Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS:
Investments in real estate—net	$ 171,342,731	$ 140,104,858
Cash and cash equivalents	14,518,788	7,466,642
Rent receivable	1,766,254	1,549,175
Deferred financing costs, net	558,992	146,467
Deferred offering costs		1,363,388
Other assets	2,099,336	466,282
Total assets	190,286,101	151,096,812
LIABILITIES:
Borrowings under credit facilities	27,200,000	20,400,000
Accrued expenses and other liabilities	2,377,305	2,856,580
Subscription received in advance		5,250,000
Performance fee payable to AFA		1,231,398
Legacy performance fee payable to Agricultural Sub-Adviser	1,106,307
Management fee payable to AFA		331,143
Unearned rent	834,858	1,587,976
Total liabilities	$ 31,518,470	$ 31,657,097
Commitments and contingencies
EQUITY:
Common stock, $0.01 par value—300,000,000 shares authorized; 16,890,847 shares issued and outstanding at December 31, 2015 and 10,436,902 shares issued and outstanding at December 31, 2014	$ 168,908	$ 104,369
Preferred stock, $0.01 par value—0 shares issued and outstanding at December 31, 2015 and 29 shares issued and outstanding at December 31, 2014
Additional paid-in-capital	$ 149,846,969	$ 105,445,855
Accumulated deficit	(17,644,793)	(6,672,472)
Company stockholders’ equity	132,371,084	98,877,752
Non-controlling interests in operating partnership	26,396,547	20,561,963
Total equity	158,767,631	119,439,715
Total liabilities and equity	$ 190,286,101	$ 151,096,812