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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Investments in real estate    
Land and improvements $ 128,284,000 $ 136,607,000
Buildings and improvements 163,668,000 170,276,000
Construction in progress 1,151,000 714,000
Intangible Assets 2,107,000 2,288,000
[us-gaap:RealEstateInvestmentPropertyAtCost] 295,210,000 309,885,000
Accumulated depreciation (15,789,000) (12,049,000)
Total investments in real estate, net 279,421,000 297,836,000
Fixed Assets, net of accumulated depreciation of $69,000 and $42,000 as of September 30, 2020 and December 31, 2019, respectively 72,000 21,000
Assets held for sale, net of accumulated depreciation of $212,000 3,288,000
Cash 3,466,000 7,707,000
Cash - restricted 3,428,000 3,937,000
Prepaid expenses 1,746,000 1,679,000
Accounts receivable, net 2,832,000 929,000
Investment in DST 2,931,000 2,836,000
Right of use leased asset 1,309,000
Due from related parties 1,000
Other assets 190,000 111,000
Total assets 295,396,000 318,344,000
Liabilities    
Notes payable, net of unamortized loan issuance costs of approximately $1.3 million and $1.8 million as of September 30, 2020 and December 31, 2019, respectively 158,191,000 159,120,000
Accounts payable and accrued liabilities 10,551,000 10,883,000
Right of use lease liability 1,309,000
Deferred management internalization 17,800,000 17,800,000
Security Deposit 138,000 138,000
Due to related parties 54,000
Deferred revenue 122,000 104,000
Total liabilities 188,111,000 188,099,000
Commitments and contingencies
The Parking REIT, Inc. Stockholders' Equity    
Additional paid-in capital 191,759,000 194,137,000
Accumulated deficit (86,520,000) (66,511,000)
Total The Parking REIT, Inc. Shareholders' Equity 105,239,000 127,626,000
Non-controlling interest 2,046,000 2,619,000
Total equity 107,285,000 130,245,000
Total liabilities and equity 295,396,000 318,344,000
Preferred Stock Series A [Member]    
The Parking REIT, Inc. Stockholders' Equity    
Preferred stock
Preferred Stock Series 1 [Member]    
The Parking REIT, Inc. Stockholders' Equity    
Preferred stock
Non Voting Non Participating Convertible Stock [Member]    
The Parking REIT, Inc. Stockholders' Equity    
Common stock