Real Estate Assets (Tables)

3 Months Ended

Mar. 31, 2019

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	$	51,879,327
Improvements and equipment additions		7,390
Ending balance		51,886,717
Land
Beginning balance		5,493,814
Ending balance		5,493,814
Accumulated depreciation:
Beginning balance		(3,656,220	)
Depreciation expense		(351,644	)
Ending balance		(4,007,864	)
Construction in progress:
Beginning balance		94,816
Current development		22,401
Ending balance		117,217
Total real estate assets at March 31, 2019	$	53,489,884