$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000164587320000168 Filed on August 14, 2020

Income Statement

Concept	2020 Q2	2019 Q2
Revenue	$9.277M	$5.896M
YoY Change	57.34%	34.5%
Cost Of Revenue	$1.850M
YoY Change
Gross Profit	$7.420M
YoY Change
Gross Profit Margin	79.98%
Selling, General & Admin	$2.370M
YoY Change
% of Gross Profit	31.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.480M
YoY Change
% of Gross Profit	60.38%
Operating Expenses	$6.830M	$7.246M
YoY Change	-5.74%	46.92%
Operating Profit	-$2.331M
YoY Change
Interest Expense	$2.559M	$2.077M
YoY Change	23.22%	72.59%
% of Operating Profit
Other Income/Expense, Net	$121.4K	$61.60K
YoY Change	97.09%	43.76%
Pretax Income	-$2.210M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings	-$2.210M	-$1.140M
YoY Change	93.85%	439.96%
Net Earnings / Revenue	-23.82%	-19.33%
Basic Earnings Per Share	-$0.28
Diluted Earnings Per Share	-$0.28
COMMON SHARES
Basic Shares Outstanding	8.032M shares
Diluted Shares Outstanding	8.032M shares

Balance Sheet

Concept	2020 Q2	2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.800M
YoY Change
Cash & Equivalents	$3.820M	$10.64M
Short-Term Investments
Other Short-Term Assets	$2.400M
YoY Change
Inventory
Prepaid Expenses	$2.434M	$577.6K
Receivables	$6.800M
Other Receivables	$0.00
Total Short-Term Assets	$13.00M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$370.6M
YoY Change
Goodwill	$17.32M
YoY Change
Intangibles	$6.002M
YoY Change
Long-Term Investments	$10.20M	$13.99M
YoY Change	-27.08%	-1.25%
Other Assets	$18.90M
YoY Change
Total Long-Term Assets	$424.1M
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$13.00M
Total Long-Term Assets	$424.1M
Total Assets	$437.1M	$250.1M
YoY Change	74.75%	32.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.800M
YoY Change
Accrued Expenses	$10.30M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$12.00M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$25.60M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$196.8M
YoY Change
Other Long-Term Liabilities	$16.10M
YoY Change
Total Long-Term Liabilities	$212.9M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$25.60M
Total Long-Term Liabilities	$212.9M
Total Liabilities	$238.5M	$123.5M
YoY Change	93.04%	34.17%
SHAREHOLDERS EQUITY
Retained Earnings	-$89.66M	-$23.21M
YoY Change	286.23%	123.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$139.1M	$120.8M
YoY Change
Total Liabilities & Shareholders Equity	$437.1M	$250.1M
YoY Change	74.75%	32.05%

