Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.8.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Parent
Common Stock
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
Non- Controlling Interest
Beginning balance (in shares) at Dec. 31, 2014     7,753,717      
Beginning balance at Dec. 31, 2014 $ 59,969 $ 59,969 $ 8 $ 65,366 $ (5,405)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 569 569     569  
Number of shares issued (in shares)     2,239,224      
Issuance of common stock, net 21,528 21,528 $ 2 21,526    
Distributions (4,059) (4,059)     (4,059)  
Ending balance (in shares) at Dec. 31, 2015     9,992,941      
Ending balance at Dec. 31, 2015 78,007 78,007 $ 10 86,892 (8,895)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 473 448     448 $ 25
Number of shares issued (in shares)     31,934      
Issuance of common stock, net 350 350 $ 0 350    
Distributions (5,343) (4,955)     (4,955) (388)
Issuance of OP Units as consideration in real estate acquisitions, net 14,290         14,290
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0 2,840   2,840   (2,840)
Ending balance (in shares) at Dec. 31, 2016 10,024,875   10,024,875      
Ending balance at Dec. 31, 2016 $ 87,777 76,690 $ 10 90,082 (13,402) 11,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (34) (31)     (31) (3)
Number of shares issued (in shares)     3,519,824      
Issuance of common stock, net 39,856 39,856 $ 4 39,852    
Distributions (7,079) (6,369)     (6,369) (710)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0 (2,197)   (2,197)   2,197
Redemption of OP Units (in shares)     246,875      
Redemption of OP Units $ (2,569) 1,968   1,968   (4,537)
Ending balance (in shares) at Dec. 31, 2017 13,791,574   13,791,574.000      
Ending balance at Dec. 31, 2017 $ 117,951 $ 109,917 $ 14 $ 129,705 $ (19,802) $ 8,034