RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2019

Legendary Capital REIT III, LLC

Related Party Transactions

Schedule of fees and reimbursements earned and payable

	For the Year Ended December 31,
	2019		2018
Fees:
Acquisition fees	$	818,521	$	103,476
Financing fees		818,521		103,476
Asset management fees		305,398		10,286
Performance fees		68,534		4,747
	$	2,010,974	$	221,985
Reimbursements:
Offering costs	$	2,174,471	$	939,873
General and administrative		2,699,813		484,310
Sales and marketing		386,694		127,041
Financing costs		—		45,114
Acquisition costs		989,346		41,467
Other		11,053		7,140
	$	6,261,377	$	1,644,945

NHS

Related Party Transactions

Schedule of fees and reimbursements earned and payable

	For the Year Ended December 31,
	2019		2018
Fees:
Management fees	$	342,101	$	4,950
Administrative fees		52,605		687
Accounting fees		49,028		2,324
	$	443,734	$	7,961
Reimbursements	$	227,398	$	10,588