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CONSOLIDATED AND BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Real Estate:    
Total Real Estate, at cost $ 170,034,453 $ 128,456,692
Less, Accumulated Depreciation (1,679,046) (416,235)
Real Estate—Net 168,355,407 128,040,457
Cash and Cash Equivalents 22,358,521 12,341,978
Intangible Lease Assets—Net 28,410,110 22,357,633
Straight-Line Rent Adjustment 390,936 68,016
Deferred Expenses   577,272
Other Assets 1,097,774 787,317
Total Assets 220,612,748 164,172,673
Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 2,148,845 1,471,722
Prepaid Rent and Deferred Revenue 754,097 87,481
Intangible Lease Liabilities—Net 2,901,065 1,908,193
Long-Term Debt 56,467,132
Total Liabilities 62,271,139 3,467,396
Commitments and Contingencies
Equity:    
Preferred Stock, $0.01 par value per share, 100 million shares authorized, no shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
Common Stock, $0.01 par value per share, 500 million shares authorized, 7,904,006 shares issued and outstanding as of March 31, 2020 and 7,902,737 shares issued and outstanding December 31, 2019 79,040 79,027
Additional Paid-In Capital 137,392,197 137,947,575
Accumulated Deficit (2,307,774) (497,508)
Stockholders' Equity 135,163,463 137,529,094
Noncontrolling Interest 23,178,146 23,176,183
Total Equity 158,341,609 160,705,277
Total Liabilities and Equity 220,612,748 164,172,673
Land    
Real Estate:    
Total Real Estate, at cost 66,325,972 54,386,511
Buildings and Improvements    
Real Estate:    
Total Real Estate, at cost $ 103,708,481 $ 74,070,181