Plymouth Industrial REIT (PLYM) 10-Q 13 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 13, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Plymouth Industrial REIT Inc.	'
Entity Central Index Key	'0001515816	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	1,325,792
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets	'	'
Investments	$4,652,842	$4,830,938
Cash	350,819	265,952
Security Deposit	71,041	87,774
Due From Affiliate	'	13,930
Prepaid Expense	23,680	'
Deferred Offering Costs	371,000	'
Total Assets	5,469,382	5,198,594
Liabilities and Equity	'	'
Accounts Payable	107,978	158,221
Accrued Expenses	430,600	81,970
Total Liabilities	538,578	240,191
Commitments and Contingencies	'	'
Preferred Stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding	'	'
Common Stock, $.01 par value, 1,000,000,000 shares authorized, 1,064,991 and 367,841 shares issued and outstanding, respectively	13,258	11,751
Common Stock Dividend Distributable	'	176
Total Common Stock	13,258	11,927
Additional Paid In Capital	12,466,806	11,181,512
Accumulated Deficit	-7,549,260	-6,235,036
Total Equity	4,930,804	4,958,403
Total Liabilities and Equity	$5,469,382	$5,198,594

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock stock, par value	$0.01	$0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	1,325,792	1,192,695
Common stock, shares outstanding	1,325,792	1,192,695

Condensed_Consolidated_Income_

Condensed Consolidated Income Statements (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income	'	'	'	'
Investment Income (Loss)	$100,273	($172,524)	$135,311	($149,261)
Interest Income	1	4	1	4
Total Loss	100,274	-172,520	135,312	-149,257
Expenses	'	'	'	'
Professional Services	113,831	219,582	210,255	259,582
Acquisition costs	100,000	'	100,000	'
Marketing	9,391	91,535	10,103	93,360
Rent and Lease Costs	103,088	81,344	164,494	118,994
Directors fees, including stock compensation	'	49,500	'	91,500
Insurance	20,214	62,561	39,885	81,530
Compensation	463,173	104,591	524,901	531,379
General and Administrative	39,529	145,828	209,024	187,807
Total Expenses	849,226	754,941	1,258,662	1,364,152
Net loss	($748,952)	($927,461)	($1,123,350)	($1,513,409)
Weighted Average Number of Shares Outstanding	1,312,338	413,282	1,267,742	459,444
Basic and Diluted Income (Loss) Per Share	($0.57)	($2.24)	($0.89)	($3.29)

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Equity (Unaudited) (USD $)	Common Stock	Dividend Distributable	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Beginning balance at Dec. 31, 2013	$11,751	$176	$11,181,512	($6,235,036)	$4,958,403
Beginning balance (shares) at Dec. 31, 2013	1,192,695	'	'	'	1,192,695
Issuance of common stock for cash, net of share issuance costs of $39,250 (shares)	114,010	'	'	'	'
Issuance of common stock for cash, net of share issuance costs of $39,250	1,140	'	1,094,611	'	1,095,751
Stock dividends distributed (shares)	19,087	'	'	'	'
Stock dividends distributed	367	-176	190,683	-190,874	'
Stock dividends distributable (shares)	19,087	'	'	'	'
Net Income (Loss)	'	'	'	-1,123,350	-1,123,350
Ending balance at Jun. 30, 2014	$13,258	'	$12,466,806	($7,549,260)	$4,930,804
Ending balance (shares) at Jun. 30, 2014	1,325,792	'	'	'	1,325,792

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Equity (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]	'
Issuance of common stock for cash, share issuance costs	$39,250

