Hartman vREIT XXI (HART) 10-Q 12 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 01, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	333-232308
Entity Registrant Name	HARTMAN vREIT XXI, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	38-3978914
Entity Address, Address Line One	2909 Hillcroft
Entity Address, Address Line Two	Suite 420
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77057
City Area Code	713
Local Phone Number	467-2222
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Emerging Growth Company	true
Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,772,628
Amendment Flag	false
Entity Central Index Key	0001654948
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Real estate assets, at cost	$ 79,653,000	$ 77,173,000
Accumulated depreciation and amortization	(9,299,000)	(4,691,000)
Real estate assets, net	70,354,000	72,482,000
Cash and cash equivalents	406,000	133,000
Restricted cash	107,000	278,000
Notes receivable - related parties	13,400,000	4,400,000
Investment in unconsolidated entities	11,736,000	8,027,000
Deferred lease commissions, net	700,000	314,000
Accrued rent and accounts receivable, net	1,317,000	964,000
Prepaid expenses and other assets	298,000	573,000
Acquisition deposit	2,019,000	1,850,000
Due from related parties	0	550,000
Total assets	100,337,000	89,571,000
Liabilities:
Notes payable, net	33,177,000	18,317,000
Accounts payable and accrued expenses	3,197,000	4,003,000
Due to related parties	364,000	0
Tenants' security deposits	544,000	646,000
Total liabilities	37,282,000	22,966,000
Commitments and contingencies
Special limited partnership interests	1,000	1,000
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	0	0
Additional paid-in capital	79,935,000	77,573,000
Accumulated distributions and net loss	(16,969,000)	(11,054,000)
Total stockholders' equity	63,054,000	66,604,000
Total liabilities and total equity	100,337,000	89,571,000
Class A
Stockholders' equity:
Common stock	83,000	80,000
Class T
Stockholders' equity:
Common stock	5,000	5,000
Class S
Stockholders' equity:
Common stock	0	0
Class I
Stockholders' equity:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Par value of common stock (in dollars per share)	$ 0.01
Shares of common stock authorized (in shares)	900,000,000
Par value of preferred stock (in dollars per share)	$ 0.01	$ 0.01
Shares of preferred stock authorized (in shares)	50,000,000	50,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Class A
Par value of common stock (in dollars per share)	$ 0.01	$ 0.01
Shares of common stock authorized (in shares)	270,000,000	270,000,000
Common stock issued (in shares)	8,287,691	8,057,390
Common stock outstanding (In shares)	8,287,691	8,057,390
Class T
Par value of common stock (in dollars per share)	$ 0.01	$ 0.01
Shares of common stock authorized (in shares)	70,000,000	70,000,000
Common stock issued (in shares)	466,482	454,256
Common stock outstanding (In shares)	466,482	454,256
Class S
Par value of common stock (in dollars per share)	$ 0.01
Shares of common stock authorized (in shares)	280,000,000
Common stock issued (in shares)	0
Common stock outstanding (In shares)	0
Class I
Par value of common stock (in dollars per share)	$ 0.01
Shares of common stock authorized (in shares)	280,000,000
Common stock issued (in shares)	0
Common stock outstanding (In shares)	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Rental revenues	$ 2,971	$ 1,367	$ 9,010	$ 4,132
Tenant reimbursements and other revenues	166	173	719	511
Total revenues	3,137	1,540	9,729	4,643
Expenses (income)
Property operating expenses	1,314	749	3,875	1,973
Asset management fees	127	63	415	188
Organization and offering costs	39	116	125	183
Real estate taxes and insurance	672	254	1,888	725
Depreciation and amortization	1,549	684	4,608	2,037
General and administrative	286	91	762	301
Interest expense	204	103	688	406
Interest and dividend income	(314)	(180)	(873)	(322)
Total expenses, net	3,877	1,880	11,488	5,491
Net loss	$ (740)	$ (340)	$ (1,759)	$ (848)
Basic and diluted loss per common share:
Net loss attributable to common stockholders (in dollars per share)	$ (80)	$ (50)	$ (200)	$ (160)
Weighted average number of common shares outstanding, basic and diluted (in shares)	8,727	6,663	8,657	5,228

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Class A and Class T Common Stock	Additional Paid-in Capital	Accumulated Distributions And Net Loss
Beginning Balance (in shares) at Dec. 31, 2018		3,721
Beginning Balance at Dec. 31, 2018	$ 28,317	$ 37	$ 34,004	$ (5,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(508)
Ending Balance (in shares) at Jun. 30, 2019		5,835
Ending Balance at Jun. 30, 2019	45,131	$ 58	52,993	(7,920)
Beginning Balance (in shares) at Dec. 31, 2018		3,721
Beginning Balance at Dec. 31, 2018	28,317	$ 37	34,004	(5,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares (in shares)		4,431
Issuance of common shares	43,319	$ 44	43,275
Selling commissions	(3,189)		(3,189)
Redemptions (in shares)		(10)
Redemptions	(93)		(93)
Dividends and distributions (stock)	(493)			(493)
Dividends and distributions (DRP)	(1,080)			(1,080)
Dividends and distributions (cash)	(1,319)			(1,319)
Net income (loss)	(848)			(848)
Ending Balance (in shares) at Sep. 30, 2019		8,142
Ending Balance at Sep. 30, 2019	64,614	$ 81	73,997	(9,464)
Beginning Balance (in shares) at Jun. 30, 2019		5,835
Beginning Balance at Jun. 30, 2019	45,131	$ 58	52,993	(7,920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares (in shares)		2,307
Issuance of common shares	22,683	$ 23	22,660
Selling commissions	(1,656)		(1,656)
Dividends and distributions (stock)	(159)			(159)
Dividends and distributions (DRP)	(471)			(471)
Dividends and distributions (cash)	(574)			(574)
Net income (loss)	(340)			(340)
Ending Balance (in shares) at Sep. 30, 2019		8,142
Ending Balance at Sep. 30, 2019	64,614	$ 81	73,997	(9,464)
Beginning Balance (in shares) at Dec. 31, 2019		8,512
Beginning Balance at Dec. 31, 2019	66,604	$ 85	77,573	(11,054)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares (in shares)		255
Issuance of common shares	2,685	$ 3	2,682
Selling commissions	(177)		(177)
Redemptions (in shares)		(13)
Redemptions	(143)		(143)
Dividends and distributions (DRP)	(1,790)			(1,790)
Dividends and distributions (cash)	(2,366)			(2,366)
Net income (loss)	(1,759)			(1,759)
Ending Balance (in shares) at Sep. 30, 2020		8,754
Ending Balance at Sep. 30, 2020	63,054	$ 88	79,935	(16,969)
Beginning Balance (in shares) at Jun. 30, 2020		8,695
Beginning Balance at Jun. 30, 2020	64,690	$ 87	79,423	(14,820)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares (in shares)		65
Issuance of common shares	605	$ 1	604
Selling commissions	(34)		(34)
Redemptions (in shares)		(6)
Redemptions	(58)		(58)
Dividends and distributions (DRP)	(600)			(600)
Dividends and distributions (cash)	(809)			(809)
Net income (loss)	(740)			(740)
Ending Balance (in shares) at Sep. 30, 2020		8,754
Ending Balance at Sep. 30, 2020	$ 63,054	$ 88	$ 79,935	$ (16,969)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (1,759)	$ (848)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock based compensation	40	19
Depreciation and amortization	4,608	2,037
Deferred loan and lease commission costs amortization	218	93
Bad debt provision (recovery)	69	(39)
Changes in operating assets and liabilities:
Accrued rent and accounts receivable	(422)	(110)
Deferred lease commissions	(477)	(119)
Prepaid expenses and other assets	148	(38)
Accounts payable and accrued expenses	(865)	514
Due to/from related parties	914	277
Tenants' security deposits	(102)	21
Net cash provided by operating activities	2,372	1,807
Cash flows from investing activities:
Acquisition deposit	(169)	(743)
Additions to real estate	(2,480)	(5,645)
Notes receivable-related parties	(9,000)	0
Investment in unconsolidated entities	(3,709)	0
Net cash used in investing activities	(15,358)	(6,388)
Cash flows from financing activities:
Proceeds from issuance of common stock	1,034	42,095
Payment of redemption of common stock	(143)	(93)
Distributions paid in cash	(2,359)	(1,191)
Payment of selling commissions	(177)	(3,189)
Deferred loan costs paid	(192)	(20)
Escrowed investor proceeds	0	(118)
Subscriptions for common stock	0	118
Proceeds from revolving credit facility	15,400	2,550
Repayments under revolving credit facility	(475)	(10,819)
Net cash provided by financing activities	13,088	29,333
Net increase in cash and cash equivalents and restricted cash	102	24,752
Cash and cash equivalents and restricted cash, beginning of period	411	5,992
Cash and cash equivalents and restricted cash, end of period	513	30,744
Supplemental cash flow information:
Cash paid for interest	579	328
Supplemental disclosures of non-cash investing and financing activities:
Increase in distributions payable	37	54
Distributions paid in stock	$ 1,753	$ 1,518

