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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2016
Accounting Policies [Abstract] |
Reconciliation between U.S. Statutory Federal Income Tax Rate and Effective Income Tax Rate | A reconciliation between the U.S. statutory federal income tax rate and our effective income tax rate for the years ended December 31, 2016, 2015 and 2014 is provided in the following table:
|  | 2016 |  | 2015 |  | 2014
Effective U.S. statutory federal income tax rate(1) |  | — | % |  | — | % |  | — | %
State taxes, net of U.S. federal income tax benefit(2) |  | — | % |  | — | % |  | 26.9 | %
Other adjustments |  | — | % |  | — | % |  | — | %
Effective tax rate |  | — | % |  | — | % |  | 26.9 | %
(1) | Net of the effect of the the dividends paid deduction.
(2) | State tax adjustments made to the 2014 income tax provision related to taxes owed to the state of California as a result of prior-year land transfers.
Retrospective Adjustment and Overall Impact on Previously-Reported Consolidated Financial Statements | The following table summarizes the retrospective adjustment and the overall impact on the previously-reported consolidated financial statements:
| As of December 31, 2015
| As Previously Reported |  | Retrospective Application
Deferred financing costs related to mortgage notes and bonds payable(1) | $ | 1,054,222 |  |  | $ | — |
Mortgage notes and bonds payable, net | 142,633,157 |  |  | 141,578,935 |
(1) | Included as part of Deferred financing costs, net, as reported on the Consolidated Balance Sheet in the Form 10-K.

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22658-107794 + Details
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