RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2020

Legendary Capital REIT III, LLC

Related Party Transactions

Schedule of fees and reimbursements incurred and payable

	Incurred				Payable as of
	For the Three Months Ended March 31,				March 31,		December 31,
	2020		2019		2020		2019
Fees:
Acquisition fees	$	501,949	$	200,324	$	—	$	213,402
Financing fees		501,949		200,324		—		213,402
Asset management fees		197,165		25,784		74,464		81,389
Performance fees		—		—		—		68,534
	$	1,201,063	$	426,432	$	74,464	$	576,727
Reimbursements:
Offering costs	$	583,926	$	611,135	$	21,179	$	122,833
General and administrative		813,575		523,066		26,549		120,386
Sales and marketing		76,153		91,342		9,647		3,333
Acquisition costs		64,847		58,951		15,956		31,966
Other		282		—		7,477		—
	$	1,538,783	$	1,284,494	$	80,808	$	278,518

NHS

Related Party Transactions

Schedule of fees and reimbursements incurred and payable

	Incurred				Payable as of
	For the Three Months Ended March 31,				March 31,		December 31,
	2020		2019		2020		2019
Fees:
Management fees	$	116,089	$	24,207	$	36,182	$	30,024
Administrative fees		17,863		9,202		5,821		4,617
Accounting fees		20,820		5,040		7,968		4,303
	$	154,772	$	38,449	$	49,971	$	38,944
Reimbursements	$	80,576	$	16,790	$	9,715	$	8,572