Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Rental revenue $ 1,762,769 $ 455,900 $ 3,061,747 $ 910,538
Other income 7,890 0 22,971 7,500
Total revenue 1,770,659 455,900 3,084,718 918,038
Expenses        
Acquisition fees - related party 0 0 754,000 0
General and administrative 368,210 76,474 1,256,739 140,781
Management fees - related party 90,000 90,000 180,000 180,000
Depreciation expense 544,002 141,007 942,832 293,343
Interest expense 1,262,646 280,846 2,391,909 624,888
Total expenses 2,264,858 588,327 5,525,480 1,239,012
Net loss $ (494,199) $ (132,427) $ (2,440,762) $ (320,974)
Net loss per share - Basic and Diluted (in dollars per share) $ (0.35) $ (0.53) $ (2.38) $ (1.28)
Weighted average shares outstanding - Basic and Diluted (in shares) 1,426,656 250,000 1,025,821 250,000