Organization and Business

Organization and Business	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Hartman vREIT XXI, Inc. (the “Company”) is a Maryland corporation formed on September 3, 2015. The Company elected to be treated as a real estate investment trust (“REIT”) beginning with its taxable year ended December 31, 2017. The Company’s fiscal year end is December 31. In its initial public offering, the Company offered to the public up to $250,000,000 in any combination of shares of Class A and Class T common stock and up to $19,000,000 in shares of Class A and Class T common stock to stockholders pursuant to its distribution reinvestment plan. The Company's follow-on offering (Registration No. 333-232308) was declared effective by the Securities and Exchange Commission on January 14, 2020. In its follow-on offering, the Company registered $180,000,000 in any combination of shares of Class A and Class T common stock to be offered to the public and $5,000,000 to be offered to shareholders pursuant to the distribution reinvestment plan. Effective September 7, 2019, the sale price of the Company's Class A and Class T common shares to the public was $13.00 and $12.48 per share, representing the net asset value per share as determined by the board of directors plus the applicable sales commissions and managing broker dealer fees. The sale price of Class A and Class T common shares to the Company's shareholders pursuant to the distribution reinvestment plan was $11.70 and $11.23 per share. Effective May 18, 2020, the sale price of the Company's Class A and Class T common shares to the public is $11.44 and $10.95 per share, representing the net asset value per share as determined by the board of directors plus the applicable sales commissions and managing broker dealer fees. The sale price of Class A and Class T common shares to the Company's shareholders pursuant to the distribution reinvestment plan is $10.30 per share. On May 12, 2020, the Company's board of directors authorized the classification and designation of Class I and Class S common stock. As of September 30, 2020, 900,000,000 shares of capital stock were classified as common stock, par value $0.01 per share, 270,000,000 of which were classified and designated as Class A common stock (“Class A Shares”), 280,000,000 were classified and designated as Class S common stock ("Class S Shares"), 280,000,000 of which were classified as Class I common stock ("Class I Shares"), and 70,000,000 were designated as Class T Common stock (“Class T Shares”). The additional share classes have been included in an amendment to the Company's registration statement and prospectus which was declared effective by the Securities and Exchange Commission on July 27, 2020. Effective July 27, 2020, the sale price of our Class A, Class S, Class I and Class T common shares to the public is $11.44, $10.67, $10.30 and $10.95 per share, respectively, representing the net asset value per share as determined by the board of directors plus the applicable sales commissions and managing broker dealer fees. The sale price of all classes of common shares to our shareholders pursuant to the distribution reinvestment plan is $10.30 per share. The Company’s board of directors may, in its sole discretion and from time to time, change the price at which the Company offers shares to the public in the primary offering or pursuant to its distribution reinvestment plan to reflect changes in estimated value per share and other factors that the board of directors deems relevant. The Company’s advisor is Hartman XXI Advisors, LLC (the “Advisor”), a wholly owned subsidiary of Hartman Advisors, LLC. Hartman Income REIT Management, Inc., an affiliate of the Advisor, is the Company’s sponsor and property manager (“Sponsor” or “Property Manager”). Effective July 1, 2020 Hartman Advisors, LLC and Hartman Income REIT Management, Inc. are wholly-owned subsidiaries of Hartman Short Term Income Properties XX, Inc. Subject to certain restrictions and limitations, the Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making acquisitions and investments on behalf of the Company. Substantially all the Company’s business is conducted through Hartman vREIT XXI Operating Partnership, L.P., a Texas limited partnership (the “OP”). The Company is the sole general partner of the OP. The initial limited

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2019 are derived from our audited consolidated financial statements as of that date. The unaudited consolidated financial statements as of September 30, 2020 , have been prepared by the Company in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission, including Form 10-Q and Regulation S-X, on a basis consistent with the annual audited consolidated financial statements. The unaudited consolidated financial statements presented herein reflect all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position of the Company as of September 30, 2020, and the results of its consolidated operations for the three and nine months ended September 30, 2020 and 2019, the consolidated statements of stockholders’ equity for the three and nine months ended September 30, 2020 and 2019 and the consolidated statements of cash flows for the nine months ended September 30, 2020 and 2019. The results for the nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020. The consolidated financial statements herein are condensed and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Amendment No. 2 to the Annual Report on Form 10-K/A for the year ended December 31, 2019. The Company’s consolidated financial statements include the Company’s accounts and the accounts of its subsidiaries over which the Company has control. All intercompany balances and transactions are eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent 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. Cash and Cash Equivalents All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. Cash and cash equivalents as of September 30, 2020 and December 31, 2019 consisted of demand deposits at commercial banks. Restricted Cash Restricted cash on the accompanying consolidated balance sheets consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service, as required by certain of our mortgage debt agreements. Financial Instruments The accompanying consolidated balance sheets include the following financial instruments: cash and cash equivalents, restricted cash, notes receivable, accrued rent and accounts receivable, accounts payable and accrued expenses, notes payable, net and balances with related parties. The Company considers the carrying value, other than notes payable, net, to approximate the fair value of these financial instruments based on the short duration between origination of the instruments and their expected realization. Based on borrowing rates currently available to the Company for loans with similar terms, the carrying value of its notes payable approximates fair value. Revenue Recognition The Company’s leases are accounted for as operating leases. Certain leases provide for tenant occupancy during periods for which no rent is due and/or for increases or decreases in the minimum lease payments over the terms of the leases. Revenue is recognized on a straight-line basis over the terms of the individual leases. Revenue recognition under a lease begins when the tenant takes possession of or controls the physical use of the leased space. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for the purposes of this calculation. The Company’s accrued rents are included in accrued rent and accounts receivable, net, on the accompanying consolidated balance sheets. The Company will defer the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Additionally, cost recoveries from tenants are included in the Tenant Reimbursement and Other Revenues line item in the consolidated statements of operations in the period the related costs are incurred. Investment in Unconsolidated Entities The Company's investments in Hartman SPE, LLC and Hartman Short Term Income Properties XX, Inc. are stated at cost and accounted for under the cost method. Allocation of Purchase Price of Acquired Assets Acquisitions of integrated assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. The Company believes most of its future acquisitions of operating properties will qualify as asset acquisitions.Third party transaction costs, including acquisition fees paid to Advisor, associated with asset acquisitions will be capitalized while internal acquisition costs will continue to be expensed as incurred. Upon acquisition, the purchase price of properties is allocated to the tangible assets acquired, consisting of land, buildings and improvements, any assumed debt and asset retirement obligations, if any, based on their relative fair values. Acquisition costs, including acquisition fees paid to our advisor, are capitalized as part of the purchase price. Land and building and improvement fair values are derived based upon the Company’s estimate of fair value after giving effect to estimated replacement cost less depreciation or estimates of the relative fair value of these assets using discounted cash flow analysis or similar methods. The fair values of above-market and below-market in-place lease values, including below-market renewal options for which renewal has been determined to be reasonably assured, are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) an estimate of fair market lease rates for the corresponding in-place leases and below-market renewal options, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease. The above-market and below-market lease and renewal option values are capitalized as intangible lease assets or liabilities and amortized as an adjustment of rental income over the remaining expected terms of the respective leases. The fair values of in-place leases include direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated based on independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are included in intangible lease assets and are amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. Customer relationships are valued based on expected renewal of a lease or the likelihood of obtaining a particular tenant for other locations. These intangibles are included in real estate assets in the consolidated balance sheets and are being amortized to expense over the remaining term of the respective leases. The Company determines the fair value of any assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that the Company believes it could obtain at the date of acquisition. Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan as interest expense. In allocating the purchase price of each of the Company’s properties, the Company makes assumptions and uses various estimates, including, but not limited to, the estimated useful lives of the assets, the cost of replacing certain assets and discount rates used to determine present values. The Company uses Level 3 inputs to to estimate fair value of the acquired properties. Many of these estimates are obtained from independent third-party appraisals. However, the Company is responsible for the source and use of these estimates. These estimates require judgment and are subject to being imprecise; accordingly, if different estimates and assumptions were derived, the valuation of the various categories of the Company’s properties or related intangibles could in turn result in a difference in the depreciation or amortization expense recorded in the Company’s consolidated financial statements. These variances could be material to the Company’s results of operations and financial condition. Depreciation and amortization Depreciation is computed using the straight-line method over the estimated useful lives of 5 to 39 years for buildings and improvements. Tenant improvements are depreciated using the straight-line method over the lesser of the life of the improvement or the remaining term of the lease. In-place leases are amortized using the straight-line method over the weighted average years’ remaining calculated on terms of all of the leases in-place when acquired. Impairment The Company reviews its real estate assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the assets, including accrued rental income, may not be recoverable through operations. The Company determines whether an impairment in value has occurred by comparing the estimated future cash flows (undiscounted and without interest charges), including the estimated residual value of the property, with the carrying cost of the property. If impairment is indicated, a loss will be recorded for the amount by which the carrying value of the property exceeds its fair value. Management has determined that there is no impairment indicated in the carrying value of the Company’s real estate assets as of September 30, 2020. Accrued Rent and Accounts Receivable Accrued rent and accounts receivable include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. An allowance for the uncollectible portion of accrued rent and accounts receivable is determined based upon customer credit-worthiness (including expected recovery of our claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. Prepaid expenses and other assets Prepaid expenses and other assets include prepaid insurance, subscription receivable and miscellaneous other assets and prepayments. As of September 30, 2020 and December 31, 2019, the Company had $298,000 and $573,000, respectively in prepaid expenses and other assets. Acquisition Deposits Acquisition deposits represent funds placed in escrow or advanced to a seller of property which the Company plans to acquire. As of September 30, 2020 and December 31, 2019, the Company had acquisition deposits of $2,019,000 and $1,850,000, respectively, which are included in the consolidated balance sheets. Organization and Offering Costs As of September 30, 2020, total organization and offering costs incurred for the Offering amounted to $1,503,000. The total organizational and offering costs incurred by the Company (including selling commissions, dealer manager fees and all other underwriting compensation) will not exceed 15% of the aggregate gross proceeds from the sale of the shares of common stock sold in the Offering. Organization costs, when recorded by the Company, are expensed as incurred, and offering costs, which include selling commissions, dealer manager fees and all other underwriting compensation, are deferred and charged to stockholders’ equity as such amounts are reimbursed or paid by the Advisor, the dealer manager or their affiliates from gross offering proceeds. For the three and nine months ended September 30, 2020 and 2019, such costs totaled $39,000 and $116,000, and $125,000 and $183,000, respectively. Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code, commencing in the taxable year ended December 31, 2017. If the Company qualifies for taxation as a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes its REIT taxable income to its stockholders, so long as it distributes at least 90 percent of its REIT taxable income (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP).REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies 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. Prior to qualifying to be taxed as a REIT, the Company is subject to normal federal and state corporation income taxes. For the three months ended September 30, 2020 and 2019, the Company had net loss of $740,000 and $340,000, respectively. For the nine months ended September 30, 2020 and 2019, the Company incurred a net loss of $1,759,000 and $848,000, respectively. The Company formed a taxable REIT subsidiary which may generate future taxable income which may offset by the net loss carry forward. The Company considers that any deferred tax benefit and corresponding deferred tax asset which may be recorded in light of the net loss carry forward would be properly offset by an equal valuation allowance. Accordingly, no deferred tax benefit or deferred tax asset has been recorded in the consolidated financial statements. The Company is required to recognize in its consolidated financial statements the financial effects of a tax position only if it is determined that it is more likely than not that the tax position will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management has reviewed the Company’s tax positions and is of the opinion that material positions taken by the Company would more likely than not be sustained upon examination. Accordingly, the Company has not recognized a liability related to uncertain tax positions as of September 30, 2020 and December 31, 2019, respectively. Loss Per Share The computations of loss per common share are based upon the weighted average number of common shares outstanding and potentially dilutive securities. The Company’s potentially dilutive securities include special limited partnership interests – see Note 12. For the three and nine months ended September 30, 2020 and 2019, there were no shares issuable in connection with these potentially dilutive securities. These potentially dilutive securities were excluded from the computations of diluted net loss per share for the three and nine months ended September 30, 2020 and 2019. Concentration of Risk The Company maintains cash accounts in one U.S. financial institution. The terms of the Company’s deposits are on demand to minimize risk. The balances of the Company’s depository accounts may exceed the federally insured limit. No losses have been incurred in connection with these deposits. The geographic concentration of the Company’s real estate assets makes it susceptible to adverse economic developments in the State of Texas. Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, relocations of businesses, increased competition or any other changes, could adversely affect the Company’s operating results and its ability to make distributions to stockholders. Major tenants are defined as those tenants which individually comprise more than 10% of the Company’s total rental revenues. One tenant of the Spectrum Building represents more than 10% of total annualized rental revenue for the nine months ended September 30, 2020 and 2019, respectively. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The updated guidance requires measurement and recognition of expected credit losses for financial assets, including trade and other receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This is different from the current guidance as this will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets. Generally, the pronouncement requires a modified retrospective method of adoption. This guidance is effective for fiscal years and interim periods within those years beginning after January 2023, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements when adopted.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Real Estate	Real Estate The Company’s real estate assets consisted of the following, in thousands: September 30, 2020 December 31, 2019 Land $ 16,816 $ 16,816 Buildings and improvements 55,360 52,880 In-place lease value intangible 7,477 7,477 79,653 77,173 Less accumulated depreciation and amortization (9,299) (4,691) Total real estate assets $ 70,354 $ 72,482 Depreciation expense for the three months ended September 30, 2020 and 2019 was $889,000 and $260,000, respectively and $2,673,000 and $786,000 for the nine months ended September 30, 2020 and 2019, respectively. Amortization expenses for the three months ended September 30, 2020 and 2019 was $660,000 and $424,000, respectively, and $1,935,000 and $1,251,000, respectively, for the nine months ended September 30, 2020 and 2019. The Company identifies and records the value of acquired lease intangibles at the property acquisition date. Such intangibles include the value of acquired in-place leases and above and below-market leases. Acquired lease intangibles are amortized over the leases' remaining terms. With respect to all properties owned by the Company, the Company considers all of the in-place leases to be market rate leases. The amount of total in-place lease intangible asset and the respective accumulated amortization are as follows, in thousands: September 30, 2020 December 31, 2019 In-place lease value intangible $ 7,477 $ 7,477 In-place leases – accumulated amortization (4,378) (2,443) Acquired in-place lease intangible assets, net $ 3,099 $ 5,034 Acquisition fees incurred were $0 for the three months ended September 30, 2020 and 2019 and $0 and $124,000 for the nine months ended September 30, 2020 and 2019, respectively. The acquisition fees have been capitalized and added to the real estate assets, at cost, in the accompanying consolidated balance sheets. Asset management fees incurred were $127,000 and $63,000 for the three months ended September 30, 2020 and 2019, respectively, and $415,000 and $188,000 for the nine months ended September 30, 2020 and 2019, respectively. Asset management fees are captioned as such in the accompanying consolidated statements of operations. Correction of Immaterial Error In connection with the preparation of its financial statements for the year ended December 31, 2019, the Company determined that its allocation of the purchase price of the Spectrum Building as December 31, 2018 was not correct. The corrected allocation of purchase price is illustrated as follows (in thousands): As reported Revised Land $ 1,267 $ 2,631 Buildings and improvements 12,471 12,862 In-place lease intangible 3,213 1,458 Total $ 16,951 $ 16,951 These corrections had no material effect on the previously reported working capital or results of operations as of December 31, 2018 or for the year then ended. Real estate assets reported for the quarterly periods ended March 31, 2019, June 30, 2019 and September 30, 2019, would have been presented as follows if the correction had been recorded in such quarterly period (in thousands): Quarterly Period ended Year ended March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2018 As reported Revised As reported Revised As reported Revised As reported Revised Land $ 5,163 $ 6,528 $ 5,163 $ 6,528 $ 5,163 $ 6,528 $ 4,289 $ 5,653 Building and improvements 23,174 23,565 23,844 24,236 24,437 24,828 20,181 20,573 In-place lease value intangible 5,899 4,143 5,899 4,143 5,899 4,143 5,204 3,449 34,236 34,236 34,906 34,907 35,499 35,499 29,674 29,675 Less accumulated amortization (2,046) (1,846) (2,963) (2,563) (3,847) (3,247) (1,209) (1,209) Total real estate assets, net $ 32,190 $ 32,390 $ 31,943 $ 32,344 $ 31,652 $ 32,252 $ 28,465 $ 28,466 Depreciation and amortization expense and net loss for the quarterly periods ended March 31, 2019, June 30, 2019 and September 30, 2019, would have been presented as follows if the correction had been recorded in such quarterly period (in thousands): Quarterly Period ended March 31, 2019 June 30, 2019 September 30, 2019 As reported Revised As reported Revised As reported Revised Depreciation and amortization $ 836 $ 636 $ 917 $ 717 $ 884 $ 684 Net loss $ (461) $ (261) $ (447) $ (247) $ (540) $ (340) Three months ended March 31, 2019 Six months ended June 30, 2019 Nine months ended September 30, 2019 As reported Revised As reported Revised As reported Revised Depreciation and amortization $ 836 $ 636 $ 1,753 $ 1,353 $ 2,637 $ 2,037 Net loss $ (461) $ (261) $ (908) $ (508) $ (1,448) $ (848)

Investment in unconsolidated en

Investment in unconsolidated entities	9 Months Ended
	Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in unconsolidated entities	Investment in unconsolidated entities Effective March 1, 2019, the Company's board of directors approved the exchange of 3.42% of the Company's 5.89% ownership interest in Hartman SPE, LLC for 700,302 shares of common stock of Hartman Short Term Income Properties XX, Inc. ("Hartman XX"). The exchange reduced the Company’s ownership interest in Hartman SPE, LLC from 5.89% to 2.47%. On April 14, 2020, the Company made a tender offer to shareholders of Hartman Income REIT, Inc. ("HIREIT") to acquire up to 500,000 shares of HIREIT common stock at a price of $4.00 per share. On May 1, 2020, the Company extended the term of the tender offer until May 13, 2020 and modified the offer to purchase up 500,000 shares of HIREIT common stock at a price of $5.00 per share. As of September 24, 2020, the Company completed the acquisition of 661,940 HIREIT common shares and 80,000 Hartman Income REIT Operating Partnership ("HIROP") OP units for consideration of $3,709,703. The HIREIT common shares and HIROP OP units contemporaneously converted to 497,926 Hartman XX common shares and 60,178 Hartman XX Operating Partnership OP units.

Accrued Rent and Accounts Recei

Accrued Rent and Accounts Receivable, net	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Accrued Rent and Accounts Receivable, net	Accrued Rent and Accounts Receivable, net Accrued rent and accounts receivable, net, consisted of the following, in thousands: September 30, 2020 December 31, 2019 Tenant receivables $ 780 $ 714 Accrued rent 678 322 Allowance for uncollectible accounts (141) (72) Accrued rents and accounts receivable, net $ 1,317 $ 964 As of September 30, 2020 and December 31, 2019, the Company had an allowance for uncollectible accounts of $141,000 and $72,000, respectively, related to tenant receivables that the Company has specifically identified as potentially uncollectible based on assessment of each tenant’s credit-worthiness. For the three months ended September 30, 2020 and 2019, the Company recorded bad debt (recovery) expense in the amount of $(6,000) and $(27,000), respectively, and $69,000 and $(39,000) for the nine months ended September 30, 2020 and 2019, respectively. Bad debt expense and any related recoveries are included in property operating expenses in the accompanying consolidated statements of operations.

Future Minimum Rents

Future Minimum Rents	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Future Minimum Rents	Future Minimum Rents The Company leases the majority of its properties under noncancellable operating leases which provide for minimum base rentals. A summary of future rentals to be received (exclusive of renewals, tenant reimbursements, and contingent rentals) under noncancellable operating leases in existence at September 30, 2020 is as follows, in thousands: September 30, Minimum Future Rents 2021 $ 10,931 2022 7,703 2023 5,980 2024 4,262 2025 2,069 Thereafter 920 Total $ 31,865

Notes Payable, net

Notes Payable, net	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Notes Payable, net	Notes Payable, net The following table summarizes the Company's outstanding notes payable, net in thousands: Property/Facility Current Maturity Rate (1) September 30, 2020 December 31, 2019 Richardson Tech Center (2) March 2021 L + 275bps $ 2,520 $ 2,520 Master Credit Facility Agreement - EWB (3) December 2021 P - 50bps 20,000 16,000 Master Credit Facility Agreement - EWB (4) March 2023 P - 50bps 10,925 — 33,445 18,520 Less unamortized loan costs (268) (203) $ 33,177 $ 18,317 (1) One-month LIBOR ("L"); Prime ("P") (2) Payable in monthly installments of interest only until the maturity date. The interest rate as of September 30, 2020 was 2.90%. (3) The Company is a party to a $20 million master credit facility agreement ("MCFA") with East West Bank. The borrowing base of the MCFA may be adjusted from time to time subject to the lender’s underwriting with respect to real property collateral which secure the amount available to be borrowed. As of September 30, 2020 the MCFA is secured by the Spectrum Building and the 11211 Katy Freeway Building, the 1400 Broadfield Building, the 16420 Park Ten Building and the 7915 FM 1960 Building. The interest rate as of September 30, 2020 was 3.25%. The outstanding balance under the MCFA was $20,000,000 as of September 30, 2020 and the amount available to be borrowed was $0. (4) On March 10, 2020, the Company entered into a second $20 million master credit facility agreement ("MCFA II") with East West Bank. The Village Pointe and Accesso Portfolio properties are collateral security for the credit facility. The initial loan availability under the credit agreement is $13,925,000. The credit agreement matures on March 9, 2023. The interest rate as of September 30, 2020 was 3.25%. After the initial interest period, the interest rate resets to Prime minus 50 basis points. The outstanding balance under the MCFA II was $10,925,000 as of September 30, 2020 and the amount available to be borrowed was $3,000,000. The Company was in compliance with all loan covenants as of September 30, 2020. Interest expense for three months ended September 30, 2020 and 2019 was $204,000 and $103,000, respectively, including $42,000 and $26,000 of deferred loan cost amortization. Interest expense for the nine months ended September 30, 2020 and 2019 was $688,000 and $406,000 respectively, including $127,000 and $77,000 of deferred loan cost amortization. Unamortized deferred loan costs were $268,000 and $203,000 as of September 30, 2020 and December 31, 2019, respectively. Interest expense of $43,000 and $61,000 was payable as of September 30, 2020 and December 31, 2019, respectively, and is included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.

