Change in Status (Tables)

12 Months Ended

Dec. 31, 2016

Change In Status [Abstract]

Fair Value of Properties on Effective Date of Change in Status

The Company’s initial carrying value of the net assets of the self storage properties was 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
Increase to the initial carrying value of the net assets    of the self storage properties on the effective date    of the change in status				$	7,967,086