7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 
      
    		                                       
      operating activities
    		                                       
      net income
    		-5,058,000 585,000 3,737,000 2,939,000 3,391,000 -1,952,000 2,314,000 551,000 4,833,000 14,177,000 2,173,000 1,848,000 10,029,000 3,833,000 4,286,000 5,487,000 5,368,000 4,164,000 3,323,000 2,592,000 -9,580,000 1,672,000 2,817,000 2,775,000 2,308,000 2,462,000 2,043,000 9,504,000 1,772,000 1,384,000 1,901,000 1,248,172 605,536 600,594 -2,541,302 -1,929,862 -1,982,826 -494,199 -1,946,563 
      adjustments to reconcile net income to net cash from operating activities:
    		                                       
      depreciation expense
    		11,213,000 11,307,000 10,307,000 10,194,000 9,993,000 10,127,000 10,113,000 10,204,000 10,100,000 10,468,000 10,494,000 10,580,000 10,128,000 9,898,000 9,402,000 9,046,000 8,639,000 8,292,000 7,848,000 7,364,000 6,954,000 6,593,000 5,836,000 5,585,000 5,006,000 4,608,000 3,867,000 3,679,000 3,614,000 3,445,000 2,906,000 2,556,692 2,175,668 1,850,587 1,346,053 806,383 585,449 544,002 398,830 
      amortization of acquired lease intangible assets
    		3,536,000 3,759,000 3,287,000 3,312,000 3,545,000 3,766,000 3,863,000 3,973,000 4,039,000 4,306,000 4,373,000 4,491,000 4,265,000 4,116,000 3,755,000 3,585,000 3,281,000 3,113,000 2,984,000 2,754,000 2,544,000 2,348,000 1,921,000 1,812,000 1,500,000 1,255,000 1,002,000 980,000 954,000 926,000 765,000 745,605 523,487 459,308 343,600     
      amortization of above market leases
    		113,000 -60,000 452,000 389,000 282,000 249,000 251,000 240,000 234,000 287,000 291,000 292,000 221,000 315,000 199,000 202,000 173,000 85,000 60,000 32,000 69,000 156,000 247,000 247,000 229,000 186,000 219,000             
      amortization of debt issuance costs and other
    		554,000 559,000 559,000 559,000 559,000 563,000 562,000 581,000 593,000 601,000 601,000 601,000 571,000 514,000 515,000 514,000 538,000 505,000 425,000 420,000 396,000 319,000 315,000                 
      stock-based compensation expense
    		1,207,000 1,728,000 151,000 1,276,000 1,274,000 1,319,000 1,233,000 1,222,000 1,185,000 1,147,000 688,000 1,066,000 1,039,000 1,289,000 1,287,000 1,242,000 1,241,000 1,612,000 1,715,000 1,928,000 1,572,000 897,000 922,000 843,000 868,000 854,000 771,000 693,000 741,000 1,055,000 182,000 315,276 340,287 720,827 419,610     
      capitalized preacquisition and other costs charged to expense
    		16,000   149,000 11,000 48,000 34,000 22,000 79,000 61,000 15,000 128,000 154,000 37,000 153,000                         
      reserve for uncollectible accounts
    		   0 0                                   
      (gain) loss on sale of investment properties
    		-294,000                                       
      impairment of investment property
    		                                       
      equity income from unconsolidated joint venture
    		32,000 51,000 40,000                                     
      other
    		24,000 45,000 25,000 7,000 -73,000 33,000 169,000 148,000 164,000   -47,000 23,000 16,000 29,000 24,000 16,000 12,000 10,000 -61,000 -1,000 20,000 26,000 23,000 12,000 37,000 33,000             
      changes in operating assets and liabilities:
    		                                       
