Global Medical REIT (GMRE) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 09, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	Global Medical REIT Inc.
Entity Central Index Key	1,533,615
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	GMRE
Entity Common Stock, Shares Outstanding		1,426,656

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Investment in real estate:
Land	$ 7,043,852	$ 4,563,852
Building and improvements	87,040,410	51,574,271
Real Estate Investment Property, at Cost, Total	94,084,262	56,138,123
Less: accumulated depreciation	(1,388,081)	(989,251)
Investment in real estate, net	92,696,181	55,148,872
Cash	507,281	9,184,270
Restricted cash	1,277,831	447,627
Tenant receivables	261,955	0
Prepaid assets	27,925	0
Escrow deposits	889,519	454,310
Deferred assets	436,068	93,646
Total assets	96,096,760	65,328,725
Liabilities:
Accrued expenses	1,568,004	683,857
Security deposits	319,499	0
Due to related parties, net	1,068,562	847,169
Convertible debenture, due to majority stockholder	25,030,134	40,030,134
Note payable to majority stockholder	421,000	421,000
Note payable to related party	450,000	0
Notes payable, net of unamortized discount of $1,302,730 and $302,892, respectively	54,488,884	23,485,173
Total liabilities	83,346,083	65,467,333
Stockholders' equity (deficit):
Preferred stock, $0.001 par value, 100,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock $0.001 par value, 500,000,000 shares authorized at March 31, 2016 and December 31, 2015, respectively; 1,426,656 and 250,000 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	1,427	250
Additional paid-in capital	18,010,613	3,011,790
Accumulated deficit	(5,261,363)	(3,150,648)
Total stockholders' equity (deficit)	12,750,677	(138,608)
Total liabilities and stockholders' equity (deficit)	$ 96,096,760	$ 65,328,725

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Notes payable, net of unamortized discount	$ 1,302,730	$ 302,892
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	1,426,656	250,000
Common stock, shares outstanding	1,426,656	250,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue
Rental revenue	$ 1,298,978	$ 454,638
Other income	15,081	7,500
Total revenue	1,314,059	462,138
Expenses
Acquisition fees - related party	754,000	0
General and administrative	888,529	64,307
Management fees - related party	90,000	90,000
Depreciation expense	398,830	152,336
Interest expense	1,129,263	344,042
Total expenses	3,260,622	650,685
Net loss	$ (1,946,563)	$ (188,547)
Net loss per share - Basic and Diluted (in dollars per share)	$ (3.11)	$ (0.75)
Weighted average shares outstanding - Basic and Diluted (in shares)	624,978	250,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities
Net loss	$ (1,946,563)	$ (188,547)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	398,830	152,336
Amortization of deferred financing costs	90,241	29,797
Changes in operating assets and liabilities:
Restricted cash	(319,499)	0
Tenant receivables	(261,955)	0
Prepaid assets	(27,925)	0
Accounts receivable	0	2,390
Deferred assets	(342,422)	0
Accrued expenses	884,147	(225,403)
Security deposits	319,499	0
Accrued management fees due to related party	90,000	90,000
Net cash used in operating activities	(1,115,647)	(139,427)
Investing activities
Escrow deposits for purchase of properties	394,310	0
Loans to related party	(21,500)	0
Purchase of buildings and improvements	(37,946,139)	0
Net cash used in investing activities	(37,573,329)	0
Financing activities
Change in restricted cash	(510,705)	148,864
Escrow deposits required by third party lenders	(829,519)
Loans from related party	152,893	0
Proceeds from note payable to majority stockholder	0	350,000
Proceeds from notes payable from acquisitions	41,320,900	0
Payments on notes payable from acquisitions	(9,317,351)	(78,970)
Proceeds from note payable from related party	450,000	0
Payments of deferred financing costs	(1,090,079)	0
Dividends paid to stockholders	(164,152)	(63,900)
Net cash provided by financing activities	30,011,987	355,994
Net (decrease) increase in cash and cash equivalents	(8,676,989)	216,567
Cash and cash equivalents—beginning of period	9,184,270	88,806
Cash and cash equivalents—end of period	507,281	305,373
Supplemental cash flow information:
Cash payments for interest	337,609	548,150
Noncash financing and investing activities:
Conversion of convertible debenture due to majority stockholder to shares of common stock	$ 15,000,000	$ 0

Organization

Organization	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 – Organization Global Medical REIT Inc. (the “Company”) is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share. The Company is externally managed and advised by Inter-American Management, LLC (the “Advisor”). The Company has seven wholly owned Delaware limited liability company subsidiaries that were formed to own the facilities within the Company’s portfolio. The Company’s wholly owned subsidiaries are as follows: GMR Melbourne, LLC; GMR Westland, LLC; GMR Plano, LLC; GMR Memphis, LLC; GMR Pittsburgh, LLC; GMR Asheville, LLC, and GMR Omaha, LLC. On March 14, 2016, the Company and its wholly owned subsidiary, Global Medical REIT GP LLC, a Delaware limited liability company (the “GP”), entered into an Agreement of Limited Partnership pursuant to which the Company serves as the initial limited partner, and the GP serves as the sole general partner, of the Company’s operating partnership, Global Medical REIT L.P., a Delaware limited partnership (the “Operating Partnership”). The Company also entered into a Contribution and Assignment Agreement (the “Contribution Agreement”) with the Operating Partnership pursuant to which the Company contributed to the Operating Partnership 100 The Company intends to contribute its ownership interests in the subsidiaries that own the Company’s other properties upon receipt of the required lender consents. The Company was acquired in June 2015 by ZH International Holdings Limited (formerly known as Heng Fai Enterprises, Ltd.), a Hong Kong listed company that is engaged in real estate development, investments, management and sales, hospitality management and investments and REIT management. ZH International Holdings Limited owns ZH USA, LLC, the Company’s majority stockholder. As of March 31, 2016, ZH USA, LLC owns an aggregate of 1,425,481 99.9

