|
Consolidated Statements of Cash Flows Statement (USD $)
|
11 Months Ended |
|
Dec. 31, 2014
|
| Net loss |
$ (494,592) |
| Amortization of deferred financing costs |
21,064 |
| Other assets, net |
(514,868) |
| Accounts payable and other liabilities |
175,985 |
| Due to affiliates, net |
866,176 |
| Net cash provided by operating activities |
53,765 |
| Real estate acquisition deposits |
(2,000,000) |
| Net cash used in investing activities |
(2,000,000) |
| Deferred financing costs |
(1,923,146) |
| Issuance of common stock, net of discounts |
11,003,439 |
| Offering costs including dealer manager fees |
(1,154,894) |
| Distributions paid to common stockholders |
(6,798) |
| Distributions paid to noncontrolling interests |
(2,049) |
| Net cash provided by financing activities |
7,916,552 |
| Net increase in cash and cash equivalents |
5,970,317 |
| Cash and cash equivalents at the beginning of the period |
201,000 |
| Cash and cash equivalents at the end of the period |
6,171,317 |
| Increase in distributions payable - common stock |
14,345 |
| Increase in distributions payable - noncontrolling interest |
934 |
| Common stock issued pursuant to the distribution reinvestment plan |
$ 50,666 |