Investment Properties and Property Held for Sale (Tables)

6 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

Components of Property Held for Sale

The components of property held for sale in the balance sheets as of June 30, 2018 and December 31, 2017 are outlined below:

	June 30,		December 31,
	2018		2017
Balance Sheet:
Land	$	-	$	266,175
Buildings, net		-		50,976
Properties held for sale	$	-	$	317,151

Components of Discontinued Operations Included in Statements of Income

The components of discontinued operations included in the condensed statement of income for the three and six month periods ended June 30, 2018 and 2017 are outlined below:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2018			2017			2018			2017
Revenues
Base Rent	$	-		$	-		$	-		$	-
Total Revenues	$	-		$	-		$	-		$	-
Expenses
Insurance	$	638		$	518		$	1,440		$	1,036
Property tax expense		1,324			1,500			2,885			3,000
Maintenance expense		1,668			2,050			2,961			3,503
Total Expenses	$	3,630		$	4,068		$	7,286		$	7,539
Net Loss from Discontinued Operations	$	(3,630	)	$	(4,068	)	$	(7,286	)	$	(7,539	)