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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Real estate investment properties, net $ 42,606,568 $ 42,969,180
Assets held for sale, net 14,172,336 14,202,202
Cash 7,617,179 8,003,576
Intangibles, net 1,240,867 1,497,809
Other assets 289,453 382,637
Restricted cash 290,368 233,971
Total assets 66,216,771 67,289,375
Liabilities:    
Mortgage loans, net 18,679,824 18,665,013
Liabilities associated with assets held for sale 6,210,165 6,247,187
Accounts payable and accrued liabilities 647,106 497,081
Other liabilities 146,759 128,957
Due to related parties 129,278 85,902
Total liabilities 25,813,132 25,624,140
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized; none issued or outstanding
Capital in excess of par value 48,039,220 48,039,220
Accumulated loss (4,020,283) (3,464,160)
Accumulated distributions (3,664,293) (2,958,820)
Total stockholders' equity 40,403,639 41,665,235
Total liabilities and stockholders' equity 66,216,771 67,289,375
Class A Common Stock    
Stockholders' equity:    
Common stock value 48,995 48,995
Total stockholders' equity $ 48,995 $ 48,995