Cashflow Statement

Concept	2020 Q2	2019 Q2
OPERATING ACTIVITIES
Net Income	-$2.210M	-$1.140M
YoY Change	93.85%	439.96%
Depreciation, Depletion And Amortization	$4.480M
YoY Change
Cash From Operating Activities	$1.430M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures	$240.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change
Cash From Investing Activities	-$240.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.550M
YoY Change
NET CHANGE
Cash From Operating Activities	1.430M
Cash From Investing Activities	-240.0K
Cash From Financing Activities	-1.550M
Net Change In Cash	-360.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities	$1.430M
Capital Expenditures	$240.0K
Free Cash Flow	$1.190M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019Q4	cik0001645873	Accrued Merger Expenses AccruedMergerExpenses	1570622	USD
CY2020Q2	cik0001645873	Accrued Merger Expenses AccruedMergerExpenses	486354	USD
	cik0001645873	Amortizationof Above Market Lease AmortizationofAboveMarketLease	48523	USD
	cik0001645873	Amortizationof Above Market Lease AmortizationofAboveMarketLease	98966	USD
	cik0001645873	Assets Relatedto Property Sales AssetsRelatedtoPropertySales	0	USD
	cik0001645873	Assets Relatedto Property Sales AssetsRelatedtoPropertySales	725990	USD
CY2020Q2	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2019Q4	cik0001645873	Belowmarket Lease Intangibles Net BelowmarketLeaseIntangiblesNet	14591359	USD
CY2020Q2	cik0001645873	Belowmarket Lease Intangibles Net BelowmarketLeaseIntangiblesNet	13658195	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2886131	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3382882	USD
	cik0001645873	Increase Decreasein Operating Lease Rightof Use Assetand Liabilities Net IncreaseDecreaseinOperatingLeaseRightofUseAssetandLiabilitiesNet	0	USD
	cik0001645873	Increase Decreasein Operating Lease Rightof Use Assetand Liabilities Net IncreaseDecreaseinOperatingLeaseRightofUseAssetandLiabilitiesNet	13399	USD
CY2019Q4	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	194039207	USD
CY2020Q2	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	186677129	USD
CY2020Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Maximum DebtInstrumentCovenantLeverageRatioMaximum	0.50
CY2020Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Maximum DebtInstrumentCovenantLeverageRatioMaximum	0.55
CY2020Q2	cik0001645873	Decreasein Fairvalueof Real Estate Investment Property Percentage DecreaseinFairvalueofRealEstateInvestmentPropertyPercentage	0.14
CY2019Q4	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	505157	USD
CY2020Q2	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	5157	USD
CY2019Q4	cik0001645873	Disposal Group Including Discontinued Operation Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet	0	USD
CY2020Q2	cik0001645873	Disposal Group Including Discontinued Operation Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet	17926407	USD
CY2019Q4	cik0001645873	Disposal Group Including Discontinued Operation Secured Debt DisposalGroupIncludingDiscontinuedOperationSecuredDebt	0	USD
CY2020Q2	cik0001645873	Disposal Group Including Discontinued Operation Secured Debt DisposalGroupIncludingDiscontinuedOperationSecuredDebt	9549467	USD
CY2019Q2	cik0001645873	Guarantor Obligations Expense GuarantorObligationsExpense	0	USD
	cik0001645873	Guarantor Obligations Expense GuarantorObligationsExpense	0	USD
CY2020Q2	cik0001645873	Guarantor Obligations Expense GuarantorObligationsExpense	-4253	USD
	cik0001645873	Guarantor Obligations Expense GuarantorObligationsExpense	3125037	USD
CY2020Q1	cik0001645873	Impairmentof Real Estate Percentage ImpairmentofRealEstatePercentage	0.022
CY2020Q2	cik0001645873	Impairmentof Real Estate Percentage ImpairmentofRealEstatePercentage	0.001
	cik0001645873	Increase In Share Redemptions Payable IncreaseInShareRedemptionsPayable	238153	USD
	cik0001645873	Increase In Share Redemptions Payable IncreaseInShareRedemptionsPayable	750684	USD
CY2020Q2	cik0001645873	Land Building And Improvements LandBuildingAndImprovements	371036604	USD
CY2020Q2	cik0001645873	Lease Concession Receivable Cares Act LeaseConcessionReceivableCARESAct	89460	USD
	cik0001645873	Leasing Commission Fee Renewal Rate LeasingCommissionFeeRenewalRate	0.03
	cik0001645873	Leasing Commissions And Fees Percentage LeasingCommissionsAndFeesPercentage	0.06
CY2019Q4	cik0001645873	Liabilities Accrued Interest Payable Receivable LiabilitiesAccruedInterestPayableReceivable	22282	USD
CY2020Q2	cik0001645873	Liabilities Accrued Interest Payable Receivable LiabilitiesAccruedInterestPayableReceivable	71882	USD
	cik0001645873	Loans To Assets Ratio LoansToAssetsRatio	0.6
	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	896291	USD
	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	295585	USD
CY2019Q2	cik0001645873	Number Of Real Estate Properties Company Provided Property Management Services For NumberOfRealEstatePropertiesCompanyProvidedPropertyManagementServicesFor	10	property
	cik0001645873	Number Of Real Estate Properties Company Provided Property Management Services For NumberOfRealEstatePropertiesCompanyProvidedPropertyManagementServicesFor	10	property
CY2020Q2	cik0001645873	Numberof Impaired Real Estate Properties NumberofImpairedRealEstateProperties	1	property
	cik0001645873	Numberof Impaired Real Estate Properties NumberofImpairedRealEstateProperties	4	property
CY2020Q2	cik0001645873	Numberof Impaired Real Estate Properties Vacant NumberofImpairedRealEstatePropertiesVacant	2	property
CY2020Q2	cik0001645873	Numberof Real Estate Properties Heldfor Sale NumberofRealEstatePropertiesHeldforSale	4	property
CY2019Q2	cik0001645873	Operating Expensesnet OperatingExpensesnet	7097882	USD
	cik0001645873	Operating Expensesnet OperatingExpensesnet	13975904	USD
CY2020Q2	cik0001645873	Operating Expensesnet OperatingExpensesnet	11608338	USD
	cik0001645873	Operating Expensesnet OperatingExpensesnet	71511003	USD
	cik0001645873	Payments For Selling Commissions Related To Stock Issuance PaymentsForSellingCommissionsRelatedToStockIssuance	-51044	USD
	cik0001645873	Payments For Selling Commissions Related To Stock Issuance PaymentsForSellingCommissionsRelatedToStockIssuance	0	USD
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	0	USD
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	2170913	USD
	cik0001645873	Paymentsto Acquire Lease Incentives PaymentstoAcquireLeaseIncentives	0	USD
	cik0001645873	Paymentsto Acquire Lease Incentives PaymentstoAcquireLeaseIncentives	990000	USD
CY2019	cik0001645873	Percentage Of Share In Property Owned PercentageOfShareInPropertyOwned	0.727
	cik0001645873	Percentage Of Share In Property Owned PercentageOfShareInPropertyOwned	0.727
	cik0001645873	Property Management Fees Percentage PropertyManagementFeesPercentage	0.015
CY2019Q4	cik0001645873	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	413924282	USD
CY2020Q2	cik0001645873	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	396563708	USD
