Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Investment in real estate:    
Land $ 572,400 $ 572,400
Building and improvements 23,801,362 23,801,362
Total Investment in Real Estate 24,373,762 24,373,762
Less: accumulated depreciation (622,923) (329,580)
Investment in real estate, net 23,750,839 24,044,182
Cash and cash equivalents 341,422 301,402
Prepaid expense and other assets 25,019 2,793
Deferred financing costs, net 232,098 291,691
Total assets 24,349,378 24,640,068
Liabilities:    
Accounts payable and accrued expenses 138,227 338,764
Due to related party, net 506,718 330,768
Convertible debenture, due to majority shareholder 5,446,102 5,446,102
Notes payable to majority shareholder 388,195 38,195
Notes payable related to acquisitions 16,592,671 16,760,000
Total liabilities 23,071,913 22,913,829
Shareholders' equity:    
Preferred stock, $0.001 par value, 100,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock $0.001 par value, 500,000,000 shares authorized at June 30, 2015 and December 31, 2014, respectively; 250,000 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 250 250
Additional paid-in capital 3,011,790 3,011,790
Accumulated deficit (1,734,575) (1,285,801)
Total shareholders' equity 1,277,465 1,726,239
Total liabilities and shareholders' equity $ 24,349,378 $ 24,640,068