7Baggers

Plymouth Industrial REIT, Inc
(NYSE:PLYM) 

PLYM stock logo

Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire pro...

Full Time Employees: 27
Sector: Real Estate
Industry: REIT-Industrial
REIT
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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 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 
                                                    
      rental revenue
    		51,064,000 47,058,000 45,418,000 47,292,000 51,432,000 48,649,000 50,190,000 50,754,000 49,736,000 49,899,000 49,371,000 47,322,000 47,788,000 45,612,000 42,720,000 39,802,000 35,877,000 32,758,000 31,833,000 29,952,000 27,518,000 26,137,000 26,229,000 22,483,000 19,123,000 17,022,000 12,729,000 10,387,000 8,742,000 9,019,000 8,483,000 1,965,000 16,407,000 9,964,000 4,808,000 4,691,000 4,886,000 4,864,000 4,849,000          
      management fee revenue and other income
    		98,000 146,000 153,000 278,000 439,000 37,000 38,000 30,000 29,000  29,000 4,000 2,000 2,000 86,000 83,000 85,000 97,000                               
      total revenues
    		51,162,000 47,204,000 45,571,000 47,570,000 51,871,000 48,686,000 50,228,000 50,784,000 49,765,000 49,899,000 49,400,000 47,326,000 47,790,000 45,614,000 42,806,000 39,885,000 35,962,000 32,855,000 31,916,000 29,967,000 27,518,000 26,137,000 26,229,000 22,483,000 19,123,000 17,022,000 16,662,000 13,637,000 11,653,000 12,047,000 11,879,000 8,185,000 16,633,000 9,965,000 4,838,000 4,689,000 4,839,000 4,836,000 4,841,000          
      yoy
    		-1.37% -3.04% -9.27% -6.33% 4.23% -2.43% 1.68% 7.31% 4.13% 9.39% 15.40% 18.66% 32.89% 38.83% 34.12% 33.10% 30.69% 25.70% 21.68% 33.29% 43.90% 53.55% 57.42% 64.87% 64.10% 41.30% 40.26% 66.61% -29.94% 20.89% 145.54% 74.56% 243.73% 106.06% -0.06%              
      qoq
    		8.38% 3.58% -4.20% -8.29% 6.54% -3.07% -1.09% 2.05% -0.27% 1.01% 4.38% -0.97% 4.77% 6.56% 7.32% 10.91% 9.46% 2.94% 6.50% 8.90% 5.28% -0.35% 16.66% 17.57% 12.34% 2.16% 22.18% 17.03% -3.27% 1.41% 45.13% -50.79% 66.91% 105.97% 3.18% -3.10% 0.06% -0.10%           
      operating expenses:
    		                                                
      property
    		15,507,000 13,735,000 14,709,000 14,133,000 17,374,000 13,569,000 16,642,000 15,144,000 15,754,000 15,690,000 15,954,000 14,232,000 14,495,000 13,799,000 14,075,000 13,238,000 12,032,000 10,940,000 11,426,000 10,058,000 10,064,000 9,026,000 9,011,000 8,021,000 6,920,000 6,034,000 6,262,000 4,860,000 4,349,000 3,787,000 4,452,000 3,121,000 5,084,000 2,925,000 1,412,000 1,606,000 1,384,000 1,258,000 1,509,000          
      depreciation and amortization
    		23,408,000 19,827,000 19,352,000 21,004,000 21,010,000 21,347,000 22,368,000 22,793,000 22,881,000 23,417,000 23,800,000 23,553,000 24,860,000 24,208,000 22,691,000 19,658,000 18,305,000 16,902,000 15,777,000 14,826,000 13,985,000 13,520,000 14,097,000 11,074,000 9,399,000 8,476,000 8,432,000 7,553,000 6,249,000 6,444,000 6,542,000 4,942,000 9,056,000 5,557,000 3,028,000 2,979,000 2,991,000 3,058,000 3,108,000          
      general and administrative
    		3,834,000 4,871,000 4,123,000 3,938,000 3,582,000 3,880,000 3,364,000 4,318,000 3,297,000 3,842,000 3,447,000 4,163,000 4,078,000 4,146,000 3,552,000 3,338,000 3,264,000 3,309,000 3,009,000 2,984,000 2,280,000 2,576,000 2,522,000 2,009,000 2,135,000 1,691,000 1,725,000 1,733,000 1,394,000 1,533,000 1,373,000 2,030,000 3,159,000 1,933,000 911,000 1,009,000 917,000 1,262,000 1,494,000 2,981,556 111,420 39,529 -105,679 185,244 145,828 41,979 657,898 77,309 
      total operating expenses
    		42,749,000 38,433,000 38,184,000 39,075,000 41,966,000 38,796,000 42,374,000 42,255,000 41,932,000 42,949,000 43,201,000 41,948,000 43,433,000 42,153,000 40,318,000 36,234,000 33,601,000 31,151,000 30,212,000 27,868,000 26,329,000 25,122,000 25,630,000 21,104,000 18,454,000 16,201,000 16,419,000 14,146,000 11,992,000 11,764,000 12,367,000 10,110,000 17,385,000 10,497,000 5,370,000 5,558,000 6,316,000 6,234,000 6,466,000          
      other income:
    		                                                
