Annual report pursuant to section 13 and 15(d)

Consolidated and Combined Statements of Equity

v2.4.0.8
Consolidated and Combined Statements of Equity (USD $)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Capital Contributions [Member]
Accumulated Deficit [Member]
Total Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2011 $ 669,325 $ 505,000     $ 2,755,675 $ (2,591,350) $ 669,325  
Beginning Balance, Shares at Dec. 31, 2011   126,250            
Net proceeds from issuance of preferred stock 494,000 494,000         494,000  
Net proceeds from issuance of preferred stock, Shares   123,500            
Issuance of common stock, net of expenses 13,131,468   30,160 13,101,308     13,131,468  
Issuance of common stock, net of expenses, Shares     3,016,045          
Issuance of common units in conjunction with REIT formation transactions 2,771,806       (2,755,675) (1,311,068) (4,066,743) 6,838,549
Issuance of common units in conjunction with REIT formation transactions, Shares               1,730,129
Issuance of common units in conjunction with acquisitions 750,421             750,421
Issuance of common units in conjunction with acquisition, Shares               127,939
Conversion of preferred stock to common stock   (999,000) 2,855 996,145        
Conversion of preferred stock to common stock, Shares   (249,750) 285,457          
Dividends and distributions (378,904)         (378,904) (378,904)  
Net loss (1,205,657)         (1,161,777) (1,161,777) (43,880)
Ending Balance at Dec. 31, 2012 16,232,459   33,015 14,097,453   (5,443,099) 8,687,369 7,545,090
Ending balance, Shares at Dec. 31, 2012     3,301,502         1,858,068
Issuance of common stock, net of expenses 11,862,198   31,625 11,830,573     11,862,198  
Issuance of common stock, net of expenses, Shares     3,162,500          
Reclass of preferred stock to equity, net of expenses of $556,064 3,943,936 3,943,936         3,943,936  
Reclass of preferred stock to equity, net of expenses of $556,064, Shares   4,500            
Issuance of common units in conjunction with acquisitions 945,271             945,271
Issuance of common units in conjunction with acquisition, Shares               214,284
Conversion of preferred stock to common stock (7,168) (2,485,886) 6,570 2,472,148     (7,168)  
Conversion of preferred stock to common stock, Shares   (2,691) 656,998          
Adjustment for noncontrolling interest in operating partnership       (230,481)     (230,481) 230,481
Dividends and distributions (2,994,661)         (2,194,900) (2,194,900) (799,761)
Net loss (4,375,226)         (3,660,254) (3,660,254) (714,972)
Ending Balance at Dec. 31, 2013 $ 25,606,809 $ 1,458,050 $ 71,210 $ 28,169,693 $ 0 $ (11,298,253) $ 18,400,700 $ 7,206,109
Ending balance, Shares at Dec. 31, 2013   1,809 7,121,000         2,072,352