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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets    
Real estate assets, net $ 55,045,563 $ 55,775,068
Cash and cash equivalents 2,147,460 2,911,640
Restricted cash 108,955 54,054
Investments in securities 1,552,090 1,473,950
Accounts receivable 103,289 157,607
Prepaid expenses and other assets 221,830 265,045
Intangible assets, net   317,140
Goodwill 694,121 694,121
Total assets 59,873,308 61,648,625
Liabilities and equity    
Note payable 19,417,405 19,374,971
Accounts payable and accrued expenses 1,954,919 1,723,458
Total liabilities 21,372,324 21,098,429
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized, no shares outstanding at December 31, 2017 and 100,000 shares authorized , no shares outstanding at December 31, 2016
Common stock, $0.01 par value: 450,000,000 shares authorized, 7,619,469 issued and outstanding at December 31, 2017 and 19,900,000 shares authorized, 7,619,469 issued and outstanding at December 31, 2016 76,195 76,195
Additional paid in capital 33,881,863 33,881,863
Accumulated comprehensive income 796,603 718,463
Retained earnings 3,746,323 5,873,675
Total equity 38,500,984 40,550,196
Total liabilities and equity $ 59,873,308 $ 61,648,625