INTANGIBLE LEASE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Future Amortization Amount
Sub-total Intangible Lease Assets—Net	$ 37,146,580	$ 34,725,822
Future Accretion to Income Property Revenue
Sub-total Intangible Lease Liabilities—Net	(30,703,143)	$ (30,518,051)
Net Future Amortization of Intangible Assets and Liabilities
Remainder of 2017	1,947,273
2018	2,586,740
2019	2,478,824
2020	1,744,073
2021	264,436
2022	(265,572)
Thereafter	(2,312,337)
Total	6,443,437
Value of In-Place Leases and Intangible Leasing Costs
Future Amortization Amount
Remainder of 2017	3,603,948
2018	4,805,264
2019	4,691,030
2020	3,911,362
2021	2,564,441
2022	2,105,594
Thereafter	13,109,846
Sub-total Intangible Lease Assets—Net	34,791,485
Value of Below Market, net of Above Market In-Place Leases
Future Accretion to Income Property Revenue
Remainder of 2017	(1,656,675)
2018	(2,218,524)
2019	(2,212,206)
2020	(2,167,289)
2021	(2,300,005)
2022	(2,371,166)
Thereafter	(15,422,183)
Sub-total Intangible Lease Liabilities—Net	$ (28,348,048)