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INTANGIBLE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Future Amortization Amount    
Total Intangible Lease Assets—Net $ 43,555,445 $ 38,758,059
Future Accretion to Income Property Revenue    
Total Intangible Lease Liabilities—Net (27,390,350) $ (29,770,441)
Net Future Amortization of Intangible Assets and Liabilities    
2019 2,806,597  
2020 2,448,439  
2021 1,082,207  
2022 798,915  
2023 732,973  
Thereafter 8,295,964  
Total 16,165,095  
Value of In-Place Leases and Intangible Leasing Costs    
Future Amortization Amount    
2019 5,312,683  
2020 4,882,863  
2021 3,492,913  
2022 3,177,980  
2023 3,085,976  
Thereafter 20,241,440  
Total Intangible Lease Assets—Net 40,193,855  
Value of Below Market, net of Above Market In-Place Leases    
Future Accretion to Income Property Revenue    
2019 (2,506,086)  
2020 (2,434,424)  
2021 (2,410,706)  
2022 (2,379,065)  
2023 (2,353,003)  
Thereafter (11,945,476)  
Total Intangible Lease Liabilities—Net $ (24,028,760)