      tenant receivables
    		-120,000 278,000 -680,000 698,000 -49,000 -1,152,000 -981,000 -87,000 -146,000 21,000 638,000 -1,658,000 -1,193,000 288,000 -407,000 -1,227,000 -240,000 799,000 11,000 870,000 -914,000 -807,000 -751,000 -910,000 -202,000 -376,000 -654,000 -1,161,000 -405,000 -86,000 -549,000 -87,694 -82,257 -187,374 -134,675 -35,066   -261,955 
      deferred assets
    		-558,000 -479,000 -57,000 -905,000 257,000 -402,000 -863,000 -385,000 -747,000 -920,000 -811,000 -949,000 -1,076,000 -1,017,000 -1,297,000 -1,148,000 -1,372,000 -1,374,000 -1,404,000 -1,345,000 -1,495,000 -1,292,000 -1,629,000 -1,205,000 -1,476,000 -1,473,000 -1,006,000 -1,214,000 -1,962,000 -1,457,000 -1,178,000 -1,069,043 -1,056,484 -779,862 -382,611 -458,918 -90,905 211,003 -342,422 
      other assets and liabilities
    		229,000 928,000 -2,987,000 3,022,000 -739,000 742,000 -1,033,000 1,329,000 -563,000 -14,000 -210,000 1,396,000 -1,133,000 855,000 -532,000 1,391,000 -1,384,000 -546,000 551,000                     
      accounts payable and accrued expenses
    		286,000 3,570,000 -1,254,000 2,830,000 425,000 1,785,000 -2,057,000 -1,168,000 -516,000 884,000 -1,223,000 503,000 1,939,000 2,651,000 -1,030,000 -1,032,000 2,094,000 1,149,000 -287,000 393,000 -2,451,000 1,569,000 2,051,000 -54,000 933,000 612,000 -634,000 85,000 180,000 -580,000 1,834,000 -267,426 228,257 35,576 1,358,593     
      security deposits
    		105,000 33,000 50,000 102,000 -751,000 -403,000 688,000 -225,000 -300,000 -475,000 -773,000 57,000 100,000 688,000 76,000 -60,000 215,000 18,000 27,000                1,380,252 121,999 278,094 0 319,499 
      net cash from operating activities
    		17,566,000 22,139,000 12,272,000 20,523,000 16,302,000 18,928,000 14,293,000 18,125,000 16,666,000 17,878,000 15,771,000 18,308,000 18,314,000 23,483,000 16,436,000 17,283,000 18,608,000 17,789,000 15,287,000 16,131,000 -5,479,000 11,608,000 12,260,000 9,746,000 10,017,000 10,516,000 6,148,000 5,734,000 4,177,000 5,628,000 9,295,000 4,324,847 3,463,870 2,994,847 819,436 -663,366 -1,854,974 910,821 -1,115,647 
      ​
    		                                       
      investing activities
    		                                       
      purchase of land, buildings, and other tangible and intangible assets and liabilities
    		0 -38,490,000 -31,978,000 -50,395,000    0 0   -335,000 -50,675,000 -75,449,000 -24,468,000 -26,512,000 -50,198,000 -72,197,000 -43,348,000 -80,862,000 -60,756,000 -7,600,000 -68,457,000 -73,545,000 -65,968,000 -94,631,000 -20,841,000 -46,986,000 -8,977,000 -59,309,000 -65,565,000 -38,684,539 -65,060,983 -40,407,660 -108,066,818     
      net proceeds from sale of investment properties
    		3,584,000 1,328,000 7,783,000 38,138,000 11,693,000   990,000 9,526,000                               
      distribution of capital from unconsolidated joint venture
    		39,000 25,000 33,000                                     
      escrow deposits for purchase of properties
    		0 476,000 -186,000 962,000 -752,000      -153,000 400,000 492,000 490,000 -1,284,000 781,000 -225,000 720,000 300,000 -520,000 200,000 600,000 -100,000 -475,000 725,000 -150,000 -1,472,000 948,000 -476,000 500,000 -798,000 -292,000 -309,448 1,557,772 -1,308,324 -290,000 50,000 -50,000 394,310 
      advances made to related parties
    		94,000 -41,000 -150,000  6,000 -47,000 -170,000  102,000 -70,000 -121,000  0 114,000 -288,000                         
      capital expenditures on existing real estate investments
    		-3,284,000 -1,965,000 -2,611,000 -3,473,000 -4,766,000 -3,202,000 -2,004,000 -3,826,000 -3,445,000 -1,524,000 -809,000 -1,611,000 -2,154,000 -953,000 -556,000 -7,785,000 -336,000 -887,000 -397,000 -696,000 -75,000 -130,000 -211,000 -1,487,000 -144,000 -184,000 -9,000             
      leasing commissions
    		-1,136,000 -558,000 -115,000 -2,803,000 -390,000 -2,003,000 -542,000 -374,000 -519,000                               
      net cash from investing activities
    		-703,000 -39,225,000 -27,224,000 -19,523,000 -25,488,000 1,785,000 -2,716,000 -3,114,000 5,664,000 61,974,000 3,092,000 -1,410,000 -33,448,000 -75,798,000 -26,596,000 -27,925,000 -50,769,000 -72,399,000 -43,572,000 -82,060,000 -65,653,000 -7,196,000 -68,763,000 -75,523,000 -65,200,000 -94,819,000 -22,655,000 -15,187,000 -10,860,000 -59,321,000 -66,250,000 -39,147,426 -65,441,619 -38,814,553 -109,249,402 -82,022,402 -30,694,316 -67,540 -37,573,329 
      financing activities
    		                                       