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities	'	'
Net loss	($1,123,350)	($1,513,409)
Change in due from affiliate	13,930	-4,552
Change in prepaid expenses	-23,680	'
Equity investment (income) loss	-135,311	149,261
Directors fees - stock compensation	'	141,000
Change in security deposit	16,733	'
Change in accounts payable	-50,243	126,660
Change in accrued expenses	58,630	-294,780
Net cash used for operating activities	-1,243,291	-1,395,820
Cash flows from investing activities	'	'
Distributions from investments	313,407	79,292
Net cash provided by investing activities	313,407	79,292
Cash flows from financing activities	'	'
Offering costs paid	-81,000	'
Proceeds from issuance of common stock	1,135,001	1,835,501
Share issuance costs	-39,250	-75,420
Net cash provided by financing activities	1,014,751	1,760,081
Net increase in cash	84,867	443,553
Cash at the beginning of the period	265,952	174,442
Cash at the end of the period	350,819	617,995
Disclosure of non-cash financing activities:	'	'
Accrued offering costs – proposed offering	290,000	'
Common stock distributed as dividends:	'	'
Common stock	191	216
Additional paid-in capital	190,683	215,590
Fair value of stock dividend	190,874	215,806
Issuance of common stock for volume discount	'	$309

Business

Business	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Business	'
	(1) Business
	Plymouth Industrial REIT, Inc. (the "Company"), formerly known as Plymouth Opportunity REIT, Inc., is a Maryland corporation formed on March 7, 2011. The Company is a full service, vertically integrated, self-administered and self-managed organization. We are focused on the acquisition, ownership and management of single and multi-tenant Class B industrial properties.
	All references to “the Company” refer to Plymouth Industrial REIT, Inc. and its subsidiaries, collectively, unless the context otherwise requires.
	The Company has operated in a manner that will allow it to qualify as a REIT for federal income tax purposes. The Company filed its initial Form 1120-REIT as its tax return for the tax year ended December 31, 2012. The Company utilizes an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) organizational structure to hold all or substantially all of its properties and securities through an operating partnership, Plymouth Industrial OP, LP (the “Operating Partnership").
	Prior to May 6, 2014 the Company retained Plymouth Real Estate Investors, Inc. (the “Advisor”) to serve as its advisor. The Advisor was responsible for managing, operating, directing and supervising the operations and administration of the Company and its assets. The Company retained Plymouth Real Estate Capital, LLC (the “Dealer Manager”), and a member of FINRA, to act as the exclusive Dealer Manager for the initial offering (see Note 3). The Advisor and the Dealer Manager were affiliates of Plymouth Group Real Estate, LLC, the Sponsor. The related agreements were terminated as noted below as of May 6, 2014.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Summary of Significant Accounting Policies	'
	(2) Summary of Significant Accounting Policies
	Basis of Presentation
	These interim condensed consolidated financial statements include the accounts of the Company and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). All significant intercompany transactions have been eliminated in consolidation. These interim condensed consolidated financial statements include adjustments of a normal and recurring nature considered necessary by management to fairly present the Company’s financial position and results of operations. These interim condensed consolidated financial statements may not be indicative of financial results for the full year. The interim condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	Equity Method Accounting
	The Company may acquire equity interest in various limited partnerships or other entities. In certain cases where we have the ability to exercise significant influence we account for our equity interest under the equity method of accounting. Under the equity method of accounting, we recognize our proportional share of net income or loss as determined under GAAP in our results of operations.
	Income Taxes
	We elected to be taxed as a Real Estate Investment Trust (“REIT”) under the Internal Revenue Code of 1986, as amended, and operate as such beginning with the tax year ending December 31, 2012. To qualify as a REIT, we must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of our annual REIT taxable income to stockholders (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, we generally will not be subject to federal income tax on income that we distribute as dividends to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax on our taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four tax years following the year during which qualification is lost, unless we are able to obtain relief under certain statutory provisions. Such an event could materially and adversely affect our net income and net cash available for distribution to stockholders. However, we intend to organize and operate in such a manner as to qualify for treatment as a REIT.
	The Company files income tax returns in the U.S federal jurisdiction and various state jurisdictions. The statute of limitations for the Company’s income tax returns is generally three years and as such, the Company’s returns that remain subject to examination would be primarily from 2011 and thereafter.
	Earnings per Share
	Basic earnings per share are calculated on the basis of weighted-average number of common shares outstanding during the period. Basic earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period.