Related Party Arrangements

Related Party Arrangements	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Arrangements	Related Party Arrangements The Advisor is a wholly owned subsidiary of Hartman Advisors, LLC. The Property Manager is Hartman Income REIT Management, Inc., which was a wholly owned by Hartman Income REIT, Inc. Effective July 1, 2020 Hartman Advisors, LLC and Hartman Income REIT Management, Inc. are wholly owned by Hartman Short Term Income Properties XX, Inc. The Advisor and certain affiliates of the Advisor receive fees and compensation in connection with the offering, and the acquisition, management and sale of the Company’s real estate investments. In addition, in exchange for $1,000, the OP has issued the Advisor a separate, special limited partnership interest, in the form of Special Limited Partnership Interests. See Note 12 (“Special Limited Partnership Interest”) below. The Advisor receives reimbursement for organizational and offering expenses incurred on the Company’s behalf, but only to the extent that such reimbursements do not exceed actual expenses incurred by the Advisor and would not cause the cumulative selling commission, the dealer manager fee and other organization and offering expenses borne by the Company to exceed 15.0% of gross offering proceeds from the sale of shares in the offering. The Advisor, or its affiliates, receives an acquisition fee equal to 2.5% of the cost of each investment the Company acquires, which includes the amount actually paid or allocated to fund the purchase, development, construction or improvement of each investment, including acquisition expenses and any debt attributable to each investment. Acquisition fees of $0 were earned by the Advisor for the three months ended September 30, 2020 and 2019, respectively, and $0 and $124,000 were earned by the Advisor for the nine months ended September 30, 2020 and 2019, respectively, The Advisor, or its affiliates, will receive a debt financing fee equal to 1.0% of the amount available under any loan or line of credit originated or assumed, directly or indirectly, in connection with the acquisition, development, construction, improvement of properties or other permitted investments, which will be in addition to the acquisition fee paid to the Advisor. No debt financing fees were earned by Advisor for the nine months ended September 30, 2020 and 2019. The Company pays the Property Manager, an affiliate of the Advisor, property management fees equal to 3% of the effective gross revenues of the managed property. The Company pays and expects to pay the Property Manager leasing fees in an amount equal to the leasing fees charged by unaffiliated persons rendering comparable services in the same geographic location of the applicable property, provided that such fees will only be paid if a majority of the Company’s board of directors, including a majority of its independent directors, determines that such fees are fair and reasonable in relation to the services being performed. The Property Manager may subcontract the performance of its property management and leasing duties to third parties and the Property Manager will pay a portion of its property management fee to the third parties with whom it subcontracts for these services. The Company will reimburse the costs and expenses incurred by the Property Manager on the Company’s behalf, including the wages and salaries and other employee-related expenses of all employees of the Property Manager or its subcontractors who are engaged in the operation, management, maintenance or access control of our properties, including taxes, insurance and benefits relating to such employees, and travel and other out-of-pocket expenses that are directly related to the management of specific properties. Other charges, including fees and expenses of third-party professionals and consultants, will be reimbursed, subject to the limitations on fees and reimbursements contained in the Company's Articles of Amendment and Restatement (as amended and restated, the "Charter"). If the Property Manager provides construction management services related to the improvement or finishing of tenant space in the Company’s real estate properties, the Company pays the Property Manager a construction management fee in an amount that is usual and customary for comparable services rendered to similar projects in the geographic market of the project; provided, however, that the Company will only pay a construction management fee if a majority of the Company’s board of directors, including a majority of its independent directors, determines that such construction management fee is fair and reasonable and on terms and conditions not less favorable than those available from unaffiliated third parties. The Company pays the Advisor a monthly asset management fee equal to one-twelfth of 0.75% of the higher of (i) the cost or (ii) the value of all real estate investments the Company acquires. If Advisor or affiliate provides a substantial amount of services, as determined by the Company’s independent directors, in connection with the sale of one or more assets, the Company will pay the Advisor a disposition fee equal to (1) in the case of the sale of real property, the lesser of: (A) one-half of the aggregate brokerage commission paid (including the disposition fee) or, if none is paid, the amount that customarily would be paid, or (B) 3% of the sales price of each property sold, and (2) in the case of the sale of any asset other than real property, 3% of the sales price of such asset. The Company will reimburse the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that, commencing four fiscal quarters after the Company’s acquisition of its first asset, the Company will not reimburse the Advisor for any amount by which its operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of: (1) 2% of the Company’s average invested assets (as defined in the Charter), or (2) 25% of the Company’s net income determined without reduction for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company’s assets for that period. Notwithstanding the above, the Company may reimburse the Advisor for expenses in excess of this limitation if a majority of the Company’s independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. On November 1, 2019, the Company received an unsecured promissory note from Hartman Short Term Income Properties XX, Inc., an affiliate of the Advisor and the Property Manager, in the face amount of $10,000,000 with an interest rate of 10% annually. The outstanding balance of the note is $2,789,000 and $4,400,000 as of September 30, 2020 and December 31, 2019, respectively. The maturity date of the note is October 31, 2021. Effective August 4, 2020, the Company transferred the balance due from Hartman Short Term Income Properties XX, Inc. in the amount of $8,200,000 together with additional advances in the amount of $2,412,000 for a total of $10,611,000, to a newly formed taxable REIT subsidiary, Hartman vREIT XXI TRS, Inc. The total amount is represented by two underlying notes from Hartman Retail III Holdings LLC and Hartman Ashford Bayou LLC. Each of the notes receivable bear interest at an annual interest rate of 10%. The maturity date of the notes is December 31, 2021. VIEs are defined as entities with a level of invested equity that is not sufficient to fund future operations on a stand-alone basis, or whose equity holders lack certain characteristics of a controlling financial interest. For identified VIEs, an assessment must be made to determine which party to the VIE, if any, has both the power to direct the activities of the VIE that most significantly impacts the performance of the VIE and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company is not deemed to be the primary beneficiary of Hartman Retail III Holdings LLC or Hartman Ashford Bayou LL, each of which qualifies as a VIE. Accordingly, the assets and liabilities and revenues and expenses of Retail III Holdings and Ashford Bayou have not been included in the accompanying consolidated financial statements. For the three months ended September 30, 2020 and 2019, the Company incurred property management fees and reimbursable costs of $320,000 and $175,000, respectively, payable to the Property Manager and asset management fees of $127,000 and $63,000, respectively, payable to the Advisor. For the nine months ended September 30, 2020 and 2019, the Company incurred property management fees and reimbursable costs of $991,000 and $524,000, respectively, payable to the Property Manager and asset management fees of $415,000 and $188,000, respectively, payable to the Advisor. Property management fees and reimbursable costs paid to the Property Manager are included in property operating expenses in the accompanying consolidated statements of operations. Asset management fees paid to the Advisor are included in asset management fees in the accompanying consolidated statements of operations. The Company pays construction management fees and leasing commissions to the Property Manager in connection with the construction management and leasing of the Company's properties. For the three months ended September 30, 2020 and 2019, the Company incurred construction management fees of $35,000 and $30,000, respectively, and $99,000 and $46,000, respectively, for leasing commissions. For the nine months ended September 30, 2020 and 2019, the Company incurred construction management fees of $119,000 and $71,000, respectively, and $477,000 and $119,000, respectively, for leasing commissions. Construction management fees are capitalized and included in real estate assets in the consolidated balance sheets. Leasing commissions are capitalized and reported net of the amortized amount in the consolidated balance sheets. As of September 30, 2020, the Company had $138,000 due to the Advisor, and $330,000 due from Hartman Short Term Income Properties XX, Inc., $844,000 due to the Property Manager, and $288,000 due from other Hartman affiliates. As of December 31, 2019, the Company had $106,000 due to the Advisor, and $417,000 due from Hartman Short Term Income Properties XX, Inc., $229,000 due from the Property Manager and $10,000 due from other Hartman affiliates.

Loss Per Share

Loss Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share Basic loss per share is computed using net loss attributable to common stockholders and the weighted average number of common shares outstanding. Three months ended September 30, Nine months ended September 30, 2020 2019 2019 2018 Numerator: Net loss attributable to common stockholders (in thousands) $ (740) $ (340) $ (1,759) $ (848) Denominator: Basic weighted average shares outstanding (in thousands) 8,727 6,663 8,657 5,228 Basic loss per common share $ (0.08) $ (0.05) $ (0.20) $ (0.16)

