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Related Party Arrangements - Fees and Expenses Incurred and Reimbursable to Affiliates and Related Parties (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Related Party Transaction [Line Items]          
Distribution and stockholder servicing fees     $ 1,395,460 $ 549,449  
Acquisition fees and expenses     818    
Total reimbursable expenses $ 236,073 $ 227,231 764,371 680,529  
Investment Service Fees [1] 545,625   545,625 481,500  
Asset Management Fees [2] 87,488 42,800 229,088 86,060  
Total reimbursable expenses, net 869,186 270,031 1,539,084 1,248,089  
Operating expenses, Unpaid amount [3] 68,844   68,844   $ 197,235
Total reimbursable expenses due [3] 68,844   68,844   197,235
Related parties, Unpaid amount [3] 68,844   68,844   197,235
Reimbursable Expense          
Related Party Transaction [Line Items]          
Operating expenses [4] 227,393 221,415 754,188 652,824  
Acquisition fees and expenses 8,680 5,816 10,183 27,705  
Dealer Manager          
Related Party Transaction [Line Items]          
Selling commissions [5] 121,413 138,544 343,087 481,913  
Dealer manager fees [5] 153,073 161,461 429,356 422,112  
Distribution and stockholder servicing fees [5] 307,630 239,677 822,477 462,356  
Total offering expenses 582,116 $ 539,682 1,594,920 $ 1,366,381  
Selling commissions, Unpaid amount [3] 16,522   16,522   10,000
Dealer Manager fees, Unpaid amount [3] 25,129   25,129   18,150
Distribution and stockholder servicing fees, Unpaid amount [3] 1,395,460   1,395,460   798,524
Total offering expenses unpaid [3] $ 1,437,111   $ 1,437,111   $ 826,674
[1] For the quarter and nine months ended September 30, 2018 the Company incurred approximately $0.5 million in investment services fees, all of which were capitalized and included in real estate investment properties, net in the accompanying condensed consolidated balance sheets. For the nine months ended September 30, 2017, the Company incurred approximately $0.5 million in investment service fees, all of which were capitalized and included in real estate investment properties, net in the accompanying condensed consolidated balance sheets. No such fees were incurred for the quarter ended September 30, 2017.
[2] For the quarter and nine months ended September 30, 2018, the Company incurred approximately $0.1 million and $0.2 million, respectively, in asset management fees, all of which are expected to be settled in accordance with the terms of the Expense Support Agreement. For the quarter and nine months ended September 30, 2017, the Company incurred approximately $43,000 and $86,000 in asset management fees, respectively, all of which were settled in accordance with the terms of the Expense Support Agreement.
[3] Amounts are recorded as due to related parties in the accompanying condensed consolidated balance sheets.
[4] Amounts are recorded as general and administrative expenses in the accompanying condensed consolidated statements of operations unless such amounts represent prepaid expenses, which are capitalized in the accompanying condensed consolidated balance sheets. For the quarter and nine months ended September 30, 2018, approximately $0.1 million and $0.4 million, respectively, of personnel expenses of affiliates of the Advisor are expected to be settled in accordance with the terms of the Expense Support Agreement and as such our general administrative expenses were reduced by approximately $0.1 million and $0.4 million, respectively. For the quarter and nine months ended September 30, 2017, approximately $0.1 million and $0.3 million, respectively, of personnel expenses of affiliates of the Advisor were settled in accordance with the terms of the Expense Support Agreement.
[5] Amounts are recorded as stock issuance and offering costs in the accompanying condensed consolidated statements of stockholders’ equity.