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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Real estate investments:    
Land $ 86,775,988 $ 41,126,392
Building and improvements 309,904,890 176,367,798
Tenant origination and absorption costs 27,266,610 17,717,819
Total investments in real estate property 423,947,488 235,212,009
Accumulated depreciation and amortization (20,411,794) (10,563,664)
Total investments in real estate property, net 403,535,694 224,648,345
Investments in unconsolidated entities (Note 5) 10,388,588 14,275,815
Total investments in real estate property, net 413,924,282 238,924,160
Cash and cash equivalents 6,823,568 5,252,686
Restricted cash 113,362 3,503,242
Tenant receivables 6,224,764 3,659,114
Above-market lease intangibles, net 1,251,734 584,248
Due from affiliates 2,332 16,838
Purchase and other deposits 0 100,000
Prepaid expenses and other assets 1,867,777 234,399
Interest rate swap derivatives 34,567 151,215
Operating lease right-of-use asset 2,386,877  
Goodwill 50,588,000 0
Intangible assets 7,700,000 0
Total assets 490,917,263 252,425,902
Liabilities and Equity    
Mortgage notes payable, net 194,039,207 122,709,308
Unsecured credit facility, net 7,649,861 8,998,000
Short-term notes payable 4,800,000 0
Accounts payable, accrued and other liabilities 11,555,161 7,164,713
Share repurchases payable 0 584,676
Below-market lease intangibles, net 14,591,359 2,595,382
Due to affiliates 630,820 979,174
Interest rate swap derivatives 1,021,724 300,929
Operating lease liability 2,386,877  
Total liabilities 236,675,009 143,332,182
Commitments and contingencies
Redeemable common stock 14,069,692 6,000,951
Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in-capital 220,714,676 119,247,245
Cumulative distributions and net losses (31,168,948) (16,167,437)
Total RW Holdings NNN REIT, Inc. equity 189,569,562 103,092,769
Noncontrolling interest in the Operating Partnership 50,603,000 0
Total equity 240,172,562 103,092,769
Total liabilities and equity 490,917,263 252,425,902
Common Class C    
Liabilities and Equity    
Common stock, value, issued 23,647 12,943
Common Class S    
Liabilities and Equity    
Common stock, value, issued $ 187 $ 18