Presidio Property Trust (SQFT) 10-K 22 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 22, 2019	May 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	PRESIDIO PROPERTY TRUST, INC.
Entity Central Index Key	0001080657
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Trading Symbol	SQFT
Entity Public Float			$ 0
Entity Common Stock Shares Outstanding		17,709,883
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Real estate assets and lease intangibles:
Land	$ 36,615,681	$ 35,482,107
Buildings and improvements	179,819,048	174,685,538
Tenant improvements	22,557,994	20,523,191
Lease intangibles	9,026,435	9,096,794
Real estate assets and lease intangibles held for investment, cost	248,019,158	239,787,630
Accumulated depreciation and amortization	(41,626,688)	(34,514,829)
Real estate assets and lease intangibles held for investment, net	206,392,470	205,272,801
Real estate assets held for sale, net	4,715,595	29,261,143
Real estate assets, net	211,108,065	234,533,944
Cash, cash equivalents and restricted cash	9,776,215	8,310,575
Deferred leasing costs, net	2,096,553	1,892,066
Goodwill	2,423,000	2,423,000
Other assets, net	7,646,207	7,337,280
TOTAL ASSETS	233,050,040	254,496,865
Liabilities:
Mortgage notes payable related to real estate assets held for investment, net	148,193,181	141,330,911
Mortgage notes payable related to real estate assets held for sale, net	1,520,995	18,991,826
Mortgage notes payable, net	149,714,176	160,322,737
Accounts payable and accrued liabilities	5,751,245	7,142,720
Accrued real estate taxes	3,094,380	3,013,993
Dividends payable	1,075,371
Below-market leases, net	495,927	1,390,372
Total liabilities	176,908,997	202,454,697
Commitments and contingencies
Stockholders' 'Equity:
Additional paid-in capital	151,582,017	151,121,902
Dividends in excess of accumulated losses	(111,343,840)	(113,652,763)
Total stockholders' equity before noncontrolling interest	40,415,393	37,645,819
Noncontrolling interest	15,725,650	14,396,349
Total equity	56,141,043	52,042,168
TOTAL LIABILITIES AND EQUITY	233,050,040	254,496,865
Redeemable Convertible Preferred Stock Series B [Member]
Liabilities:
Mandatorily redeemable Series B Preferred Stock, net	16,777,898	30,584,875
Common Class A [Member]
Stockholders' 'Equity:
Common stock Series A	$ 177,216	$ 176,680

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017	Aug. 31, 2014
Redeemable Convertible Preferred Stock Series B [Member]
Preferred stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock liquidation preference value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock shares authorized (in shares)	35,000	35,000
Preferred stock shares issued (in shares)	16,900	30,700	400,000
Preferred stock shares outstanding (in shares)	16,900	30,700
Common Class A [Member]
Common stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock shares issued (in shares)	17,721,422	17,667,857
Common stock shares outstanding (in shares)	17,721,422	17,667,857

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Rental income	$ 31,141,558	$ 31,832,530
Fee and other income	1,202,455	1,541,612
Total revenues	32,344,013	33,374,142
Costs and expenses:
Rental operating costs	10,886,719	10,723,464
General and administrative	4,532,703	5,200,592
Depreciation and amortization	9,101,605	9,710,265
Total costs and expenses	24,521,027	25,634,321
Other income (expense):
Interest expense-Series B Preferred Stock	(4,770,945)	(5,084,468)
Interest expense-mortgage notes	(8,270,071)	(7,869,611)
Interest and other income	55,909	30,287
Gain on sales of real estate	12,200,138	2,623,469
Deferred offering costs	(1,507,599)
Impairment of real estate assets	(532,951)
Acquisition costs	(26,177)	(72,897)
Income tax expense	(518,567)	(208,681)
Total other expense, net	(3,370,263)	(10,581,901)
Net income (loss)	4,452,723	(2,842,080)
Less: Income attributable to noncontrolling interests	(1,068,429)	(642,336)
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders	$ 3,384,294	$ (3,484,416)
Basic income (loss) per common share
Income (loss) per common share	$ 0.19	$ (0.20)
Weighted average number of common shares outstanding - basic	17,681,358	17,590,778
Diluted income (loss) per common share
Income (loss) per common share	$ 0.19	$ (0.20)
Weighted average number of common shares outstanding - diluted	17,866,352	17,590,778

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($)	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Dividends In Excess of Accumulated Losses [Member]	Parent [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2016	$ 55,749,630	$ 175,028	$ 149,539,782	$ (106,623,957)	$ 43,090,853	$ 12,658,777
Beginning balance (in shares) at Dec. 31, 2016		17,502,673
Net income (loss)	(2,842,080)			(3,484,416)	(3,484,416)	642,336
Dividends declared, paid and reinvested, value	(2,448,956)	$ 1,144	1,094,290	(3,544,390)	(2,448,956)
Dividends declared, paid and reinvested, value		114,449
Common stock repurchased, value	(70,396)	$ (142)	(70,254)		(70,396)
Common stock repurchased (in shares)		(14,234)
Contributions received from noncontrolling interests, net of distributions paid	1,095,236					1,095,236
Vesting of restricted stock, value	558,734	$ 650	558,084		558,734
Vesting of restricted stock (in shares)		64,969
Ending balance at Dec. 31, 2017	52,042,168	$ 176,680	151,121,902	(113,652,763)	37,645,819	14,396,349
Ending balance (in shares) at Dec. 31, 2017		17,667,857
Net income (loss)	4,452,723			3,384,294	3,384,294	1,068,429
Dividends declared	$ (1,075,371)			(1,075,371)	(1,075,371)
Dividends declared, paid and reinvested, value	1,834,147
Contributions received from noncontrolling interests, net of distributions paid	$ 260,872					260,872
Vesting of restricted stock, value	460,651	$ 536	460,115		460,651
Vesting of restricted stock (in shares)		53,565
Ending balance at Dec. 31, 2018	$ 56,141,043	$ 177,216	$ 151,582,017	$ (111,343,840)	$ 40,415,393	$ 15,725,650
Ending balance (in shares) at Dec. 31, 2018		17,721,422

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 4,452,723	$ (2,842,080)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	9,101,605	9,710,265
Stock compensation	460,651	558,734
Bad debt expense	110,416	72,147
Gain on sale of real estate assets	(12,200,138)	(2,623,469)
Impairment of real estate assets	532,951
Amortization of financing costs	675,087	1,090,853
Amortization of above-market leases	68,878	100,846
Amortization of below-market leases	(894,445)	(307,714)
Straight-line rent adjustment	45,778	(624,562)
Changes in operating assets and liabilities:
Other assets	(818,384)	(1,320,978)
Accounts payable and accrued liabilities	(1,183,057)	1,076,653
Accrued real estate taxes	80,387	695,003
Net cash provided by operating activities	432,452	5,585,698
Cash flows from investing activities:
Real estate acquisitions	(17,326,915)	(17,560,745)
Buildings and tenant improvements	(3,359,283)	(3,621,724)
Additions to deferred leasing costs	(714,596)	(521,599)
Proceeds from sale of real estate assets	46,991,372	20,613,616
Net cash provided by (used in) investing activities	25,590,578	(1,090,452)
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	20,510,012	13,296,750
Repayment of mortgage notes payable	(31,374,774)	(12,119,676)
Redemption of mandatorily redeemable Series B Preferred Stock	(13,800,000)	(2,000,000)
Series B Preferred Stock costs	(153,500)	(153,500)
Contributions received from noncontrolling interests in excess of distributions paid	260,872	1,095,236
Repurchase of common stock		(70,396)
Dividends paid to stockholders		(3,620,880)
Net cash used in financing activities	(24,557,390)	(3,572,466)
Net increase in cash, cash equivalents and restricted cash	1,465,640	922,780
Cash, cash equivalents and restricted cash - beginning of year	8,310,575	7,387,795
Cash, cash equivalents and restricted cash - end of year	9,776,215	8,310,575
Supplemental disclosure of cash flow information:
Interest paid-Series B preferred stock	4,357,694	4,439,361
Interest paid-mortgage notes payable	7,806,068	7,391,172
Non-cash investing and financing activities:
Reinvestment of cash dividends		$ 1,095,434
Accrual of dividends payable	$ 1,075,371

