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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 1,353,780 $ 454,259
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,946,590 3,504,071
Gains from investments in real estate-related assets   (878,378)
Amortization of above-market lease intangibles 22,721 22,721
Amortization of below-market lease intangibles (635,917) (244,066)
Changes in assets and liabilities:    
Proceeds from investments in real estate-related assets   1,502,990
(Increase) in deferred rent receivable (427,458) (727,152)
(Increase) in accrued investment income receivable (77,323) (76,241)
Decrease in prepaid expenses and other assets 1,488 3,647
(Increase) in due from related party (275,464)  
Increase/(decrease) in due to related parties 34,158 (1,319,999)
(Decrease)/increase in deferred revenue (84,833) 46,038
Increase/(decrease) in restricted reserves 235,891 (19,904)
Increase/(decrease) in accounts payable and accrued expenses 25,161 (3,000)
(Decrease)/increase in accrued interest payable (10,551) 79,360
Net cash provided by operating activities 5,039,303 2,344,346
Cash flows from investing activities:    
Acquisition of real estate   (9,282,381)
Purchase of interest in real estate-related assets   (20,656,319)
Cash used in investing activities   (29,938,700)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 21,293,396 36,158,200
Distributions (4,168,522) (2,960,818)
Payments from redemptions of common stock (2,642,871) (756,521)
Non-controlling interest distributions (44,000)  
Net cash provided by financing activities 14,438,003 32,440,861
Net increase in cash and cash equivalents 19,477,306 4,846,507
Cash and cash equivalents, at beginning of period 17,305,001 14,046,766
Cash and cash equivalents, at end of period 36,782,307 18,893,273
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,901,688 2,175,102
Non-cash investing and financing activities:    
Distribution reinvestment 2,329,353 1,586,687
Distributions payable 94,466 170,987
Assumption of loans payable in conjunction with acquisitions of real estate   22,175,637
Fair value adjustment related to consolidation of net assets   4,476,918
Acquired non-controlling interests   $ 3,167,078
Mezzanine Loan Investment [Member]    
Changes in assets and liabilities:    
(Increase) in accrued investment income receivable $ (68,940)