Subsequent Events (Tables)

6 Months Ended

Jun. 30, 2017

Subsequent Events [Abstract]

Summary of Public and Private Offerings

A summary of the Company’s Initial Public Offering (including shares sold through the primary offering and distribution reinvestment plan (“DRIP”)) and its private offering, as of June 30, 2017, is as follows:

							Notes to
	Class T		Class W		Class I		Stockholders (1)		Total
Amount of gross proceeds raised:
Primary offering (2)	$	—	$	—	$	2,000,000	$	—	$	2,000,000
DRIP (2)	—		—		13,644		—		13,644
Private offering	62,300		—		62,300		375,400		500,000
Total offering	$	62,300	$	—	$	2,075,944	$	375,400	$	2,513,644
Number of shares issued:
Primary offering	—		—		221,349		—		221,349
DRIP	—		—		1,510		—		1,510
Private offering	7,000		—		7,000		—		14,000
Stock dividends	26		—		920		—		946
Total offering	7,026		—		230,779		—		237,805

(1) Amount relates to notes payable issued to investors in the private offering.

(2) Subscriptions from Ohio residents will not be released from escrow until subscriptions for shares totaling at least $7,000,000 have been received from all sources, subscriptions from Pennsylvania residents will not be released from escrow until subscriptions for shares totaling at least $75,000,000 have been received from all sources, and subscriptions from Washington residents will not be released from escrow until subscriptions for shares totaling at least $10,000,000 have been received from all sources.

A summary of the Company’s Initial Public Offering (including shares sold through the primary offering and distribution reinvestment plan) and its private offering, as of August 2, 2017, is as follows:

							Notes to
	Class T		Class W		Class I		Stockholders (1)		Total
Amount of gross proceeds raised:
Primary offering (2)	$	—	$	—	$	2,000,000	$	—	$	2,000,000
DRIP (2)	—		—		27,506		—		27,506
Private offering	62,300		—		62,300		375,400		500,000
Total offering	$	62,300	$	—	$	2,089,806	$	375,400	$	2,527,506
Number of shares issued:
Primary offering	—		—		221,349		—		221,349
DRIP	—		—		2,897		—		2,897
Private offering	7,000		—		7,000		—		14,000
Stock dividends	52		—		1,858		—		1,910
Total offering	7,052		—		233,104		—		240,156

(1) Amount relates to notes payable issued to investors in the private offering.

(2) Subscriptions from Ohio residents will not be released from escrow until subscriptions for shares totaling at least $7,000,000 have been received from all sources, subscriptions from Pennsylvania residents will not be released from escrow until subscriptions for shares totaling at least $75,000,000 have been received from all sources, and subscriptions from Washington residents will not be released from escrow until subscriptions for shares totaling at least $10,000,000 have been received from all sources.