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. ORGANIZATION AND BASIS OF PRESENTATION Organization. Presidio Property Trust, Inc. (“we”, “our”, “us” or the “Company”) is a self-managed real estate investment trust (“REIT”). We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation. In October 2017, we changed our name from “NetREIT, Inc.” to “Presidio Property Trust, Inc.” Through Presidio Property Trust, Inc., its subsidiaries and its partnerships, we own 18 commercial properties in fee interest and have partial interests in one property through our investments in limited partnerships for which we serve as the general partner. The following partnership activity occurred during the periods covered by these consolidated financial statements: • The Company is the sole General Partner in two consolidated limited partnerships (NetREIT Palm Self-Storage LP and NetREIT Casa Grande LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “NetREIT Partnerships”. • The Company is a limited partner in four partnerships and one limited liability corporation that purchase and leaseback model homes from developers (“Dubose Model Homes Investors #202, LP”, “Dubose Model Homes Investors #203, LP, “Dubose Model Homes Investors #204, LP, and “NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Entities”. The Company has determined that the entities described above, where it owns less than 100%, should be included in the Company’s consolidated financial statements as the Company directs their activities and holds a non-controlling interest in these limited partnerships through the Company. Unit-based information used herein (such as references to square footage or property occupancy rates) is unaudited. Liquidity. The Company’s 16,900 shares of Series B Preferred Stock are mandatorily redeemable by the Company on August 1, 2019 for $16.9 million in cash. It is management’s intent to obtain additional borrowing under secured or unsecured indebtedness, sell properties, or reduce the rate of distributions to the stockholders in order to obtain proceeds sufficient to settle this obligation. Under the terms of our Series B Preferred Stock financing, if there is an event of default, the investor may exercise various remedies, including a change of control via replacing a majority of the Board of Directors. If we fail to comply with the payment obligations, then we may trigger an event of default. The terms of our Series B Preferred Stock financing provide that, upon the occurrence of an event of default, the investor will have the right to take the unilateral action to, or cause the Company to, among other things: • Replace property managers and leasing agents; • Following 180 days after the mandatory redemption date of August 1, 2019 for the Series B Preferred Stock, sell any property of the Company, except as otherwise required under applicable law; • Implement all major decisions listed above and in the Investor Agreement, except as otherwise required under applicable law; • Refinance, repay or prepay any senior loans of the Company; • Cure any default under any senior loans of the Company; and • Elect six individuals to serve as members of the Board of Directors of the Company. The ability of our investor to replace a majority of our board of directors upon an event of default would give control of the Company to the investor. Such a change of control, or the exercise of other rights upon an event of default, could result in a material adverse effect on us, including our business, results of operations and financial condition. We have $9.9 million of mortgage notes payable maturing in 2019 related to the model home properties. We plan to refinance a significant portion of the mortgage notes payable or sell the model home properties to repay the mortgage notes payable. Segments. The Company acquires and operates income producing properties in three business segments including Office/Industrial Properties, Model Home Properties and Retail Properties. See Note 13 “Segments”. Customer Concentration. Concentration of credit risk with respect to tenant receivable is limited due to the large number of tenants comprising the Company’s rental revenue. We had one tenant account for 5.7% of total rental income for the year ended December 31, 2018 and no single tenant accounted for more than 5% of total rental income for the year ended December 31, 2017.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). Principles of Consolidation . The accompanying consolidated financial statements include the accounts of Presidio Property Trust and its subsidiaries, NetREIT Advisors, LLC and Dubose Advisors LLC (collectively, the “Advisors”), and NetREIT Dubose Model Home REIT, Inc. The consolidated financial statements also include the results of the NetREIT Partnerships, the Model Home Partnerships. As used herein, references to the “Company” include references to Presidio Property Trust, its subsidiaries, and the Partnerships. All significant intercompany balances and transactions have been eliminated in consolidation. The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2018 and 2017, and includes the accumulated amount of noncontrolling interests as part of equity since inception in February 2010. If a change in ownership of a consolidated subsidiary results in loss of control and deconsolidation, any retained ownership interest will be remeasured, with the gain or loss reported in the statement of operations. Management has evaluated the noncontrolling interests and determined that they do not contain any redemption features. Use of Estimates . The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include the allocation of purchase price paid for property acquisitions between land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates. Real Estate Assets and Lease Intangibles. Land, buildings and improvements are recorded at cost, including tenant improvements and lease acquisition costs (including leasing commissions, space planning fees, and legal fees). The Company capitalizes any expenditure that replaces, improves, or otherwise extends the economic life of an asset, while ordinary repairs and maintenance are expensed as incurred. The Company allocates the purchase price of acquired properties between the acquired tangible assets and liabilities (consisting of land, building, tenant improvements, and long-term debt) and identified intangible assets and liabilities (including the value of above-market and below-market leases, the value of in-place leases, unamortized lease origination costs and tenant relationships), based in each case on their respective fair values. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets assuming the building was vacant. Estimates of fair value for land, building and building improvements are based on many factors including, but not limited to, comparisons to other properties sold in the same geographic area and independent third party valuations. The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair values of the tangible and intangible assets and liabilities acquired. The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $826,000 and $207,000 for the years ended December 31, 2018 and 2017, respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten years. The amount allocated to acquired in-place leases is determined based on management’s assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. The amount allocated to unamortized lease origination costs is determined by what the Company would have paid to a third party to secure a new tenant reduced by the expired term of the respective lease. The amount allocated to tenant relationships is the benefit resulting from the likelihood of a tenant renewing its lease. Amortization expense related to these assets was approximately $569,000 and $929,000 for years ended December 31, 2018 and 2017, respectively. Impairment of Real Estate Assets. The Company reviews the carrying value of each property to determine if circumstances that indicate impairment in the carrying value of the investment exist or that depreciation periods should be modified. If circumstances support the possibility of impairment, the Company prepares a projection of the undiscounted future cash flows, without interest charges, of the specific property and determines if the investment in such property is recoverable. If impairment is indicated, the carrying value of the property is written down to its estimated fair value based on the Company’s best estimate of the property’s discounted future cash flows, as well as considering sales and leasing data for comparable properties. During the year ended December 31, 2018, the Company determined that an impairment existed in one of its properties (Waterman Plaza) and, as a result, recorded an asset impairment charge of $533,000. There were no impairment charges recorded during the year ended December 31, 2017. Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite-lived and indefinite-lived assets. Lease intangibles represents the allocation of a portion of the purchase price of a property acquisition representing the estimated value of in-place leases, unamortized lease origination costs, tenant relationships and land purchase options. Intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives. Indefinite-lived assets are not amortized. Amortization expense of intangible assets that are not deemed to have an indefinite useful life was approximately $415,000 and $590,000, respectively, for the years ended December 31, 2018 and 2017 and is included in depreciation and amortization in the accompanying consolidated statements of operation. The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, no impairment was deemed to exist at December 31, 2018 and 2017. Depreciation and Amortization. The Company records depreciation and amortization expense using the straight-line method over the useful lives of the respective assets. The cost of buildings are depreciated over estimated useful lives of 39 years, the costs of improvements are amortized over the shorter of the estimated life of the asset or term of the tenant lease (which range from 1 to 10 years), the costs associated with acquired tenant intangibles over the remaining lease term and the cost of furniture, fixtures and equipment are depreciated over 4 to 5 years. Depreciation expense for the years ended December 31, 2018 and 2017 was approximately $9.1 million and $9.7 million, respectively, and is included in depreciation and amortization in the accompanying consolidated statements of operations. Cash, Cash Equivalents and Restricted Cash. The Company considers all short-term, highly liquid investments that are both readily convertible to cash and have an original maturity of three months or less at the date of purchase to be cash equivalents. Items classified as cash equivalents include money market funds. Cash balances in individual banks may exceed the federally insured limit of $250,000 by the Federal Deposit Insurance Corporation (the "FDIC"). No losses have been experienced related to such accounts. At December 31, 2018, the Company had approximately $9.1 million in deposits in financial institutions that exceeded the federally insurable limits. Tenant Receivables. The Company periodically evaluates the collectability of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. At December 31, 2018 and 2017, the balance of allowance for possible uncollectible tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $60,300 and $26,000, respectively. Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one to five years. Deferred leasing costs consist of third party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic and market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At December 31, 2018 and 2017, the Company had net deferred leasing costs of approximately $2,097,000 and $1,892,000, respectively. Total amortization expense for the years ended December 31, 2018 and 2017 was approximately $510,000 and $550,000, respectively. Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs and are amortized using the effective interest method, over the contractual term of the respective loans. At December 31, 2018 and 2017, unamortized deferred financing costs related to mortgage notes payable were approximately $1,427,000 and $1,683,000, respectively, and unamortized deferred financing costs associated with the Series B Preferred Stock costs were approximately $122,000 and $115,000, respectively. for the years ended December 31, 2018 and 2017, total amortization expense related to the mortgage notes payable deferred financing costs was approximately $529,000 and $461,000, respectively, and total amortization expense related to the Series B Preferred Stock costs was approximately $147,000 and $630,000, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations. Income Taxes. We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided we maintain our qualification for taxation as a REIT, we are generally not subject to corporate level income tax on the earnings distributed currently to our stockholders that we derive from our REIT qualifying activities. If we fail to maintain our qualification as a REIT in any taxable year, and are unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax. We are subject to certain state and local income taxes. As of December 31, 2018, we had approximately $77.5 million of Federal net operating losses (NOLs) carry-forwards to offset potential future federal tax obligations. We may not generate sufficient taxable income in future periods to be able to realize fully the tax benefits of our NOL carry‑forwards. We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed any significant interest or penalties for tax positions by any major tax jurisdictions. Fair Value Measurements. Certain assets and liabilities are required to be carried at fair value, or if long-lived assets are deemed to be impaired, to be adjusted to reflect this condition. The guidance requires disclosure of fair values calculated under each level of inputs within the following hierarchy: Level 1 – Quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 – Inputs other than quoted process that are observable for the asset or liability, either directly or indirectly. Level 3 – Unobservable inputs for the asset or liability. Fair value is defined as the price at which an asset or liability is exchanged between market participants in an orderly transaction at the reporting date. Cash equivalents, mortgage notes receivable, tenant receivable and payables and accrued liabilities all approximate fair value due to their short term nature. During the year ended December 31, 2018, the Company measured the fair value of one of its real estate properties on a nonrecurring basis using Level 3 inputs. The Company estimated the fair value for the impaired real estate asset held for investment based on an estimated sales price, less estimated costs to sell. Management believes that the recorded and fair values of notes payable are approximately the carrying value of December 31, 2018 and 2017. Sales of Real Estate Assets . Effective January 1, 2018, we adopted the guidance of ASC 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”), which applies to sales or transfers to noncustomers of nonfinancial assets or in substance nonfinancial assets that do not meet the definition of a business. Generally, our sales of real estate would be considered a sale of a nonfinancial asset as defined by ASC 610-20. ASC 610-20 refers to the revenue recognition principles under ASU No. 2014-09. Under ASC 610-20, if we determine we do not have a controlling financial interest in the entity that holds the asset and the arrangement meets the criteria to be accounted for as a contract, we would derecognize the asset and recognize a gain or loss on the sale of the real estate when control of the underlying asset transfers to the buyer. Revenue Recognition and Tenant Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that the tenant can take in the form of cash or a credit against its rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how a tenant improvement allowance may be spent; • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectibility of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, we will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments. Effective January 1, 2018, we adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”) using the modified retrospective approach, which requires a cumulative effect adjustment as of the date of our adoption. Under the modified retrospective approach, an entity may also elect to apply this standard to either (i) all contracts as of January 1, 2018 or (ii) only to contracts that were not completed as of January 1, 2018. A completed contract is a contract for which all (or substantially all) of the revenue was recognized under legacy GAAP that was in effect before the date of initial application. We elected to apply this standard only to contracts that were not completed as of January 1, 2018. Based on our evaluation of contracts within the scope of ASU No. 2014-09, revenue that is impacted by ASU No. 2014-09 includes revenue generated by sales of real estate, other operating income and tenant reimbursements for substantial services earned at our properties. The recognition of such revenue will occur when the services are provided and the performance obligations are satisfied. The Company’s adoption of ASU No. 2014-09 did not have a significant impact on its consolidated financial statements. Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is similar to the computation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net earnings per share. For the year ended December 31, 2018, the basic and diluted net income per share are equivalent at $0.19 per share. For the year ended December 31, 2017, the basic and diluted net loss per share are equivalent at ($0.20) because the Company had incurred a net loss causing any potentially dilutive securities to be anti-dilutive. Dilutive securities include non-vested restricted shares issued under the Company’s share-based incentive plan, shares issuable under certain of the Company’s partnership arrangements and shares issuable under stock purchase warrants. The calculation of net income (loss) per share includes dilutive shares totaling 733,944 shares for the year ended December 31, 2018 and excludes shares totaling 656,758 shares for the year ended December 31, 2017. Subsequent Events. Management has evaluated subsequent events through the date that the accompanying financial statements were filed with the Securities and Exchange Commission (“SEC”) for transactions and other events which may require adjustment of and/or disclosure in such financial statements. Reclassifications. Certain reclassifications have been made to the prior year’s consolidated financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of consolidated operations or equity. Recently Issued Accounting Pronouncements. In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities . The pronouncement was issued to simplify the on-going assessment of hedge effectiveness and increase transparency related to hedge accounting. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company’s adoption of ASU No. 2017-12 is not expected to have a significant impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations The Company’s adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-2, Leases As a lessor, under current accounting standards, the Company recognizes rental revenue from its operating leases on a straight-line basis over the respective lease terms. The Company commences recognition of rental revenue at the date the property is ready for its intended use and the tenant takes possession of or controls the physical use of the property. Under current accounting standards, tenant recoveries related to payments of real estate taxes, insurance, utilities, repairs and maintenance, common area expenses, and other operating expenses are considered lease components. The Company recognizes these tenant recoveries as revenue when services are rendered in an amount equal to the related operating expenses incurred that are recoverable under the terms of the applicable lease. Under ASU No. 2016-2, each lease agreement will be evaluated to identify the lease components and nonlease components at lease inception. The total consideration in the lease agreement will be allocated to the lease and nonlease components based on their relative standalone selling prices. Lessors will continue to recognize the lease revenue component using an approach that is substantially equivalent to existing guidance for operating leases (straight-line basis). In July 2018, the FASB issued an amendment to ASU No. 2016-2 that allows lessors to elect, as a practical expedient, not to allocate the total consideration to lease and nonlease components based on their relative standalone selling prices. This practical expedient allows lessors to elect a combined single lease component presentation if (i) the timing and pattern of the revenue recognition of the combined single lease component is the same, and (ii) the related lease component and, the combined single lease component would be classified as an operating lease. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt the provisions of ASU No. 2016-2 effective January 1, 2019 using the modified retrospective approach and expects to elect certain practical expedients permitted under the transition guidance. The Company adoption of this standard on January 1, 2019 did not have a significant impact on its consolidated financial statements.

Recent Real Estate Transactions

Recent Real Estate Transactions	12 Months Ended
	Dec. 31, 2018
Real Estate [Abstract]
Recent Real Estate Transactions	3. RECENT REAL ESTATE TRANSACTIONS During year ended December 31, 2018 and 2017 we disposed of the following properties: • In December 2018, we sold the following: o Port of San Diego Complex for approximately $24.8 million and recognized a gain of approximately $10.0 million. o Yucca Valley Retail Center for approximately $7.8 million and recognized a gain of approximately $1.4 million. o Pacific Oaks Plaza for approximately $3.9 million and recognized a loss of approximately $232,000. • During the year ended December 31, 2018, we disposed of 33 model homes for approximately $12.6 million and recognized a gain of approximately $988,000. • In April 2017, we sold the Shoreline Medical Building for approximately $8.2 million and recognized a gain of approximately $1.3 million. • In March 2017, we sold the Regatta Square Retail Center for approximately $3.0 million and recognized a gain of approximately $756,000. • In February 2017, we sold the Rangewood Medical Building for approximately $2.2 million and recognized a loss of approximately $170,000. • During the year ended December 31, 2017, we disposed of 23 model homes for approximately $9.8 million and recognized a gain of approximately $735,000. During the year ended December 31, 2018, the Company acquired 45 Model Home properties and leased them back to the home builders. The purchase price for the properties totaled $17.3 million. The Company allocated the purchase price of the properties acquired during 2018 as follows: Buildings Total Land and Other Purchase Model Home Properties $ 2,871,611 $ 14,455,304 $ 17,326,915 During the year ended December 31, 2018, the Company disposed of real estate assets with a net carrying value of approximately $34.9 million and recorded a gain on sale of approximately $12.2 million.

Real Estate Assets

Real Estate Assets	12 Months Ended
	Dec. 31, 2018
Real Estate Assets [Abstract]
Real Estate Assets	4. REAL ESTATE ASSETS The Company owns a diverse portfolio of real estate assets. The primary types of properties the Company invests in are office, industrial, retail, and NNN leased model home properties located primarily in Southern California and Colorado, with four properties located in North Dakota. Our model home properties are located in ten states. As of December 31, 2018 • Fourteen office buildings and one industrial buildings (“Office/Industrial Properties”) which total approximately 1,300,653 rentable square feet, • Four retail shopping centers (“Retail Properties”) which total approximately 131,010 rentable square feet, • One hundred forty-four model homes owned by our affiliated limited partnerships and one limited liability company (“Model Home Properties”). The Company’s real estate assets consisted of the following as of December 31, 2018 and 2017: Real estate assets, net (in thousands) Property Name Acquired Location 2018 2017 Garden Gateway Plaza March 2007 Colorado Springs, Colorado $ 11,166 $ 11,434 World Plaza September 2007 San Bernardino, California 6,180 5,743 Executive Office Park July 2008 Colorado Springs, Colorado 7,976 8,076 Waterman Plaza August 2008 San Bernardino, California 4,977 5,624 Pacific Oaks Plaza (2)(3) September 2008 Escondido, California - 4,040 Morena Office Center (1) January 2009 San Diego, California 4,716 4,870 Genesis Plaza August 2010 San Diego, California 8,449 8,609 Dakota Center May 2011 Fargo, North Dakota 9,139 9,635 Yucca Valley Retail Center (2)(4) September 2011 Yucca Valley, California - 6,605 Port of San Diego Complex (2)(5) December 2011 San Diego, California - 13,888 The Presidio November 2012 Aurora, Colorado 6,499 6,415 Grand Pacific Center March 2014 Bismarck, North Dakota 5,814 5,854 Union Terrace August 2014 Lakewood, Colorado 7,983 8,287 Centennial Tech Center December 2014 Colorado Springs, Colorado 12,960 13,431 Arapahoe Center December 2014 Centennial, Colorado 10,251 10,638 Union Town Center December 2014 Colorado Springs, Colorado 9,904 10,209 West Fargo Industrial August 2015 Fargo, North Dakota 7,243 7,455 300 N.P. August 2015 Fargo, North Dakota 3,543 3,636 Research Parkway August 2015 Colorado Springs, Colorado 2,589 2,686 One Park Centre August 2015 Westminster, Colorado 8,453 8,514 Highland Court August 2015 Centennial, Colorado 11,845 12,287 Shea Center II December 2015 Highlands Ranch, Colorado 22,658 23,352 Office/Industrial and Retail Properties 162,345 191,288 Model Home Properties 2011-2018 AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT 48,763 43,246 Total real estate assets and lease intangibles held for investment, net $ 211,108 $ 234,534 (1) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019. (2) Property held for sale as of December 31, 2017. (3) Pacific Oaks Plaza was sold on December 27, 2018. (4) Yucca Valley Retail Center was sold on December 31, 2018. (5) Port of San Diego Complex was sold on December 20, 2018. The Company’s commercial properties are leased to tenants under non-cancelable operating leases for which terms and expirations vary. Future minimum rental revenues under existing leases on Office/Industrial and Retail Properties as of December 31, 2018 are expected to be as follows: 2019 $ 16,810,794 2020 14,429,223 2021 10,649,516 2022 7,425,332 2023 4,178,058 Thereafter 4,615,807 Totals $ 58,108,730 The Company generally rents Model Home Properties to homebuilders under non-cancelable lease agreements with a term of 18 months with an option to extend in six month increments. Future minimum rental revenues under existing leases on Model Home Properties as of December 31, 2018 are expected to be as follows: 2019 $ 2,716,596 2020 1,421,568 $ 4,138,164

Lease Intangibles

Lease Intangibles	12 Months Ended
	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Lease Intangibles	5. LEASE INTANGIBLES Lease intangibles consist of the following: December 31, 2018 December 31, 2017 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 4,958,477 $ (3,467,781 ) $ 1,490,696 $ 4,958,477 $ (2,899,042 ) $ 2,059,435 Leasing costs 3,628,080 (2,405,514 ) 1,222,566 3,628,080 (1,990,154 ) 1,637,926 Above-market leases 439,878 (291,666 ) 148,212 510,237 (293,146 ) 217,091 $ 9,026,435 $ (6,164,961 ) $ 2,861,474 $ 9,096,794 $ (5,182,342 ) $ 3,914,452 The net value of acquired intangible liabilities was $495,927 and $1,390,372 relating to below-market leases as of December 31, 2018 and December 31, 2017, respectively. Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: Years ending December 31: 2019 $ 876,667 2020 687,974 2021 488,320 2022 360,116 2023 173,785 Thereafter 274,612 Total $ 2,861,474 The weighted average amortization period for the intangible assets as of December 31, 2018

