Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2017 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 17. Subsequent Events Subsequent to June 30, 2017, the Company has raised $21,001 for a total of 263 shares through monthly equity closings, including dividend reinvestments. Through August 10, 2017, the Company has paid $7,635 in distributions, including dividend reinvestments. Subsequent to June 30, 2017, the Company continued to expand its operations through the acquisition of additional rental property and associated intangible assets and liabilities. The Company acquired approximately $42,942 of rental property and associated intangible assets and liabilities (see Note 4). On August 8, 2017, the Board of Directors declared a distribution of $0.415 per share on the Company’s common stock and approved a distribution of $0.415 per membership unit for monthly distributions through October 2017. The distributions are payable on or prior to the 15th of the following month to stockholders and unit holders of record on the last day of the month. In addition, the Company’s IDC determined the share value for the Company’s common stock to be $80.00 per share for subscription agreements received from August 1, 2017 through October 31, 2017. |