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v3.20.1

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Income Statement [Abstract] |  |
Rental income | $ 24,544,958 | $ 17,984,625
Expenses: |  |
Fees to affiliates | 3,305,021 | 2,843,810
General and administrative | 2,711,573 | 2,570,529
Self-management transaction expense | 1,468,913 | 0
Depreciation and amortization | 9,848,130 | 6,988,925
Interest expense | 7,382,610 | 5,577,828
Property expenses | 4,877,658 | 3,185,629
Total expenses | 29,593,905 | 21,166,721
Less: Expenses reimbursed/fees waived by Sponsor or affiliates | (332,337) | (1,136,469)
Net expenses | 29,261,568 | 20,030,252
Other income: |  |
Interest income | 66,570 | 17,879
Income from investments in unconsolidated entities | 234,048 | 226,024
Total other income | 300,618 | 243,903
Net loss | $ (4,415,992) | $ (1,801,724)
Net loss per common share, basic and diluted (In USD Per Share) | $ (0.29) | $ (0.16)
Weighted-average number of shares of common stock outstanding, basic and diluted (In Shares) | 15,036,474 | 11,069,864

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