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2018
Other Assets [Abstract]
Other Assets	6. OTHER ASSETS Other assets consist of the following: December 31, December 31, 2018 2017 Deferred rent receivable $ 2,883,581 $ 3,227,700 Prepaid expenses, deposits and other 407,106 1,410,363 Tenant receivable, net 2,845,314 1,108,110 Raw land 900,000 900,000 Other intangibles, net 293,832 374,733 Notes receivable 316,374 316,374 Total other assets $ 7,646,207 $ 7,337,280

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2018
Mortgage Loans On Real Estate [Abstract]
Mortgage Notes Payable	7. MORTGAGE NOTES PAYABLE Mortgage notes payable consisted of the following: Principal as of December 31, December 31, Loan Interest Mortgage note property Notes 2018 2017 Type Rate (1) Maturity Port of San Diego Complex (4) $ - $ 9,575,508 Fixed 4.75 % 3/5/2020 Garden Gateway Plaza 6,270,896 6,445,300 Fixed 5.00 % 4/5/2020 World Plaza (9) 3,350,539 - Variable 5.10 % 7/5/2020 West Fargo Industrial 4,292,809 4,365,449 Fixed 4.79 % 9/6/2020 Morena Office Center (2) 1,567,358 2,156,479 Fixed 4.30 % 6/1/2021 Waterman Plaza 3,369,960 3,850,365 Fixed 5.78 % 4/29/2021 Pacific Oaks Plaza (6) - 1,466,351 Fixed 4.30 % 6/1/2021 300 N.P. 2,348,443 2,380,703 Fixed 4.95 % 6/11/2022 Highland Court 6,568,320 6,695,541 Fixed 3.82 % 9/1/2022 Dakota Center 10,314,520 10,492,904 Fixed 4.74 % 7/6/2024 Union Terrace 6,354,153 6,454,448 Fixed 4.50 % 9/5/2024 The Presidio 5,992,905 6,000,000 Fixed 4.54 % 12/1/2021 Centennial Tech Center 9,745,811 9,908,235 Fixed 4.43 % 1/5/2024 Research Parkway 1,864,139 1,909,012 Fixed 3.94 % 1/5/2025 Arapahoe Center 8,233,567 8,364,088 Fixed 4.34 % 1/5/2025 Union Town Center 8,440,000 8,440,000 Fixed 4.28 % 1/5/2025 Yucca Valley Retail Center (7) - 6,000,000 Fixed 4.31 % 4/11/2025 Executive Office Park (8) 4,947,808 4,151,161 Fixed 4.83 % 6/1/2027 Genesis Plaza 6,476,032 6,500,000 Fixed 4.71 % 8/25/2025 One Park Centre 6,585,922 6,610,000 Fixed 4.77 % 9/5/2025 Shea Center II 17,727,500 17,727,500 Fixed 4.92 % 1/5/2026 Grand Pacific Center (3) 3,961,304 4,057,752 Fixed 4.02 % 8/1/2037 Office/Industrial and Retail Properties $ 118,411,986 $ 133,550,796 Model Home Properties 32,728,930 28,454,883 Fixed (5) 2019-2020 Mortgage Notes Payable $ 151,140,916 $ 162,005,679 Unamortized loan costs (1,426,740 ) (1,682,942 ) Mortgage Notes Payable held for investment, net $ 149,714,176 $ 160,322,737 (1) Interest rates as of December 31, 2018 (2) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019. (3) Interest rate is subject to reset on September 1, 2023. (4) Port of San Diego Complex was sold on December 20, 2018. (5) Each Model Home has a stand-alone mortgage note at interest rates ranging from 3.8% to 5.6% (at December 31, 2018 ). (6) Pacific Oaks Plaza was sold on December 27, 2018. (7) Yucca Valley Retail Center was sold on December 31, 2018. (8) The loan was refinanced to a new loan on June 1, 2018. (9) Interest on this loan is ABR + 0.75% and LIBOR plus 2.75%. For the year-ended December 31, 2018, the weighted average interest rate was 4.97%. The Company is in compliance with all conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable are as follows: Office/Industrial and Retail Model Home Properties Principal Years ending December 31: Notes Notes Payable Payments 2019 $ 3,456,829 $ 9,945,470 $ 13,402,299 2020 15,231,332 11,595,332 $ 26,826,664 2021 10,749,691 11,188,128 $ 21,937,819 2022 10,055,657 - $ 10,055,657 2023 10,928,130 - $ 10,928,130 Thereafter 67,990,347 - $ 67,990,347 Total $ 118,411,986 $ 32,728,930 $ 151,140,916

Series B Mandatorily Redeemable

Series B Mandatorily Redeemable Preferred Stock	12 Months Ended
	Dec. 31, 2018
Other Liabilities And Shares Subject To Mandatory Redemption [Abstract]
Series B Mandatorily Redeemable Preferred Stock	8. SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK In August 2014, the Company entered into a private placement offering of $40 million of its mandatorily redeemable Series B Preferred Stock and issued 400,000 shares. The financing, was to be funded in installments and planned to be completed no later than the one year anniversary of the initial investment. The funds were used for Series B Preferred investor-approved property acquisitions. Certain specified management decisions were approved in advance by the Series B Preferred investor. Upon the occurrence of an event of default, the Preferred Stock investor has certain additional rights. As of December 31, 2018 Distinguishing from Equity The Series B Preferred Stock has a $0.01 par value and a $1,000 liquidation preference. The Series B preferred stock shall be redeemed through a cash payment of the face value of the shares outstanding at redemption. The dividend yield on the funds invested is 14%. The Series B Preferred Stock was scheduled to be redeemed on August 1, 2017; however, the Company had two one year options to extend the redemption date. On June 30, 2017, the Company exercised its option to extend the redemption date to August 1, 2019 and paid an extension fee of $153,500. The Company incurred approximately $3.1 million in legal and underwriting costs related to this transaction. These costs have been recorded as deferred financing costs on the accompanying consolidated balance sheets and are being amortized over the term of the agreement using the effective interest method. Amortization expense totaling approximately $147,000 and $630,000 was included in interest expense for the years ended December 31, 2018 and 2017, respectively, in the accompanying consolidated statements of operations. The unamortized deferred stock costs totaled $122,000 and $115,000 as of December 31, 2018 and 2017, respectively. During the year ended December 31, 2018, the Company redeemed 13,800 shares of its Series B Preferred Stock for $13.8 million. During the year ended December 31, 2017, the Company redeemed 2,000 shares of its Series B preferred stock for $2.0 million. As of December 31, 2018, the remaining outstanding number of Series B Preferred Stock was 16,900 redeemable for $16.9 million in cash.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. COMMITMENTS AND CONTINGENCIES Litigation. From time to time, we may become involved in various lawsuits or legal proceedings which arise in the ordinary course of business. Neither the Company nor any of the Company’s properties are presently subject to any material litigation nor, to the Company’s knowledge, is there any material threatened litigation. Environmental Matters. The Company monitors its properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist, the Company is not currently aware of any environmental liability with respect to the properties that would have a material effect on the Company’s financial condition, results of operations and cash flow. Further, the Company is not aware of any environmental liability or any unasserted claim or assessment with respect to an environmental liability that the Company believes would require additional disclosure or recording of a loss contingency.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2018
Stockholders Equity Note [Abstract]
Stockholders' Equity	10. STOCKHOLDERS’ EQUITY Preferred Stock. The Company is authorized to issue up to 8,990,000 shares of Preferred Stock (the “Preferred Stock”). The Preferred Stock may be issued from time to time in one or more series. The Board of Directors is authorized to fix the number of shares of any series of the Preferred Stock, to determine the designation of any such series, and to determine or alter the rights granted to or imposed upon any wholly unissued series of Preferred Stock including the dividend rights, dividend rate, conversion rights, voting rights, redemption rights (including sinking fund provisions), redemption price, and liquidation preference. The Board of Directors authorized the original issuance of 1,000,000 shares of the Preferred Stock as Series AA Convertible Preferred Stock (“Series AA”). Each share of Series AA (i) is non-voting, except under certain circumstances as provided in the Articles of Incorporation; (ii) is entitled to annual cash dividends of 7% which are cumulative and payable quarterly; (iii) ranks senior, as to the payment of dividends and distributions of assets upon liquidation, to common stock or any other series of Preferred Stock that is not senior to or on parity with the Series AA; (iv) is entitled to receive $25.00 plus accrued dividends upon liquidation; (v) may be redeemed by the Company prior to the mandatory conversion date at a price of $25.00 plus accrued dividends, and (vi) may be converted into two shares of common stock at the option of the holder prior to the mandatory conversion date. The conversion price is subject to certain anti-dilution adjustments. The Company has not issued any shares of this Series AA Preferred Stock. Common Stock. The Company is authorized to issue up to 100,000,000 shares of Series A Common Stock (“Common Stock”) $0.01 par value and 1,000 shares of Series B Common Stock $0.01 par value. The Common Stock and the Series B Common Stock have identical rights, preferences, terms and conditions except that the Series B Common Stockholders are not entitled to receive any portion of Company assets in the event of Company liquidation. There have been no Series B Common Stock shares issued. Each share of Common Stock entitles the holder to one vote. The Common Stock is not subject to redemption and it does not have any preference, conversion, exchange or pre-emptive rights. The articles of incorporation contain a restriction on ownership of the Common Stock that prevents one person from owning more than 9.8% of the outstanding shares of common stock. In October 2006, the Company commenced a private placement offering of its common stock. Through December 31, 2011 when the offering was terminated, the Company conducted a self-underwritten private placement offering of 20,000,000 shares of its common stock at a price of $10 per share. This offering was made only to accredited investors (and up to thirty-five non-accredited investors) pursuant to an exemption from registration provided by Section 4(2) and Rule 506 of Regulation D under the Securities Act of 1933, as amended. No public or private market currently exists for the securities sold under this offering. The Company ceased raising capital under this private placement offering effective December 31, 2011. Cash Dividends. For the year ended December 31, 2018, the Company did not pay cash dividends. For the year ended December 31, 2017, the Company paid cash dividends, net of reinvested stock dividends, of $3,621,000 or at a rate of $0.40 per share on an annualized basis. Subsequent to December 31, 2018, the Company paid $1,075,000 or at a rate of $0.06 per share of cash dividends with proceeds from the sale of real estate properties that occurred in December 2018. Dividend Reinvestment Plan. The Company had adopted a distribution reinvestment plan that allowed stockholders to have dividends or other distributions otherwise distributable to them invested in additional shares of Company common stock. The Company registered 3,000,000 shares of common stock pursuant to the dividend reinvestment plan. The dividend reinvestment plan became effective on January 23, 2012 and was suspended on December 7, 2018 until further notice. The purchase price per share is 95% of the price the Company was formerly selling its shares for $10.00 per share. No sales commission or dealer manager fee will be paid on shares sold through the dividend reinvestment plan. The Company may amend, suspend or terminate the Plan at any time. Any such amendment, suspension or termination will be effective upon a designated dividend record date and notice of such amendment, suspension or termination will be sent to all Participants at least thirty (30) days prior to such record date. No dividend reinvestments were made for the year ended December 31, 2018. As of December 31, 2018 , approximately $17,424,399 or 1,834,147 shares of common stock have been issued under the dividend reinvestment plan to date.

Share Based Incentive Plan

Share Based Incentive Plan	12 Months Ended
	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Incentive Plan	11. SHARE-BASED INCENTIVE PLAN The Company maintains a restricted stock incentive plan for the purpose of attracting and retaining officers, key employees and non-employee board members. Share awards vest in equal annual installments over a three to ten year period from date of issuance. Non-vested shares have voting rights and are eligible for any dividends paid to common shares. The Company recognized compensation cost for these fixed awards over the service vesting period, which represents the requisite service period, using the straight-line method. The value of non-vested shares was calculated based on the offering price of the shares in the most recent private placement offering of $10.00, adjusted for stock dividends since granted and assumed selling costs (currently $8.60), which management believes approximates fair market value as of the date of grant. A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2017 162,127 Granted 146,777 Forfeited (16,027 ) Vested (53,565 ) Balance at December 31, 2018 239,312 The non-vested restricted shares outstanding as of December 31, 2018 The value of non-vested restricted stock granted for the years ended December 31, 2018 and 2017 was approximately $2,058,000 and $1,390,000, respectively. Share-based compensation expense for the years ended December 31, 2018 and 2017 was approximately $461,000 and $559,000, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	12. RELATED PARTY TRANSACTIONS During the year ended December 31, 2018, the Company leased a portion of its previous corporate headquarters at Pacific Oaks Plaza in Escondido, California to an entity 100% owned by the Company’s Chairman and Chief Executive Officer and another related party. Pacific Oaks Plaza was sold on December 27, 2018 and the Company leased the space from the buyer through February 2019. Total rents charged and paid by this affiliate was approximately $36,000 for the years ended December 31, 2018 and 2017, respectively. The Company expects to continue this leasing arrangement in 2019 at its new office at Genesis Plaza in San Diego, California.

