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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2017
Revenues        
Rental income $ 1,871,642 $ 1,306,822 $ 3,305,590 $ 5,357,521
Other property related income 61,515 42,463 114,208 171,556
Total revenues 1,933,157 1,349,285 3,419,798 5,529,077
Expenses        
Property operations 777,872 525,102 1,449,341 2,190,818
General and administrative 640,566 393,561 1,055,014 1,489,566
Depreciation and amortization 439,342 236,503 595,478 1,341,261
Business development and property acquisition costs 105 238,537 397,570 14,295
Total expenses 1,857,885 1,393,703 3,497,403 5,035,940
Operating income (loss) 75,272 (44,418) (77,605) 493,137
Other income (expense)        
Dividend and interest income 15,591 46,905 133,559 41,965
Interest expense (220,209) (219,859) (236,511) (660,626)
Total other income (expense), net (204,618) (172,954) (102,952) (618,661)
Net loss $ (129,346) $ (217,372) $ (180,557) $ (125,524)
Earnings per share - basic and diluted $ (0.02) $ (0.03) $ (0.02) $ (0.02)
Weighted average shares outstanding - basic and diluted 7,619,469 7,416,766 7,416,766 7,619,469