Cim Income Nav 10-K 26 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 14, 2019	Jun. 29, 2018
Entity Registrant Name	CIM INCOME NAV, INC.
Entity Central Index Key	0001498542
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 536.7
D Shares Common Stock
Entity Common Stock, Shares Outstanding		19.1
T Shares Common Stock
Entity Common Stock, Shares Outstanding		13.7
S Shares Common Stock
Entity Common Stock, Shares Outstanding		0
I Shares Common Stock
Entity Common Stock, Shares Outstanding		1.1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Real estate assets:
Land	$ 146,675	$ 129,344
Buildings and improvements	652,294	488,741
Intangible lease assets	127,209	93,891
Total real estate assets, at cost	926,178	711,976
Less: accumulated depreciation and amortization	(64,755)	(40,550)
Total real estate assets, net	861,423	671,426
Investment in marketable securities	5,466	5,496
Total real estate assets and marketable securities, net	866,889	676,922
Cash and cash equivalents	3,644	2,923
Restricted cash	806	1
Rents and tenant receivables, net	9,964	7,377
Derivative assets, prepaid expenses, property escrow deposits and other assets	3,404	2,731
Deferred costs, net	1,038	1,359
Due from affiliates	112	100
Assets held for sale	0	8,050
Total assets	885,857	699,463
LIABILITIES AND EQUITY
Credit facility and notes payable, net	354,254	274,830
Accrued expenses and accounts payable	3,812	3,374
Due to affiliates	15,585	21,980
Intangible lease liabilities, net	15,506	12,753
Distributions payable	2,719	2,126
Deferred rental income, derivative liability and other liabilities	4,989	1,930
Total liabilities	396,865	316,993
Commitments and contingencies
Redeemable common stock	58,902	47,024
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Capital in excess of par value	497,581	378,266
Accumulated distributions in excess of earnings	(69,151)	(45,506)
Accumulated other comprehensive income	565	1,657
Total stockholders’ equity	429,324	334,674
Non-controlling interests	766	772
Total equity	430,090	335,446
Total liabilities, redeemable common stock, and equity	885,857	699,463
D Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	189	158
T Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	128	88
I Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	$ 12	$ 11

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized (in shares)	490,000,000
Common stock, shares outstanding (in shares)	40,500,000
D Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	18,942,529	15,837,102
Common stock, shares outstanding (in shares)	18,942,529	15,837,102
T Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	12,777,322	8,793,223
Common stock, shares outstanding (in shares)	12,777,322	8,793,223
I Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	1,159,730	1,065,232
Common stock, shares outstanding (in shares)	1,159,730	1,065,232

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Interest income on marketable securities	$ 134,000	$ 121,000	$ 117,000
Total revenues	70,912,000	48,146,000	27,311,000
Operating expenses:
General and administrative	7,096,000	6,563,000	4,544,000
Property operating	2,798,000	1,740,000	1,090,000
Real estate tax	5,076,000	3,358,000	2,055,000
Advisory fees and expenses	5,858,000	4,910,000	2,760,000
Transaction-related	1,774,000	2,174,000	3,251,000
Depreciation and amortization	27,361,000	18,536,000	9,533,000
Impairment	2,267,000	227,000	0
Total operating expenses	52,230,000	37,508,000	23,233,000
Gain on disposition of real estate, net	1,019,000	0	0
Operating income	19,701,000	10,638,000	4,078,000
Other expense
Interest expense and other, net	(14,506,000)	(10,291,000)	(5,380,000)
Net income (loss)	5,195,000	347,000	(1,302,000)
Net income (loss) allocated to noncontrolling interest	37,000	35,000	(10,000)
Net income (loss) attributable to the Company	5,158,000	312,000	(1,292,000)
D Shares Common Stock
Other expense
Net income (loss) attributable to the Company	$ 3,165,000	$ 242,000	$ (952,000)
Basic and diluted weighted average number of common shares outstanding (shares)	17,606,217	14,374,833	9,986,524
Basic and diluted net income (loss) per common share (in dollars per share)	$ 0.18	$ 0.02	$ (0.10)
T Shares Common Stock
Other expense
Net income (loss) attributable to the Company	$ 1,794,000	$ 45,000	$ (276,000)
Basic and diluted weighted average number of common shares outstanding (shares)	10,769,145	6,590,846	2,713,815
Basic and diluted net income (loss) per common share (in dollars per share)	$ 0.17	$ 0.01	$ (0.10)
I Shares Common Stock
Other expense
Net income (loss) attributable to the Company	$ 199,000	$ 25,000	$ (64,000)
Basic and diluted weighted average number of common shares outstanding (shares)	1,040,969	936,555	718,206
Basic and diluted net income (loss) per common share (in dollars per share)	$ 0.19	$ 0.03	$ (0.09)
Rental income
Revenues:
Rental income	$ 63,710,000	$ 43,670,000	$ 24,574,000
Tenant reimbursement income
Revenues:
Rental income	$ 7,068,000	$ 4,355,000	$ 2,620,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,195	$ 347	$ (1,302)
Other comprehensive (loss) income:
Unrealized holding (loss) gain on marketable securities	(88)	27	44
Reclassification adjustment for realized loss (gain) included in income as other expense	3	(5)	0
Unrealized (loss) gain on interest rate swaps	(750)	1,344	(580)
Amount of (gain) loss reclassified from other comprehensive (loss) income into income as interest expense and other, net	(294)	663	539
Total other comprehensive (loss) income	(1,129)	2,029	3
Comprehensive income (loss)	4,066	2,376	(1,299)
Comprehensive income (loss) allocated to noncontrolling interest	37	35	(10)
Comprehensive income (loss) attributable to the Company	$ 4,029	$ 2,341	$ (1,289)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	D Shares Common Stock	T Shares Common Stock	I Shares Common Stock	Common Stock	Common StockD Shares Common Stock	Common StockT Shares Common Stock	Common StockI Shares Common Stock	Capital in Excess of Par Value	Accumulated Distributions in Excess of Earnings	Accumulated Other Comprehensive Income (Loss)	Parent	Non- Controlling Interests
Balance, shares (in shares) at Dec. 31, 2015						7,825,063	1,371,763	657,624
Balance at Dec. 31, 2015	$ 129,977					$ 78	$ 14	$ 7	$ 140,202	$ (9,949)	$ (375)	$ 129,977	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)						5,418,786	3,181,316	130,646
Issuance of common stock	161,035					$ 55	$ 32	$ 1	160,947			161,035
Distributions declared on common stock — $0.98 per common share	(13,158)									(13,158)		(13,158)
Commissions, dealer manager and ongoing stockholder servicing fees	(9,904)								(9,904)			(9,904)
Other offering costs	(1,192)								(1,192)			(1,192)
Redemptions (in shares)						(782,233)	(103,727)
Redemptions of common stock	(16,136)					$ (8)	$ (1)		(16,127)			(16,136)
Changes in redeemable common stock	(14,109)								(14,109)			(14,109)
Contributions from non-controlling interests	796												796
Comprehensive income (loss)	(1,299)									(1,292)	3	(1,289)	(10)
Balance, shares (in shares) at Dec. 31, 2016						12,461,616	4,449,352	788,270
Balance at Dec. 31, 2016	236,010					$ 125	$ 45	$ 8	259,817	(24,399)	(372)	235,224	786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)						5,206,244	4,661,884	464,022
Issuance of common stock	189,596					$ 51	$ 46	$ 5	189,494			189,596
Conversion of shares (in shares)						(55,096)		54,673
Conversion of shares	0
Distributions declared on common stock — $0.98 per common share	(21,419)									(21,419)		(21,419)
Commissions, dealer manager and ongoing stockholder servicing fees	(12,424)								(12,424)			(12,424)
Other offering costs	(1,400)								(1,400)			(1,400)
Redemptions (in shares)						(1,775,662)	(318,013)	(241,733)
Redemptions of common stock	(42,296)					$ (18)	$ (3)	$ (2)	(42,273)			(42,296)
Changes in redeemable common stock	(14,948)								(14,948)			(14,948)
Distributions to non-controlling interests	(49)												(49)
Comprehensive income (loss)	2,376									312	2,029	2,341	35
Balance, shares (in shares) at Dec. 31, 2017		15,837,102	8,793,223	1,065,232		15,837,102	8,793,223	1,065,232
Balance at Dec. 31, 2017	335,446					$ 158	$ 88	$ 11	378,266	(45,506)	1,657	334,674	772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes										(37)	37
Issuance of common stock (in shares)					9,800,000	4,853,772	4,719,621	257,671
Issuance of common stock	181,382				$ 181,400	$ 48	$ 47	$ 3	181,284			181,382
Conversion of shares (in shares)						(8,997)		8,889
Conversion of shares	0											0
Distributions declared on common stock — $0.98 per common share	(28,766)									(28,766)		(28,766)
Commissions, dealer manager and ongoing stockholder servicing fees	(561)								(561)			(561)
Other offering costs	(1,339)								(1,339)			(1,339)
Redemptions (in shares)		(1,700,000)		(172,000)		(1,746,560)	(735,522)	(172,062)
Redemptions of common stock	(48,250)	$ (31,800)		$ (3,200)		$ (17)	$ (7)	$ (2)	(48,224)			(48,250)
Equity-based compensation (in shares)						7,212
Equity-based compensation	33								33			33
Changes in redeemable common stock	(11,878)								(11,878)			(11,878)
Distributions to non-controlling interests	(43)												(43)
Comprehensive income (loss)	$ 4,066									5,158	(1,129)	4,029	37
Balance, shares (in shares) at Dec. 31, 2018	40,500,000	18,942,529	12,777,322	1,159,730		18,942,529	12,777,322	1,159,730
Balance at Dec. 31, 2018	$ 430,090					$ 189	$ 128	$ 12	$ 497,581	$ (69,151)	$ 565	$ 429,324	$ 766

Consolidated Statements of Cash

Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Cash flows from operating activities:
Net income (loss)	$ 5,195,000	$ 347,000	$ (1,302,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization, net	26,855,000	18,117,000	9,538,000
Straight-line rental income	(3,070,000)	(1,860,000)	(1,067,000)
Amortization of deferred financing costs	1,086,000	1,813,000	716,000
Amortization on marketable securities	9,000	13,000	16,000
Equity-based compensation	33,000	0	0
Loss (gain) on sale of marketable securities	3,000	(5,000)	0
Gain on disposition of real estate assets, net	(1,019,000)	0	0
Impairment of real estate assets, net	2,267,000	227,000	0
Ineffectiveness of interest rate swaps	0	(37,000)	0
Write-off of deferred financing costs	130,000	97,000	0
Bad debt expense	0	0	17,000
Changes in assets and liabilities:
Rents and tenant receivables	312,000	(1,311,000)	(501,000)
Prepaid expenses and other assets	(35,000)	(267,000)	4,000
Accounts payable and accrued expenses	592,000	413,000	664,000
Deferred rental income and other liabilities	877,000	842,000	253,000
Due from affiliates	(12,000)	(100,000)	0
Due to affiliates	(387,000)	1,022,000	(45,000)
Net cash provided by operating activities	32,836,000	19,311,000	8,293,000
Cash flows from investing activities:
Investment in real estate assets and capital expenditures	(254,949,000)	(253,928,000)	(186,432,000)
Investment in marketable securities	(1,269,000)	(1,513,000)	(1,638,000)
Proceeds from sale and maturities of marketable securities	1,202,000	1,594,000	1,340,000
Net proceeds from disposition of real estate assets	47,660,000	0	0
Payment of property escrow deposits	(5,240,000)	(5,140,000)	(4,817,000)
Refund of property escrow deposits	5,740,000	5,050,000	4,407,000
Net cash used in investing activities	(206,856,000)	(253,937,000)	(187,140,000)
Cash flows from financing activities:
Proceeds from issuance of common stock	167,608,000	179,307,000	155,051,000
Offering costs on issuance of common stock	(7,908,000)	(7,652,000)	(4,500,000)
Redemptions of common stock	(48,250,000)	(42,296,000)	(16,136,000)
Distributions to stockholders	(14,399,000)	(10,448,000)	(6,518,000)
Proceeds from credit facility and notes payable	206,000,000	308,065,000	69,675,000
Repayments of credit facility and notes payable	(127,275,000)	(191,000,000)	(28,000,000)
Payment of loan deposits	0	(85,000)	0
Refund of loan deposits	0	85,000	0
Deferred financing costs paid	(187,000)	(3,573,000)	(1,233,000)
Contributions from noncontrolling interest	0	0	796,000
Distributions to noncontrolling interest	(43,000)	(49,000)	0
Change in escrowed stockholder proceeds liability	0	(75,000)	25,000
Net cash provided by financing activities	175,546,000	232,279,000	169,160,000
Net increase (decrease) in cash and cash equivalents and restricted cash	1,526,000	(2,347,000)	(9,687,000)
Cash and cash equivalents and restricted cash, beginning of period	2,924,000	5,271,000	14,958,000
Cash and cash equivalents and restricted cash, end of period	4,450,000	2,924,000	5,271,000
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets:
Cash and cash equivalents	3,644,000	2,923,000	4,671,000
Restricted cash	$ 806,000	$ 1,000	$ 600,000

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS CIM Income NAV, Inc. (formerly known as Cole Real Estate Income Strategy (Daily NAV), Inc.) (the “Company”) is a daily priced perpetual life non-exchanged traded real estate investment trust (“REIT”) formed as a Maryland corporation, on July 27, 2010, that qualified as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2012. Substantially all of the Company’s business is conducted through CIM Income NAV Operating Partnership, LP, a Delaware limited partnership (“CIM Income NAV OP”), of which the Company is the sole general partner and owns, directly or indirectly, 100% of the partnership interests. The Company is externally managed by CIM Income NAV Management, LLC (“CIM Income NAV Management”) (formerly known as Cole Real Estate Income Strategy (Daily NAV) Advisors, LLC), an affiliate of CIM Group, LLC (“CIM”), a vertically-integrated owner and operator of real assets with multidisciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities headquartered in Los Angeles, California with offices in Oakland, California; Bethesda, Maryland; Dallas, Texas; New York, New York; Chicago, Illinois; and Phoenix, Arizona. The Company has no paid employees and relies upon CIM Income NAV Management and its affiliates to provide substantially all of the Company’s day-to-day management. The Company’s advisory agreement with CIM Income NAV Management is for a one-year term and is considered for renewal on an annual basis by the Company’s board of directors (the “Board”). The current term of the advisory agreement expires on November 30, 2019. On February 1, 2018, CIM acquired CCO Group, LLC and its subsidiaries (collectively, “CCO Group”) from VEREIT Operating Partnership, L.P. (“VEREIT OP”), a subsidiary of VEREIT Inc. (“VEREIT”) (the “Transaction”). CCO Group, LLC owns and controls CIM Income NAV Management, the Company’s advisor, and is the indirect owner of CCO Capital, LLC (“CCO Capital”), the Company’s dealer manager, and CREI Advisors, LLC (“CREI Advisors”), the Company’s property manager . CCO Group serves as the Company’s sponsor and as a sponsor to Cole Credit Property Trust IV, Inc. (“CCPT IV”), Cole Credit Property Trust V, Inc. (“CCPT V”), Cole Office & Industrial REIT (CCIT II), Inc. (“CCIT II”), and Cole Office & Industrial REIT (CCIT III), Inc. (“CCIT III”). On December 6, 2011, the Company commenced its initial public offering on a “best efforts” basis of $4.0 billion in shares of common stock. On August 26, 2013, the Company designated the existing shares of the Company’s common stock that were sold prior to such date to be Wrap Class shares (“W Shares”) of common stock and registered two new classes of the Company’s common stock, Advisor Class shares (“A Shares”) and Institutional Class shares (“I Shares”). On February 10, 2017, the Company filed a registration statement (the “Continuing Offering Registration Statement”), the Company is offering up to $4.0 billion in shares of common stock of the three classes (the “Offering”), consisting of $3.5 billion in shares in the Company’s primary offering (the “Primary Offering”) and $500.0 million in shares pursuant to a distribution reinvestment plan (the “DRIP”). On November 27, 2018, the Company amended its charter and changed its W Shares and A Shares to D Shares and T Shares, respectively, and reclassified a portion of its common stock as S Shares, to be offered alongside its D Shares, T Shares and I Shares in its continuous public offering (the “Share Modifications”). The Company’s outstanding share classes as part of a broader restructuring are offering to sell any combination of D Shares, T Shares, S Shares and I Shares with a dollar value up to the maximum offering amount. In connection with the Share Modifications, when the Company refers to its share classes in this Annual Report on Form 10-K with respect to dates prior to November 27, 2018 (the “Restructure Date”), the Company is referring to its shares under its prior share structure, and when the Company refers to its share classes in this Annual Report on Form 10-K with respect to dates on or after November 27, 2018, the Company is referring to its shares under its new share structure. See Note 11 — Related-Party Transactions and Agreements to the Company’s consolidated financial statements for detailed information regarding the advisory and dealer manager amendments related to its share modifications. As of December 31, 2018 , the Company had issued approximately 40.5 million shares of common stock in the Offering, including 2.0 million in shares issued in DRIP, for gross offering proceeds of $732.0 million before $18.5 million in upfront selling commissions, dealer manager fees and the current portion of stockholder servicing fees and $5.4 million in organization and offering costs. The per share purchase price for each class of common stock varies from day-to-day and, on each business day, is equal to, for each class of common stock, the Company’s net asset value (“NAV”) for such class, divided by the number of shares of that class outstanding as of the close of business on such a day, plus, for D Shares, T Shares and S Shares sold in the Primary Offering, applicable upfront selling commissions and dealer manager fees. The Company’s NAV per share is calculated daily as of the close of business by an independent fund accountant using a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of daily distributions, and (4) estimates of daily accruals, on a net basis, of operating revenues, expenses, debt service costs and fees. As of December 31, 2018 , the NAV per share for D Shares, T Shares and I Shares was $18.02 , $17.73 and $18.25 , respectively. The Company’s NAV is not audited or reviewed by its independent registered public accounting firm. The Company intends to use substantially all of the net proceeds from the Offering to acquire and operate a diversified portfolio primarily consisting of (1) necessity retail, office and industrial properties that are leased to creditworthy tenants under long-term net leases, and are strategically located throughout the United States, (2) notes receivable and other investments secured by commercial real estate, including the origination of loans, and (3) U.S. government securities, agency securities, corporate debt and other investments for which there is reasonable liquidity. As of December 31, 2018 , the Company owned 152 commercial properties, including properties owned through a consolidated joint venture arrangement (the “Consolidated Joint Venture”), comprising of 5.7 million rentable square feet of commercial space located in 35 states, and which was 99.6% leased, including month-to-month agreements, if any. The Company is a perpetual-life, non-exchange traded REIT. The Company will be selling shares of common stock on a continuous basis and for an indefinite period of time, subject to regulatory approval of the Company’s filings for additional offerings. The Company will endeavor to take all reasonable actions to avoid interruptions in the continuous offering of shares of common stock. The Company reserves the right to terminate the Offering at any time.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the Consolidated Joint Venture in which the Company has a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). VIEs are entities where investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or where equity investors, as a group, lack one of the following characteristics: (a) the power to direct the activities that most significantly impact the entity’s economic performance, (b) the obligation to absorb the expected losses of the entity, or (c) the right to receive the expected returns of the entity. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. For legal entities being evaluated for consolidation, the Company must first determine whether the interests that it holds and fees it receives qualify as variable interests in the entity. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. The Company’s evaluation includes consideration of fees paid to the Company where the Company acts as a decision maker or service provider to the entity being evaluated. If the Company determines that it holds a variable interest in an entity, it evaluates whether that entity is a VIE. A VIE must be consolidated by its primary beneficiary, which is generally defined as the party who has a controlling financial interest in the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance and its obligation to absorb losses from or right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates any VIEs when the Company is determined to be the primary beneficiary of the VIE, and the difference between consolidating the VIE and accounting for it using the equity method could be material to the Company’s consolidated financial statements. The Company continually evaluates the need to consolidate any VIEs based on standards set forth in GAAP as described above. As of December 31, 2018 and 2017 , the Company determined that it had a controlling interest in the Consolidated Joint Venture and therefore met the GAAP requirements for consolidation. Reclassification The Company adopted Accounting Standards Update (“ASU”) ASU 2017-12, as defined in “Recent Accounting Pronouncements,” during the first quarter of fiscal year 2018. Accordingly, for the year ended December 31, 2018 , the Company recorded a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of accumulated distributions in excess of earnings of $37,000 . Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. During the year ended December 31, 2018 , the Company recorded impairment charges of $2.3 million , related to one anchored shopping center , due to the carrying value being greater than the selling price, net of selling costs. During the year ended December 31, 2017 , the Company recorded impairment charges of $227,000 , related to one anchored shopping center held for sale, due to the carrying value being greater than the selling price, net of selling costs. The assumptions and uncertainties utilized in the evaluation of the impairment of real estate assets are discussed in detail in Note 3 — Fair Value Measurements. See also Note 4 — Real Estate Assets for further discussion regarding real estate acquisition and disposition activity. No impairment indicators were identified and no impairment losses were recorded during the year ended December 31, 2016 . The Company’s assessment of impairment as of December 31, 2018 was based on the most current information available to the Company, including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company can provide no assurance that material impairment charges with respect to the Company’s real estate assets will not occur in 2019 or future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of December 31, 2018 . In 2017, the Company identified one property as held for sale, which was sold subsequent to December 31, 2017 , as discussed in Note 4 — Real Estate Assets. Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in operating income, and any associated gains or losses from the disposition are included in Gain on disposition of real estate, net. Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The fair values of above- and below-market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including, for below-market leases, any bargain renewal periods. The above- and below-market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above-market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below-market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, the remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above- or below-market lease intangibles relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include leasing commissions, legal and other related expenses and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Upon adoption of ASU 2017-01 (as defined below) in April 2017, contingent consideration arrangements for asset acquisitions are recognized when the contingency is resolved. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The Company estimates the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized or accreted to interest expense over the term of the respective mortgage note payable. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. In April 2017, the Company elected to early adopt ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”), which clarifies the definition of a business by adding guidance to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Beginning in April 2017, all real estate acquisitions qualified as asset acquisitions, and as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions are now capitalized and allocated to tangible and intangible assets and liabilities as described above. Other acquisition-related expenses, such as advisor reimbursements, continue to be expensed as incurred and are included in transaction-related expenses on the accompanying consolidated statements of operations. Prior to the adoption of ASU 2017-01 in April 2017, all of the Company’s real estate acquisitions were accounted for as business combinations, and as such, acquisition-related expenses related to these business combination acquisitions were expensed as incurred. Prior to April 2017, acquisition-related expenses included within transaction-related expenses in the Company’s consolidated statements of operations primarily consisted of legal, deed transfer and other costs related to real estate purchase transactions, including costs incurred for deals that were not consummated. The Company expects its future acquisitions to qualify as asset acquisitions and, as such, the Company will allocate the purchase price to acquired tangible assets and identified intangible assets and liabilities on a relative fair value basis. Investment in Marketable Securities Investment in marketable securities consists primarily of the Company ’ s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2018 , the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in other comprehensive (loss) income . The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest and other expense, net. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method. Noncontrolling Interest in Consolidated Joint Venture The Company has a controlling interest in a Consolidated Joint Venture and, therefore, met the GAAP requirements for consolidation. The Company recorded net income of $37,000 and paid distributions of $43,000 related to noncontrolling interest during the year ended December 31, 2018 . The Company recorded the noncontrolling interest of $766,000 and $772,000 as of December 31, 2018 and 2017 , respectively, on the consolidated balance sheets. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash in bank accounts, as well as investments in highly-liquid money market funds. The Company deposits cash with several high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (“FDIC”) up to an insurance limit of $250,000. At times, the Company’s cash and cash equivalents may exceed federally insured levels. Although the Company bears risk on amounts in excess of those insured by the FDIC, it has not experienced and does not anticipate any losses due to the high quality of the institutions where the deposits are held. The Company had $806,000 and $1,000 in restricted cash as of December 31, 2018 and 2017 , respectively. Included in restricted cash was $158,000 and $1,000 held by lenders in lockbox accounts as of December 31, 2018 and 2017 , respectively. As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which funds in excess of the required minimum balance are disbursed on a weekly basis to the Company. Restricted cash as of December 31, 2018 also included $648,000 held in escrow for tenant improvements at a certain property in accordance with the associated lease agreement, and no amounts were held for such a lease as of December 31, 2017 . Deferred Financing Costs Deferred financing costs represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These costs are amortized to interest expense over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are written off when the associated debt is refinanced or repaid before maturity. The presentation of all deferred financing costs, other than those associated with the revolving loan portion of the credit facility, are classified such that the debt issuance costs related to a recognized debt liability are presented on the consolidated balance sheets as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Debt issuance costs related to securing a revolving line of credit are presented as an asset and amortized ratably over the term of the line of credit arrangement. As such, the Company’s current and corresponding prior period total deferred financing costs, net in the accompanying consolidated balance sheets relate only to the revolving loan portion of the credit facility and the historical presentation, amortization and treatment of unamortized costs are still applicable. As of December 31, 2018 and 2017 , the Company had $1.0 million and $1.4 million , respectively, of deferred financing costs, net of accumulated amortization, related to the revolving loan portion of the credit facility. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined the financing will not close. Derivative Instruments and Hedging Activities The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the derivative instrument that is designated as a hedge is recorded as other comprehensive (loss) income . The changes in fair value for derivative instruments that are not designated as hedges or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations. Due to Affiliates CIM Income NAV Management and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets. As of December 31, 2018 and 2017 , $15.6 million and $22.0 million , respectively, was due to CIM Income NAV Management and its affiliates for such services, as discussed in Note 11 — Related-Party Transactions and Arrangements to these consolidated financial statements. Redeemable Common Stock The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 13 — Stockholders’ Equity to these consolidated financial statements. The Company records the maximum amount that is redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value. As of December 31, 2018 and 2017 , the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheets for a total of $58.9 million and $47.0 million , respectively. Stockholder Servicing Fees The Company pays CCO Capital stockholder servicing fees, which are calculated on a daily basis in the amount of 1/365th of 0.25%, 0.85% and 0.85% of the per share NAV, respectively, for each class of common stock outstanding for D Shares, T Shares and S Shares. The Company does not pay a stockholder servicing fee with respect to I Shares. The stockholder servicing fees are paid monthly in arrears. An estimated liability for future stockholder servicing fees payable to CCO Capital is recognized at the time each share is sold and included in due to affiliates in the consolidated balance sheets with a corresponding decrease to capital in excess of par value. The Company recognized a liability for future fees payable to CCO Capital of $13.2 million and $19.2 million , as of December 31, 2018 and 2017 , respectively. Prior to October 1, 2018, the estimated liability for fees payable included dealer manager fees. Revenue Recognition Certain properties have leases where the minimum rental payment increases during the term of the lease. The Company records rental income for the full term of each lease on a straight-line basis when earned and collectability is reasonably assured. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Expected reimbursements from tenants for recoverable real estate taxes and operating expenses are included in tenant reimbursement income in the period when such costs are incurred. Effective January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes the revenue recognition requirements in Revenue Recognition, Accounting Standards Codification (“ASC”) Topic 605 and requires an entity to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company records revenue for real estate taxes and insurance reimbursed by its tenants on the leased properties, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the consolidated statements of operations as the Company has concluded it is the primary obligor. The Company has identified its revenue streams as rental income from leasing arrangements and tenant reimbursement income, which are outside of the scope of Topic 606. The Company adopted ASU 2014-09 using the modified retrospective approach and determined it did not have a material impact on the Company’s consolidated financial statements. The Company continually reviews receivables related to rent, including any straight-line rent, and current and future operating expense reimbursements from tenants and determines their collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, the business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is uncertain, the Company will record an increase in the allowance for uncollectible accounts. As of December 31, 2018 and 2017 , the Company had no allowances. Income Taxes The Company elected to be taxed, and currently qualifies, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. Earnings (Loss) and Distributions Per Share The Company has four classes of common stock with nonforfeitable dividend rights that are determined based on a different NAV for each class. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. Diluted income per share, when applicable, considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2018 , 2017 or 2016 . Distributions per share are calculated based on the authorized daily distribution rate. Offering and Related Costs CIM Income NAV Management funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding upfront selling commissions and dealer manager fees, as applicable, charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2018 , CIM Income NAV Management, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to CIM Income NAV Management. Reportable Segments The Company’s commercial real estate assets primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar economic characteristics. The Company’s management evaluates operating performance on an overall portfolio level; therefore the Company’s properties are one reportable segment. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by various standard setting bodies that may have an impact on the Company’s accounting and reporting. Except as otherwise stated below, the Company is currently evaluating the effect that certain new accounting requirements may have on the Company’s accounting and related reporting and disclosures in the Company’s consolidated financial statements. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). The amendments in this update require that most lease obligations be recognized as a right of use asset with a corresponding liability on the balance sheet. The guidance also requires additional qualitative and quantitative disclosures to assess the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The FASB has subsequently issued other related ASU, which amend ASU 2016-02 to provide transition practical expedients that an entity may elect to apply and other guidance. In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements, which provides companies with an additional transition option that would permit the application of ASU 2016-02 as of the adoption date rather than to all periods presented. The Company will use this transition option upon adoption of the new standard on January 1, 2019 and use the effective date as the date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company has finalized its assessment of its inventory of leases that will be impacted by adoption of the new guidance. The Company will elect the “package of practical expedients,” which permits the Company to not reasses

