v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Real estate investments:    
Land $ 26,314,917 $ 21,878,768
Buildings and improvements 134,483,836 108,590,813
Tenant origination and absorption costs 12,234,133 8,340,774
Total investments in real estate property 173,032,886 138,810,355
Accumulated depreciation and amortization (6,601,484) (3,574,739)
Total investments in real estate property, net 166,431,402 135,235,616
Investments in unconsolidated entities 14,164,340 14,524,022
Real estate investments, net 180,595,742 149,759,638
Cash and cash equivalents 3,947,118 3,238,173
Restricted cash 334,471 944,582
Tenant receivables, net 2,117,495 1,263,095
Above-market lease intangibles, net 632,770 681,293
Due from affiliates (Note 8) 26,448 34,194
Purchase and other deposits 285,360 40,000
Prepaid expenses and other assets 1,137,758 1,104,573
Interest rate swap derivatives 326,710 7,899
Total assets 189,403,872 157,073,447
Liabilities and Stockholders' Equity    
Mortgage notes payable, net 85,501,455 60,487,303
Unsecured credit facility, net 0 12,000,000
Accounts payable, accrued and other liabilities 2,543,383 2,411,484
Below-market lease intangibles, net 2,832,577 1,584,229
Due to affiliates (Note 8) 206,717 907,377
Share repurchases payable 889,347 386,839
Interest rate swap derivatives 98,240 0
Total liabilities 92,071,719 77,777,232
Commitments and contingencies (Note 9)
Redeemable common stock 3,550,589 46,349
Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in-capital 104,138,416 85,324,921
Cumulative distributions and net losses (10,368,038) (6,083,896)
Total stockholders' equity 93,781,564 79,249,866
Total liabilities and stockholders' equity 189,403,872 157,073,447
Common Class C [Member]    
Liabilities and Stockholders' Equity    
Common Stock, Value, Issued 11,183 8,838
Total stockholders' equity 11,183 8,838
Common Class S [Member]    
Liabilities and Stockholders' Equity    
Common Stock, Value, Issued 3 3
Total stockholders' equity $ 3 $ 3