Indebtedness (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Indebtedness

The following table provides details of the Company’s indebtedness as of September 30, 2018 and December 31, 2017:

	September 30,			December 31,
	2018			2017
Mortgages and notes payable:
Mortgage loans (1)	$	24,500,000		$	19,500,000
Notes payable		312,500			312,500
Mortgages and notes payable		24,812,500			19,812,500
Loan costs, net		(335,555	)		(279,514	)
Total mortgages and notes payable, net	$	24,476,945		$	19,532,986

Schedule of Future Principal Payments and Maturity

The following is a schedule of future principal payments and maturity for the Company’s indebtedness for the remainder of 2018, each of the next four years and thereafter, in the aggregate, as of September 30, 2018:

2018	$	32,036
2019		199,072
2020		5,829,156
2021		295,611
2022		13,304,382
Thereafter		5,152,243
	$	24,812,500