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 – Summary of Significant Accounting Policies The accompanying financial statements are unaudited and include the accounts of the Company. The accompanying financial statements have been prepared in accordance with GAAP and the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the accompanying financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2015. In the opinion of management, all adjustments of a normal and recurring nature necessary for a fair presentation of the financial statements for the interim periods have been made. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material intercompany balances and transactions between the Company and its subsidiaries have been eliminated. See Note 1 – “Organization” for the names of our wholly owned subsidiaries. Restricted cash represents cash required by a third party lender to be held by the Company as a reserve for debt service and a security deposit received from one of the Company’s tenants. The restricted cash balance as of March 31, 2016 and December 31, 2015 was $ 1,277,831 447,627 830,204 320,000 511,000 Tenant receivables of $ 261,955 Escrow deposits include funds held in escrow to be used for the acquisition of future properties as well as for the payment of taxes, insurance, and other amounts as stipulated by the Company’s third party loan agreements. The escrow balance as of March 31, 2016 and December 31, 2015 was $ 889,519 454,310 435,209 830,000 394,000 The deferred asset balance of $ 436,068 73,068 363,000 The security deposit liability as of March 31, 2016 represents funds deposited by the Plano facility at the inception of its lease. See Note 3 – “Property Portfolio” for additional information regarding the Plano facility acquisition.

Property Portfolio

Property Portfolio	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 3 – Property Portfolio Properties Acquired During the Three Months Ended March 31, 2016 During the three months ended March 31, 2016, the Company acquired three facilities. A summary description of those facilities is as follows: Plano Facility On January 28, 2016, the Company closed on an asset purchase agreement with an unrelated party Star Medreal, LLC, a Texas limited liability company, to acquire an approximately 24,000 17.5 17.7 500,000 2.75 6,400 Also on January 28, 2016, the Company entered into a Promissory Note and Deed of Trust with East West Bank to borrow a total of $ 9,223,500 53,280 January 28, 2021 five 50,000 46,118 0.50 4.0 65,576 9,223,500 53,280 Additional funding for this transaction was received from the Company’s majority stockholder during the year ended December 31, 2015 in the amount of $ 9,369,310 9,025,000 344,310 9,369,310 12.748 Melbourne Facility On March 31, 2016, the Company closed on a purchase agreement to acquire a 78,000 15.45 15.5 1.9 The Melbourne facility acquisition was financed in full using proceeds from the third party Cantor Loan, which is disclosed in Note 4 – “Notes Payable Related to Acquisitions.” The Melbourne facility’s obligations under the lease with Marina Towers, LLC are fully guaranteed by its parent company, First Choice Healthcare Solutions, Inc. (OTCMKTS: FCHS). Information about First Choice Healthcare Solutions, Inc., including its audited historical financial statements, can be obtained from its Annual Report on Form 10-K and other reports and filings available on its website at http://www.myfchs.com/ or on the SEC website at www.sec.gov. Westland Facility On March 31, 2016, the Company closed on a purchase agreement to acquire a two-story medical office building and ambulatory surgery center located in Westland, Michigan for an aggregate purchase price of $ 4.75 4.8 15,018 1.3 The Westland facility acquisition was financed in full using proceeds from the third party Cantor Loan, which is disclosed in Note 4 – “Notes Payable Related to Acquisitions.” Land Building & Improvements Gross Investment Balances as of January 1, 2016 $ 4,563,852 $ 51,574,271 $ 56,138,123 Acquisitions: Plano Facility 1,050,000 16,696,139 17,746,139 Melbourne Facility 1,200,000 14,250,000 15,450,000 Westland Facility 230,000 4,520,000 4,750,000 Total Additions: 2,480,000 35,466,139 37,946,139 Balances as of March 31, 2016 $ 7,043,852 $ 87,040,410 $ 94,084,262 Depreciation expense was $ 398,830 152,336 Summary of Properties in the Company’s Existing Portfolio as of December 31, 2015 Tennessee Facilities On December 31, 2015, the Company acquired a six building, 52,266 20.0 20.2 1.75 20,900,000 West Mifflin Facility On September 25, 2015, the Company acquired a combined approximately 27,193 11.35 11.6 2 7,377,500 4,545,838 Asheville Facility On September 19, 2014, the Company acquired an approximately 8,840 2.5 1.7 Omaha Facility On June 5, 2014, the Company completed the acquisition of a 56-bed long term acute care hospital located at 1870 S. 75 th 21.7 21.9 60 15.06 The Omaha facility’s obligations under the sublease with Select Specialty Hospital – Omaha, Inc. are fully guaranteed by its parent company, Select Medical Corporation (NYSE: SEM). Information about Select Medical Corporation, including its audited historical financial statements, can be obtained from its Annual Report on Form 10-K and other reports and filings available on its website at http://www.selectmedical.com/ or on the SEC website at www.sec.gov.

