Annual report pursuant to section 13 and 15(d)

Consolidated and Combined Balance Sheets

v2.4.0.8
Consolidated and Combined Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS:    
Investment properties, net $ 101,772,335 $ 43,345,665
Cash and cash equivalents 1,155,083 2,053,192
Rents and other tenant receivables, net 1,594,864 761,114
Deferred costs and other assets, net 20,847,984 6,527,906
Total Assets 125,370,266 52,687,877
LIABILITIES:    
Loans payable 94,562,503 31,843,503
Below market lease intangible, net 2,674,566 3,673,019
Accounts payable, accrued expenses and other liabilities 2,526,388 938,896
Total Liabilities 99,763,457 36,455,418
Commitments and contingencies (Note 7)      
EQUITY:    
Series A preferred stock (no par value, 500,000 shares authorized, 1,809 and no shares issued and outstanding, respectively) 1,458,050   
Common stock ($0.01 par value, 75,000,000 and 15,000,000 shares authorized, 7,121,000 and 3,301,502 shares issued and outstanding, respectively 71,210 33,015
Additional paid-in capital 28,169,693 14,097,453
Accumulated deficit (11,298,253) (5,443,099)
Total Shareholders' Equity 18,400,700 8,687,369
Noncontrolling interests 7,206,109 7,545,090
Total Equity 25,606,809 16,232,459
Total Liabilities and Equity $ 125,370,266 $ 52,687,877