Segments

Segments	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Segments	13. SEGMENTS The Company’s reportable segments consist of the three types of commercial real estate properties for which the Company’s decision-makers internally evaluate operating performance and financial results: Office/Industrial Properties, Model Homes and Retail Properties. The Company also has certain corporate level activities including accounting, finance, legal administration and management information systems which are not considered separate operating segments. The accounting policies of the reportable segments are the same as those described in Note 2. There is no significant intersegment activity. The Company evaluates the performance of its segments based upon net operating income (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its segments as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operating expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt) excluding interest expense. NOI excludes certain items that are not considered to be controllable in connection with the management of an asset such as non-property income and expenses, depreciation and amortization, real estate acquisition fees and expenses and corporate general and administrative expenses. The Company uses NOI to evaluate the operating performance of the Company’s real estate investments and to make decisions about resource allocations. The following tables reconcile the Company’s segment activity to its results of operations and financial position as of and for the years ended December 31, 2018 and 2017, respectively. For the Year Ended December 31, 2018 2017 Office/Industrial Properties: Rental income $ 24,037,363 $ 25,140,525 Property and related expenses (9,494,885 ) (9,263,556 ) Net operating income, as defined 14,542,478 15,876,969 Model Home Properties: Rental income 4,642,159 3,899,570 Property and related expenses (174,238 ) (154,206 ) Net operating income, as defined 4,467,921 3,745,364 Retail Properties: Rental income 3,664,491 4,334,047 Property and related expenses (1,217,596 ) (1,305,702 ) Net operating income, as defined 2,446,895 3,028,345 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 21,457,294 22,650,678 General and administrative expenses (4,532,703 ) (5,200,592 ) Depreciation and amortization (9,101,605 ) (9,710,265 ) Interest expense (13,041,016 ) (12,954,079 ) Interest income 55,909 30,287 Gain on sale of real estate 12,200,138 2,623,469 Deferred offering cost (1,507,599 ) - Impairment of real estate (532,951 ) - Acquisition costs (26,177 ) (72,897 ) Income tax expense (518,567 ) (208,681 ) Net income (loss ) $ 4,452,723 $ (2,842,080 ) December 31, December 31, Assets by Reportable Segment: 2018 2017 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 138,694,773 $ 160,422,468 Total assets (2) $ 143,620,315 $ 163,041,049 Model Home Properties: Land, buildings and improvements, net (1) $ 48,762,869 $ 43,245,832 Total assets (2) $ 48,864,060 $ 44,782,943 Retail Properties: Land, buildings and improvements, net (1) $ 23,650,423 $ 30,865,644 Total assets (2) $ 27,702,384 $ 32,534,890 Reconciliation to Total Assets: Total assets for reportable segments $ 220,186,759 $ 240,358,882 Other unallocated assets: Cash and cash equivalents 9,776,215 8,310,575 Other assets, net 3,087,066 5,827,408 Total Assets $ 233,050,040 $ 254,496,865 (1) Includes lease intangibles and the land purchase option related to property acquisitions. (2) Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. Capital Expenditures by Reportable Segment For the Year Ended December 31, 2018 2017 Office/Industrial Properties: Capital expenditures and tenant improvements $ 3,340,023 $ 3,418,722 Model Home Properties: Acquisition of operating properties 17,326,915 17,560,745 Retail Properties: Capital expenditures and tenant improvements 19,260 203,002 Totals: Acquisition of operating properties, net 17,326,915 17,560,745 Capital expenditures and tenant improvements 3,359,283 3,621,724 Total real estate investments $ 20,686,198 $ 21,182,469

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2018
Real Estate And Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III, Real Estate and Accumulated Depreciation and Amortization Disclosure	Presidio Property Trust, Inc. and Subsidiaries Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2018 All amounts are in thousands Initial Cost Total Cost (1) Property Name/ Location Encumbrances Land Cost Building and Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Depreciation Reserve for Impairment NBV Real Estate Date Acquired Year Built/ Renovated Garden Gateway, Colorado Springs, CO 6,271 3,035 12,091 15,126 2,721 3,035 10,833 16,589 5,423 — 11,166 03/07 1982/2006 Executive Park, Colorada Springs, CO 4,948 1,266 8,815 10,081 1,490 1,266 7,880 10,636 2,660 — 7,976 07/08 2000 Morena Center, San Diego, CA (2) 1,567 1,333 5,203 6,536 787 1,333 5,037 7,157 1,941 500 4,716 01/09 1985 Genesis Plaza, San Diego, CA 6,476 1,400 8,600 10,000 1,712 1,400 8,007 11,119 2,670 — 8,449 08/10 1989 Dakota Center, Fargo, ND 10,315 832 8,743 9,575 1,267 832 9,823 11,922 2,783 — 9,139 05/11 1982 The Presidio, Colorado Springs, CO 5,993 1,325 5,950 7,275 1,962 1,325 5,320 8,607 2,108 — 6,499 11/12 1985 Grand Pacific Center, Bismarck, ND 3,961 413 4,926 5,339 714 413 5,921 7,048 1,234 — 5,814 03/14 1976 Union Terrace, Lakewood, CO 6,354 1,717 7,708 9,425 3,246 1,717 5,749 10,712 2,729 — 7,983 08/14 1982 Centennial Tech Center, Colorado Springs, CO 9,746 2,025 13,475 15,500 3,250 2,025 10,545 15,820 2,860 — 12,960 12/14 1999 Arapahoe Center, Centennial, CO 8,234 1,420 10,430 11,850 2,076 1,420 8,844 12,340 2,089 — 10,251 12/14 2000 West Fargo Industrial, Fargo, ND 4,293 1,693 6,207 7,900 352 1,693 6,052 8,097 854 — 7,243 08/15 1998/2005 300 N.P., Fargo, ND 2,348 135 3,715 3,850 317 135 3,589 4,041 498 — 3,543 08/15 1922 Highland Court, Centennial, CO 6,568 3,608 9,442 13,050 3,093 3,608 7,756 14,457 2,612 — 11,845 08/15 1984 One Park Centre, Westimister, CO 6,586 1,206 7,944 9,150 1,389 1,206 7,366 9,961 1,508 — 8,453 08/15 1983 Shea Center II, Highlands Ranch, CO 17,728 2,214 23,747 25,961 5,449 2,214 19,425 27,088 4,430 — 22,658 12/15 2000 Total Office/ Industrial properties $ 101,388 $ 23,622 $ 136,996 $ 160,618 $ 29,825 $ 23,622 $ 122,147 $ 175,594 $ 36,399 $ 500 $ 138,695 World Plaza , San Bernardino, CA 3,351 1,698 6,232 7,930 1,116 1,698 6,263 9,077 2,197 700 6,180 09/07 1974 Waterman Plaza, San Bernardino, CA 3,370 2,350 4,814 7,164 556 2,383 4,324 7,263 1,453 833 4,977 08/08 2008 Union Town Center, Colorado Springs, CO 8,440 1,750 9,462 11,212 713 1,750 8,917 11,380 1,476 — 9,904 12/14 2003 Research Parkway, Colorado Springs, CO 1,864 408 2,442 2,850 159 408 2,349 2,916 327 — 2,589 8/15/2016 2003 Total Retail properties $ 17,025 $ 6,206 $ 22,950 $ 29,156 $ 2,544 $ 6,239 $ 21,853 $ 30,636 $ 5,453 $ 1,533 $ 23,650 Model Homes -NDMHR, LP 4,809 1,387 7,019 8,406 — 1,387 7,020 8,407 459 — 7,948 2010-2016 2010-2016 Model Homes-DMH LP #202 5,748 1,384 7,381 8,765 — 1,385 7,381 8,766 268 — 8,498 2014-2018 2014-2018 Model Homes-DMH LP #203 7,959 1,911 10,220 12,131 — 1,911 10,220 12,131 472 11,659 2016-2018 2016-2018 Model Homes-DMH LP #204 5,449 1,409 6,522 7,931 1,409 6,521 7,930 94 7,836 2018 2018 Model Homes-NDMH LLC 8,764 1,998 11,247 13,245 — 1,998 11,247 13,245 423 — 12,822 2016 2016 Total Model Home properties 32,729 8,089 42,389 50,478 — 8,090 42,389 50,479 1,716 — 48,763 — CONSOLIDATED TOTALS: $ 151,142 $ 37,917 $ 202,335 $ 240,252 $ 32,369 $ 37,951 $ 186,389 $ 256,709 $ 43,568 $ 2,033 $ 211,108 (1) Depreciation is computed on a straight-line basis using useful lives up to 39 years. (2) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019. Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2018 For the Year Ended December 31, 2018 2017 Real estate Balance at the beginning of the year $ 274,546,199 $ 276,833,694 Acquisitions 17,326,915 17,560,745 Improvements 3,359,283 3,616,140 Impairments (532,951 ) - Dispositions of real estate (40,023,572 ) (23,464,380 ) Balance at the end of the year $ 254,675,874 $ 274,546,199 Accumulated depreciation and amortization Balance at the beginning of the year $ (40,012,255 ) $ (36,311,485 ) Depreciation and amortization expense (8,452,012 ) (9,186,190 ) Dispositions of real estate 4,896,458 5,485,420 Balance at the end of the year $ (43,567,809 ) $ (40,012,255 )

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).
Principles of Consolidation	Principles of Consolidation . The accompanying consolidated financial statements include the accounts of Presidio Property Trust and its subsidiaries, NetREIT Advisors, LLC and Dubose Advisors LLC (collectively, the “Advisors”), and NetREIT Dubose Model Home REIT, Inc. The consolidated financial statements also include the results of the NetREIT Partnerships, the Model Home Partnerships. As used herein, references to the “Company” include references to Presidio Property Trust, its subsidiaries, and the Partnerships. All significant intercompany balances and transactions have been eliminated in consolidation. The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2018 and 2017, and includes the accumulated amount of noncontrolling interests as part of equity since inception in February 2010. If a change in ownership of a consolidated subsidiary results in loss of control and deconsolidation, any retained ownership interest will be remeasured, with the gain or loss reported in the statement of operations. Management has evaluated the noncontrolling interests and determined that they do not contain any redemption features.
Use of Estimates	Use of Estimates . The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include the allocation of purchase price paid for property acquisitions between land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates.
Real Estate Asset Acquisitions and Lease Intangibles	Real Estate Assets and Lease Intangibles. Land, buildings and improvements are recorded at cost, including tenant improvements and lease acquisition costs (including leasing commissions, space planning fees, and legal fees). The Company capitalizes any expenditure that replaces, improves, or otherwise extends the economic life of an asset, while ordinary repairs and maintenance are expensed as incurred. The Company allocates the purchase price of acquired properties between the acquired tangible assets and liabilities (consisting of land, building, tenant improvements, and long-term debt) and identified intangible assets and liabilities (including the value of above-market and below-market leases, the value of in-place leases, unamortized lease origination costs and tenant relationships), based in each case on their respective fair values. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets assuming the building was vacant. Estimates of fair value for land, building and building improvements are based on many factors including, but not limited to, comparisons to other properties sold in the same geographic area and independent third party valuations. The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair values of the tangible and intangible assets and liabilities acquired. The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $826,000 and $207,000 for the years ended December 31, 2018 and 2017, respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten years. The amount allocated to acquired in-place leases is determined based on management’s assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. The amount allocated to unamortized lease origination costs is determined by what the Company would have paid to a third party to secure a new tenant reduced by the expired term of the respective lease. The amount allocated to tenant relationships is the benefit resulting from the likelihood of a tenant renewing its lease. Amortization expense related to these assets was approximately $569,000 and $929,000 for years ended December 31, 2018 and 2017, respectively.
Impairment of Real Estate Assets	Impairment of Real Estate Assets. The Company reviews the carrying value of each property to determine if circumstances that indicate impairment in the carrying value of the investment exist or that depreciation periods should be modified. If circumstances support the possibility of impairment, the Company prepares a projection of the undiscounted future cash flows, without interest charges, of the specific property and determines if the investment in such property is recoverable. If impairment is indicated, the carrying value of the property is written down to its estimated fair value based on the Company’s best estimate of the property’s discounted future cash flows, as well as considering sales and leasing data for comparable properties. During the year ended December 31, 2018, the Company determined that an impairment existed in one of its properties (Waterman Plaza) and, as a result, recorded an asset impairment charge of $533,000. There were no impairment charges recorded during the year ended December 31, 2017.
Intangible Assets	Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite-lived and indefinite-lived assets. Lease intangibles represents the allocation of a portion of the purchase price of a property acquisition representing the estimated value of in-place leases, unamortized lease origination costs, tenant relationships and land purchase options. Intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives. Indefinite-lived assets are not amortized. Amortization expense of intangible assets that are not deemed to have an indefinite useful life was approximately $415,000 and $590,000, respectively, for the years ended December 31, 2018 and 2017 and is included in depreciation and amortization in the accompanying consolidated statements of operation. The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, no impairment was deemed to exist at December 31, 2018 and 2017.
Depreciation and Amortization	Depreciation and Amortization. The Company records depreciation and amortization expense using the straight-line method over the useful lives of the respective assets. The cost of buildings are depreciated over estimated useful lives of 39 years, the costs of improvements are amortized over the shorter of the estimated life of the asset or term of the tenant lease (which range from 1 to 10 years), the costs associated with acquired tenant intangibles over the remaining lease term and the cost of furniture, fixtures and equipment are depreciated over 4 to 5 years. Depreciation expense for the years ended December 31, 2018 and 2017 was approximately $9.1 million and $9.7 million, respectively, and is included in depreciation and amortization in the accompanying consolidated statements of operations.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash. The Company considers all short-term, highly liquid investments that are both readily convertible to cash and have an original maturity of three months or less at the date of purchase to be cash equivalents. Items classified as cash equivalents include money market funds. Cash balances in individual banks may exceed the federally insured limit of $250,000 by the Federal Deposit Insurance Corporation (the "FDIC"). No losses have been experienced related to such accounts. At December 31, 2018, the Company had approximately $9.1 million in deposits in financial institutions that exceeded the federally insurable limits.
Tenant Receivables	Tenant Receivables. The Company periodically evaluates the collectability of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. At December 31, 2018 and 2017, the balance of allowance for possible uncollectible tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $60,300 and $26,000, respectively.
Deferred Leasing and Financing Costs	Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one to five years. Deferred leasing costs consist of third party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic and market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At December 31, 2018 and 2017, the Company had net deferred leasing costs of approximately $2,097,000 and $1,892,000, respectively. Total amortization expense for the years ended December 31, 2018 and 2017 was approximately $510,000 and $550,000, respectively. Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs and are amortized using the effective interest method, over the contractual term of the respective loans. At December 31, 2018 and 2017, unamortized deferred financing costs related to mortgage notes payable were approximately $1,427,000 and $1,683,000, respectively, and unamortized deferred financing costs associated with the Series B Preferred Stock costs were approximately $122,000 and $115,000, respectively. for the years ended December 31, 2018 and 2017, total amortization expense related to the mortgage notes payable deferred financing costs was approximately $529,000 and $461,000, respectively, and total amortization expense related to the Series B Preferred Stock costs was approximately $147,000 and $630,000, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations.
Income Taxes	Income Taxes. We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided we maintain our qualification for taxation as a REIT, we are generally not subject to corporate level income tax on the earnings distributed currently to our stockholders that we derive from our REIT qualifying activities. If we fail to maintain our qualification as a REIT in any taxable year, and are unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax. We are subject to certain state and local income taxes. As of December 31, 2018, we had approximately $77.5 million of Federal net operating losses (NOLs) carry-forwards to offset potential future federal tax obligations. We may not generate sufficient taxable income in future periods to be able to realize fully the tax benefits of our NOL carry‑forwards. We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed any significant interest or penalties for tax positions by any major tax jurisdictions.
Fair Value Measurements	Fair Value Measurements. Certain assets and liabilities are required to be carried at fair value, or if long-lived assets are deemed to be impaired, to be adjusted to reflect this condition. The guidance requires disclosure of fair values calculated under each level of inputs within the following hierarchy: Level 1 – Quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 – Inputs other than quoted process that are observable for the asset or liability, either directly or indirectly. Level 3 – Unobservable inputs for the asset or liability. Fair value is defined as the price at which an asset or liability is exchanged between market participants in an orderly transaction at the reporting date. Cash equivalents, mortgage notes receivable, tenant receivable and payables and accrued liabilities all approximate fair value due to their short term nature. During the year ended December 31, 2018, the Company measured the fair value of one of its real estate properties on a nonrecurring basis using Level 3 inputs. The Company estimated the fair value for the impaired real estate asset held for investment based on an estimated sales price, less estimated costs to sell. Management believes that the recorded and fair values of notes payable are approximately the carrying value of December 31, 2018 and 2017.
Sales of Real Estate Assets	Sales of Real Estate Assets . Effective January 1, 2018, we adopted the guidance of ASC 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”), which applies to sales or transfers to noncustomers of nonfinancial assets or in substance nonfinancial assets that do not meet the definition of a business. Generally, our sales of real estate would be considered a sale of a nonfinancial asset as defined by ASC 610-20. ASC 610-20 refers to the revenue recognition principles under ASU No. 2014-09. Under ASC 610-20, if we determine we do not have a controlling financial interest in the entity that holds the asset and the arrangement meets the criteria to be accounted for as a contract, we would derecognize the asset and recognize a gain or loss on the sale of the real estate when control of the underlying asset transfers to the buyer.
Revenue Recognition and Tenant Receivables	Revenue Recognition and Tenant Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that the tenant can take in the form of cash or a credit against its rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how a tenant improvement allowance may be spent; • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectibility of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, we will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments. Effective January 1, 2018, we adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”) using the modified retrospective approach, which requires a cumulative effect adjustment as of the date of our adoption. Under the modified retrospective approach, an entity may also elect to apply this standard to either (i) all contracts as of January 1, 2018 or (ii) only to contracts that were not completed as of January 1, 2018. A completed contract is a contract for which all (or substantially all) of the revenue was recognized under legacy GAAP that was in effect before the date of initial application. We elected to apply this standard only to contracts that were not completed as of January 1, 2018. Based on our evaluation of contracts within the scope of ASU No. 2014-09, revenue that is impacted by ASU No. 2014-09 includes revenue generated by sales of real estate, other operating income and tenant reimbursements for substantial services earned at our properties. The recognition of such revenue will occur when the services are provided and the performance obligations are satisfied. The Company’s adoption of ASU No. 2014-09 did not have a significant impact on its consolidated financial statements.
Income (Loss) per Common Share	Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is similar to the computation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net earnings per share. For the year ended December 31, 2018, the basic and diluted net income per share are equivalent at $0.19 per share. For the year ended December 31, 2017, the basic and diluted net loss per share are equivalent at ($0.20) because the Company had incurred a net loss causing any potentially dilutive securities to be anti-dilutive. Dilutive securities include non-vested restricted shares issued under the Company’s share-based incentive plan, shares issuable under certain of the Company’s partnership arrangements and shares issuable under stock purchase warrants. The calculation of net income (loss) per share includes dilutive shares totaling 733,944 shares for the year ended December 31, 2018 and excludes shares totaling 656,758 shares for the year ended December 31, 2017.
Subsequent Events	Subsequent Events. Management has evaluated subsequent events through the date that the accompanying financial statements were filed with the Securities and Exchange Commission (“SEC”) for transactions and other events which may require adjustment of and/or disclosure in such financial statements.
Reclassifications	Reclassifications. Certain reclassifications have been made to the prior year’s consolidated financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of consolidated operations or equity.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements. In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities . The pronouncement was issued to simplify the on-going assessment of hedge effectiveness and increase transparency related to hedge accounting. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company’s adoption of ASU No. 2017-12 is not expected to have a significant impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations The Company’s adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-2, Leases As a lessor, under current accounting standards, the Company recognizes rental revenue from its operating leases on a straight-line basis over the respective lease terms. The Company commences recognition of rental revenue at the date the property is ready for its intended use and the tenant takes possession of or controls the physical use of the property. Under current accounting standards, tenant recoveries related to payments of real estate taxes, insurance, utilities, repairs and maintenance, common area expenses, and other operating expenses are considered lease components. The Company recognizes these tenant recoveries as revenue when services are rendered in an amount equal to the related operating expenses incurred that are recoverable under the terms of the applicable lease. Under ASU No. 2016-2, each lease agreement will be evaluated to identify the lease components and nonlease components at lease inception. The total consideration in the lease agreement will be allocated to the lease and nonlease components based on their relative standalone selling prices. Lessors will continue to recognize the lease revenue component using an approach that is substantially equivalent to existing guidance for operating leases (straight-line basis). In July 2018, the FASB issued an amendment to ASU No. 2016-2 that allows lessors to elect, as a practical expedient, not to allocate the total consideration to lease and nonlease components based on their relative standalone selling prices. This practical expedient allows lessors to elect a combined single lease component presentation if (i) the timing and pattern of the revenue recognition of the combined single lease component is the same, and (ii) the related lease component and, the combined single lease component would be classified as an operating lease. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt the provisions of ASU No. 2016-2 effective January 1, 2019 using the modified retrospective approach and expects to elect certain practical expedients permitted under the transition guidance. The Company adoption of this standard on January 1, 2019 did not have a significant impact on its consolidated financial statements.