Notes Payable Related to Acquis

Notes Payable Related to Acquisitions	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 4 – Notes Payable Related to Acquisitions Summary of Notes Payable Related to Acquisitions, Net of Debt Discount As disclosed in Note 2 – “Summary of Significant Accounting Policies” effective for the fiscal year ended December 31, 2015, the Company early adopted the provisions of ASU 2015-03, which requires retrospective application. The adoption of ASU 2015-03 represents a change in accounting principle. March 31, 2016 December 31, 2015 Notes payable related to acquisitions, gross $ 55,791,614 $ 23,788,065 Less: Unamortized debt discount (deferred financing costs) (1,302,730) (302,892) Notes payable related to acquisitions, net $ 54,488,884 $ 23,485,173 The Company incurred financing costs related to the Cantor, Plano, West Mifflin, Asheville, and Omaha loans that are treated as debt discounts. Balance as of January 1, 2016, net $ 302,892 Additions – Plano financing 53,280 Additions – Cantor financing 1,036,799 Write-off of Plano financing costs (a) (53,280) Debt discount amortization expense (36,961) Balance as of March 31, 2016, net $ 1,302,730 (a) As disclosed in Note 3 – “Property Portfolio,” the Plano loan was refinanced with proceeds from the Cantor loan (discussed below) and accordingly the Plano related deferred financing costs were written off during the three months ended March 31, 2016 into the “Interest Expense” line item in the accompanying Consolidated Statements of Operations. Amortization expense of $ 90,241 29,797 Cantor Loan On March 31, 2016, through certain of the Company’s subsidiaries, the Company entered into a $ 32,097,400 9,223,500 The Cantor Loan has a maturity date of April 6, 2026 5.22 Prepayment can only occur within four months prior to the maturity date, except that after the earlier of (a) 2 years after the loan is placed in a securitized mortgage pool, or (ii) May 6, 2020, the Cantor Loan can be fully and partially defeased upon payment of amounts due under the Cantor Loan and payment of a defeasance amount that is sufficient to purchase U.S. government securities equal to the scheduled payments of principal, interest, fees, and any other amounts due related to a full or partial defeasance under the Cantor Loan. The Company is securing the payment of the Cantor Loan with the assets, including property, facilities, and rents, held by the GMR Loan Subsidiaries and has agreed to guarantee certain customary recourse obligations, including findings of fraud, gross negligence, or breach of environmental covenants by GMR Loan Subsidiaries. The GMR Loan Subsidiaries will be required to maintain a monthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate No principal payments were made for the three months ended March 31, 2016. The note balance as of March 31, 2016 was $32,097,400. No interest expense was incurred on this note for the three months ended March 31, 2016. 2016 $ - 2017 - 2018 - 2019 - 2020 - Thereafter 32,097,400 Total $ 32,097,400 West Mifflin Note Payable In order to finance a portion of the purchase price for the West Mifflin facility, on September 25, 2015 the Company entered into a Term Loan and Security Agreement with Capital One to borrow $ 7,377,500 3.72 September 25, 2020 7,377,500 69,373 0 2016 $ - 2017 - 2018 22,044 2019 136,007 2020 7,219,449 Total $ 7,377,500 Asheville Note Payable In order to finance a portion of the purchase price of the Asheville facility, on September 15, 2014 the Company entered into a Promissory Note with the Bank of North Carolina to borrow $ 1,700,000 4.75 February 15, 2017 th th 13,046 37,899 1,649,055 1,662,101 19,910 20,188 2016 $ 39,673 2017 1,609,382 Total $ 1,649,055 Omaha Note Payable In order to finance a portion of the purchase price for the Omaha facility, on June 5, 2014 the Company entered into a Term Loan and Security Agreement with Capital One, National Association to borrower $ 15,060,000 4.91 June 5, 2017 301,200 80,805 311,536 14,667,659 14,748,464 182,750 186,628 2016 $ 244,518 2017 14,423,141 Total $ 14,667,659

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 5 – Stockholders’ Equity Preferred Stock The Company’s charter authorizes the issuance of 100,000,000 0.001 Common Stock The Company has 500,000,000 0.001 1,426,656 250,000 On March 2, 2016, ZH USA, LLC converted $ 15,000,000 1,176,656 Pursuant to a previously declared dividend approved by the Board of Directors of the Company and in compliance with applicable provisions of the Maryland General Corporation Law, the Company has paid a monthly dividend of $ 0.0852 164,152 63,900