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 — Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability. The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities: Credit facility and notes payable — The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. Current and prior period liabilities’ carrying and fair values exclude net deferred financing costs. These financial instruments are valued using Level 2 inputs. As of December 31, 2018 , the estimated fair value of the Company’s debt was $350.2 million , compared to a carrying value of $356.9 million . As of December 31, 2017 , the estimated fair value of the Company’s debt was $274.0 million , compared to a carrying value of $278.2 million . Marketable securities — The Company’s marketable securities are carried at fair value and are valued using Level 1 inputs. The estimated fair value of the Company’s marketable securities are based on quoted market prices that are readily and regularly available in an active market. Derivative instruments — The Company’s derivative instruments are comprised of interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the respective counterparties. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2018 and 2017 , the Company has assessed the overall significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company’s derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Other financial instruments — The Company considers the carrying values of its cash and cash equivalents, restricted cash, tenant receivables, accrued expenses and accounts payable , other liabilities, due to affiliates and distributions payable to approximate their fair values because of the short period of time between their origination and their expected realization as well as their highly-liquid nature. Due to the short-term maturities of these instruments, Level 1 inputs are utilized to estimate the fair value of these financial instruments. Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, upon disposition of the financial assets and liabilities. As of December 31, 2018 and 2017 , there have been no transfers of financial assets or liabilities between fair value hierarchy levels. Items Measured at Fair Value on a Recurring Basis In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of December 31, 2018 and 2017 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 2,856 $ — $ 2,856 $ — Marketable securities 5,466 5,466 — — Total financial assets $ 8,322 $ 5,466 $ 2,856 $ — Financial liability: Interest rate swap $ (2,199 ) $ — $ (2,199 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2017 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 1,718 $ — $ 1,718 $ — Marketable securities 5,496 5,496 — — Total financial assets $ 7,214 $ 5,496 $ 1,718 $ — Financial liabilities: Interest rate swaps $ (17 ) $ — $ (17 ) $ — Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges) Certain financial and nonfinancial assets and liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The Company’s process for identifying and recording impairment related to real estate assets and intangible assets is discussed in Note 2 — Summary of Significant Accounting Policies. As discussed in Note 4 — Real Estate Assets, during the year ended December 31, 2018 , real estate assets related to one anchored shopping center totaling approximately 149,000 square feet was deemed to be impaired, due to the carrying value being greater than the estimated fair value of the property, net of selling costs. The carrying value was reduced to an estimated fair value of $16.8 million , resulting in impairment charges of $2.3 million . During the year ended December 31, 2017, real estate assets related to one anchored shopping center held for sale and totaling approximately 62,000 square feet was deemed to be impaired due to the carrying value being greater than the selling price, net of selling costs. The carrying value was reduced to an estimated fair value of $8.1 million , resulting in impairment charges of $227,000 . The Company determined that the selling prices used to determine the fair values were Level 2 inputs. The following table presents the impairment charges by asset class recorded during the year ended December 31, 2018 and 2017 (in thousands): Year Ended December 31, 2018 2017 Asset class impaired: Land $ 454 $ 3 Buildings and improvements 1,000 210 Intangible lease assets 1,176 14 Intangible lease liabilities (363 ) — Total impairment loss $ 2,267 $ 227

REAL ESTATE ASSETS

REAL ESTATE ASSETS	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
REAL ESTATE ASSETS	REAL ESTATE ASSETS 2018 Property Acquisitions During the year ended December 31, 2018 , the Company acquired a 100% interest in 19 commercial properties for an aggregate purchase price of $254.2 million (the “ 2018 Asset Acquisitions ”), which includes $1.4 million of external acquisition-related expenses that were capitalized in accordance with ASU 2017-01. The Company funded the 2018 Asset Acquisitions with net proceeds from the Offering and available borrowings. The following table summarizes the purchase price allocation for the 2018 Asset Acquisitions purchased during the year ended December 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 28,293 Buildings and improvements 193,658 Acquired in-place leases and other intangibles (1) 31,279 Acquired above-market leases (2) 5,707 Intangible lease liabilities (3) (4,721 ) Total purchase price $ 254,216 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 13.7 years . (2) The weighted average amortization period for acquired above-market leases was 14.0 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 17.5 years . 2018 Property Dispositions During the year ended December 31, 2018 , the Company disposed of two anchored shopping centers and four retail properties for an aggregate gross sales price of $49.1 million , resulting in net proceeds of $36.4 million after closing costs and the repayment of the $11.3 million fixed rate debt secured by one of the disposed properties and a net gain of $1.0 million . No disposition fees were paid to the affiliates in connection with the sales of these properties and the Company has no continuing involvement with these properties. The gain on sale of real estate is included in gain on disposition of real estate, net in the consolidated statements of operations. The disposition of these properties did not qualify to be reported as discontinued operations since the disposition did not represent a strategic shift that had a major effect on the Company’s operations and financial results. Accordingly, the operating results of these disposed properties are reflected in the Company’s results from continuing operations for all periods presented through their respective date of disposition. 2018 Impairment of a Property The Company performs quarterly impairment review procedures, primarily through continuous monitoring of events and changes in circumstances that could indicate that the carrying value of certain of its real estate assets may not be recoverable. See Note 2 — Summary of Significant Accounting Policies for a discussion on the Company’s accounting policies regarding impairment of real estate assets. During the year ended December 31, 2018 , one anchored shopping center with a carrying value of $19.1 million was deemed to be impaired and its carrying value was reduced to an estimated fair value of $16.8 million , resulting in impairment charges of $2.3 million , which were recorded in the consolidated statements of operations. See Note 3 — Fair Value Measurements for a further discussion on these impairment charges. Consolidated Joint Venture As of December 31, 2018 , the Company had an interest in a Consolidated Joint Venture that owns and manages two properties, with total assets of $7.6 million , which included $7.2 million of land, building and improvements, and $641,000 of intangible assets, net of accumulated depreciation and amortization of $467,000 , and total liabilities of $54,000 . The Consolidated Joint Venture does not have any debt outstanding as of December 31, 2018 . The Company has the ability to control operating and financial policies of the Consolidated Joint Venture. There are restrictions on the use of these assets as the Company would generally be required to obtain the approval of the partner (the “Consolidated Joint Venture Partner”) in accordance with the joint venture agreement for any major transactions. The Company and the Consolidated Joint Venture Partner are subject to the provisions of the joint venture agreement, which includes provisions for when additional contributions may be required to fund certain cash shortfalls. 2017 Property Acquisitions During the year ended December 31, 2017 , the Company acquired a 100% interest in 31 commercial properties, of which 19 were determined to be asset acquisitions and 12 were acquired prior to the adoption of ASU 2017-01 in April 2017 and thus were accounted for as business combinations for an aggregate purchase price of $253.4 million (the “ 2017 Acquisitions ”). The Company funded the 2017 Acquisitions with net proceeds from the Offering and available borrowings. The following table summarizes the consideration transferred for the properties purchased during the year ended December 31, 2017 (in thousands): 2017 Acquisitions Real estate assets: Purchase price of asset acquisitions $ 200,991 Purchase price of business combinations 52,457 Total purchase price of real estate assets acquired (1) $ 253,448 ______________________ (1) The weighted average amortization period for the 2017 Acquisitions is 12.6 years for acquired in-place leases and other intangibles, 15.7 years for acquired above-market leases and 13.8 years for acquired intangible lease liabilities. During the year ended December 31, 2017 , the Company acquired a 100% interest in 19 commercial properties for an aggregate purchase price of $201.0 million (the “2017 Asset Acquisitions”), which includes $1.5 million of external acquisition-related expenses that were capitalized in accordance with ASU 2017-01. Prior to the adoption of ASU 2017-01, costs related to property acquisitions were expensed as incurred. The following table summarizes the purchase price allocation for the 2017 Asset Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Asset Acquisitions Land $ 30,220 Building and improvements 152,840 Acquired in-place leases and other intangibles 23,164 Acquired above-market leases 1,522 Intangible lease liabilities (6,755 ) Total purchase price $ 200,991 During the year ended December 31, 2017 , the Company acquired a 100% interest in 12 commercial properties for an aggregate purchase price of $52.5 million which were accounted for as business combinations (the “2017 Business Combination Acquisitions”). The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for the 2017 Business Combination Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Business Combinations Land $ 14,232 Building and improvements 22,292 Acquired in-place leases and other intangibles 15,911 Acquired above-market leases 1,423 Intangible lease liabilities (1,401 ) Total purchase price $ 52,457 The Company recorded revenue of $3.3 million and net income of $650,000 for the year ended December 31, 2017 related to the 2017 Business Combination Acquisitions. In addition, the Company recorded $426,000 of acquisition-related expenses for the year ended December 31, 2017 , which is included in transaction-related expenses on the consolidated statements of operations. The following table summarizes selected financial information of the Company, as if all of the 2017 Business Combination Acquisitions were completed on January 1, 2016 for each period presented below. The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the years ended December 31, 2017 and 2016 (in thousands): Year Ended December 31, 2017 December 31, 2016 Pro forma basis (unaudited): Revenue $ 48,362 $ 30,872 Net income (loss) $ 702 $ (1,805 ) The unaudited pro forma information for the year ended December 31, 2017 was adjusted to exclude $426,000 of acquisition-related expenses recorded during such periods related to the 2017 Business Combination Acquisitions. Accordingly, these expenses were instead recognized in the unaudited pro forma information for the year ended December 31, 2016 . The unaudited pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2016 , nor does it purport to represent the results of future operations. 2017 Impairment of a Property During the year ended December 31, 2017 , one property with a carrying value of $8.3 million was deemed to be impaired and its carrying value was reduced to an estimated fair value of $8.1 million , resulting in impairment charges of $227,000 , which were recorded in the consolidated statements of operations. See Note 3 — Fair Value Measurements for a further discussion on these impairment charges. 2016 Property Acquisitions During the year ended December 31, 2016 , the Company acquired a 100% interest in 31 commercial properties for an aggregate purchase price of $186.3 million (the “ 2016 Acquisitions ”). The 2016 Acquisitions were accounted for as business combinations. The Company funded the 2016 Acquisitions with net proceeds from the Offering and available borrowings. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for the acquisitions purchased during the year ended December 31, 2016 (in thousands): 2016 Acquisitions Land $ 37,073 Building and improvements 131,828 Acquired in-place leases and other intangibles (1) 17,293 Acquired above-market leases (2) 2,828 Intangible lease liabilities (3) (2,733 ) Total purchase price $ 186,289 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 15.9 years . (2) The weighted average amortization period for acquired above-market leases was 16.6 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 15.5 years . The Company recorded revenue of $4.1 million and net loss of $1.0 million for the year ended December 31, 2016 related to the 2016 Acquisitions. In addition, the Company recorded $1.4 million of acquisition-related expenses for the year ended December 31, 2016 , which is included in transaction-related expenses on the consolidated statements of operations. The following table summarizes selected financial information of the Company, as if all of the 2016 Acquisitions were completed on January 1, 2015 for each period presented below. The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2016 and 2015 (in thousands): Year Ended December 31, 2016 December 31, 2015 Pro forma basis (unaudited): Revenue $ 37,204 $ 33,132 Net income $ 963 $ 9,254 The unaudited pro forma information for the year ended December 31, 2016 was adjusted to exclude acquisition-related expenses recorded during such periods related to the 2016 Acquisitions . Accordingly, these expenses were instead recognized in the unaudited pro forma information for the year ended December 31, 2015 . The unaudited pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2015 , nor does it purport to represent the results of future operations.

INTANGIBLE LEASE ASSETS AND LIA

INTANGIBLE LEASE ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE LEASE ASSETS AND LIABILITIES	INTANGIBLE LEASE ASSETS AND LIABILITIES Intangible lease assets and liabilities consisted of the following as of December 31, 2018 and 2017 (in thousands, except weighted average life remaining): As of December 31, 2018 2017 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $20,688 and $12,955, respectively (with a weighted average life remaining of 13.8 years and 10.7 years, respectively) $ 91,549 $ 71,543 Acquired above-market leases, net of accumulated amortization of $2,422 and $1,522, respectively (with a weighted average life remaining of 12.6 years and 12.3 years, respectively) 12,550 7,871 Total intangible lease assets, net $ 104,099 $ 79,414 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $3,280 and $2,075, respectively (with a weighted average life remaining of 21.4 years and 11.2 years, respectively) $ 15,506 $ 12,753 Amortization of the above-market leases is recorded as a reduction to rental revenue, and amortization expense for the in-place leases and other intangibles is included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization of below-market leases is recorded as an increase to rental revenue in the accompanying consolidated statements of operations. The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2018 , 2017 and 2016 (in thousands): Year Ended December 31, 2018 2017 2016 In-place lease and other intangible amortization $ 8,971 $ 6,491 $ 2,969 Above-market lease amortization $ 959 $ 745 $ 417 Below-market lease amortization $ 1,501 $ 1,200 $ 448 As of December 31, 2018 , the estimated amortization relating to the intangible lease assets and liabilities for each of the five succeeding fiscal years is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2019 $ 9,510 $ 1,139 $ 1,591 2020 $ 9,308 $ 1,132 $ 1,566 2021 $ 9,161 $ 1,132 $ 1,350 2022 $ 9,118 $ 1,132 $ 1,312 2023 $ 8,854 $ 1,123 $ 1,278

MARKETABLE SECURITIES

MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company owned marketable securities with an estimated fair value of $5.47 million and $5.50 million as of December 31, 2018 and 2017 , respectively. The following is a summary of the Company’s available-for-sale securities as of December 31, 2018 (in thousands): Available-for-sale securities Amortized Cost Basis Unrealized (Loss) Gain Fair Value U.S. Treasury Bonds $ 1,951 $ (21 ) $ 1,930 U.S. Agency Bonds 708 (9 ) 699 Corporate Bonds 2,899 (62 ) 2,837 Total available-for-sale securities $ 5,558 $ (92 ) $ 5,466 The following table provides the activity for the marketable securities during the year ended December 31, 2018 (in thousands): Amortized Cost Basis Unrealized (Loss) Gain Fair Value Marketable securities as of January 1, 2018 $ 5,503 $ (7 ) $ 5,496 Face value of marketable securities acquired 1,284 — 1,284 Premiums and discounts on purchase of marketable securities, net of acquisition costs (15 ) — (15 ) Amortization on marketable securities (9 ) — (9 ) Sales and maturities of securities (1,205 ) 3 (1,202 ) Unrealized loss on marketable securities — (88 ) (88 ) Marketable securities as of December 31, 2018 $ 5,558 $ (92 ) $ 5,466 During the year ended December 31, 2018 , the Company sold 16 marketable securities for aggregate proceeds of $1.2 million . Unrealized (losses) gains on marketable securities are recorded in other comprehensive (loss) income , with a portion of the amount subsequently reclassified into interest expense and other, net on the accompanying consolidated statements of operations as securities are sold and gains (losses) are recognized. In addition, the Company recorded an unrealized loss of $88,000 on its investments, which is included in accumulated other comprehensive income (loss) on the accompanying consolidated statement of changes in equity for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018 . The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities as of December 31, 2018 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands): Less than 12 Months 12 Months or More Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses U.S. Treasury Bonds $ 628 $ (11 ) $ 764 $ (25 ) $ 1,392 $ (36 ) U.S. Agency Bonds 699 (9 ) — — 699 (9 ) Corporate Bonds 2,428 (59 ) 161 (4 ) 2,589 (63 ) Total temporarily impaired securities $ 3,755 $ (79 ) $ 925 $ (29 ) $ 4,680 $ (108 ) The scheduled maturities of the Company’s marketable securities as of December 31, 2018 are as follows (in thousands): Available-for-sale securities Amortized Cost Estimated Fair Value Due within one year $ 115 $ 114 Due after one year through five years 2,474 2,439 Due after five years through ten years 2,602 2,548 Due after ten years 367 365 Total $ 5,558 $ 5,466 Actual maturities of marketable securities can differ from contractual maturities because borrowers on certain debt securities may have the right to prepay their respective debt obligations at any time. In addition, factors such as prepayments and interest rates may affect the yields on such securities. In estimating other-than-temporary impairment losses, management considers a variety of factors, including (1) whether the Company has the intent to sell the impaired security, (2) whether the Company expects to hold the investment for a period of time sufficient to allow for anticipated recovery in fair value, and (3) whether the Company expects to recover the entire amortized cost basis of the security. The Company believes that none of the unrealized losses on investment securities are other-than-temporary as management expects the Company will fully recover the entire amortized cost basis of all securities. As of December 31, 2018 , the Company had no other-than-temporary impairment losses.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES In the normal course of business, the Company uses certain types of derivative instruments for the purpose of managing or hedging its interest rate risk. During the year ended December 31, 2018 , the Company entered into one interest rate swap agreement. As of December 31, 2018 the Company had nine interest rate swap agreements. The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of December 31, 2018 and 2017 (dollar amounts in thousands): Outstanding Notional Amount as of December 31, 2018 Fair Value of Assets and (Liabilities) Balance Sheet Location Interest Rates (1) Effective Dates Maturity Dates December 31, 2018 December 31, 2017 Interest Rate Swaps Derivative assets, prepaid expenses, property escrow deposits and other assets $ 190,705 3.23% to 4.17% 6/30/2015 to 9/29/2017 9/12/2019 to 8/1/2022 $ 2,856 $ 1,718 Interest Rate Swap Deferred rental income, derivative liability and other liabilities $ 100,000 4.74% 10/31/2018 9/6/2022 $ (2,199 ) $ (17 ) ____________________________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of December 31, 2018 . Additional disclosures related to the fair value of the Company’s derivative instruments are included in Note 3 — Fair Value Measurements. The notional amount under the interest rate swap agreements is an indication of the extent of the Company’s involvement in each instrument, but does not represent exposure to credit, interest rate or market risks. Accounting for changes in the fair value of a derivative instrument depends on the intended use and designation of the derivative instrument. The Company designated the interest rate swaps as cash flow hedges in order to hedge the variability of the anticipated cash flows on its variable rate debt. The change in fair value of the derivative instruments that are designated as hedges is recorded in other comprehensive (loss) income , with a portion of the amount subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate debt. For the years ended December 31, 2018 , 2017 and 2016 , the amounts reclassified were a gain of $294,000 and losses of $663,000 and $539,000 , respectively. During the next 12 months, the Company estimates that an additional $851,000 will be reclassified from other comprehensive (loss) income as a decrease to interest expense. The Company includes cash flows from interest rate swap agreements in cash flows provided by operating activities on the consolidated statements of cash flows, as the Company’s accounting policy is to present cash flows from hedging instruments in the same category in the consolidated statements of cash flows as the category for cash flows from the hedged items. The Company has agreements with each of its derivative counterparties that contain provisions whereby, if the Company defaults on certain of its unsecured indebtedness, the Company could also be declared in default on its derivative obligations resulting in an acceleration of payment. If the Company had breached any of these provisions, it could have been required to settle its obligations, under the agreements at an aggregate termination value, inclusive of interest payments, of $2.2 million , which includes accrued interest, at December 31, 2018 . In addition, the Company is exposed to credit risk in the event of non-performance by its derivative counterparties. The Company believes it mitigates its credit risk by entering into agreements with creditworthy counterparties. The Company records credit risk valuation adjustments on its interest rate swaps based on the credit quality of the Company and the respective counterparty. There were no termination events or events of default related to the interest rate swaps as of December 31, 2018 .

CREDIT FACILITY AND NOTES PAYAB

CREDIT FACILITY AND NOTES PAYABLE	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
CREDIT FACILITY AND NOTES PAYABLE	CREDIT FACILITY AND NOTES PAYABLE As of December 31, 2018 , the Company had $354.3 million of debt outstanding, including net deferred financing costs, with a weighted average years to maturity of 3.6 years and a weighted average interest rate of 3.97% . The weighted average years to maturity is computed using the scheduled repayment date as specified in each loan agreement where applicable. The weighted average interest rate is computed using the interest rate in effect until the scheduled repayment date. Should a loan not be repaid by its scheduled repayment date, the applicable interest rate will increase as specified in the respective loan agreement until the extended maturity date. The following table summarizes the debt balances as of December 31, 2018 and 2017 , and the debt activity for the year ended December 31, 2018 (in thousands): During the Year Ended December 31, 2018 Balance as of January 1, 2018 Debt Issuances, Net (1) Repayments Amortization Balance as of Credit facility $ 128,500 $ 206,000 $ (116,000 ) $ — $ 218,500 Fixed rate debt 149,734 — (11,275 ) — 138,459 Total debt 278,234 206,000 (127,275 ) — 356,959 Deferred costs - credit facility (2) (1,725 ) — 130 (3 ) 208 (1,387 ) Deferred costs - fixed rate debt (1,679 ) — — 361 (1,318 ) Total debt, net $ 274,830 $ 206,000 $ (127,145 ) $ 569 $ 354,254 ____________________________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs relate to the term portion of the credit facility, as discussed in Note 2 — Summary of Significant Accounting Policies. (3) Represents deferred financing costs written off, related to the repayment of two loans upon the sale of the properties securing the loans. As of December 31, 2018 , the Company had fixed rate debt outstanding of $138.5 million , including $78.2 million of variable rate debt that is fixed through interest rate swap agreements, which has the effect of fixing the variable interest rate per annum through the maturity date of the variable rate debt. The fixed rate debt has interest rates ranging from 3.56% to 4.17% per annum and as of December 31, 2018 , the fixed rate debt had a weighted average interest rate of 3.91% . The fixed rate debt outstanding matures on various dates from December 2020 to February 2025 . The aggregate balance of gross real estate assets, net of gross intangible lease liabilities, securing the fixed rate debt outstanding was $247.0 million as of December 31, 2018 . Each of the mortgage notes payable comprising the fixed rate debt is secured by the respective properties on which the debt was placed. The Company is party to a second amended and restated credit agreement (the “Second Amended Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent (“JPMorgan Chase”), that provides for borrowings up to $425.0 million , which is comprised of up to $212.5 million in unsecured revolving loans (the “Revolving Loans”) and up to $212.5 million in unsecured term loans (the “Term Loans”) (collectively, with the Revolving Loans the “Credit Facility”). The Term Loans mature on September 6, 2022 and the Revolving Loans mature on September 6, 2021; however, the Company may elect to extend the maturity date for the Revolving Loans for up to two six -month periods, but no later than September 6, 2022, subject to satisfying certain conditions contained in the Second Amended Credit Agreement. Depending upon the type of loan specified and overall leverage ratio, the Credit Facility bears interest at (i) the one-month, two-month, three-month or six-month London Interbank Offered Rate (“LIBOR”) multiplied by the statutory reserve rate (the “Eurodollar Rate”) plus an interest rate spread ranging from 1.70% to 2.20% for Revolving Loans and 1.60% to 2.10% for Term Loans; or (ii) a base rate ranging from 0.70% to 1.20% for Revolving Loans and 0.60% to 1.10% for Term Loans, plus the greater of: (a) JPMorgan Chase’s Prime Rate (as defined in the Second Amended Credit Agreement); (b) the Federal Funds Effective Rate (as defined in the Second Amended Credit Agreement) plus 0.50% ; or (c) the one-month LIBOR multiplied by the statutory reserve rate plus 1.0% . As of December 31, 2018 , the Revolving Loans outstanding totaled $6.0 million at an interest rate of 4.28% and the Term Loans outstanding totaled $212.5 million , all of which are subject to interest rate swap agreements (the “Swapped Term Loans”). The interest rate swap agreements have the effect of fixing the Eurodollar Rate per annum of the Swapped Term Loan at an all-in rate of 4.01% . As of December 31, 2018 , the Company had $218.5 million outstanding under the Credit Facility at a weighted average interest rate of 4.01% and $206.5 million in unused capacity, subject to borrowing availability. The Second Amended Credit Agreement contains provisions with respect to covenants, events of default and remedies customary for facilities of this nature. In particular, the Second Amended Credit Agreement requires the Company to maintain a minimum consolidated net worth greater than or equal to the sum of (i) $367.1 million plus (ii) 75% of the equity issued (iii) minus the aggregate amount of any redemptions or similar transaction from the date of the Second Amended Credit Agreement, a leverage ratio less than or equal to 60% , a fixed charge coverage ratio equal to or greater than 1.50 , an unsecured debt to unencumbered asset value ratio equal to or less than 60% , an unsecured debt service coverage ratio greater than 1.75 , a secured debt ratio equal to or less than 40% , and the amount of secured debt that is recourse debt at no greater than 15% of total asset value. As of December 31, 2018 , the Company believes it was in compliance with the financial covenants of the Second Amended Credit Agreement, as well as the financial covenants under the Company’s various fixed and variable rate debt agreements. Maturities The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt as of December 31, 2018 for each of the five succeeding fiscal years and the period thereafter (in thousands): Year Ending December 31, Principal Repayments 2019 $ — 2020 9,240 2021 26,442 2022 304,327 2023 — Thereafter 16,950 Total $ 356,959

SUPPLEMENTAL CASH FLOW DISCLOSU

SUPPLEMENTAL CASH FLOW DISCLOSURES	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Supplemental cash flow disclosures for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, 2018 2017 2016 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs $ (2,236 ) $ 9,460 $ 7,782 Distributions to stockholders declared and unpaid $ 2,719 $ 2,126 $ 1,444 Common stock issued through distribution reinvestment plan $ 13,774 $ 10,289 $ 5,984 Change in fair value of marketable securities $ (85 ) $ 22 $ 44 Change in fair value of interest rate swaps $ (1,044 ) $ 2,007 $ (41 ) Accrued deferred financing costs $ 9 $ — $ — Accrued capital expenditures $ — $ 163 $ 12 Supplemental Cash Flow Disclosures: Interest paid $ 13,273 $ 7,864 $ 4,346 Cash paid for income taxes $ 184 $ 194 $ 130

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation In the ordinary course of business, the Company may become subject to litigation and claims. The Company is not aware of any material pending legal proceedings, other than ordinary routine litigation incidental to the Company’s business, to which the Company is a party or of which the Company’s properties are the subject. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. In addition, the Company may own or acquire certain properties that are subject to environmental remediation. Generally, the seller of the property, the tenant of the property and/or another third party is responsible for environmental remediation costs related to a property. Additionally, in connection with the purchase of certain properties, the respective sellers and/or tenants may agree to indemnify the Company against future remediation costs. The Company also carries environmental liability insurance on its properties that provides limited coverage for any remediation liability and/or pollution liability for third-party bodily injury and/or property damage claims for which the Company may be liable. The Company is not aware of any environmental matters which it believes are reasonably likely to have a material effect on its results of operations, financial condition or liquidity.

RELATED-PARTY TRANSACTIONS AND

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS The Company has incurred, and will continue to incur, commissions, fees and expenses payable to CIM Income NAV Management and certain of its affiliates in connection with the Offering, and the acquisition, management and performance of the Company’s assets. In connection with the Share Modifications, the Company also amended and restated its dealer manager agreement and advisory agreement to reflect the changes to the names and classifications of its common stock, and to establish the fees associated with its D Shares, T Shares, S Shares and I Shares, effective November 27, 2018. Upfront selling commissions, dealer manager and ongoing stockholder servicing fees In connection with the Offering, CCO Capital, the Company’s dealer manager, will receive upfront selling commissions and dealer manager fees, and/or an asset-based stockholder servicing fees, as summarized in the table below for each class of common stock: Upfront Selling Commissions Dealer Manager Fees Ongoing Stockholder Servicing Fees (2) D Shares (1) 1.50 % — % 0.25 % T Shares (1) 3.00 % 0.50 % 0.85 % S Shares (1) 3.50 % — % 0.85 % I Shares — — % — ____________________________________ (1) The upfront selling commissions are based on a percentage of the transaction price, which is exclusive of the upfront selling commission, for D Shares, T Shares and S Shares. The dealer manager fee is based on a percentage of the transaction price for T Shares. Upfront selling commissions and dealer manager fees are deducted directly from the offering price for D Shares, T Shares and S Shares and paid to CCO Capital. The Company has been advised that CCO Capital intends to reallow 100% of the upfront selling commissions on D Shares, T Shares and S Shares, to participating broker-dealers and may reallow a portion of the dealer manager fee. (2) The stockholder servicing fees will be calculated on a daily basis in an amount equal to 1/365th of the percentage of NAV per D Share, T Share or S Share, as applicable, for such day on a continuous basis. CCO Capital, in its sole discretion, may reallow a portion of the stockholder servicing fees to participating broker-dealers. The Company will cease paying the stockholder servicing fees with respect to any D Shares, T Shares or S Shares held in a stockholder’s account when the total upfront selling commissions, dealer manager fees and stockholder servicing fees would exceed, in the aggregate, 8.75% (or, in the case of shares sold through certain participating broker-dealers, a lower limit as set forth in any applicable agreement between our dealer manager and a participating broker-dealer) of the gross proceeds from the sale of such shares. Other organization and offering expenses All other organization and offering expenses associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fee and the ongoing stockholder servicing fees) are paid for by CIM Income NAV Management or its affiliates and can be reimbursed by the Company up to 0.75% of the aggregate gross offering proceeds, excluding upfront selling commissions and dealer manager fees charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2018 , CIM Income NAV Management or its affiliates had paid organization and offering expenses in excess of the 0.75% in connection with the Offering. These excess amounts were not included in the financial statements of the Company because such amounts were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess amounts may become payable to CIM Income NAV Management. Advisory fees and expenses Effective on the Restructure Date, the Company modified the asset-based advisory fee that is payable to CIM Income NAV Management in arrears on a monthly basis and accrues daily in an amount equal to 1/365th of 0.90% to 1/365th of 1.10% of the Company’s NAV for each class of common stock, for each day. Operating expenses The Company reimburses CIM Income NAV Management for the operating expenses it paid or incurred in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse for any amount by which its operating expenses (including the advisory fee) at the end of the four preceding fiscal quarters exceeds the greater of (1) 2% of average invested assets, or (2) 25% of net income other than any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Acquisition expenses In addition, the Company reimburses CIM Income NAV Management for all out-of-pocket expenses incurred in connection with the acquisition of the Company’s investments. While most of the acquisition expenses are expected to be paid to third parties, a portion of the out-of-pocket acquisition expenses may be reimbursed to CIM Income NAV Management or its affiliates. Acquisition expenses, together with any acquisition fees paid to third parties for a particular real estate-related asset, will in no event exceed 6% of the gross purchase price of such asset. Performance Fee As compensation for services provided pursuant to the advisory agreement, the Company will also pay CIM Income NAV Management a performance-based fee calculated based on the Company’s annual total return to stockholders for each class of common stock (defined below), payable annually in arrears. The total return to stockholders is defined, for each class of the Company’s common stock, as the change in NAV per share plus distributions per share for such class. The NAV per share for a class calculated on the last trading day of a calendar year shall be the amount against which changes in NAV per share for such class are measured during the subsequent calendar year. Under the terms of the advisory agreement, in the event that performance fees are earned for any particular period, CIM Income NAV Management will not be obligated to return any portion of such fees previously paid based on the Company’s subsequent performance. Through December 31, 2018, the performance fee was calculated such that for any calendar year in which the total return per share for a particular class exceeded 6% (the “ 6% Return”), CIM Income NAV Management would receive 25% of the excess total return on such class above the 6% Return allocable to that class, but in no event would the Company pay CIM Income NAV Management more than 10% of the aggregate total return, for that class, for such year. However, in the event the NAV per share of the Company’s D Shares, T Shares and I Shares decreased below the base NAV for the respective share class ( $15.00 , $16.72 and $16.82 for the D Shares, T Shares and I Shares, respectively) (the “Base NAV”), the performance fee for a respective class was not calculated on any increase in NAV up to the Base NAV for the respective share class. In addition, the performance fee was not to be paid with respect to any calendar year in which the NAV per share as of the last business day of the calendar year (the “Ending NAV”) for the respective share class was less than the Base NAV of that class. The Base NAV of any share class was subject to downward adjustment in the event that the Company’s board of directors, including a majority of the independent directors, determined that such an adjustment was necessary to provide an appropriate incentive to CIM Income NAV Management to perform in a manner that sought to maximize stockholder value and was in the best interests of the Company’s stockholders. In the event of any stock dividend, stock split, recapitalization or similar change in the Company’s capital structure, the Base NAV for the respective share class was to be ratably adjusted to reflect the effect of any such event. Therefore, for each class of the Company’s common stock, payment of the performance-based component of the advisory fee (1) was contingent upon the Company’s actual annual total return exceeding the 6% Return and the Ending NAV per share for the respective share class being greater than the Base NAV of that class, (2) varied in amount based on the Company’s actual performance, (3) could not cause the Company’s total return as a percentage of stockholders’ invested capital for the year to be reduced below 6% , and (4) was payable to CIM Income NAV Management in the event the Company’s total return exceeded the 6% Return in a particular calendar year, even if the total return to stockholders (or any particular stockholder) on a cumulative basis over any longer or shorter period had been less than 6% per annum. The Company did not reach the 6% Return during the years ended December 31, 2018 and 2017 . Starting with the period beginning on January 1, 2019, the performance-based fee will be equal to 12.5% of the Total Return for each class of common stock, subject to a 5% Hurdle Amount, a High Water Mark and a Catch-Up (each term as defined in the Second Amended and Restated Advisory Agreement), payable annually in arrears. The foregoing summary is qualified in its entirety by reference to the Second Amended and Restated Advisory Agreement, which is incorporated by reference as Exhibit 10.4 within this Annual Report on Form 10-K. The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CIM Income NAV Management and its affiliates related to the services described above during the years indicated (in thousands): Year Ended December 31, 2018 2017 2016 Upfront selling commissions $ 2,797 $ 2,964 $ 2,121 Stockholder servicing fees (1) $ 1,126 $ 592 $ 246 Dealer manager fees (1) $ 2,609 $ 2,128 $ 1,310 Organization and offering expense reimbursement $ 1,339 $ 1,400 $ 1,192 Acquisition expense reimbursement $ 1,722 $ 1,594 $ 1,622 Advisory fee $ 5,858 $ 4,263 $ 2,760 Operating expense reimbursement $ 2,652 $ 2,740 $ 1,656 Performance fee $ — $ 647 $ — ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for the future fees payable to CCO Capital of $13.2 million and $19.2 million as of December 31, 2018 and 2017 , respectively, which are included in due to affiliates in the consolidated balance sheets, with a corresponding decrease to capital in excess of par value, as described in Note 2 — Summary of Significant Accounting Policies. Due to/from Affiliates As of December 31, 2018 and December 31, 2017 , $15.6 million and $22.0 million , respectively, was due to CIM Income NAV Management or its affiliates primarily related to the estimated liability for current and future stockholder servicing fees, the reimbursement of organization and offering expenses, and advisory fees, which were included in amounts due to affiliates on the consolidated balance sheets. As of December 31, 2018 and December 31, 2017 , $112,000 and $100,000 was due from CIM Income NAV Management or its affiliates related to amounts received by affiliates of the advisor which were due to the Company.