      interest expense
    		-9,438,000 -7,454,000 -6,849,000 -8,044,000 -10,359,000 -9,411,000 -9,598,000 -9,686,000 -9,473,000 -9,584,000 -9,535,000 -8,914,000 -8,983,000 -7,925,000 -6,395,000 -5,479,000 -4,906,000 -4,825,000 -4,758,000 -4,622,000 -4,538,000 -4,900,000 -4,871,000 -3,887,000 -3,643,000 -3,576,000 -3,842,000 -3,957,000 -3,575,000 -4,216,000 -3,985,000 -3,219,000 -8,362,000 -5,743,000 13,784,000 -6,232,000 -7,829,000 11,057,000 19,559,000 -13,361,778 82,778        
      loss in investment of unconsolidated joint ventures
    		-7,411,000 -7,222,000 -8,048,000                                              
      merger transaction expenses
    		-2,777,000                                                
      gain on sale of real estate
    		  301,000 136,751,000 -234,000 849,000 8,030,000 10,534,000 12,112,000       1,185,000   590,000                              
      loss on financing transaction
    		-41,361,000   -3,664,250 -14,657,000                                            
      unrealized gain from interest rate swap
    		119,000 215,000 131,000                                              
      total other income
    		-60,868,000 -13,634,000 -380,000 144,090,000 -25,250,000 -8,562,000 -1,568,000 848,000 2,567,000 -9,584,000 -9,535,000 -8,914,000 -8,983,000 -7,925,000 -6,958,000 -8,304,000 -6,010,000 -5,685,000 -4,688,000                              
      loss before income tax benefit
    		-52,455,000                                                
      income tax benefit
    		 327,000                                               
      net income
    		-52,455,000 -4,536,000 7,007,000 150,098,000 -15,345,000 1,328,000 6,286,000 9,377,000 10,400,000 -2,634,000 -3,336,000 -3,536,000 -4,626,000 -4,464,000 -4,470,000 -4,653,000 -3,649,000 -3,981,000 -2,984,000 -2,542,000 -3,763,000 -3,885,000 -4,272,000 -2,508,000 -2,974,000 -2,857,000 -3,599,000 -4,450,000 -4,718,000 -7,534,000 -4,473,000 -4,913,000 -9,114,000 -6,275,000 -14,316,000 -7,095,000 -7,932,000 -12,455,000 -21,184,000 -16,064,993 -1,240,657 -748,952 -1,200,678 -758,136 -927,461 -616,028 -1,219,644 -947,215 
      yoy
    		241.84% -441.57% 11.47% 1500.70% -247.55% -150.42% -288.43% -365.19% -324.82% -40.99% -25.37% -24.01% 26.77% 12.13% 49.80% 83.04% -3.03% 2.47% -30.15% 1.36% 26.53% 35.98% 18.70% -43.64% -36.96% -62.08% -19.54% -9.42% -48.23% 20.06% -68.76% -30.75% 14.90% -49.62% -32.42% -55.84% 539.34% 1562.99% 1664.34% 2019.01% 33.77% 21.58% -1.56% -19.96%     
      qoq
    		1056.42% -164.74% -95.33% -1078.16% -1255.50% -78.87% -32.96% -9.84% -494.84% -21.04% -5.66% -23.56% 3.63% -0.13% -3.93% 27.51% -8.34% 33.41% 17.39% -32.45% -3.14% -9.06% 70.33% -15.67% 4.10% -20.62% -19.12% -5.68% -37.38% 68.43% -8.96% -46.09% 45.24% -56.17% 101.78% -10.55% -36.31% -41.21% 31.86% 1194.88% 65.65% -37.62% 58.37% -18.26% 50.56% -49.49% 28.76%  
      net income margin %
    		-102.53% -9.61% 15.38% 315.53% -29.58% 2.73% 12.51% 18.46% 20.90% -5.28% -6.75% -7.47% -9.68% -9.79% -10.44% -11.67% -10.15% -12.12% -9.35% -8.48% -13.67% -14.86% -16.29% -11.16% -15.55% -16.78% -21.60% -32.63% -40.49% -62.54% -37.65% -60.02% -54.79% -62.97% -295.91% -151.31% -163.92% -257.55% -437.60% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% 
      less: net loss attributable to non-controlling interest
    		-593,000         -30,000 -38,000 -40,000 -55,000 -55,000                                   
      less: net income attributable to redeemable non-controlling interest - series c preferred units
    		2,501,000 1,619,000 1,087,000 1,077,000 426,000                                            
      net loss attributable to plymouth industrial reit, inc.
    		-54,363,000         -2,604,000 -3,298,000 -3,496,000 -4,571,000 -4,409,000 -4,410,000 -4,587,000 -3,592,000 -3,910,000 -2,919,000 -2,477,000 -3,633,000 -3,676,000 -4,027,000 -2,331,000 -2,666,000 -2,477,000 -2,946,000 -3,700,000 -4,301,000 -6,705,000 -4,010,000 -4,424,000 -4,283,000 -1,601,000               
      less: amount allocated to participating securities
    		99,000 100,000 95,000 1,201,000 89,000 94,000 94,000 84,000 83,000 82,000 88,000 62,000 62,000 65,000 67,000 48,000 48,000 48,000 57,000 38,000 38,000 30,000 76,000 62,000 62,000 58,000 57,000 46,000 48,000 46,000 61,000                  
      net loss attributable to common stockholders
    		-54,462,000         -3,602,000 -4,304,000 -4,494,000 -7,990,000 -6,568,000 -7,676,000 -8,094,000 -7,099,000 -7,417,000 -6,435,000 -6,008,000 -7,138,000 -7,173,000 -7,570,000 -5,858,000 -6,194,000 -6,002,000 -6,469,000 -5,177,000 -5,305,000 -7,707,000 -5,027,000                  
      net income per share
    		-1.23 -0.14 0.13 3.25 -0.35 0.03 0.14 0.21 0.17              -0.53 -0.15 -0.68 -0.88 -1.37 -1.02 -1.22 -2.27 -1.38 -1.84 -2.61 -2.55 -10.78 -5.34 -5.97 -9.38 -15.95          
      weighted-average common shares outstanding - basic and diluted
    		44,150,057                                                
      gain on financing transaction
    		 827,000 14,085,000                                              
      income before income tax benefit
    		 -4,863,000                                               
      less: net income attributable to non-controlling interest
    		 -60,000 70,000 1,608,000 -170,000 14,000 68,000 101,000 114,000                                        
      net income attributable to plymouth industrial reit, inc.
    		 -6,095,000 5,850,000 147,413,000 -15,601,000 1,314,000 6,218,000 9,276,000 10,286,000                                        
      net income attributable to common stockholders
    		 -6,195,000 5,755,000 146,212,000 -15,690,000 1,220,000 6,124,000 9,192,000 7,505,000                                        
      weighted-average common shares outstanding - basic
    		 44,926,680                                               
      weighted-average common shares outstanding - diluted
    		 44,926,680                                               
      weighted-average common shares outstanding — basic
    		  45,086,639 44,989,288 45,009,273 44,991,220 44,936,597 43,554,504 44,056,855                                        
      weighted-average common shares outstanding — diluted
    		  45,095,867 45,046,432 45,009,273 45,027,503 44,970,884 43,631,693 44,139,603                                        
      loss on extinguishment of debt
    		        -72,000      -2,176,000                                  
      less: preferred stock dividends
    		        677,000 916,000 916,000 917,000 930,000 1,320,000 1,699,000 1,652,000 1,652,000 1,652,000 1,652,000 1,605,000 1,613,000 1,613,000 1,613,000 1,565,000 1,566,000 1,566,000 1,566,000                      
      less: loss on extinguishment/redemption of series a preferred stock
    		        2,021,000                                        
      less: loss on extinguishment of series a preferred stock
    		          2,000 19,000 56,000 24,000                                   
      earnings in investment of unconsolidated joint venture
    		              -147,000 -175,000 -178,000 -224,000 -273,000                              
      (appreciation) depreciation of warrants
    		                                                
      less: series b preferred stock accretion to redemption value
    		            2,371,000 750,000 1,500,000 1,807,000 1,807,000 1,807,000 1,807,000 1,854,000 1,854,000 1,854,000 1,854,000 1,900,000 1,900,000 1,901,000 1,900,000                      
      net loss basic and diluted per share attributable to common stockholders
    		         -0.08 -0.1 -0.1 -0.19 -0.17 -0.21 -0.23 -0.22 -0.25 -0.24 -0.17 -0.36 -0.49                           
      weighted-average common shares outstanding basic and diluted
    		         42,646,535 42,604,770 39,779,128 41,128,421 39,106,576 36,227,582 30,910,581 32,301,693 29,348,561 27,204,724 18,381,700 19,631,443 14,649,290 14,393,192 8,503,375 9,081,180 6,835,878 4,727,675 4,027,329 4,350,687 3,400,012 3,647,272 2,149,977 1,642,394 629,057               
      unrealized (appreciation) depreciation of warrants
    		           440,000   1,760,000 -3,312,000 -926,000 -636,000                               
      less: loss attributable to non-controlling interest
    		              -60,000 -66,000 -57,000 -71,000 -65,000 -65,000 -130,000 -209,000 -245,000 -177,000 -308,000 -380,000 -653,000 -750,000 -417,000 -829,000 -463,000                  
      impairment on real estate lease
    		                    -311,000                            
      management fee revenue
    		                  83,000                              
      unrealized appreciation of warrants
    		                  -247,000                              
      unrealized appreciation/(depreciation) of warrants
    		                   -25,750 -103,000                            
      total other expense
    		                   -3,680,750 -4,952,000 -4,900,000 -4,871,000 -2,810,500 -3,643,000 -3,678,000 -3,842,000 -3,941,000 -4,379,000 -7,817,000 -3,985,000 -2,988,000 -8,362,000 -5,743,000 13,784,000 -9,267,500 -6,455,000 11,057,000 19,559,000          
      change in fair value of warrant derivative
    		                         -102,000                       
      other
    		                                                
      other revenue
    		                           8,000 5,000 71,000 450,000                  
      other expense:
    		                                                
      tenant recoveries
    		                          3,933,000 3,242,000 2,906,000 2,957,000 2,946,000                  
      operating income
    		                          243,000 -509,000 -339,000 283,000 -488,000 -1,925,000 -752,000 -532,000 -532,000 -869,000 -1,477,000 -1,398,000 -1,625,000          
      yoy
    		                          -149.80% -73.56% -54.92% -153.20% -8.27% 121.52% -49.09% -61.95% -67.26%              
      qoq
    		                          -147.74% 50.15% -219.79% -157.99% -74.65% 155.98% 41.35% 0.00% -38.78% -41.16% 5.65% -13.97%           
      operating margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1.46% -3.73% -2.91% 2.35% -4.11% -23.52% -4.52% -5.34% -11.00% -18.53% -30.52% -28.91% -33.57% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 
      acquisition costs
    		                               17,000 86,000 82,000 19,000 -36,000 86,000 656,000 355,000 2,128,971 544,029 100,000       
      loss on debt extinguishment
    		                           -1,101,250 -804,000 -3,601,000                   
      less: series a preferred stock dividends
    		                           717,000 956,000 956,000 956,000                  
      other income
    		                               56,500 226,000 1,000               
      net loss attributable to non-controlling interest
    		                               -1,207,750 -4,831,000 -4,674,000               
      equity investment income
    		                                  30,000 -2,000 -47,000 -28,000 -8,000    -44,224.5 -27,636  23,263 -109,519 16,477 
      weighted-average common shares used in computing net loss per share – basic and diluted
    		                                  1,327,859  1,327,859            
      offering costs
    		                                    938,000            
      gain on disposition of equity investment
    		                                   6,000 1,374,000            
      weighted-average common shares used in computing net loss per share--basic and diluted
    		                                     1,327,859           
      weighted-average common shares used in computing net loss per share-basic and diluted
    		                                      1,327,859          
      income
    		                                                
      investment income
    		                                       63,532 118,817 100,273       
      interest income
    		                                       0.25  1 10 1 4    
      total income
    		                                       63,532.25 118,817 100,274 -44,223.25 -27,635 -172,520 23,263 -109,519 16,477 
      expenses
    		                                                
      professional services
    		                                       97,749.25 180,742 113,831 234,224 325,482 219,582 40,000 278,061 455,260 
      marketing
    		                                       4,588.25 8,250 9,391 133,072 65,153 91,535 1,825   
      rent and lease costs
    		                                       61,985.75 83,449 103,088 41,813 38,435 81,344    
      directors’ fees, including stock compensation
    		                                                
      insurance
    		                                       11,740.75 7,078 20,214 41,047 12,439 62,561 18,969   
      compensation
    		                                       216,657.25 341,728 463,173       
      total expenses
    		                                       633,839.5 1,276,696 849,226 789,040 730,501 754,941 639,291 1,110,125 963,692 
      net operating loss
    		                                       -570,307.25 -1,157,879        
      weighted-average number of shares outstanding
    		                                        1,325,792 1,312,338 681,631 632,884 413,282 216,040   
      loss per basic and diluted share
    		                                       -0.46 -0.94 -0.57       
      realized gain on sale of reit securities
    		                                              51.25  
      directors fees, including stock compensation
    		                                          33,375 42,000 49,500 42,000   
      commissions and fees
    		                                                
