Real Estate Assets (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Summary of Carrying Value of Real Estate Assets

The carrying value of the Company’s real estate assets is summarized as follows:

Self storage properties, at cost:
Beginning balance	$	51,156,701
Improvements and equipment additions		212,973
Ending balance		51,369,674
Land
Beginning balance		5,493,814
Ending balance		5,493,814
Accumulated depreciation:
Beginning balance		(875,447	)
Depreciation expense		(1,057,305	)
Ending balance		(1,932,752	)
Construction in progress:
Beginning balance	—
Current development		100,389
Ending balance		100,389
Total real estate assets at September 30, 2017	$	55,031,125