Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Real estate investments:    
Land $ 2,739,744 $ 0
Building and improvements 11,065,066 0
Tenant origination and absorption costs 1,759,061 0
Total real estate investments, cost 15,563,871 0
Accumulated depreciation and amortization (238,232) 0
Total real estate investments, net 15,325,639 0
Cash and cash equivalents 1,987,743 200,815
Restricted cash 390,672 0
Above-market lease intangible, net 156,909 0
Investment in Rich Uncles REIT I 1,995,700 0
Other assets 683,331 0
TOTAL ASSETS 20,539,994 200,815
LIABILITIES & STOCKHOLDERS’ EQUITY    
Unsecured credit facility, net 6,961,745 0
Mortgage note payable, net 7,134,713 0
Accounts payable and accrued liabilities 1,105,251 0
Due to affiliates 8,649 7,000
TOTAL LIABILITIES 15,210,358 7,000
Commitments and contingencies (Note 8)
Redeemable common stock 24,996 0
Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 643,671 shares issued and outstanding as of September 30, 2016 and 20,000 shares issued and outstanding as of December 31, 2015 644 20
Additional paid-in capital 6,215,652 199,980
Cumulative distributions and net losses (911,656) (6,185)
TOTAL STOCKHOLDERS' EQUITY 5,304,640 193,815
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 20,539,994 $ 200,815