v3.8.0.1
INVESTMENTS IN UNCONSOLIDATED ENTITIES (Details 2) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
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    
[1] The Company’s investment in the TIC commenced on September 28, 2017; therefore, no TIC operating results are presented for the three months ended March 31, 2017.