ECONOMIC DEPENDENCY

ECONOMIC DEPENDENCY	12 Months Ended
	Dec. 31, 2018
Economic Dependency [Abstract]
ECONOMIC DEPENDENCY	ECONOMIC DEPENDENCY Under various agreements, the Company has engaged and may in the future engage CIM Income NAV Management or its affiliates to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company’s common stock available for issuance, as well as other administrative responsibilities for the Company including accounting services and stockholder relations. As a result of these relationships, the Company is dependent upon CIM Income NAV Management or its affiliates. In the event that these companies are unable to provide the Company with these services, the Company would be required to find alternative providers of these services. Services Agreement VEREIT OP, a former affiliated entity of the Company’s sponsor, is obligated to provide certain services to CCO Group and to the Company, including operational real estate support, (the “Services Agreement”) through March 31, 2019 (or, if later, the date of the last government filing other than a tax filing made by the Company, CCPT IV, CCPT V, CCIT II and/or CCIT III with respect to its 2018 fiscal year) (the” Initial Services Term”), and will provide consulting and research services through December 31, 2023 as requested by CCO Group, LLC. The services provided by VEREIT OP during the Initial Services Term, including but not limited to any advisory, dealer manager and property management services, have been, or by March 31, 2019, will be, transitioned to, and will be provided directly by, our sponsor, advisor, dealer manager or an affiliate thereof.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY As of December 31, 2018 , the Company was authorized to issue up to 500,000,000 shares of capital stock. Of the total number of shares of capital stock authorized (a) 490,000,000 shares are designated as common stock, 122,500,000 of which are classified as D Shares, 122,500,000 of which are classified as T Shares, 122,500,000 of which are classified as S Shares, and 122,500,000 of which are classified as I Shares, and (b) 10,000,000 shares are designated as preferred stock. All shares of such stock have a par value of $0.01 per share. The Company’s board of directors may amend the charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval. During the year ended December 31, 2018 , the Company issued a total of 9.8 million shares, including 758,000 shares issued under the DRIP, for gross proceeds of $181.4 million . As of December 31, 2018 , the Company had issued 40.5 million shares of common stock for cumulative gross proceeds of $732.0 million . NAV per Share Calculation The Company’s per share purchase and redemption price for each class varies from day-to-day. The Company has engaged an independent valuation expert which has expertise in appraising commercial real estate assets and related liabilities, to provide, on a rolling quarterly basis, valuations of each of the Company’s commercial real estate assets and related liabilities to be set forth in individual appraisal reports, and to adjust those valuations for events known to the independent valuation expert that it believes are likely to have a material impact on previously provided estimates of the value of the affected commercial real estate assets or related real estate liabilities. In addition, the calculation of NAV for each class includes liquid assets, which are priced daily using third party pricing services, and cash and cash equivalents. The Company has retained an independent fund accountant to calculate the daily NAV for each class, which uses a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert, in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of the daily distributions for each class, and (4) estimates of daily accruals, on a net basis, of the Company’s operating revenues, expenses, including class-specific expenses, debt service costs and fees, including class-specific fees. Upfront selling commissions and dealer manager fees will have no effect on the NAV of any class. NAV is intended to reflect the Company’s estimated value on the date that the NAV is determined, and the NAV of any class at any given time will not reflect any obligation to pay future trail fees that may become payable after the date the NAV is determined. As a result, the estimated liability for the future stockholder servicing fees, which is accrued at the time each share is sold, will have no effect on the NAV of any class. The result of this calculation is the NAV for each class of shares as of the end of any business day. The NAV per share is determined by allocating the NAV to each share class based on its respective ownership percentage. The NAV for each class is then adjusted for contributions, redemptions and accruals of the class’s daily distributions and estimates of class-specific fee and expense accruals. Distributions reflect the daily distribution rate set by the Company’s board of directors, which may vary for each class. The NAV per share for each class is determined by dividing such class’s NAV on such day by the number of shares outstanding for that class as of the end of such business day, prior to giving effect to any share purchases or redemptions to be effected on such day. At regularly scheduled board of directors meetings, the Company’s board of directors reviews the process by which the Company’s advisor estimated the daily accruals and the independent fund accountant calculated the NAV per share, and the operation and results of the process to determine NAV per share generally. The Company’s NAV is not calculated in accordance with GAAP and is not audited by the independent registered public accounting firm. Distribution Reinvestment Plan Pursuant to the DRIP, the Company allows stockholders to elect to have their distributions reinvested in additional shares of the Company’s common stock. The purchase price for shares under the DRIP is equal to the NAV per share on the date that the distribution is payable, after giving effect to the distribution. During the years ended December 31, 2018 , 2017 and 2016 , 758,000 , 569,000 and 328,000 shares were purchased under the DRIP for $13.8 million , $10.3 million and $6.0 million , respectively. Share Redemption Program The Company has adopted a share redemption plan whereby, on any business day, stockholders may request that the Company redeem all or any portion of their shares, subject to certain limitations described below. Pursuant to the share redemption program, the Company will initially redeem shares at a redemption price per share on any business day equal to the Company’s NAV per share for the class of shares being redeemed, without giving effect to any share purchases or redemptions to be effected on such day, less any applicable short-term trading fees. Subject to limited exceptions, stockholders who redeem their shares within the first 365 days from the date of purchase will be subject to a short-term trading fee of 5% of the aggregate NAV per share of the shares of common stock received. In each calendar quarter, net redemptions will be limited to 5% of the Company’s total NAV as of the end of the immediately preceding quarter. If less than the full 5% limit available for a quarter is used, the unused percentage will be carried over to the next quarter (the “Carryover Percent”), but the maximum carryover percentage will never exceed 15% in the aggregate, and net redemptions in any quarter may never exceed 10% of the prior quarter’s NAV. On each business day, the Company will calculate the maximum amount available for redemptions as 5% plus the Carryover Percent times the prior quarter-end’s NAV, plus share sales for the quarter, minus share redemptions for the quarter (the “Quarterly Limit”). Redemption requests will be satisfied on a first-come-first-served basis up to the Quarterly Limit. A redemption request must be received by 4:00 p.m. Eastern Time on the last business day that the New York Stock Exchange is open for trading prior to the end of a calendar quarter in order for the current Quarterly Limit to apply. For the quarter following a quarter in which the Company reached its Quarterly Limit (a “Limit Quarter”), a 5% per quarter redemption limitation will apply on a stockholder by stockholder basis, such that each of the Company’s stockholders will be allowed to request a redemption, at any time during that quarter, for a total of up to 5% of the shares they held as of the last day of the Limit Quarter, plus shares, if any, that the stockholder purchases during the in-progress quarter (the “Flow-regulator”). This prospective methodology for allocating available funds daily during a quarter for which a Flow-regulator is in effect (a “Flow-regulated Quarter”) is designed to treat all stockholders equally during the quarter as a whole, regardless of the particular day during the quarter when they choose to submit their redemption requests, based on the number of shares held by each stockholder as of the prior quarter-end. If, during a Flow-regulated Quarter, total redemptions for all stockholders in the aggregate are more than two and one-half percent of the Company’s total NAV as of the end of the immediately preceding quarter, then the Flow-regulator will continue to apply for the next succeeding quarter. If total redemptions for all stockholders in the aggregate during a Flow-regulated Quarter are equal to or less than two and one-half percent of the Company’s total NAV as of the end of the immediately preceding quarter, then the first-come, first-served Quarterly Limit discussed above will come back into effect for the next succeeding quarter, with the Quarterly Limit consisting of five percent plus any remaining amount of the Carryover Percent from the last quarter before the Flow-regulated Quarter (subject to the 10% quarterly limit). In addition, as of December 31, 2018 , CIM Income NAV Management owned 13,333 D Shares. Pursuant to the Company’s charter, CIM Income NAV Management is prohibited from selling these shares, which represents the initial investment in the Company, for so long as the CCO Group remains the Company’s sponsor; provided, however, that CIM Income NAV Management could transfer ownership of all or a portion of such shares to other affiliates of the Company’s sponsor. The Company may fund redemptions with proceeds from any available source, including, but not limited to, available cash, proceeds from sales of additional shares, excess cash flow from operations, sales of liquid investments, incurrence of indebtedness and, if necessary, proceeds from the disposition of real estate properties or real estate-related assets. The Company may reserve borrowing capacity under its Credit Facility and elect to borrow against the Credit Facility in part to redeem shares presented for redemption during periods when the Company does not have sufficient proceeds from the sale of shares to fund all redemption requests. Additionally, the Company’s board of directors may modify or suspend its redemption plan at any time in its sole discretion if it believes that such action is in the best interests of the stockholders. As of December 31, 2018 , the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheet for a total of $58.9 million . During the year ended December 31, 2018 , the Company received redemption requests for, and redeemed approximately 1.7 million D Shares of common stock for $31.8 million , 736,000 T Shares of common stock for $13.2 million and 172,000 I Shares of common stock for $3.2 million . Distributions Payable and Distribution Policy The Company’s board of directors authorized a daily distribution, based on 365 days in the calendar year of $0.002678083 per share for stockholders of record as of the close of business on each day of the period commencing on January 1, 2018 and ending on June 30, 2019 . The daily distribution amount for each class of outstanding common stock is adjusted based on the relative NAV of the various classes each day so that, from day to day, distributions constitute a uniform percentage of the NAV per share of all classes. As a result, from day to day, the per share daily distribution for each outstanding class of common stock may be higher or lower than the daily distribution amount authorized by the Company’s board of directors. As of December 31, 2018 , the Company had distributions payable of $2.7 million . Equity Based Compensation On August 9, 2018, the Board approved the adoption of the CIM Income NAV, Inc. 2018 Equity Incentive Plan (the “Plan”), under which 400,000 of the Company’s common shares were reserved for issuance and share awards of 393,000 are available for future grant at December 31, 2018. Under the Plan, the Board or a committee designated by the Board has the authority to grant restricted stock awards or deferred stock awards to non-employee directors of the Company, which will further align such directors’ interests with the interests of the Company’s stockholders. The Board or committee also has the authority to determine the terms of any award granted pursuant to the Plan, including vesting schedules, restrictions and acceleration of any restrictions. The Plan may be amended or terminated by the Board at any time. The Plan expires on August 8, 2028 . On October 1, 2018, the Company granted awards of approximately 1,800 restricted D Shares to each of the independent members of the Board (approximately 7,200 restricted shares in aggregate) under the Plan, which fully vest on October 1, 2019 based on one year of continuous service. As of December 31, 2018 , none of the restricted D Shares had vested or been fortified. The fair value of the Company’s share awards is determined using the Company’s NAV per share on the date of grant. Compensation expense related to these restricted D Shares is recognized over the vesting period. The Company recorded compensation expense of $33,000 for the year ended December 31, 2018 related to these restricted D Shares included in general and administrative expenses on the accompanying consolidated statement of operations. As of December 31, 2018 , there was $98,000 of total unrecognized compensation expense related to D Shares, which will be recognized ratably over the remaining period of service prior to October 1, 2019.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For federal income tax purposes, distributions to stockholders are characterized as ordinary dividends, capital gain distributions, or nondividend distributions. Nondividend distributions will reduce U.S stockholders’ basis (but not below zero) in their shares. The following table shows the character of the distributions the Company paid on a percentage basis for the years ended December 31, 2018 , 2017 , and 2016 : Year Ended December 31, Character of Distributions: 2018 2017 2016 Ordinary dividends 52.4 % 37.3 % 33.0 % Nondividend distributions 47.6 % 62.7 % 67.0 % Total 100 % 100 % 100 % During the years ended December 31, 2018 , 2017 and 2016 , the Company incurred state and local income and franchise taxes of $182,000 , $201,000 and $88,000 , respectively, which were recorded in general and administrative expenses on the consolidated statements of operations. The Company had no unrecognized tax benefits as of or during the years ended December 31, 2018 , 2017 and 2016 . Any interest and penalties related to unrecognized tax benefits would be recognized within the provision for income taxes in the accompanying consolidated statements of operations. The Company files income tax returns in the U.S. federal jurisdiction, as well as various state jurisdictions, and is subject to routine examinations by the respective tax authorities.

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES The Company’s real estate assets are leased to tenants under operating leases for which the terms and expirations vary. As of December 31, 2018 , the leases had a weighted-average remaining term of 10.9 years . Certain leases include provisions to extend the lease agreements, options for early termination after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other negotiated terms and conditions. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. As of December 31, 2018 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 64,531 2020 64,887 2021 65,147 2022 65,324 2023 64,455 Thereafter 417,715 Total $ 742,059

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS (UNAUDITED)	QUARTERLY RESULTS (UNAUDITED) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2018 and 2017 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period. December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 15,234 $ 17,768 $ 18,970 $ 18,940 Net income $ 1,161 $ 1,421 $ 188 $ 2,425 Net income attributable to the Company $ 1,152 $ 1,413 $ 179 $ 2,414 Basic and diluted net income per share - Class D common stock (1) $ 0.04 $ 0.05 $ 0.01 $ 0.08 Basic and diluted net income per share - Class T common stock (1) $ 0.04 $ 0.05 $ — $ 0.07 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.05 $ 0.01 $ 0.08 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters. December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 10,026 $ 11,126 $ 13,244 $ 13,750 Net (loss) income $ (77 ) $ 524 $ 76 $ (176 ) Net (loss) income attributable to the Company $ (86 ) $ 515 $ 68 $ (185 ) Basic and diluted net income (loss) per share - Class D common stock (1) $ — $ 0.03 $ — $ (0.01 ) Basic and diluted net (loss) income per share - Class T common stock (1) $ (0.01 ) $ 0.02 $ — $ (0.01 ) Basic and diluted net income per share - Class I common stock (1) $ — $ 0.03 $ 0.01 $ — ____________________________________ (1) The Company calculates net (loss) income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The following events occurred subsequent to December 31, 2018: Acquisition of Real Estate Assets Subsequent to December 31, 2018 , the Company acquired one real estate property, which was accounted for as an asset acquisition, for an aggregate purchase price of $10.9 million . The acquisition was funded with net proceeds from the Offering and available borrowings. The Company has not completed its initial purchase price allocation with respect to this property and therefore cannot provide similar disclosures to those included in Note 4 — Real Estate Assets in these consolidated financial statements for this property.

SCHEDULE III _ Real Estate Asse

SCHEDULE III – Real Estate Assets and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION	Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2018 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Real Estate Held for Investment: 7-Eleven Gloucester, VA (h) $ 355 $ 674 $ — $ 1,029 $ 53 2/9/2017 2011 Hampton (Mercury), VA (h) 652 394 — 1,046 36 2/9/2017 1979 Hampton (Ocean), VA (h) 1,045 446 — 1,491 35 2/9/2017 1962 Hampton (Village), VA (h) 1,316 464 — 1,780 36 2/9/2017 2001 Newport News, VA (h) 566 510 — 1,076 40 2/9/2017 2000 Poquoson, VA (h) 288 565 — 853 50 2/9/2017 2012 Surry, VA (h) 495 522 — 1,017 41 2/9/2017 1981 Williamsburg (Bypass), VA (h) 958 379 — 1,337 32 2/9/2017 1997 Williamsburg (John Tyler), VA (h) 421 281 — 702 27 2/9/2017 1977 AAA Office Park Hamilton, NJ (h) 3,254 25,221 10 28,485 700 3/22/2018 2007 Advance Auto Macomb Township, MI (h) 718 1,146 — 1,864 218 12/20/2011 2009 Ravenswood, WV (h) 150 645 58 853 61 6/17/2015 1996 Sedalia, MO (h) 374 1,187 — 1,561 171 9/23/2013 2013 AK Steel West Chester, OH (h) 1,028 19,914 — 20,942 503 4/30/2018 2007 Algonac Plaza Algonac, MI (h) 1,097 7,718 — 8,815 1,198 8/30/2013 2002 Amcor Rigid Plastics Ames, IA $8,300 775 12,179 — 12,954 1,307 9/19/2014 1996 Apex Technologies Mason, OH (h) 997 11,657 — 12,654 381 12/19/2017 1999 Art Van Furniture Monroeville, PA (h) 1,023 9,607 — 10,630 303 11/22/2017 2004 York, PA (h) 1,720 6,628 — 8,348 218 11/22/2017 1978 Aspen Dental — Somerset, KY (h) 285 1,037 — 1,322 121 8/18/2014 2014 At Home — Colorado Springs, CO (h) 989 9,347 — 10,336 564 9/9/2016 1969 O'Fallon, IL (h) 2,521 7,336 — 9,857 485 9/9/2016 1998 AT&T — Oklahoma City, OK (h) 622 1,493 — 2,115 226 5/1/2014 2013 AutoZone — Jesup, GA (h) 209 781 — 990 46 10/25/2016 2005 Vandalia, OH 532 778 — — 778 — 10/10/2014 2014 BioLife Plasma Services — Fort Wayne, IN 692 2,662 — 3,354 164 12/16/2016 2007 Moorhead, MN 728 3,109 — 3,837 185 12/16/2016 2008 Bob Evans Defiance, OH (h) 391 1,674 — 2,065 100 4/28/2017 2011 Dover, OH (h) 362 1,495 — 1,857 87 4/28/2017 2008 Dundee, MI (h) 403 1,438 — 1,841 79 4/28/2017 2000 Hamilton, OH (h) 393 1,305 — 1,698 77 4/28/2017 1997 Hummelstown, PA (h) 1,184 1,165 — 2,349 61 4/28/2017 1994 Mayfield Heights, OH (h) 721 919 — 1,640 55 4/28/2017 2003 Richmond, VA (h) 785 688 — 1,473 37 4/28/2017 1990 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2018 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Burger King Midwest City, OK $765 $ 576 $ 413 $ — $ 989 $ 45 9/30/2014 2015 Caliber Collision — Houston, TX (h) 466 4,929 — 5,395 327 8/11/2016 2016 San Antonio, TX (h) 196 2,918 — 3,114 163 1/19/2017 1963 Venice, FL (h) 857 2,662 — 3,519 179 8/12/2016 2015 CarMax Tinley Park, IL 15,800 3,282 21,974 — 25,256 985 6/27/2017 1998 Carrier Rental Systems — Houston, TX 2,800 749 3,832 — 4,581 422 9/4/2014 2006 Chili's and PetSmart Center — Panama City, FL (h) 1,371 4,411 129 5,911 398 12/10/2015 2005 Cottage Plaza Pawtucket, RI (h) 5,431 15,582 8 21,021 750 6/29/2017 2004 CVS — Austin, TX 1,830 1,417 1,579 81 3,077 291 12/8/2011 1997 Erie, PA (h) 1,007 1,157 63 2,227 209 12/9/2011 1999 Mansfield, OH (h) 270 1,691 81 2,042 306 12/9/2011 1998 Wisconsin Rapids, WA 1,790 517 2,148 — 2,665 280 12/13/2013 2013 DaVita Dialysis — Austell, GA (h) 581 2,359 — 2,940 281 5/6/2014 2009 Dollar General — Ada, MN (h) 144 867 — 1,011 64 4/8/2016 2015 Berwick, LA (h) 141 1,448 — 1,589 239 11/30/2012 2012 Erie, IL (h) 67 974 — 1,041 67 6/30/2016 2016 Gladwin, MI 780 121 1,119 — 1,240 149 1/24/2014 2013 Glasford, IL (h) 167 904 — 1,071 62 6/24/2016 2016 Independence, MO 837 276 1,017 — 1,293 158 3/15/2013 2012 Lexington, MI 707 89 1,033 — 1,122 138 1/24/2014 2013 New Richland, MN (h) 173 900 — 1,073 62 6/24/2016 2016 Ocala, FL (h) 205 1,308 — 1,513 157 5/7/2014 2013 Pine River, MN (h) 230 872 — 1,102 64 4/8/2016 2016 Redfield, SD (h) 43 839 — 882 99 9/5/2014 2014 Sardis City, AL (h) 334 1,058 — 1,392 177 6/26/2013 2012 Stacy, MN 658 84 810 — 894 86 11/6/2014 2014 Starbuck, MN (h) 76 946 — 1,022 69 4/15/2016 2016 St. Joseph, MO (h) 197 972 — 1,169 150 4/2/2013 2013 Topeka, KS 794 176 882 — 1,058 102 10/22/2014 2014 Trimble, MO (h) 212 802 — 1,014 54 6/30/2016 2016 Wheaton, MN (h) 134 874 — 1,008 64 4/22/2016 2016 Winthrop, MN (h) 130 876 — 1,006 64 4/8/2016 2016 Duluth Trading Arlington, TX (h) 1,123 3,859 — 4,982 46 8/16/2018 2018 Enid Crossing Enid, OK 3,407 685 4,426 — 5,111 650 6/30/2014 2013 Family Dollar Centreville, AL (h) 50 1,122 — 1,172 138 4/29/2014 2013 Danville, VA (h) 228 774 — 1,002 116 6/17/2014 2013 Darby, MT 881 244 889 — 1,133 108 9/30/2014 2014 Denton, NC (h) 334 545 — 879 76 6/17/2014 2012 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2018 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Family Dollar (continued) Deridder, LA (h) $ 183 $ 746 $ — $ 929 $ 107 9/3/2014 2014 Hampton, AR $651 131 741 — 872 111 9/15/2014 2014 Londonderry, OH (h) 65 1,078 — 1,143 146 9/3/2014 2014 Tatum, NM 700 130 805 — 935 111 3/31/2014 2014 West Portsmouth, OH (h) 214 768 — 982 89 9/23/2014 2004 FedEx Elko, NV (h) 186 2,024 — 2,210 297 5/28/2013 2012 Spirit Lake, IA (h) 115 2,501 — 2,616 335 12/12/2013 2013 FleetPride Mobile, AL (h) 695 2,445 — 3,140 272 10/22/2015 2015 Fresh Thyme Indianapolis, IN 4,470 1,074 7,452 — 8,526 313 9/26/2017 2016 Worthington, OH (h) 2,648 6,498 — 9,146 414 8/9/2016 2015 Great White Oklahoma City, OK (h) 323 4,031 — 4,354 513 5/29/2014 1973 H&E Equipment Services Albuquerque, NM (h) 1,211 4,278 — 5,489 111 6/19/2018 2016 Fort Myers, FL (h) 735 3,963 — 4,698 78 6/19/2018 2016 Suwanee, GA (h) 1,020 3,505 — 4,525 61 6/19/2018 2016 Headwaters Bryan, TX (h) 273 961 — 1,234 111 7/23/2014 2014 Hobby Lobby Cadillac, MI (h) 480 4,382 — 4,862 77 6/22/2018 2017 Sedalia, MO (h) 478 3,976 — 4,454 90 3/15/2018 2016 Watertown, SD (h) 565 4,252 — 4,817 113 2/22/2018 2016 Willmar, MN (h) 1,289 3,721 — 5,010 105 2/22/2018 2017 Jewel-Osco Spring Grove, IL (h) 739 9,530 — 10,269 34 11/14/2018 2007 Wood Dale, IL (h) 3,368 6,146 — 9,514 22 11/14/2018 1995 Jo-Ann's Roseville, MI (h) 506 2,747 — 3,253 457 9/30/2013 2013 Kloeckner University Park, IL (h) 816 11,887 — 12,703 44 11/7/2018 2016 Kum & Go Cedar Rapids, IA 1,501 630 1,679 — 2,309 253 5/3/2013 2011 LA Fitness Pawtucket, RI (h) 5,556 7,071 — 12,627 640 10/11/2016 2015 Rock Hill, SC (h) 630 7,858 — 8,488 422 4/6/2017 2015 Lowe's Fremont, OH 5,312 1,287 7,125 278 8,690 1,117 12/11/2013 1996 North Dartmouth, MA (h) 7,334 11,976 — 19,310 832 1/4/2017 2004 Marshalls Wilkesboro, NC (h) 968 1,775 151 2,894 118 10/20/2016 1999 Marshalls & Petco — Blaine, MN (h) 1,642 5,170 — 6,812 388 12/29/2016 2016 Mattress Firm Fairview Park, OH (h) 646 830 — 1,476 108 6/16/2014 2014 Gadsden, AL (h) 393 1,413 — 1,806 207 6/10/2013 2012 Phoenix, AZ (h) 550 956 — 1,506 125 2/26/2014 2014 Mattress Firm & Panera Bread Elyria, OH (h) 1,100 2,836 — 3,936 239 4/7/2016 2015 McAlister's Deli Amarillo, TX (h) 435 1,050 — 1,485 152 3/27/2014 2010 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2018 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed McAlister’s Deli (continued) Shawnee, OK (h) $ 601 $ 1,054 $ — $ 1,655 $ 145 3/27/2014 2007 Mister Carwash Hudson, FL (h) 1,014 843 — 1,857 48 10/19/2016 2007 Spring Hill, FL (h) 961 1,156 — 2,117 65 10/19/2016 2008 National Tire & Battery Conyers, GA $1,657 522 1,845 — 2,367 209 9/26/2014 1995 Natural Grocers Prescott, AZ 2,367 795 2,802 — 3,597 463 5/6/2013 2012 North Lake Square Gainesville, GA 13,365 1,318 22,598 — 23,916 960 7/26/2017 2015 Northern Tool Hoover, AK (h) 691 2,150 — 2,841 257 8/15/2014 2014 O'Reilly Auto Parts Decatur, GA (h) 491 985 — 1,476 59 9/12/2016 2007 Fayetteville, NC (h) 132 1,246 — 1,378 150 3/18/2014 2012 PetSmart Lexington, NC (h) 605 3,162 — 3,767 201 1/27/2017 2016 Little Rock, AR (h) 1,283 2,820 — 4,103 431 7/19/2013 1996 McAllen, TX 2,924 1,961 1,994 — 3,955 352 9/30/2014 1995 Procter & Gamble Fayetteville, AR (h) 1,757 8,663 — 10,420 173 4/2/2018 2006 Raising Canes Avondale, AZ (h) 1,435 1,857 — 3,292 215 5/23/2014 2013 Sam's Club Timonium, MD 9,150 6,194 11,042 — 17,236 892 11/28/2016 2000 Sherwin-Williams Douglasville, GA (h) 417 578 — 995 83 8/2/2013 2009 Fort Myers, FL (h) 515 703 — 1,218 40 4/26/2017 2016 Lawrenceville, GA (h) 320 845 — 1,165 131 9/24/2013 2013 Pigeon Forge, TN (h) 393 661 — 1,054 39 11/1/2016 2015 Shopko Larned, KS (h) 49 1,727 — 1,776 216 6/30/2014 2008 Nephi, UT (h) 180 2,872 — 3,052 216 3/4/2016 2015 Sleepy's — Roanoke Rapids, NC (h) 238 1,267 — 1,505 113 8/17/2015 2015 Sunoco Merritt Island, FL (h) 577 1,762 — 2,339 252 4/12/2013 2008 SuperValu Oglesby, IL (h) 1,190 14,098 — 15,288 167 7/23/2018 1996 Tailwinds Denton, TX (h) 884 7,747 — 8,631 840 9/30/2014 2013 Tellico Greens Loudon, TN 3,000 823 3,959 — 4,782 524 12/20/2013 2008 Tempe Commerce Tempe, AZ (h) 1,975 12,512 83 14,570 431 12/22/2017 1998 Tempe, AZ (h) 1,872 10,758 — 12,630 105 9/17/2018 1998 Teradata Miami Township, OH (h) 1,161 9,181 — 10,342 618 12/12/2016 2010 The Toro Company Windom, MN (h) 73 8,708 — 8,781 585 5/19/2016 2016 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2018 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Time Warner Streetsboro, OH $3,543 $ 811 $ 3,849 $ — $ 4,660 $ 436 9/30/2014 2003 Tire Centers Decatur, AL 1,311 208 $ 1,329 $ — $ 1,537 $ 158 10/3/2014 1998 Title Resource Group — Mt. Laurel, NJ 9,240 2,188 12,380 — 14,568 1,540 11/24/2015 2004 TJ Maxx Danville, IL (h) 271 2,528 — 2,799 420 9/23/2013 2013 Triangle Town Place Raleigh, NC 16,400 4,694 23,044 — 27,738 1,262 12/15/2016 2004 Valeo North American HQ Troy, MI (h) 1,564 11,662 — 13,226 391 2/9/2018 2000 Valeo Production Facility East Liberty, OH (h) 268 5,564 — 5,832 242 6/2/2017 2016 Valvoline HQ Lexington, KY (h) 5,204 31,112 — 36,316 832 3/1/2018 2017 Walgreens Albuquerque, NM (h) 789 1,609 10 2,408 288 12/7/2011 1995 Coweta, OK 2,600 725 3,246 — 3,971 370 6/30/2014 2009 Reidsville, NC 3,603 610 3,801 — 4,411 691 12/8/2011 2008 St. Louis, MO 2,534 307 3,205 — 3,512 353 8/8/2014 2007 Walmart Randallstown, MD 14,250 7,748 22,021 — 29,769 1,111 5/17/2017 2012 Weasler Engineering West Bend, WI (h) 600 12,732 — 13,332 177 6/22/2018 1957 West Marine Mystic, CT (h) 1,168 3,132 — 4,300 290 9/11/2015 2014 $138,459 $ 146,675 $ 651,342 $ 952 $ 798,969 $ 41,645 ____________________________________ (a) As of December 31, 2018 , the Company owned 122 retail, six anchored shopping centers, 14 industrial and distribution and 10 office properties. (b) Consists of capital expenditures and real estate development costs, and impairment charges. (c) Gross intangible lease assets of $127.2 million and the associated accumulated amortization of $23.1 million are not reflected in the table above. (d) The aggregate cost for federal income tax purposes was approximately $907.9 million . (e) The following is a reconciliation of total real estate carrying value for the years ended December 31: 2018 2017 2016 Balance, beginning of period $ 618,085 $ 406,447 $ 237,401 Additions Acquisitions 221,951 219,584 168,901 Improvements 472 598 145 Total additions $ 222,423 $ 220,182 $ 169,046 Deductions Dispositions (39,272 ) — — Impairments (2,267 ) (227 ) — Reclassified to assets held for sale — (8,317 ) — Total deductions $ (41,539 ) $ (8,544 ) $ — Balance, end of period $ 798,969 $ 618,085 $ 406,447 (f) The following is a reconciliation of accumulated depreciation for the years ended December 31: 2018 2017 2016 Balance, beginning of period $ 26,073 $ 14,768 $ 8,168 Additions Acquisitions - depreciation expense 17,099 11,537 6,576 Improvements - depreciation expense 1,327 544 24 Total additions $ 18,426 $ 12,081 $ 6,600 Deductions Impairments — (10 ) — Dispositions (2,854 ) — — Reclassified to assets held for sale — (766 ) — Total deductions $ (2,854 ) $ (776 ) $ — Balance, end of period $ 41,645 $ 26,073 $ 14,768 (g) The Company’s assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. Generally, buildings are depreciated over 40 years , site improvements are amortized over 15 years , and tenant improvements are amortized over the remaining life of the lease or the useful life, whichever is shorter. (h) Part of the Credit Facility’s Borrowing Base. As of December 31, 2018 , the Company had $218.5 million outstanding under the Credit Facility.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the Consolidated Joint Venture in which the Company has a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). VIEs are entities where investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or where equity investors, as a group, lack one of the following characteristics: (a) the power to direct the activities that most significantly impact the entity’s economic performance, (b) the obligation to absorb the expected losses of the entity, or (c) the right to receive the expected returns of the entity. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. For legal entities being evaluated for consolidation, the Company must first determine whether the interests that it holds and fees it receives qualify as variable interests in the entity. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. The Company’s evaluation includes consideration of fees paid to the Company where the Company acts as a decision maker or service provider to the entity being evaluated. If the Company determines that it holds a variable interest in an entity, it evaluates whether that entity is a VIE. A VIE must be consolidated by its primary beneficiary, which is generally defined as the party who has a controlling financial interest in the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance and its obligation to absorb losses from or right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates any VIEs when the Company is determined to be the primary beneficiary of the VIE, and the difference between consolidating the VIE and accounting for it using the equity method could be material to the Company’s consolidated financial statements. The Company continually evaluates the need to consolidate any VIEs based on standards set forth in GAAP as described above. As of December 31, 2018 and 2017 , the Company determined that it had a controlling interest in the Consolidated Joint Venture and therefore met the GAAP requirements for consolidation.
Reclassifications	Reclassification The Company adopted Accounting Standards Update (“ASU”) ASU 2017-12, as defined in “Recent Accounting Pronouncements,” during the first quarter of fiscal year 2018. Accordingly, for the year ended December 31, 2018 , the Company recorded a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of accumulated distributions in excess of earnings of $37,000 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Real Estate Assets, Recoverability of Real Estate Assets, Assets Held for Sale and Disposition of Real Estate Assets	Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. During the year ended December 31, 2018 , the Company recorded impairment charges of $2.3 million , related to one anchored shopping center , due to the carrying value being greater than the selling price, net of selling costs. During the year ended December 31, 2017 , the Company recorded impairment charges of $227,000 , related to one anchored shopping center held for sale, due to the carrying value being greater than the selling price, net of selling costs. The assumptions and uncertainties utilized in the evaluation of the impairment of real estate assets are discussed in detail in Note 3 — Fair Value Measurements. See also Note 4 — Real Estate Assets for further discussion regarding real estate acquisition and disposition activity. No impairment indicators were identified and no impairment losses were recorded during the year ended December 31, 2016 . The Company’s assessment of impairment as of December 31, 2018 was based on the most current information available to the Company, including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company can provide no assurance that material impairment charges with respect to the Company’s real estate assets will not occur in 2019 or future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of December 31, 2018 . In 2017, the Company identified one property as held for sale, which was sold subsequent to December 31, 2017 , as discussed in Note 4 — Real Estate Assets. Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in operating income, and any associated gains or losses from the disposition are included in Gain on disposition of real estate, net.
Allocation of Purchase Price of Real Estate Assets	Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The fair values of above- and below-market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including, for below-market leases, any bargain renewal periods. The above- and below-market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above-market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below-market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, the remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above- or below-market lease intangibles relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include leasing commissions, legal and other related expenses and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Upon adoption of ASU 2017-01 (as defined below) in April 2017, contingent consideration arrangements for asset acquisitions are recognized when the contingency is resolved. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The Company estimates the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized or accreted to interest expense over the term of the respective mortgage note payable. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. In April 2017, the Company elected to early adopt ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”), which clarifies the definition of a business by adding guidance to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Beginning in April 2017, all real estate acquisitions qualified as asset acquisitions, and as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions are now capitalized and allocated to tangible and intangible assets and liabilities as described above. Other acquisition-related expenses, such as advisor reimbursements, continue to be expensed as incurred and are included in transaction-related expenses on the accompanying consolidated statements of operations. Prior to the adoption of ASU 2017-01 in April 2017, all of the Company’s real estate acquisitions were accounted for as business combinations, and as such, acquisition-related expenses related to these business combination acquisitions were expensed as incurred. Prior to April 2017, acquisition-related expenses included within transaction-related expenses in the Company’s consolidated statements of operations primarily consisted of legal, deed transfer and other costs related to real estate purchase transactions, including costs incurred for deals that were not consummated. The Company expects its future acquisitions to qualify as asset acquisitions and, as such, the Company will allocate the purchase price to acquired tangible assets and identified intangible assets and liabilities on a relative fair value basis.
Investment in Marketable Securities	Investment in Marketable Securities Investment in marketable securities consists primarily of the Company ’ s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2018 , the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in other comprehensive (loss) income . The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest and other expense, net. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method.
Noncontrolling Interest in Consolidated Joint Venture	Noncontrolling Interest in Consolidated Joint Venture The Company has a controlling interest in a Consolidated Joint Venture and, therefore, met the GAAP requirements for consolidation.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash in bank accounts, as well as investments in highly-liquid money market funds. The Company deposits cash with several high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (“FDIC”) up to an insurance limit of $250,000. At times, the Company’s cash and cash equivalents may exceed federally insured levels. Although the Company bears risk on amounts in excess of those insured by the FDIC, it has not experienced and does not anticipate any losses due to the high quality of the institutions where the deposits are held. The Company had $806,000 and $1,000 in restricted cash as of December 31, 2018 and 2017 , respectively. Included in restricted cash was $158,000 and $1,000 held by lenders in lockbox accounts as of December 31, 2018 and 2017 , respectively. As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which funds in excess of the required minimum balance are disbursed on a weekly basis to the Company. Restricted cash as of December 31, 2018 also included $648,000 held in escrow for tenant improvements at a certain property in accordance with the associated lease agreement, and no amounts were held for such a lease as of December 31, 2017 .
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These costs are amortized to interest expense over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs are written off when the associated debt is refinanced or repaid before maturity. The presentation of all deferred financing costs, other than those associated with the revolving loan portion of the credit facility, are classified such that the debt issuance costs related to a recognized debt liability are presented on the consolidated balance sheets as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Debt issuance costs related to securing a revolving line of credit are presented as an asset and amortized ratably over the term of the line of credit arrangement. As such, the Company’s current and corresponding prior period total deferred financing costs, net in the accompanying consolidated balance sheets relate only to the revolving loan portion of the credit facility and the historical presentation, amortization and treatment of unamortized costs are still applicable. As of December 31, 2018 and 2017 , the Company had $1.0 million and $1.4 million , respectively, of deferred financing costs, net of accumulated amortization, related to the revolving loan portion of the credit facility. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined the financing will not close.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the derivative instrument that is designated as a hedge is recorded as other comprehensive (loss) income . The changes in fair value for derivative instruments that are not designated as hedges or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations.
Due to affiliates	Due to Affiliates CIM Income NAV Management and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets.
Redeemable Common Stock	Redeemable Common Stock The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 13 — Stockholders’ Equity to these consolidated financial statements. The Company records the maximum amount that is redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value.
Stockholder Servicing Fee	Stockholder Servicing Fees The Company pays CCO Capital stockholder servicing fees, which are calculated on a daily basis in the amount of 1/365th of 0.25%, 0.85% and 0.85% of the per share NAV, respectively, for each class of common stock outstanding for D Shares, T Shares and S Shares. The Company does not pay a stockholder servicing fee with respect to I Shares. The stockholder servicing fees are paid monthly in arrears. An estimated liability for future stockholder servicing fees payable to CCO Capital is recognized at the time each share is sold and included in due to affiliates in the consolidated balance sheets with a corresponding decrease to capital in excess of par value.
Revenue Recognition	Revenue Recognition Certain properties have leases where the minimum rental payment increases during the term of the lease. The Company records rental income for the full term of each lease on a straight-line basis when earned and collectability is reasonably assured. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Expected reimbursements from tenants for recoverable real estate taxes and operating expenses are included in tenant reimbursement income in the period when such costs are incurred. Effective January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes the revenue recognition requirements in Revenue Recognition, Accounting Standards Codification (“ASC”) Topic 605 and requires an entity to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company records revenue for real estate taxes and insurance reimbursed by its tenants on the leased properties, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the consolidated statements of operations as the Company has concluded it is the primary obligor. The Company has identified its revenue streams as rental income from leasing arrangements and tenant reimbursement income, which are outside of the scope of Topic 606. The Company adopted ASU 2014-09 using the modified retrospective approach and determined it did not have a material impact on the Company’s consolidated financial statements. The Company continually reviews receivables related to rent, including any straight-line rent, and current and future operating expense reimbursements from tenants and determines their collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, the business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is uncertain, the Company will record an increase in the allowance for uncollectible accounts.
Income Taxes	Income Taxes The Company elected to be taxed, and currently qualifies, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Earnings (Loss) and Distributions Per Share	Earnings (Loss) and Distributions Per Share The Company has four classes of common stock with nonforfeitable dividend rights that are determined based on a different NAV for each class. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. Diluted income per share, when applicable, considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2018 , 2017 or 2016 . Distributions per share are calculated based on the authorized daily distribution rate.
Offering and Related Costs	Offering and Related Costs CIM Income NAV Management funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding upfront selling commissions and dealer manager fees, as applicable, charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2018 , CIM Income NAV Management, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to CIM Income NAV Management.
Reportable Segments	Reportable Segments The Company’s commercial real estate assets primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar economic characteristics. The Company’s management evaluates operating performance on an overall portfolio level; therefore the Company’s properties are one reportable segment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by various standard setting bodies that may have an impact on the Company’s accounting and reporting. Except as otherwise stated below, the Company is currently evaluating the effect that certain new accounting requirements may have on the Company’s accounting and related reporting and disclosures in the Company’s consolidated financial statements. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). The amendments in this update require that most lease obligations be recognized as a right of use asset with a corresponding liability on the balance sheet. The guidance also requires additional qualitative and quantitative disclosures to assess the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The FASB has subsequently issued other related ASU, which amend ASU 2016-02 to provide transition practical expedients that an entity may elect to apply and other guidance. In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements, which provides companies with an additional transition option that would permit the application of ASU 2016-02 as of the adoption date rather than to all periods presented. The Company will use this transition option upon adoption of the new standard on January 1, 2019 and use the effective date as the date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The Company has finalized its assessment of its inventory of leases that will be impacted by adoption of the new guidance. The Company will elect the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The accounting for lease components will largely be unchanged from existing GAAP and the Company will elect the practical expedient to not separate non-lease components from lease components. The Company does not expect the adoption of ASU 2016-02 to have a material impact on the accounting treatment and disclosure of the Company’s net leases, which are the primary source of the Company’s revenues. The Company does not have material leases where it is the lessee. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). ASU 2016-13 is intended to improve financial reporting requiring more timely recognition of credit losses on loans and other financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investment in leases and other such commitments. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets and eliminates the “incurred loss” methodology under current GAAP. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact this amendment will have on its consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”). The targeted amendments in this ASU are designed to help simplify certain aspects of hedge accounting and result in a more accurate portrayal of the economics of an entity’s risk management activities in its financial statements. ASU 2017-12 applies to the Company’s interest rate swaps designated as cash flow hedges. ASU 2017-12 requires all changes in the fair value of highly effective cash flow hedges to be recorded in accumulated other comprehensive income. Under GAAP, the ineffective portion of the change in fair value of cash flow hedges is recognized directly in earnings. This eliminates the requirement to separately measure and disclose ineffectiveness for qualifying cash flow hedges. ASU 2017-12 is effective for public entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. ASU 2017-12 is required to be adopted using a modified retrospective approach with early adoption permitted. The Company early adopted ASU 2017-12 during the first quarter of fiscal year 2018. Accordingly, during the year ended December 31, 2018 , the Company recorded a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of accumulated distributions in excess of earnings of $37,000 . In August 2018, the FASB issued ASU No. 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This ASU amends and removes several disclosure requirements including the valuation processes for Level 3 fair value measurements. ASU 2018-13 also modifies some disclosure requirements and requires additional disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and requires the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The provisions of ASU 2018-13 are effective January 1, 2020 using a prospective transition method for amendments effecting changes in unrealized gains and losses, significant unobservable inputs used to develop Level 3 fair value measurements and narrative description on uncertainty of measurements. The remaining provisions of the ASU are to be applied retrospectively, and early adoption is permitted. The Company is evaluating the impact of this ASU’s adoption, and does not believe this ASU will have a material impact on its consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16”). The amendments in this ASU permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes. The SOFR is a volume-weighted median interest rate that is calculated daily based on overnight transactions from the prior day’s activity in specified segments of the U.S. Treasury repo market. It has been selected as the preferred replacement for the U.S. dollar LIBOR, which will be phased out by the end of 2021. ASU 2018-16 is effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2018-16 is required to be adopted on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company currently uses LIBOR as its benchmark interest rate in the Company’s interest rate swaps associated with the Company’s LIBOR-based variable rate borrowings. The Company has not entered into any new or redesignated hedging relationships on or after the date of adoption of ASU 2018-16; as such, the Company is currently evaluating the potential effect this new benchmark interest rate option will have on its consolidated financial statements.
Fair Value Measurement	GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 — Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
Fair Value of Financial Instruments	The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities: Credit facility and notes payable — The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. Current and prior period liabilities’ carrying and fair values exclude net deferred financing costs. These financial instruments are valued using Level 2 inputs. As of December 31, 2018 , the estimated fair value of the Company’s debt was $350.2 million , compared to a carrying value of $356.9 million . As of December 31, 2017 , the estimated fair value of the Company’s debt was $274.0 million , compared to a carrying value of $278.2 million . Marketable securities — The Company’s marketable securities are carried at fair value and are valued using Level 1 inputs. The estimated fair value of the Company’s marketable securities are based on quoted market prices that are readily and regularly available in an active market. Derivative instruments — The Company’s derivative instruments are comprised of interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the respective counterparties. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2018 and 2017 , the Company has assessed the overall significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of the Company’s derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Other financial instruments — The Company considers the carrying values of its cash and cash equivalents, restricted cash, tenant receivables, accrued expenses and accounts payable , other liabilities, due to affiliates and distributions payable to approximate their fair values because of the short period of time between their origination and their expected realization as well as their highly-liquid nature. Due to the short-term maturities of these instruments, Level 1 inputs are utilized to estimate the fair value of these financial instruments. Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, upon disposition of the financial assets and liabilities.
Environmental Matters	Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. In addition, the Company may own or acquire certain properties that are subject to environmental remediation. Generally, the seller of the property, the tenant of the property and/or another third party is responsible for environmental remediation costs related to a property. Additionally, in connection with the purchase of certain properties, the respective sellers and/or tenants may agree to indemnify the Company against future remediation costs. The Company also carries environmental liability insurance on its properties that provides limited coverage for any remediation liability and/or pollution liability for third-party bodily injury and/or property damage claims for which the Company may be liable. The Company is not aware of any environmental matters which it believes are reasonably likely to have a material effect on its results of operations, financial condition or liquidity.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Investment in and valuation of real estate and related assets	The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of fair value of company's financial assets and liabilities	In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of December 31, 2018 and 2017 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 2,856 $ — $ 2,856 $ — Marketable securities 5,466 5,466 — — Total financial assets $ 8,322 $ 5,466 $ 2,856 $ — Financial liability: Interest rate swap $ (2,199 ) $ — $ (2,199 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2017 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 1,718 $ — $ 1,718 $ — Marketable securities 5,496 5,496 — — Total financial assets $ 7,214 $ 5,496 $ 1,718 $ — Financial liabilities: Interest rate swaps $ (17 ) $ — $ (17 ) $ —
Summary of impairment charges by asset class	The following table presents the impairment charges by asset class recorded during the year ended December 31, 2018 and 2017 (in thousands): Year Ended December 31, 2018 2017 Asset class impaired: Land $ 454 $ 3 Buildings and improvements 1,000 210 Intangible lease assets 1,176 14 Intangible lease liabilities (363 ) — Total impairment loss $ 2,267 $ 227

REAL ESTATE ASSETS (Tables)

REAL ESTATE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of asset acquisitions	The following table summarizes the consideration transferred for the properties purchased during the year ended December 31, 2017 (in thousands): 2017 Acquisitions Real estate assets: Purchase price of asset acquisitions $ 200,991 Purchase price of business combinations 52,457 Total purchase price of real estate assets acquired (1) $ 253,448 ______________________ (1) The weighted average amortization period for the 2017 Acquisitions is 12.6 years for acquired in-place leases and other intangibles, 15.7 years for acquired above-market leases and 13.8 years for acquired intangible lease liabilities.
Schedule of purchase price allocation	The following table summarizes the purchase price allocation for the 2018 Asset Acquisitions purchased during the year ended December 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 28,293 Buildings and improvements 193,658 Acquired in-place leases and other intangibles (1) 31,279 Acquired above-market leases (2) 5,707 Intangible lease liabilities (3) (4,721 ) Total purchase price $ 254,216 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 13.7 years . (2) The weighted average amortization period for acquired above-market leases was 14.0 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 17.5 years . The following table summarizes the purchase price allocation for the 2017 Asset Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Asset Acquisitions Land $ 30,220 Building and improvements 152,840 Acquired in-place leases and other intangibles 23,164 Acquired above-market leases 1,522 Intangible lease liabilities (6,755 ) Total purchase price $ 200,991 The following table summarizes the purchase price allocation for the 2017 Business Combination Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Business Combinations Land $ 14,232 Building and improvements 22,292 Acquired in-place leases and other intangibles 15,911 Acquired above-market leases 1,423 Intangible lease liabilities (1,401 ) Total purchase price $ 52,457 The following table summarizes the purchase price allocation for the acquisitions purchased during the year ended December 31, 2016 (in thousands): 2016 Acquisitions Land $ 37,073 Building and improvements 131,828 Acquired in-place leases and other intangibles (1) 17,293 Acquired above-market leases (2) 2,828 Intangible lease liabilities (3) (2,733 ) Total purchase price $ 186,289 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 15.9 years . (2) The weighted average amortization period for acquired above-market leases was 16.6 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 15.5 years .
Business acquisition, pro forma information	The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the years ended December 31, 2017 and 2016 (in thousands): Year Ended December 31, 2017 December 31, 2016 Pro forma basis (unaudited): Revenue $ 48,362 $ 30,872 Net income (loss) $ 702 $ (1,805 ) The table below presents the Company’s estimated revenue and net income, on a pro forma basis, for the years ended December 31, 2016 and 2015 (in thousands): Year Ended December 31, 2016 December 31, 2015 Pro forma basis (unaudited): Revenue $ 37,204 $ 33,132 Net income $ 963 $ 9,254

INTANGIBLE LEASE ASSETS AND L_2

INTANGIBLE LEASE ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Intangible lease assets and liabilities consisted of the following as of December 31, 2018 and 2017 (in thousands, except weighted average life remaining): As of December 31, 2018 2017 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $20,688 and $12,955, respectively (with a weighted average life remaining of 13.8 years and 10.7 years, respectively) $ 91,549 $ 71,543 Acquired above-market leases, net of accumulated amortization of $2,422 and $1,522, respectively (with a weighted average life remaining of 12.6 years and 12.3 years, respectively) 12,550 7,871 Total intangible lease assets, net $ 104,099 $ 79,414 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $3,280 and $2,075, respectively (with a weighted average life remaining of 21.4 years and 11.2 years, respectively) $ 15,506 $ 12,753
Schedule of amortization of below market lease	The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2018 , 2017 and 2016 (in thousands): Year Ended December 31, 2018 2017 2016 In-place lease and other intangible amortization $ 8,971 $ 6,491 $ 2,969 Above-market lease amortization $ 959 $ 745 $ 417 Below-market lease amortization $ 1,501 $ 1,200 $ 448
Schedule of finite-lived intangible assets amortization expense	The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2018 , 2017 and 2016 (in thousands): Year Ended December 31, 2018 2017 2016 In-place lease and other intangible amortization $ 8,971 $ 6,491 $ 2,969 Above-market lease amortization $ 959 $ 745 $ 417 Below-market lease amortization $ 1,501 $ 1,200 $ 448
Schedule of finite-lived intangible assets, future amortization expense	As of December 31, 2018 , the estimated amortization relating to the intangible lease assets and liabilities for each of the five succeeding fiscal years is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2019 $ 9,510 $ 1,139 $ 1,591 2020 $ 9,308 $ 1,132 $ 1,566 2021 $ 9,161 $ 1,132 $ 1,350 2022 $ 9,118 $ 1,132 $ 1,312 2023 $ 8,854 $ 1,123 $ 1,278
Schedule of finite-lived intangible assets, future amortization	As of December 31, 2018 , the estimated amortization relating to the intangible lease assets and liabilities for each of the five succeeding fiscal years is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2019 $ 9,510 $ 1,139 $ 1,591 2020 $ 9,308 $ 1,132 $ 1,566 2021 $ 9,161 $ 1,132 $ 1,350 2022 $ 9,118 $ 1,132 $ 1,312 2023 $ 8,854 $ 1,123 $ 1,278

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	The following is a summary of the Company’s available-for-sale securities as of December 31, 2018 (in thousands): Available-for-sale securities Amortized Cost Basis Unrealized (Loss) Gain Fair Value U.S. Treasury Bonds $ 1,951 $ (21 ) $ 1,930 U.S. Agency Bonds 708 (9 ) 699 Corporate Bonds 2,899 (62 ) 2,837 Total available-for-sale securities $ 5,558 $ (92 ) $ 5,466
Schedule of available-for-sale securities reconciliation	The following table provides the activity for the marketable securities during the year ended December 31, 2018 (in thousands): Amortized Cost Basis Unrealized (Loss) Gain Fair Value Marketable securities as of January 1, 2018 $ 5,503 $ (7 ) $ 5,496 Face value of marketable securities acquired 1,284 — 1,284 Premiums and discounts on purchase of marketable securities, net of acquisition costs (15 ) — (15 ) Amortization on marketable securities (9 ) — (9 ) Sales and maturities of securities (1,205 ) 3 (1,202 ) Unrealized loss on marketable securities — (88 ) (88 ) Marketable securities as of December 31, 2018 $ 5,558 $ (92 ) $ 5,466
Unrealized gain (loss) on investments	The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities as of December 31, 2018 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands): Less than 12 Months 12 Months or More Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses U.S. Treasury Bonds $ 628 $ (11 ) $ 764 $ (25 ) $ 1,392 $ (36 ) U.S. Agency Bonds 699 (9 ) — — 699 (9 ) Corporate Bonds 2,428 (59 ) 161 (4 ) 2,589 (63 ) Total temporarily impaired securities $ 3,755 $ (79 ) $ 925 $ (29 ) $ 4,680 $ (108 )
Investments classified by contractual maturity date	The scheduled maturities of the Company’s marketable securities as of December 31, 2018 are as follows (in thousands): Available-for-sale securities Amortized Cost Estimated Fair Value Due within one year $ 115 $ 114 Due after one year through five years 2,474 2,439 Due after five years through ten years 2,602 2,548 Due after ten years 367 365 Total $ 5,558 $ 5,466

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of December 31, 2018 and 2017 (dollar amounts in thousands): Outstanding Notional Amount as of December 31, 2018 Fair Value of Assets and (Liabilities) Balance Sheet Location Interest Rates (1) Effective Dates Maturity Dates December 31, 2018 December 31, 2017 Interest Rate Swaps Derivative assets, prepaid expenses, property escrow deposits and other assets $ 190,705 3.23% to 4.17% 6/30/2015 to 9/29/2017 9/12/2019 to 8/1/2022 $ 2,856 $ 1,718 Interest Rate Swap Deferred rental income, derivative liability and other liabilities $ 100,000 4.74% 10/31/2018 9/6/2022 $ (2,199 ) $ (17 ) ____________________________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of December 31, 2018 .

