Tenant in Common Investment (Tables)

12 Months Ended

Dec. 31, 2021

Tenant In Common Investment [Abstract]

Condensed Income Statement of Tenant in Common Investment

The condensed income statement for the year ended December 31, 2021 for the Tenant in Common Investment is as follows:

	Total		Company Portion
Revenue	$	141,906	$	52,278
Total operating expenses		107,988		39,783
Operating income	$	33,918	$	12,495

Condensed Balance Sheet of Tenant in Common Investment

The condensed balance sheet as of December 31, 2021 for the Tenant in Common Investment is as follows:

	December 31,
	2021
Prepaid expenses	$	522
Deferred rent asset		2,108
Property, net of depreciation		4,341,285
Acquired lease intangible asset, net of amortization		279,850
Due from tenant-in-common		47,350
Total assets	$	4,671,115
Accounts payable	$	845
Accounts payable - related party		13,696
Accrued expenses		4,751
Acquired lease intangible liability, net of amortization		42,993
Mortgage payable net of unamortized debt issuance costs		2,677,446
Equity, GIP Inc. Tenant-in-common		725,082
Equity, Sunny Ridge Tenant-in-common		1,206,302
Total liabilities and equity	$	4,671,115