|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2014
|
Feb. 11, 2014
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 6,171,317 |
$ 201,000 |
| Real estate acquisition deposits |
2,000,000 |
0 |
| Deferred financing costs, net |
1,902,082 |
0 |
| Other assets, net |
514,868 |
0 |
| Total assets |
10,588,267 |
201,000 |
| LIABILITIES AND EQUITY |
|
|
| Accounts payable and other liabilities |
175,985 |
0 |
| Distributions payable |
15,279 |
0 |
| Due to affiliates, net |
866,176 |
0 |
| Total liabilities |
1,057,440 |
0 |
| Commitments and contingencies (Note 7) |
|
|
| Common stock subject to redemption |
50,666 |
0 |
| Stockholders' equity: |
|
|
| Preferred Stock, $0.001 par value, 200,000,000 shares authorized; no shares outstanding, as of December 31, 2014 and February 11, 2014, respectively |
0 |
0 |
| Additional paid-in capital |
9,838,210 |
999 |
| Cumulative distributions |
(71,809) |
0 |
| Accumulated deficit |
(436,616) |
0 |
| Total stockholders' equity |
9,341,120 |
1,000 |
| Noncontrolling interests |
139,041 |
200,000 |
| Total equity |
9,480,161 |
201,000 |
| Total liabilities and equity |
10,588,267 |
201,000 |
| Class A |
|
|
| Stockholders' equity: |
|
|
| Class A Common Stock, $0.001 par value, 700,000,000 shares authorized; 1,133,773 and 100 shares outstanding as of December 31, 2014 and February 11, 2014, respectively |
$ 11,335 |
$ 1 |