CREDIT FACILITY AND NOTES PAY_2

CREDIT FACILITY AND NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Summary of debt activity	The following table summarizes the debt balances as of December 31, 2018 and 2017 , and the debt activity for the year ended December 31, 2018 (in thousands): During the Year Ended December 31, 2018 Balance as of January 1, 2018 Debt Issuances, Net (1) Repayments Amortization Balance as of Credit facility $ 128,500 $ 206,000 $ (116,000 ) $ — $ 218,500 Fixed rate debt 149,734 — (11,275 ) — 138,459 Total debt 278,234 206,000 (127,275 ) — 356,959 Deferred costs - credit facility (2) (1,725 ) — 130 (3 ) 208 (1,387 ) Deferred costs - fixed rate debt (1,679 ) — — 361 (1,318 ) Total debt, net $ 274,830 $ 206,000 $ (127,145 ) $ 569 $ 354,254 ____________________________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs relate to the term portion of the credit facility, as discussed in Note 2 — Summary of Significant Accounting Policies. (3) Represents deferred financing costs written off, related to the repayment of two loans upon the sale of the properties securing the loans.
Schedule of maturities of long-term debt	The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt as of December 31, 2018 for each of the five succeeding fiscal years and the period thereafter (in thousands): Year Ending December 31, Principal Repayments 2019 $ — 2020 9,240 2021 26,442 2022 304,327 2023 — Thereafter 16,950 Total $ 356,959

SUPPLEMENTAL CASH FLOW DISCLO_2

SUPPLEMENTAL CASH FLOW DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow	Supplemental cash flow disclosures for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, 2018 2017 2016 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs $ (2,236 ) $ 9,460 $ 7,782 Distributions to stockholders declared and unpaid $ 2,719 $ 2,126 $ 1,444 Common stock issued through distribution reinvestment plan $ 13,774 $ 10,289 $ 5,984 Change in fair value of marketable securities $ (85 ) $ 22 $ 44 Change in fair value of interest rate swaps $ (1,044 ) $ 2,007 $ (41 ) Accrued deferred financing costs $ 9 $ — $ — Accrued capital expenditures $ — $ 163 $ 12 Supplemental Cash Flow Disclosures: Interest paid $ 13,273 $ 7,864 $ 4,346 Cash paid for income taxes $ 184 $ 194 $ 130

RELATED-PARTY TRANSACTIONS AN_2

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of related party transactions	In connection with the Offering, CCO Capital, the Company’s dealer manager, will receive upfront selling commissions and dealer manager fees, and/or an asset-based stockholder servicing fees, as summarized in the table below for each class of common stock: Upfront Selling Commissions Dealer Manager Fees Ongoing Stockholder Servicing Fees (2) D Shares (1) 1.50 % — % 0.25 % T Shares (1) 3.00 % 0.50 % 0.85 % S Shares (1) 3.50 % — % 0.85 % I Shares — — % — ____________________________________ (1) The upfront selling commissions are based on a percentage of the transaction price, which is exclusive of the upfront selling commission, for D Shares, T Shares and S Shares. The dealer manager fee is based on a percentage of the transaction price for T Shares. Upfront selling commissions and dealer manager fees are deducted directly from the offering price for D Shares, T Shares and S Shares and paid to CCO Capital. The Company has been advised that CCO Capital intends to reallow 100% of the upfront selling commissions on D Shares, T Shares and S Shares, to participating broker-dealers and may reallow a portion of the dealer manager fee. (2) The stockholder servicing fees will be calculated on a daily basis in an amount equal to 1/365th of the percentage of NAV per D Share, T Share or S Share, as applicable, for such day on a continuous basis. CCO Capital, in its sole discretion, may reallow a portion of the stockholder servicing fees to participating broker-dealers. The Company will cease paying the stockholder servicing fees with respect to any D Shares, T Shares or S Shares held in a stockholder’s account when the total upfront selling commissions, dealer manager fees and stockholder servicing fees would exceed, in the aggregate, 8.75% (or, in the case of shares sold through certain participating broker-dealers, a lower limit as set forth in any applicable agreement between our dealer manager and a participating broker-dealer) of the gross proceeds from the sale of such shares. The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CIM Income NAV Management and its affiliates related to the services described above during the years indicated (in thousands): Year Ended December 31, 2018 2017 2016 Upfront selling commissions $ 2,797 $ 2,964 $ 2,121 Stockholder servicing fees (1) $ 1,126 $ 592 $ 246 Dealer manager fees (1) $ 2,609 $ 2,128 $ 1,310 Organization and offering expense reimbursement $ 1,339 $ 1,400 $ 1,192 Acquisition expense reimbursement $ 1,722 $ 1,594 $ 1,622 Advisory fee $ 5,858 $ 4,263 $ 2,760 Operating expense reimbursement $ 2,652 $ 2,740 $ 1,656 Performance fee $ — $ 647 $ — ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for the future fees payable to CCO Capital of $13.2 million and $19.2 million as of December 31, 2018 and 2017 , respectively, which are included in due to affiliates in the consolidated balance sheets, with a corresponding decrease to capital in excess of par value, as described in Note 2 — Summary of Significant Accounting Policies.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of dividends and distributions	The following table shows the character of the distributions the Company paid on a percentage basis for the years ended December 31, 2018 , 2017 , and 2016 : Year Ended December 31, Character of Distributions: 2018 2017 2016 Ordinary dividends 52.4 % 37.3 % 33.0 % Nondividend distributions 47.6 % 62.7 % 67.0 % Total 100 % 100 % 100 %

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
Schedule of future minimum rental payments for operating leases	As of December 31, 2018 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 64,531 2020 64,887 2021 65,147 2022 65,324 2023 64,455 Thereafter 417,715 Total $ 742,059

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2018 and 2017 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period. December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 15,234 $ 17,768 $ 18,970 $ 18,940 Net income $ 1,161 $ 1,421 $ 188 $ 2,425 Net income attributable to the Company $ 1,152 $ 1,413 $ 179 $ 2,414 Basic and diluted net income per share - Class D common stock (1) $ 0.04 $ 0.05 $ 0.01 $ 0.08 Basic and diluted net income per share - Class T common stock (1) $ 0.04 $ 0.05 $ — $ 0.07 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.05 $ 0.01 $ 0.08 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters. December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 10,026 $ 11,126 $ 13,244 $ 13,750 Net (loss) income $ (77 ) $ 524 $ 76 $ (176 ) Net (loss) income attributable to the Company $ (86 ) $ 515 $ 68 $ (185 ) Basic and diluted net income (loss) per share - Class D common stock (1) $ — $ 0.03 $ — $ (0.01 ) Basic and diluted net (loss) income per share - Class T common stock (1) $ (0.01 ) $ 0.02 $ — $ (0.01 ) Basic and diluted net income per share - Class I common stock (1) $ — $ 0.03 $ 0.01 $ — ____________________________________ (1) The Company calculates net (loss) income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.

ORGANIZATION AND BUSINESS (Shar

ORGANIZATION AND BUSINESS (Shares offerings) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)class_of_stock$ / sharesshares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)shares	Feb. 10, 2017USD ($)class_of_stock	Dec. 31, 2015shares	Aug. 26, 2013class_of_stock	Dec. 06, 2011USD ($)
Class of Stock [Line Items]
Classes of common stock | class_of_stock	4
Common stock, shares outstanding (in shares)	40,500,000
Proceeds from issuance of common stock | $	$ 167,608,000	$ 179,307,000	$ 155,051,000
CIM Income NAV OP
Class of Stock [Line Items]
General partner partnership interest percentage	100.00%
D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	18,942,529	15,837,102
Net asset value per share (in dollars per share) | $ / shares	$ 18.02
T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	12,777,322	8,793,223
Net asset value per share (in dollars per share) | $ / shares	$ 17.73
I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	1,159,730	1,065,232
Net asset value per share (in dollars per share) | $ / shares	$ 18.25
Common Stock | D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	18,942,529	15,837,102	12,461,616		7,825,063
Common Stock | T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	12,777,322	8,793,223	4,449,352		1,371,763
Common Stock | I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	1,159,730	1,065,232	788,270		657,624
Initial public offering
Class of Stock [Line Items]
Common stock, value authorized | $				$ 4,000,000,000			$ 4,000,000,000
New classes of common stock registered | class_of_stock						2
Classes of common stock | class_of_stock				3
Common stock, shares outstanding (in shares)	40,500,000
Initial public offering | Common Stock
Class of Stock [Line Items]
Proceeds from issuance of common stock | $	$ 732,000,000
Offering costs, selling commissions | $	18,500,000
Dealer manager and distribution fees | $	$ 5,400,000
Primary offering
Class of Stock [Line Items]
Common stock, value authorized | $				$ 3,500,000,000
Distribution reinvestment plan
Class of Stock [Line Items]
Common stock, value authorized | $				$ 500,000,000
Common stock, shares outstanding (in shares)	2,000,000

ORGANIZATION AND BUSINESS (Real

ORGANIZATION AND BUSINESS (Real Estate) (Details) - Consolidated properties ft² in Millions	Dec. 31, 2018ft²propertystates
Real Estate Properties [Line Items]
Number of owned properties | property	152
Net rentable square feet | ft²	5.7
Number of states in which entity owns properties | states	35
Percentage of rentable space leased	99.60%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Other Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)segmentclass_of_stockshares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred costs, net	$ 1,038,000	$ 1,359,000
Due to affiliates	$ 15,585,000	$ 21,980,000
Stock redemption program, number of shares authorized to be repurchased, quarterly redemption percentage of net asset value limitation	10.00%	10.00%
Redeemable common stock	$ 58,902,000	$ 47,024,000
Allowance for uncollectible accounts	$ 0	$ 0
Classes of common stock | class_of_stock	4
Potentially dilutive share equivalents | shares	0	0	0
Number of reportable segments | segment	1
Accounting Standards Update 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting changes		$ 37,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Real Estate Investments) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)
Real Estate Properties [Line Items]
Impairment | $	$ 2,267,000	$ 227,000	$ 0
Impaired property	1	1
Number of properties as held for sale	0	1
Buildings
Real Estate Properties [Line Items]
Acquired real estate asset, useful life	40 years
Site improvements
Real Estate Properties [Line Items]
Acquired real estate asset, useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Noncontrolling Interest in Consolidated Joint Venture) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Net income (loss) allocated to noncontrolling interest	$ 37	$ 35	$ (10)
Distributions to noncontrolling interest	43	49	0
Non controlling interest	430,090	335,446	236,010	$ 129,977
Non- Controlling Interests
Noncontrolling Interest [Line Items]
Non controlling interest	$ 766	$ 772	$ 786	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Restricted Cash and Cash Concentrations) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 806,000	$ 1,000	$ 600,000
Lender cash management accounts
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	158,000	1,000
Escrowed Investor Proceeds
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 648,000	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stockholder Servicing Fees) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Due to affiliates	$ 15,585	$ 21,980
Dealer manager
Class of Stock [Line Items]
Due to affiliates	$ 13,200	$ 19,200
D Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00068%
T Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00233%
S Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00233%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Offering and related costs) (Details)	Dec. 31, 2018
Organization and offering expense reimbursement | Advisors | Maximum
Related Party Transaction
Organization and offering expense (percentage)	0.75%

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)ft²property	Dec. 31, 2017USD ($)ft²property	Dec. 31, 2016USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of impaired properties | property	1	1
Area of real estate property impaired | ft²	149,000	62,000
Impairment	$ 2,267,000	$ 227,000	$ 0
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of impaired property	16,800,000	8,100,000
Carrying amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	356,900,000	278,200,000
Carrying value of impaired property	19,100,000	8,300,000
Fair value, inputs, level 2 | Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	$ 350,200,000	$ 274,000,000

FAIR VALUE MEASUREMENTS (Schedu

FAIR VALUE MEASUREMENTS (Schedule of fair value of company's financial assets and liabilities) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 5,466	$ 5,496
Total assets	8,322	7,214
Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	5,466	5,496
Total assets	5,466	5,496
Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Total assets	2,856	1,718
Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Total assets	0	0
Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	2,856	1,718
Derivative liability	(2,199)	(17)
Interest rate swap | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Interest rate swap | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	2,856	1,718
Derivative liability	(2,199)	(17)
Interest rate swap | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Impair

FAIR VALUE MEASUREMENTS (Impairment Charges by Asset Class) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment	$ 2,267,000	$ 227,000	$ 0
Impairment of Intangible lease liabilities	(363,000)	0
Total impairment loss	2,267,000	227,000
Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment	454,000	3,000
Buildings and improvements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment	1,000,000	210,000
Intangible lease assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment	$ 1,176,000	$ 14,000

REAL ESTATE ASSETS (Asset Acqui

REAL ESTATE ASSETS (Asset Acquisitions Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Business Acquisition
Number of properties acquired through asset acquisitions | property		19
Total purchase price	$ 926,178	$ 711,976
External acquisition-related capitalized expenses		$ 1,500
Wholly Owned Properties
Business Acquisition
Percent of assets acquired	100.00%	100.00%
Number of properties acquired through asset acquisitions | property	19
Total purchase price	$ 254,216
External acquisition-related capitalized expenses	$ 1,400

REAL ESTATE ASSETS (Assets and

REAL ESTATE ASSETS (Assets and Liabilities Acquired Through Asset Acquisition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate [Line Items]
Land	$ 146,675	$ 129,344
Buildings and improvements	652,294	488,741
Intangible lease assets	127,209	93,891
Total real estate assets, at cost	$ 926,178	711,976
Total purchase price		$ 52,457	$ 186,289
Below market lease, weighted average useful life	21 years 5 months	11 years 2 months 11 days
Acquired in-place leases and other intangibles
Real Estate [Line Items]
Weighted average amortization period (years)	13 years 8 months 12 days	12 years 7 months 6 days	15 years 10 months 24 days
Acquired above-market leases
Real Estate [Line Items]
Weighted average amortization period (years)	14 years	15 years 8 months 12 days	16 years 7 months 6 days
Intangible lease liabilities
Real Estate [Line Items]
Intangible lease liabilities		$ (1,401)	$ (2,733)
Below market lease, weighted average useful life	17 years 6 months	13 years 9 months 18 days	15 years 6 months
Wholly Owned Properties
Real Estate [Line Items]
Land	$ 28,293	$ 30,220
Buildings and improvements	193,658	152,840
Total real estate assets, at cost	254,216
Total purchase price		200,991
Wholly Owned Properties | Acquired in-place leases and other intangibles
Real Estate [Line Items]
Intangible lease assets	31,279	23,164
Wholly Owned Properties | Acquired above-market leases
Real Estate [Line Items]
Intangible lease assets	5,707	1,522
Wholly Owned Properties | Intangible lease liabilities
Real Estate [Line Items]
Intangible lease liabilities	$ (4,721)	$ (6,755)

REAL ESTATE ASSETS (Property Di

REAL ESTATE ASSETS (Property Dispositions) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from disposition of real estate assets	$ 47,660,000	$ 0	$ 0
Repayments of debt	127,275,000
Gain on disposition of real estate, net	1,019,000	$ 0	$ 0
Property Disposition 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross sale price	49,100,000
Net proceeds from disposition of real estate assets	36,400,000
Repayments of debt	$ 11,300,000
Property disposed held as security against fixed rate debt | property	1
Gain on disposition of real estate, net	$ 1,000,000
Anchored Shopping Center | Property Disposition 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties disposed | property	2
Retail | Property Disposition 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties disposed | property	4
Disposition Fees Expense | Affiliated Entity | Property Disposition 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Related party transaction, expenses from transactions with related party	$ 0

REAL ESTATE ASSETS (Impairment

REAL ESTATE ASSETS (Impairment of a Property) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired properties | property	1	1
Impairment	$ 2,267,000	$ 227,000	$ 0
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of impaired property	16,800,000	8,100,000
Carrying amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of impaired property	$ 19,100,000	$ 8,300,000

REAL ESTATE ASSETS (Consolidate

REAL ESTATE ASSETS (Consolidated Joint Venture) (Details)	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Business Acquisition
Assets	$ 885,857,000	$ 699,463,000
Total liabilities	396,865,000	316,993,000
Long-term debt	354,254,000	$ 274,830,000
Consolidated joint venture
Business Acquisition
Assets	7,600,000
Accumulated depreciation, depletion and amortization, property, plant, and equipment	467,000
Total liabilities	54,000
Long-term debt	$ 0
Consolidated properties
Business Acquisition
Number of owned properties | property	152
Consolidated properties | Consolidated joint venture
Business Acquisition
Number of owned properties | property	2
Land | Consolidated joint venture
Business Acquisition
Assets	$ 7,200,000
Intangible lease assets | Consolidated joint venture
Business Acquisition
Assets	$ 641,000

REAL ESTATE ASSETS (Schedule of

REAL ESTATE ASSETS (Schedule of Property Acquisitions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition
Purchase price of asset acquisitions		$ 200,991
Purchase price of business combinations		52,457	$ 186,300
Total purchase price of real estate assets acquired		$ 253,448
Below market lease, weighted average useful life	21 years 5 months	11 years 2 months 11 days
In-place lease and other intangible amortization
Business Acquisition
Weighted average amortization period (years)	13 years 8 months 12 days	12 years 7 months 6 days	15 years 10 months 24 days
Acquired above-market leases
Business Acquisition
Weighted average amortization period (years)	14 years	15 years 8 months 12 days	16 years 7 months 6 days
Intangible lease liabilities
Business Acquisition
Below market lease, weighted average useful life	17 years 6 months	13 years 9 months 18 days	15 years 6 months

REAL ESTATE ASSETS (Business Co

REAL ESTATE ASSETS (Business Combination Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)property
Business Acquisition
Business acquisition, percentage of voting interests acquired		100.00%	100.00%
Number of business acquisition and asset acquisition | property		31
Number of properties acquired through asset acquisitions | property		19
Number of real estate acquisitions (in number of properties) | property		12	31
Asset Acquisitions, Consideration Transferred		$ 253,448,000
Purchase price of asset acquisitions		200,991,000
External acquisition-related capitalized expenses		1,500,000
Total purchase price		52,457,000	$ 186,300,000
Revenue of acquiree since acquisition date		3,300,000	4,100,000
Net income (loss) of acquiree		650,000	1,000,000
Acquisition-related expenses	$ 1,774,000	2,174,000	3,251,000
2017 Acquisitions
Business Acquisition
Acquisition-related expenses		$ 426,000
2016 Acquisitions
Business Acquisition
Acquisition-related expenses			$ 1,400,000
Wholly Owned Properties
Business Acquisition
Number of properties acquired through asset acquisitions | property	19
Percent of assets acquired	100.00%	100.00%
External acquisition-related capitalized expenses	$ 1,400,000

REAL ESTATE ASSETS (Schedule _2

REAL ESTATE ASSETS (Schedule of Business Combination Purchase Price allocation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		$ 14,232	$ 37,073
Building and improvements		22,292	131,828
Total purchase price		$ 52,457	186,289
Below market lease, weighted average useful life	21 years 5 months	11 years 2 months 11 days
Acquired in-place leases and other intangibles
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets other than goodwill, acquired		$ 15,911	$ 17,293
Weighted average amortization period (years)	13 years 8 months 12 days	12 years 7 months 6 days	15 years 10 months 24 days
Acquired above-market leases
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets other than goodwill, acquired		$ 1,423	$ 2,828
Weighted average amortization period (years)	14 years	15 years 8 months 12 days	16 years 7 months 6 days
Intangible lease liabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible lease liabilities		$ (1,401)	$ (2,733)
Below market lease, weighted average useful life	17 years 6 months	13 years 9 months 18 days	15 years 6 months

REAL ESTATE ASSETS (Business Ac

REAL ESTATE ASSETS (Business Acquisition, Pro Forma Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
2017 Acquisitions
Pro forma basis
Revenue	$ 48,362	$ 30,872
Net income (loss)	$ 702	(1,805)
2016 Acquisitions
Pro forma basis
Revenue		37,204	$ 33,132
Net income (loss)		$ 963	$ 9,254

INTANGIBLE LEASE ASSETS AND L_3

INTANGIBLE LEASE ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets, Net [Abstract]
Intangible lease assets	$ 104,099	$ 79,414
Below market lease, net	15,506	12,753
Intangible lease assets, accumulated amortization	23,100
Below market lease, accumulated amortization	$ 3,280	$ 2,075
Below market lease, weighted average useful life	21 years 5 months	11 years 2 months 11 days
In-Place Leases and Other Intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Intangible lease assets	$ 91,549	$ 71,543
Intangible lease assets, accumulated amortization	$ 20,688	$ 12,955
Useful life	13 years 9 months	10 years 8 months 11 days
Above-Market Leases
Finite-Lived Intangible Assets, Net [Abstract]
Intangible lease assets	$ 12,550	$ 7,871
Intangible lease assets, accumulated amortization	$ 2,422	$ 1,522
Useful life	12 years 7 months	12 years 3 months 18 days

INTANGIBLE LEASE ASSETS AND L_4

INTANGIBLE LEASE ASSETS AND LIABILITIES (Amortization Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of below market lease	$ 1,501	$ 1,200	$ 448
In-place lease and other intangible amortization
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	8,971	6,491	2,969
Above-Market Leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 959	$ 745	$ 417

INTANGIBLE LEASE ASSETS AND L_5

INTANGIBLE LEASE ASSETS AND LIABILITIES (Estimated Amortization of Intangible lease assets) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Below Market Lease, Net, Amortization Income, Fiscal Year Maturity [Abstract]
2019	$ 1,591
2020	1,566
2021	1,350
2022	1,312
2023	1,278
In-Place Leases and Other Intangibles
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2019	9,510
2020	9,308
2021	9,161
2022	9,118
2023	8,854
Above-Market Leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2019	1,139
2020	1,132
2021	1,132
2022	1,132
2023	$ 1,123