Initial_Offering

Initial Offering	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Initial Offering	'
	(3) Initial Offering
	The Company had been offering for sale up to $642,500,000 in shares of common stock, of which 50,000,000 shares were offered to investors at a price of $10.00 per share, and of which 15,000,000 shares were offered to participants in the Public Company’s distribution reinvestment plan at a price of $9.50 per share (the “Initial Offering”).
	The Company commenced the Initial Offering on November 1, 2011 and terminated it as of May 6, 2014. As of August 13, 2014 the Company had reached gross offering proceeds of approximately $11.581 million.
	In conjunction with the termination of the Initial Offering, our board of directors also voted to terminate our distribution reinvestment plan and our share redemption plan effective May 6, 2014.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Related Party Transactions	'
	(4) Related Party Transactions
	The Company is a party to an advisory agreement dated July 27, 2011 with its Advisor which entitles its Advisor to specified fees upon the provision of certain services with regard to the Offering and investment of funds in real estate and real estate related investments, among other services, as well as reimbursement for organization and offering costs incurred by its Advisor on behalf of the Company and certain costs incurred by its Advisor and its affiliates in providing services to the Company.
	The Advisory Agreement was terminated as of May 6, 2014 and no consideration was paid to the Advisor as a result of the termination.
	The fees the Company incurred prior to termination under the advisory agreement are as follows:
	Type of Compensation	Form of Compensation
	Organization and Offering Costs	Reimbursement of organization and offering costs to the Advisor or its affiliates for cumulative organization and offering expenses, but only to the extent that the total organizational and offering costs borne by the Company do not exceed 15.0% of gross offering proceeds as of the date of the reimbursement. Reimbursement of organization and offering costs to the Advisor for the six months ended June 30, 2014 and 2013 were $26,116 and $68,895, respectively. As of June 30, 2014 all costs have been reimbursed.
	Acquisition and Advisory Fees	There have been no acquisition or advisory fees incurred or paid for the six months ended June 30, 2014 or 2013.
	Asset Management Fee	Total asset management fees paid to the Advisor equal to one-twelfth of 1.0% of the sum of the cost of each asset, where cost equals the amount actually paid.  Total asset management fees incurred for the six months ended June 30, 2014 and 2013 were $19,745 and $8,750, respectively.
	Common Stock	Common Stock issuable upon occurrence of certain events will be paid to the Sponsor as an origination fee equal to 3% of the equity funded to acquire the investments. No shares were issued for the six months ended June 30, 2014 or 2013.
	Subscription Processing Fee	There have been no subscription or processing fees incurred or paid for the six months ended June 30, 2014 or 2013.
	Expense Reimbursement	Reimbursement to the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse our Advisor for any amount by which our operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of: (A) 2% of our average invested assets, or (B) 25% of our net income. From inception to June 30, 2014 the Company reimbursed various operating expenses of $1,228,065. Reimbursement to the Advisor for the six months ended June 30, 2014 and 2013 was $0 and $542,165, respectively.
	Termination	Upon termination or nonrenewal of the advisory agreement, our Advisor shall be entitled to receive an amount, payable in the form of an interest bearing promissory note, equal to 15% of the amount by which (i) our adjusted market value plus distributions exceeds (ii) the aggregate capital contributed by investors plus an amount equal to an 8% cumulative, non-compounded return to investors.
		Pursuant to the terms of the agreement with its Advisor, the Advisor has the right to defer (without interest) receipt of all of these fees and expenses.
		The agreement was terminated May 6, 2014 and no amounts were incurred or paid pursuant to the termination.
	As of June 30, 2014 and December 31, 2013, the Company has $0 and $13,930 receivable from the Dealer Manager for costs reimbursable under the Expense Sharing Agreement signed August 1, 2012.
	For the three and six months ended June 30, 2014 and 2013, the Company has incurred $12,250 and $45,340 and $39,250 and $75,420, respectively, in commissions and dealer manager fees owed to the Dealer Manager related to the issuance of common stock.
	As described in Note (5), the Company and Colony Hills Capital, LLC are each members of Colony Hills Capital Residential II, LLC.  Colony Hills Capital, LLC is also a shareholder of the Company.

