XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Assets    
Investment in real estate, net of accumulated depreciation of $6,433,313 and $4,275,639, respectively $ 156,947,725 $ 159,105,399
Cash and cash equivalents 33,403,408 17,305,001
Investments in real estate-related assets 24,400,000 24,400,000
Intangible assets, net of accumulated amortization of $2,993,739 and $1,876,930, respectively 19,692,926 20,809,735
Deferred rent receivable 1,512,721 1,225,863
Prepaid expenses and other assets 525,938 461,251
Due from related party 310,255 49,910
Accrued preferred return receivable 77,323  
Accrued income from mezzanine loan investment 68,940  
Stock subscriptions receivable 0 261,038
Total assets 236,939,236 223,618,197
Liabilities    
Loans payable, net of deferred financing costs of $803,302 and $841,615, respectively 83,341,882 83,303,569
Intangible liabilities, net of accumulated amortization of $840,519 and $416,574, respectively 8,224,797 8,648,742
Due to related parties 1,861,062 2,057,181
Distributions payable 733,307 668,092
Accounts payable and accrued expenses 686,864 16,384
Deferred revenue 473,395 561,056
Restricted reserves 380,745 33,124
Accrued interest payable 262,649 273,200
Total liabilities 95,964,701 95,561,348
Stockholders' equity    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each June 30, 2020 and December 31, 2019
Additional paid-in capital 151,842,791 135,507,823
Accumulated deficit and cumulative distributions (13,906,459) (10,543,287)
Total controlling interest 137,996,364 125,017,931
Non-controlling interests in subsidiaries 2,978,171 3,038,918
Total stockholders' equity 140,974,535 128,056,849
Total liabilities and stockholders' equity 236,939,236 223,618,197
Class A [Member]    
Stockholders' equity    
Common stock 34,108 31,580
Total stockholders' equity 34,108 31,580
Class T [Member]    
Stockholders' equity    
Common stock 14,408 13,278
Total stockholders' equity 14,408 13,278
Class I [Member]    
Stockholders' equity    
Common stock 11,516 8,537
Total stockholders' equity $ 11,516 $ 8,537