REAL ESTATE ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of purchase price allocation

The Company allocated the purchase price of this property to the fair value of the assets acquired. The following table summarizes the purchase price allocation for the 2017 Acquisition:

	December 31, 2017
Land	$	937,691
Buildings and improvements	14,287,443
Acquired in-place lease (1)	1,630,071
Total purchase price	$	16,855,205

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(1)    The weighted average amortization period for the acquired in-place lease was 16.2 years for the 2017 Acquisition.