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CONSOLIDATED AND COMBINED STATEMENTS OF PARTNERS' CAPITAL - USD ($)
Limited Partners
Common Unitholders, Public
Limited Partners
Subordinated Unitholder, Landmark
Limited Partners
General Partner, Landmark
Landmark Infrastructure Partners LP, Predecessor
Total
Balance as of beginning of period at Dec. 31, 2014 $ 74,683,957 $ 29,745,957   $ 12,349 $ 44,749,002 $ 149,191,265
Balance as of beginning of period (in units) at Dec. 31, 2014 4,702,665 3,135,109 7,837,774      
Increase (decrease) in partners' capital            
Net income (loss) from Acquired Assets attributable to Predecessor       (310,764) 161,266 (149,498)
Net investment of Acquired Assets       (4,268,765) 133,092 (4,135,673)
Distributions $ (632,174) $ (421,358)     (710,246) (1,763,778)
Capital contribution to fund general and administrative expense reimbursement       692,872   692,872
Unit-based compensation $ 78,750         78,750
Unit-based compensation (in units) 1,010   1,010      
Net loss attributable to partners $ (1,735,147) (1,156,516)       (2,891,663)
Balance as of end of period at Mar. 31, 2015 $ 72,395,386 $ 28,168,083   (3,874,308) $ 44,333,114 141,022,275
Balance as of end of period (in units) at Mar. 31, 2015 4,703,675 3,135,109 7,838,784      
Balance as of beginning of period at Dec. 31, 2015 $ 179,045,366 $ 25,941,274   (71,631,167)   133,355,473
Balance as of beginning of period (in units) at Dec. 31, 2015 11,820,144 3,135,109 14,955,253      
Increase (decrease) in partners' capital            
Net investment of Acquired Assets       1,016,439   1,016,439
Distributions $ (3,844,745) $ (1,018,910)       (4,863,655)
Capital contribution to fund general and administrative expense reimbursement       799,954   799,954
Unit-based compensation $ 105,000         105,000
Unit-based compensation (in units) 9,840   9,840      
Net loss attributable to partners $ (334,626) (93,000)       (427,626)
Balance as of end of period at Mar. 31, 2016 $ 174,970,995 $ 24,829,364   $ (69,814,774)   $ 129,985,585
Balance as of end of period (in units) at Mar. 31, 2016 11,829,984 3,135,109 14,965,093