Investments

Investments	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Investments	'
	(5) Investments
	On August 17, 2012, the Company, through its Operating Partnership, acquired a 51.5% equity interest in the Class A shares of Colony Hills Capital Residential II, LLC (“CHCR II”). The Company has no controlling interest in CHCR II. CHCR II is the sole member of Wynthrope Holdings, LLC, which owns Wynthrope Forest Apartments, a 23 building, 270 unit multifamily complex located in Riverdale, a suburb of Atlanta, Georgia. The property was 93.3% occupied at the time of acquisition, with a majority of leases ranging from one year or longer. The purchase price for the equity interest was $1,250,000. The total purchase price CHCR II paid for the property was $13.9 million, which included $10.6 million of secured debt.
	On September 10, 2012, the Company, through its Operating Partnership, acquired a 12% limited partnership interest in TCG Cincinnati DRE LP (the “Partnership”). The Partnership owns three Class B industrial buildings comprised of approximately 576,751 square feet located in the Greater Cincinnati area. All three buildings were 100% occupied at the time of the investment, consisting of four tenants with leases of two to ten years. The purchase price for the interest acquired by the Company was $500,000.
	On October 1, 2013, the Company through its Operating Partnership, completed a $3.5 million investment in TCG 5400 FIB LP ("5400 FIB"), which owns a warehouse facility (the “Property”) in Atlanta, Georgia containing 682,750 rentable square feet of space. The initial purchase price of the Property was $21.9 million which included $15.0 million of secured debt. At the time of the investment, the Property was 100% leased. On November 15, 2013, the Company, through its Operating Partnership, completed an additional $400,000 equity investment in 5400 FIB and increased its investment to $3.9 million resulting in a 50.3% equity investment.
	The Company funded the purchase price of these investments with proceeds from its Initial Offering.
	The Company accounts for these investments using equity method accounting, as the Company has significant influence over the entities, but does not have control over the entities. For the six months ended June 30, 2014 and 2013, the Company recorded $135,311 and $(149,261) of income (loss), respectively, and $313,407 and $79,292 of distributions from these investments, respectively. For the three months ended June 30, 2014 and 2013 the Company recorded $100,273 and $(172,254) of income (loss), respectively, and $161,021 and $35,114 of distributions from these investments, respectively.
	For the six months ended June 30, 2014 and 2013, CHCR II, the Partnership and 5400 FIB had combined revenues of $4,240,690, and $1,186,416 and expenses of $3,698,343 and $976,603, respectively. For the three months ended June 30, 2014 and 2013, CHCR II, the Partnership and 5400 FIB had combined revenues of $2,136,899, and $44,559 and expenses of $2,589,302 and $135,263, respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Equity	'
	(6) Equity
	Distributions
	During the six months ended June 30, 2014 our Board of Directors declared a stock distribution of 0.015 shares each of our common stock, or 1.5% per distribution of each outstanding share of common stock, to our stockholders of record at the close of business on March 31, 2014 and was issued on April 15, 2014.