      net proceeds received from common equity offerings
    		   0        -83,000 0 1,769,000 8,210,000 11,089,000 -22,000 50,143,000 144,312,000 14,951,000 24,532,000   92,699,000 17,148,000 707,000 78,944,000 34,098,000    375        
      escrow deposits required by third party lenders
    		  -18,000 21,000 -17,000 312,000 -64,000 8,198,000 -136,000 -263,000 -639,000 -573,000 -444,000 -501,000 -456,000 -768,000 -214,000 -1,088,000 -646,000 -505,000 -649,000 -313,000 -72,000 -77,000 -72,000 -72,000 -72,000 -72,000 -72,000 -72,000 -72,000 -48,512 -8,508 -8,485 -8,495 -18,541 -8,474 -5,643 -829,519 
      repayment of notes payable
    		-13,004,000 -104,000 -160,000 -103,000 -154,000 -11,057,000 -230,000 -298,000 -336,000 -284,000 -344,000 -285,000 -321,000 -270,000 -282,000 -272,000 -7,285,000 -256,000 -190,000 -186,000 -120,000                   
      proceeds from credit facility
    		20,900,000 50,500,000 44,000,000 61,000,000 44,300,000 24,500,000 14,000,000 45,000,000 13,500,000 12,000,000 12,600,000 11,500,000 34,600,000 78,400,000 14,100,000 33,900,000 54,600,000 83,000,000 50,100,000 80,000,000 69,700,000 7,000,000 81,700,000 79,800,000 60,650,000 97,600,000 6,200,000             
      repayment of credit facility
    		-11,800,000 -15,000,000 -13,500,000 -44,200,000 -29,500,000 -18,100,000 -7,800,000 -21,000,000 -21,243,000 -79,357,000 -14,800,000 -10,500,000 0   -17,000,000 0 -55,400,000 -151,800,000 -13,000,000 -30,700,000 -17,250,000 -3,600,000 -95,675,000 -12,900,000               
      dividends paid to common stockholders, and op unit and ltip unit holders
    		-10,890,000 -15,234,000 -15,269,000 -15,109,000 -14,913,000 -14,900,000 -14,946,000 -14,818,000 -14,820,000 -14,688,000 -14,699,000 -14,641,000 -14,643,000 -14,610,000 -14,526,000 -13,961,000 -13,964,000 -13,260,000 -11,315,000 -10,356,000 -9,913,000 -9,644,000 -10,031,000 -8,004,000 -7,700,000 -7,686,000 -5,781,000 -4,889,000 -4,787,000           
      dividends paid to preferred stockholders
    		-1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,456,000 -1,455,000 -1,457,000 -1,454,000 -1,456,000 -1,455,000 -1,455,000 -1,455,000 -1,456,000 -1,455,000         
      net cash from financing activities
    		-16,249,000 18,724,000 13,598,000 153,000 9,157,000 -20,701,000 -10,495,000 -15,899,000 -24,503,000 -84,048,000 -19,337,000 -16,038,000 14,529,000 58,325,000 5,591,000 11,532,000 31,660,000 55,580,000 28,932,000 69,420,000 65,057,000 -7,951,000 66,194,000 67,136,000 55,137,000 86,867,000 14,972,000 10,474,000 4,318,000 52,479,000 57,242,000 33,155,209 56,720,453 39,496,904 97,115,434 21,008,907 111,322,478 1,224,242 30,011,987 
      net increase in cash and cash equivalents and restricted cash
    		614,000 1,638,000 -1,354,000 1,153,000 -29,000 12,000 1,082,000 -888,000 -2,173,000   860,000 -605,000 6,010,000 -4,569,000 890,000 -501,000 970,000 647,000 3,491,000 -6,075,000 -3,539,000 9,691,000 1,359,000 -46,000 2,564,000 -1,535,000             
      cash and cash equivalents and restricted cash—beginning of period
    		0 0 8,942,000 0 0 0 6,724,000 0 0 0 14,455,000 0 0 0 12,759,000 0 0 0 10,753,000  0 0 7,185,000 0 0 0 4,843,000 0 0 0 7,114,000         
      cash and cash equivalents and restricted cash—end of period
    		614,000 1,638,000 7,588,000 1,153,000 -29,000 12,000 7,806,000 -888,000 -2,173,000 -4,196,000 13,981,000 860,000 -605,000 6,010,000 8,190,000 890,000 -501,000 970,000 11,400,000  -6,075,000 -3,539,000 16,876,000 1,359,000 -46,000 2,564,000 3,308,000 1,021,000 -2,365,000 -1,214,000 7,401,000         
      supplemental cash flow information:
    		                                       
      cash payments for interest
    		7,862,000 7,758,000 6,568,000 7,047,000 6,942,000 6,176,000 6,407,000 6,859,000 7,004,000 8,147,000 8,139,000 6,367,000 6,206,000 4,788,000 4,258,000 4,400,000 4,125,000 4,580,000 4,602,000 4,568,000 4,423,000 4,093,000 3,823,000 4,595,000 4,166,000 3,807,000 3,714,000 3,971,000 3,514,000 3,347,000 2,245,000 1,817,792 1,448,374 1,649,766 830,068 402,959 2,661,522 697,336 337,609 
      noncash financing and investing activities:
    		                                       
      accrued dividends payable
    		66,000 -4,612,000 16,597,000 -14,000 254,000 124,000 16,156,000 79,000 7,000 194,000 15,854,000 44,000 -149,000 103,000 15,823,000 359,000 58,000 769,000 14,482,000 627,000 562,000   1,621,000 389,000   986,000 169,000 116,000 5,710,000 870,963 1,066,101 49,119 3,651,817 11,251    
      interest rate swap agreements fair value change recognized in other comprehensive loss
    		          7,264,000      -1,838,000 -804,000 -3,631,000 -1,432,000 -2,003,000 1,022,000 13,958,000 -3,922,000 1,303,000 3,550,000 2,022,000             
      ltip units and op units redeemed for common stock
    		                168,000     8,585,000 6,890,000  54,000 0 576,000             
      accrued capital expenditures and leasing commissions included in accounts payable and accrued expenses
    		-647,000 515,000 1,769,000 470,000 514,000 -504,000 1,946,000                                 
      recognition of lease liability related to right of use asset
    		0 2,429,000 3,851,000     0 0                               
      interest rate swap agreements fair value change recognized in other comprehensive income
    		 -13,117,000 4,900,000 16,670,000 -12,705,000 6,707,000 -4,160,000 5,844,000 2,520,000   2,209,000 -20,356,000 -5,770,000 -17,393,000                         
      ltip units redeemed for common stock
    		 0 67,000  104,000 4,000 205,000                                 
      gain on sale of investment properties
    		  -1,358,000 -5,765,000 -1,823,000   0 -2,289,000                               
      loss on extinguishment of debt
    		                                       
      investment in unconsolidated joint venture
    		                                       
      advances (made to) repayments received from related parties
    		                                       
      payment received on loan made to a tenant
    		           0                            
      payment for cmbs loan defeasance
    		                                       
      payment of debt issuance costs
    		           0 -3,208,000   0 0 -6,103,000 -74,000 -28,000 -1,138,000                   
      op units and ltip units redeemed for common stock
    		       0 0 305,000 122,000 0 0 0 682,000     2,636,000                    
      loan assumed in connection with a facility acquisition
    		           0                            
      op units issued for a property acquisition
    		       0 0                               
      write off of unamortized debt issuance costs from loan defeasance
    		                                       
      proceeds from sale of an investment property held in escrow
    		        0                               
      gain on sale of investment property
    		          -485,000 0                            
      net proceeds from sale of investment property
    		          4,175,000 0                            
      repayments received from advances (made to) related parties
    		                                       
      payment of debt issue costs
    		       0                                
      accrued capital expenditures included in accounts payable and accrued expenses
    		        -2,199,000 2,134,000 778,000 172,000 -504,000 -144,000 1,841,000 311,000                        
      net decrease in cash and cash equivalents and restricted cash
    		          -474,000                  -2,365,000           
      accrued management fee due to related party
    		                                       
      internalization - cash paid for acquisition of former advisor, net of cash acquired of 559
    		                   0                    
      proceeds from notes payable
    		                                       
      accrued common stock offering costs
    		                 -198,000 220,000 -89,000 99,000   247,000 -362,000 194,000 190,000             
      capitalized preacquisition costs charged to expense
    		               45,000 39,000 60,000 24,000 -36,000 32,000 128,000 7,000 69,000                
      noncash lease expense
    		                                       
      reserve for uncollectible receivables
    		               283,000 0    100,000                   
      accrued management fees due to related party
    		                   0 -2,022,000 20,000 275,000 105,000 38,000 249,000 192,000 38,000 10,000 14,000 17,000 259,904 175,431 1,227 6,438 -306,438 267,147 -60,000 90,000 
      loans (made to) repayments received from related parties
    		               112,000                        
      cmbs loan assumed in connection with a facility acquisition
    		                   0 0                   
      op units issued for property acquisitions
    		                                       
      initial recognition of lease liability related to right of use asset
    		                       0 0 797,000 2,346,000             
      loans to related parties
    		                                       
      loan repayments (made to) received from related parties
    		                  -127,000                     
      payment of accrued common stock offering costs
    		                      -269,000                 
      reserve and write off of uncollectible receivables
    		                                       
      other assets
    		                   75,000 -439,000 89,000 28,000 44,000 -191,000 5,000 32,000 86,000 -223,000 11,000 86,000 -122,110        
      security deposits and other
    		                   909,000 -244,000 -731,000 195,000 -11,000 481,000 1,759,000 -30,000 224,000 -1,124,000 140,000 2,784,000 -78,553 -238,697       
      loan repayments from (made to) related parties
    		                                       
      preacquisition costs
    		                                       
      proceeds from note payable
    		                   0                    
      redemption of ltip units
    		                           0 0 -105,000 -158,000         
      cash and cash equivalents and restricted cash—beginning of year
    		                                       
      cash and cash equivalents and restricted cash—end of year
    		                                       
      op units issued primarily for property acquisition
    		                                       
      loan repayments from related parties
    		                                       
      op units issued for property acquisition
    		                        0 0 506,000             
      loan repayments received from (made to) related party
    		                      5,000                 
      repayment of note payable
    		                      -35,000  -33,000               
      payments of debt issuance costs
    		                      -44,000                 
      accrued dividend payable
    		                      10,949,000    8,985,000             
      advisory expense settled in op units
    		                               154,503        
      net proceeds received from preferred stock offering
    		                               -187,720        
      repayment of note payable from related party
    		                               0 0       
      loans repaid to related party
    		                                       
      op units issued primarily for property acquisitions
    		                                       
      reclassification of common stock offering costs to additional paid-in capital
    		                           271,000    -499        
      reclassification of preferred stock offering costs to preferred stock balance
    		                               191        
      amortization of deferred financing costs and other
    		                        349,000 338,000 313,000 313,000            
      payments of deferred financing costs
    		                        -502,000 -393,000 -29,000  -1,627,000 -370,000 -753,000 -122,308 -515,668 -1,507,861 -769,163 -946,160 0 0 -1,090,079 
      accrued preacquisition costs for purchase of properties and tenant improvements
    		                        705,000               
      construction-in-process completed and transferred to real estate investments
    		                                       
      loan repayments made to related parties
    		                          -122,000             
      pre-acquisition costs for purchase of properties
    		                          -211,000 -221,000 139,000 -128,000 246,000 -153,459 -69,232 -5,049 125,740     
      borrowings repaid to related parties
    		                              -18,000         
      repayment of note payable from third party
    		                          -35,000             
      repayment of credit facility borrowings
    		                          -62,800,000             
      accrued pre-acquisition costs for purchase of properties and construction in process
    		                              271,000         
      amortization of above (below) market leases
    		                             181,000 113,000 115,030 25,016 -2,846 -8,200     
      capitalized acquisition costs charged to expense
    		                                       
      loans repayments (made to) from related party
    		                                       
      payments for tenant improvements
    		                           -521,000 -1,577,000           
      repayment of convertible debenture, due to related party
    		                                       
      proceeds received from notes payable from acquisitions
    		                                       
      repayment of notes payable from acquisitions
    		                                       
      proceeds received from note payable from related party
    		                                       
      proceeds from revolving credit facility
    		                           43,200,000 12,950,000 65,700,000 64,250,000 38,800,000 -18,400,000 15,600,000 101,200,000     
      repayment of revolving credit facility borrowings
    		                                       
