USD	Point-in-time
Tenant security deposits payable	`SecurityDepositLiability`	$1.76M	USD	Point-in-time
Investment certificates	`InvestmentCertificates`	$1.42M	USD	Point-in-time
Investment certificates	`InvestmentCertificates`	$1.44M	USD	Point-in-time
Unfavorable leases, net	`OffMarketLeaseUnfavorable`	$519.00K	USD	Point-in-time
Unfavorable leases, net	`OffMarketLeaseUnfavorable`	$1.19M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrentAndNoncurrent`	$114.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrentAndNoncurrent`	$9.00K	USD	Point-in-time
Liabilities related to assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$6.00K	USD	Point-in-time
Fair value of interest rate swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$492.00K	USD	Point-in-time
Fair value of interest rate swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$453.00K	USD	Point-in-time
Deferred insurance proceeds	`OtherDeferredCreditsCurrent`	$105.00K	USD	Point-in-time
Deferred insurance proceeds	`OtherDeferredCreditsCurrent`	$49.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.71M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.97M	USD	Point-in-time
Total Liabilities	`Liabilities`	$221.90M	USD	Point-in-time
Total Liabilities	`Liabilities`	$237.04M	USD	Point-in-time
Commitments - Note 17	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments - Note 17	`CommitmentsAndContingencies`	-	USD	Point-in-time
Noncontrolling interest in operating partnership	`MinorityInterestInOperatingPartnerships`	$108.54M	USD	Point-in-time
Noncontrolling interest in operating partnership	`MinorityInterestInOperatingPartnerships`	$109.17M	USD	Point-in-time
Beneficial interest	`CommonStockValueOutstanding`	$36.14M	USD	Point-in-time
Beneficial interest	`CommonStockValueOutstanding`	$54.52M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-492.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-453.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$163.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$385.10M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$381.27M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Real estate rental income	`RealEstateRevenueGross`	$45.09M	USD	Annual
Real estate rental income	`RealEstateRevenueGross`	$50.77M	USD	Annual
Tenant reimbursements	`TenantReimbursements`	$4.23M	USD	Annual
Tenant reimbursements	`TenantReimbursements`	$3.68M	USD	Annual
Total income from rental operations	`RealEstateRevenueNet`	$54.45M	USD	Annual
Total income from rental operations	`RealEstateRevenueNet`	$49.32M	USD	Annual
Interest	`FinancingInterestExpense`	$11.81M	USD	Annual
Interest	`FinancingInterestExpense`	$12.03M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$10.25M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.24M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$5.57M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$5.84M	USD	Annual
Property management fees	`OwnedPropertyManagementCosts`	$4.32M	USD	Annual
Property management fees	`OwnedPropertyManagementCosts`	$3.85M	USD	Annual
Utilities	`CostOfUtilities`	$3.31M	USD	Annual
Utilities	`CostOfUtilities`	$3.56M	USD	Annual
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$5.40M	USD	Annual
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$4.76M	USD	Annual
Insurance	`RealEstateInsurance`	$899.00K	USD	Annual
Insurance	`RealEstateInsurance`	$799.00K	USD	Annual
Total expenses from rental operations	`CostOfRealEstateRevenue`	$43.06M	USD	Annual
Total expenses from rental operations	`CostOfRealEstateRevenue`	$40.58M	USD	Annual
Administration expenses	`GeneralAndAdministrativeExpense`	$134.00K	USD	Annual
Administration expenses	`GeneralAndAdministrativeExpense`	$259.00K	USD	Annual
Advisory fees	`ServiceManagementCosts`	$1.31M	USD	Annual
Advisory fees	`ServiceManagementCosts`	$765.00K	USD	Annual
Acquisition and disposition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$735.00K	USD	Annual
Acquisition and disposition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$794.00K	USD	Annual
Trustee fees	`TrusteeFees`	$64.00K	USD	Annual
Trustee fees	`TrusteeFees`	$41.00K	USD	Annual
Legal and accounting	`ProfessionalFees`	$493.00K	USD	Annual
Legal and accounting	`ProfessionalFees`	$641.00K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$264.00K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$262.00K	USD	Annual
Total Administration of REIT	`SellingGeneralAndAdministrativeExpense`	$2.64M	USD	Annual
Total Administration of REIT	`SellingGeneralAndAdministrativeExpense`	$3.13M	USD	Annual
Total expenses	`OperatingExpenses`	$46.18M	USD	Annual
Total expenses	`OperatingExpenses`	$43.22M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$8.27M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$6.10M	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$64.00K	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$788.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$78.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$239.00K	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$100.00K	USD	Annual
Total other income	`OtherIncome`	$866.00K	USD	Annual
Total other income	`OtherIncome`	$403.00K	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.50M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.13M	USD	Annual
Discontinued operations - Note 18	`GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes`	$116.00K	USD	Annual
Net income	`ProfitLoss`	$9.13M	USD	Annual
Net income	`ProfitLoss`	$6.62M	USD	Annual
Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.42M	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`	$2.71M	USD	Annual
