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INTANGIBLE LEASE ASSETS AND LIABILITIES - Components (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets $ 45,839,206 $ 40,894,592
Accumulated Amortization (8,692,626) (6,168,770)
Sub-total Intangible Lease Assets—Net 37,146,580 34,725,822
Intangible Lease Liabilities    
Value of Below Market In-Place Leases (34,882,965) (33,370,217)
Sub-total Intangible Lease Liabilities (34,882,965) (33,370,217)
Accumulated Amortization 4,179,822 2,852,166
Sub-total Intangible Lease Liabilities—Net (30,703,143) (30,518,051)
Total Intangible Assets and Liabilities—Net 6,443,437 4,207,771
Value of In-Place Leases    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets 34,382,237 30,978,776
Value of Above Market In-Place Leases    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets 2,976,322 2,905,624
Value of Intangible Leasing Costs    
Intangible Assets And Liabilities [Line Items]    
Sub-total Intangible Lease Assets $ 8,480,647 $ 7,010,192