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 6 – Related Party Transactions Allocated General and Administrative Expenses In the future, the Company may receive an allocation of general and administrative expenses from the Advisor that are either clearly applicable to or were reasonably allocated to the operations of the properties. There were no allocated general and administrative expenses from the Advisor for the three months ended March 31, 2016 or the twelve months ended December 31, 2015. Convertible Debenture, due to Majority Stockholder The Company has received funds from its majority stockholder ZH USA, LLC in the form of convertible interest bearing notes ( 8 12.748 Balance as of January 1, 2016 $ 40,030,134 Conversion of convertible debenture to common shares (a) (15,000,000) Balance as of March 31, 2016 $ 25,030,134 (a) As disclosed in Note 5 – “Stockholders’ Equity” on March 2, 2016, ZH USA, LLC converted $ 15,000,000 1,176,656 Interest expense on the convertible debenture was $ 699,779 107,429 The Company analyzed the conversion option in the convertible debenture for derivative accounting treatment under ASC Topic 815, “Derivatives and Hedging,” and determined that the instrument does not qualify for derivative accounting. The Company performed an analysis in accordance with ASC Topic 470-20, “Debt with Conversion and Other Options,” to determine if the conversion option was subject to a beneficial conversion feature and determined that the instrument does not have a beneficial conversion feature. Note Payable to Majority Stockholder The Company has received funds from its majority stockholder ZH USA, LLC in the form of a non-interest bearing due on demand note payable, which is classified as “Note payable to majority stockholder” on the accompanying Consolidated Balance Sheets. Balance as of January 1, 2016 $ 421,000 Proceeds received from majority stockholder - Repayments of note payable - Balance as of March 31, 2016 $ 421,000 Note Payable to Related Party During the three months ended March 31, 2016, the Company received total funds in the amount of $ 450,000 4 1,634 Due to Related Parties, Net Due to Due (to) from Total Due (To) Due from Advisor – Due to Advisor – Other Related From Related Advisor Mgmt. Fees Other Funds Party Parties, Net Balance as of January 1, 2016 $ 178,111 (630,000) (240,280) (155,000) (847,169) Management fees due to Advisor (a) - (90,000) - - (90,000) Funds loaned by Advisor (b) - - (152,893) - (152,893) Funds loaned to Other Related Party - - - 21,500 21,500 Balance as of March 31, 2016 $ 178,111 (720,000) (393,173) (133,500) (1,068,562) (a) This amount represents a cash flow operating activity. (b) Funds loaned to the Company were primarily used by the Company for general corporate purposes. Management Agreement On November 10, 2014, the Company entered into a Management Agreement, with an effective date of April 1, 2014, with Inter-American Management, LLC (the “Advisor”), a Delaware limited liability company and an affiliate of the Company. Under the terms of the Management Agreement, the Advisor is responsible for designing and implementing the Company’s business strategy and administering its business activities and day-to-day operations. For performing these services, the Company is obligated to pay the Advisor a base management fee equal to the greater of (a) 2.0 30,000 90,000 754,000

Rental Revenue

Rental Revenue	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Operating Leases of Lessor Disclosure [Text Block]	Note 7 – Rental Revenue 2016 $ 5,034,388 2017 6,711,661 2018 6,814,579 2019 6,967,091 2020 7,103,838 Thereafter 62,948,013 Total $ 95,579,570 For the three months ended March 31, 2016, the Omaha facility constituted approximately 34% of the Company’s rental revenue, the Tennessee facilities constituted approximately 27% of rental revenue, the Plano facility constituted approximately 18% of rental revenue and the Pittsburgh facility constituted approximately 17% of rental revenue. All other facilities individually contributed the remaining total of approximately 4% of rental revenue. For the three months ended March 31, 2015, the Omaha facility constituted approximately 88% of the Company’s rental revenue and the Asheville facility constituted approximately 12% of rental revenue.

Omaha Land Lease Rent Expense

Omaha Land Lease Rent Expense	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	Note 8 – Omaha Land Lease Rent Expense The Omaha facility land lease initially was to expire in 2023 with options to renew up to 60 2033 12.5 18,154 14,970 2016 $ 44,908 2017 59,877 2018 63,619 2019 67,362 2020 67,362 Thereafter 973,586 Total $ 1,276,714

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 9 - Commitments and Contingencies Litigation The Company is not presently subject to any material litigation nor, to its knowledge, is any material litigation threatened against the Company, which if determined unfavorably to the Company, would have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Environmental Matters The Company follows a policy of monitoring its properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist at its properties, the Company is not currently aware of any environmental liability with respect to its properties that would have a material effect on its financial position, results of operations, or cash flows. Additionally, the Company is not aware of any material environmental liability or any unasserted claim or assessment with respect to an environmental liability that management believes would require additional disclosure or the recording of a loss contingency.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 10 – Subsequent Events Filing of Registration Statement On April 1, 2016, the Company filed a registration statement on Form S-11 relating to a proposed initial public offering of the Company’s common stock. Executed Asset Purchase Agreement Subsequent to March 31, 2016 On April 19, 2016, the Company entered into an Asset Purchase Agreement (the “Agreement”) with Paper Mill Partners, L.P., a Pennsylvania limited partnership (the “Partners”) and Ridgewood Surgery Center, L.P., a Pennsylvania limited partnership (“Ridgewood”) (Partners and Ridgewood each a “Seller” and collectively the “Sellers”) to acquire a 17,000 6,500 9,200,600 The Eye Center will be leased back to Berks Eye Physicians & Surgeons, Ltd., a Pennsylvania professional corporation (the “Eye Center Tenant”) and the Surgery Center will be leased back to Ridgewood Surgery Associates LLC, a Pennsylvania limited liability company (the “Surgery Center Tenant”). Both leases will be 10-year absolute triple-net lease agreements that expire in 2026 and will be cross defaulted. Both leases also provide for two consecutive five-year extensions at the option of the tenants. The Eye Center Lease will be guaranteed by the Surgery Center Tenant and the Surgery Center Lease will be guaranteed by the Eye Center Tenant, each pursuant to a written guaranty. Under the Agreement, the Company has the right to, and intends to, designate one or more subsidiaries of the Company’s Operating Partnership, to purchase the Facilities and lease them back to the tenant-operators.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Basis of presentation The accompanying financial statements are unaudited and include the accounts of the Company. The accompanying financial statements have been prepared in accordance with GAAP and the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the accompanying financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2015. In the opinion of management, all adjustments of a normal and recurring nature necessary for a fair presentation of the financial statements for the interim periods have been made.
Consolidation, Policy [Policy Text Block]	Consolidation Policy The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material intercompany balances and transactions between the Company and its subsidiaries have been eliminated. See Note 1 – “Organization” for the names of our wholly owned subsidiaries.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash represents cash required by a third party lender to be held by the Company as a reserve for debt service and a security deposit received from one of the Company’s tenants. The restricted cash balance as of March 31, 2016 and December 31, 2015 was $ 1,277,831 447,627 830,204 320,000 511,000
Receivables, Policy [Policy Text Block]	Tenant Receivables Tenant receivables of $ 261,955
Escrow Deposits Policy [Policy Text Block]	Escrow Deposits Escrow deposits include funds held in escrow to be used for the acquisition of future properties as well as for the payment of taxes, insurance, and other amounts as stipulated by the Company’s third party loan agreements. The escrow balance as of March 31, 2016 and December 31, 2015 was $ 889,519 454,310 435,209 830,000 394,000
Deferred Charges, Policy [Policy Text Block]	Deferred Assets The deferred asset balance of $ 436,068 73,068 363,000
Security Deposit Liability [Policy Text Block]	Security Deposit Liability The security deposit liability as of March 31, 2016 represents funds deposited by the Plano facility at the inception of its lease. See Note 3 – “Property Portfolio” for additional information regarding the Plano facility acquisition.

