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INTANGIBLE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Future Amortization Amount    
Sub-total Intangible Lease Assets—Net $ 28,410,110 $ 22,357,633
Future Accretion to Income Property Revenue    
Sub-total Intangible Lease Liabilities —Net (2,901,065) $ (1,908,193)
Net Future Amortization of Intangible Assets and Liabilities    
Remainder of 2020 2,448,109  
2021 3,264,145  
2022 3,264,145  
2023 3,264,145  
2024 3,044,943  
2025 and thereafter 10,223,558  
Total $ 25,509,045  
Amount allocated of total acquisition cost    
Weighted average amortization period of intangible assets 9 years  
Weighted average amortization period of intangible liabilities 9 years  
Future Amortization    
Future Amortization Amount    
Remainder of 2020 $ 2,538,288  
2021 3,384,384  
2022 3,384,384  
2023 3,384,384  
2024 3,153,851  
2025 and thereafter 10,711,248  
Sub-total Intangible Lease Assets—Net 26,556,539  
Future Accretion to Income Property Revenue    
Future Accretion to Income Property Revenue    
Remainder of 2020 (90,179)  
2021 (120,239)  
2022 (120,239)  
2023 (120,239)  
2024 (108,908)  
2025 and thereafter (487,690)  
Sub-total Intangible Lease Liabilities —Net $ (1,047,494)