Recent Real Estate Transactio_2

Recent Real Estate Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Real Estate [Abstract]
Properties Acquired and Sold	The Company allocated the purchase price of the properties acquired during 2018 as follows: Buildings Total Land and Other Purchase Model Home Properties $ 2,871,611 $ 14,455,304 $ 17,326,915

Real Estate Assets (Tables)

Real Estate Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Real Estate Properties Owned	The Company’s real estate assets consisted of the following as of December 31, 2018 and 2017: Real estate assets, net (in thousands) Property Name Acquired Location 2018 2017 Garden Gateway Plaza March 2007 Colorado Springs, Colorado $ 11,166 $ 11,434 World Plaza September 2007 San Bernardino, California 6,180 5,743 Executive Office Park July 2008 Colorado Springs, Colorado 7,976 8,076 Waterman Plaza August 2008 San Bernardino, California 4,977 5,624 Pacific Oaks Plaza (2)(3) September 2008 Escondido, California - 4,040 Morena Office Center (1) January 2009 San Diego, California 4,716 4,870 Genesis Plaza August 2010 San Diego, California 8,449 8,609 Dakota Center May 2011 Fargo, North Dakota 9,139 9,635 Yucca Valley Retail Center (2)(4) September 2011 Yucca Valley, California - 6,605 Port of San Diego Complex (2)(5) December 2011 San Diego, California - 13,888 The Presidio November 2012 Aurora, Colorado 6,499 6,415 Grand Pacific Center March 2014 Bismarck, North Dakota 5,814 5,854 Union Terrace August 2014 Lakewood, Colorado 7,983 8,287 Centennial Tech Center December 2014 Colorado Springs, Colorado 12,960 13,431 Arapahoe Center December 2014 Centennial, Colorado 10,251 10,638 Union Town Center December 2014 Colorado Springs, Colorado 9,904 10,209 West Fargo Industrial August 2015 Fargo, North Dakota 7,243 7,455 300 N.P. August 2015 Fargo, North Dakota 3,543 3,636 Research Parkway August 2015 Colorado Springs, Colorado 2,589 2,686 One Park Centre August 2015 Westminster, Colorado 8,453 8,514 Highland Court August 2015 Centennial, Colorado 11,845 12,287 Shea Center II December 2015 Highlands Ranch, Colorado 22,658 23,352 Office/Industrial and Retail Properties 162,345 191,288 Model Home Properties 2011-2018 AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT 48,763 43,246 Total real estate assets and lease intangibles held for investment, net $ 211,108 $ 234,534 (1) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019. (2) Property held for sale as of December 31, 2017. (3) Pacific Oaks Plaza was sold on December 27, 2018. (4) Yucca Valley Retail Center was sold on December 31, 2018. (5) Port of San Diego Complex was sold on December 20, 2018.
Office/Industrial and Retail Properties [Member]
Summary of Future Minimum Rental Revenues under Existing Leases	The Company’s commercial properties are leased to tenants under non-cancelable operating leases for which terms and expirations vary. Future minimum rental revenues under existing leases on Office/Industrial and Retail Properties as of December 31, 2018 are expected to be as follows: 2019 $ 16,810,794 2020 14,429,223 2021 10,649,516 2022 7,425,332 2023 4,178,058 Thereafter 4,615,807 Totals $ 58,108,730
Model Home Properties [Member]
Summary of Future Minimum Rental Revenues under Existing Leases	The Company generally rents Model Home Properties to homebuilders under non-cancelable lease agreements with a term of 18 months with an option to extend in six month increments. Future minimum rental revenues under existing leases on Model Home Properties as of December 31, 2018 are expected to be as follows: 2019 $ 2,716,596 2020 1,421,568 $ 4,138,164

Lease Intangibles (Tables)

Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Net Value of Other Intangible Assets	Lease intangibles consist of the following: December 31, 2018 December 31, 2017 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 4,958,477 $ (3,467,781 ) $ 1,490,696 $ 4,958,477 $ (2,899,042 ) $ 2,059,435 Leasing costs 3,628,080 (2,405,514 ) 1,222,566 3,628,080 (1,990,154 ) 1,637,926 Above-market leases 439,878 (291,666 ) 148,212 510,237 (293,146 ) 217,091 $ 9,026,435 $ (6,164,961 ) $ 2,861,474 $ 9,096,794 $ (5,182,342 ) $ 3,914,452
Amortization Expense for the Company Lease Intangible Assets	Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: Years ending December 31: 2019 $ 876,667 2020 687,974 2021 488,320 2022 360,116 2023 173,785 Thereafter 274,612 Total $ 2,861,474

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Other Assets [Abstract]
Other Assets	Other assets consist of the following: December 31, December 31, 2018 2017 Deferred rent receivable $ 2,883,581 $ 3,227,700 Prepaid expenses, deposits and other 407,106 1,410,363 Tenant receivable, net 2,845,314 1,108,110 Raw land 900,000 900,000 Other intangibles, net 293,832 374,733 Notes receivable 316,374 316,374 Total other assets $ 7,646,207 $ 7,337,280

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Mortgage Loans On Real Estate [Abstract]
Mortgage Notes Payable	Mortgage notes payable consisted of the following: Principal as of December 31, December 31, Loan Interest Mortgage note property Notes 2018 2017 Type Rate (1) Maturity Port of San Diego Complex (4) $ - $ 9,575,508 Fixed 4.75 % 3/5/2020 Garden Gateway Plaza 6,270,896 6,445,300 Fixed 5.00 % 4/5/2020 World Plaza (9) 3,350,539 - Variable 5.10 % 7/5/2020 West Fargo Industrial 4,292,809 4,365,449 Fixed 4.79 % 9/6/2020 Morena Office Center (2) 1,567,358 2,156,479 Fixed 4.30 % 6/1/2021 Waterman Plaza 3,369,960 3,850,365 Fixed 5.78 % 4/29/2021 Pacific Oaks Plaza (6) - 1,466,351 Fixed 4.30 % 6/1/2021 300 N.P. 2,348,443 2,380,703 Fixed 4.95 % 6/11/2022 Highland Court 6,568,320 6,695,541 Fixed 3.82 % 9/1/2022 Dakota Center 10,314,520 10,492,904 Fixed 4.74 % 7/6/2024 Union Terrace 6,354,153 6,454,448 Fixed 4.50 % 9/5/2024 The Presidio 5,992,905 6,000,000 Fixed 4.54 % 12/1/2021 Centennial Tech Center 9,745,811 9,908,235 Fixed 4.43 % 1/5/2024 Research Parkway 1,864,139 1,909,012 Fixed 3.94 % 1/5/2025 Arapahoe Center 8,233,567 8,364,088 Fixed 4.34 % 1/5/2025 Union Town Center 8,440,000 8,440,000 Fixed 4.28 % 1/5/2025 Yucca Valley Retail Center (7) - 6,000,000 Fixed 4.31 % 4/11/2025 Executive Office Park (8) 4,947,808 4,151,161 Fixed 4.83 % 6/1/2027 Genesis Plaza 6,476,032 6,500,000 Fixed 4.71 % 8/25/2025 One Park Centre 6,585,922 6,610,000 Fixed 4.77 % 9/5/2025 Shea Center II 17,727,500 17,727,500 Fixed 4.92 % 1/5/2026 Grand Pacific Center (3) 3,961,304 4,057,752 Fixed 4.02 % 8/1/2037 Office/Industrial and Retail Properties $ 118,411,986 $ 133,550,796 Model Home Properties 32,728,930 28,454,883 Fixed (5) 2019-2020 Mortgage Notes Payable $ 151,140,916 $ 162,005,679 Unamortized loan costs (1,426,740 ) (1,682,942 ) Mortgage Notes Payable held for investment, net $ 149,714,176 $ 160,322,737 (1) Interest rates as of December 31, 2018 (2) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019. (3) Interest rate is subject to reset on September 1, 2023. (4) Port of San Diego Complex was sold on December 20, 2018. (5) Each Model Home has a stand-alone mortgage note at interest rates ranging from 3.8% to 5.6% (at December 31, 2018 ). (6) Pacific Oaks Plaza was sold on December 27, 2018. (7) Yucca Valley Retail Center was sold on December 31, 2018. (8) The loan was refinanced to a new loan on June 1, 2018. (9) Interest on this loan is ABR + 0.75% and LIBOR plus 2.75%. For the year-ended December 31, 2018, the weighted average interest rate was 4.97%.
Scheduled Principal Payments of Mortgage Notes Payable	Scheduled principal payments of mortgage notes payable are as follows: Office/Industrial and Retail Model Home Properties Principal Years ending December 31: Notes Notes Payable Payments 2019 $ 3,456,829 $ 9,945,470 $ 13,402,299 2020 15,231,332 11,595,332 $ 26,826,664 2021 10,749,691 11,188,128 $ 21,937,819 2022 10,055,657 - $ 10,055,657 2023 10,928,130 - $ 10,928,130 Thereafter 67,990,347 - $ 67,990,347 Total $ 118,411,986 $ 32,728,930 $ 151,140,916

Share Based Incentive Plan (Tab

Share Based Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested Restricted Stock	A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2017 162,127 Granted 146,777 Forfeited (16,027 ) Vested (53,565 ) Balance at December 31, 2018 239,312

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Net Operating Income by Segment	The following tables reconcile the Company’s segment activity to its results of operations and financial position as of and for the years ended December 31, 2018 and 2017, respectively. For the Year Ended December 31, 2018 2017 Office/Industrial Properties: Rental income $ 24,037,363 $ 25,140,525 Property and related expenses (9,494,885 ) (9,263,556 ) Net operating income, as defined 14,542,478 15,876,969 Model Home Properties: Rental income 4,642,159 3,899,570 Property and related expenses (174,238 ) (154,206 ) Net operating income, as defined 4,467,921 3,745,364 Retail Properties: Rental income 3,664,491 4,334,047 Property and related expenses (1,217,596 ) (1,305,702 ) Net operating income, as defined 2,446,895 3,028,345 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 21,457,294 22,650,678 General and administrative expenses (4,532,703 ) (5,200,592 ) Depreciation and amortization (9,101,605 ) (9,710,265 ) Interest expense (13,041,016 ) (12,954,079 ) Interest income 55,909 30,287 Gain on sale of real estate 12,200,138 2,623,469 Deferred offering cost (1,507,599 ) - Impairment of real estate (532,951 ) - Acquisition costs (26,177 ) (72,897 ) Income tax expense (518,567 ) (208,681 ) Net income (loss ) $ 4,452,723 $ (2,842,080 )
Reconciliation of Assets by Segment to Total Assets	December 31, December 31, Assets by Reportable Segment: 2018 2017 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 138,694,773 $ 160,422,468 Total assets (2) $ 143,620,315 $ 163,041,049 Model Home Properties: Land, buildings and improvements, net (1) $ 48,762,869 $ 43,245,832 Total assets (2) $ 48,864,060 $ 44,782,943 Retail Properties: Land, buildings and improvements, net (1) $ 23,650,423 $ 30,865,644 Total assets (2) $ 27,702,384 $ 32,534,890 Reconciliation to Total Assets: Total assets for reportable segments $ 220,186,759 $ 240,358,882 Other unallocated assets: Cash and cash equivalents 9,776,215 8,310,575 Other assets, net 3,087,066 5,827,408 Total Assets $ 233,050,040 $ 254,496,865 (1) Includes lease intangibles and the land purchase option related to property acquisitions. (2) Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis.
Reconciliation of Capital Expenditures by Segment to Total Real Estate Investments	Capital Expenditures by Reportable Segment For the Year Ended December 31, 2018 2017 Office/Industrial Properties: Capital expenditures and tenant improvements $ 3,340,023 $ 3,418,722 Model Home Properties: Acquisition of operating properties 17,326,915 17,560,745 Retail Properties: Capital expenditures and tenant improvements 19,260 203,002 Totals: Acquisition of operating properties, net 17,326,915 17,560,745 Capital expenditures and tenant improvements 3,359,283 3,621,724 Total real estate investments $ 20,686,198 $ 21,182,469

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details) $ in Millions	Aug. 01, 2019USD ($)shares	Dec. 31, 2018USD ($)CounterpartySegmentTenantshares	Dec. 31, 2017shares	Oct. 31, 2017Property
Organization And Basis Of Presentation [Line Items]
Number of property own that have partial interest | Property				1
Number of limited partnerships in which the company is sole General Partner | Counterparty		2
Key provisions of operating or partnership agreement, description		The following partnership activity occurred during the periods covered by these consolidated financial statements:The Company is the sole General Partner in two consolidated limited partnerships (NetREIT Palm Self-Storage LP and NetREIT Casa Grande LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “NetREIT Partnerships”.The Company is a limited partner in four partnerships and one limited liability corporation that purchase and leaseback model homes from developers (“Dubose Model Homes Investors #202, LP”, “Dubose Model Homes Investors #203, LP, “Dubose Model Homes Investors #204, LP, and “NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Entities”. The Company has determined that the entities described above, where it owns less than 100%, should be included in the Company’s consolidated financial statements as the Company directs their activities and holds a non-controlling interest in these limited partnerships through the Company.
Number of partnerships that purchase and leaseback model homes from developers in which the company is a limited partner | Counterparty		4
Number of limited liability corporation that purchase and leaseback model homes from developers in which the company is a limited partner | Counterparty		1
Mortgage notes payable | $		$ 9.9
Mortgage notes payable maturing year		2019
Number of reportable segments | Segment		3
Customer Concentration Risk | Rental Income [Member]
Organization And Basis Of Presentation [Line Items]
Number of tenant | Tenant		1
Concentration risk, percentage		5.70%
Redeemable Convertible Preferred Stock Series B [Member]
Organization And Basis Of Presentation [Line Items]
Number of shares redeemed | shares		13,800	2,000
Redeemable preferred stock | $		$ 16.9
Redeemable Convertible Preferred Stock Series B [Member] | Scenario Forecast [Member]
Organization And Basis Of Presentation [Line Items]
Number of shares redeemed | shares	16,900
Redeemable preferred stock | $	$ 16.9
Partial Interest Properties
Organization And Basis Of Presentation [Line Items]
Number of commercial properties own in fee interest | Property				18

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Real Estate Asset Acquisitions [Abstract]
Amortization of above and below market rents	$ 826,000	$ 207,000
Remaining term of in-place leases (in years)	10 years
Amortization expense related to in-place leases, unamortized lease origination costs and tenant relationships	$ 569,000	929,000
Asset impairment charge	532,951
Intangible Assets [Abstract]
Impairment of definite lived assets	415,000	590,000
Impairment of indefinite lived assets	0	0
Impairment of goodwill	0	0
Depreciation and Amortization of Buildings and Improvements [Abstract]
Depreciation expense	9,100,000	9,700,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Deposits in financial institutions that exceeded the federally insurable limits	9,100,000
Cash balances may exceed federally insured limit	250,000
Loss on federal deposit insurance corporation	0
Tenant Receivables [Abstract]
Allowance for uncollectible accounts	60,300	26,000
Deferred Leasing Costs [Abstract]
Net deferred leasing costs	2,097,000	1,892,000
Amortization of deferred leasing costs	510,000	550,000
Deferred Financing Costs [Abstract]
Unamortized deferred financing costs	1,427,000	1,683,000
Amortization of financing costs	$ 675,087	$ 1,090,853
Income Tax Uncertainties [Abstract]
Income Tax Examination Description	We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the “Code”), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership
Percentage of distributed taxable income to qualify as REIT	90.00%
Loss Per Common Share [Abstract]
Basic and diluted net income (loss) per share	$ 0.19	$ (0.20)
Anti-dilutive shares included in computation of diluted earnings per share	733,944
Anti-dilutive shares excluded from computation of diluted earnings per share		656,758
Federal [Member]
Income Tax Uncertainties [Abstract]
Net operating losses carry-forwards	$ 77,500,000
Mortgage Payable
Deferred Financing Costs [Abstract]
Amortization of financing costs	529,000	$ 461,000
Series B Preferred Stock [Member]
Deferred Financing Costs [Abstract]
Unamortized deferred financing costs	122,000	115,000
Series B Preferred Stock [Member] | Mortgage Payable
Deferred Financing Costs [Abstract]
Amortization of financing costs	$ 147,000	630,000
Building and Building Improvements [Member]
Depreciation and Amortization of Buildings and Improvements [Abstract]
Estimated useful life	39 years
Assets Leased to Others [Member] | Minimum [Member]
Depreciation and Amortization of Buildings and Improvements [Abstract]
Estimated useful life	1 year
Assets Leased to Others [Member] | Maximum [Member]
Depreciation and Amortization of Buildings and Improvements [Abstract]
Estimated useful life	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Depreciation and Amortization of Buildings and Improvements [Abstract]
Estimated useful life	4 years
Furniture and Fixtures [Member] | Maximum [Member]
Depreciation and Amortization of Buildings and Improvements [Abstract]
Estimated useful life	5 years
Waterman Plaza [Member]
Real Estate Asset Acquisitions [Abstract]
Asset impairment charge	$ 533,000	$ 0

Recent Real Estate Transactio_3

Recent Real Estate Transactions (Disposals of Properties) (Details)	1 Months Ended			12 Months Ended
	Apr. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Feb. 28, 2017USD ($)	Dec. 31, 2018USD ($)Property	Dec. 31, 2017USD ($)Property	Oct. 31, 2017Property
Real Estate Properties [Line Items]
Number of properties | Property						1
Disposed of real estate assets with net carrying value				$ 34,900,000
Gain on sale of real estate assets				12,200,138	$ 2,623,469
Residential Properties [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property				12,600,000	9,800,000
Gain (loss) on sale of property				$ 988,000	$ 735,000
Number of properties | Property				33	23
Residential Properties [Member] | Port of San Diego Complex [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property				$ 24,800,000
Gain (loss) on sale of property				10,000,000
Residential Properties [Member] | Yucca Valley Retail Center [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property				7,800,000
Gain (loss) on sale of property				1,400,000
Residential Properties [Member] | Pacific Oaks Plaza [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property				3,900,000
Gain (loss) on sale of property				$ (232,000)
Residential Properties [Member] | Shoreline Medical Building [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property	$ 8,200,000
Gain (loss) on sale of property	$ 1,300,000
Residential Properties [Member] | Regatta Square Retail Center [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property		$ 3,000,000
Gain (loss) on sale of property		$ 756,000
Residential Properties [Member] | Rangewood Medical Office Building [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property			$ 2,200,000
Gain (loss) on sale of property			$ 170,000
Residential Properties [Member] | Forty-Five Dubose Model Homes [Member]
Real Estate Properties [Line Items]
Number of properties | Property				45
Total purchase price of property acquired				$ 17,326,915

Recent Real Estate Transactio_4

Recent Real Estate Transactions (Acquisitions of Properties) (Details) - Residential Properties [Member] - Forty-Five Dubose Model Homes [Member]	Dec. 31, 2018USD ($)
Allocated Purchase Price of Properties Acquired [Abstract]
Land	$ 2,871,611
Buildings and Other	14,455,304
Total purchase price	$ 17,326,915

Real Estate Assets (Properties)

Real Estate Assets (Properties) (Details)	12 Months Ended
	Dec. 31, 2018ft²Property	Oct. 31, 2017Property
Real Estate And Accumulated Depreciation [Line Items]
Number of properties		1
Industrial Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Number of properties	1
Single Family Homes [Member]
Real Estate And Accumulated Depreciation [Line Items]
Term of non-cancelable lease agreements	18 months
Term of option to extend lease agreements	6 months
Description for option to extend lease agreements	six month increments
Office Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Number of properties	14
Office/Industrial Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Rentable square feet | ft²	1,300,653
Retail Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Number of properties	4
Rentable square feet | ft²	131,010
Residential Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Number of properties	144
Number of Limited Liability Companies	1

Real Estate Assets (Summary of

Real Estate Assets (Summary of Properties Owned) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned		$ 211,108	$ 234,534
Garden Gateway Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Mar. 1, 2007
Location		Colorado Springs, Colorado
Real Estate Assets Owned		$ 11,166	11,434
World Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Sep. 1, 2007
Location		San Bernardino, California
Real Estate Assets Owned		$ 6,180	5,743
Executive Office Park [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Jul. 1, 2008
Location		Colorado Springs, Colorado
Real Estate Assets Owned		$ 7,976	8,076
Waterman Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2008
Location		San Bernardino, California
Real Estate Assets Owned		$ 4,977	5,624
Pacific Oaks Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	[1],[2]	Sep. 1, 2008
Location	[1],[2]	Escondido, California
Real Estate Assets Owned	[1],[2]		4,040
Morena Office Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	[3]	Jan. 1, 2009
Location	[3]	San Diego, California
Real Estate Assets Owned	[3]	$ 4,716	4,870
Genesis Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2010
Location		San Diego, California
Real Estate Assets Owned		$ 8,449	8,609
Union Terrace [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2014
Location		Lakewood, Colorado
Real Estate Assets Owned		$ 7,983	8,287
Dakota Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		May 1, 2011
Location		Fargo, North Dakota
Real Estate Assets Owned		$ 9,139	9,635
Yucca Valley Retail Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	[2],[4]	Sep. 1, 2011
Location	[2],[4]	Yucca Valley, California
Real Estate Assets Owned	[2],[4]		6,605
Arapahoe Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Dec. 1, 2014
Location		Centennial, Colorado
Real Estate Assets Owned		$ 10,251	10,638
Port of San Diego Complex [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	[2],[5]	Dec. 1, 2011
Location	[2],[5]	San Diego, California
Real Estate Assets Owned	[2],[5]		13,888
The Presidio [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Nov. 1, 2012
Location		Aurora, Colorado
Real Estate Assets Owned		$ 6,499	6,415
Grand Pacific Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Mar. 1, 2014
Location		Bismarck, North Dakota
Real Estate Assets Owned		$ 5,814	5,854
Centennial Tech Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Dec. 1, 2014
Location		Colorado Springs, Colorado
Real Estate Assets Owned		$ 12,960	13,431
Union Town Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Dec. 1, 2014
Location		Colorado Springs, Colorado
Real Estate Assets Owned		$ 9,904	10,209
West Fargo Industrial [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2015
Location		Fargo, North Dakota
Real Estate Assets Owned		$ 7,243	7,455
300 N.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2015
Location		Fargo, North Dakota
Real Estate Assets Owned		$ 3,543	3,636
Research Parkway [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2015
Location		Colorado Springs, Colorado
Real Estate Assets Owned		$ 2,589	2,686
One Park Centre [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2015
Location		Westminster, Colorado
Real Estate Assets Owned		$ 8,453	8,514
Highland Court [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Aug. 1, 2015
Location		Centennial, Colorado
Real Estate Assets Owned		$ 11,845	12,287
Shea Center II [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Dec. 1, 2015
Location		Highlands Ranch, Colorado
Real Estate Assets Owned		$ 22,658	23,352
Office/Industrial Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned		162,345	191,288
Model Home Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned		$ 48,763	$ 43,246
Model Home Properties [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Jan. 1, 2011
Model Home Properties [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired		Jan. 1, 2018
[1]	Pacific Oaks Plaza was sold on December 27, 2018.
[2]	Property held for sale as of December 31, 2017.
[3]	Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019.
[4]	Yucca Valley Retail Center was sold on December 31, 2018.
[5]	Port of San Diego Complex was sold on December 20, 2018.

