Real Estate Assets (Tables)

12 Months Ended

Dec. 31, 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:

	December 31, 2017			December 31, 2016
Buildings, improvements, and equipment, at cost:
Beginning balance	$	51,156,701		$	30,795,900
Improvements and equipment additions		259,078			180,801
Acquisition of self storage properties		—			17,612,576
Newly developed properties opened for operation		—			2,567,424
Ending balance		51,415,779			51,156,701
Land:
Beginning balance		5,493,814			3,413,814
Acquisition of self storage properties		—			2,080,000
Ending balance		5,493,814			5,493,814
Accumulated depreciation:
Beginning balance		(875,447	)		—
Depreciation expense		(1,382,415	)		(875,447	)
Ending balance		(2,257,862	)		(875,447	)
Construction in progress:
Beginning balance		—			145,539
Current development		393,832			2,470,685
Newly developed properties opened for operation		—			(2,567,424	)
Transfer to prepaid expenses and other assets		—			(48,800	)
Ending balance		393,832			—
Total real estate assets	$	55,045,563		$	55,775,068