Liquidity

Liquidity	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Liquidity	'
	(7) Liquidity
	At June 30, 2014 the Company had cash of $350,819 with no debt outstanding, and no obligations to fund capital in the existing investments. The Company continues to maintain arrangements with certain of its vendors to limit future expenses related to certain professional services. Also, the Company entered into agreements with its independent directors who agreed to receive all compensation through December 31, 2014 in the form of stock. As set forth in note (9), as of July 21, 2014, the Company obtained a secured working capital loan in the amount of $2.0 million.
	If the Company is unable to generate sufficient liquidity to meet its needs and in a timely manner, the Company may be required to further reduce operating expenses and limit its operations. If the Company is unable to raise additional equity, it would result in the inability to acquire real estate assets or other investments.

Registration_Statement

Registration Statement	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Registration Statement	'
	(8) Registration Statement
	On June 16, 2014 the Company filed Form S-11 with the Securities and Exchange Commission. The purpose of the filing is for the Company to raise funds in the public market as a publically traded company on the New York Stock Exchange (NYSE). There is no assurance that the registration statement related to such proposed public offering will become effective.  Commensurate with the proposed public offering, the Company has entered into purchase and sale agreements for industrial real estate, signed with unrelated parties between May 1, 2014 and July 21, 2014, with an aggregate purchase price of $145.785 million.  The closing of the purchase and sale agreements is subject to the completion of the aforementioned proposed offering and other conditions included in the agreements.
	The Company has incurred certain costs related to the proposed offering. These costs are reflected as Deferred offering costs. Deferred offering costs consist of professional accounting fees and estimated printing costs incurred through June 30, 2014. These costs will be charged to stockholders’ equity upon the completion of the proposed offering or charged to expense if the proposed offering is not completed.

Subsequent_Event

Subsequent Event	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Subsequent Event	'
	(9) Subsequent Events
	On July 21, 2014 the Company obtained a secured loan (the “Loan”) for $2,000,000 with an unrelated third party. The note requires payment of interest only, with interest paid monthly in arrears. The note has a term of six months and can be renewed for an additional six months at the Company’s option. Management anticipates using the loan proceeds for general corporate purposes, professional fees related to the filing of the S-11 registration with the SEC, and related deposits and costs for the portfolio of acquisitions to be made subsequent to the proposed offering. The Loan is secured by the Company’s membership interests in the Operating Partnership.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Basis of presentation	'
	Basis of Presentation
	These interim condensed consolidated financial statements include the accounts of the Company and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). All significant intercompany transactions have been eliminated in consolidation. These interim condensed consolidated financial statements include adjustments of a normal and recurring nature considered necessary by management to fairly present the Company’s financial position and results of operations. These interim condensed consolidated financial statements may not be indicative of financial results for the full year. The interim condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Equity Method Accounting	'
	Equity Method Accounting
	The Company may acquire equity interest in various limited partnerships or other entities. In certain cases where we have the ability to exercise significant influence we account for our equity interest under the equity method of accounting. Under the equity method of accounting, we recognize our proportional share of net income or loss as determined under GAAP in our results of operations.
Income Taxes	'
	Income Taxes
	We elected to be taxed as a Real Estate Investment Trust (“REIT”) under the Internal Revenue Code of 1986, as amended, and operate as such beginning with the tax year ending December 31, 2012. To qualify as a REIT, we must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of our annual REIT taxable income to stockholders (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, we generally will not be subject to federal income tax on income that we distribute as dividends to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax on our taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four tax years following the year during which qualification is lost, unless we are able to obtain relief under certain statutory provisions. Such an event could materially and adversely affect our net income and net cash available for distribution to stockholders. However, we intend to organize and operate in such a manner as to qualify for treatment as a REIT.
	The Company files income tax returns in the U.S federal jurisdiction and various state jurisdictions. The statute of limitations for the Company’s income tax returns is generally three years and as such, the Company’s returns that remain subject to examination would be primarily from 2011 and thereafter.
Earnings Per Share	'
	Earnings per Share
	Basic earnings per share are calculated on the basis of weighted-average number of common shares outstanding during the period. Basic earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Income Taxes (Details Narrative)	6 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies - Income Taxes Details Narrative	'
REIT income distribution requirement	'To qualify as a REIT, we must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of our annual REIT taxable income to stockholders

