v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Real estate investments:    
Land $ 17,410,432 $ 5,369,238
Building and improvements 73,844,326 24,243,072
Tenant origination and absorption costs 7,326,827 3,632,731
Total investments in real estate property 98,581,585 33,245,041
Accumulated depreciation and amortization (2,571,155) (493,185)
Total investments in real estate property, net 96,010,430 32,751,856
Investments in unconsolidated entities (Note 4) 14,656,306 3,523,809
Real estate investments, net 110,666,736 36,275,665
Cash and cash equivalents 8,490,282 3,431,769
Restricted cash 1,099,680 245,604
Tenant receivables 1,151,344 114,320
Above-market leases, net 705,554 148,577
Due from affiliates (Note 8) 26,456 108,433
Purchase and other deposits 44,550 500,000
Prepaid expenses and other assets 1,067,454 478,192
TOTAL ASSETS 123,252,056 41,302,560
LIABILITIES AND STOCKHOLDERS' EQUITY    
Mortgage notes payable, net 42,705,968 7,113,701
Unsecured credit facility, net 7,119,739 10,156,685
Accounts payable, accrued expenses and other liabilities 2,170,142 470,236
Below-market leases, net 763,672 150,767
Due to affiliates (Note 8) 871,189 383,422
Interest rate swap derivatives 100,006 0
Investor deposits 0 582,516
Share repurchases payable 194,121 17,467
TOTAL LIABILITIES 53,924,837 18,874,794
Redeemable common stock 234,648 196,660
Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in-capital 73,443,478 23,643,435
Cumulative distributions and net losses (4,358,523) (1,414,787)
TOTAL STOCKHOLDERS' EQUITY 69,092,571 22,231,106
Commitments and contingencies (Note 9)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 123,252,056 41,302,560
Common Class C [Member]    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Common Stock, Value, Issued 7,613 2,458
TOTAL STOCKHOLDERS' EQUITY 7,613 2,458
Common Class S [Member]    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Common Stock, Value, Issued 3 0
TOTAL STOCKHOLDERS' EQUITY $ 3 $ 0