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CONSOLIDATED STATEMENT OF CASH FLOWS
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:    
Net income (loss) $ 487,749 $ (1,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of equity-based compensation 66,354 0
Equity in (earnings) losses of unconsolidated venture (939,303) 0
Dividends from unconsolidated venture 64,070 0
Changes in assets and liabilities:    
Due to related party 57,130 1,000
Net cash provided by (used in) operating activities (264,000) 0
Cash flows from investing activities:    
Investment in unconsolidated venture (4,297,842) 0
Net cash provided by (used in) investing activities (4,297,842) 0
Cash flows from financing activities:    
Net proceeds from issuance of common stock 6,964,046 0
Net proceeds from issuance of common stock, related party 8,267 2,000,000
Distributions paid on common stock (19,250) 0
Proceeds from distribution reinvestment plan 3,164 0
Net cash provided by (used in) financing activities 6,956,227 2,000,000
Net increase (decrease) in cash 2,394,385 2,000,000
Cash at beginning of period 2,201,007 201,007
Cash at end of period 4,595,392 2,201,007
Supplemental disclosure of non-cash financing activities:    
Accrued cost of capital (refer to Note 4) 210,711 19,000
Subscriptions receivable, gross 935,687 0
Distribution payable $ 4,677 $ 0