Registration statement for securities to be issued by real estate companies

STATEMENT OF CHANGES IN SHAREHOLDERS'/MEMBERS' EQUITY

v3.7.0.1
STATEMENT OF CHANGES IN SHAREHOLDERS'/MEMBERS' EQUITY - USD ($)
Common Shares
Additional Paid in Capital
Retained Earnings
Total
Balance at Dec. 31, 2014       $ 16,104,075
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]        
Member contributions       7,214,754
Member distributions       (1,396,215)
Net income       2,306,903
Balance at Dec. 31, 2015       24,229,517
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]        
Member contributions       5,084,730
Member distributions       (3,879,259)
Net income       3,050,627
Balance at Dec. 31, 2016 $ 2,220 $ (2,220) 28,485,615
Balance (in shares) at Dec. 31, 2016 2,220,000      
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]        
Member contributions       653,646
Member distributions       (2,460,125)
Conversion of members' equity into common stock $ 6,283 26,958,953   (26,965,236)
Conversion of members' equity into common stock (in shares) 6,283,237      
Initial public offering $ 2,600 11,023,400    
Initial public offering (in shares) 2,600,000      
Net income | Predecessor's Members' Equity       286,100
Net income     610,678 896,778
Balance at Mar. 31, 2017 $ 11,103 $ 37,980,133 $ 610,678
Balance (in shares) at Mar. 31, 2017 11,103,237