Credit Risk Concentrations	6 Months Ended
Jun. 30, 2017
Risks And Uncertainties [Abstract]
Credit Risk Concentrations	12. Credit Risk Concentrations The Company maintained bank balances that, at times, exceeded the federally insured limit during the six months ended June 30, 2017. The Company has not experienced losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts. The Company’s rental property is managed by the Manager and the Asset Manager as described in Note 3. Management fees and expense reimbursements paid to the Manager and Asset Manager represent 22% and 32% of the Company’s total operating expenses for the three months ended June 30, 2017 and 2016, respectively and 26% and 25% of the Company’s total operating expenses for the six months ended June 30, 2017 and 2016, respectively. The Company has mortgages and notes payable with four institutions that comprise 28%, 18%, 14%, and 14% of total mortgages and notes payable at June 30, 2017. The Company has mortgages and notes payable with four institutions that comprise 20%, 18%, 12%, and 11% of total mortgages and notes payable at December 31, 2016. For the three months and six months ended June 30, 2017 and 2016, the Company had no individual tenants or common franchises that accounted for more than 10% of total revenues.

12. Credit Risk Concentrations

The Company maintained bank balances that, at times, exceeded the federally insured limit during the six months ended June 30, 2017. The Company has not experienced losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts.

The Company’s rental property is managed by the Manager and the Asset Manager as described in Note 3. Management fees and expense reimbursements paid to the Manager and Asset Manager represent 22% and 32% of the Company’s total operating expenses for the three months ended June 30, 2017 and 2016, respectively and 26% and 25% of the Company’s total operating expenses for the six months ended June 30, 2017 and 2016, respectively. The Company has mortgages and notes payable with four institutions that comprise 28%, 18%, 14%, and 14% of total mortgages and notes payable at June 30, 2017. The Company has mortgages and notes payable with four institutions that comprise 20%, 18%, 12%, and 11% of total mortgages and notes payable at December 31, 2016. For the three months and six months ended June 30, 2017 and 2016, the Company had no individual tenants or common franchises that accounted for more than 10% of total revenues.