Real Estate Assets (Tables)

6 Months Ended

Jun. 30, 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		21,877
Ending balance		51,901,204
Land
Beginning balance		5,493,814
Ending balance		5,493,814
Accumulated depreciation:
Beginning balance		(3,656,220	)
Depreciation expense		(704,376	)
Ending balance		(4,360,596	)
Construction in progress:
Beginning balance		94,816
Current development		244,674
Ending balance		339,490
Total real estate assets at June 30, 2019	$	53,373,912