      salary reimbursement
    		                                          61,728 61,748 104,591 426,788   
      basic and diluted loss per share
    		                                          -1.1 -1.2   1.23 -17.01 
      equity investment loss
    		                                            -172,524    
      basic and diluted income per share
    		                                            -2.24 -2.85   
      commissions
    		                                             30,080   
      rent
    		                                             37,650 15,298 79,821 
      commissions fees
    		                                              3,000 105,900 
      payroll
    		                                              61,350.5 245,402 
      weighted-average shares outstanding
    		                                              167,853 55,699 
    Balance Sheets:
    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 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 
                                                        
        assets
      		                                                  
        real estate properties
      		1,691,214,000 1,685,321,000 1,480,793,000 1,418,305,000 1,393,892,000 1,548,517,000 1,551,254,000 1,567,866,000 1,570,624,000 1,571,334,000 1,563,493,000 1,555,846,000 1,538,416,000 1,501,917,000 1,442,651,000 1,254,007,000 1,062,748,000 960,620,000 940,759,000 886,681,000 786,425,000 738,024,000 737,150,000 655,788,000 565,394,000 474,734,000 458,933,000 452,610,000 347,065,000 320,863,000 304,227,000 303,402,000 190,135,000 139,326,000 138,553,000 138,236,000 138,231,000 138,208,000 138,135,000 138,112,000           
        less accumulated depreciation
      		-309,357,000 -291,874,000  -261,608,000  -292,454,000 -277,253,000 -268,046,000 -254,402,000 -239,306,000 -222,418,000 -205,629,000 -189,170,000 -172,678,000 -156,585,000 -142,192,000 -129,910,000 -118,523,000 -108,344,000 -98,283,000 -89,059,000 -80,452,000 -71,963,000 -63,877,000 -57,331,000 -51,676,000 -46,438,000 -41,279,000 -36,830,000 -32,809,000 -28,828,000 -25,013,000 -22,094,000 -19,816,000 -10,383,000 -8,522,000 -6,641,000 -4,760,000 -2,880,000 -1,004,000           
        cash
      		15,824,000 11,399,000 19,126,000 17,546,000 21,383,000 23,548,000 16,812,000 14,493,000 12,034,000 19,010,000 20,396,000 11,003,000 16,341,000 16,566,000 25,610,000 26,232,000 63,712,000 13,229,000 12,687,000 15,668,000 15,352,000 13,975,000 30,371,000 10,465,000 25,720,000 13,044,000 5,171,000 5,394,000 5,966,000 4,311,000 6,382,000 12,915,000 6,473,000 28,981,000 925,000 698,000 1,687,000 958,000 2,543,000 4,974,000 178,221 350,819 633,454 265,952 4,175,202 617,995 175,356    
        cash held in escrow
      		1,990,000 1,821,000 818,000 1,964,000 4,780,000 5,598,000 3,222,000 4,716,000 11,143,000 12,498,000 11,189,000 13,376,000 13,156,000 13,055,000 10,522,000 11,893,000 10,488,000 11,666,000 10,788,000 11,939,000 10,026,000 11,444,000 8,902,000 9,453,000 8,571,000 8,775,000 7,200,000 7,808,000 3,875,000 6,221,000 5,511,000 5,074,000 3,467,000 3,221,000                 
        restricted cash
      		24,158,000 24,255,000 23,578,000 24,117,000 7,393,000 6,983,000 7,203,000 6,995,000 7,095,000 7,009,000 6,847,000 6,834,000 6,756,000 6,445,000 6,137,000 5,249,000 4,743,000 4,419,000 4,688,000 4,447,000 4,265,000 3,827,000 2,465,000 2,480,000 2,510,000 2,375,000 1,750,000 1,759,000 1,716,000 1,596,000 1,204,000 1,174,000 878,000 687,000 750,000 757,000 757,000 739,000 738,000 744,000       173,509    
        investment in unconsolidated joint ventures
      		39,696,000 47,107,000 54,329,000 62,377,000                                               
        deferred lease intangibles
      		52,570,000 54,509,000 44,711,000 41,677,000 44,458,000 42,434,000 46,396,000 51,474,000 56,316,000 60,304,000 66,109,000 70,718,000 76,674,000 82,771,000 84,978,000 75,864,000 68,703,000 64,510,000 68,922,000 66,116,000 58,693,000 57,328,000 62,253,000 57,088,000 45,768,000 34,931,000 35,339,000 37,940,000 25,057,000 25,020,000 25,297,000 27,619,000 16,446,000 8,680,000 13,560,000 14,773,000    19,424,000           
        other assets
      		46,204,000 40,909,000 41,167,000 42,622,000 49,256,000 40,445,000 39,670,000 42,734,000 39,585,000 38,631,000 37,798,000 39,055,000 36,566,000 35,485,000 34,850,000 33,919,000 35,948,000 27,721,000 25,919,000 27,019,000 21,122,000 20,501,000 22,091,000 14,084,000 11,214,000 10,525,000 11,551,000 5,931,000 6,409,000 7,430,000 5,284,000 4,782,000 2,286,000 2,733,000 1,144,000 1,122,000 1,039,000 1,755,000 2,458,000 1,724,000           
        interest rate swaps
      		8,178,000 10,295,000 13,157,000 17,760,000 13,237,000 25,328,000 26,382,000 21,667,000 34,115,000 31,180,000 23,045,000 30,115,000 32,404,000 15,928,000 10,068,000                                    
        forward contract asset
      		  5,185,000 3,658,000 9,116,000                                              
        total assets
      		1,570,477,000 1,583,742,000 1,406,264,000 1,368,418,000 1,496,411,000 1,421,795,000 1,435,145,000 1,441,899,000 1,476,510,000 1,500,660,000 1,506,459,000 1,521,318,000 1,531,143,000 1,499,489,000 1,458,231,000 1,270,805,000 1,122,440,000 969,828,000 961,829,000 920,270,000 806,824,000 764,647,000 791,269,000 685,481,000 601,846,000 492,708,000 473,506,000 470,163,000 353,258,000 332,632,000 319,077,000 329,953,000 197,591,000 163,812,000 147,517,000 150,051,000 154,105,000 157,920,000 163,271,000 169,528,000 6,931,004 5,469,382 5,538,228 5,198,594 5,548,026 2,062,185 2,000,290 1,842,633 2,490,016 201,250 
        liabilities, redeemable non-controlling interest and equity
      		                                                  
        liabilities:
      		                                                  
        secured debt
      		173,727,000 174,485,000 175,236,000 175,980,000 176,717,000 262,834,000 265,619,000 266,887,000 377,714,000 386,191,000 387,942,000 389,531,000 390,944,000 392,315,000 393,580,000 352,075,000 336,225,000 326,585,000 327,752,000 328,908,000 411,003,000 397,150,000 398,272,000 318,558,000 319,448,000 287,990,000 288,036,000  245,627,000 251,919,000                     
        unsecured debt
      		448,297,000 448,102,000 447,935,000 447,741,000 448,465,000 448,326,000 448,158,000 447,990,000 447,823,000 447,655,000 447,494,000 447,345,000 447,182,000 447,126,000 297,850,000 297,840,000 247,729,000 99,333,000 99,293,000 99,254,000                               
        borrowings under line of credit
      		221,900,000 214,200,000 84,500,000 20,000,000 196,400,000 155,400,000 155,400,000 155,400,000 65,000,000 87,500,000 87,500,000 77,500,000 67,500,000 40,500,000 169,000,000 38,000,000  68,000,000 98,000,000 90,000,000  70,100,000 99,100,000 78,900,000   32,763,000 28,187,000 35,133,000 18,678,000 22,823,000 20,837,000 23,303,000                  
        accounts payable, accrued expenses and other liabilities
      		90,472,000 82,785,000 78,739,000 83,827,000 83,397,000 67,492,000 68,049,000 73,904,000 75,112,000 70,492,000 70,739,000 72,551,000 74,701,000 70,841,000 64,154,000 66,880,000 61,074,000 55,284,000 52,037,000 49,335,000 45,491,000 42,598,000 42,541,000 36,284,000 32,222,000 26,577,000 24,870,000 21,996,000 17,101,000 16,864,000 15,174,000 16,015,000 7,476,000 5,363,000 5,870,000 4,268,000 3,844,000 3,895,000 3,982,000 4,149,000           
        warrant liability
      		62,069,000 32,502,000 33,090,000 45,908,000 73,335,000                                              
        embedded derivative liability - series c preferred units
      		11,793,000                                                  
        financing lease liability
      		2,305,000 2,302,000 2,299,000 2,297,000 2,290,000 2,284,000 2,278,000 2,271,000 2,265,000 2,260,000 2,254,000 2,248,000 2,243,000 2,237,000 2,232,000 2,227,000 2,221,000 2,216,000 2,212,000 2,207,000                               
        total liabilities
      		1,017,502,000 962,161,000 827,321,000 781,299,000 1,054,766,000 941,475,000 945,283,000 953,657,000 974,518,000 1,001,277,000 1,003,943,000 998,093,000 992,182,000 963,356,000 937,743,000 767,295,000 656,928,000 561,343,000 590,122,000 581,054,000 465,554,000 517,736,000 548,436,000 442,056,000 359,249,000 320,960,000 352,264,000 346,243,000 304,300,000 294,118,000 270,763,000 269,811,000   222,872,000 211,090,000 208,049,000    3,240,857 538,578 193,721 240,191 402,896 262,812 437,616 430,932   
        commitments and contingencies
      		                                                  
