XML 111 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations (FY) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Rental income $ 14,726,046 $ 6,140,444
Tenant reimbursements 3,258,579 1,249,762
Total revenues 17,984,625 7,390,206
Expenses:    
Fees to affiliates (Note 8) 2,843,810 1,188,083
General and administrative 2,570,529 3,742,896
Depreciation and amortization 6,988,925 3,081,554
Interest expense (Note 6) 5,577,828 1,637,984
Property expenses 3,185,629 1,282,759
Total expenses 21,166,721 10,933,276
Less: Expenses reimbursed/fees waived by Sponsor or affiliates (Note 8) (1,136,469) (2,468,138)
Net expenses 20,030,252 8,465,138
Other income:    
Interest income 17,879 7,215
Income from investments in unconsolidated entities (Note 5) 226,024 199,233
Total other income 243,903 206,448
Net loss $ (1,801,724) $ (868,484)
Net loss per common share, basic and diluted (in USD per share) $ (0.16) $ (0.15)
Weighted-average number of shares of common stock outstanding, basic and diluted (in shares) 11,069,864 5,982,930