CONDENSED CONSOLIDATED BALANCE SHEETS DETAILS (Tables)

3 Months Ended

Mar. 31, 2020

Supplemental Balance Sheet Disclsoure [Abstract]

Summary of Tenant receivables

Tenant receivables consisted of the following:

	March 31, 2020			December 31, 2019
Straight-line rent	$	3,912,086		$	3,541,238
Tenant rent	458,003			420,959
Tenant reimbursements	2,217,596			1,854,883
Tenant other	541,751			407,684
Total	7,129,436			6,224,764
Allowance for bad debt	(112,916		)	—
Net	$	7,016,520		$	6,224,764

Accounts Payable, Accrued and Other Liabilities

Accounts payable, accrued and other liabilities were comprised of the following:

	March 31, 2020		December 31, 2019
Accounts payable	$	1,048,125	$	660,111
Accrued expenses (a)	4,301,864		5,772,164
Accrued distributions	1,407,327		962,615
Accrued interest payable	1,004,495		1,690,168
Unearned rent	1,539,978		1,963,896
Reserve for loan guarantee (b)	3,129,290		—
Deferred commission payable	900		1,050
Lease incentive obligation	252,657		505,157
Total	$	12,684,636	$	11,555,161

(a) Includes accrued Merger expenses of $1,188,437 and $1,570,622 as of March 31, 2020 and December 31, 2019, respectively.

(b) Represents the estimated liability for a loan guarantee related to the secured mortgage for the Las Vegas, Nevada 24 Hour Fitness property, as a result of the evaluation of the impact of the COVID-19 pandemic on the tenant's business and the risk that the lender could foreclose on the property. See Note 4 for additional information.