        redeemable non-controlling interest - series c preferred units, 500,000 units authorized,
      		77,694,000 76,123,000 1,737,000 1,259,000 426,000                                              
        equity:
      		                                                  
        common stock
      		446,000 448,000 456,000 454,000 454,000 454,000 453,000 452,000 452,000 431,000 430,000 428,000 428,000 401,000 370,000 361,000 343,000 310,000 283,000 253,000 247,000 159,000 148,000 141,000 134,000 88,000 51,000 49,000 49,000 36,000 36,000 39,000                   
        additional paid in capital
      		559,446,000 572,496,000 594,989,000 604,839,000 614,716,000 624,810,000 634,651,000 644,938,000 654,346,000 616,414,000 624,942,000 635,068,000 644,447,000 604,013,000 542,523,000 532,666,000 492,003,000 434,161,000 394,523,000 360,752,000 364,560,000 265,774,000 258,404,000 256,259,000 249,827,000 177,557,000 125,739,000 126,327,000 129,392,000 114,085,000 116,183,000 123,270,000 125,231,000 123,448,000 12,467,000 12,467,000 12,467,000 12,467,000 12,467,000 12,467,000        3,620,709 3,432,490 199,800 
        accumulated deficit
      		-97,870,000 -43,507,000 -37,412,000 -43,262,000 -190,675,000 -175,074,000 -176,388,000 -182,606,000 -191,882,000 -200,147,000 -197,543,000 -194,243,000 -190,728,000 -186,101,000 -181,668,000 -177,258,000 -172,671,000 -169,079,000 -165,169,000 -162,250,000 -159,739,000 -156,106,000 -152,430,000 -148,403,000 -146,072,000 -143,406,000 -140,929,000 -137,983,000 -134,283,000 -129,982,000 -123,277,000 -119,213,000 -114,789,000 -112,107,000 -87,835,000 -73,519,000 -66,424,000 -58,493,000 -46,038,000 -24,854,000 -8,789,917 -7,549,260 -6,800,308 -6,235,036 -4,857,439 -3,941,901 -2,956,287    
        accumulated other comprehensive income
      		8,039,000 10,133,000 12,964,000 17,517,000 11,969,000 24,998,000 25,859,000 20,233,000 33,695,000 30,792,000 22,750,000 29,739,000 32,002,000 15,720,000 9,933,000                                    
        total stockholders' equity
      		470,061,000 539,570,000 570,997,000 579,548,000 436,464,000 475,188,000 484,575,000 483,017,000 496,611,000 447,490,000 450,579,000 470,992,000 486,149,000 434,033,000 371,158,000 355,769,000 319,675,000 265,392,000 229,637,000 198,755,000 205,068,000 109,827,000 106,122,000 107,997,000 103,889,000 34,239,000   -4,842,000 -15,861,000 -7,058,000 4,096,000        -12,374,000           
        non-controlling interest
      		5,220,000 5,888,000 6,209,000 6,312,000 4,755,000 5,132,000 5,287,000 5,225,000 5,381,000 5,090,000 5,134,000 5,389,000 5,563,000 5,302,000 4,920,000 4,831,000 4,734,000 3,797,000 4,581,000 4,767,000 1,979,000 4,715,000 6,196,000 6,767,000 11,947,000 12,648,000 13,421,000 14,467,000 4,932,000 5,507,000 6,494,000 7,115,000 7,762,000                  
        total equity
      		475,281,000 545,458,000 577,206,000 585,860,000 441,219,000 480,320,000 489,862,000 488,242,000 501,992,000 452,580,000 455,713,000 476,381,000 491,712,000 439,335,000 376,078,000 360,600,000 324,409,000 269,189,000 234,218,000 203,522,000 207,047,000 114,542,000 112,318,000 114,764,000 115,836,000 46,887,000 -1,718,000 2,860,000 90,000 -10,354,000 -564,000 11,211,000 18,243,000 11,378,000       3,690,147 4,930,804 5,344,505 4,958,403 5,145,130 1,799,373 1,562,674 1,411,701 2,490,016 201,250 
        total liabilities, redeemable non-controlling interest and equity
      		1,570,477,000 1,583,742,000 1,406,264,000 1,368,418,000 1,496,411,000                                              
        less: accumulated depreciation
      		  -276,600,000  -246,652,000                                              
        real estate assets held for sale
      		    199,548,000                                              
        real estate liabilities held for sale
      		    67,982,000                                              
        net investment in sales-type lease
      		     21,396,000 21,459,000                                            
        liabilities and equity
      		                                                  
        total liabilities and equity
      		     1,421,795,000 1,435,145,000                          197,591,000 163,812,000       6,931,004 5,469,382 5,538,228 5,198,594   2,000,290 1,842,633 2,490,016 201,250 
        liabilities, preferred stock and equity
      		                                                  
        preferred stock, par value 0.01 per share...
      		                                                  
        series a: 0 and 1,955,513 shares issued and outstanding at december 31, 2023 and 2022, respectively
      		                                                  
        total liabilities, preferred stock and equity
      		       1,441,899,000 1,476,510,000 1,500,660,000 1,506,459,000 1,521,318,000 1,531,143,000 1,499,489,000 1,458,231,000 1,270,805,000 1,122,440,000 969,828,000 961,829,000 920,270,000 806,824,000 764,647,000 791,269,000 685,481,000 601,846,000 492,708,000 473,506,000 470,163,000                       
        series a: 0 and 1,955,513 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively
      		                                                  
        series a: 1,953,783 and 1,955,513 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively
      		         46,803,000                                         
        series a: 1,953,783 and 1,955,513 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively
      		          46,803,000                                        
        investment in unconsolidated joint venture
      		               5,833,000 6,008,000 6,186,000 6,410,000 6,683,000                               
        series a: 1,955,513 and 2,023,551 shares issued and outstanding at december 31, 2022 and 2021, respectively
      		           46,844,000                                       
        series b: 0 and 4,411,764 shares issued and outstanding at december 31, 2022 and 2021, respectively
      		                                                  
        series a: 1,972,427 and 2,023,551 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively
      		            47,249,000                                      
        series b: 0 and 4,411,764 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively
      		                                                  
        series a: 2,007,170 and 2,023,551 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively
      		             48,081,000                                     
        series b: 2,205,882 and 4,411,764 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively
      		             48,717,000                                     
        series a: 2,023,551 and 2,023,551 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively
      		              48,473,000                                    
        series b: 4,411,764 shares issued and outstanding at march 31, 2022 and december 31, 2021,
      		              95,937,000                                    
        series a; 2,023,551 and 2,023,999 shares issued and outstanding at december 31, 2021 and 2020, respectively
      		               48,473,000                                   
        series b; 4,411,764 shares issued and outstanding at december 31, 2021 and 2020
      		               94,437,000                                   
        series a: 2,023,551 and 2,023,999 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively
      		                48,473,000                                  
        series b: 4,411,764 shares issued and outstanding at september 30, 2021 and december 31, 2020,
      		                92,630,000                                  
        series a: 2,023,551 and 2,023,999 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively
      		                 48,473,000                                 
        series b: 4,411,764 shares issued and outstanding at june 30, 2021 and december 31, 2020,
      		                 90,823,000                                 
        series a: 2,023,551 and 2,023,999 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively
      		                  48,473,000                                
        series b: 4,411,764 shares issued and outstanding at march 31, 2021 and december 31, 2020,
      		                  89,016,000                                
        series a; 2,023,999 and 2,040,000 shares issued and outstanding at december 31, 2020 and 2019, respectively
      		                   48,485,000                               
        series b; 4,411,764 shares issued and outstanding at december 31, 2020 and 2019
      		                   87,209,000                               
        series a: 2,040,000 shares issued and outstanding at september 30, 2020 and december 31, 2019
      		                    48,868,000                              
        series b: 4,411,764 shares issued and outstanding at september 30, 2020 and december 31, 2019,
      		                    85,355,000                              
        series a: 2,040,000 shares issued and outstanding at june 30, 2020 and december 31, 2019
      		                     48,868,000                             
        series b: 4,411,764 shares issued and outstanding at june 30, 2020 and december 31, 2019,
      		                     83,501,000                             
        series a: 2,040,000 shares issued and outstanding at march 31, 2020 and december 31, 2019
      		                      48,868,000                            
        series b: 4,411,764 shares issued and outstanding at march 31, 2020 and december 31, 2019,
      		                      81,647,000                            
        series a; 2,040,000 shares issued and outstanding at december 31, 2019 and 2018
      		                       48,868,000                           
        series b; 4,411,764 shares issued and outstanding at december 31, 2019 and 2018
      		                       79,793,000                           
        series a: 2,040,000 shares issued and outstanding at september 30, 2019 and december 31, 2018
      		                        48,868,000                          
        series b: 4,411,764 shares issued and outstanding at september 30, 2019 and december 31, 2018,
      		                        77,893,000                          
        series a; 2,040,000 shares issued and outstanding at june 30, 2019 and december 31, 2018
      		                         48,868,000                         
        series b; 4,411,764 shares issued and outstanding at june 30, 2019 and december 31, 2018,
      		                         75,993,000                         
        series a; 2,040,000 shares issued and outstanding at march 31, 2019 and december 31, 2018
      		                          48,868,000                        
        series b; 4,411,764 shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively
      		                          74,092,000                        
        equity
      		                                                  