MARKETABLE SECURITIES (Narrativ

MARKETABLE SECURITIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)security	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Investments, Debt and Equity Securities [Abstract]
Marketable securities	$ 5,466,000	$ 5,496,000
Number of securities sold | security	16
Proceeds from sale and maturities of marketable securities	$ 1,202,000	$ 1,594,000	$ 1,340,000
Unrealized loss on marketable securities	(88,000)
Other than temporary impairment losses, investments, available-for-sale securities	$ 0

MARKETABLE SECURITIES (Schedule

MARKETABLE SECURITIES (Schedule of available for sale securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 5,558
Unrealized (Loss) Gain	(92)	$ (7)
Fair Value	5,466	$ 5,496
U.S. Treasury Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,951
Unrealized (Loss) Gain	(21)
Fair Value	1,930
U.S. Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	708
Unrealized (Loss) Gain	(9)
Fair Value	699
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,899
Unrealized (Loss) Gain	(62)
Fair Value	$ 2,837

MARKETABLE SECURITIES (Schedu_2

MARKETABLE SECURITIES (Schedule of available-for-sale securities reconciliation) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Amortized Cost Basis Rollforward
Marketable securities, beginning balance	$ 5,503
Face value of marketable securities acquired	1,284
Premiums and discounts on purchase of marketable securities, net of acquisition costs	(15)
Amortization on marketable securities	(9)
Sales and maturities of securities	(1,205)
Marketable securities, ending balance	5,558
Unrealized Gain (Loss) Rollforward
Unrealized Gain (Loss), beginning balance	(7)
Sales and maturities of securities	3
Unrealized loss on marketable securities	(88)
Unrealized Gain (Loss), ending balance	(92)
Fair Value Rollforward
Marketable securities beginning balance	5,496
Face value of marketable securities acquired	1,284
Premiums and discounts on purchase of marketable securities, net of acquisition costs	(15)
Amortization on marketable securities	(9)
Sales and maturities of securities	(1,202)
Unrealized loss on marketable securities	(88)
Marketable securities ending balance	$ 5,466

MARKETABLE SECURITIES (Schedu_3

MARKETABLE SECURITIES (Schedule of unrealized gain (loss) on investments) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 3,755
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	(79)
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	925
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	(29)
Available-for-sale securities, continuous unrealized loss position, fair value	4,680
Available-for-sale securities, continuous unrealized loss position, unrealized losses	(108)
U.S. Treasury Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	628
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	(11)
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	764
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	(25)
Available-for-sale securities, continuous unrealized loss position, fair value	1,392
Available-for-sale securities, continuous unrealized loss position, unrealized losses	(36)
U.S. Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	699
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	(9)
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	0
Available-for-sale securities, continuous unrealized loss position, fair value	699
Available-for-sale securities, continuous unrealized loss position, unrealized losses	(9)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	2,428
Available-for-sale securities, continuous unrealized loss position, less than 12 months, unrealized losses	(59)
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	161
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, unrealized losses	(4)
Available-for-sale securities, continuous unrealized loss position, fair value	2,589
Available-for-sale securities, continuous unrealized loss position, unrealized losses	$ (63)

MARKETABLE SECURITIES (Schedu_4

MARKETABLE SECURITIES (Schedule of investments classified by contractual maturity date) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost
Due within one year	$ 115
Due after one year through five years	2,474
Due after five years through ten years	2,602
Due after ten years	367
Amortized Cost	5,558
Estimated Fair Value
Due within one year	114
Due after one year through five years	2,439
Due after five years through ten years	2,548
Due after ten years	365
Estimated Fair Value	$ 5,466	$ 5,496

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)swap_agreement	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Derivatives, Fair Value [Line Items]
Amount of (gain) loss reclassified from other comprehensive (loss) income into income as interest expense and other, net	$ (294,000)	$ 663,000	$ 539,000
Derivative liability, event of default, termination amount	$ 2,200,000
Interest rate swap
Derivatives, Fair Value [Line Items]
Number of instruments entered into | swap_agreement	1
Number of swap agreements | swap_agreement	9
Cash Flow Hedging | Interest rate swap
Derivatives, Fair Value [Line Items]
Interest rate cash flow hedge gain (loss) to be reclassified during next twelve months	$ 851,000

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of derivative instruments) (Details) - Cash Flow Hedging - Interest rate swap - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Derivative assets, prepaid expenses, property escrow deposits and other assets
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount	$ 190,705
Fair Value of Assets	2,856	$ 1,718
Deferred rental income, derivative liability and other liabilities
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount	$ 100,000
Interest Rates	4.74%
Fair Value of (Liabilities)	$ (2,199)	$ (17)
Minimum | Derivative assets, prepaid expenses, property escrow deposits and other assets
Derivatives, Fair Value [Line Items]
Interest Rates	3.23%
Maximum | Derivative assets, prepaid expenses, property escrow deposits and other assets
Derivatives, Fair Value [Line Items]
Interest Rates	4.17%

CREDIT FACILITY AND NOTES PAY_3

CREDIT FACILITY AND NOTES PAYABLE (Schedule of Debt) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Weighted average years to maturity	3 years 7 months 13 days
Weighted average interest rate	3.97%
Debt [Roll Forward]
Long-term debt, gross, beginning balance	$ 278,234
Total debt, net, beginning of period	274,830
Debt issuances, net	206,000
Proceeds from debt, net of issuance costs	206,000
Repayments	(127,275)
Repayments and modifications, total debt, net	(127,145)
Amortization of deferred financing costs	569
Long-term debt, gross, ending balance	356,959
Total debt, net, end of period	354,254
Line of credit
Debt [Roll Forward]
Long-term debt, gross, beginning balance	128,500
Deferred costs, beginning of period	(1,725)
Debt issuances, net	206,000
Repayments	(116,000)
Deferred costs	130
Amortization	208
Long-term debt, gross, ending balance	218,500
Deferred costs, end of period	$ (1,387)
Fixed Rate Debt
Debt Instrument [Line Items]
Weighted average interest rate	3.91%
Debt [Roll Forward]
Long-term debt, gross, beginning balance	$ 149,734
Deferred costs, beginning of period	(1,679)
Debt issuances, net	0
Repayments	(11,275)
Amortization	361
Long-term debt, gross, ending balance	138,459
Deferred costs, end of period	$ (1,318)

CREDIT FACILITY AND NOTES PAY_4

CREDIT FACILITY AND NOTES PAYABLE (Fixed rate debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 356,959	$ 278,234
Weighted average interest rate	3.97%
Fixed Rate Debt
Debt Instrument [Line Items]
Long-term debt	$ 138,459	$ 149,734
Weighted average interest rate	3.91%
Debt security, amount, aggregate gross real estate assets net of gross Intangible lease liabilities	$ 247,000
Fixed Rate Debt | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.56%
Fixed Rate Debt | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	4.165%
Variable Rate Debt | Interest rate swap
Debt Instrument [Line Items]
Long-term debt	$ 78,200

CREDIT FACILITY AND NOTES PAY_5

CREDIT FACILITY AND NOTES PAYABLE (Credit facility) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)extension	Dec. 31, 2017USD ($)
Line of Credit Facility [Line Items]
Line of credit, amount outstanding	$ 354,254,000	$ 274,830,000
Line of credit
Line of Credit Facility [Line Items]
Credit facility outstanding	218,500,000
Line of credit | JPMorgan Chase Bank, N.A.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	425,000,000
Line of credit, remaining borrowing capacity	206,500,000
Line of credit facility, covenant, minimum consolidated net worth	$ 367,100,000
Line of credit facility, covenant, minimum consolidated net worth, percentage of equity issuance	75.00%
Debt instrument, covenant, secured leverage ratio, maximum	40.00%
Debt instrument, covenant, secured recourse debt coverage ratio, maximum	15.00%
Line of credit | JPMorgan Chase Bank, N.A. | Interest rate swap
Line of Credit Facility [Line Items]
Interest rate at period end	4.01%
Line of credit | JPMorgan Chase Bank, N.A. | Minimum
Line of Credit Facility [Line Items]
Line of credit facility, covenant, leverage ratio	175.00%
Fixed charged coverage ratio	1.50
Line of credit | JPMorgan Chase Bank, N.A. | Maximum
Line of Credit Facility [Line Items]
Line of credit facility, covenant, leverage ratio	60.00%
Line of credit | JPMorgan Chase Bank, N.A. | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Line of credit | JPMorgan Chase Bank, N.A. | One-Month LIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 212,500,000
Number of extensions | extension	2
Length of extension option	6 months
Line of credit, amount outstanding	$ 6,000,000
Interest rate at period end	4.28%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	0.70%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	1.20%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Statutory Reserve Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.70%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Statutory Reserve Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.20%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 212,500,000
Line of credit, amount outstanding	$ 212,500,000
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Interest rate swap
Line of Credit Facility [Line Items]
Interest rate at period end	4.01%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Minimum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	0.60%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Maximum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	1.10%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Statutory Reserve Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.60%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Statutory Reserve Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.10%

CREDIT FACILITY AND NOTES PAY_6

CREDIT FACILITY AND NOTES PAYABLE (Future Debt Repayments Schedule) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Long-term Debt, Fiscal Year Maturity [Abstract]
2019	$ 0
2020	9,240
2021	26,442
2022	304,327
2023	0
Thereafter	16,950
Total	$ 356,959	$ 278,234

SUPPLEMENTAL CASH FLOW DISCLO_3

SUPPLEMENTAL CASH FLOW DISCLOSURES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets:
Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs	$ (2,236)	$ 9,460	$ 7,782
Distributions to stockholders declared and unpaid	2,719	2,126	1,444
Common stock issued through distribution reinvestment plan	13,774	10,289	5,984
Change in fair value of marketable securities	(85)	22	44
Change in fair value of interest rate swaps	(1,044)	2,007	(41)
Accrued deferred financing costs	9	0	0
Accrued capital expenditures	0	163	12
Supplemental Cash Flow Disclosures:
Interest paid	13,273	7,864	4,346
Cash paid for income taxes	$ 184	$ 194	$ 130

RELATED-PARTY TRANSACTIONS AN_3

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Selling commissions, dealer manager and stockholder servicing fees) (Details) - Dealer manager	Dec. 31, 2018
Upfront selling commissions
Related Party Transaction
Related party transaction, expense reallowed, percent	100.00%
Stockholder Servicing Fees
Related Party Transaction
Termination of payments threshold, percentage of gross proceeds from shares in offering	8.75%
D Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	1.50%
D Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.25%
Daily asset based related party fee percent	0.00068%
T Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	3.00%
T Shares Common Stock | Dealer Manager Fee
Related Party Transaction
Percent of transaction price	0.50%
T Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.85%
Daily asset based related party fee percent	0.00233%
S Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	3.50%
S Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.85%
Daily asset based related party fee percent	0.00233%

RELATED-PARTY TRANSACTIONS AN_4

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Other organization and offering expenses and Advisory fees and expenses) (Details) - Advisors	Nov. 27, 2018	Dec. 31, 2018
Advisory Fees and Expenses
Related Party Transaction
Distribution and stockholder servicing fee, percentage of net asset value, daily accrual rate	0.00247%	0.00301%
Maximum | Organization and offering expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party, percentage of gross offering proceeds		0.75%

RELATED-PARTY TRANSACTIONS AN_5

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Operating expenses, Expense Cap and Acquisition fees and expenses) (Details) - Advisors	Dec. 31, 2018
Minimum | Operating expenses
Related Party Transaction
Operating expense reimbursement percent of average invested assets	2.00%
Operating expense reimbursement percent of net income	25.00%
Maximum | Acquisition expense reimbursement
Related Party Transaction
Acquisition and expenses percentage	6.00%

RELATED-PARTY TRANSACTIONS AN_6

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Performance Fee) (Details) - $ / shares	Jan. 01, 2019	Dec. 31, 2018
D Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)		$ 15
T Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)		16.72
I Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)		$ 16.82
Minimum | Advisors | Performance fee
Related Party Transaction
Total return threshold to receive performance fee		6.00%
Minimum | Advisors | Operating expenses
Related Party Transaction
Operating expense reimbursement percent of net income		25.00%
Maximum | Advisors | Performance fee
Related Party Transaction
Total return threshold to receive performance fee		10.00%
Subsequent event | Minimum | Advisors | Performance fee
Related Party Transaction
Total return threshold to receive performance fee	12.50%
Performance fee limit, hurdle amount (in percent)	5.00%

RELATED-PARTY TRANSACTIONS AN_7

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Schedule of Related Party Transaction) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction
Due to affiliates	$ 15,585	$ 21,980
Advisors | Upfront selling commissions
Related Party Transaction
Related party transaction, expenses from transactions with related party	2,797	2,964	$ 2,121
Advisors | Stockholder Servicing Fees
Related Party Transaction
Related party transaction, expenses from transactions with related party	1,126	592	246
Advisors | Dealer Manager Fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	2,609	2,128	1,310
Advisors | Organization and offering expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	1,339	1,400	1,192
Advisors | Acquisition expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	1,722	1,594	1,622
Advisors | Advisory fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	5,858	4,263	2,760
Advisors | Operating expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	2,652	2,740	1,656
Advisors | Performance fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	0	647	$ 0
Dealer manager
Related Party Transaction
Due to affiliates	$ 13,200	$ 19,200

RELATED-PARTY TRANSACTIONS AN_8

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Due to/from Affiliates) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction
Due from affiliates	$ 112,000	$ 100,000
Advisors
Related Party Transaction
Due to affiliates	15,600,000	22,000,000
Due from affiliates	$ 112,000	$ 100,000

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Common stock and preferred stock, shares authorized (up to)	500,000,000
Common stock, shares authorized (in shares)	490,000,000
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Issuance of common stock	$ 181,382	$ 189,596	$ 161,035
Common stock, shares outstanding (in shares)	40,500,000
Proceeds from issuance of common stock	$ 732,000
Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	9,800,000
Shares issued pursuant to a distribution reinvestment plan (in shares)	758,000	569,000	328,000
Issuance of common stock	$ 181,400
D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	18,942,529	15,837,102
D Shares Common Stock | Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	4,853,772	5,206,244	5,418,786
Issuance of common stock	$ 48	$ 51	$ 55
Common stock, shares outstanding (in shares)	18,942,529	15,837,102	12,461,616	7,825,063
T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	12,777,322	8,793,223
T Shares Common Stock | Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	4,719,621	4,661,884	3,181,316
Issuance of common stock	$ 47	$ 46	$ 32
Common stock, shares outstanding (in shares)	12,777,322	8,793,223	4,449,352	1,371,763
S Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000
I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	1,159,730	1,065,232
I Shares Common Stock | Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	257,671	464,022	130,646
Issuance of common stock	$ 3	$ 5	$ 1
Common stock, shares outstanding (in shares)	1,159,730	1,065,232	788,270	657,624

STOCKHOLDERS' EQUITY (Distribut

STOCKHOLDERS' EQUITY (Distribution Reinvestment Plan) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common stock issued through distribution reinvestment plan	$ 13,774	$ 10,289	$ 5,984
Common Stock
Class of Stock [Line Items]
Shares issued pursuant to a distribution reinvestment plan (in shares)	758,000	569,000	328,000
Common stock issued through distribution reinvestment plan	$ 13,800	$ 10,300	$ 6,000

STOCKHOLDERS' EQUITY (Share Red

STOCKHOLDERS' EQUITY (Share Redemption Program) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity, Class of Treasury Stock [Line Items]
Stock redemption program, short-term trading fee, percentage of aggregate net asset value per share of common stock	5.00%
Stock redemption program, number of shares authorized to be repurchased, percentage of weighted average number of shares outstanding	5.00%
Stock redemption program, number of shares authorized to be repurchased, carryover	15.00%
Stock redemption program, number of shares authorized to be repurchased, carryover percentage quarterly net asset value limitation	10.00%
Common stock, shares outstanding (in shares)	40,500,000
Redeemable common stock	$ 58,902	$ 47,024
Redemptions of common stock	$ 48,250	$ 42,296	$ 16,136
D Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	1,700,000
Common stock, shares outstanding (in shares)	18,942,529	15,837,102
Redemptions of common stock	$ 31,800
T Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	736,000
Redemptions of common stock	$ 13,200
I Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	172,000
Common stock, shares outstanding (in shares)	1,159,730	1,065,232
Redemptions of common stock	$ 3,200
Common Stock | D Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	1,746,560	1,775,662	782,233
Common stock, shares outstanding (in shares)	18,942,529	15,837,102	12,461,616	7,825,063
Redemptions of common stock	$ 17	$ 18	$ 8
Common Stock | D Shares Common Stock | Vereit Operating Partnership, L.P.
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	13,333
Common Stock | I Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	172,062	241,733
Common stock, shares outstanding (in shares)	1,159,730	1,065,232	788,270	657,624
Redemptions of common stock	$ 2	$ 2

STOCKHOLDERS' EQUITY (Distrib_2

STOCKHOLDERS' EQUITY (Distributions Payable and Distribution Policy) (Details) - USD ($) $ / shares in Units, $ in Thousands	18 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Distributions to stockholders declared and unpaid		$ 2,719	$ 2,126	$ 1,444
Subsequent event
Class of Stock [Line Items]
Daily distributions payable (in dollars per share)	$ 0.002678083

STOCKHOLDERS' EQUITY (Equity Ba

STOCKHOLDERS' EQUITY (Equity Based Compensation) (Details) - CIM Income NAV, Inc. 2018 Equity Incentive Plan - USD ($) $ in Thousands	Oct. 01, 2018	Dec. 31, 2018	Aug. 09, 2018
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance			400,000
Shares available for future grant			393,000
D Shares Common Stock | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants to each of the independent members of the Board of Directors (in shares)	1,800
Grants (in shares)	7,200
Requisite continuous service period	1 year
Unrecognized compensation period		$ 98
D Shares Common Stock | General and Administrative Expense | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 33

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Ordinary dividends	52.40%	37.30%	33.00%
Nondividend distributions	47.60%	62.70%	67.00%
Total	100.00%	100.00%	100.00%
State and local income tax and franchise tax expense	$ 182,000	$ 201,000	$ 88,000
Unrecognized tax benefits	$ 0	$ 0	$ 0

OPERATING LEASES (Details)

OPERATING LEASES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Leases [Abstract]
Weighted average remaining term of leases	10 years 10 months 24 days
2019	$ 64,531
2020	64,887
2021	65,147
2022	65,324
2023	64,455
Thereafter	417,715
Total	$ 742,059

QUARTERLY RESULTS (UNAUDITED)_2

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information [Line Items]
Revenues	$ 18,940	$ 18,970	$ 17,768	$ 15,234	$ 13,750	$ 13,244	$ 11,126	$ 10,026	$ 70,912	$ 48,146	$ 27,311
Net (loss) income	2,425	188	1,421	1,161	(176)	76	524	(77)	5,195	347	(1,302)
Net (loss) income attributable to the Company	$ 2,414	$ 179	$ 1,413	$ 1,152	$ (185)	$ 68	$ 515	$ (86)	5,158	312	(1,292)
D Shares Common Stock
Quarterly Financial Information [Line Items]
Net (loss) income attributable to the Company									$ 3,165	$ 242	$ (952)
Basic and diluted net income (loss) per common share (in dollars per share)	$ 0.08	$ 0.01	$ 0.05	$ 0.04	$ (0.01)	$ 0	$ 0.03	$ 0	$ 0.18	$ 0.02	$ (0.10)
T Shares Common Stock
Quarterly Financial Information [Line Items]
Net (loss) income attributable to the Company									$ 1,794	$ 45	$ (276)
Basic and diluted net income (loss) per common share (in dollars per share)	0.07	0	0.05	0.04	(0.01)	0	0.02	(0.01)	$ 0.17	$ 0.01	$ (0.10)
I Shares Common Stock
Quarterly Financial Information [Line Items]
Net (loss) income attributable to the Company									$ 199	$ 25	$ (64)
Basic and diluted net income (loss) per common share (in dollars per share)	$ 0.08	$ 0.01	$ 0.05	$ 0.05	$ 0	$ 0.01	$ 0.03	$ 0	$ 0.19	$ 0.03	$ (0.09)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 25, 2019USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016property	Dec. 31, 2018USD ($)
Subsequent Event [Line Items]
Number of real estate acquisitions (in number of properties) | property		12	31
Total purchase price | $		$ 711,976		$ 926,178
Subsequent event
Subsequent Event [Line Items]
Number of real estate acquisitions (in number of properties) | property	1
Total purchase price | $	$ 10,900

