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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 1,368,000 $ (115,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization (1,571,000) 0
Amortization of deferred loan costs 50,000 0
Loss on disposal of assets 11,000 0
Bad debt expense 78,000 0
Changes in operating assets and liabilities:    
Accrued rents and accounts receivable (352,000) 0
Receivable due from related party 327,000 0
Escrows and acquisition deposits 832,000 0
Unamortized lease commissions and deferred legal costs (190,000) 0
Prepaid expenses and other assets (120,000) 3,000
Accounts payable and accrued expenses (930,000) 31,000
Payable due to related party 520,000 0
Tenants' security deposits 78,000 0
Net cash provided by (used in) operating activities 3,243,000 (81,000)
Cash flows from investing activities:    
Additions to real estate (508,000) 0
Net cash used in investing activities (508,000) 0
Cash flows from financing activities:    
Distributions paid to noncontrolling interest in Consolidated Partnership (1,170,000) 0
Repayments of notes payable (624,000) 0
Net cash used in financing activities (1,794,000) 0
Net change in cash and cash equivalents 941,000 (81,000)
Cash and cash equivalents at beginning of period 1,243,000 174,000
Cash and cash equivalents at end of period 2,184,000 93,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,293,000 0
Non cash investing activities:    
Disposal of fully depreciated real estate 2,000 0
Additions to real estate contributed by related party $ 722,000 $ 0