CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net loss	$ (2,087,993)	$ (1,118,497)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		224,676
Gain on sale of asset		1,022,871
Amortization of shared based compensation	110,824
Changes in operating assets and liabilities
(Increase) decrease in other assets	(53,949)	225,217
(Decrease) increase in due to affiliates	(17,080)	287,306
Increase (decrease) in accounts payable and accrued expenses	450,382	(510,469)
Net cash used in operating activities	(1,597,816)	(1,914,638)
INVESTING ACTIVITIES:
Proceeds from sale of real estate asset		5,500,000
Costs related to the sale of real estate asset		(17,941)
Increase in accounts payable, accrued expenses and other liabilities relating to investing activities		2,775
Increase in due to affiliates relating to investing activities		6,005
Decrease in restricted cash		97,985
Development and construction of real estate assets		(34,294)
Net cash provided by investing activities		5,554,530
FINANCING ACTIVITIES:
Proceeds from land loans		2,000,000
Principal repayments of land notes payable		(10,020,000)
Payment of loan costs		(136,749)
Offering costs		(119,716)
Proceeds from the issuance of common stock		7,090,000
Proceeds from the issuance of warrants		4,910,000
Net cash provided by (used in) financing activities		3,723,535
Net (Decrease) Increase in Cash and Cash Equivalents	(1,597,816)	7,363,427
Cash and Cash Equivalents, Beginning of Period	19,874,915	238,267
Cash and Cash Equivalents, End of Period	18,277,099	7,601,694
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest		285,893
Cash paid for state taxes	5,356
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING ACTIVITIES AND FINANCING ACTIVITIES:
Redemption of operating partnership units for common shares	169,667	3,268,478
Adjustments to noncontrolling interest in the operating partnership		$ (1,048,209)