CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Assets
Real estate assets, net	$ 55,266,961	$ 55,775,068
Cash and cash equivalents	2,813,396	2,911,640
Restricted cash	70,478	54,054
Investments in securities	1,381,361	1,473,950
Accounts receivable	120,246	157,607
Prepaid expenses and other assets	196,769	265,045
Intangible assets, net	120,040	317,140
Goodwill	694,121	694,121
Total assets	60,663,372	61,648,625
Liabilities and equity
Note payable	19,396,188	19,374,971
Accounts payable and accrued expenses	1,796,286	1,723,458
Total liabilities	21,192,474	21,098,429
Commitments and contingencies
Equity
Common stock, $0.01 par value, 19,900,000 shares authorized; 7,619,469 and 7,619,469 issued and outstanding at June 30, 2017 and December 31, 2016, respectively	76,195	76,195
Series A participating preferred stock, $0.01 par value, 100,000 shares authorized: zero shares issued and outstanding
Additional paid in capital	33,881,863	33,881,863
Accumulated comprehensive income	625,874	718,463
Retained earnings	4,886,966	5,873,675
Total equity	39,470,898	40,550,196
Total liabilities and equity	$ 60,663,372	$ 61,648,625