        total stockholders'
      		                          -15,139,000                        
        secured mortgage debt
      		                           288,993,000   195,600,000 195,431,000                   
        mezzanine debt to investor
      		                               29,364,000 29,346,000 29,319,000                 
        deferred interest
      		                              1,575,000 1,357,000 765,000 200,000 15,696,000 8,081,000 7,996,000 6,301,000 4,551,000 1,653,000           
        series a; 2,040,000 shares issued and outstanding at december 31, 2018 and 2017
      		                           48,868,000                       
        series b; 4,411,764 and no shares issued and outstanding at december 31, 2018 and 2017, respectively
      		                           72,192,000                       
        total stockholders' (deficit) equity
      		                           -11,607,000                       
        liabilities, series a preferred stock and equity
      		                                                  
        mezzanine debt
      		                              29,330,000                    
        preferred stock, series a; 0.01 par value...
      		                            48,868,000 48,868,000 48,878,000 48,931,000                   
        total liabilities, series a preferred stock and equity
      		                            353,258,000 332,632,000 319,077,000 329,953,000                   
        redeemable preferred member interest in subsidiary
      		                                                  
        senior secured debt
      		                                116,547,000 116,402,000                 
        total
      		                                179,348,000 152,434,000                 
        plymouth industrial reit, inc. stockholders' equity
      		                                                  
        preferred stock, 0.01 par value...
      		                                                  
        common stock, 0.01 par value...
      		                                39,000 37,000 13,000 13,000 13,000 13,000  13,000           
        total plymouth industrial reit, inc. stockholders' equity
      		                                10,481,000 11,378,000                 
        real estate properties - net
      		                                  128,170,000  131,590,000 133,448,000 135,255,000            
        investments in real estate joint ventures
      		                                  2,968,000 2,987,000 3,065,000 3,520,000 3,701,000 3,722,000           
        liabilities and stockholders’ equity
      		                                                  
        liabilities
      		                                                  
        senior debt
      		                                  199,500,000                
        deferred lease intangibles - below market leases
      		                                  1,806,000  2,074,000 2,208,000 2,340,000            
        stockholders' deficit
      		                                                  
        preferred stock, par value 0.01 par value...
      		                                                  
        total stockholders' deficit
      		                                  -75,355,000 -61,039,000 -53,944,000 -46,013,000 -33,558,000            
        total liabilities and stockholders' deficit
      		                                  147,517,000 150,051,000 154,105,000 157,920,000 163,271,000            
        deferred financing costs
      		                                    129,000 574,000 429,000 1,832,000           
        liabilities and stockholders' equity
      		                                                  
        senior debt, net of discount
      		                                   196,800,000 194,135,000 191,529,000 185,956,000 173,627,000           
        stockholders' equity
      		                                                  
        deferred intangible assets
      		                                    15,838,000 16,926,000 18,147,000            
        total liabilities:
      		                                     203,933,000 196,829,000 181,902,000           
        stockholders' deficit:
      		                                                  
        none issued and outstanding
      		                                                  
        1,327,859 shares issued and outstanding
      		                                      13,000            
        deferred lease intangibles- below market leases
      		                                       2,473,000           
        total liabilities and stockholders' equity
      		                                       169,528,000           
        investments
      		                                        4,628,411 4,652,842 4,713,590        
        security deposit
      		                                        47,361 71,041  87,774 16,733 16,733 16,733 16,733   
        due from affiliate
      		                                          20,138 13,930 9 13,983 13,580 9,431   
        deposits
      		                                        1,310,000          
        deferred offering costs
      		                                        767,011 371,000         
        note payable
      		                                        2,000,000          
        accounts payable
      		                                        1,038,057 107,978 100,021 158,221 241,007 126,660 62,448    
        accrued expenses
      		                                        202,800 430,600 93,700 81,970 161,889 136,152 152,159 381,432   
        preferred stock, .01 par value...
      		                                                  
        common stock, .01 par value...
      		                                        13,258 13,258  11,751 10,493 6,092 4,496 3,678 3,490 200 
        common stock dividend distributable
      		                                          191 176 158 88 77    
        total common stock
      		                                        13,258 13,258 12,905 11,927 10,651 6,180     
        additional paid-in capital
      		                                        12,466,806 12,466,806 12,131,908 11,181,512 9,991,918 5,735,094 4,514,388    
        prepaid expense
      		                                         23,680         
        restricted cash security deposit
      		                                          100,005        
        authorized, none issued and outstanding
      		                                                  
        authorized, 1,291,782 and 1,192,695 shares issued and outstanding, respectively
      		                                          12,714        
        investments in joint ventures
      		                                           4,830,938 1,356,082 1,413,474 1,621,112    
        accrued directors’ fees
      		                                                  
        accrued directors fees
      		                                              49,500 49,500   
        investor deposits
      		                                              173,509    
        equity method investments in real estate
      		                                               1,642,027   
        cash and cash equivalent
      		                                               174,442 623,539 101,250 
        investment in reit securities
      		                                                  
        retained earnings
      		                                               -2,212,686 -945,964 1,250 
        investments in real estate
      		                                                1,766,477  
        deposit
      		                                                100,000  
        other receivables
      		                                                 100,000 
        total other current assets
      		                                                 100,000 
      Cashflow Statements:
      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 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-06-30 2013-03-31 2012-06-30 2012-03-31 2012-03-07 
                                                         
          operating activities
        		                                                 
          net loss
        		-49,984,000         -2,634,000 -3,336,000 -3,536,000 -4,626,000 -4,464,000 -4,470,000 -4,653,000 -3,649,000 -3,981,000 -2,984,000 -2,542,000 -3,763,000 -3,885,000 -4,272,000 -2,508,000 -2,974,000 -2,857,000 -3,599,000 -4,450,000 -4,718,000 -7,534,000 -4,473,000 -4,913,000 -2,839,000 8,041,000 -14,316,000 -7,095,000 -7,931,000 -12,455,000 -21,184,000 -16,064,993 -1,240,657 -748,952 -374,398 -1,200,678      
          adjustments to reconcile net loss to net cash from operating activities:
        		                                                 
          depreciation and amortization
        		62,587,000 39,179,000 19,352,000 21,004,000 21,010,000 21,347,000 22,368,000 22,793,000 22,881,000 23,417,000 23,800,000 23,553,000 24,860,000 24,208,000 22,691,000 19,658,000 18,305,000 16,902,000 15,777,000 14,826,000 13,985,000 13,520,000 14,097,000 11,074,000 9,399,000 8,476,000 8,432,000 7,553,000 6,249,000 6,444,000 6,542,000 4,942,000 3,499,000 2,529,000 3,028,000 4,023,000 2,991,000 3,058,000 3,108,000           
          straight line rent adjustment
        		-819,000 -376,000 -208,000 -251,000 -17,000 1,044,000 -15,000 -111,000 -216,000 -705,000 -912,000 -637,000 -1,319,000 -904,000 -822,000 -974,000 -966,000 -1,146,000 -614,000 -510,000 -492,000 -443,000 -518,000 -518,000 -297,000 -223,000 -258,000 -71,000 -107,000 -461,000 -357,000 -83,000 -32,000 -1,000 -75,000 -89,000 -103,000 -101,000 -111,000           
          intangible amortization in rental revenue
        		-1,180,000 -600,000 -292,000 -294,000 -299,000 -293,000 -318,000 -401,000 -417,000 -669,000 -734,000 -519,000 -541,000 -545,000 -1,546,000 -507,000 -480,000 -615,000 -494,000 -640,000 -449,000 -438,000 -548,000 -429,000 -374,000 -344,000 -341,000 -340,000 -247,000 -306,000 -411,000 -167,000 -90,000 -77,000 -89,000 -88,000 -86,000 -90,000 -87,000           
          amortization of debt related costs
        		1,802,000 1,200,000 599,000 563,000 470,000 438,000 438,000 476,000 570,000 570,000 568,000 566,000 565,000 527,000 505,000 442,000 424,000 370,000 369,000 416,000 386,000 366,000 299,000                           
          loss on financing transaction
        		26,449,000                                                 
          stock based compensation
        		3,898,000 2,462,000 1,134,000 1,079,000 1,093,000 1,111,000 914,000 838,000 827,000 716,000 585,000 1,105,000 518,000 538,000 442,000 340,000 340,000 461,000 418,000 383,000 324,000 383,000 349,000 330,000 282,000 305,000 288,000 203,000 202,000    208,000                 
          gain on sale of real estate
        		-301,000 -301,000 -301,000   -849,000 -8,030,000 -10,534,000        -1,185,000 0 0 -590,000                               
          unrealized gain from interest rate swap
        		-465,000 -346,000 -131,000                                               
          loss in investment of unconsolidated joint ventures
        		22,681,000 15,270,000 8,048,000                                               
          changes in operating assets and liabilities:
        		                                                 
