Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Real estate investments:
Land	$ 107,564,295	$ 61,005,402
Buildings and improvements	337,335,727	251,246,290
Equipment	4,429,000	0
Tenant Origination and Absorption Costs	20,074,123	21,504,210
Total investments in real estate property	469,403,145	333,755,902
Accumulated depreciation and amortization	(44,025,915)	(37,611,133)
Total investments in real estate property, net	425,377,230	296,144,769
Unconsolidated investment in a real estate property	9,988,498	9,941,338
Total real estate investments, net	435,365,728	306,086,107
Real estate investments held for sale, net	0	31,510,762
Total real estate investments, net	435,365,728	337,596,869
Cash and cash equivalents	5,726,888	55,965,550
Restricted cash	0	2,441,970
Receivable from early termination of lease	0	1,836,767
Tenant receivables	8,433,895	5,996,919
Above-market lease intangibles, net	1,939,305	691,019
Prepaid expenses and other assets	6,387,245	5,856,255
Interest rate swap derivative	4,786,903	0
Assets related to real estate investments held for sale	0	788,296
Goodwill	0	17,320,857
Total assets	462,639,964	428,494,502
Liabilities and Equity
Mortgage notes payable, net	44,530,130	152,223,579
Mortgage notes payable related to real estate investments held for sale, net	0	21,699,912
Total mortgage notes payable, net	44,530,130	173,923,491
Credit facility revolver	6,775,000	8,022,000
Credit facility term loan, net	148,913,350	0
Accounts payable, accrued and other liabilities	9,658,378	11,844,881
Below-market lease intangibles, net	9,910,280	11,102,940
Interest rate swap derivatives	0	788,016
Liabilities related to real estate investments held for sale	0	383,282
Total liabilities	219,787,138	206,064,610
Commitments and contingencies (Note 11)
Additional paid-in-capital	277,079,074	273,441,831
Treasury stock, at cost, 233,145 shares and no shares held as of September 30, 2022 and December 31, 2021, respectively	(3,957,752)	0
Cumulative distributions and net losses	(115,634,474)	(101,624,430)
Accumulated other comprehensive income	3,618,477	0
Total Modiv Inc. equity	161,115,023	171,826,892
Noncontrolling interests in the Operating Partnership	81,737,803	50,603,000
Total equity	242,852,826	222,429,892
Total liabilities and equity	462,639,964	428,494,502
Series A cumulative redeemable perpetual preferred stock
Liabilities and Equity
7.375% Series A cumulative redeemable perpetual preferred stock, $0.001 par value, 2,000,000 shares authorized, issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	2,000	2,000
Class C common stock
Liabilities and Equity
Common stock, value outstanding	7,698	7,427
Class S common stock
Liabilities and Equity
Common stock, value outstanding	$ 0	$ 64