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Under the Charter, the Company has the authority to issue 900,000,000 shares of common stock, $0.01 per share par value, and 50,000,000 shares of preferred stock with a par value of $0.01 per share. The Company’s board of directors is authorized to amend the Charter, without the approval of the Company’s stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue. On May 12, 2020, the board of directors authorized the classification and designation of Class I and Class S common stock. As of September 30, 2020, 900,000,000 shares of capital stock were classified as common stock, par value $0.01 per share, 270,000,000 of which were classified and designated as Class A common stock (“Class A Shares”), 280,000,000 were classified and designated as Class S common stock ("Class S Shares"), 280,000,000 of which were classified as Class I common stock ("Class I Shares"), and 70,000,000 were designated as Class T Common stock (“Class T Shares”). The additional share classes have been included in an amendment to the Company's registration statement and prospectus which was declared effective by the Securities and Exchange Commission on July 27, 2020. Common Stock Shares of all classes of common stock entitle the holders to one vote per share on all matters which stockholders are entitled to vote, to receive dividends and other distributions as authorized by the Company’s board of directors in accordance with the Maryland General Corporation Law and to all rights of a stockholder pursuant to the Maryland General Corporation Law. No classified or designated class of common stock has any preferences or preemptive conversion or exchange rights. On September 30, 2015, the Company sold 22,100 shares of common stock to Hartman Advisors, LLC at a purchase price of $9.05 per share for an aggregate purchase price of $200,005, which was paid in cash. Preferred Stock The board of directors, with the approval of a majority of the entire board of directors and without any action by the stockholders, 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. If the Company were to create and issue preferred stock or convertible stock with a distribution preference over common stock, payment of any distribution preferences of outstanding preferred stock or convertible stock would reduce the amount of funds available for the payment of distributions on our common stock. Further, holders of preferred stock are normally entitled to receive a preference payment in the event we liquidate, dissolve or wind up before any payment is made to our common stockholders, likely reducing the amount common stockholders would otherwise receive upon such an occurrence. In addition, under certain circumstances, the issuance of preferred stock or a separate class or series of common stock may render more difficult or tend to discourage a merger, tender offer or proxy contest, the assumption of control by a holder of a large block of our securities and the removal of incumbent management. As of September 30, 2020, 50,000,000 shares were classified as preferred stock, par value $0.01 per share. Stock-Based Compensation The Company awards vested restricted common shares to non-employee directors as compensation in part for their service as members of the board of directors of the Company. For the three and nine months ended September 30, 2020 and 2019, the Company granted 2,427 and 625 shares and 3,677 and 1,875 shares, respectively, of restricted common stock to independent directors as compensation for services. The Company recognized $25,000 and $6,250 and $39,625 and $18,750 as stock-based compensation expense for the three and nine months ended September 30, 2020 and 2019, respectively. Distributions The following table reflects the total distributions paid in cash and issued in shares of our common stock for the period from January 2017 (the month the Company first paid distributions) through September 30, 2020: Period Cash (1) DRP & Stock (2) Total First Quarter 2017 $ 27,000 $ 19,000 $ 46,000 Second Quarter 2017 62,000 72,000 134,000 Third Quarter 2017 105,000 115,000 220,000 Fourth Quarter 2017 127,000 162,000 289,000 First Quarter 2018 154,000 192,000 346,000 Second Quarter 2018 182,000 245,000 427,000 Third Quarter 2018 215,000 293,000 508,000 Fourth Quarter 2018 237,000 345,000 582,000 First Quarter 2019 305,000 388,000 693,000 Second Quarter 2019 388,000 484,000 872,000 Third Quarter 2019 498,000 646,000 1,144,000 Fourth Quarter 2019 746,000 629,000 1,375,000 First Quarter 2020 771,000 543,000 1,314,000 Second Quarter 2020 790,000 605,000 1,395,000 Third Quarter 2020 798,000 605,000 1,403,000 Total $ 5,405,000 $ 5,343,000 $ 10,748,000 (1) Distributions are paid on a monthly basis. Distributions for all record dates of a given month are paid approximately 20 days following the end of such month. (2) Amount of distributions paid in shares of common stock pursuant to our distribution reinvestment plan and stock dividend distribution.

Incentive Plans

Incentive Plans	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Incentive Plans	Incentive PlansThe Company has adopted a long-term incentive plan (the “Incentive Award Plan”) that provides for the grant of equity awards to employees, directors and consultants and those of the Company’s affiliates. The Incentive Award Plan authorizes the granting of restricted stock, stock options, stock appreciation rights, restricted or deferred stock units, dividend equivalents, other stock-based awards and cash-based awards to directors, officers, employees and consultants of the Company and the Company’s affiliates’ selected by the board of directors for participation in the Incentive Award Plan. Stock options and shares of restricted common stock granted under the Incentive Award Plan will not, in the aggregate, exceed an amount equal to 5.0% of the outstanding shares of the Company’s common stock on the date of grant or award of any such stock options or shares of restricted stock. Stock options may not have an exercise price that is less than the fair market value of a share of the Company’s common stock on the date of grant. Shares of common stock will be authorized and reserved for issuance under the Incentive Award Plan. The Company has adopted an independent directors’ compensation plan (the “Independent Directors Compensation Plan”) pursuant to which each of the Company’s independent directors will be entitled, subject to the plan’s conditions and restrictions, to receive an initial grant of 3,000 shares of restricted stock when the Company raises the minimum offering amount of $1,000,000 in the Offering. Each new independent director that subsequently joins the Company’s board of directors will receive a grant of 3,000 shares of restricted stock upon his or her election to the Company’s board of directors. The shares of restricted common stock granted to independent directors fully vest upon the completion of the annual term for which the director was elected. Subject to certain conditions, the non-vested shares of restricted stock granted pursuant to the Independent Directors Compensation Plan will become fully vested on the earlier to occur of (1) the termination of the independent director’s service as a director due to his or her death or disability, or (2) a change in control of the Company. Awards under the Independent Directors Compensation Plan for the nine months ended September 30, 2020 and 2019, respectively, consisted of 3,677 and 1,875 restricted, Class A common shares to our independent directors, valued at $10.30 and $10.00 per share based on the Offering price. The stock-based compensation expense is included in general and administrative expense in the accompanying consolidated statements of operations.

