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INTANGIBLE LEASE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Future Amortization Amount    
Total Intangible Lease Assets—Net $ 42,315,994 $ 43,555,445
Future Accretion to Income Property Revenue    
Total Intangible Lease Liabilities—Net (26,697,074) $ (27,390,350)
Net Future Amortization of Intangible Assets and Liabilities    
Remainder of 2019 2,241,728  
2020 2,638,225  
2021 1,185,008  
2022 798,915  
2023 732,973  
2024 714,066  
Thereafter 7,308,005  
Total 15,618,920  
Value of In-Place Leases and Intangible Leasing Costs    
Future Amortization Amount    
Remainder of 2019 3,977,373  
2020 4,882,863  
2021 3,492,913  
2022 3,177,980  
2023 3,085,976  
2024 3,054,016  
Thereafter 17,369,649  
Total Intangible Lease Assets—Net 39,040,770  
Value of Below Market, net of Above Market In-Place Leases    
Future Accretion to Income Property Revenue    
Remainder of 2019 (1,735,645)  
2020 (2,244,638)  
2021 (2,307,905)  
2022 (2,379,065)  
2023 (2,353,003)  
2024 (2,339,950)  
Thereafter (10,061,644)  
Total Intangible Lease Liabilities—Net $ (23,421,850)