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	3664523	USD
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	4664713	USD
CY2019	cik0001645873	Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets RelatedPartyTransactionExpenseReimbursementPercentageToAverageInvestedAssets	0.02
CY2019	cik0001645873	Related Party Transaction Expense Reimbursement Percentage To Net Income RelatedPartyTransactionExpenseReimbursementPercentageToNetIncome	0.25
CY2019Q2	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	1098603	USD
	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	2186463	USD
CY2020Q2	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	1538586	USD
	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	3899505	USD
CY2019Q4	cik0001645873	Secured Debt Including Disposal Group SecuredDebtIncludingDisposalGroup	194039207	USD
CY2020Q2	cik0001645873	Secured Debt Including Disposal Group SecuredDebtIncludingDisposalGroup	196226596	USD
CY2019Q4	cik0001645873	Share Repurchases Payable ShareRepurchasesPayable	0	USD
CY2020Q2	cik0001645873	Share Repurchases Payable ShareRepurchasesPayable	750684	USD
CY2020Q1	cik0001645873	Stock Repurchase Program Requested Repurchase Amount StockRepurchaseProgramRequestedRepurchaseAmount	8647085	USD
CY2020Q2	cik0001645873	Stock Repurchase Program Requested Repurchase Amount StockRepurchaseProgramRequestedRepurchaseAmount	10514377	USD
CY2020Q2	cik0001645873	Stock Repurchase Program Requested Repurchase Amount StockRepurchaseProgramRequestedRepurchaseAmount	7427489	USD
CY2020Q2	cik0001645873	Stock Repurchase Program Requested Repurchase Amount StockRepurchaseProgramRequestedRepurchaseAmount	11218557	USD
CY2019Q4	cik0001645873	Straight Line Rents StraightLineRents	3541238	USD
CY2020Q2	cik0001645873	Straight Line Rents StraightLineRents	4160873	USD
CY2019Q4	cik0001645873	Tenant Recoveries TenantRecoveries	1854883	USD
CY2020Q2	cik0001645873	Tenant Recoveries TenantRecoveries	1746212	USD
CY2019Q4	cik0001645873	Tenant Recoveries Other TenantRecoveriesOther	407684	USD
CY2020Q2	cik0001645873	Tenant Recoveries Other TenantRecoveriesOther	636909	USD
CY2019	cik0001645873	Tenant Reimbursement TenantReimbursement	98329	USD
	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2019Q4	cik0001645873	Tenant Rent TenantRent	420959	USD
CY2020Q2	cik0001645873	Tenant Rent TenantRent	301040	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
	dei	Document Period End Date DocumentPeriodEndDate	2020-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	true
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Registrant Name EntityRegistrantName	RW HOLDINGS NNN REIT, INC.
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
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	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	822921	USD
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	us-gaap	Affiliate Costs AffiliateCosts	1624037	USD
CY2020Q2	us-gaap	Affiliate Costs AffiliateCosts	0	USD
	us-gaap	Affiliate Costs AffiliateCosts	0	USD
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	237196	USD
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	774589	USD
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	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	298283	USD
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CY2019Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	1021724	USD
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CY2020Q2	us-gaap	Dividends Dividends	691443	USD
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	us-gaap	Dividends Dividends	4993962	USD
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	us-gaap	Dividends Dividends	7459393	USD
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CY2020Q2	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	0	USD
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.14
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.09
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-2.13
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	418730	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	334189	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	0	USD
CY2020Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	925989	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	7700000	USD
CY2020Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6001792	USD
	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P9Y3M22D
CY2019Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	853940	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1393445	USD
CY2020Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2369358	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4924363	USD
CY2019Q4	us-gaap	Goodwill Goodwill	50588000	USD
CY2020Q2	us-gaap	Goodwill Goodwill	17320857	USD
CY2019Q2	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	0	USD
	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	0	USD
CY2020Q2	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	0	USD
	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	34572403	USD
CY2020Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	33267143	USD
CY2020Q2	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2019Q4	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	0	USD
CY2020Q2	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	3125037	USD
CY2020Q1	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	1305260	USD
CY2020Q2	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	USD
CY2019Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2020Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	349457	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9506525	USD
CY2019Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	55955	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	129988	USD
CY2020Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	125658	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	146411	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	319774	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1515624	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-196660	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	16688	USD
	us-gaap	Increase Decrease In Due To Affiliates Current IncreaseDecreaseInDueToAffiliatesCurrent	-936590	USD
	us-gaap	Increase Decrease In Due To Affiliates Current IncreaseDecreaseInDueToAffiliatesCurrent	-631702	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	311094	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	606696	USD
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	7700000	USD
CY2020Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6001792	USD
CY2019Q2	us-gaap	Interest Expense InterestExpense	2076725	USD
	us-gaap	Interest Expense InterestExpense	4237075	USD
CY2020Q2	us-gaap	Interest Expense InterestExpense	2558877	USD
	us-gaap	Interest Expense InterestExpense	6463533	USD
CY2019Q2	us-gaap	Interest Expense Other InterestExpenseOther	0	USD
	us-gaap	Interest Expense Other InterestExpenseOther	0	USD
