v3.8.0.1
INVESTMENTS IN UNCONSOLIDATED ENTITIES (Tables)
 9 Months Ended
Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Equity Method Investments [Table Text Block]
The Company’s investment in unconsolidated entities is as follows:
 
 
 
September 30, 2017
 
December 31, 2016
 
Rich Uncles Real Estate Investment Trust I ("REIT I")
 
$
3,487,639
 
$
3,523,809
 
RU Martin Street Santa Clara ("TIC") (1)
 
 
11,168,667
 
 
-
 
 
 
$
14,656,306
 
$
3,523,809
 
 
(1) The Company’s investment in unconsolidated entities includes $626,073 of acquisition fees to affiliates.
Equity Method Investments Summarized Financial Information [Table Text Block]
The following is summarized financial information for REIT I:
 
 
 
Three months ended
 
Nine months ended
 
 
 
September 30,
 
September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Total revenue
 
$
3,277,854
 
$
1,917,889
 
$
9,512,071
 
$
4,163,249
 
Net income (loss)
 
$
10,468
 
$
(120,874)
 
$
1,342,330
 
$
(2,521,867)
 
Equity Method Investments, Entitiy's equity in earnings [Table Text Block]
The Company’s equity in earnings in unconsolidated entities is as follows:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30
 
September 30
 
 
 
2017
 
2016
 
2017
 
2016
 
REIT I
 
$
688
 
$
(4,300)
 
$
168,043
 
$
(4,300)
 
TIC
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
$
688
 
$
(4,300)
 
$
168,043
 
$
(4,300)