Property Portfolio (Tables)

Property Portfolio (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	A rollforward of the gross investment in land, building and improvements as of March 31, 2016 resulting from the addition of the three properties is as follows: Land Building & Improvements Gross Investment Balances as of January 1, 2016 $ 4,563,852 $ 51,574,271 $ 56,138,123 Acquisitions: Plano Facility 1,050,000 16,696,139 17,746,139 Melbourne Facility 1,200,000 14,250,000 15,450,000 Westland Facility 230,000 4,520,000 4,750,000 Total Additions: 2,480,000 35,466,139 37,946,139 Balances as of March 31, 2016 $ 7,043,852 $ 87,040,410 $ 94,084,262

Notes Payable Related to Acqu18

Notes Payable Related to Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Instrument [Line Items]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	A detail of the impact of adopting ASU 2015-03 on the Company’s Notes Payable Related to Acquisitions, net of unamortized discount balances, as of March 31, 2016 and December 31, 2015, is as follows March 31, 2016 December 31, 2015 Notes payable related to acquisitions, gross $ 55,791,614 $ 23,788,065 Less: Unamortized debt discount (deferred financing costs) (1,302,730) (302,892) Notes payable related to acquisitions, net $ 54,488,884 $ 23,485,173
Schedule of Debt [Table Text Block]	Balance as of January 1, 2016, net $ 302,892 Additions – Plano financing 53,280 Additions – Cantor financing 1,036,799 Write-off of Plano financing costs (a) (53,280) Debt discount amortization expense (36,961) Balance as of March 31, 2016, net $ 1,302,730 (a) As disclosed in Note 3 – “Property Portfolio,” the Plano loan was refinanced with proceeds from the Cantor loan (discussed below) and accordingly the Plano related deferred financing costs were written off during the three months ended March 31, 2016 into the “Interest Expense” line item in the accompanying Consolidated Statements of Operations.
Cantor Loan [Member]
Debt Instrument [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	As of March 31, 2016, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows: 2016 $ - 2017 - 2018 - 2019 - 2020 - Thereafter 32,097,400 Total $ 32,097,400
West Mifflin Note Payable [Member]
Debt Instrument [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	As of March 31, 2016, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows: 2016 $ - 2017 - 2018 22,044 2019 136,007 2020 7,219,449 Total $ 7,377,500
Asheville Note Payable [Member]
Debt Instrument [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	As of March 31, 2016, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows: 2016 $ 39,673 2017 1,609,382 Total $ 1,649,055
Omaha Note Payable [Member]
Debt Instrument [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	As of March 31, 2016, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows: 2016 $ 244,518 2017 14,423,141 Total $ 14,667,659

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Convertible Debt [Table Text Block]	Balance as of January 1, 2016 $ 40,030,134 Conversion of convertible debenture to common shares (a) (15,000,000) Balance as of March 31, 2016 $ 25,030,134 (a) As disclosed in Note 5 – “Stockholders’ Equity” on March 2, 2016, ZH USA, LLC converted $ 15,000,000 1,176,656
Schedule of Funding from Majority Stockholder [Table Text Block]	Balance as of January 1, 2016 $ 421,000 Proceeds received from majority stockholder - Repayments of note payable - Balance as of March 31, 2016 $ 421,000
Schedule of Related Party Transactions [Table Text Block]	Due to Due (to) from Total Due (To) Due from Advisor – Due to Advisor – Other Related From Related Advisor Mgmt. Fees Other Funds Party Parties, Net Balance as of January 1, 2016 $ 178,111 (630,000) (240,280) (155,000) (847,169) Management fees due to Advisor (a) - (90,000) - - (90,000) Funds loaned by Advisor (b) - - (152,893) - (152,893) Funds loaned to Other Related Party - - - 21,500 21,500 Balance as of March 31, 2016 $ 178,111 (720,000) (393,173) (133,500) (1,068,562) (a) This amount represents a cash flow operating activity. (b) Funds loaned to the Company were primarily used by the Company for general corporate purposes.