Net income per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.57	USD	Annual
Net income per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.46	USD	Annual
Net income	`ProfitLoss`	$9.13M	USD	Annual
Net income	`ProfitLoss`	$6.62M	USD	Annual
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap	`DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion`	$258.00K	USD	Annual
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap	`DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion`	$39.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.36M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.09M	USD	Annual
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.40M	USD	Annual
Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.70M	USD	Annual
Comprehensive income attributable to INREIT Real Estate Investment Trust	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.66M	USD	Annual
Comprehensive income attributable to INREIT Real Estate Investment Trust	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.70M	USD	Annual

Cash Flow Statement 106 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.13M	USD	Annual
Net income	`ProfitLoss`	$6.62M	USD	Annual
Gain on sale of property and equipment	`GainOnSaleOfPropertyAndEquipment`	$114.00K	USD	Annual
Gain on sale of property and equipment	`GainOnSaleOfPropertyAndEquipment`	$367.00K	USD	Annual
Loss on sale of property and equipment	`LossOnSaleOfPropertyAndEquipment`	$88.00K	USD	Annual
Loss on sale of property and equipment	`LossOnSaleOfPropertyAndEquipment`	$67.00K	USD	Annual
Bargain purchase on business combinations	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$100.00K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$264.00K	USD	Annual
Loss on impairment of property	`ImpairmentOfRealEstate`	$262.00K	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$64.00K	USD	Annual
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$788.00K	USD	Annual
Depreciation	`Depreciation`	$9.65M	USD	Annual
Depreciation	`Depreciation`	$8.93M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.39M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.59M	USD	Annual
Tenant security deposits	`IncreaseDecreaseInSecurityDeposits`	$-238.00K	USD	Annual
Tenant security deposits	`IncreaseDecreaseInSecurityDeposits`	$-218.00K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$17.00K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-31.00K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$442.00K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$428.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$161.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$234.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$579.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-577.00K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$46.00K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-166.00K	USD	Annual
Tenant security deposits payable	`IncreaseDecreaseInSecurityDepositPayable`	$-229.00K	USD	Annual
Tenant security deposits payable	`IncreaseDecreaseInSecurityDepositPayable`	$-317.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-144.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$104.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$95.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$163.00K	USD	Annual
NET CASH FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.40M	USD	Annual
NET CASH FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$20.09M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.32M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.22M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$777.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.59M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$933.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.83M	USD	Annual
Investment in unconsolidated affiliates	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	$81.00K	USD	Annual
Investment in unconsolidated affiliates	`PaymentsToAcquireRealEstateAndRealEstateJointVentures`	$273.00K	USD	Annual
Distributions received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$1.00M	USD	Annual
Distributions received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$18.00K	USD	Annual
Real estate tax and insurance escrows	`RealEstateTaxAndInsuranceEscrows`	$70.00K	USD	Annual
Real estate tax and insurance escrows	`RealEstateTaxAndInsuranceEscrows`	$-522.00K	USD	Annual
Notes receivable payments received	`ProceedsFromCollectionOfNotesReceivable`	$54.00K	USD	Annual
Notes receivable payments received	`ProceedsFromCollectionOfNotesReceivable`	$1.80M	USD	Annual
Notes receivable issued for tenant improvements	`NotesReceivableIssuedForTenantImprovements`	$33.00K	USD	Annual
Deferred insurance proceeds	`NetDeferredInsuranceProceedsInvestingActivities`	$-42.00K	USD	Annual
Deferred insurance proceeds	`NetDeferredInsuranceProceedsInvestingActivities`	$-56.00K	USD	Annual
Net payments from (deposits to) replacement reserve	`NetPaymentsFromDepositsToReplacementReserve`	$156.00K	USD	Annual
Net payments from (deposits to) replacement reserve	`NetPaymentsFromDepositsToReplacementReserve`	$50.00K	USD	Annual
Net payments from exchange escrow	`NetPaymentsFromExchangeEscrow`	$-2.31M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-9.51M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.50M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$751.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.30M	USD	Annual
