Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Summary of Retrospective Adjustment and the Overall Impact on the Previously-reported Consolidated Financial Statements

The following table summarizes the retrospective adjustment and the overall impact on the previously-reported consolidated financial statements:


     As of December 31, 2015  
     As Previously      Retrospective  
     Reported      Application  

Deferred financing costs related to mortgage notes and bonds payable(1)

   $ 1,054,222       $ —     

Mortgage notes and bonds payable, net

     142,633,157         141,578,935   


(1) Included as part of Deferred financing costs, net as reported on the Consolidated Balance Sheet in the Form 10-K.