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INTANGIBLE LEASE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Future Amortization Amount    
Total $ 46,133,215 $ 43,555,445
Future Accretion to Income Property Revenue    
Total (26,783,537) $ (27,390,350)
Net Future Amortization of Intangible Assets and Liabilities    
Remainder of 2019 1,852,101  
2020 3,363,887  
2021 1,805,680  
2022 1,209,605  
2023 1,110,639  
2024 1,072,300  
Thereafter 8,935,466  
Total 19,349,678  
Value of In-Place Leases and Intangible Leasing Costs    
Future Amortization Amount    
Remainder of 2019 3,062,889  
2020 5,724,517  
2021 4,262,099  
2022 3,709,060  
2023 3,584,032  
2024 3,532,639  
Thereafter 19,071,883  
Total 42,947,119  
Value of Below Market, net of Above Market In-Place Leases    
Future Accretion to Income Property Revenue    
Remainder of 2019 (1,210,788)  
2020 (2,360,630)  
2021 (2,456,419)  
2022 (2,499,455)  
2023 (2,473,393)  
2024 (2,460,339)  
Thereafter (10,136,417)  
Total $ (23,597,441)