          other assets
        		-3,812,000 1,391,000 1,315,000 7,313,000 -9,027,000 -2,150,000 1,785,000 -3,679,000 -1,007,000 -351,000 1,946,000 -2,075,000 14,000 784,000 362,000 2,837,000 -7,426,000 -814,000 1,520,000 -3,476,000 -520,000 1,952,000 -7,570,000 -2,433,000 565,000 1,506,000 -5,362,000 463,000 1,128,000 -1,685,000 -145,000 -2,413,000 479,000 -757,000 53,000               
          deferred leasing costs
        		-4,853,000 -1,745,000 -793,000 -1,132,000 -2,113,000 -759,000 -1,043,000 -1,994,000 -1,588,000 -1,752,000 -1,060,000 -1,352,000 -2,209,000 -1,459,000 -648,000 -2,201,000 -1,260,000 -2,143,000 40,000 -814,000 -968,000 61,000 -517,000 -265,000 -745,000 -628,000 -367,000 -511,000 -126,000 -464,000 -107,000 -1,000 -64,000   -80,000              
          accounts payable, accrued expenses and other liabilities
        		2,969,000 -4,715,000 -6,033,000 15,779,000 6,905,000 -1,354,000 -5,771,000 1,848,000 4,350,000 2,305,000 -2,255,000 -3,729,000 5,931,000 2,686,000 -2,789,000 5,626,000 1,538,000 1,918,000 843,000 3,310,000 1,305,000 2,749,000 4,966,000 4,517,000 4,550,000 4,000 1,300,000 5,987,000 -439,000 1,642,000 -1,473,000 9,102,000 823,000 -2,636,000 1,543,000 898,000 67,000 65,000 -93,000           
          net cash from operating activities
        		58,972,000 38,978,000 15,612,000 42,025,000 17,568,000 19,863,000 16,614,000 18,613,000 23,760,000 20,897,000 18,602,000  23,193,000 21,371,000 14,288,000   11,812,000 14,805,000 10,972,000 10,222,000 14,265,000 6,286,000 10,015,000 10,681,000 6,614,000 407,000 9,122,000 2,920,000 2,464,000 361,000 7,102,000 1,726,000 -1,683,000 436,000 -521,000 -925,000 -1,191,000 -1,714,000 -3,626,874 -434,835 -697,907 -545,384 -994,697 -1,395,820 -795,264   -863,692 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0  0 0 0   0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0   0 
          free cash flows
        		58,972,000 38,978,000 15,612,000 42,025,000 17,568,000 19,863,000 16,614,000 18,613,000 23,760,000 20,897,000 18,602,000  23,193,000 21,371,000 14,288,000   11,812,000 14,805,000 10,972,000 10,222,000 14,265,000 6,286,000 10,015,000 10,681,000 6,614,000 407,000 9,122,000 2,920,000 2,464,000 361,000 7,102,000 1,726,000 -1,683,000 436,000 -521,000 -925,000 -1,191,000 -1,714,000 -3,626,874 -434,835 -697,907 -545,384 -994,697 -1,395,820 -795,264   -863,692 
          investing activities
        		                                                 
          acquisition of real estate properties
        		-272,048,000 -271,507,000 -65,692,000 -20,656,000        0 -16,810,000 -49,144,000 -131,131,000 -170,656,000 -90,351,000 -14,551,000 -61,472,000 -105,855,000                              
          real estate improvements
        		-17,291,000 -10,893,000 -4,269,000 -7,729,000 -7,162,000 -5,575,000 -3,760,000 -8,209,000 -8,022,000 -9,552,000 -8,968,000 -15,807,000 -22,223,000 -11,148,000 -6,316,000 -9,678,000 -7,912,000 -5,915,000 -1,803,000 -1,485,000 -1,359,000 -1,346,000 -1,873,000 -2,055,000 -1,469,000 -449,000 -1,353,000 -1,362,000 -820,000 -924,000 -744,000 -606,000 -441,000                 
          proceeds from the sale of real estate
        		2,188,000 2,188,000                                                
          net investment in sales type lease
        		                                                 
          net cash from investing activities
        		-287,151,000 -280,212,000 -67,773,000 175,664,000 -87,390,000 2,928,000 -3,739,000 8,232,000 10,209,000 -9,552,000 -8,968,000  -39,033,000 -60,070,000 -137,447,000 -176,280,000 -98,263,000 -20,466,000 -61,071,000 -114,042,000 -52,804,000 -1,403,000 -90,869,000 -104,869,000 -71,110,000 -17,619,000 -6,869,000 -95,276,000 -28,083,000 -17,820,000 -744,000 -122,792,000 -50,107,000 -783,000 -209,000 -209,000 1,759,000 631,000 -561,000 -151,896,655 -1,166,752 161,021 152,386     25,630 -1,850,000 
          financing activities
        		                                                 
          payment from issuance of common stock
        		-27,000 -27,000 -23,000                                               
          repurchase and retirement of common stock
        		-16,760,000 -13,110,000                                                
          repayment of secured debt
        		-2,424,000 -1,609,000 -801,000 -11,523,000 -19,236,000 -2,824,000 -1,306,000 -110,912,000 -8,657,000 -1,927,000 -1,768,000 -1,565,000 -1,548,000 -1,443,000 -16,630,000 -13,373,000 -1,352,000 -1,339,000 -1,328,000 -82,312,000 -1,298,000 -1,286,000 -1,270,000 -1,127,000 -199,000 -135,000 -63,169,000 -34,584,000                      
          proceeds from line of credit facility
        		276,900,000 269,200,000 64,500,000 4,009,000    121,900,000 17,500,000 0 10,000,000 10,000,000 42,000,000 20,000,000 141,000,000 88,000,000 9,000,000 0 42,000,000 90,000,000 0 0 41,500,000                           
          repayment of line of credit facility
        		-75,000,000 -75,000,000  -180,409,000    -31,500,000    0 -15,000,000 -148,500,000 -10,000,000 -50,000,000 -77,000,000 -30,000,000 -34,000,000 0 -70,100,000 -29,000,000 -21,300,000                           
          proceeds from financing transaction
        		 78,956,000  0                                              
          proceeds from series c preferred units
        		78,956,000                                                 
          financing transaction issuance costs
        		   -2,358,000                                              
          debt issuance costs
        		-27,000 -27,000  -6,058,000    -56,000 0 -10,000 -17,000 -28,000 -108,000 -1,589,000 -101,000 -1,000    -2,425,000 -155,000 -121,000 -234,000 71,000 -1,096,000 -127,000 -1,081,000 101,000 -1,065,000 -1,337,000 -265,000 -2,023,000                  
          dividends and distributions paid
        		-35,094,000 -23,301,000 -11,620,000 -11,256,000 -11,013,000 -11,010,000 -10,291,000 -10,292,000 -10,484,000 -10,708,000 -10,450,000 -10,452,000 -10,241,000 -9,940,000 -9,338,000 -8,955,000 -8,287,000 -7,440,000 -6,795,000                               
          net cash from financing activities
        		226,524,000 235,082,000 52,056,000 -207,618,000 67,249,000 -13,899,000 -11,842,000 -30,913,000 -42,214,000    16,027,000 32,496,000 122,054,000   9,805,000 42,375,000 105,481,000 42,979,000 -25,354,000 103,923,000 80,451,000 73,036,000 21,078,000 5,622,000 89,558,000 24,592,000 14,387,000 -5,683,000 122,132,000 25,873,000   -259,000 -105,000 -1,025,000 -156,000 160,319,260 1,428,989 254,251 760,500 862,904 1,839,373 796,178   3,235,980 
          net increase in cash, cash held in escrow, and restricted cash
        		-1,655,000 -6,152,000 -105,000 10,071,000 -2,573,000 8,892,000 1,033,000 -4,068,000 -8,245,000 85,000 7,219,000 -5,040,000 187,000 -6,203,000 -1,105,000 -35,569,000 49,629,000 1,151,000 -3,891,000 2,411,000                              
          cash, cash held in escrow, and restricted cash at beginning of period
        		43,627,000 43,627,000 43,627,000 0 0 0 26,204,000 0 0 0 31,213,000 0 0 0 43,374,000 0 0 0 32,054,000 0                              
          cash, cash held in escrow, and restricted cash at end of period
        		41,972,000 37,475,000 43,522,000 10,071,000 -2,573,000 8,892,000 27,237,000 -4,068,000 -8,245,000 85,000 38,432,000 -5,040,000 187,000 -6,203,000 42,269,000 -35,569,000 49,629,000 1,151,000 28,163,000 2,411,000                              
          supplemental cash flow disclosures:
        		                                                 