Rental Revenue (Tables)

Rental Revenue (Tables)	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Schedule of Future Lease Payments Receivables [Table Text Block]	The aggregate annual minimum cash to be received by the Company on the noncancelable operating leases related to its portfolio of facilities in effect as of March 31, 2016, are as follows for the subsequent years ended December 31; as listed below. 2016 $ 5,034,388 2017 6,711,661 2018 6,814,579 2019 6,967,091 2020 7,103,838 Thereafter 62,948,013 Total $ 95,579,570

Omaha Land Lease Rent Expense (

Omaha Land Lease Rent Expense (Tables)	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The aggregate minimum cash payments to be made by the Company on the non-cancelable Omaha facility related land lease in effect as of March 31, 2016, are as follows for the subsequent years ended December 31; as listed below. 2016 $ 44,908 2017 59,877 2018 63,619 2019 67,362 2020 67,362 Thereafter 973,586 Total $ 1,276,714

Organization (Details)

Organization (Details) - shares	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
ZH USA, LLC owns an aggregate of Company's outstanding common stock	1,426,656	250,000
ZH International Holdings Limited [Member]
Operating Partnership	100.00%
ZH USA, LLC owns an aggregate of Company's outstanding common stock	1,425,481
ZH USA, LLC owns an aggregate of Company's outstanding common stock in percentage	99.90%

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents	$ 1,277,831	$ 447,627
Increase in Restricted Cash	830,204
Tenant Receivables	261,955	0
Escrow Deposit	889,519	454,310
Increase (Decrease) in Escrow Deposits	435,209
Escrow Deposit Disbursements Related to Property Acquisition	394,000
Deferred Costs and Other Assets	436,068	$ 93,646
Deferred Rent Receivables, Net	73,068
Deferred Offering Costs	363,000
Cantor Loan [Member]
Increase (Decrease) in Escrow Deposits	830,000
Plano Lease [Member]
Increase in Restricted Cash	320,000
West Mifflin and Omaha Facility Loans [Member]
Increase in Restricted Cash	$ 511,000

Property Portfolio (Gross Inves

Property Portfolio (Gross Investment) (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Property, Plant and Equipment [Line Items]
Balances as of January 1, 2016	$ 56,138,123
Property Plant And Equipment Additions [Abstract]
Acquisitions	37,946,139
Balances as of March 31, 2016	94,084,262
Plano Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	17,746,139
Melbourne Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	15,450,000
Westland Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	4,750,000
Land [Member]
Property, Plant and Equipment [Line Items]
Balances as of January 1, 2016	4,563,852
Property Plant And Equipment Additions [Abstract]
Acquisitions	2,480,000
Balances as of March 31, 2016	7,043,852
Land [Member] | Plano Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	1,050,000
Land [Member] | Melbourne Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	1,200,000
Land [Member] | Westland Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	230,000
Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Balances as of January 1, 2016	51,574,271
Property Plant And Equipment Additions [Abstract]
Acquisitions	35,466,139
Balances as of March 31, 2016	87,040,410
Land, Buildings and Improvements [Member] | Plano Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	16,696,139
Land, Buildings and Improvements [Member] | Melbourne Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	14,250,000
Land, Buildings and Improvements [Member] | Westland Facility [Member]
Property Plant And Equipment Additions [Abstract]
Acquisitions	$ 4,520,000

Property Portfolio (Details)

Property Portfolio (Details)	Jun. 05, 2014USD ($)	Jan. 28, 2016USD ($)ft²	Sep. 25, 2015USD ($)ft²	Mar. 31, 2016USD ($)ft²a	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)ft²	Sep. 19, 2014USD ($)ft²
Property, Plant and Equipment [Line Items]
Write-off of financing costs				$ 90,241	$ 29,797
Proceeds from Related Party Debt				152,893	0
Escrow Deposit				889,519		$ 454,310
Convertible Debentures to Majority Stockholder				421,000		421,000
Depreciation, Total				398,830	$ 152,336
Convertible Debt to Majority Stockholder				25,030,134		40,030,134
Plano Facility [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | ft²		24,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total		$ 17,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs		17,700,000
Payment of Development fee		500,000
Allowance for Tenant Improvements		$ 2,750,000
Real Estate Property Development Area | ft²		6,400
Plano Facility [Member] | Promissory Note and Deed of Trust [Member]
Property, Plant and Equipment [Line Items]
Debt Instrument, Face Amount		$ 9,223,500
Deferred Finance Costs, Net		$ 53,280
Debt Instrument, Maturity Date		Jan. 28, 2021
Debt Instrument, Term		5 years
Debt Instrument Non Refundable Deposits		$ 50,000
Debt Instrument, Fee Amount		$ 46,118
Debt Instrument, Basis Spread on Variable Rate		0.50%
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum		4.00%
Interest Expense, Debt				65,576
Long-term Debt, Total				9,223,500
Write-off of financing costs				53,280
Plano Facility [Member] | Unsecured Convertible Debentures [Member]
Property, Plant and Equipment [Line Items]
Long-term Debt, Total						9,025,000
Proceeds from Related Party Debt						9,369,310
Escrow Deposit						$ 344,310
Convertible Debentures to Majority Stockholder				9,369,310
Debt Instrument Convertible, Base for Conversion				$ 12.748
Melbourne Facility [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | ft²				78,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total				$ 15,450,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs				$ 15,500,000
Area of Land | a				1.9
Westland Facility [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | a				1.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total				$ 4,750,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs				$ 4,800,000
Net Rentable Area | ft²				15,018
Tennessee facilities [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | ft²						52,266
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total						$ 20,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs						$ 20,200,000
Operating Leases of Lessee Base Rate Percentage of Increase						1.75%
Convertible Debt to Majority Stockholder						$ 20,900,000
West Mifflin Facility [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | ft²			27,193
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total			$ 11,350,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs			11,600,000
Long-term Debt, Total			$ 7,377,500
Operating Leases of Lessee Base Rate Percentage of Increase			2.00%
Convertible Debt to Majority Stockholder			$ 4,545,838
Asheville facility [Member]
Property, Plant and Equipment [Line Items]
Area of Real Estate Property | ft²							8,840
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total							$ 2,500,000
Long-term Debt, Total							$ 1,700,000
Omaha facility [Member]
Property, Plant and Equipment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 21,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, After Transaction Costs	21,900,000
Long-term Debt, Total	$ 15,060,000
Lessor Leasing Arrangements, Operating Leases, Renewal Term	60 years

