Investment In DST (Tables)

9 Months Ended

Sep. 30, 2020

Investment In DST [Member]

Summarized Financial Information

		September 30, 2020		December 31, 2019
		(Unaudited)		(Unaudited)
ASSETS
Investments in real estate and fixed assets	$	11,512,000	$	11,512,000
Cash		1,000		28,000
Cash – restricted		31,000		24,000
Due from related parties		158,000		--
Prepaid expenses		12,000		10,000
Total assets	$	11,714,000	$	11,574,000

LIABILITIES AND EQUITY
Liabilities
Notes payable, net of unamortized loan issuance costs of approximately $47,000 and $46,000 as of September 30, 2020 and December 31, 2019, respectively	$	5,953,000	$	5,954,000
Accounts payable and accrued liabilities		303,000		93,000
Due to related party		--		57,000
Total liabilities		6,256,000		6,104,000
Equity
Member’s equity		6,129,000		6,129,000
Offering costs		(574,000)		(574,000)
Accumulated earnings		1,220,000		952,000
Distributions to members		(1,317,000)		(1,037,000)
Total equity		5,458,000		5,470,000
Total liabilities and equity	$	11,714,000	$	11,574,000

Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments

		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2020		2019		2020		2019
Revenue	$	182,000	$	183,000	$	547,000	$	556,000
Expenses		(99,000)		(91,000)		(279,000)		(269,000)
Net income	$	83,000	$	92,000	$	268,000	$	287,000