          cash paid for interest
        		21,247,000 12,883,000 6,127,000  9,940,000 9,395,000 9,337,000 8,762,000 9,235,000 9,207,000 9,008,000 8,286,000 8,057,000 7,278,000 5,310,000 4,815,000 4,441,000 4,484,000 4,432,000 3,979,000 4,321,000                             
          assumption of cash, cash held in escrow, and restricted cash upon consolidation of investment in joint venture
        		491,000 491,000 491,000         0 0 0 2,895,000                                   
          supplemental non-cash financing and investing activities:
        		                                                 
          dividends declared included in accounts payable, accrued expenses and other liabilities
        		11,030,000 11,005,000 11,110,000  31,000 37,000 10,938,000                                           
          distribution payable to non-controlling interest holder
        		118,000 118,000 118,000  0 0 118,000  0 0 110,000 0 0 0 108,000 -3,000 0 -15,000 121,000 -14,000 -29,000 -160,000 324,000 -65,000 0 0 393,000 200,000 0                     
          acquisition of real estate properties included in accounts payable, accrued expenses and other liabilities
        		1,955,000 2,496,000                                                
          financing transaction costs included in accounts payable, accrued expenses and other liabilities
        		3,360,000 5,190,000 5,300,000                                               
          merger transaction expenses included in accounts payable, accrued expenses and other liabilities
        		2,777,000                                                 
          real estate improvements included in accounts payable, accrued expenses and other liabilities
        		2,658,000 2,796,000 2,325,000  1,571,000 805,000 1,232,000  -69,000 -1,708,000 5,758,000 1,736,000 -1,112,000 3,052,000 3,321,000  1,537,000                                 
          deferred leasing costs included in accounts payable, accrued expenses and other liabilities
        		918,000 260,000 524,000  232,000 11,000 403,000  557,000 -865,000 1,913,000 -151,000 -1,175,000 637,000 1,172,000  1,125,000 -1,406,000 1,654,000  -575,000 366,000 391,000  -26,000 50,000 9,000    433,000                   
          consolidation of net book value of investment in joint venture
        		346,000 346,000 346,000         0 0 0 5,686,000                                   
          net income
        		 2,471,000 7,007,000 150,098,000 -15,345,000 1,328,000 6,286,000 9,377,000                                     -1,513,409 -616,028 -230 205 -947,215 
          adjustments to reconcile net income to net cash from operating activities:
        		                                                 
          gain on financing transaction
        		 -14,912,000 -14,085,000                                               
          assumption of other assets upon consolidation of investment in joint venture
        		 22,000 22,000         0 0 0 638,000                                   
          assumption of accounts payable, accrued expenses and other liabilities upon consolidation of investment in joint venture
        		 176,000 176,000         0 0 0 1,955,000                                   
          net investment in sales-type lease
        		   0 21,159,000 64,000 21,000                                           
          proceeds from sale of real estate
        		  2,188,000 208,510,000 0   16,441,000    0 0   4,054,000 0 0 2,204,000                               
          loss on extinguishment of debt
        		       0    0 0 0 2,176,000             988,000 804,000                     
          appreciation (depreciation) of warrants
        		                                                 
          unrealized loss from interest rate swap
        		                                                 
          loss on interest rate swap
        		                                                 
          contribution to and investment in joint venture
        		                                                 
          (payment) proceeds from issuance of common stock
        		   -23,000 -207,000 -65,000 -245,000   1,385,000 -137,000                                       
          proceeds from issuance of unsecured debt
        		           0 0   50,000,000                                  
          repurchase of series a preferred stock
        		       0 0 0 -43,000 -424,000 -888,000   0 0 0 -12,000                               
          redemption of series a preferred stock
        		       -19,000                                          
          redemption of series b preferred stock
        		           0                                      
          loss on sale of real estate
        		                                                 
          adjustments to reconcile net income to net cash provided by operating activities:
        		                                                 
          (earnings) loss in investment of unconsolidated joint venture
        		           0 0 0 147,000  178,000 224,000 273,000                               
          proceeds from issuance of common stock
        		       -34,000    -140,000 16,812,000 24,384,000 17,123,000 51,647,000 69,292,000 48,584,000 42,510,000 7,316,000                     0 347,501 787,500 1,000,001 1,835,501 752,000   3,235,980 
          dividends declared included in dividends payable
        		        496,000 27,000 9,682,000 -1,000 223,000 317,000 8,887,000 386,000 668,000 861,000 6,371,000 139,000 1,750,000 -2,367,000 6,203,000 -334,000 790,000 1,358,000 3,489,000 -841,000 474,000 0 2,290,000 723,000                  
          series b accretion to redemption value
        		           0 2,371,000 750,000 1,500,000 1,807,000 1,807,000 1,807,000 1,807,000 1,854,000 1,854,000 1,854,000 1,854,000 1,900,000 1,900,000 1,901,000 1,900,000                       
          conversion of common stock warrants
        		           0 0 0 3,758,000                                   
          conversion of series b preferred stock
        		           0 36,088,000                                     
          assumption of secured debt upon consolidation of investment in joint venture
        		           0 0 0 56,000,000                                   
          net cash provided (used in) by financing activities
        		          -2,415,000                                       
          impairment on real estate lease
        		                   0                              
          net cash provided by operating activities
        		                                                 
          contribution to and investments in unconsolidated joint venture
        		                                                 
          net cash used in investing activities
        		                                                 
          proceeds from issuance of secured debt
        		                   0 15,000,000 0 81,000,000 0 0 0 63,115,000 63,115,000 78,000,000                     
          net cash provided by financing activities
        		                                                 
          new financing lease
        		                                                 
          assumption of secured debt
        		               28,800,000                                  
          unrealized appreciation (depreciation) of warrants
        		            0 0 -1,760,000                                   
          (earnings) loss in investment of unconsolidated joint ventures
        		                                                 
          supplemental non-cash investing and financing activities:
        		                                                 
          real estate improvements included in accounts payables, accrued expenses and other liabilities
        		                                                 
          deferred leasing costs included in accounts payables, accrued expenses and other liabilities
        		                                                 
          unrealized (appreciation) depreciation of warrants
        		                926,000                                 
          unrealized appreciation of warrants
        		                  247,000                               
          fixed asset acquisitions included in accounts payable, accrued expenses and other liabilities
        		                  703,000  325,000 -530,000 628,000  331,000 194,000 122,000  -226,000 269,000 81,000                   
          unrealized appreciation/(depreciation) of warrants
        		                   0                              
          contribution to and investments in joint venture
        		                                                 
          fixed asset acquisitions included in accounts payables, accrued expenses and other liabilities
        		                                                 
          assumption of mortgage notes
        		                                                 
          dividends paid
        		                    -4,956,000 -7,484,000 -6,587,000 -7,596,000 -6,196,000 -3,858,000 -2,280,000 -3,877,000 -2,310,000 -2,585,000 -2,311,000 -1,518,000                  
          change in fair value of warrant derivative
        		                       0 0 102,000 79,000 0 0 0 -48,000 -12,000                  
          acquisition of properties
        		                     -57,000 -88,996,000 -102,814,000 -69,641,000 -17,170,000 -5,516,000  -27,263,000   -120,987,000                  
          proceeds from common stock
        		                     12,537,000 10,814,000                           
          net increase in cash and cash held in escrow and restricted cash
        		                     -12,492,000 19,340,000 -14,403,000 12,607,000                         
          cash and cash held in escrow and restricted cash at beginning of period
        		                     0 22,398,000  0 0 14,961,000                       
          cash and cash held in escrow and restricted cash at end of period
        		                     -12,492,000 41,738,000  12,607,000 10,073,000 14,121,000                       
          interest paid
        		                      4,308,000 3,606,000 3,043,000 3,365,000 3,638,000 3,653,000 3,401,000 3,190,000 3,352,000 2,060,000 2,344,000 3,388,000 1,390,000 3,131,000 3,083,000 3,006,000 2,928,000           
          amortization of debt issuance costs
        		                         273,000 235,000                       
          proceeds from preferred stock
        		                                                 
          repayment of mezzanine debt
        		                           0 16,000                     
          repurchase of common stock
        		                           0 0 0 -5,054,000                   
          cash and cash held in escrow and restricted cash at beginning of year
        		                                                 
          cash and cash held in escrow and restricted cash at end of year
        		                                                 
          issuance of partnership units in exchange for acquisition of property
        		                               0                  
          assumption of mortgage notes in connection with acquisition of property
        		                                                 
          net proceeds from common stock
        		                        80,527,000 58,273,000 4,515,000 -30,000 17,881,000                     
          additional offering costs of preferred stock
        		                            0 -10,000 -53,000                   
          proceeds from credit facility
        		                        51,000,000 0 6,697,000 0 26,400,000 16,825,000 2,000,000                   
          repayment of credit facility
        		                        -51,000,000 -33,075,000 -2,175,000 -7,000,000 -10,000,000                     
          net decrease in cash and cash held in escrow and restricted cash
        		                          -840,000                       
          accretion of interest and deferred interest
        		                           304,000 174,000 1,027,000 633,000 1,159,000 275,000                 
          gain on sale of investment in joint venture
        		                                                 