Special Limited Partnership Int

Special Limited Partnership Interest	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Special Limited Partnership Interest	Special Limited Partnership InterestPursuant to the limited partnership agreement for the OP, SLP LLC, the holder of the Special Limited Partnership Interest, will be entitled to receive distributions equal to 15.0% of the OP’s net sales proceeds from the disposition of assets, but only after the Company’s stockholders have received, in the aggregate, cumulative distributions equal to their total invested capital plus a 6.0% cumulative, non-compounded annual pre-tax return on such aggregated invested capital. In addition, the holder of the Special Limited Partnership Interest is entitled to receive a payment upon the redemption of the Special Limited Partnership Interests. Pursuant to the limited partnership agreement for the OP, the Special Limited Partnership Interests will be redeemed upon: (1) the listing of the Company’s common stock on a national securities exchange; (2) the occurrence of certain events that result in the termination or non-renewal of the Company’s advisory agreement with the Advisor (“Advisory Agreement”) other than by the Company for “cause” (as defined in the Advisory Agreement); or (3) the termination of the Advisory Agreement by the Company for cause. In the event of the listing of the Company’s shares of common stock or a termination of the Advisory Agreement other than by the Company for cause, the Special Limited Partnership Interests will be redeemed for an aggregate amount equal to the amount that the holder of the Special Limited Partnership Interests would have been entitled to receive, as described above, if the OP had disposed of all of its assets at their fair market value and all liabilities of the OP had been satisfied in full according to their terms as of the date of the event triggering the redemption. Payment of the redemption price to the holder of the Special Limited Partnership Interests will be paid, at the holder’s discretion, in the form of (i) limited partnership interests in the OP, (ii) shares of the Company’s common stock, or (iii) a non-interest bearing promissory note. If the event triggering the redemption is a listing of the Company’s shares on a national securities exchange only, the fair market value of the assets of the OP will be calculated taking into account the average share price of the Company’s shares for a specified period. If the event triggering the redemption is an underwritten public offering of the Company’s shares, the fair market value will take into account the valuation of the shares as determined by the initial public offering price in such offering. If the triggering event of the redemption is the termination or non-renewal of the Advisory Agreement other than by the Company for cause for any other reason, the fair market value of the assets of the OP will be calculated based on an appraisal or valuation of the Company’s assets. In the event of the termination or non-renewal of the Advisory Agreement by the Company for cause, all of the Special Limited Partnership Interests will be redeemed by the OP for the aggregate price of $1.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Economic Dependency The Company is dependent on the Sponsor and the Advisor for certain services that are essential to the Company, including the identification, evaluation, negotiation, purchase and disposition of properties, management of the daily operations of the Company’s real estate portfolio, and other general and administrative responsibilities. In the event that these companies are unable to provide the respective services, the Company will be required to obtain such services from other providers. Litigation The Company is subject to various claims and legal actions that arise in the ordinary course of business. Management of the Company believes that the final disposition of such matters will not have a material adverse effect on the financial position of the Company.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that no events have occurred, other than as disclosed herein above, that would require adjustments to our disclosures in these consolidated financial statements. On November 6, 2020, the Boards of the Company and Hartman Short Term Income Properties XX, Inc. have affirmatively voted to merge Hartman Short Term Income Properties XX, Inc. into and with the Company as the surviving company. Previously the Boards had established special committees to consider the potential merger and after deliberation, determined that a merger would be to the benefit of the shareholders of both parties.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2019 are derived from our audited consolidated financial statements as of that date. The unaudited consolidated financial statements as of September 30, 2020 , have been prepared by the Company in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission, including Form 10-Q and Regulation S-X, on a basis consistent with the annual audited consolidated financial statements. The unaudited consolidated financial statements presented herein reflect all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position of the Company as of September 30, 2020, and the results of its consolidated operations for the three and nine months ended September 30, 2020 and 2019, the consolidated statements of stockholders’ equity for the three and nine months ended September 30, 2020 and 2019 and the consolidated statements of cash flows for the nine months ended September 30, 2020 and 2019. The results for the nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020. The consolidated financial statements herein are condensed and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Amendment No. 2 to the Annual Report on Form 10-K/A for the year ended December 31, 2019. The Company’s consolidated financial statements include the Company’s accounts and the accounts of its subsidiaries over which the Company has control. All intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent 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.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. Cash and cash equivalents as of September 30, 2020 and December 31, 2019 consisted of demand deposits at commercial banks.
Restricted Cash	Restricted Cash Restricted cash on the accompanying consolidated balance sheets consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service, as required by certain of our mortgage debt agreements.
Financial Instruments	Financial Instruments The accompanying consolidated balance sheets include the following financial instruments: cash and cash equivalents, restricted cash, notes receivable, accrued rent and accounts receivable, accounts payable and accrued expenses, notes payable, net and balances with related parties. The Company considers the carrying value, other than notes payable, net, to approximate the fair value of these financial instruments based on the short duration between origination of the instruments and their expected realization. Based on borrowing rates currently available to the Company for loans with similar terms, the carrying value of its notes payable approximates fair value.
Revenue Recognition	Revenue Recognition The Company’s leases are accounted for as operating leases. Certain leases provide for tenant occupancy during periods for which no rent is due and/or for increases or decreases in the minimum lease payments over the terms of the leases. Revenue is recognized on a straight-line basis over the terms of the individual leases. Revenue recognition under a lease begins when the tenant takes possession of or controls the physical use of the leased space. When the Company acquires a property, the term of existing leases is considered to commence as of the acquisition date for the purposes of this calculation. The Company’s accrued rents are included in accrued rent and accounts receivable, net, on the accompanying consolidated balance sheets. The Company will defer the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Additionally, cost recoveries from tenants are included in the Tenant Reimbursement and Other Revenues line item in the consolidated statements of operations in the period the related costs are incurred.
Investment in Unconsolidated Entity	Investment in Unconsolidated Entities The Company's investments in Hartman SPE, LLC and Hartman Short Term Income Properties XX, Inc. are stated at cost and accounted for under the cost method.
Real Estate	Allocation of Purchase Price of Acquired Assets Acquisitions of integrated assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. The Company believes most of its future acquisitions of operating properties will qualify as asset acquisitions.Third party transaction costs, including acquisition fees paid to Advisor, associated with asset acquisitions will be capitalized while internal acquisition costs will continue to be expensed as incurred. Upon acquisition, the purchase price of properties is allocated to the tangible assets acquired, consisting of land, buildings and improvements, any assumed debt and asset retirement obligations, if any, based on their relative fair values. Acquisition costs, including acquisition fees paid to our advisor, are capitalized as part of the purchase price. Land and building and improvement fair values are derived based upon the Company’s estimate of fair value after giving effect to estimated replacement cost less depreciation or estimates of the relative fair value of these assets using discounted cash flow analysis or similar methods. The fair values of above-market and below-market in-place lease values, including below-market renewal options for which renewal has been determined to be reasonably assured, are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) an estimate of fair market lease rates for the corresponding in-place leases and below-market renewal options, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease. The above-market and below-market lease and renewal option values are capitalized as intangible lease assets or liabilities and amortized as an adjustment of rental income over the remaining expected terms of the respective leases. The fair values of in-place leases include direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated based on independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are included in intangible lease assets and are amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. Customer relationships are valued based on expected renewal of a lease or the likelihood of obtaining a particular tenant for other locations. These intangibles are included in real estate assets in the consolidated balance sheets and are being amortized to expense over the remaining term of the respective leases. The Company determines the fair value of any assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that the Company believes it could obtain at the date of acquisition. Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan as interest expense. In allocating the purchase price of each of the Company’s properties, the Company makes assumptions and uses various estimates, including, but not limited to, the estimated useful lives of the assets, the cost of replacing certain assets and discount rates used to determine present values. The Company uses Level 3 inputs to to estimate fair value of the acquired properties. Many of these estimates are obtained from independent third-party appraisals. However, the Company is responsible for the source and use of these estimates. These estimates require judgment and are subject to being imprecise; accordingly, if different estimates and assumptions were derived, the valuation of the various categories of the Company’s properties or related intangibles could in turn result in a difference in the depreciation or amortization expense recorded in the Company’s consolidated financial statements. These variances could be material to the Company’s results of operations and financial condition. Depreciation and amortization Depreciation is computed using the straight-line method over the estimated useful lives of 5 to 39 years for buildings and improvements. Tenant improvements are depreciated using the straight-line method over the lesser of the life of the improvement or the remaining term of the lease. In-place leases are amortized using the straight-line method over the weighted average years’ remaining calculated on terms of all of the leases in-place when acquired. Impairment
Accrued Rent and Accounts Receivable	Accrued Rent and Accounts Receivable Accrued rent and accounts receivable include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. An allowance for the uncollectible portion of accrued rent and accounts receivable is determined based upon customer credit-worthiness (including expected recovery of our claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends.
Prepaid expenses and other assets	Prepaid expenses and other assetsPrepaid expenses and other assets include prepaid insurance, subscription receivable and miscellaneous other assets and prepayments.
Organization and Offering Costs	Organization and Offering Costs As of September 30, 2020, total organization and offering costs incurred for the Offering amounted to $1,503,000. The total organizational and offering costs incurred by the Company (including selling commissions, dealer manager fees and all other underwriting compensation) will not exceed 15% of the aggregate gross proceeds from the sale of the shares of common stock sold in the Offering. Organization costs, when recorded by the Company, are expensed as incurred, and offering costs, which include selling commissions, dealer manager fees and all other underwriting compensation, are deferred and charged to stockholders’ equity as such amounts are reimbursed or paid by the Advisor, the dealer manager or their affiliates from gross offering proceeds.
Income Taxes	Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code, commencing in the taxable year ended December 31, 2017. If the Company qualifies for taxation as a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes its REIT taxable income to its stockholders, so long as it distributes at least 90 percent of its REIT taxable income (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP).REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies 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. Prior to qualifying to be taxed as a REIT, the Company is subject to normal federal and state corporation income taxes. For the three months ended September 30, 2020 and 2019, the Company had net loss of $740,000 and $340,000, respectively. For the nine months ended September 30, 2020 and 2019, the Company incurred a net loss of $1,759,000 and $848,000, respectively. The Company formed a taxable REIT subsidiary which may generate future taxable income which may offset by the net loss carry forward. The Company considers that any deferred tax benefit and corresponding deferred tax asset which may be recorded in light of the net loss carry forward would be properly offset by an equal valuation allowance. Accordingly, no deferred tax benefit or deferred tax asset has been recorded in the consolidated financial statements. The Company is required to recognize in its consolidated financial statements the financial effects of a tax position only if it is determined that it is more likely than not that the tax position will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management has reviewed the Company’s tax positions and is of the opinion that material positions taken by the Company would more likely than not be sustained upon examination. Accordingly, the Company has not recognized a liability related to uncertain tax positions as of September 30, 2020 and December 31, 2019, respectively.
Loss Per Share	Loss Per Share The computations of loss per common share are based upon the weighted average number of common shares outstanding and potentially dilutive securities. The Company’s potentially dilutive securities include special limited partnership interests – see Note 12. For the three and nine months ended September 30, 2020 and 2019, there were no shares issuable in connection with these potentially dilutive securities. These potentially dilutive securities were excluded from the computations of diluted net loss per share for the three and nine months ended September 30, 2020 and 2019.
Concentration of Risk	Concentration of Risk The Company maintains cash accounts in one U.S. financial institution. The terms of the Company’s deposits are on demand to minimize risk. The balances of the Company’s depository accounts may exceed the federally insured limit. No losses have been incurred in connection with these deposits. The geographic concentration of the Company’s real estate assets makes it susceptible to adverse economic developments in the State of Texas. Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, relocations of businesses, increased competition or any other changes, could adversely affect the Company’s operating results and its ability to make distributions to stockholders. Major tenants are defined as those tenants which individually comprise more than 10% of the Company’s total rental revenues. One tenant of the Spectrum Building represents more than 10% of total annualized rental revenue for the nine months ended September 30, 2020 and 2019, respectively.
Recent Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The updated guidance requires measurement and recognition of expected credit losses for financial assets, including trade and other receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This is different from the current guidance as this will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets. Generally, the pronouncement requires a modified retrospective method of adoption. This guidance is effective for fiscal years and interim periods within those years beginning after January 2023, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements when adopted.

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Schedule of Real Estate Assets	The Company’s real estate assets consisted of the following, in thousands: September 30, 2020 December 31, 2019 Land $ 16,816 $ 16,816 Buildings and improvements 55,360 52,880 In-place lease value intangible 7,477 7,477 79,653 77,173 Less accumulated depreciation and amortization (9,299) (4,691) Total real estate assets $ 70,354 $ 72,482 As reported Revised Land $ 1,267 $ 2,631 Buildings and improvements 12,471 12,862 In-place lease intangible 3,213 1,458 Total $ 16,951 $ 16,951
Schedule of In-Place Lease Intangible Assets and Accumulated Amortization	The amount of total in-place lease intangible asset and the respective accumulated amortization are as follows, in thousands: September 30, 2020 December 31, 2019 In-place lease value intangible $ 7,477 $ 7,477 In-place leases – accumulated amortization (4,378) (2,443) Acquired in-place lease intangible assets, net $ 3,099 $ 5,034
Schedule of Error Corrections and Prior Period Adjustments	Quarterly Period ended Year ended March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2018 As reported Revised As reported Revised As reported Revised As reported Revised Land $ 5,163 $ 6,528 $ 5,163 $ 6,528 $ 5,163 $ 6,528 $ 4,289 $ 5,653 Building and improvements 23,174 23,565 23,844 24,236 24,437 24,828 20,181 20,573 In-place lease value intangible 5,899 4,143 5,899 4,143 5,899 4,143 5,204 3,449 34,236 34,236 34,906 34,907 35,499 35,499 29,674 29,675 Less accumulated amortization (2,046) (1,846) (2,963) (2,563) (3,847) (3,247) (1,209) (1,209) Total real estate assets, net $ 32,190 $ 32,390 $ 31,943 $ 32,344 $ 31,652 $ 32,252 $ 28,465 $ 28,466 Depreciation and amortization expense and net loss for the quarterly periods ended March 31, 2019, June 30, 2019 and September 30, 2019, would have been presented as follows if the correction had been recorded in such quarterly period (in thousands): Quarterly Period ended March 31, 2019 June 30, 2019 September 30, 2019 As reported Revised As reported Revised As reported Revised Depreciation and amortization $ 836 $ 636 $ 917 $ 717 $ 884 $ 684 Net loss $ (461) $ (261) $ (447) $ (247) $ (540) $ (340) Three months ended March 31, 2019 Six months ended June 30, 2019 Nine months ended September 30, 2019 As reported Revised As reported Revised As reported Revised Depreciation and amortization $ 836 $ 636 $ 1,753 $ 1,353 $ 2,637 $ 2,037 Net loss $ (461) $ (261) $ (908) $ (508) $ (1,448) $ (848)

Accrued Rent and Accounts Rec_2

Accrued Rent and Accounts Receivable, net (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Accrued Rent and Accounts Receivable, Net	Accrued rent and accounts receivable, net, consisted of the following, in thousands: September 30, 2020 December 31, 2019 Tenant receivables $ 780 $ 714 Accrued rent 678 322 Allowance for uncollectible accounts (141) (72) Accrued rents and accounts receivable, net $ 1,317 $ 964

Future Minimum Rents (Tables)

