Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.4.0.3
Condensed Consolidated Statements of Equity - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Non-Controlling Interests [Member]
Beginning Balance at Dec. 31, 2014 $ 59,969,328 $ 7,754 $ 65,366,309 $ (5,404,735)  
Beginning Balance, Shares at Dec. 31, 2014   7,753,717      
Net income 568,545     568,545  
Proceeds from issuance of common stock, net 21,528,025 $ 2,239 21,525,786    
Proceeds from issuance of common stock, net, Shares   2,239,224      
Distributions (4,059,179)     (4,059,179)  
Ending Balance at Dec. 31, 2015 78,006,719 $ 9,993 86,892,095 (8,895,369)  
Ending Balance, Shares at Dec. 31, 2015   9,992,941      
Net income 234,416     234,416 $ 5,576
Common stock offering costs (3,869)   $ (3,869)    
Distributions (1,228,988)     $ (1,199,153) (29,835)
Issuance of OP Units as consideration in real estate acquisitions value, net $ 6,426,353       $ 6,426,353
Issuance of OP Units as consideration in real estate acquisitions shares, net 0 0 0 0 0
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership     $ 606,644   $ (606,644)
Ending Balance at Mar. 31, 2016 $ 83,440,207 $ 9,993 $ 87,494,870 $ (9,860,106) $ 5,795,450
Ending Balance, Shares at Mar. 31, 2016   9,992,941