Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity (UNAUDITED)

v3.5.0.2
Condensed Consolidated Statements of Equity (UNAUDITED) - 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 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 390,454     374,112 $ 16,342
Proceeds from issuance of common stock, net (in shares)   31,934      
Proceeds from issuance of common stock, net 360,472 $ 32 360,440    
Distributions (3,909,895)     (3,676,091) (233,804)
Offering costs (65,839)   (10,372)   (55,467)
Issuance of OP Units as consideration in real estate acquisitions, net $ 11,763,144       11,763,144
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership     2,132,828   (2,132,828)
Ending balance (in shares) at Sep. 30, 2016 10,024,875 10,024,875      
Ending balance at Sep. 30, 2016 $ 86,545,055 $ 10,025 $ 89,374,991 $ (12,197,348) $ 9,357,387