Future Minimum Rents (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Future Rentals to be Received	A summary of future rentals to be received (exclusive of renewals, tenant reimbursements, and contingent rentals) under noncancellable operating leases in existence at September 30, 2020 is as follows, in thousands: September 30, Minimum Future Rents 2021 $ 10,931 2022 7,703 2023 5,980 2024 4,262 2025 2,069 Thereafter 920 Total $ 31,865

Notes Payable, net (Tables)

Notes Payable, net (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of Notes Payable	The following table summarizes the Company's outstanding notes payable, net in thousands: Property/Facility Current Maturity Rate (1) September 30, 2020 December 31, 2019 Richardson Tech Center (2) March 2021 L + 275bps $ 2,520 $ 2,520 Master Credit Facility Agreement - EWB (3) December 2021 P - 50bps 20,000 16,000 Master Credit Facility Agreement - EWB (4) March 2023 P - 50bps 10,925 — 33,445 18,520 Less unamortized loan costs (268) (203) $ 33,177 $ 18,317 (1) One-month LIBOR ("L"); Prime ("P") (2) Payable in monthly installments of interest only until the maturity date. The interest rate as of September 30, 2020 was 2.90%. (3) The Company is a party to a $20 million master credit facility agreement ("MCFA") with East West Bank. The borrowing base of the MCFA may be adjusted from time to time subject to the lender’s underwriting with respect to real property collateral which secure the amount available to be borrowed. As of September 30, 2020 the MCFA is secured by the Spectrum Building and the 11211 Katy Freeway Building, the 1400 Broadfield Building, the 16420 Park Ten Building and the 7915 FM 1960 Building. The interest rate as of September 30, 2020 was 3.25%. The outstanding balance under the MCFA was $20,000,000 as of September 30, 2020 and the amount available to be borrowed was $0. (4) On March 10, 2020, the Company entered into a second $20 million master credit facility agreement ("MCFA II") with East West Bank. The Village Pointe and Accesso Portfolio properties are collateral security for the credit facility. The initial loan availability under the credit agreement is $13,925,000. The credit agreement matures on March 9, 2023. The interest rate as of September 30, 2020 was 3.25%. After the initial interest period, the interest rate resets to Prime minus 50 basis points. The outstanding balance under the MCFA II was $10,925,000 as of September 30, 2020 and the amount available to be borrowed was $3,000,000.

Loss Per Share (Tables)

Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Basic Earnings (Loss) Per Share	Basic loss per share is computed using net loss attributable to common stockholders and the weighted average number of common shares outstanding. Three months ended September 30, Nine months ended September 30, 2020 2019 2019 2018 Numerator: Net loss attributable to common stockholders (in thousands) $ (740) $ (340) $ (1,759) $ (848) Denominator: Basic weighted average shares outstanding (in thousands) 8,727 6,663 8,657 5,228 Basic loss per common share $ (0.08) $ (0.05) $ (0.20) $ (0.16)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of Distributions Paid in Cash and Issued in Shares of Common Stock	The following table reflects the total distributions paid in cash and issued in shares of our common stock for the period from January 2017 (the month the Company first paid distributions) through September 30, 2020: Period Cash (1) DRP & Stock (2) Total First Quarter 2017 $ 27,000 $ 19,000 $ 46,000 Second Quarter 2017 62,000 72,000 134,000 Third Quarter 2017 105,000 115,000 220,000 Fourth Quarter 2017 127,000 162,000 289,000 First Quarter 2018 154,000 192,000 346,000 Second Quarter 2018 182,000 245,000 427,000 Third Quarter 2018 215,000 293,000 508,000 Fourth Quarter 2018 237,000 345,000 582,000 First Quarter 2019 305,000 388,000 693,000 Second Quarter 2019 388,000 484,000 872,000 Third Quarter 2019 498,000 646,000 1,144,000 Fourth Quarter 2019 746,000 629,000 1,375,000 First Quarter 2020 771,000 543,000 1,314,000 Second Quarter 2020 790,000 605,000 1,395,000 Third Quarter 2020 798,000 605,000 1,403,000 Total $ 5,405,000 $ 5,343,000 $ 10,748,000 (1) Distributions are paid on a monthly basis. Distributions for all record dates of a given month are paid approximately 20 days following the end of such month. (2) Amount of distributions paid in shares of common stock pursuant to our distribution reinvestment plan and stock dividend distribution.

Organization and Business (Deta

Organization and Business (Details) - USD ($)	Jan. 14, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jul. 27, 2020	May 18, 2020	Dec. 31, 2019	Sep. 07, 2019	Sep. 30, 2015
Class of Stock [Line Items]
Offering to the public		$ 250,000,000		$ 250,000,000
Shares of common stock authorized (in shares)		900,000,000		900,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Special limited partnership interests		$ 1,000		$ 1,000				$ 1,000
Gross proceeds				1,034,000	$ 42,095,000
IPO
Class of Stock [Line Items]
Offering to the public pursuant to the distribution reinvestment plan				$ 19,000,000
Follow-On Offering
Class of Stock [Line Items]
Offering to the public pursuant to the distribution reinvestment plan	$ 5,000,000
Offering to public for common share	$ 180,000,000
Class A
Class of Stock [Line Items]
Shares of common stock authorized (in shares)		270,000,000		270,000,000				270,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01				$ 0.01
Class T
Class of Stock [Line Items]
Shares of common stock authorized (in shares)		70,000,000		70,000,000				70,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01				$ 0.01
Class S
Class of Stock [Line Items]
Shares of common stock authorized (in shares)		280,000,000		280,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Class I
Class of Stock [Line Items]
Shares of common stock authorized (in shares)		280,000,000		280,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Class A and Class T
Class of Stock [Line Items]
Gross proceeds				$ 86,349,041
Common Stock
Class of Stock [Line Items]
Offering price per share (in dollars per share)										$ 9.05
Price per share of common stock pursuant to the distribution reinvestment plan (in dollars per share)						$ 10.30
Issuance of common shares (in shares)		65,000	2,307,000	255,000	4,431,000
Common Stock | Class A
Class of Stock [Line Items]
Offering price per share (in dollars per share)						11.44
Common Stock | Class A | IPO
Class of Stock [Line Items]
Offering price per share (in dollars per share)							$ 11.44		$ 13
Price per share of common stock pursuant to the distribution reinvestment plan (in dollars per share)							10.30		11.70
Common Stock | Class T
Class of Stock [Line Items]
Offering price per share (in dollars per share)						10.95
Common Stock | Class T | IPO
Class of Stock [Line Items]
Offering price per share (in dollars per share)							$ 10.95		12.48
Price per share of common stock pursuant to the distribution reinvestment plan (in dollars per share)									$ 11.23
Common Stock | Class S
Class of Stock [Line Items]
Offering price per share (in dollars per share)						10.67
Common Stock | Class I
Class of Stock [Line Items]
Offering price per share (in dollars per share)						$ 10.30
Common Stock | Class A and Class T
Class of Stock [Line Items]
Issuance of common shares (in shares)				8,754,173
Stock issued during period, distribution reinvestment plan (in shares)				547,267

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended				6 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)financial_institutionshares	Sep. 30, 2019USD ($)shares	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2020USD ($)financial_institutionshares	Sep. 30, 2019USD ($)shares	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Impairment of real estate assets						$ 0
Prepaid expenses and other assets	$ 298,000					298,000		$ 573,000
Acquisition deposit	2,019,000					2,019,000		1,850,000
Organization and offering costs incurred						1,503,000
Organization and offering costs	39,000	$ 125,000				116,000	$ 183,000
Net income (loss)	(740,000)	(340,000)	$ (247,000)	$ (261,000)	$ (508,000)	(1,759,000)	(848,000)
Deferred tax benefit	0	$ 0				0	$ 0
Deferred tax asset	$ 0					$ 0		$ 0
Potentially dilutive securities excluded from computation of diluted net loss per share (in shares) | shares	0	0				0	0
Number of financial institutions | financial_institution	1					1
Loss on deposits	$ 0					$ 0
Organization And Offering Costs | Proceeds From Sale Of Common Stock
Schedule of Equity Method Investments [Line Items]
Percentage of total annualized rental revenue						15.00%
Customer Concentration Risk | Rental revenue | Spectrum Tenant [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of total annualized rental revenue						10.00%	10.00%
Minimum
Schedule of Equity Method Investments [Line Items]
Estimated useful life						5 years
Maximum
Schedule of Equity Method Investments [Line Items]
Estimated useful life						39 years

Real Estate - Real Estate Asset

Real Estate - Real Estate Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Land	$ 16,816	$ 16,816	$ 6,528	$ 6,528	$ 6,528	$ 5,653
Buildings and improvements	55,360	52,880	24,828	24,236	23,565	20,573
In-place lease value intangible	7,477	7,477	4,143	4,143	4,143	3,449
Real estate assets, gross	79,653	77,173	35,499	34,907	34,236	29,675
Less accumulated depreciation and amortization	(9,299)	(4,691)	(3,247)	(2,563)	(1,846)	(1,209)
Real estate assets, net	$ 70,354	$ 72,482	$ 32,252	$ 32,344	$ 32,390	$ 28,466

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Real Estate [Line Items]
Depreciation expense	$ 889,000	$ 260,000	$ 2,673,000	$ 786,000
Amortization expense	660,000	424,000	1,935,000	1,251,000
Asset management fees incurred	127,000	63,000	415,000	188,000
Acquisition Fees
Real Estate [Line Items]
Acquisition fees	$ 0	$ 0	$ 0	$ 124,000

Real Estate - In-Place Lease In

Real Estate - In-Place Lease Intangible Assets and Accumulated Amortization (Details) - In-Place Leases - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
In-place lease value intangible	$ 7,477	$ 7,477
In-place leases – accumulated amortization	(4,378)	(2,443)
Acquired in-place lease intangible assets, net	$ 3,099	$ 5,034