Payments on investment certificates	`PaymentsOnInvestmentCertificates`	$1.01M	USD	Annual
Payments on investment certificates	`PaymentsOnInvestmentCertificates`	$27.00K	USD	Annual
Principal payments on special assessments payable	`PrincipalPaymentsOnSpecialAssessmentsPayable`	$169.00K	USD	Annual
Principal payments on special assessments payable	`PrincipalPaymentsOnSpecialAssessmentsPayable`	$161.00K	USD	Annual
Proceeds from issuance of mortgage notes payable	`ProceedsFromIssuanceOfMortgageNotesPayable`	$7.97M	USD	Annual
Proceeds from issuance of mortgage notes payable	`ProceedsFromIssuanceOfMortgageNotesPayable`	$11.00M	USD	Annual
Principal payments on mortgage notes payable	`PrincipalPaymentsOnMortgageNotesPayable`	$16.06M	USD	Annual
Principal payments on mortgage notes payable	`PrincipalPaymentsOnMortgageNotesPayable`	$12.77M	USD	Annual
Net change in short-term notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-8.00M	USD	Annual
Net change in short-term notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$8.00M	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$2.08M	USD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$21.77M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$5.26M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$3.47M	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	$9.46M	USD	Annual
Distributions paid	`PaymentsOfDividendsCommonStock`	$10.27M	USD	Annual
Payment of syndication costs	`PaymentOfSyndicationCosts`	$580.00K	USD	Annual
Payment of syndication costs	`PaymentOfSyndicationCosts`	$1.46M	USD	Annual
NET CASH FLOWS USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-10.72M	USD	Annual
NET CASH FLOWS USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-9.22M	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36M	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.82M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END 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 paid during the period for interest	`InterestPaid`	$11.88M	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$12.02M	USD	Annual
Distributions reinvested	`DistributionsReinvested`	$1.83M	USD	Annual
Distributions reinvested	`DistributionsReinvested`	$2.41M	USD	Annual
Distributions declared and not paid	`DistributionsDeclaredAndNotPaid`	$764.00K	USD	Annual
Distributions declared and not paid	`DistributionsDeclaredAndNotPaid`	$1.10M	USD	Annual
UPREIT distributions declared and not paid	`SubsidiaryDistributionsDeclaredAndNotPaid`	$2.18M	USD	Annual
UPREIT distributions declared and not paid	`SubsidiaryDistributionsDeclaredAndNotPaid`	$2.30M	USD	Annual
UPREIT units converted to REIT common shares	`SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities`	$2.12M	USD	Annual
UPREIT units converted to REIT common shares	`SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities`	$2.29M	USD	Annual
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT	`AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares`	$9.66M	USD	Annual
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT	`AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares`	$5.55M	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`	$7.57M	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`	$328.00K	USD	Annual
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnInterestRateSwap`	$39.00K	USD	Annual
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnInterestRateSwap`	$258.00K	USD	Annual
Acquisition of assets with reduction of notes receivable	`AcquisitionOfAssetsWithReductionOfNotesReceivable`	$89.00K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.22M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$163.19M	USD	Point-in-time
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$21.77M	USD	Annual
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$2.08M	USD	Annual
REIT common shares converted to UPREIT units	`StockIssuedDuringPeriodValueConversionOfCommonStock`	-	USD	Annual
Contribution of assets in exchange for the issuance of noncontrolling interest shares	`MinorityInterestIncreaseFromStockIssuance`	$5.55M	USD	Annual
Contribution of assets in exchange for the issuance of noncontrolling interest shares	`MinorityInterestIncreaseFromStockIssuance`	$9.66M	USD	Annual
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$3.47M	USD	Annual
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$5.26M	USD	Annual
Dividends	`DividendsCommonStockStock`	$9.73M	USD	Annual
Dividends	`DividendsCommonStockStock`	$8.69M	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$3.40M	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$2.95M	USD	Annual
Dividends reinvested-stock dividend, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	49,000.00	shares	Annual
Dividends reinvested-stock dividend	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$2.41M	USD	Annual
Dividends reinvested-stock dividend	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.83M	USD	Annual
Syndication costs	`SyndicationCosts`	$269.00K	USD	Annual
Syndication costs	`SyndicationCosts`	$1.46M	USD	Annual
Decrease in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-40.00K	USD	Annual
Decrease in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-258.00K	USD	Annual
Net income	`ProfitLoss`	$9.13M	USD	Annual
Net income	`ProfitLoss`	$6.62M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.66M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.22M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$163.19M	USD	Point-in-time

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