Real Estate Assets (Summary o_2

Real Estate Assets (Summary of Properties Owned) (Parenthetical) (Details) - USD ($)	Jan. 15, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation [Line Items]
Real estate asset sold		$ 40,023,572	$ 23,464,380
Morena Office Center [Member] | Subsequent Event [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real estate asset sold	$ 5,600,000

Real Estate Assets (Summary o_3

Real Estate Assets (Summary of Future Minimum Rental Revenues under Existing Leases on Office/Industiral and Retail Propierties) (Details) - Office/Industrial and Retail Properties [Member]	Dec. 31, 2018USD ($)
Operating Leased Assets [Line Items]
2019	$ 16,810,794
2020	14,429,223
2021	10,649,516
2022	7,425,332
2023	4,178,058
Thereafter	4,615,807
Totals	$ 58,108,730

Real Estate Assets (Summary o_4

Real Estate Assets (Summary of Future Minimum Rental Revenues under Existing Leases on Model Home Properties) (Details) - Model Home Properties [Member]	Dec. 31, 2018USD ($)
Operating Leased Assets [Line Items]
2019	$ 2,716,596
2020	1,421,568
Totals	$ 4,138,164

Lease Intangibles (Net Value of

Lease Intangibles (Net Value of Other Intangible Assets and Amortization by Class) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Lease intangibles	$ 9,026,435	$ 9,096,794
Accumulated amortization	(6,164,961)	(5,182,342)
Lease intangibles, net	2,861,474	3,914,452
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	4,958,477	4,958,477
Accumulated amortization	(3,467,781)	(2,899,042)
Lease intangibles, net	1,490,696	2,059,435
Leasing Cost [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	3,628,080	3,628,080
Accumulated amortization	(2,405,514)	(1,990,154)
Lease intangibles, net	1,222,566	1,637,926
Above Market Leases [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	439,878	510,237
Accumulated amortization	(291,666)	(293,146)
Lease intangibles, net	$ 148,212	$ 217,091

Lease Intangibles - Additional

Lease Intangibles - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Below-market leases, net	$ 495,927	$ 1,390,372
Weighted average [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period	3 years 7 months 6 days

Lease Intangibles (Amortization

Lease Intangibles (Amortization Expense for the Company Lease Intangible Assets) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
2019	$ 876,667
2020	687,974
2021	488,320
2022	360,116
2023	173,785
Thereafter	274,612
Lease intangibles, net	$ 2,861,474	$ 3,914,452

Other Assets (Details)

Other Assets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Other Assets [Line Items]
Raw land	$ 36,615,681	$ 35,482,107
Other intangibles, net	293,832	374,733
Total other assets	7,646,207	7,337,280
Other Assets [Member]
Other Assets [Line Items]
Deferred rent receivable	2,883,581	3,227,700
Prepaid expenses, deposits and other	407,106	1,410,363
Tenant receivable, net	2,845,314	1,108,110
Raw land	900,000	900,000
Notes receivable	$ 316,374	$ 316,374

Mortgage Notes Payable (Details

Mortgage Notes Payable (Details) - USD ($)		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Mortgage notes payable		$ 151,140,916	$ 162,005,679
Unamortized loan costs		(1,426,740)	(1,682,942)
Mortgage notes payable, net		$ 149,714,176	160,322,737
Port of San Diego Complex [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[1]		9,575,508
Fixed interest rate on mortgage (in hundredths)	[1],[2]	4.75%
Maturity date	[1]	Mar. 5, 2020
Garden Gateway Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,270,896	6,445,300
Fixed interest rate on mortgage (in hundredths)	[2]	5.00%
Maturity date		Apr. 5, 2020
World Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[3]	$ 3,350,539
Maturity date	[3]	Jul. 5, 2020
Variable interest rate on mortgage (in hundredths)	[2],[3]	5.10%
West Fargo Industrial [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 4,292,809	4,365,449
Fixed interest rate on mortgage (in hundredths)	[2]	4.79%
Maturity date		Sep. 6, 2020
Morena Office Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[4]	$ 1,567,358	2,156,479
Fixed interest rate on mortgage (in hundredths)	[2],[4]	4.30%
Maturity date	[4]	Jun. 1, 2021
Waterman Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 3,369,960	3,850,365
Fixed interest rate on mortgage (in hundredths)	[2]	5.78%
Maturity date		Apr. 29, 2021
Pacific Oaks Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[5]		1,466,351
Fixed interest rate on mortgage (in hundredths)	[2],[5]	4.30%
Maturity date	[5]	Jun. 1, 2021
300 N.P. [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 2,348,443	2,380,703
Fixed interest rate on mortgage (in hundredths)	[2]	4.95%
Maturity date		Jun. 11, 2022
Highland Court [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,568,320	6,695,541
Fixed interest rate on mortgage (in hundredths)	[2]	3.82%
Maturity date		Sep. 1, 2022
Dakota Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 10,314,520	10,492,904
Fixed interest rate on mortgage (in hundredths)	[2]	4.74%
Maturity date		Jul. 6, 2024
Union Terrace [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,354,153	6,454,448
Fixed interest rate on mortgage (in hundredths)	[2]	4.50%
Maturity date		Sep. 5, 2024
The Presidio [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 5,992,905	6,000,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.54%
Maturity date		Dec. 1, 2021
Centennial Tech Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 9,745,811	9,908,235
Fixed interest rate on mortgage (in hundredths)	[2]	4.43%
Maturity date		Jan. 5, 2024
Arapahoe Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 8,233,567	8,364,088
Fixed interest rate on mortgage (in hundredths)	[2]	4.34%
Maturity date		Jan. 5, 2025
Research Parkway [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 1,864,139	1,909,012
Fixed interest rate on mortgage (in hundredths)	[2]	3.94%
Maturity date		Jan. 5, 2025
Union Town Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 8,440,000	8,440,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.28%
Maturity date		Jan. 5, 2025
Yucca Valley Retail Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[6]		6,000,000
Fixed interest rate on mortgage (in hundredths)	[2],[6]	4.31%
Maturity date	[6]	Apr. 11, 2025
Executive Office Park [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[7]	$ 4,947,808	4,151,161
Fixed interest rate on mortgage (in hundredths)	[2],[7]	4.83%
Maturity date	[7]	Jun. 1, 2027
Genesis Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,476,032	6,500,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.71%
Maturity date		Aug. 25, 2025
One Park Centre [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,585,922	6,610,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.77%
Maturity date		Sep. 5, 2025
Shea Center II [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 17,727,500	17,727,500
Fixed interest rate on mortgage (in hundredths)	[2]	4.92%
Maturity date		Jan. 5, 2026
Grand Pacific Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[8]	$ 3,961,304	4,057,752
Fixed interest rate on mortgage (in hundredths)	[2],[8]	4.02%
Maturity date	[8]	Aug. 1, 2037
Office/Industrial and Retail Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 118,411,986	133,550,796
Model Home Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 32,728,930	$ 28,454,883
Model Home Properties [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredths)		3.80%
Maturity date		Jan. 1, 2019
Model Home Properties [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredths)		5.60%
Maturity date		Jan. 1, 2020
[1]	Port of San Diego Complex was sold on December 20, 2018.
[2]	Interest rates as of December 31, 2018.
[3]	Interest on this loan is ABR + 0.75% and LIBOR plus 2.75%. For the year-ended December 31, 2018, the weighted average interest rate was 4.97%.
[4]	Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019.
[5]	Pacific Oaks Plaza was sold on December 27, 2018.
[6]	Yucca Valley Retail Center was sold on December 31, 2018.
[7]	The loan was refinanced to a new loan on June 1, 2018.
[8]	Interest rate is subject to reset on September 1, 2023.

Mortgage Notes Payable (Parenth

Mortgage Notes Payable (Parenthetical) (Details) - USD ($)		Jan. 15, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Real estate asset sold			$ 40,023,572	$ 23,464,380
Morena Office Center [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredth)	[1],[2]		4.30%
Morena Office Center [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Real estate asset sold		$ 5,600,000
Grand Pacific Center [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms			Interest rate is subject to reset on September 1, 2023.
Fixed interest rate on mortgage (in hundredth)	[1],[3]		4.02%
Model Home Properties [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredth)			3.80%
Model Home Properties [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredth)			5.60%
World Plaza [Member]
Debt Instrument [Line Items]
Debt instrument, variable interest rate basis			LIBOR
Weighted average interest rate			4.97%
World Plaza [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Variable interest rate on mortgage (in hundredth)			2.75%
World Plaza [Member] | ABR [Member]
Debt Instrument [Line Items]
Variable interest rate on mortgage (in hundredth)			0.75%
[1]	Interest rates as of December 31, 2018.
[2]	Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019.
[3]	Interest rate is subject to reset on September 1, 2023.

Mortgage Notes Payable (Schedul

Mortgage Notes Payable (Scheduled Principal Payments of Mortgage Notes Payable) (Details)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
2019	$ 13,402,299
2020	26,826,664
2021	21,937,819
2022	10,055,657
2023	10,928,130
Thereafter	67,990,347
Total	151,140,916
Office/Industrial Properties [Member]
Debt Instrument [Line Items]
2019	3,456,829
2020	15,231,332
2021	10,749,691
2022	10,055,657
2023	10,928,130
Thereafter	67,990,347
Total	118,411,986
Model Home Properties [Member]
Debt Instrument [Line Items]
2019	9,945,470
2020	11,595,332
2021	11,188,128
Total	$ 32,728,930

Series B Mandatorily Redeemab_2

Series B Mandatorily Redeemable Preferred Stock (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Aug. 31, 2014	Jun. 30, 2017	Dec. 31, 2018	Dec. 31, 2017
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Preferred stock extend redemption date		Aug. 1, 2019
Preferred stock redemption extension fee paid		$ 153,500
Interest expense			$ 13,041,016	$ 12,954,079
Total unamortized deferred stock costs			$ 1,427,000	$ 1,683,000
Redeemable Convertible Preferred Stock Series B [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Proceeds from private placement offering	$ 40,000,000
Preferred stock shares outstanding (in shares)			16,900	30,700
Preferred stock shares issued (in shares)	400,000		16,900	30,700
Preferred stock, par or stated value (in dollars per share)			$ 0.01	$ 0.01
Liquidation preference per share (in dollars per share)			$ 1,000	$ 1,000
Financial instruments subject to mandatory redemption, dividend yield on funds invested			14.00%
Deferred financing costs			$ 3,100,000
Interest expense			147,000	$ 630,000
Total unamortized deferred stock costs			$ 122,000	$ 115,000
Number of shares redeemed			13,800	2,000
Number of shares redeemed, value			$ 13,800,000	$ 2,000,000
Redeemable preferred stock			$ 16,900,000

Stockholders' Equity (Common an

Stockholders' Equity (Common and Preferred Stock) (Details)	12 Months Ended
	Dec. 31, 2018Vote$ / sharesshares	Dec. 31, 2017$ / sharesshares	Dec. 31, 2011$ / sharesshares
Private Placement [Member]
Common Stock [Abstract]
Common stock shares issued (in shares)			20,000,000
Sale of Stock, Price Per Share | $ / shares			$ 10
Sale Of Stock Nature Of Consideration Received Per Transaction	The Company ceased raising capital under this private placement offering effective December 31, 2011.
Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred shares authorized (in shares)	8,990,000
Preferred shares issued (in shares)	0
Convertible Series AA Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred shares authorized (in shares)	1,000,000
Annual cash dividend rate (in hundredths)	7.00%
Liquidation preference per share (in dollars per share) | $ / shares	$ 25
Initial conversion price (in dollars per share) | $ / shares	$ 25
Total number of common shares issuable upon conversion of outstanding shares of preferred stock (in shares)	2
Preferred shares issued (in shares)	0
Common Class A [Member]
Common Stock [Abstract]
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Common stock shares issued (in shares)	17,721,422	17,667,857
Number of votes holder is entitled to | Vote	1
Maximum individual common stock ownership (in hundredths)	9.80%
Common Class B [Member]
Common Stock [Abstract]
Common stock, shares authorized (in shares)	1,000
Par value (in dollars per share) | $ / shares	$ 0.01
Common stock shares issued (in shares)	0
Number of votes holder is entitled to | Vote	1
Maximum individual common stock ownership (in hundredths)	9.80%

Stockholders' Equity (Dividends

Stockholders' Equity (Dividends) (Details) - USD ($)	Jan. 23, 2012	Mar. 22, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Dividends [Abstract]
Cash dividends paid			$ 0
Cash dividends paid, net of reinvested stock dividends				$ 3,621,000
Annualized dividend rate (in dollars per share)				$ 0.40
Dividend Reinvestment Plan [Abstract]
Registered shares of common stock pursuant to dividend reinvestment plan (in shares)	3,000,000
Percentage of purchase price per share (in hundredths)	95.00%
Former sales price per share (in dollars per share)	$ 10
Payment of sales commission or dealer manager fee	$ 0
Notice period for amendments to Dividend Reinvestment Plan			30 days
Dividend reinvestments			$ 0
Common stock issued under dividend reinvestment plan			$ 17,424,399
Common stock issued under dividend reinvestment plan (in shares)			1,834,147
Subsequent Event [Member]
Cash Dividends [Abstract]
Cash dividends paid		$ 1,075,000
Annualized dividend rate (in dollars per share)		$ 0.06

Share-Based Incentive Plan - Ad

Share-Based Incentive Plan - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2006	Dec. 31, 2018	Dec. 31, 2017
Share-Based Incentive Plan [Abstract]
Value of granted nonvested restricted stock issued		$ 2,058,000	$ 1,390,000
Compensation expense		$ 461,000	$ 559,000
Non Vested Restricted Shares | Minimum [Member]
Share-Based Incentive Plan [Abstract]
Vesting period		1 year
Non Vested Restricted Shares | Maximum [Member]
Share-Based Incentive Plan [Abstract]
Vesting period		10 years
Restricted Stock Plan [Member] | Restricted Stock [Member] | Private Placement [Member]
Share-Based Incentive Plan [Abstract]
Offering price (in dollars per share)	$ 8.60	$ 10
Restricted Stock Plan [Member] | Restricted Stock [Member] | Minimum [Member]
Share-Based Incentive Plan [Abstract]
Vesting period		3 years
Restricted Stock Plan [Member] | Restricted Stock [Member] | Maximum [Member]
Share-Based Incentive Plan [Abstract]
Vesting period		10 years

Share-Based Incentive Plan (Non

Share-Based Incentive Plan (Non-vested Restricted Stock) (Details) - Restricted Stock Plan [Member] - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2018shares
Nonvested Restricted Shares [Roll Forward]
Balance, beginning of period (in shares)	162,127
Granted (in shares)	146,777
Forfeited (in shares)	(16,027)
Vested (in shares)	(53,565)
Balance, end of period (in shares)	239,312

Related Party Transaction - Add

Related Party Transaction - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pacific Oaks Plaza [Member] | Chairman and Chief Executive Officer and Another Related Party [Member]
Related Party Transaction [Line Items]
Rent revenue from an entity 100% owned by the Company's Chairman and Chief Executive Officer and another Related Party	$ 36,000	$ 36,000

Segments (Net Operating Income

Segments (Net Operating Income by Segment) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net Operating Income [Abstract]
Rental income	$ 31,141,558	$ 31,832,530
Property and related expenses	(10,886,719)	(10,723,464)
Net operating income, as defined	21,457,294	22,650,678
General and administrative expenses	(4,532,703)	(5,200,592)
Depreciation and amortization	(9,101,605)	(9,710,265)
Interest expense	(13,041,016)	(12,954,079)
Interest income	55,909	30,287
Gain on sale of real estate	12,200,138	2,623,469
Deferred offering costs	(1,507,599)
Impairment of real estate assets	(532,951)
Acquisition costs	(26,177)	(72,897)
Income tax expense	(518,567)	(208,681)
Net income (loss)	4,452,723	(2,842,080)
Office/Industrial Properties [Member]
Net Operating Income [Abstract]
Rental income	24,037,363	25,140,525
Property and related expenses	(9,494,885)	(9,263,556)
Net operating income, as defined	14,542,478	15,876,969
Model Home Properties [Member]
Net Operating Income [Abstract]
Rental income	4,642,159	3,899,570
Property and related expenses	(174,238)	(154,206)
Net operating income, as defined	4,467,921	3,745,364
Retail/Mixed Use Properties [Member]
Net Operating Income [Abstract]
Rental income	3,664,491	4,334,047
Property and related expenses	(1,217,596)	(1,305,702)
Net operating income, as defined	$ 2,446,895	$ 3,028,345

Segments (Assets) (Details)

Segments (Assets) (Details) - USD ($)		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net		$ 220,186,759	$ 240,358,882
Cash and cash equivalents		9,776,215	8,310,575	$ 7,387,795
Other assets, net		7,646,207	7,337,280
TOTAL ASSETS		233,050,040	254,496,865
Significant Reconciling Items [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Other assets, net		3,087,066	5,827,408
Office/Industrial Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	138,694,773	160,422,468
TOTAL ASSETS	[2]	143,620,315	163,041,049
Model Home Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	48,762,869	43,245,832
TOTAL ASSETS	[2]	48,864,060	44,782,943
Retail/Mixed Use Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	23,650,423	30,865,644
TOTAL ASSETS	[2]	$ 27,702,384	$ 32,534,890
[1]	Includes lease intangibles and the land purchase option related to property acquisitions.
[2]	Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis.