CY2020Q2	us-gaap	Interest Expense Other InterestExpenseOther	-18530	USD
	us-gaap	Interest Expense Other InterestExpenseOther	29543	USD
	us-gaap	Interest Paid Net InterestPaidNet	2979031	USD
	us-gaap	Interest Paid Net InterestPaidNet	3367143	USD
CY2019Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1690168	USD
CY2020Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	736582	USD
CY2019Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	309904890	USD
CY2020Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	294123745	USD
CY2019Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	5645	USD
CY2019Q4	us-gaap	Land Land	86775988	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	11031	USD
CY2020Q2	us-gaap	Land Land	76912859	USD
CY2020Q2	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.0575
CY2020Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	605	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	4822	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	599953	USD
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	196938	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	322483	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	639928	USD
CY2019Q4	us-gaap	Liabilities Liabilities	236675009	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	620444	USD
CY2020Q2	us-gaap	Liabilities Liabilities	238471127	USD
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	490917263	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	243542	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	273431	USD
CY2020Q2	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P4Y
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	168556898	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	16029926	USD
CY2020Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	437058801	USD
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	0	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2426350	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	19832230	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	25932970	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	13567979	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	49126171	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	20401395	USD
CY2020Q2	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	23666227	USD
CY2019Q4	us-gaap	Line Of Credit LineOfCredit	7740000	USD
CY2020Q2	us-gaap	Line Of Credit LineOfCredit	12000000	USD
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	199164329	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	76856803	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	24640690	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1626959	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	30320929	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	25311036	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	21004076	USD
CY2020Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	20891457	USD
CY2019Q4	us-gaap	Minority Interest MinorityInterest	50603000	USD
CY2020Q2	us-gaap	Minority Interest MinorityInterest	50603000	USD
	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	0	USD
	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	9549467	USD
CY2019Q4	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	10.16
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	7.00
CY2020Q1	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	10.27
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	7.00
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	7.00
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2636940	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2546990	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3487699	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3693954	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-1140016	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2053174	USD
	us-gaap	Net Income Loss NetIncomeLoss	-51033196	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-2209910	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9987775	USD
	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	3387699	USD
CY2019Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	55000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	105000	USD
CY2019Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	61600	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	141019	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	121408	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	146378	USD
CY2020Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	45	property
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2386877	USD
CY2020Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	2152919	USD
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2386877	USD
CY2020Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2139520	USD
CY2019Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
CY2020Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4855	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4855	USD
CY2019Q2	us-gaap	Other Operating Income OtherOperatingIncome	148233	USD
	us-gaap	Other Operating Income OtherOperatingIncome	236232	USD
CY2020Q2	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	100000	USD
	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4443653	USD
	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1182318	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3090265	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	172797	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	56997	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	899863	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	822921	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	533041	USD
CY2019Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2020Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2019Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2020Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2019Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2020Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2019Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2020Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2020Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2019Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1867777	USD
CY2020Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2433871	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	26340968	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	9427526	USD
	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	6350000	USD
	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	4000000	USD
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	4869000	USD
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	4260000	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	63500	USD
CY2020Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	27050943	USD
CY2019Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	423947488	USD
