Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Investment in real estate:    
Land $ 1,859,400 $ 572,400
Building and improvements 34,123,034 23,801,362
Total Investment in Real Estate 35,982,434 24,373,762
Less: accumulated depreciation (776,071) (329,580)
Investment in real estate, net 35,206,363 24,044,182
Cash and cash equivalents 300,579 301,402
Tenant receivables 25,058 0
Deferred rent receivable and other assets 1,226 2,793
Deferred financing costs, net 339,576 291,691
Total assets 35,872,802 24,640,068
Liabilities:    
Accounts payable and accrued expenses 315,816 338,764
Due to related parties, net 580,283 330,768
Convertible debenture, due to majority shareholder 9,991,940 5,446,102
Notes payable to majority shareholder 388,195 38,195
Notes payable related to acquisitions 23,880,796 16,760,000
Total liabilities 35,157,030 22,913,829
Shareholders' equity:    
Preferred stock, $0.001 par value, 100,000,000 shares authorized; no shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 0 0
Common stock $0.001 par value, 500,000,000 shares authorized at September 30, 2015 and December 31, 2014, respectively; 250,000 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 250 250
Additional paid-in capital 3,011,790 3,011,790
Accumulated deficit (2,296,268) (1,285,801)
Total shareholders' equity 715,772 1,726,239
Total liabilities and shareholders' equity $ 35,872,802 $ 24,640,068