v3.8.0.1

REAL PROPERTY (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

As of September 30, 2017, the Company’s real estate portfolio consisted of sixteen properties in eight states consisting of eight retail, six office and two industrial properties. The following table provides summary information regarding the Company’s real estate as of September 30, 2017:

												Tenant				Accumulated				Total
								Land,				Origination				Depreciation				Investsment in
				Acquisition				Buildings and				and Absorption				and				Real Estate
Property		Location		Date		Property Type		Improvements				Costs				Amortization				Property, Net
Accredo		Orlando, FL		6/15/2016		Office		$	9,850,052			$	1,053,637			$	(637,856)			$	10,265,833
Walgreens		Stockbridge, GA		6/21/2016		Retail			4,147,948				705,423				(423,613)				4,429,758
Dollar General		Litchfield, ME		11/4/2016		Retail			1,281,812				116,302				(35,213)				1,362,901
Dollar General		Wilton, ME		11/4/2016		Retail			1,543,776				140,653				(45,065)				1,639,364
Dollar General		Thompsontown, PA		11/4/2016		Retail			1,199,860				106,730				(33,834)				1,272,756
Dollar General		Mt. Gilead, OH		11/4/2016		Retail			1,174,188				111,847				(32,439)				1,253,596
Dollar General		Lakeside, OH		11/4/2016		Retail			1,112,872				100,857				(33,292)				1,180,437
Dollar General		Castalia, OH		11/4/2016		Retail			1,102,086				86,408				(32,347)				1,156,147
Dana		Cedar Park, TX		12/27/2016		Industrial			8,392,906				1,210,874				(388,373)				9,215,407
Northrop Grumman		Melbourne, FL		3/7/2017		Office			12,382,991				1,341,199				(424,141)				13,300,049
exp US Services		Maitland, FL		3/27/2017		Office			5,920,121				388,248				(117,617)				6,190,752
Harley		Bedford, TX		4/13/2017		Retail			13,178,286				-				(140,939)				13,037,347
Wyndham		Summerlin, NV		6/22/2017		Office			9,447,270				669,232				(84,742)				10,031,760
Williams Sonoma		Summerlin, NV		6/22/2017		Office			7,517,050				550,486				(71,732)				7,995,804
Omnicare		Richmond, VA		7/20/2017		Industrial			7,042,928				281,442				(47,905)				7,276,465
EMCOR		Cincinnati, OH		8/29/2017		Office			5,960,612				463,489				(22,047)				6,402,054
								$	91,254,758			$	7,326,827			$	(2,571,155)			$	96,010,430

Schedule Of Real Estate Property Acquisitions [Table Text Block]

During the nine months ended September 30, 2017, the Company acquired the following properties, not including the Company’s investment in a tenant-in-common (“TIC”) ownership interest in the Fujifilm Santa Clara, CA property (“Fujifilm”) see Note 4:

												Tenant
												Origination
								Buildings and				and Absorption				Above-Market				Below-Market
Property		Acquisition Date		Land				Improvements				Costs				Lease				Lease				Total
Northrop Grumman		3/7/2017		$	1,191,024			$	11,191,967			$	1,341,199			$	-			$	-			$	13,724,190
exp US Services		3/27/2017			785,801				5,134,320				388,248				616,486				-				6,924,855
Harley		4/13/2017			1,145,196				12,033,090				-				-				-				13,178,286
Wyndham		6/22/2017			4,144,069				5,303,201				669,232				-				-				10,116,502
Williams Sonoma		6/22/2017			3,546,744				3,478,337				550,486				-				(364,555)				7,211,012
Omnicare		7/20/2017			800,772				6,242,156				281,442				-				-				7,324,370
EMCOR		8/29/2017			427,591				5,533,021				463,489				-				(285,563)				6,138,538
				$	12,041,197			$	48,916,092			$	3,694,096			$	616,486			$	(650,118)			$	64,617,753

Schedule Of Real Estate Investment Property Purchase Price [Table Text Block]

Purchase price		$	64,617,753
Purchase deposits applied			(500,000)
Acquisition fees to affiliates			(1,872,056)
Cash paid for acquisition of real estate investments		$	62,245,697

Schedule Of Lease Expiration Date [Table Text Block]

The purchase price allocations reflected in the accompanying unaudited Condensed Consolidated Financial Statements is based upon estimates and assumptions that are subject to change that may impact the fair value of the assets and liabilities above (including real estate investments, other assets and accrued liabilities). The noncancellable lease terms of the properties acquired during the nine months ended September 30, 2017 are as follows:

Property		Lease Expiration
Northrop Grumman		5/31/2021
exp US Services		11/30/2026
Harley		4/12/2042
Wyndham		2/28/2025
Williams Sonoma		10/31/2022
Omnicare		5/31/2031
EMCOR		2/28/2037

Schedule Of Portfolios Asset Concentration [Table Text Block]

As of September 30, 2017, our portfolio’s tenant concentration (greater than 10% of annualized base rent) was as follows:

		Effective			Percentage of
		Annualized			Annualized
Property and Location		Base Rent*			Base Rent
Accredo, FL		$	899,010			11.95	%
Northrop Grumman, FL		$	1,162,274			15.45	%
Harley, TX		$	900,000			11.96	%
Wyndham, NV		$	798,827			10.62	%

*Effective Annualized Base Rent is calculated based on the monthly base rent at September 30, 2017 for twelve months.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

As of September 30, 2017, the future minimum contractual rent payments due under the Company’s operating leases are as follows:

October 1, 2017 through December 31, 2017		$	1,754,045
2018			7,748,156
2019			7,921,668
2020			7,952,063
2021			6,644,366
2022			5,658,981
Thereafter			24,676,720
		$	62,355,999

Schedule Of Portfolios Revenue Concentration [Table Text Block]

For the nine months ended September 30, 2017, our portfolio’s revenue concentration (greater than 10% total revenue) was as follows:

					Percentage of
Property and Location		Revenue			Total Revenue
Accredo, FL		$	820,420			16.72	%
Northrop Grumman, FL		$	793,245			16.17	%
Harley, TX		$	646,331			13.17	%
Dana, TX		$	686,399			13.99	%

Schedule of Rent Expense [Table Text Block]

As of September 30, 2017, our portfolio’s tenant concentration (greater than 10% of annualized base rent) was as follows:

		Effective			Percentage of
		Annualized			Annualized
Property and Location		Base Rent*			Base Rent
Accredo, FL		$	899,010			11.95	%
Northrop Grumman, FL		$	1,162,274			15.45	%
Harley, TX		$	900,000			11.96	%
Wyndham, NV		$	798,827			10.62	%

Schedule of Finite-Lived Intangible Assets [Table Text Block]

As of September 30, 2017, the Company’s intangibles were as follows:

		Tenant
		Origination
		and
		Absorption			Above-Market			Below-Market
		Costs			Leases			Leases
Cost		$	7,326,827		$	783,114		$	(801,727)
Accumulated amortization			(895,211)			(77,560)			38,055
Net amount		$	6,431,616		$	705,554		$	(763,672)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Amortization of intangible assets over the next five years is expected to be as follows:

		Tenant
		Origination
		and
		Absorption			Above-Market			Below-Market
		Costs			Leases			Leases
October 1, 2017 through December 31, 2017		$	290,635		$	24,261		$	(26,047)
2018			1,162,541			97,045			(104,190)
2019			1,162,541			97,045			(104,190)
2020			1,162,541			97,045			(104,190)
2021			746,281			78,994			(104,190)
2022			472,808			63,719			(84,499)
Thereafter			1,434,269			247,445			(236,366)
		$	6,431,616		$	705,554		$	(763,672)
Weighted-Average Remaining Amortization Period			7.41 years			8.21 years			10.70 years

X

- Definition

Tabular disclosure of lease expiration date.

+ References

No definition available.

+ Details

Name:	cik0001645873_ScheduleOfLeaseExpirationDateTableTextBlock
Namespace Prefix:	cik0001645873_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Table disclosure of portfolio asset concentration.

+ References

No definition available.

+ Details

Name:	cik0001645873_ScheduleOfPortfoliosAssetConcentrationTableTextBlock
Namespace Prefix:	cik0001645873_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Table disclosure of portfolio asset concentration.

+ References

No definition available.

+ Details

Name:	cik0001645873_ScheduleOfPortfoliosRevenueConcentrationTableTextBlock
Namespace Prefix:	cik0001645873_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of real estate investment property purchase price.

+ References

No definition available.

+ Details

Name:	cik0001645873_ScheduleOfRealEstateInvestmentPropertyPurchasePriceTableTextBlock
Namespace Prefix:	cik0001645873_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of current period real estate acquisitions.

+ References

No definition available.

+ Details

Name:	cik0001645873_ScheduleOfRealEstatePropertyAcquisitionsTableTextBlock
Namespace Prefix:	cik0001645873_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RealEstateAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717

+ Details

Name:	us-gaap_ScheduleOfRentExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration