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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Rental income $ 1,926,722 $ 286,576 $ 3,990,317 $ 328,041
Tenant recoveries 389,784 72,968 915,431 72,968
Total revenue 2,316,506 359,544 4,905,748 401,009
Expenses:        
Property expenses (Note 8) 413,161 91,541 968,902 91,541
Fees to affiliates (Note 8) 264,927 46,575 573,081 528,262
General and administrative 904,818 584,488 2,922,840 590,867
Acquisition costs 0 0 0 73,028
Depreciation and amortization 921,692 204,743 2,077,970 238,232
Interest expense 541,282 174,271 1,111,287 214,921
Total expenses 3,045,879 1,101,618 7,654,080 1,736,851
Less: Expenses reimbursed/fees waived by Sponsor or affiliates (Note 8) (626,715) (446,130) (2,064,684) (446,130)
Net expenses 2,419,165 655,488 5,589,396 1,290,721
Other income (loss):        
Interest income 2,988 619 3,875 619
Equity in earnings (losses) from unconsolidated entities 688 (4,300) 168,043 (4,300)
Total other income (loss) 3,676 (3,681) 171,918 (3,681)
Net loss $ (98,983) $ (299,625) $ (511,730) $ (893,393)
Net loss per share, basic and diluted (in dollars per share) $ (0.01) $ (1.39) $ (0.10) $ (10.44)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 6,873,249 215,369 5,220,371 85,598
Dividends declared per share (in dollars per share) $ 0.175 $ 0.14 $ 0.525 $ 0.14