      conversion of convertible debenture due to majority stockholder to common stock
    		                                       
      tenant improvements completed and transferred to real estate investments
    		                                       
      capitalized pre-acquisition costs charged to expense
    		                            86,000           
      (loans to) repayments from related parties
    		                            31,000           
      borrowings from related parties
    		                                       
      repayment of revolving credit facility
    		                            -3,900,000           
      interest rate swap fair value change recognized in other comprehensive loss
    		                                       
      accrued pre-acquisition costs for purchase of properties and tenant improvements
    		                            -873,000           
      op units issued for noncash transaction
    		                            0   10,300,000        
      accrued preferred stock offering costs
    		                                       
      amortization of deferred financing costs
    		                             553,000 430,000 383,786 340,637 340,905 158,672    90,241 
      net proceeds received from follow-on offering
    		                                       
      accrued deferred asset costs
    		                                       
      accrued deferred public offering costs
    		                                       
      reclassification of deferred follow-on offering costs to additional paid-in capital
    		                                       
      capitalized deal costs charged to expense
    		                              4,000   2,300 3,150     
      payments for construction in process
    		                              -133,000         
      dividends paid to common stockholders, and op and ltip unit holders
    		                              -4,552,000         
      net increase in cash and cash equivalents
    		                              287,000 -1,667,370    -61,676,861 78,773,188 2,067,523 -8,676,989 
      restricted cash
    		                               151,705 376,832 -391,393 -1,130,144 -119,890 -118,690 0 -319,499 
      loans repayments from (made to) related party
    		                               -17,428 -1,956       
      change in restricted cash
    		                               -117,023 -125,778 -125,778 297,579 -15,678 290,492 300,253 -510,705 
      loans (repaid to) from related party
    		                               -8,851   -450     
      (repayment of) proceeds from convertible debenture, due to related party
    		                                       
      proceeds from notes payable from acquisitions
    		                                    0 0 41,320,900 
      proceeds from note payable from related party
    		                                     0 450,000 
      cash and cash equivalents—beginning of period
    		                               -131 0 0 19,671,131 0 0 0 9,184,270 
      cash and cash equivalents—end of period
    		                               -1,667,501 -5,257,296 3,677,198 8,356,599 -61,676,861 78,773,188 2,067,523 507,281 
      payments on notes payable from acquisitions
    		                                    -14,600,986 -92,831 -9,317,351 
      dividends paid to stockholders
    		                                -3,607,727 -3,603,484 -3,604,037 -3,592,786 0 -121,551 -164,152 
      accrued capitalized offering costs
    		                                       
      loans from related party
    		                                      152,893 
      payments of deferred initial public offering costs
    		                                       
      net decrease in cash and cash equivalents
    		                                 3,677,198 -11,314,532     
      accrued deferred initial public offering costs
    		                                       
      accrued capitalized deal costs
    		                                       
      prepaid assets
    		                                      -27,925 
      loans to related party
    		                                    40 -17,540 -21,500 
      conversion of convertible debenture due to majority stockholder to shares of common stock
    		                                     0 15,000,000 
      cash paid for pre-acquisition costs
    		                                       
      acquisition of land, buildings, and other tangible and intangible assets and liabilities
    		                                       
      net proceeds received from initial public offering
    		                                   -70,351    
      loan (repayments to) received from related parties
    		                                       
      proceeds from convertible debenture, due to related party
    		                                       
      repayments of convertible debenture, due to related party
    		                                       
      proceeds from notes payable to related parties
    		                                   1,500,000    
      repayments of notes payable from related parties
    		                                       
      proceeds received from revolving credit facility
    		                                       
      proceeds from notes payable related to acquisitions
    		                                       
      payments on notes payable related to acquisitions
    		                                       
      conversion of convertible debenture due to related party to shares of common stock
    		                                       
      reclassification of deferred initial public offering costs to additional paid-in capital
    		                                   0    
      amortization of debt discount
    		                                    62,604   
      ltip unit compensation expense
    		                                       
      accrued expenses
    		                                    -1,509,305 357,531 884,147 
      purchase of buildings and improvements
    		                                    -30,744,356 0 -37,946,139 
      loans received from related parties
    		                                       
      repayment of notes payable from related parties
    		                                       
      conversion of convertible debenture due to zh usa, llc to shares of common stock
    		                                       
      loans from related parties
    		                                       
      proceeds from note payable to majority stockholder
    		                                       
      accounts receivable
    		                                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.