CY2020Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	395487434	USD
CY2019Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	403535694	USD
CY2020Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	368436491	USD
CY2019Q4	us-gaap	Real Estate Investments RealEstateInvestments	413924282	USD
CY2020Q2	us-gaap	Real Estate Investments RealEstateInvestments	378637301	USD
CY2019Q4	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	10388588	USD
CY2020Q2	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	10200810	USD
	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	-238153	USD
CY2020Q2	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	0	USD
	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	4393863	USD
CY2019Q4	us-gaap	Redeemable Noncontrolling Interest Equity Common Carrying Amount RedeemableNoncontrollingInterestEquityCommonCarryingAmount	14069692	USD
CY2020Q2	us-gaap	Redeemable Noncontrolling Interest Equity Common Carrying Amount RedeemableNoncontrollingInterestEquityCommonCarryingAmount	8925145	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	13869000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	4800000	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	0	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	527000	USD
CY2019Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	20411794	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	0	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	14240853	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	2003558	USD
CY2019Q4	us-gaap	Restricted Cash RestrictedCash	113362	USD
CY2020Q2	us-gaap	Restricted Cash RestrictedCash	258493	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	113362	USD
CY2020Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	258493	USD
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-31168948	USD
CY2020Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-89661537	USD
CY2019Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	5896266	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	11781711	USD
CY2020Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	9277020	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	20331429	USD
CY2019Q4	us-gaap	Secured Debt SecuredDebt	194039207	USD
CY2020Q2	us-gaap	Secured Debt SecuredDebt	186677129	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	176667	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	350900	USD
CY2019Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	4800000	USD
CY2020Q2	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	0	USD
CY2019Q4	us-gaap	Short Term Non Bank Loans And Notes Payable ShortTermNonBankLoansAndNotesPayable	0	USD
CY2020Q2	us-gaap	Short Term Non Bank Loans And Notes Payable ShortTermNonBankLoansAndNotesPayable	527000	USD
CY2019Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	13848287	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	30005491	USD
CY2020Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	70000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	129583	USD
CY2020Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	4851043	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	14092239	USD
CY2019Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	2217666	USD
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	4443653	USD
CY2020Q2	us-gaap	Tenant Improvements TenantImprovements	24450830	USD
CY2020Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	896628	USD
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	9987775	USD
CY2020Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	876744	USD
CY2019Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-553490	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-874016	USD
CY2020Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-7785	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1292752	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-874016	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-1292752	USD
CY2019Q4	us-gaap	Unsecured Debt UnsecuredDebt	7649861	USD
CY2020Q2	us-gaap	Unsecured Debt UnsecuredDebt	11960200	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0	shares
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	189569562	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	139059529	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	103092769	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	113287570	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	120812608	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	240172562	USD
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	191294801	USD
CY2020Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	189662529	USD
	us-gaap	Straight Line Rent StraightLineRent	683886	USD
	us-gaap	Straight Line Rent StraightLineRent	631054	USD
CY2019Q4	us-gaap	Tenant Improvements TenantImprovements	27266610	USD
CY2019Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	14846259	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	14218770	shares
CY2020Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24097402	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23976325	shares
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:174%;padding-top:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:13px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period cash flows from operations account grouping in the condensed consolidated statement of cash flows has been reclassified to conform with the current year presentation. The reclassifications had no impact on net loss.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:13px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. These estimates are based on historical experience and, in some cases, assumptions based on current and future market experience, including considerations related to the COVID-19 pandemic</font></div></div>

Files In Submission

Name	View Source	Status
0001645873-20-000168-index-headers.html	Edgar Link	pending
0001645873-20-000168-index.html	Edgar Link	pending
0001645873-20-000168.txt	Edgar Link	pending
0001645873-20-000168-xbrl.zip	Edgar Link	pending
cik0001645873-20200630.xml	Edgar Link	completed
cik0001645873-20200630.xsd	Edgar Link	pending
cik0001645873-20200630_cal.xml	Edgar Link	unprocessable
cik0001645873-20200630_def.xml	Edgar Link	unprocessable
cik0001645873-20200630_lab.xml	Edgar Link	unprocessable
cik0001645873-20200630_pre.xml	Edgar Link	unprocessable
exhibit101-thirdamendmentt.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nnnreit-20200630x10q.htm	Edgar Link	pending
nnnreit-20200630xex311.htm	Edgar Link	pending
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$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

2020 Q2 Form 10-Q Financial Statement

#000164587320000168 Filed on August 14, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2020 Q2 Form 10-Q Financial Statement

#000164587320000168 Filed on August 14, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv