3.20.2 html 191 305 1 false 48 0 false 10 false false R1.htm 0001000 - Document - Cover Page Sheet http://www.cimgroup.com/role/CoverPage Cover Page Cover 1 false false R2.htm 1001000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.cimgroup.com/role/CondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1001501 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.cimgroup.com/role/CondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.cimgroup.com/role/CondensedConsolidatedStatementsOfOperations CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 1003000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY Sheet http://www.cimgroup.com/role/CondensedConsolidatedStatementsOfStockholdersEquity CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY Statements 5 false false R6.htm 1003001 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (Parenthetical) Sheet http://www.cimgroup.com/role/CondensedConsolidatedStatementsOfStockholdersEquityParenthetical CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (Parenthetical) Statements 6 false false R7.htm 1004000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.cimgroup.com/role/CondensedConsolidatedStatementsOfCashFlows CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 7 false false R8.htm 2101100 - Disclosure - ORGANIZATION AND BUSINESS Sheet http://www.cimgroup.com/role/OrganizationAndBusiness ORGANIZATION AND BUSINESS Notes 8 false false R9.htm 2102100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.cimgroup.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 9 false false R10.htm 2103100 - Disclosure - FAIR VALUE MEASUREMENTS Sheet http://www.cimgroup.com/role/FairValueMeasurements FAIR VALUE MEASUREMENTS Notes 10 false false R11.htm 2104100 - Disclosure - REAL ESTATE ASSETS Sheet http://www.cimgroup.com/role/RealEstateAssets REAL ESTATE ASSETS Notes 11 false false R12.htm 2105100 - Disclosure - INTANGIBLE LEASE ASSETS Sheet http://www.cimgroup.com/role/IntangibleLeaseAssets INTANGIBLE LEASE ASSETS Notes 12 false false R13.htm 2106100 - Disclosure - CREDIT FACILITY Sheet http://www.cimgroup.com/role/CreditFacility CREDIT FACILITY Notes 13 false false R14.htm 2107100 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.cimgroup.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 14 false false R15.htm 2108100 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangements RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS Notes 15 false false R16.htm 2109100 - Disclosure - ECONOMIC DEPENDENCY Sheet http://www.cimgroup.com/role/EconomicDependency ECONOMIC DEPENDENCY Notes 16 false false R17.htm 2110100 - Disclosure - STOCKHOLDERS??? EQUITY Sheet http://www.cimgroup.com/role/StockholdersEquity STOCKHOLDERS??? EQUITY Notes 17 false false R18.htm 2111100 - Disclosure - LEASES Sheet http://www.cimgroup.com/role/Leases LEASES Notes 18 false false R19.htm 2112100 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.cimgroup.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 19 false false R20.htm 2202201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.cimgroup.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 20 false false R21.htm 2302302 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.cimgroup.com/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.cimgroup.com/role/SummaryOfSignificantAccountingPolicies 21 false false R22.htm 2305301 - Disclosure - INTANGIBLE LEASE ASSETS (Tables) Sheet http://www.cimgroup.com/role/IntangibleLeaseAssetsTables INTANGIBLE LEASE ASSETS (Tables) Tables http://www.cimgroup.com/role/IntangibleLeaseAssets 22 false false R23.htm 2306301 - Disclosure - CREDIT FACILITY (Tables) Sheet http://www.cimgroup.com/role/CreditFacilityTables CREDIT FACILITY (Tables) Tables http://www.cimgroup.com/role/CreditFacility 23 false false R24.htm 2308301 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Tables) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Tables) Tables http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangements 24 false false R25.htm 2311301 - Disclosure - LEASES (Tables) Sheet http://www.cimgroup.com/role/LeasesTables LEASES (Tables) Tables http://www.cimgroup.com/role/Leases 25 false false R26.htm 2401401 - Disclosure - ORGANIZATION AND BUSINESS (Details) Sheet http://www.cimgroup.com/role/OrganizationAndBusinessDetails ORGANIZATION AND BUSINESS (Details) Details http://www.cimgroup.com/role/OrganizationAndBusiness 26 false false R27.htm 2402403 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://www.cimgroup.com/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://www.cimgroup.com/role/SummaryOfSignificantAccountingPoliciesTables 27 false false R28.htm 2403401 - Disclosure - FAIR VALUE MEASUREMENTS (Details) Sheet http://www.cimgroup.com/role/FairValueMeasurementsDetails FAIR VALUE MEASUREMENTS (Details) Details http://www.cimgroup.com/role/FairValueMeasurements 28 false false R29.htm 2404401 - Disclosure - REAL ESTATE ASSETS (Details) Sheet http://www.cimgroup.com/role/RealEstateAssetsDetails REAL ESTATE ASSETS (Details) Details http://www.cimgroup.com/role/RealEstateAssets 29 false false R30.htm 2405402 - Disclosure - INTANGIBLE LEASE ASSETS (Schedule of Intangible Lease Assets) (Details) Sheet http://www.cimgroup.com/role/IntangibleLeaseAssetsScheduleOfIntangibleLeaseAssetsDetails INTANGIBLE LEASE ASSETS (Schedule of Intangible Lease Assets) (Details) Details http://www.cimgroup.com/role/IntangibleLeaseAssetsTables 30 false false R31.htm 2405403 - Disclosure - INTANGIBLE LEASE ASSETS (Schedule of Finite-lived Intangible Assets Amortization expense) (Details) Sheet http://www.cimgroup.com/role/IntangibleLeaseAssetsScheduleOfFiniteLivedIntangibleAssetsAmortizationExpenseDetails INTANGIBLE LEASE ASSETS (Schedule of Finite-lived Intangible Assets Amortization expense) (Details) Details http://www.cimgroup.com/role/IntangibleLeaseAssetsTables 31 false false R32.htm 2405404 - Disclosure - INTANGIBLE LEASE ASSETS (Estimated Amortization of Intangible Lease Assets) (Details) Sheet http://www.cimgroup.com/role/IntangibleLeaseAssetsEstimatedAmortizationOfIntangibleLeaseAssetsDetails INTANGIBLE LEASE ASSETS (Estimated Amortization of Intangible Lease Assets) (Details) Details http://www.cimgroup.com/role/IntangibleLeaseAssetsTables 32 false false R33.htm 2406402 - Disclosure - CREDIT FACILITY (Credit Facility) (Details) Sheet http://www.cimgroup.com/role/CreditFacilityCreditFacilityDetails CREDIT FACILITY (Credit Facility) (Details) Details http://www.cimgroup.com/role/CreditFacilityTables 33 false false R34.htm 2406403 - Disclosure - CREDIT FACILITY (Schedule of Debt) (Details) Sheet http://www.cimgroup.com/role/CreditFacilityScheduleOfDebtDetails CREDIT FACILITY (Schedule of Debt) (Details) Details http://www.cimgroup.com/role/CreditFacilityTables 34 false false R35.htm 2406404 - Disclosure - CREDIT FACILITY (Schedule Of Aggregate Principal Repayments) (Details) Sheet http://www.cimgroup.com/role/CreditFacilityScheduleOfAggregatePrincipalRepaymentsDetails CREDIT FACILITY (Schedule Of Aggregate Principal Repayments) (Details) Details http://www.cimgroup.com/role/CreditFacilityTables 35 false false R36.htm 2408402 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Selling Commissions and Dealer Manager Fees) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsSellingCommissionsAndDealerManagerFeesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Selling Commissions and Dealer Manager Fees) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 36 false false R37.htm 2408403 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Organization and Offering Expenses) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsOrganizationAndOfferingExpensesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Organization and Offering Expenses) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 37 false false R38.htm 2408404 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Distribution and Stockholder Servicing Fees) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsDistributionAndStockholderServicingFeesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Distribution and Stockholder Servicing Fees) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 38 false false R39.htm 2408405 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Advisory Fees and Expenses) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsAdvisoryFeesAndExpensesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Advisory Fees and Expenses) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 39 false false R40.htm 2408406 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Operating Expenses) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsOperatingExpensesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Operating Expenses) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 40 false false R41.htm 2408407 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Financing Coordination Fees) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsFinancingCoordinationFeesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Financing Coordination Fees) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 41 false false R42.htm 2408408 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Dispositions Fees) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsDispositionsFeesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Dispositions Fees) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 42 false false R43.htm 2408409 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Subordinated Performance Fees) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsSubordinatedPerformanceFeesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Subordinated Performance Fees) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 43 false false R44.htm 2408410 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Schedule of Related Party Transaction) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsScheduleOfRelatedPartyTransactionDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Schedule of Related Party Transaction) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 44 false false R45.htm 2408411 - Disclosure - RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Due to/from Affiliates) (Details) Sheet http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsDueToFromAffiliatesDetails RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Due to/from Affiliates) (Details) Details http://www.cimgroup.com/role/RelatedPartyTransactionsAndArrangementsTables 45 false false R46.htm 2410401 - Disclosure - STOCKHOLDERS??? EQUITY (Equity-Based Compensation) (Details) Sheet http://www.cimgroup.com/role/StockholdersEquityEquityBasedCompensationDetails STOCKHOLDERS??? EQUITY (Equity-Based Compensation) (Details) Details http://www.cimgroup.com/role/StockholdersEquity 46 false false R47.htm 2411402 - Disclosure - LEASES (Future Operating Lease Income) (Details) Sheet http://www.cimgroup.com/role/LeasesFutureOperatingLeaseIncomeDetails LEASES (Future Operating Lease Income) (Details) Details http://www.cimgroup.com/role/LeasesTables 47 false false R48.htm 2411403 - Disclosure - LEASES (Rental and Other Property Income) (Details) Sheet http://www.cimgroup.com/role/LeasesRentalAndOtherPropertyIncomeDetails LEASES (Rental and Other Property Income) (Details) Details http://www.cimgroup.com/role/LeasesTables 48 false false R49.htm 2412401 - Disclosure - SUBSEQUENT EVENTS (Details) Sheet http://www.cimgroup.com/role/SubsequentEventsDetails SUBSEQUENT EVENTS (Details) Details http://www.cimgroup.com/role/SubsequentEvents 49 false false All Reports Book All Reports ccitiii-20200630.xml ccitiii-20200630.xsd ccitiii-20200630_cal.xml ccitiii-20200630_def.xml ccitiii-20200630_lab.xml ccitiii-20200630_pre.xml http://fasb.org/srt/2020-01-31 http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/us-gaap/2020-01-31 true true