Schedule of net of unamortized

Schedule of net of unamortized discount balances (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Notes payable related to acquisitions, gross	$ 55,791,614	$ 23,788,065
Less: Unamortized debt discount (deferred financing costs)	(1,302,730)	(302,892)
Notes payable related to acquisitions, net	$ 54,488,884	$ 23,485,173

Schedule of unamortized debt di

Schedule of unamortized debt discount (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Debt Instrument [Line Items]
Balance as of January 1, 2016, net	$ 302,892
Write-off of Plano financing costs	(53,280)	[1]
Debt discount amortization expense	(36,961)
Balance as of March 31, 2016, net	1,302,730
Plano Financing [Member]
Debt Instrument [Line Items]
Additions	53,280
Cantor Loan [Member]
Debt Instrument [Line Items]
Additions	$ 1,036,799
[1]	As disclosed in Note 3 – "Property Portfolio," the Plano loan was refinanced with proceeds from the Cantor loan (discussed below) and accordingly the Plano related deferred financing costs were written off during the three months ended March 31, 2016 into the “Interest Expense” line item in the accompanying Consolidated Statements of Operations.

Scheduled Principal Payments Du

Scheduled Principal Payments Due On Cantor Loan Note Payable (Details) - Cantor Loan [Member]	Mar. 31, 2016USD ($)
Debt Instrument [Line Items]
2,016	$ 0
2,017	0
2,018	0
2,019	0
2,020	0
Thereafter	32,097,400
Total	$ 32,097,400

Scheduled Principal Payments 29

Scheduled Principal Payments Due On West Mifflin Note Payable (Details) - West Mifflin Note Payable [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Sep. 25, 2015
Debt Instrument [Line Items]
2,016	$ 0
2,017	0
2,018	22,044
2,019	136,007
2,020	7,219,449
Total	$ 7,377,500	$ 7,377,500	$ 7,377,500

Scheduled Principal Payments 30

Scheduled Principal Payments Due On Asheville Note Payable (Details) - Asheville Note Payable [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Sep. 15, 2014
Debt Instrument [Line Items]
2,016	$ 39,673
2,017	1,609,382
Total	$ 1,649,055	$ 1,662,101	$ 1,700,000

Scheduled Principal Payments 31

Scheduled Principal Payments Due On Omaha Note Payable (Details) - Omaha Note Payable [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Jun. 05, 2014
Debt Instrument [Line Items]
2,016	$ 244,518
2,017	14,423,141
Total	$ 14,667,659	$ 14,748,464	$ 15,060,000

Notes Payable Related to Acqu32

Notes Payable Related to Acquisitions (Details) - USD ($)	Jun. 05, 2014	Sep. 25, 2015	Sep. 15, 2014	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Amortization of Financing Costs				$ 90,241	$ 29,797
Cantor Loan [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt, Total				9,223,500
Long-term Debt, Total				$ 32,097,400
Debt Instrument, Interest Rate, Stated Percentage				5.22%
Debt Instrument, Description				Prepayment can only occur within four months prior to the maturity date, except that after the earlier of (a) 2 years after the loan is placed in a securitized mortgage pool, or (ii) May 6, 2020, the Cantor Loan can be fully and partially defeased upon payment of amounts due under the Cantor Loan and payment of a defeasance amount that is sufficient to purchase U.S. government securities equal to the scheduled payments of principal, interest, fees, and any other amounts due related to a full or partial defeasance under the Cantor Loan.
Debt Instrument, Maturity Date				Apr. 6, 2026
Debt Instrument, Covenant Description				maintain amonthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate
West Mifflin Note Payable [Member]
Debt Instrument [Line Items]
Long-term Debt, Total		$ 7,377,500		$ 7,377,500		$ 7,377,500
Debt Instrument, Interest Rate, Stated Percentage		3.72%
Debt Instrument, Maturity Date		Sep. 25, 2020
Interest Expense, Debt				69,373	0
Asheville Note Payable [Member]
Debt Instrument [Line Items]
Long-term Debt, Total			$ 1,700,000	1,649,055		1,662,101
Debt Instrument, Interest Rate, Stated Percentage			4.75%
Debt Instrument, Maturity Date			Feb. 15, 2017
Interest Expense, Debt				19,910	20,188
Debt Instrument, Periodic Payment, Principal				13,046		37,899
Omaha Note Payable [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	$ 15,060,000			14,667,659		14,748,464
Debt Instrument, Interest Rate, Stated Percentage	4.91%
Debt Instrument, Maturity Date	Jun. 5, 2017
Interest Expense, Debt				182,750	$ 186,628
Debt Instrument, Periodic Payment, Principal				80,805		$ 311,536
Debt Instrument, early termination fee amount				$ 301,200

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Mar. 02, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Preferred Stock, Shares Authorized		100,000,000		100,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Preferred Stock, Shares Issued		0		0
Preferred Stock, Shares Outstanding		0		0
Common Stock, Shares Authorized		500,000,000		500,000,000
Common Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Common Stock, Shares, Outstanding		1,426,656		250,000
Common Stock, Dividends, Per Share, Cash Paid		$ 0.0852
Dividends, Common Stock, Total		$ 164,152	$ 63,900
ZH USA, LLC [Member]
Debt Conversion, Original Debt, Amount	$ 15,000,000
Debt Conversion, Converted Instrument, Shares Issued	1,176,656

Convertible Debenture, due to M

Convertible Debenture, due to Majority Stockholder (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Related Party Transaction [Line Items]
Balance as of January 1, 2016	$ 40,030,134
Conversion of convertible debenture to common shares	(15,000,000)	[1]
Balance as of March 31, 2016	$ 25,030,134
[1]	As disclosed in Note 5 – “Stockholders’ Equity” on March 2, 2016, ZH USA, LLC converted $15,000,000 of principal under the Convertible Debenture into 1,176,656 shares of the Company’s unregistered common stock.

