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Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
ASSETS:    
Investments in real estate—net $ 236,896,814 $ 171,342,731
Cash and cash equivalents 2,373,808 14,518,788
Rent receivable 1,050,150 1,766,254
Deferred financing costs, net 493,808 558,992
Other assets 507,818 2,099,336
Total assets 241,322,398 190,286,101
LIABILITIES:    
Borrowings under credit facilities 80,950,000 27,200,000
Accrued expenses and other liabilities 3,217,784 2,377,305
Legacy performance fee payable to Agricultural Sub-Adviser 1,106,307 1,106,307
Unearned rent 3,394,761 834,858
Total liabilities 88,668,852 31,518,470
Commitments and contingencies
EQUITY:    
Common stock, $0.01 par value—300,000,000 shares authorized; 16,921,897 shares issued and outstanding at June 30, 2016 and 16,890,847 shares issued and outstanding at December 31, 2015 169,219 168,908
Additional paid-in-capital 150,075,554 149,846,969
Accumulated deficit (22,983,242) (17,644,793)
Company stockholders’ equity 127,261,531 132,371,084
Non-controlling interests in operating partnership 25,392,015 26,396,547
Total equity 152,653,546 158,767,631
Total liabilities and equity $ 241,322,398 $ 190,286,101