Initial_Offering_Details_Narra

Initial Offering (Details Narrative) (USD $)	41 Months Ended	6 Months Ended
	Aug. 13, 2014	Jun. 30, 2014	Jun. 30, 2014
		Initial Public Offering	Initial Public Offering
		Offered to Investors	Offered to Participants in the Company's Distribution Reinvestment Plan
Initial Public Offering (Textual) [Abstract]	'	'	'
Sale of stock, Description of transaction	'	'Shares were offered to investors	'Shares were offered to participants in the Company's distribution reinvestment plan
Issues under initial public offering, Value	'	$642,500,000	'
Stock offered, IPO	'	50,000,000	15,000,000
Price per share	'	'	$9.50
Gross offering proceeds	$11,581,000	'	'
Commencement date of Initial Offering	'	'2011-11-01	'
Termination date of the Initial Offering	'	'2014-05-06	'

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	6 Months Ended			6 Months Ended		39 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
				Plymouth Real Estate Investors, Inc. (Advisor)	Plymouth Real Estate Investors, Inc. (Advisor)	Plymouth Real Estate Investors, Inc. (Advisor)	Dealer Manager	Dealer Manager	Dealer Manager	Dealer Manager
							Expense Sharing Agreement	Expense Sharing Agreement	Expense Sharing Agreement	Expense Sharing Agreement
Related Party Transactions (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'
Consideration paid to the Advisor as a result of the termination	'	'	'	$0	'	'	'	'	'	'
Organization and Offering Costs, description	'	'	'	'Reimbursement of organization and offering costs to the Advisor or its affiliates for cumulative organization and offering expenses, but only to the extent that the total organizational and offering costs borne by the Company do not exceed 15.0% of gross offering proceeds as of the date of the reimbursement.	'	'	'	'	'	'
Organization and offering costs reimbursed to the Advisor	39,250	75,420	'	26,116	68,895	'	'	'	'	'
Acquisition or advisory fees incurred	'	'	'	0	0	'	'	'	'	'
Acquisition or advisory fees paid	'	'	'	0	0	'	'	'	'	'
Asset management fee, description	'	'	'	'Monthly asset management fees to the Advisor equal to one-twelfth of 1.0% of the sum of the cost of each asset, where cost equals the amount actually paid.	'	'	'	'	'	'
Asset management fees incurred	'	'	'	19,745	8,750	'	'	'	'	'
Common stock, description	'	'	'	'Common Stock issuable upon occurrence of certain events will be paid to the Sponsor as an origination fee equal to 3% of the equity funded to acquire the investments.	'	'	'	'	'	'
Common stock issued	1,325,792	'	1,192,695	0	0	0	'	'	'	'
Subscription processing fees incurred	'	'	'	0	0	'	'	'	'	'
Subscription processing fees paid	'	'	'	0	0	'	'	'	'	'
Expense Reimbursement, description	'	'	'	'Reimbursement to the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse our Advisor for any amount by which our operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of: (A) 2% of our average invested assets, or (B) 25% of our net income.	'	'	'	'	'	'
Reimbursed operating expenses of Advisor	'	'	'	0	542,165	1,228,065	'	'	'	'
Termination, description	'	'	'	'Upon termination or nonrenewal of the advisory agreement, our Advisor shall be entitled to receive an amount, payable in the form of an interest bearing promissory note, equal to 15% of the amount by which (i) our adjusted market value plus distributions exceeds (ii) the aggregate capital contributed by investors plus an amount equal to an 8% cumulative, non-compounded return to investors.	'	'	'	'	'	'
Deferred costs and expenses, description	'	'	'	'Pursuant to the terms of the agreement with its Advisor, the Advisor has the right to defer (without interest) receipt of all of these fees and expenses.	'	'	'	'	'	'
Receivable due from dealer manager	'	'	13,930	'	'	'	0	13,930	0	13,930
Commissions and dealer manager fees incurred	'	'	'	'	'	'	$12,250	$39,250	$45,340	$75,420