Note Payable to Majority Stockh

Note Payable to Majority Stockholder (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Balance as of January 1, 2016	$ 421,000
Proceeds received from majority stockholder	0	$ 350,000
Repayments of note payable	0
Balance as of March 31, 2016	$ 421,000

Due to Related Parties, Net (De

Due to Related Parties, Net (Details) - USD ($)		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Balance as of January 1, 2016		$ 847,169
Management fees due to Advisor	[1]	(90,000)
Funds loaned by Advisor	[2]	(152,893)
Funds loaned to Other Related Party		21,500	$ 0
Balance as of March 31, 2016		1,068,562
Due From Advisor [Member]
Related Party Transaction [Line Items]
Balance as of January 1, 2016		178,111
Management fees due to Advisor	[1]	0
Funds loaned by Advisor	[2]	0
Funds loaned to Other Related Party		0
Balance as of March 31, 2016		178,111
Due To Advisor Mgmt Fees [Member]
Related Party Transaction [Line Items]
Balance as of January 1, 2016		(630,000)
Management fees due to Advisor	[1]	(90,000)
Funds loaned by Advisor	[2]	0
Funds loaned to Other Related Party		0
Balance as of March 31, 2016		(720,000)
Due To Advisor Other Funds [Member]
Related Party Transaction [Line Items]
Balance as of January 1, 2016		(240,280)
Management fees due to Advisor	[1]	0
Funds loaned by Advisor	[2]	(152,893)
Funds loaned to Other Related Party		0
Balance as of March 31, 2016		(393,173)
Due to from Other Related party [Member]
Related Party Transaction [Line Items]
Balance as of January 1, 2016		(155,000)
Management fees due to Advisor	[1]	0
Funds loaned by Advisor	[2]	0
Funds loaned to Other Related Party		21,500
Balance as of March 31, 2016		$ (133,500)
[1]	This amount represents a cash flow operating activity.
[2]	Funds loaned to the Company were primarily used by the Company for general corporate purposes.

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 02, 2016	Nov. 10, 2014	Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Management Fee Expense			$ 90,000	$ 90,000
Inter-American Management, LLC [Member]
Related Party Transaction [Line Items]
Property Management Fee, Percent Fee		2.00%
Management Fee Payable		$ 30,000
Management Fee Expense			90,000	90,000
Payment of Acquisition Fee			754,000
Convertible Debt [Member]
Related Party Transaction [Line Items]
Interest and Debt Expense, Total			$ 699,779	$ 107,429
Interest Bearing Notes Payable [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			4.00%
Proceeds from Short-term Debt, Total			$ 450,000
Interest Expense, Subordinated Notes and Debentures			$ 1,634
ZH USA, LLC [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Debt Instrument Convertible, Base for Conversion			$ 12.748
Debt Conversion, Original Debt, Amount	$ 15,000,000
Debt Conversion, Converted Instrument, Shares Issued	1,176,656

Schedule of Future Lease Paymen

Schedule of Future Lease Payments Receivables (Details)	Mar. 31, 2016USD ($)
2,016	$ 5,034,388
2,017	6,711,661
2,018	6,814,579
2,019	6,967,091
2,020	7,103,838
Thereafter	62,948,013
Total	$ 95,579,570

Rental Revenue (Details)

Rental Revenue (Details) - Sales Revenue, Net [Member]	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Plano Facility [Member]
Concentration Risk, Percentage	18.00%
Omaha facility [Member]
Concentration Risk, Percentage	34.00%	88.00%
Tennessee facilities [Member]
Concentration Risk, Percentage	27.00%
Pittsburgh facility [Member]
Concentration Risk, Percentage	17.00%
All Other Facilities [Member]
Concentration Risk, Percentage	4.00%
Asheville facility [Member]
Concentration Risk, Percentage		12.00%

Schedule Of Future Minimum Rent

Schedule Of Future Minimum Rental Payments (Details)	Mar. 31, 2016USD ($)
2,016	$ 44,908
2,017	59,877
2,018	63,619
2,019	67,362
2,020	67,362
Thereafter	973,586
Total	$ 1,276,714

Omaha Land Lease Rent Expense41

Omaha Land Lease Rent Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Lease Expiration Periods	2,033
Percentage of annual lease rent	12.50%
Lessee Leasing Arrangements, Operating Leases, Renewal Term	60 years
Operating Leases, Rent Expense, Net, Total	$ 18,154	$ 14,970

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - Asset Purchase Agreement [Member]	Apr. 19, 2016USD ($)ft²
Subsequent Event [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $	$ 9,200,600
Eye Center [Member]
Subsequent Event [Line Items]
Area of Real Estate Property	17,000
Surgery Center [Member]
Subsequent Event [Line Items]
Area of Real Estate Property	6,500