Schedule III - Real Estate and Accumulated Depreciation - Schedule of Change in Balance of Real Estate (Detail) (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||
Balance, beginning of period | $ 78,478,053us-gaap_RealEstateGrossAtCarryingValue | $ 39,678,968us-gaap_RealEstateGrossAtCarryingValue | $ 32,399,715us-gaap_RealEstateGrossAtCarryingValue |
Additions: | |||
Acquisitions during the period | 67,287,231us-gaap_RealEstateOtherAcquisitions | 37,768,162us-gaap_RealEstateOtherAcquisitions | 7,279,253us-gaap_RealEstateOtherAcquisitions |
Improvements | 2,726,734us-gaap_RealEstateImprovements | 1,030,923us-gaap_RealEstateImprovements | |
Deductions: | |||
Dispositions during period | (120,540)us-gaap_RealEstateCostOfRealEstateSold | ||
Purchase price adjustments | 0us-gaap_RealEstateOtherDeductions | 0us-gaap_RealEstateOtherDeductions | 0us-gaap_RealEstateOtherDeductions |
Balance, end of period | $ 148,371,478us-gaap_RealEstateGrossAtCarryingValue | $ 78,478,053us-gaap_RealEstateGrossAtCarryingValue | $ 39,678,968us-gaap_RealEstateGrossAtCarryingValue |
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- Definition
Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase in real estate investments related to improvements for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase in real estate investments from acquisitions other than through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of other deductions to real estate investments, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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