INTANGIBLE LEASE ASSETS (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

The Company’s intangible lease assets consisted of the following as of June 30, 2020 and December 31, 2019:



	June 30, 2020		December 31, 2019
In-place leases and other intangibles, net of accumulated amortization of $1,638,128 and $1,406,599, respectively (with a weighted average life remaining of 8.3 years and 8.8 years, respectively)	$	3,463,304	$	3,694,833

Schedule of finite-lived intangible assets amortization expense

The following table summarizes the amortization expense related to the in-place lease assets for the three and six months ended June 30, 2020 and 2019:



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
In-place lease amortization	$	115,765	$	115,765	$	231,529	$	231,529

Schedule of finite-lived intangible assets, future amortization expense

As of June 30, 2020, the estimated amortization relating to the intangible lease assets is as follows:



	Amortization
	In-Place Lease
Remainder of 2020	$	231,529
2021	463,058
2022	463,058
2023	463,058
2024	463,058
Thereafter	1,379,543
Total	$	3,463,304