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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Dec. 31, 2015
Real estate assets and lease intangibles:      
Land $ 49,246,634 $ 51,274,462 $ 49,965,418
Buildings and improvements 190,028,533 190,274,191 177,360,584
Tenant improvements 21,942,782 21,473,750 19,876,549
Lease intangibles 13,383,080 13,811,291 13,845,100
Real estate assets and lease intangibles, cost 274,601,029 276,833,694 261,047,651
Accumulated depreciation and amortization (39,177,141) (36,311,485) (29,961,472)
Real estate assets and lease intangibles, net 235,423,888 240,522,209 231,086,179
Cash and cash equivalents 5,847,369 3,116,147 6,626,423
Restricted cash 3,046,359 4,271,648 6,759,786
Deferred leasing costs, net 1,887,513 1,920,091 1,483,014
Goodwill 2,423,000 2,423,000 2,423,000
Other assets, net 5,451,230 5,745,982 5,895,991
TOTAL ASSETS 254,079,359 257,999,077 254,274,393
Liabilities:      
Mortgage notes payable, net 159,952,064 158,886,111 142,638,401
Accounts payable and accrued liabilities 6,062,847 6,066,068 7,458,761
Accrued real estate taxes 1,327,791 2,318,990 2,401,770
Dividends payable 1,224,122 1,171,924 1,063,454
Below-market leases, net 1,530,323 1,698,086 2,154,479
Total liabilities 200,559,114 202,249,447 189,110,736
Commitments and contingencies
Equity:      
Additional paid-in capital 150,629,093 149,539,782 146,712,853
Dividends in excess of accumulated losses (111,162,810) (106,623,957) (93,821,328)
Total stockholders' equity before noncontrolling interest 39,642,476 43,090,853 53,063,548
Noncontrolling interest 13,877,769 12,658,777 12,100,109
Total equity 53,520,245 55,749,630 65,163,657
TOTAL LIABILITIES AND EQUITY 254,079,359 257,999,077 254,274,393
Redeemable Convertible Preferred Stock Series B [Member]      
Liabilities:      
Mandatorily redeemable Series B Preferred Stock, net 30,461,967 32,108,268 33,393,871
Common Class A [Member]      
Equity:      
Common stock series A $ 176,193 $ 175,028 $ 172,023