Segments (Capital Expenditures)

Segments (Capital Expenditures) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	$ 3,359,283	$ 3,621,724
Acquisition of operating properties	17,326,915	17,560,745
Total real estate investments	20,686,198	21,182,469
Office/Industrial Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	3,340,023	3,418,722
Model Home Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties	17,326,915	17,560,745
Retail/Mixed Use Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	$ 19,260	$ 203,002

Schedule III (Real Estate and A

Schedule III (Real Estate and Accumulated Depreciation and Amortization) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2018		Dec. 31, 2017	Dec. 31, 2016
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 151,142,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		37,917,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		202,335,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		240,252,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		32,369,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		37,951,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		186,389,000
SEC Schedule III, Real Estate, Gross, Total		256,709,000
Real Estate Accumulated Depreciation & Depreciation		43,567,809	[1]	$ 40,012,255	$ 36,311,485
Mortgage Loans on Real Estate, Write-down or Reserve, Amount		2,033,000
SEC Schedule III, Real Estate Investment Property, Net, Total		211,108,000
Office/Industrial Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		101,388,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		23,622,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		136,996,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		160,618,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		29,825,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		23,622,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		122,147,000
SEC Schedule III, Real Estate, Gross, Total		175,594,000
Real Estate Accumulated Depreciation & Depreciation	[1]	36,399,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount		500,000
SEC Schedule III, Real Estate Investment Property, Net, Total		138,695,000
Office/Industrial Properties [Member] | Garden Gateway Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		6,271,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		3,035,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		12,091,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		15,126,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		2,721,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		3,035,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		10,833,000
SEC Schedule III, Real Estate, Gross, Total		16,589,000
Real Estate Accumulated Depreciation & Depreciation	[1]	5,423,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 11,166,000
Real Estate And Accumulated Depreciation Date Acquired		03/07
Office/Industrial Properties [Member] | Garden Gateway Plaza [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		1982
Office/Industrial Properties [Member] | Garden Gateway Plaza [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2006
Office/Industrial Properties [Member] | Executive Office Park [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 4,948,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,266,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		8,815,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		10,081,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,490,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,266,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		7,880,000
SEC Schedule III, Real Estate, Gross, Total		10,636,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,660,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 7,976,000
Real Estate And Accumulated Depreciation Date Acquired		07/08
Real Estate And Accumulated Depreciation Year Built Or Renovated		2000
Office/Industrial Properties [Member] | Morena Office Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	[2]	$ 1,567,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land	[2]	1,333,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements	[2]	5,203,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total	[2]	6,536,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	[2]	787,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land	[2]	1,333,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements	[2]	5,037,000
SEC Schedule III, Real Estate, Gross, Total	[2]	7,157,000
Real Estate Accumulated Depreciation & Depreciation	[1],[2]	1,941,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount	[2]	500,000
SEC Schedule III, Real Estate Investment Property, Net, Total	[2]	$ 4,716,000
Real Estate And Accumulated Depreciation Date Acquired	[2]	01/09
Real Estate And Accumulated Depreciation Year Built Or Renovated	[2]	1985
Office/Industrial Properties [Member] | Genesis Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 6,476,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,400,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		8,600,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		10,000,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,712,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,400,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		8,007,000
SEC Schedule III, Real Estate, Gross, Total		11,119,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,670,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 8,449,000
Real Estate And Accumulated Depreciation Date Acquired		08/10
Real Estate And Accumulated Depreciation Year Built Or Renovated		1989
Office/Industrial Properties [Member] | Dakota Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 10,315,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		832,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		8,743,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		9,575,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,267,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		832,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		9,823,000
SEC Schedule III, Real Estate, Gross, Total		11,922,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,783,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 9,139,000
Real Estate And Accumulated Depreciation Date Acquired		05/11
Real Estate And Accumulated Depreciation Year Built Or Renovated		1982
Office/Industrial Properties [Member] | The Presidio [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 5,993,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,325,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		5,950,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		7,275,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,962,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,325,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		5,320,000
SEC Schedule III, Real Estate, Gross, Total		8,607,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,108,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 6,499,000
Real Estate And Accumulated Depreciation Date Acquired		11/12
Real Estate And Accumulated Depreciation Year Built Or Renovated		1985
Office/Industrial Properties [Member] | Grand Pacific Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 3,961,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		413,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		4,926,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		5,339,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		714,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		413,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		5,921,000
SEC Schedule III, Real Estate, Gross, Total		7,048,000
Real Estate Accumulated Depreciation & Depreciation	[1]	1,234,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 5,814,000
Real Estate And Accumulated Depreciation Date Acquired		03/14
Real Estate And Accumulated Depreciation Year Built Or Renovated		1976
Office/Industrial Properties [Member] | Union Terrace [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 6,354,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,717,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		7,708,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		9,425,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		3,246,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,717,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		5,749,000
SEC Schedule III, Real Estate, Gross, Total		10,712,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,729,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 7,983,000
Real Estate And Accumulated Depreciation Date Acquired		08/14
Real Estate And Accumulated Depreciation Year Built Or Renovated		1982
Office/Industrial Properties [Member] | Centennial Tech Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 9,746,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		2,025,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		13,475,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		15,500,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		3,250,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		2,025,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		10,545,000
SEC Schedule III, Real Estate, Gross, Total		15,820,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,860,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 12,960,000
Real Estate And Accumulated Depreciation Date Acquired		12/14
Real Estate And Accumulated Depreciation Year Built Or Renovated		1999
Office/Industrial Properties [Member] | Arapahoe Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 8,234,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,420,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		10,430,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		11,850,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		2,076,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,420,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		8,844,000
SEC Schedule III, Real Estate, Gross, Total		12,340,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,089,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 10,251,000
Real Estate And Accumulated Depreciation Date Acquired		12/14
Real Estate And Accumulated Depreciation Year Built Or Renovated		2000
Office/Industrial Properties [Member] | West Fargo Industrial [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 4,293,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,693,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		6,207,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		7,900,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		352,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,693,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		6,052,000
SEC Schedule III, Real Estate, Gross, Total		8,097,000
Real Estate Accumulated Depreciation & Depreciation	[1]	854,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 7,243,000
Real Estate And Accumulated Depreciation Date Acquired		08/15
Office/Industrial Properties [Member] | West Fargo Industrial [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		1998
Office/Industrial Properties [Member] | West Fargo Industrial [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2005
Office/Industrial Properties [Member] | 300 N.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 2,348,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		135,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		3,715,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		3,850,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		317,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		135,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		3,589,000
SEC Schedule III, Real Estate, Gross, Total		4,041,000
Real Estate Accumulated Depreciation & Depreciation	[1]	498,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 3,543,000
Real Estate And Accumulated Depreciation Date Acquired		08/15
Real Estate And Accumulated Depreciation Year Built Or Renovated		1922
Office/Industrial Properties [Member] | Highland Court [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 6,568,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		3,608,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		9,442,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		13,050,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		3,093,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		3,608,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		7,756,000
SEC Schedule III, Real Estate, Gross, Total		14,457,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,612,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 11,845,000
Real Estate And Accumulated Depreciation Date Acquired		08/15
Real Estate And Accumulated Depreciation Year Built Or Renovated		1984
Office/Industrial Properties [Member] | One Park Centre [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 6,586,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,206,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		7,944,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		9,150,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,389,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,206,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		7,366,000
SEC Schedule III, Real Estate, Gross, Total		9,961,000
Real Estate Accumulated Depreciation & Depreciation	[1]	1,508,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 8,453,000
Real Estate And Accumulated Depreciation Date Acquired		08/15
Real Estate And Accumulated Depreciation Year Built Or Renovated		1983
Office/Industrial Properties [Member] | Shea Center II [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 17,728,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		2,214,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		23,747,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		25,961,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		5,449,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		2,214,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		19,425,000
SEC Schedule III, Real Estate, Gross, Total		27,088,000
Real Estate Accumulated Depreciation & Depreciation	[1]	4,430,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 22,658,000
Real Estate And Accumulated Depreciation Date Acquired		12/15
Real Estate And Accumulated Depreciation Year Built Or Renovated		2000
Retail Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 17,025,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		6,206,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		22,950,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		29,156,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		2,544,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		6,239,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		21,853,000
SEC Schedule III, Real Estate, Gross, Total		30,636,000
Real Estate Accumulated Depreciation & Depreciation	[1]	5,453,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount		1,533,000
SEC Schedule III, Real Estate Investment Property, Net, Total		23,650,000
Retail Properties [Member] | World Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		3,351,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,698,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		6,232,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		7,930,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		1,116,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,698,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		6,263,000
SEC Schedule III, Real Estate, Gross, Total		9,077,000
Real Estate Accumulated Depreciation & Depreciation	[1]	2,197,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount		700,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 6,180,000
Real Estate And Accumulated Depreciation Date Acquired		09/07
Real Estate And Accumulated Depreciation Year Built Or Renovated		1974
Retail Properties [Member] | Waterman Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 3,370,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		2,350,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		4,814,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		7,164,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		556,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		2,383,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		4,324,000
SEC Schedule III, Real Estate, Gross, Total		7,263,000
Real Estate Accumulated Depreciation & Depreciation	[1]	1,453,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount		833,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 4,977,000
Real Estate And Accumulated Depreciation Date Acquired		08/08
Real Estate And Accumulated Depreciation Year Built Or Renovated		2008
Retail Properties [Member] | Union Town Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 8,440,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,750,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		9,462,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		11,212,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		713,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,750,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		8,917,000
SEC Schedule III, Real Estate, Gross, Total		11,380,000
Real Estate Accumulated Depreciation & Depreciation	[1]	1,476,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 9,904,000
Real Estate And Accumulated Depreciation Date Acquired		12/14
Real Estate And Accumulated Depreciation Year Built Or Renovated		2003
Retail Properties [Member] | Research Parkway [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 1,864,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		408,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		2,442,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		2,850,000
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements		159,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		408,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		2,349,000
SEC Schedule III, Real Estate, Gross, Total		2,916,000
Real Estate Accumulated Depreciation & Depreciation	[1]	327,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 2,589,000
Real Estate And Accumulated Depreciation Date Acquired		8/15/2016
Real Estate And Accumulated Depreciation Year Built Or Renovated		2003
Model Home [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 32,729,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		8,089,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		42,389,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		50,478,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		8,090,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		42,389,000
SEC Schedule III, Real Estate, Gross, Total		50,479,000
Real Estate Accumulated Depreciation & Depreciation	[1]	1,716,000
SEC Schedule III, Real Estate Investment Property, Net, Total		48,763,000
Model Home [Member] | NetREIT Dubose Model Home REIT, Inc. [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		4,809,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,387,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		7,019,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		8,406,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,387,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		7,020,000
SEC Schedule III, Real Estate, Gross, Total		8,407,000
Real Estate Accumulated Depreciation & Depreciation	[1]	459,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 7,948,000
Real Estate And Accumulated Depreciation Date Acquired		2010-2016
Model Home [Member] | NetREIT Dubose Model Home REIT, Inc. [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2010
Model Home [Member] | NetREIT Dubose Model Home REIT, Inc. [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2016
Model Home [Member] | Dubose Model Home Investors 201 L.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 5,748,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,384,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		7,381,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		8,765,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,385,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		7,381,000
SEC Schedule III, Real Estate, Gross, Total		8,766,000
Real Estate Accumulated Depreciation & Depreciation	[1]	268,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 8,498,000
Real Estate And Accumulated Depreciation Date Acquired		2014-2018
Model Home [Member] | Dubose Model Home Investors 201 L.P. [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2014
Model Home [Member] | Dubose Model Home Investors 201 L.P. [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2018
Model Home [Member] | Dubose Model Home Investors 202, L.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 7,959,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,911,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		10,220,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		12,131,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,911,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		10,220,000
SEC Schedule III, Real Estate, Gross, Total		12,131,000
Real Estate Accumulated Depreciation & Depreciation	[1]	472,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 11,659,000
Real Estate And Accumulated Depreciation Date Acquired		2016-2018
Model Home [Member] | Dubose Model Home Investors 202, L.P. [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2016
Model Home [Member] | Dubose Model Home Investors 202, L.P. [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate And Accumulated Depreciation Year Built Or Renovated		2018
Model Home [Member] | Dubose Model Home Investors 204, L.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 5,449,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,409,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		6,522,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		7,931,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,409,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		6,521,000
SEC Schedule III, Real Estate, Gross, Total		7,930,000
Real Estate Accumulated Depreciation & Depreciation	[1]	94,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 7,836,000
Real Estate And Accumulated Depreciation Date Acquired		2018
Real Estate And Accumulated Depreciation Year Built Or Renovated		2018
Model Home [Member] | NetREIT Model Homes LLC [Member]
Real Estate And Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances		$ 8,764,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land		1,998,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements		11,247,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements, Total		13,245,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land		1,998,000
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements		11,247,000
SEC Schedule III, Real Estate, Gross, Total		13,245,000
Real Estate Accumulated Depreciation & Depreciation	[1]	423,000
SEC Schedule III, Real Estate Investment Property, Net, Total		$ 12,822,000
Real Estate And Accumulated Depreciation Date Acquired		2016
Real Estate And Accumulated Depreciation Year Built Or Renovated		2016
[1]	Depreciation is computed on a straight-line basis using useful lives up to 39 years.
[2]	Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019.

Schedule III (Real Estate and_2

Schedule III (Real Estate and Accumulated Depreciation and Amortization) (Parenthetical) (Details) - USD ($)	Jan. 15, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation [Line Items]
Real estate asset sold		$ 40,023,572	$ 23,464,380
Building and Building Improvements [Member]
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful life		39 years
Morena Office Center [Member] | Subsequent Event [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real estate asset sold	$ 5,600,000

Schedule III (Real Estate and_3

Schedule III (Real Estate and Accumulated Depreciation and Amortization Changes in Period) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017
Real estate
Balance at the beginning of the year	$ 274,546,199		$ 276,833,694
Acquisitions	17,326,915		17,560,745
Improvements	3,359,283		3,616,140
Impairment of real estate assets	(532,951)
Dispositions of real estate	(40,023,572)		(23,464,380)
Balance at the end of the year	254,675,874		274,546,199
Accumulated depreciation and amortization
Balance at the beginning of the year	(40,012,255)		(36,311,485)
Depreciation and amortization expense	(8,452,012)		(9,186,190)
Dispositions of real estate	4,896,458		5,485,420
Balance at the end of the year	$ (43,567,809)	[1]	$ (40,012,255)
[1]	Depreciation is computed on a straight-line basis using useful lives up to 39 years.