Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.6.0.2
Consolidated Statements of Equity - USD ($)
Total
Common Stock
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2013   6,530,264      
Beginning balance at Dec. 31, 2013 $ 48,511,992 $ 6,530 $ 51,326,262 $ (2,820,800)  
Net income (loss) (125,133)     (125,133)  
Issuance of common stock (in shares)   1,223,453      
Issuance of common stock, net 14,041,271 $ 1,224 14,040,047    
Distributions (2,458,802)     (2,458,802)  
Ending balance (in shares) at Dec. 31, 2014   7,753,717      
Ending balance at Dec. 31, 2014 59,969,328 $ 7,754 65,366,309 (5,404,735)  
Net income (loss) 568,545     568,545  
Issuance of common stock (in shares)   2,239,224      
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)  
Net income (loss) 473,488     448,102 $ 25,386
Issuance of common stock (in shares)   31,934      
Issuance of common stock, net 350,100 $ 32 350,068    
Distributions (5,343,018)     (4,954,262) (388,756)
Issuance of OP Units as consideration in real estate acquisitions, net $ 14,289,873       14,289,873
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership     2,839,674   (2,839,674)
Ending balance (in shares) at Dec. 31, 2016 10,024,875 10,024,875      
Ending balance at Dec. 31, 2016 $ 87,777,162 $ 10,025 $ 90,081,837 $ (13,401,529) $ 11,086,829