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Real Estate Assets, net (Tables)
9 Months Ended
Sep. 30, 2018
Real Estate [Abstract]  
Schedule of Real Estate Assets

The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of September 30, 2018 and December 31, 2017 are as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Land and land improvements

 

$

4,446,358

 

 

$

2,683,051

 

Building and building improvements

 

 

49,197,217

 

 

 

28,109,037

 

Furniture, fixtures and equipment

 

 

1,764,570

 

 

 

879,288

 

Less: accumulated depreciation

 

 

(1,466,628

)

 

 

(585,437

)

Real estate assets, net

 

$

53,941,517

 

 

$

31,085,939