Change in Status (Tables)

6 Months Ended

Jun. 30, 2016

Change In Status [Abstract]

Fair Value of Facilities on Effective Date of Change in Status

The Company’s initial carrying value of the net assets of the self storage facilities is the fair value on the effective date of the change in status determined as follows:

Fair value of self storage properties on the effective date of the    change in status				$	34,624,573
Total net assets of the combined self storage properties
Property plant and equipment - self storage	$	26,388,167
Cash and cash equivalents		464,585
Accounts receivable		87,103
Prepaid expenses and other assets		206,146
Accounts payable and accrued expenses		(488,514	)		26,657,487
Adjustment to record the fair value of the net assets of the self    storage properties on the effective date of the change in    status				$	7,967,086