Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Property	$ 56,219,000	$ 55,861,000
Accumulated depreciation	(6,706,000)	(5,522,000)
Total real estate assets	49,513,000	50,339,000
Cash and cash equivalents	5,548,000	4,624,000
Escrows and utility deposits	1,203,000	566,000
Accrued rents and accounts receivable, net of allowance for doubtful accounts	1,355,000	1,421,000
Receivable due from related party	845,000	184,000
Unamortized lease commissions and deferred legal cost, net	538,000	685,000
Prepaid expenses and other assets	102,000	62,000	[1]
Total assets	59,104,000	57,881,000
Liabilities:
Notes payable	15,250,000	15,434,000
Accounts payable and accrued expenses	2,105,000	2,344,000	[2]
Payable due to related party	1,300,000	346,000
Convertible notes payable - related parties	198,000	198,000
Accrued interest payable	162,000	148,000
Tenants' security deposits	821,000	881,000
Total liabilities	19,836,000	19,351,000
Commitments and contingencies	0	0
Shareholders' Equity:
Common Shares - $0.01 par value, 400,000,000 authorized: 576,523 shares issued and 538,393 outstanding at September 30, 2020 and 443,299 shares issued and 405,169 outstanding at December 31, 2019	5,000	4,000
Additional paid-in capital	28,419,000	28,203,000
Accumulated deficit	(23,559,000)	(23,252,000)
Treasury stock, at cost, 38,130 shares	(801,000)	(801,000)
Total Pillarstone Capital REIT shareholders' equity	4,069,000	4,159,000
Noncontrolling interest in subsidiary	35,199,000	34,371,000
Total equity	39,268,000	38,530,000
Total liabilities and equity	59,104,000	57,881,000
Operating lease right of use assets (net)	11,000	7
Operating lease liabilities	11,000	7,000
Preferred A Shares
Shareholders' Equity:
Preferred stock	3,000	3,000
Preferred C Shares
Shareholders' Equity:
Preferred stock	2,000	2,000
Variable Interest Entity
ASSETS
Property	56,215,000	55,857,000
Accumulated depreciation	(6,703,000)	(5,519,000)
Total real estate assets	49,512,000	50,338,000
Cash and cash equivalents	4,571,000	3,331,000
Escrows and utility deposits	1,203,000	566,000
Accrued rents and accounts receivable, net of allowance for doubtful accounts	1,217,000	1,360,000
Receivable due from related party	850,000	184,000
Unamortized lease commissions and deferred legal cost, net	538,000	685,000
Prepaid expenses and other assets	84,000	35,000
Total assets	57,975,000	56,499,000
Liabilities:
Notes payable	15,250,000	15,434,000
Accounts payable and accrued expenses	1,930,000	2,164,000
Payable due to related party	1,286,000	344,000
Accrued interest payable	66,000	67,000
Tenants' security deposits	821,000	881,000
Total liabilities	$ 19,353,000	$ 18,890,000

[1] Operating lease right of use assets (net)

[2] Operating lease liabilities