Investments_Details_Narrative

Investments (Details Narrative) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Aug. 31, 2012

Aug. 17, 2012

Sep. 30, 2012

Sep. 10, 2012

Nov. 15, 2013

Oct. 01, 2013

Dec. 31, 2013

CHCR II, TCG Cincinnati DRE LP, and TCG 5400 FIB LP

CHCR II, TCG Cincinnati DRE LP, and TCG 5400 FIB LP

CHCR II, TCG Cincinnati DRE LP, and TCG 5400 FIB LP

CHCR II, TCG Cincinnati DRE LP, and TCG 5400 FIB LP

Colony Hills Capital Residential II, LLC

Colony Hills Capital Residential II, LLC

TCG Cincinnati DRE LP

TCG Cincinnati DRE LP

TCG 5400 FIB LP

TCG 5400 FIB LP

TCG 5400 FIB LP

Integer

sqft

sqft

Integer

Ownership interest

'

'

'

'

'

'

'

'

'

51.50%

'

12.00%

'

'

50.30%

Purchase price for the equity interest acquired

'

'

'

'

'

'

'

'

$1,250,000

'

$500,000

'

$400,000

$3,500,000

'

Total equity investment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,900,000

Number of buildings in property

'

'

'

'

'

'

'

'

'

23

'

3

'

'

'

Number of units in multifamily complex

'

'

'

'

'

'

'

'

'

270

'

'

'

'

'

Property area (square feet)

'

'

'

'

'

'

'

'

'

'

'

576,751

'

'

682,750

Percent of property occupied at time of acquisition

'

'

'

'

'

'

'

'

'

93.30%

'

100.00%

'

'

100.00%

Number of tenants

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

Length of leases, description

'

'

'

'

'

'

'

'

'

'

'leases of two to ten years

'

'

'

'

Total purchase price paid by joint venture

'

'

'

'

'

'

'

'

13,900,000

'

'

'

'

21,900,000

'

Portion of purchase paid for with secured debt

'

'

'

'

'

'

'

'

10,600,000

'

'

'

'

15,000,000

'

Equity method income (loss)

100,273

-172,524

135,311

-149,261

'

'

'

'

'

'

'

'

'

'

'

Cash distributions from investments in joint ventures

161,021

35,114

313,407

79,292

'

'

'

'

'

'

'

'

'

'

'

Combined revenues

100,274

-172,520

135,312

-149,257

2,136,899

44,559

4,240,690

1,186,416

'

'

'

'

'

'

'

Combined expenses

$849,226

$754,941

$1,258,662

$1,364,152

$2,589,302

$135,263

$3,698,343

$976,603

'

'

'

'

'

'

'

Equity_Details_Narrative

Equity (Details Narrative)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Stock distributions, description	'Our Board of Directors declared a stock distribution of 0.015 shares each of our common stock, or 1.5% per distribution of each outstanding share of common stock, to our stockholders of record at the close of business on March 31, 2014 and was issued on April 15, 2014.

Liquidity_Details_Narrative

Liquidity (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'	'	'	'
Cash	$350,819	'	$265,952	$617,995	$174,442
Debt outstanding	'	$0	'	'	'
Investment oblgations, description	'no obligations to fund capital in the existing investments	'	'	'	'

Registration_Statement_Details

Registration Statement (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Aggregate purchase price of industrial real estate	$145,785,000

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (Subsequent Event, Secured Loan, USD $)	1 Months Ended
	Jul. 21, 2014
Subsequent Event | Secured Loan	'
Loan amount	$2,000,000
Loan terms	'The note requires payment of interest only, with interest paid monthly in arrears. The note has a term of six months and can be renewed for an additional six months at the Company’s option.