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Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net (loss) income $ (1,865,826) $ 350
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Loss on disposal of assets 198,840 0
Depreciation and amortization 277,249 0
Amortization of deferred financing costs 5,360  
Fair value of interest rate cap (9,904) 0
Changes in operating assets and liabilities:    
Restricted cash (321,555) 0
Tenant receivables, net (1,689) 0
Due from related party (37,057) 0
Prepaid expenses and other assets (70,921) 0
Due to related parties 3,138,851 0
Accounts payable and accrued expenses 258,683 0
Tenant prepayments 17,431 0
Security deposits 218 0
Net cash provided by operating activities 1,589,680 350
Cash flows from investing activities    
Property acquisition (9,446,990) 0
Capital expenditures (58,395) 0
Net cash used in investing activities (9,505,385) 0
Cash flows from financing activities:    
Proceeds from issuance of common stock 16,720,046 0
Payment of deferred financing costs (163,674) 0
Deferred offering costs (2,779,692) 0
Increase in borrowings 8,787,000 0
Repayments on borrowings (1,322,000) 0
Distributions paid on common stock (14,404) 0
Syndication costs (1,945,755) 0
Net cash provided by financing activities 19,281,521 0
Net increase in cash 11,365,816 350
Cash at beginning of period 200,644 200,193
Cash at end of period $ 11,566,460 $ 200,543