XML 64 R33.htm IDEA: XBRL DOCUMENT v3.20.1
MERGER AND SELF-MANAGEMENT TRANSACTION - REIT I Purchase Price Allocation (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Liabilities:    
Less: Cancellation of investment in REIT I (Note 5) $ (3,091,489) $ 0
Net Assets Acquired 81,708,971 $ 0
REIT I    
Assets:    
Real estate property, including above/below lease intangibles 151,099,097  
Cash and cash equivalents 1,612,331  
Tenant receivable 310,169  
Prepaid expenses and other assets 51,924  
Liabilities:    
Mortgage notes payable, net (62,985,425)  
Accounts payable and other liabilities (2,243,156)  
Net 87,844,940  
Less: Cancellation of investment in REIT I (Note 5) (3,091,489)  
Capitalized transaction-related costs (3,044,480)  
Net Assets Acquired $ 81,708,971