Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.5.0.2
Condensed Consolidated Statements of Equity - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Non-Controlling Interests [Member]
Beginning balance (in shares) at Dec. 31, 2014   7,753,717      
Beginning balance at Dec. 31, 2014 $ 59,969,328 $ 7,754 $ 65,366,309 $ (5,404,735)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 568,545     568,545  
Proceeds from issuance of common stock, net (in shares)   2,239,224      
Proceeds from issuance of common stock, net 21,528,025 $ 2,239 21,525,786    
Distributions $ (4,059,179)     (4,059,179)  
Ending balance (in shares) at Dec. 31, 2015 9,992,941 9,992,941      
Ending balance at Dec. 31, 2015 $ 78,006,719 $ 9,993 86,892,095 (8,895,369)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 355,852     342,229 $ 13,623
Distributions (2,557,916)     (2,435,779) (122,137)
Offering costs (29,367)   (3,867)   (25,500)
Issuance of OP Units as consideration in real estate acquisitions, net $ 6,451,853       6,451,853
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership     606,644   (606,644)
Ending balance (in shares) at Jun. 30, 2016 9,992,941 9,992,941      
Ending balance at Jun. 30, 2016 $ 82,227,141 $ 9,993 $ 87,494,872 $ (10,988,919) $ 5,711,195