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Consolidated Statements of Equity - USD ($) | Total | Common Stock | Additional Paid-in Capital | Distributions in Excess of Accumulated Earnings | Non-Controlling Interest
--- | --- | --- | --- | --- | ---
Beginning balance (in shares) at Dec. 31, 2013 |  | 6,530,264 |  |  |
Beginning balance at Dec. 31, 2013 | $ 48,511,992 | $ 6,530 | $ 51,326,262 | $ (2,820,800) |
Net income (loss) | (125,133) |  |  | (125,133) |
Issuance of common stock (in shares) |  | 1,223,453 |  |  |
Issuance of common stock, net | 14,041,271 | $ 1,224 | 14,040,047 |  |
Distributions | (2,458,802) |  |  | (2,458,802) |
Ending balance (in shares) at Dec. 31, 2014 |  | 7,753,717 |  |  |
Ending balance at Dec. 31, 2014 | 59,969,328 | $ 7,754 | 65,366,309 | (5,404,735) |
Net income (loss) | 568,545 |  |  | 568,545 |
Issuance of common stock (in shares) |  | 2,239,224 |  |  |
Issuance of common stock, net | 21,528,025 | $ 2,239 | 21,525,786 |  |
Distributions | $ (4,059,179) |  |  | (4,059,179) |
Ending balance (in shares) at Dec. 31, 2015 | 9,992,941 | 9,992,941 |  |  |
Ending balance at Dec. 31, 2015 | $ 78,006,719 | $ 9,993 | 86,892,095 | (8,895,369) |
Net income (loss) | 473,488 |  |  | 448,102 | $ 25,386
Issuance of common stock (in shares) |  | 31,934 |  |  |
Issuance of common stock, net | 350,100 | $ 32 | 350,068 |  |
Distributions | (5,343,018) |  |  | (4,954,262) | (388,756)
Issuance of OP Units as consideration in real estate acquisitions, net | $ 14,289,873 |  |  |  | 14,289,873
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership |  |  | 2,839,674 |  | (2,839,674)
Ending balance (in shares) at Dec. 31, 2016 | 10,024,875 | 10,024,875 |  |  |
Ending balance at Dec. 31, 2016 | $ 87,777,162 | $ 10,025 | $ 90,081,837 | $ (13,401,529) | $ 11,086,829

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