SCHEDULE III _ Real Estate As_2

SCHEDULE III – Real Estate Assets and Accumulated Depreciation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 138,459
Initial Costs to Company
Land	146,675
Buildings and Improvements	651,342
Total Adjustment to Basis	952
Gross Amount at Which Carried At December 31, 2018	798,969	$ 618,085	$ 406,447	$ 237,401
Accumulated Depreciation	41,645	26,073	$ 14,768	$ 8,168
Intangible lease assets	127,209	$ 93,891
Intangible lease assets, accumulated amortization	23,100
Property, plant, and equipment, land and real estate assets, aggregate tax basis	907,900
Line of credit
Initial Costs to Company
Credit facility outstanding	$ 218,500
Buildings
Initial Costs to Company
Acquired real estate asset, useful life	40 years
Site improvements
Initial Costs to Company
Acquired real estate asset, useful life	15 years
7-Eleven | Gloucester, VA
Initial Costs to Company
Land	$ 355
Buildings and Improvements	674
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,029
Accumulated Depreciation	53
7-Eleven | Hampton (Mercury), VA
Initial Costs to Company
Land	652
Buildings and Improvements	394
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,046
Accumulated Depreciation	36
7-Eleven | Hampton (Ocean), VA
Initial Costs to Company
Land	1,045
Buildings and Improvements	446
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,491
Accumulated Depreciation	35
7-Eleven | Hampton (Village), VA
Initial Costs to Company
Land	1,316
Buildings and Improvements	464
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,780
Accumulated Depreciation	36
7-Eleven | Newport News, VA
Initial Costs to Company
Land	566
Buildings and Improvements	510
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,076
Accumulated Depreciation	40
7-Eleven | Poquoson, VA
Initial Costs to Company
Land	288
Buildings and Improvements	565
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	853
Accumulated Depreciation	50
7-Eleven | Surry, VA
Initial Costs to Company
Land	495
Buildings and Improvements	522
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,017
Accumulated Depreciation	41
7-Eleven | Williamsburg (Bypass), VA
Initial Costs to Company
Land	958
Buildings and Improvements	379
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,337
Accumulated Depreciation	32
7-Eleven | Williamsburg (John Tyler), VA
Initial Costs to Company
Land	421
Buildings and Improvements	281
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	702
Accumulated Depreciation	27
AAA Office Park | Hamilton, NJ
Initial Costs to Company
Land	3,254
Buildings and Improvements	25,221
Total Adjustment to Basis	10
Gross Amount at Which Carried At December 31, 2018	28,485
Accumulated Depreciation	700
Advance Auto | Macomb Township, MI
Initial Costs to Company
Land	718
Buildings and Improvements	1,146
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,864
Accumulated Depreciation	218
Advance Auto | Ravenswood, WV
Initial Costs to Company
Land	150
Buildings and Improvements	645
Total Adjustment to Basis	58
Gross Amount at Which Carried At December 31, 2018	853
Accumulated Depreciation	61
Advance Auto | Sedalia, MO
Initial Costs to Company
Land	374
Buildings and Improvements	1,187
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,561
Accumulated Depreciation	171
AK Steel | West Chester, OH
Initial Costs to Company
Land	1,028
Buildings and Improvements	19,914
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	20,942
Accumulated Depreciation	503
Algonac Plaza | Algonac, MI
Initial Costs to Company
Land	1,097
Buildings and Improvements	7,718
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,815
Accumulated Depreciation	1,198
Amcor Rigid Plastics | Ames, IA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,300
Initial Costs to Company
Land	775
Buildings and Improvements	12,179
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	12,954
Accumulated Depreciation	1,307
Apex Technologies | Mason, OH
Initial Costs to Company
Land	997
Buildings and Improvements	11,657
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	12,654
Accumulated Depreciation	381
Art Van Furniture | Monroeville, PA
Initial Costs to Company
Land	1,023
Buildings and Improvements	9,607
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	10,630
Accumulated Depreciation	303
Art Van Furniture | York, PA
Initial Costs to Company
Land	1,720
Buildings and Improvements	6,628
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,348
Accumulated Depreciation	218
Aspen Dental | Somerset, KY
Initial Costs to Company
Land	285
Buildings and Improvements	1,037
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,322
Accumulated Depreciation	121
At Home | Colorado Springs, CO
Initial Costs to Company
Land	989
Buildings and Improvements	9,347
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	10,336
Accumulated Depreciation	564
At Home | O'Fallon, IL
Initial Costs to Company
Land	2,521
Buildings and Improvements	7,336
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	9,857
Accumulated Depreciation	485
AT&T | Oklahoma City, OK
Initial Costs to Company
Land	622
Buildings and Improvements	1,493
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,115
Accumulated Depreciation	226
AutoZone | Jesup, GA
Initial Costs to Company
Land	209
Buildings and Improvements	781
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	990
Accumulated Depreciation	46
AutoZone | Vandalia, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	532
Initial Costs to Company
Land	778
Buildings and Improvements	0
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	778
Accumulated Depreciation	0
Biolife Plasma Services | Fort Wayne, IN
Initial Costs to Company
Land	692
Buildings and Improvements	2,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,354
Accumulated Depreciation	164
Biolife Plasma Services | Moorehead, MN
Initial Costs to Company
Land	728
Buildings and Improvements	3,109
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,837
Accumulated Depreciation	185
Bob Evans | Defiance, OH
Initial Costs to Company
Land	391
Buildings and Improvements	1,674
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,065
Accumulated Depreciation	100
Bob Evans | Dover, OH
Initial Costs to Company
Land	362
Buildings and Improvements	1,495
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,857
Accumulated Depreciation	87
Bob Evans | Dundee, MI
Initial Costs to Company
Land	403
Buildings and Improvements	1,438
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,841
Accumulated Depreciation	79
Bob Evans | Hamilton, OH
Initial Costs to Company
Land	393
Buildings and Improvements	1,305
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,698
Accumulated Depreciation	77
Bob Evans | Hummelstown, PA
Initial Costs to Company
Land	1,184
Buildings and Improvements	1,165
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,349
Accumulated Depreciation	61
Bob Evans | Mayfield Heights, OH
Initial Costs to Company
Land	721
Buildings and Improvements	919
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,640
Accumulated Depreciation	55
Bob Evans | Richmond, VA
Initial Costs to Company
Land	785
Buildings and Improvements	688
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,473
Accumulated Depreciation	37
Burger King | Midwest City, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	765
Initial Costs to Company
Land	576
Buildings and Improvements	413
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	989
Accumulated Depreciation	45
Caliber Collision | Houston, TX
Initial Costs to Company
Land	466
Buildings and Improvements	4,929
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	5,395
Accumulated Depreciation	327
Caliber Collision | San Antonio, TX
Initial Costs to Company
Land	196
Buildings and Improvements	2,918
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,114
Accumulated Depreciation	163
Caliber Collision | Venice, FL
Initial Costs to Company
Land	857
Buildings and Improvements	2,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,519
Accumulated Depreciation	179
CarMax | Tinley Park, IL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,800
Initial Costs to Company
Land	3,282
Buildings and Improvements	21,974
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	25,256
Accumulated Depreciation	985
Carrier Rental Systems | Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,800
Initial Costs to Company
Land	749
Buildings and Improvements	3,832
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,581
Accumulated Depreciation	422
Chili's and PetSmart | Panama City, FL
Initial Costs to Company
Land	1,371
Buildings and Improvements	4,411
Total Adjustment to Basis	129
Gross Amount at Which Carried At December 31, 2018	5,911
Accumulated Depreciation	398
Cottage Plaza | Pawtucket, RI
Initial Costs to Company
Land	5,431
Buildings and Improvements	15,582
Total Adjustment to Basis	8
Gross Amount at Which Carried At December 31, 2018	21,021
Accumulated Depreciation	750
CVS | Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,830
Initial Costs to Company
Land	1,417
Buildings and Improvements	1,579
Total Adjustment to Basis	81
Gross Amount at Which Carried At December 31, 2018	3,077
Accumulated Depreciation	291
CVS | Erie, PA
Initial Costs to Company
Land	1,007
Buildings and Improvements	1,157
Total Adjustment to Basis	63
Gross Amount at Which Carried At December 31, 2018	2,227
Accumulated Depreciation	209
CVS | Mansfield, OH
Initial Costs to Company
Land	270
Buildings and Improvements	1,691
Total Adjustment to Basis	81
Gross Amount at Which Carried At December 31, 2018	2,042
Accumulated Depreciation	306
CVS | Wisconsin Rapids, WA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,790
Initial Costs to Company
Land	517
Buildings and Improvements	2,148
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,665
Accumulated Depreciation	280
DaVita Dialysis | Austell, GA
Initial Costs to Company
Land	581
Buildings and Improvements	2,359
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,940
Accumulated Depreciation	281
Dollar General | Ada, MN
Initial Costs to Company
Land	144
Buildings and Improvements	867
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,011
Accumulated Depreciation	64
Dollar General | Berwick, LA
Initial Costs to Company
Land	141
Buildings and Improvements	1,448
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,589
Accumulated Depreciation	239
Dollar General | Erie, IL
Initial Costs to Company
Land	67
Buildings and Improvements	974
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,041
Accumulated Depreciation	67
Dollar General | Gladwin, MI
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	780
Initial Costs to Company
Land	121
Buildings and Improvements	1,119
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,240
Accumulated Depreciation	149
Dollar General | Glasford, IL
Initial Costs to Company
Land	167
Buildings and Improvements	904
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,071
Accumulated Depreciation	62
Dollar General | Independence, MO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	837
Initial Costs to Company
Land	276
Buildings and Improvements	1,017
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,293
Accumulated Depreciation	158
Dollar General | Lexington, MI
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	707
Initial Costs to Company
Land	89
Buildings and Improvements	1,033
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,122
Accumulated Depreciation	138
Dollar General | New Richland, MN
Initial Costs to Company
Land	173
Buildings and Improvements	900
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,073
Accumulated Depreciation	62
Dollar General | Ocala, FL
Initial Costs to Company
Land	205
Buildings and Improvements	1,308
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,513
Accumulated Depreciation	157
Dollar General | Pine River, MN
Initial Costs to Company
Land	230
Buildings and Improvements	872
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,102
Accumulated Depreciation	64
Dollar General | Redfield, SD
Initial Costs to Company
Land	43
Buildings and Improvements	839
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	882
Accumulated Depreciation	99
Dollar General | Sardis City, AL
Initial Costs to Company
Land	334
Buildings and Improvements	1,058
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,392
Accumulated Depreciation	177
Dollar General | Stacy, MN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	658
Initial Costs to Company
Land	84
Buildings and Improvements	810
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	894
Accumulated Depreciation	86
Dollar General | Starbuck, MN
Initial Costs to Company
Land	76
Buildings and Improvements	946
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,022
Accumulated Depreciation	69
Dollar General | St. Joseph, MO
Initial Costs to Company
Land	197
Buildings and Improvements	972
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,169
Accumulated Depreciation	150
Dollar General | Topeka, KS
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	794
Initial Costs to Company
Land	176
Buildings and Improvements	882
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,058
Accumulated Depreciation	102
Dollar General | Trimble, MO
Initial Costs to Company
Land	212
Buildings and Improvements	802
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,014
Accumulated Depreciation	54
Dollar General | Wheaton, MN
Initial Costs to Company
Land	134
Buildings and Improvements	874
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,008
Accumulated Depreciation	64
Dollar General | Winthrop, MA
Initial Costs to Company
Land	130
Buildings and Improvements	876
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,006
Accumulated Depreciation	64
Duluth Trading | Arlington, TX
Initial Costs to Company
Land	1,123
Buildings and Improvements	3,859
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,982
Accumulated Depreciation	46
Enid Crossing | Enid, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,407
Initial Costs to Company
Land	685
Buildings and Improvements	4,426
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	5,111
Accumulated Depreciation	650
Family Dollar | Centreville, AL
Initial Costs to Company
Land	50
Buildings and Improvements	1,122
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,172
Accumulated Depreciation	138
Family Dollar | Danville, VA
Initial Costs to Company
Land	228
Buildings and Improvements	774
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,002
Accumulated Depreciation	116
Family Dollar | Darby, MT
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	881
Initial Costs to Company
Land	244
Buildings and Improvements	889
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,133
Accumulated Depreciation	108
Family Dollar | Denton, NC
Initial Costs to Company
Land	334
Buildings and Improvements	545
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	879
Accumulated Depreciation	76
Family Dollar | Deridder, LA
Initial Costs to Company
Land	183
Buildings and Improvements	746
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	929
Accumulated Depreciation	107
Family Dollar | Hampton, AR
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	651
Initial Costs to Company
Land	131
Buildings and Improvements	741
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	872
Accumulated Depreciation	111
Family Dollar | Londonderry, OH
Initial Costs to Company
Land	65
Buildings and Improvements	1,078
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,143
Accumulated Depreciation	146
Family Dollar | Tatum, NM
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	700
Initial Costs to Company
Land	130
Buildings and Improvements	805
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	935
Accumulated Depreciation	111
Family Dollar | West Portsmouth, OH
Initial Costs to Company
Land	214
Buildings and Improvements	768
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	982
Accumulated Depreciation	89
FedEx | Elko, NV
Initial Costs to Company
Land	186
Buildings and Improvements	2,024
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,210
Accumulated Depreciation	297
FedEx | Spirit Lake, IA
Initial Costs to Company
Land	115
Buildings and Improvements	2,501
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,616
Accumulated Depreciation	335
FleetPride | Mobile, AL
Initial Costs to Company
Land	695
Buildings and Improvements	2,445
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,140
Accumulated Depreciation	272
Fresh Thyme | Indianapolis, IN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,470
Initial Costs to Company
Land	1,074
Buildings and Improvements	7,452
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,526
Accumulated Depreciation	313
Fresh Thyme | Worthington, OH
Initial Costs to Company
Land	2,648
Buildings and Improvements	6,498
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	9,146
Accumulated Depreciation	414
Great White | Oklahoma City, OK
Initial Costs to Company
Land	323
Buildings and Improvements	4,031
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,354
Accumulated Depreciation	513
H&E Equipment Services | Albuquerque, NM
Initial Costs to Company
Land	1,211
Buildings and Improvements	4,278
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	5,489
Accumulated Depreciation	111
H&E Equipment Services | Fort Myers, FL
Initial Costs to Company
Land	735
Buildings and Improvements	3,963
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,698
Accumulated Depreciation	78
H&E Equipment Services | Suwanee, GA
Initial Costs to Company
Land	1,020
Buildings and Improvements	3,505
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,525
Accumulated Depreciation	61
Headwaters | Bryan, TX
Initial Costs to Company
Land	273
Buildings and Improvements	961
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,234
Accumulated Depreciation	111
Hobby Lobby | Sedalia, MO
Initial Costs to Company
Land	478
Buildings and Improvements	3,976
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,454
Accumulated Depreciation	90
Hobby Lobby | Cadillac, MI
Initial Costs to Company
Land	480
Buildings and Improvements	4,382
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,862
Accumulated Depreciation	77
Hobby Lobby | Watertown, SD
Initial Costs to Company
Land	565
Buildings and Improvements	4,252
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,817
Accumulated Depreciation	113
Hobby Lobby | Willmar, MN
Initial Costs to Company
Land	1,289
Buildings and Improvements	3,721
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	5,010
Accumulated Depreciation	105
Jewel-Osco | Spring Grove, IL
Initial Costs to Company
Land	739
Buildings and Improvements	9,530
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	10,269
Accumulated Depreciation	34
Jewel-Osco | Wood Dale, IL
Initial Costs to Company
Land	3,368
Buildings and Improvements	6,146
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	9,514
Accumulated Depreciation	22
Jo-Ann's | Roseville, MI
Initial Costs to Company
Land	506
Buildings and Improvements	2,747
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,253
Accumulated Depreciation	457
Kloeckner | University Park, IL
Initial Costs to Company
Land	816
Buildings and Improvements	11,887
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	12,703
Accumulated Depreciation	44
Kum & Go | Cedar Rapids, IA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,501
Initial Costs to Company
Land	630
Buildings and Improvements	1,679
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,309
Accumulated Depreciation	253
L.A. Fitness | Pawtucket, RI
Initial Costs to Company
Land	5,556
Buildings and Improvements	7,071
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	12,627
Accumulated Depreciation	640
L.A. Fitness | Rock Hill, SC
Initial Costs to Company
Land	630
Buildings and Improvements	7,858
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,488
Accumulated Depreciation	422
Lowe's | Fremont, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,312
Initial Costs to Company
Land	1,287
Buildings and Improvements	7,125
Total Adjustment to Basis	278
Gross Amount at Which Carried At December 31, 2018	8,690
Accumulated Depreciation	1,117
Lowe's | North Dartmouth, MA
Initial Costs to Company
Land	7,334
Buildings and Improvements	11,976
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	19,310
Accumulated Depreciation	832
Marshalls | Wilkesboro, NC
Initial Costs to Company
Land	968
Buildings and Improvements	1,775
Total Adjustment to Basis	151
Gross Amount at Which Carried At December 31, 2018	2,894
Accumulated Depreciation	118
Marshalls & Petco | Blaine, MN
Initial Costs to Company
Land	1,642
Buildings and Improvements	5,170
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	6,812
Accumulated Depreciation	388
Mattress Firm | Fairview Park, OH
Initial Costs to Company
Land	646
Buildings and Improvements	830
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,476
Accumulated Depreciation	108
Mattress Firm | Gadsden, AL
Initial Costs to Company
Land	393
Buildings and Improvements	1,413
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,806
Accumulated Depreciation	207
Mattress Firm | Phoenix, AZ
Initial Costs to Company
Land	550
Buildings and Improvements	956
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,506
Accumulated Depreciation	125
Mattress Firm & Panera Bread | Elyria, OH
Initial Costs to Company
Land	1,100
Buildings and Improvements	2,836
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,936
Accumulated Depreciation	239
McAlister's Deli | Amarillo, TX
Initial Costs to Company
Land	435
Buildings and Improvements	1,050
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,485
Accumulated Depreciation	152
McAlister's Deli | Shawnee, OK
Initial Costs to Company
Land	601
Buildings and Improvements	1,054
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,655
Accumulated Depreciation	145
Mister Carwash | Hudson, FL
Initial Costs to Company
Land	1,014
Buildings and Improvements	843
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,857
Accumulated Depreciation	48
Mister Carwash | Spring Hill, FL
Initial Costs to Company
Land	961
Buildings and Improvements	1,156
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,117
Accumulated Depreciation	65
National Tire & Battery | Conyers, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,657
Initial Costs to Company
Land	522
Buildings and Improvements	1,845
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,367
Accumulated Depreciation	209
Natural Grocers | Prescott, AZ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,367
Initial Costs to Company
Land	795
Buildings and Improvements	2,802
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,597
Accumulated Depreciation	463
North Lake Square | Gainesville, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	13,365
Initial Costs to Company
Land	1,318
Buildings and Improvements	22,598
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	23,916
Accumulated Depreciation	960
Northern Tool | Hoover, AK
Initial Costs to Company
Land	691
Buildings and Improvements	2,150
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,841
Accumulated Depreciation	257
O'Reilly Auto Parts | Decatur, GA
Initial Costs to Company
Land	491
Buildings and Improvements	985
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,476
Accumulated Depreciation	59
O'Reilly Auto Parts | Fayetteville, NC
Initial Costs to Company
Land	132
Buildings and Improvements	1,246
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,378
Accumulated Depreciation	150
PetSmart | Lexington, NC
Initial Costs to Company
Land	605
Buildings and Improvements	3,162
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,767
Accumulated Depreciation	201
PetSmart | Little Rock, AR
Initial Costs to Company
Land	1,283
Buildings and Improvements	2,820
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,103
Accumulated Depreciation	431
PetSmart | McAllen, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,924
Initial Costs to Company
Land	1,961
Buildings and Improvements	1,994
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,955
Accumulated Depreciation	352
Procter & Gamble | Fayetteville, AR
Initial Costs to Company
Land	1,757
Buildings and Improvements	8,663
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	10,420
Accumulated Depreciation	173
Raising Canes | Avondale, AZ
Initial Costs to Company
Land	1,435
Buildings and Improvements	1,857
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,292
Accumulated Depreciation	215
Sam's Club | Timonium, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,150
Initial Costs to Company
Land	6,194
Buildings and Improvements	11,042
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	17,236
Accumulated Depreciation	892
Sherwin-Williams | Fort Myers, FL
Initial Costs to Company
Land	515
Buildings and Improvements	703
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,218
Accumulated Depreciation	40
Sherwin-Williams | Douglasville, GA
Initial Costs to Company
Land	417
Buildings and Improvements	578
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	995
Accumulated Depreciation	83
Sherwin-Williams | Lawrenceville, GA
Initial Costs to Company
Land	320
Buildings and Improvements	845
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,165
Accumulated Depreciation	131
Sherwin-Williams | Pigeon Forge, TN
Initial Costs to Company
Land	393
Buildings and Improvements	661
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,054
Accumulated Depreciation	39
Shopko | Larned, KS
Initial Costs to Company
Land	49
Buildings and Improvements	1,727
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,776
Accumulated Depreciation	216
Shopko | Nephi, UT
Initial Costs to Company
Land	180
Buildings and Improvements	2,872
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,052
Accumulated Depreciation	216
Sleepy's | Roanoke Rapids, NC
Initial Costs to Company
Land	238
Buildings and Improvements	1,267
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,505
Accumulated Depreciation	113
Sunoco | Merritt Island, FL
Initial Costs to Company
Land	577
Buildings and Improvements	1,762
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,339
Accumulated Depreciation	252
SuperValu | Oglesby, IL
Initial Costs to Company
Land	1,190
Buildings and Improvements	14,098
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	15,288
Accumulated Depreciation	167
Tailwinds | Denton, TX
Initial Costs to Company
Land	884
Buildings and Improvements	7,747
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,631
Accumulated Depreciation	840
Tellico Greens | Loudon, TN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,000
Initial Costs to Company
Land	823
Buildings and Improvements	3,959
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,782
Accumulated Depreciation	524
Tempe Commerce | Tempe, AZ
Initial Costs to Company
Land	1,975
Buildings and Improvements	12,512
Total Adjustment to Basis	83
Gross Amount at Which Carried At December 31, 2018	14,570
Accumulated Depreciation	431
Tempe Commerce | Tempe, AZ
Initial Costs to Company
Land	1,872
Buildings and Improvements	10,758
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	12,630
Accumulated Depreciation	105
Teredata | Miami Township, OH
Initial Costs to Company
Land	1,161
Buildings and Improvements	9,181
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	10,342
Accumulated Depreciation	618
The Toro Company | Windom, MN
Initial Costs to Company
Land	73
Buildings and Improvements	8,708
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	8,781
Accumulated Depreciation	585
Time Warner | Streetsboro, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,543
Initial Costs to Company
Land	811
Buildings and Improvements	3,849
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,660
Accumulated Depreciation	436
Tire Centers | Decatur, AL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,311
Initial Costs to Company
Land	208
Buildings and Improvements	1,329
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	1,537
Accumulated Depreciation	158
Title Resource | Mt. Laurel, NJ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,240
Initial Costs to Company
Land	2,188
Buildings and Improvements	12,380
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	14,568
Accumulated Depreciation	1,540
TJ Maxx | Danville, IL
Initial Costs to Company
Land	271
Buildings and Improvements	2,528
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	2,799
Accumulated Depreciation	420
Triangle Town Place | Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	16,400
Initial Costs to Company
Land	4,694
Buildings and Improvements	23,044
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	27,738
Accumulated Depreciation	1,262
Valeo North American HQ | Troy, MI
Initial Costs to Company
Land	1,564
Buildings and Improvements	11,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	13,226
Accumulated Depreciation	391
Valeo Production Facility | East Liberty, OH
Initial Costs to Company
Land	268
Buildings and Improvements	5,564
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	5,832
Accumulated Depreciation	242
Valvoline HQ | Lexington, KY
Initial Costs to Company
Land	5,204
Buildings and Improvements	31,112
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	36,316
Accumulated Depreciation	832
Walgreens | Albuquerque, NM
Initial Costs to Company
Land	789
Buildings and Improvements	1,609
Total Adjustment to Basis	10
Gross Amount at Which Carried At December 31, 2018	2,408
Accumulated Depreciation	288
Walgreens | Coweta, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,600
Initial Costs to Company
Land	725
Buildings and Improvements	3,246
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,971
Accumulated Depreciation	370
Walgreens | Reidsville, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,603
Initial Costs to Company
Land	610
Buildings and Improvements	3,801
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,411
Accumulated Depreciation	691
Walgreens | St. Louis, MO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,534
Initial Costs to Company
Land	307
Buildings and Improvements	3,205
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	3,512
Accumulated Depreciation	353
Walmart | Randallstown, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,250
Initial Costs to Company
Land	7,748
Buildings and Improvements	22,021
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	29,769
Accumulated Depreciation	1,111
Weasler Engineering | West Bend, WI
Initial Costs to Company
Land	600
Buildings and Improvements	12,732
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	13,332
Accumulated Depreciation	177
West Marine | Mystic, CT
Initial Costs to Company
Land	1,168
Buildings and Improvements	3,132
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2018	4,300
Accumulated Depreciation	$ 290
Retail
Initial Costs to Company
Number of properties | property	122
Anchored Shopping Center
Initial Costs to Company
Number of properties | property	6
Industrial Property
Initial Costs to Company
Number of properties | property	14
Office
Initial Costs to Company
Number of properties | property	10

SCHEDULE III - Reconciliation o

SCHEDULE III - Reconciliation of Total Real Estate Carrying Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance, beginning of period	$ 618,085	$ 406,447	$ 237,401
Additions
Acquisitions	221,951	219,584	168,901
Improvements	472	598	145
Total additions	222,423	220,182	169,046
Deductions
Dispositions	(39,272)	0	0
Impairments	(2,267)	(227)	0
Reclassified to assets held for sale	0	(8,317)	0
Total deductions	(41,539)	(8,544)	0
Balance, end of period	$ 798,969	$ 618,085	$ 406,447

SCHEDULE III - Reconciliation_2

SCHEDULE III - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of period	$ 26,073	$ 14,768	$ 8,168
Additions
Acquisitions - depreciation expense	17,099	11,537	6,576
Improvements - depreciation expense	1,327	544	24
Total additions	18,426	12,081	6,600
Impairments
Impairments	0	(10)	0
Dispositions	(2,854)	0	0
Reclassified to assets held for sale	0	(766)	0
Total deductions	(2,854)	(776)	0
Balance, end of period	$ 41,645	$ 26,073	$ 14,768