INVESTMENTS IN UNCONSOLIDATED ENTITIES (Details 2) - USD ($) |
3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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| Assets: | |||||||
| Cash and cash equivalents and restricted cash | $ 11,875,444 | $ 6,788,539 | $ 4,182,755 | $ 3,677,373 | |||
| RuMartin Street Santa Clara [Member] | |||||||
| Assets: | |||||||
| Real estate investments, net | 32,412,708 | 32,587,034 | |||||
| Cash and cash equivalents | 599,327 | 615,436 | |||||
| Other assets | 122,016 | 103,700 | |||||
| Total assets | 33,134,051 | 33,306,170 | |||||
| Liabilities: | |||||||
| Mortgage notes payable | 14,172,229 | 14,235,256 | |||||
| Below-market lease intangibles, net | 3,216,592 | 3,247,480 | |||||
| Other liabilities | 344,788 | 246,085 | |||||
| Total liabilities | 17,733,609 | 17,728,821 | |||||
| Total equity | 15,400,442 | 15,577,349 | |||||
| Total liabilities and equity | 33,134,051 | 33,306,170 | |||||
| Total shareholders’ equity | 15,400,442 | 15,577,349 | |||||
| Total liabilities and shareholders’ equity | 33,134,051 | 33,306,170 | |||||
| Total revenue | [1] | 608,794 | |||||
| Expenses: | |||||||
| Interest expense | [1] | 145,025 | |||||
| Depreciation and amortization | [1] | 247,213 | |||||
| Other expense | [1] | 146,336 | |||||
| Total expenses | [1] | 538,574 | |||||
| Net income | [1] | 70,220 | |||||
| Other income: | |||||||
| Net income | [1] | 70,220 | |||||
| Rich Uncles Real Estate Investment Trust 1 [Member] | |||||||
| Assets: | |||||||
| Real estate investments, net | 129,945,167 | 131,166,670 | |||||
| Cash and cash equivalents and restricted cash | 6,248,951 | 6,027,807 | |||||
| Other assets | 2,784,434 | 2,658,777 | |||||
| Total assets | 138,978,552 | 139,853,254 | |||||
| Liabilities: | |||||||
| Mortgage notes payable | 62,054,451 | 62,277,387 | |||||
| Below-market lease intangibles, net | 3,750,967 | 3,966,008 | |||||
| Other liabilities | 3,992,026 | 2,937,247 | |||||
| Total liabilities | 69,797,444 | 69,180,642 | |||||
| Total equity | 68,594,213 | 70,086,370 | |||||
| Total liabilities and equity | 138,978,552 | 139,853,254 | |||||
| Redeemable common stock | 586,895 | 586,242 | |||||
| Total shareholders’ equity | 68,594,213 | 70,086,370 | |||||
| Total liabilities and shareholders’ equity | 138,978,552 | $ 139,853,254 | |||||
| Total revenue | 3,231,218 | 2,726,267 | |||||
| Expenses: | |||||||
| Interest expense | 484,873 | 461,200 | |||||
| Depreciation and amortization | 1,448,244 | 1,218,074 | |||||
| Other expense | 1,180,037 | 652,825 | |||||
| Total expenses | 3,113,154 | 2,332,099 | |||||
| Net income | 118,064 | 394,448 | |||||
| Other income: | |||||||
| Other income | 0 | 280 | |||||
| Net income | $ 118,064 | $ 394,448 | |||||
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