          acquisition of real estate
        		                                                 
          proceeds from sale of joint ventures
        		                                                 
          redemption of non-controlling interest
        		                                                 
          net proceeds from preferred stock
        		                                                 
          non cash capital contribution by investor related to adjustment of redemption price of redeemable preferred interest
        		                               0 0                 
          shares issued in private placement for redemption of redeemable preferred interest
        		                               0 0                 
          redemption of non-controlling interest related to preferred interest
        		                               0 0                 
          warrants issued
        		                               0 0                 
          series b accretion to redemption values
        		                                                 
          assumption of mortgage note
        		                                                 
          proceeds from sale of investment in joint ventures
        		                                                 
          net change in cash, cash equivalents and restricted cash
        		                            -571,000 -969,000 -6,066,000                   
          cash, cash equivalents and restricted cash at beginning of period
        		                                                 
          cash, cash equivalents and restricted cash at end of period
        		                                                 
          offering costs included in accounts payable, accrued expenses and other liabilities
        		                                -169,000                 
          cash, cash equivalents and restricted cash at beginning of year
        		                             0 19,163,000                   
          cash, cash equivalents and restricted cash at end of year
        		                             -969,000 13,097,000                   
          equity based compensation
        		                              200,000                   
          distribution payable - to non-controlling interest holder
        		                              158,000                   
          equity investment income
        		                                             -23,263    
          gain on disposition of equity investment
        		                                   -6,000              
          restricted cash
        		                                  7,000 0 -18,000 -1,000 6,000    -100,005   -173,509    
          cash held in escrow
        		                               -401,000 -157,000                 
          proceeds on disposition of joint ventures
        		                                                 
          restricted cash for real estate improvements
        		                                                 
          cash held in escrow for real estate improvements
        		                                                 
          distributions from investment in joint ventures
        		                                                 
          proceeds from issuance of preferred stock
        		                                                 
          redemption of preferred member interest
        		                               0 0                 
          net increase in cash
        		                               6,442,000 -22,508,000 27,813,000 227,000   -1,585,000 -2,431,000 4,795,731 -172,598 -282,635 367,502 -3,909,250 443,553 914    
          cash at beginning of year
        		                                                 
          cash at end of year
        		                                                 
          application of restricted cash to redemption of non-controlling interest
        		                                                 
          issuance of redeemable preferred member interest
        		                                                 
          issuance of mezzanine debt to existing investor
        		                                                 
          non-cash capital contribution by investor upon extinguishment of debt
        		                                                 
          accrued debt issuance costs
        		                                                 
          security deposits
        		                                -191,000                 
          increase in cash held in escrow
        		                                -89,000                 
          cash flows from financing activities
        		                                                 
          proceeds from issuance of common stock, net of offering costs
        		                                                 
          borrowings under line of credit
        		                                                 
          cash at beginning of period
        		                                0 243,000 698,000  0 0 4,974,000           
          cash at end of period
        		                                -22,508,000 28,056,000 925,000  729,000 -1,585,000 2,543,000           
          application of restricted cash to redeemable preferred membership interest
        		                                0                 
          distributions payable to non-controlling interest holder
        		                                                 
          deferred interest
        		                                 -7,622,000 7,615,000 85,000 1,695,000 1,750,000 2,898,000           
          offering costs related to issuance of common stock
        		                                                 
          dividends declared
        		                                                 
          equity investment loss
        		                                  -30,000 2,000 47,000 28,000 8,000 79,128 -118,817   411,648 149,261     
          accretion of interest and amortization of financing costs
        		                                  2,700,000  3,051,000 6,301,000 13,733,000           
          acquisition deposits
        		                                      -550,000           
          real estate property improvements
        		                                  -258,000  -23,000 -72,000 -24,000           
          distributions from investments in real estate joint ventures
        		                                  49,000  74,000 153,000 13,000           
          deferred offering costs
        		                                   -38,000 -105,000 -151,000 -156,000           
          non-cash investing and financing activities:
        		                                                 
          deferred offering costs included in accounts payable, accrued expenses and other liabilities
        		                                     -17,000 81,000           
          improvements to real estate included in accounts payable, accrued expenses and other liabilities
        		                                  59,000               
          adjustments to reconcile net loss to net cash used in operating activities:
        		                                                 
          write-off of deferred offering costs
        		                                   0              
          accretion of interest and amortization of deferred financing costs
        		                                                 
          proceeds from disposition of joint ventures
        		                                                 
          distributions from investment in real estate joint ventures
        		                                                 
          deferred financing costs
        		                                   -221,000 0             
          proceeds from issuance of debt
        		                                                 
          proceeds from revolving line of credit
        		                                                 
          payments on revolving line of credit
        		                                                 
          common stock distributed or distributable as dividends
        		                                                 
          deferred offering costs included in accrued expenses
        		                                                 
          accrued distributions from real estate joint ventures
        		                                                 
          accrued costs for acquisition of properties
        		                                                 
          prepaid expenses and other assets
        		                                    -134,000 254,000 8,000           
          deposits
        		                                                 
          proceeds on disposition of real estate joint ventures
        		                                                 
          working capital loan
        		                                                 
          share issuance costs
        		                                        0 -12,250 -27,000       
          net decrease in cash
        		                                                 
          common stock distributable as dividends based on fair value of common stock
        		                                                 
          other
        		                                                 
          stock-based compensation expense
        		                                                 
          investment in real estate joint ventures
        		                                                 
          construction in process
        		                                                 
          proceeds from issuance of senior debt
        		                                                 
          proceeds from secured line of credit
        		                                                 
          payments on secured line of credit
        		                                                 
          payment of accrued directors’ fees with common stock
        		                                                 
          deferred offering costs in accounts payable, accrued expenses and other liabilities
        		                                                 
          cash flows from operating activities
        		                                                 
          amortization of financing fee
        		                                                 
          directors’ fees – stock compensation
        		                                                 
          change in security deposit
        		                                        23,680 0 16,733       
          change in due from affiliate
        		                                        0         
          change in accounts payable
        		                                        930,079 7,957 -58,200       
          change in accrued expenses
        		                                        -112,800 46,898 11,732       
          cash flows from investing activities
        		                                                 
          distributions from investments
        		                                        143,248 161,021 152,386       
          offering costs paid
        		                                        -511,011         
          financing fee paid
        		                                                 
          cash at the beginning of the period
        		                                        0 0 265,952  174,442 174,442    
          cash at the end of the period
        		                                        -172,598 -282,635 633,454  617,995 175,356    
          supplemental disclosure of cash flow information:
        		                                                 
          disclosure of non-cash financing activities:
        		                                                 
          accrued offering costs – proposed offering
        		                                        -115,000         
          common stock distributed or distributable as dividends:
        		                                                 
          common stock
        		                                        0 0 191 175 216 128    
          additional paid-in capital
        		                                        0 0 190,683 176,744 215,590 127,445    
          issuance of common stock for volume discount
        		                                           30 309     
          issuance of common stock for origination fees
        		                                           29      
          change in prepaid expenses
        		                                                 
          disclosure of non-cash investing and financing activities
        		                                                 
          changes in due from affiliate
        		                                          -6,208 -13,921 -4,552 -4,149   100,000 
          investment income
        		                                          -35,038       
          investor deposits
        		                                             173,509    
          disclosure of non-cash financing activities: common stock distributed or distributable as dividends:
        		                                                 
          realized gain on sale of reit securities
        		                                               -205  
          investment in real estate
        		                                                -1,750,000 
          distributions from investments in real estate
        		                                                 
          proceeds from sale of reit securities
        		                                               25,630  
          cash at the beginning of the year
        		                                                 
          cash at the end of the year
        		                                                 
          fair value of stock dividend
        		                                           176,919 215,806 127,573    
          cash from operating activities
        		                                                 
          directors fees – stock compensation
        		                                            141,000 15,001    
          accounts payable
        		                                            126,660 62,448    
          accrued expenses
        		                                            -294,780 -229,273    
          cash from investing activities
        		                                                 
          changes in deposits
        		                                                -100,000 
          cash from financing activities
        		                                                 
          distributions from investments in joint ventures
        		                                            79,292 44,178    
          share issue costs
        		                                            -75,420     
          common stock distributed as dividends:
        		                                                 
          income from equity method accounting
        		                                                -16,477 
          unrealized gain on investment in reit securities
        		                                                 
          directors fees stock compensation
        		                                                 
          changes in due from affiliates
        		                                                 
          security deposit
        		                                                 
          changes in accrued expenses
        		                                                 
          distributions from investment in real estate
        		                                                 
          investment in reit securities
        		                                                 
          net increase in cash and cash equivalent
        		                                                 
          cash and cash equivalent at the beginning of the period
        		                                              25,630 175,645 101,251 
          cash and cash equivalent at the end of the period
        		                                              -100,025 201,275 623,539 
          due from affiliate
        		                                                 
          net cash (used for)/provided by operating activities
        		                                                 
          net (decrease)/ increase in cash and cash equivalents
        		                                                 
          net increase in cash and cash equivalents
        		                                               25,630 522,288