Tenant in Common Investment (Tables)

9 Months Ended

Sep. 30, 2021

Tenant In Common Investment [Abstract]

Condensed Income Statement of Tenant in Common Investment

The condensed income statement for the nine months ended September 30, 2021 for the Tenant in Common Investment is as follows:

	Total	Company Portion
Revenue	$ 48,757	$ 17,943
Total operating expenses	35,862	13,193
Operating income	$ 12,895	$ 4,750

Condensed Balance Sheet of Tenant in Common Investment

The condensed balance sheet as of September 30, 2021 for the Tenant in Common Investment is as follows:

	September 30,
	2021
Property, net of depreciation	$	4,358,785
Prepaid expenses		1,088
Deferred rent asset		527
Acquired lease intangible asset, net of amortization		292,006
Due from tenant-in-common		39,257
Total assets	$	4,691,663
Mortgage payable net of unamortized debt issuance costs	$	2,671,742
Prepaid rent		29,900
Accrued expenses		5,877
Accounts payable  - related party		4,726
Acquired lease intangible liability, net of amortization		44,860
Equity,  GIP Inc. Tenant-in-common		717,337
Equity,  Sunny Ridge Tenant-in-common		1,217,221
Total liabilities and equity	$	4,691,663