Schedule III-Real Estate Assets and Accumulated Depreciation and Amortization Schedule Schedule III-Real Estate Assets and Accumulated Depreciation and Amortization (Notes) (FY)

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III-Real Estate Assets and Accumulated Depreciation and Amortization

RW HOLDINGS NNN REIT, INC.

Schedule III

Real Estate Assets and Accumulated Depreciation and Amortization

December 31, 2018

						Initial Cost to Company								Gross Amount at Which Carried at Close of Period
Description	Location	Original Year of Construction	Date Acquired	Encumbrances		Land		Buildings & Improvements (1)		Total		Costs Capitalized Subsequent to Acquisition		Land		Buildings & Improvements (1)		Total		Accumulated Depreciation and Amortization			Net
Accredo	Orlando, FL	2006	6/15/2016	$	4,837,224	$	1,706,641	$	9,003,859	$	10,710,500	$	198,986	$	1,706,641	$	9,202,843	$	10,909,484	$	(1,265,678	)	$	9,643,806
Walgreens	Stockbridge, GA	2001	6/21/2016		2,159,245		1,033,105		3,820,266		4,853,371		—		1,033,105		3,820,266		4,853,371		(833,561	)		4,019,810
Dollar General	Litchfield, ME	2015	11/4/2016		645,791		293,912		1,104,202		1,398,114		—		293,912		1,104,202		1,398,114		(85,518	)		1,312,596
Dollar General	Wilton, ME	2015	11/4/2016		651,085		212,036		1,472,393		1,684,429		—		212,036		1,472,393		1,684,429		(109,445	)		1,574,984
Dollar General	Thompsontown, PA	2015	11/4/2016		651,085		217,912		1,088,678		1,306,590		—		217,912		1,088,678		1,306,590		(82,167	)		1,224,423
Dollar General	Mt. Gilead, OH	2015	11/4/2016		645,791		283,578		1,002,456		1,286,034		—		283,578		1,002,457		1,286,035		(78,780	)		1,207,255
Dollar General	Lakeside, OH	2015	11/4/2016		645,791		176,515		1,037,214		1,213,729		—		176,515		1,037,214		1,213,729		(80,853	)		1,132,876
Dollar General	Castalia, OH	2015	11/4/2016		645,791		154,676		1,033,817		1,188,493		—		154,676		1,033,818		1,188,494		(78,557	)		1,109,937
Dana	Cedar Park, TX	2013	12/27/2016		4,632,398		1,290,863		8,312,917		9,603,780		—		1,290,863		8,312,917		9,603,780		(1,001,594	)		8,602,186
Northrop Grumman	Melbourne, FL	1986	3/7/2017		5,809,367		1,191,024		12,533,166		13,724,190		—		1,191,024		12,533,166		13,724,190		(1,402,927	)		12,321,263
exp US Services	Maitland, FL	1985	3/27/2017		3,446,493		785,801		5,522,567		6,308,368		—		785,801		5,522,568		6,308,369		(389,042	)		5,919,327
Harley	Bedford, TX	2016	4/13/2017		6,868,255		1,145,196		12,033,092		13,178,288		—		1,145,196		12,033,092		13,178,288		(562,523	)		12,615,765
Wyndham	Summerlin, NV	2001	6/22/2017		5,820,600		4,144,069		5,972,433		10,116,502		959,213		4,144,069		6,931,646		11,075,715		(461,240	)		10,614,475
Williams-Sonoma	Summerlin, NV	1996	6/22/2017		4,615,800		3,546,744		4,028,821		7,575,565		1,054,532		3,546,744		5,083,354		8,630,098		(435,346	)		8,194,752
Omnicare	Richmond, VA	2004	7/20/2017		4,349,963		800,772		6,523,599		7,324,371		219,818		800,772		6,743,417		7,544,189		(343,275	)		7,200,914
EMCOR	Cincinnati, OH	2010	8/29/2017		2,911,577		427,589		5,996,509		6,424,098		—		427,589		5,996,509		6,424,098		(245,453	)		6,178,645
Husqvarna	Charlotte, NC	2010	11/30/2017		6,379,182		974,663		11,879,485		12,854,148		—		974,663		11,879,485		12,854,148		(399,615	)		12,454,533
AvAir	Chandler, AZ	2015	12/28/2017		14,575,000		3,493,673		23,864,226		27,357,899		—		3,493,673		23,864,227		27,357,900		(722,991	)		26,634,909
3M	DeKalb, IL	2007	2018-03-29		8,360,000		758,780		16,360,400		17,119,180		—		758,780		16,360,400		17,119,180		(985,899	)		16,133,281
Cummins	Nashville, TN	2001	2018-04-04		8,530,000		3,347,960		12,654,529		16,002,489		—		3,347,960		12,654,529		16,002,489		(562,814	)		15,439,675
Northrop Grumman Parcel	Melbourne, FL	—	2018-06-21		—		329,410		—		329,410		—		329,410		—		329,410		—			329,410
24 Hour Fitness	Las Vegas, NV	1995	2018-07-27		8,900,000		3,121,985		9,536,325		12,658,310		—		3,121,985		9,536,325		12,658,310		(204,887	)		12,453,423
Texas Health	Dallas, TX	1978	2018-09-13		4,842,500		1,827,914		5,862,010		7,689,924		—		1,827,914		5,862,010		7,689,924		(86,716	)		7,603,208
Bon Secours	Richmond, VA	2001	2018-10-31		5,250,000		1,658,659		9,184,248		10,842,907		—		1,658,659		9,184,248		10,842,907		(90,731	)		10,752,176
Costco	Issaquah, WA	1987	2018-12-20		18,850,000		8,202,915		21,825,853		30,028,768		—		8,202,915		21,825,853		30,028,768		(54,052	)		29,974,716
				$	125,022,937	$	41,126,391	$	191,653,068	$	232,779,459	$	2,432,550	$	41,126,391	$	194,085,618	$	235,212,009	$	(10,563,664	)	$	224,648,345

Notes:

• The aggregate cost of real estate for federal income tax purposes was approximately $232,900,000 (unaudited) as of December 31, 2018.

• Real estate investments (excluding land) are depreciated over their estimated useful lives. Their useful lives are generally 29-48 years for buildings, the shorter of 15 years or remaining lease term for site/building improvements, the shorter of 15 years or remaining contractual lease term for tenant improvements and the remaining lease term with consideration as to above- and below-market extension options for above- and below-market lease intangibles for tenant origination and absorption costs.

• The real estate assets are 100% owned by the Company.

The following table summarizes the Company’s real estate assets and accumulated depreciation and amortization as of December 31, 2018 and 2017:

RW Holdings NNN REIT, INC.

Schedule III

Real Estate Assets and Accumulated Depreciation and Amortization

December 31, 2018 and 2017

	2018			2017
Real estate investments:
Balance at beginning of year	$	138,810,355		$	33,245,041
Acquisitions		94,670,988		$	104,880,154
Improvements to real estate		1,730,666			685,160
Balance at end of year	$	235,212,009		$	138,810,355
Accumulated depreciation and amortization:
Balance at beginning of year	$	(3,574,739	)	$	(493,185	)
Depreciation and amortization		(6,988,925	)		(3,081,554	)
Balance at end of year	$	(10,563,664	)	$	(3,574,739	)