Real Estate - Schedule of Resta

Real Estate - Schedule of Restated Amounts (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Real Estate [Line Items]
Land	$ 16,816	$ 16,816	$ 6,528	$ 6,528	$ 6,528	$ 5,653
Buildings and improvements	55,360	52,880	24,828	24,236	23,565	20,573
In-place lease value intangible	7,477	7,477	4,143	4,143	4,143	3,449
Real estate assets, gross	79,653	77,173	35,499	34,907	34,236	29,675
Accumulated depreciation and amortization	(9,299)	(4,691)	(3,247)	(2,563)	(1,846)	(1,209)
Real estate assets, net	$ 70,354	$ 72,482	32,252	32,344	32,390	28,466
Spectrum Building
Real Estate [Line Items]
Land						2,631
Buildings and improvements						12,862
In-place lease value intangible						1,458
Real estate assets, gross						16,951
Previously Reported
Real Estate [Line Items]
Land			5,163	5,163	5,163	4,289
Buildings and improvements			24,437	23,844	23,174	20,181
In-place lease value intangible			5,899	5,899	5,899	5,204
Real estate assets, gross			35,499	34,906	34,236	29,674
Accumulated depreciation and amortization			(3,847)	(2,963)	(2,046)	(1,209)
Real estate assets, net			$ 31,652	$ 31,943	$ 32,190	28,465
Previously Reported | Spectrum Building
Real Estate [Line Items]
Land						1,267
Buildings and improvements						12,471
In-place lease value intangible						3,213
Real estate assets, gross						$ 16,951

Real Estate - Schedule of Res_2

Real Estate - Schedule of Restated Quarterly Income and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Real Estate [Line Items]
Depreciation and amortization	$ 1,549	$ 684	$ 717	$ 636	$ 1,353	$ 4,608	$ 2,037
Net income (loss)	$ (740)	(340)	(247)	(261)	(508)	$ (1,759)	(848)
Previously Reported
Real Estate [Line Items]
Depreciation and amortization		884	917	836	1,753		2,637
Net income (loss)		$ (540)	$ (447)	$ (461)	$ (908)		$ (1,448)

Investment in unconsolidated _2

Investment in unconsolidated entities - Narrative (Details) - USD ($)	Jul. 01, 2020	Mar. 01, 2019	Feb. 28, 2019	Sep. 30, 2015	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	May 13, 2020	Apr. 14, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of stock							$ 3,709,703
Investment in unconsolidated entities					$ 11,736,000		$ 11,736,000				$ 8,027,000
Common Stock
Schedule of Equity Method Investments [Line Items]
Price per share of common stock sold (in dollars per share)				$ 9.05
Number of shares sold (in shares)				22,100
Hartman SPE, LLC | Common Stock
Schedule of Equity Method Investments [Line Items]
Number of shares received in exchange for ownership interest (in shares)		700,302
Hartman SPE, LLC | Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership percentage disposed of		3.42%
Ownership percentage		2.47%	5.89%
Hartman Income REIT Management Inc
Schedule of Equity Method Investments [Line Items]
Number of shares sold (in shares)							661,940
Hartman Income REIT Management Inc | Common Stock
Schedule of Equity Method Investments [Line Items]
Number of shares authorized for purchase (in shares)									500,000	500,000
Price per share of common stock sold (in dollars per share)									$ 5	$ 4
Hartman Income REIT Management Inc | Common Stock | Hartman Short Term Income Properties XX Inc
Schedule of Equity Method Investments [Line Items]
Number of shares converted (in shares)	497,926
Hartman Income REIT Operating Partnership
Schedule of Equity Method Investments [Line Items]
Number of shares sold (in shares)							80,000
Hartman Income REIT Operating Partnership | Common Stock | Hartman Short Term Income Properties XX Inc
Schedule of Equity Method Investments [Line Items]
Number of shares converted (in shares)	60,178
Affiliated Entity | Hartman SPE, LLC | Dividend Distributions
Schedule of Equity Method Investments [Line Items]
Distributions received from related parties							$ 0	$ 0
Affiliated Entity | Hartman Short Term Income Properties XX Inc | Dividend Distributions
Schedule of Equity Method Investments [Line Items]
Distributions received from related parties					$ 106,000	$ 123,000	$ 352,000	$ 245,000

Accrued Rent and Accounts Rec_3

Accrued Rent and Accounts Receivable, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Receivables [Abstract]
Tenant receivables	$ 780		$ 780		$ 714
Accrued rent	678		678		322
Allowance for uncollectible accounts	(141)		(141)		(72)
Accrued rents and accounts receivable, net	1,317		1,317		$ 964
Provision (recovery) of doubtful accounts	$ (6)	$ (27)	$ 69	$ (39)

Future Minimum Rents (Details)

Future Minimum Rents (Details) $ in Thousands	Sep. 30, 2020USD ($)
June 30,
2021	$ 10,931
2022	7,703
2023	5,980
2024	4,262
2025	2,069
Thereafter	920
Total	$ 31,865

Notes Payable, net - Notes Paya

Notes Payable, net - Notes Payable (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Principal balance, gross	$ 33,445,000	$ 18,520,000
Less unamortized loan costs	(268,000)	(203,000)
Principal balance, net	$ 33,177,000	18,317,000
Mortgages
Debt Instrument [Line Items]
Interest rate on debt	2.90%
Village Pointe | Mortgages
Debt Instrument [Line Items]
Principal balance, gross	$ 2,520,000	2,520,000
Village Pointe | Mortgages | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	(2.75%)
Master Credit Facility Agreement - EWB | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 20,000,000
Interest rate	3.25%
Line of credit facility, remaining borrowing capacity	$ 0
Master Credit Facility Agreement - EWB | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Principal balance, gross	$ 20,000,000	16,000,000
Master Credit Facility Agreement - EWB | Line of Credit | Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Master Credit Facility Agreement - EWB II | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 20,000,000
Line of credit facility, remaining borrowing capacity	3,000,000
Master Credit Facility Agreement - EWB II | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Principal balance, gross	10,925,000	$ 0
Amount outstanding under line of credit	$ 13,925,000
Stated interest rate	3.25%
Master Credit Facility Agreement - EWB II | Line of Credit | Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%

Notes Payable, net - Narrative

Notes Payable, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Disclosure [Abstract]
Interest expense	$ 204	$ 103	$ 688	$ 406
Deferred loan cost amortization	42	$ 26	127	$ 77
Unamortized deferred loan costs	268		268		$ 203
Interest payable	$ 43		$ 43		$ 61

Related Party Arrangements (Det

Related Party Arrangements (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Aug. 04, 2020USD ($)loan_outstanding	Dec. 31, 2019USD ($)	Nov. 01, 2019USD ($)
Related Party Transaction [Line Items]
Special limited partnership interests	$ 1,000		$ 1,000			$ 1,000
Acquisition fee, percent			2.50%
Note receivable interest rate					10.00%
Number of notes receivable | loan_outstanding					2
Due to related parties	(364,000)		$ (364,000)			0
Due from related parties	0		0			550,000
Acquisition Fees
Related Party Transaction [Line Items]
Acquisition fees	0	$ 0	0	$ 124,000
Affiliated Entity
Related Party Transaction [Line Items]
Due from related parties	288,000		$ 288,000			10,000
Affiliated Entity | Asset Management Fees Payable
Related Party Transaction [Line Items]
Monthly fees			0.0625%
Hartman Advisors LLC (Advisor) | Subsidiaries
Related Party Transaction [Line Items]
Maximum reimbursement as a percent of offering proceeds			15.00%
Advisor disposition fees			0.50%
Reimbursable advisor expense, percent of average invested assets			2.00%
Reimbursable advisor expense, percent of net income not to exceed operating expenses			25.00%
Hartman Advisors LLC (Advisor) | Subsidiaries | Debt Financing Fee
Related Party Transaction [Line Items]
Debt financing fee			1.00%
Revenue from related parties			$ 0	0
Hartman Advisors LLC (Advisor) | Subsidiaries | Sale Of Property
Related Party Transaction [Line Items]
Advisor fee, percent of sales price			3.00%
Hartman Advisors LLC (Advisor) | Subsidiaries | Sale Of Any Asset Other Than Real Property
Related Party Transaction [Line Items]
Advisor fee, percent of sales price			3.00%
Hartman Short Term Income Properties XX Inc | Affiliated Entity
Related Party Transaction [Line Items]
Due from related parties	330,000		$ 330,000			417,000
Hartman Advisors LLC (Advisor) | Affiliated Entity
Related Party Transaction [Line Items]
Due to related parties	(138,000)		(138,000)			(106,000)
Hartman Advisors LLC (Advisor) | Affiliated Entity | Property Management Fee
Related Party Transaction [Line Items]
Asset management fees	127,000	63,000	415,000	188,000
Property Manager | Affiliated Entity
Related Party Transaction [Line Items]
Due to related parties	(844,000)		$ (844,000)
Due from related parties						229,000
Property Manager | Affiliated Entity | Property Management Fee
Related Party Transaction [Line Items]
Property management fees as a percentage of effective gross revenues of managed property			3.00%
Property managements fees and reimbursable costs	320,000	175,000	$ 991,000	524,000
Property Manager | Affiliated Entity | Construction Management Fee
Related Party Transaction [Line Items]
Construction management fees and leasing commissions	35,000	30,000	119,000	71,000
Property Manager | Affiliated Entity | Leasing Commissions
Related Party Transaction [Line Items]
Construction management fees and leasing commissions	99,000	$ 46,000	477,000	$ 119,000
Hartman Short Term Income Properties XX Inc
Related Party Transaction [Line Items]
Intercompany note receivable							$ 10,000,000
Note receivable interest rate							10.00%
Intercompany note receivable outstanding	$ 2,789,000		$ 2,789,000		$ 8,200,000	$ 4,400,000
Advances on intercompany note receivable					2,412,000
Intercompany note receivable and advances					$ 10,611,000

Loss Per Share (Details)

Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) attributable to common stockholders	$ (740)	$ (340)	$ (247)	$ (261)	$ (508)	$ (1,759)	$ (848)
Denominator:
Basic weighted average shares outstanding (in shares)	8,727	6,663				8,657	5,228
Basic loss per common share (in dollars per share)	$ (80)	$ (50)				$ (200)	$ (160)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)shares	Sep. 30, 2020USD ($)vote$ / sharesshares	Sep. 30, 2019USD ($)shares	Jul. 27, 2020$ / shares	Dec. 31, 2019$ / sharesshares
Class of Stock [Line Items]
Shares of common stock authorized (in shares) | shares		900,000,000		900,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Common stock, voting rights, number of votes | vote				1
Shares of preferred stock authorized (in shares) | shares		50,000,000		50,000,000			50,000,000
Par value of preferred stock (in dollars per share)		$ 0.01		$ 0.01			$ 0.01
Stock based compensation expense | $		$ 25,000	$ 39,625	$ 6,250	$ 18,750
Common Stock
Class of Stock [Line Items]
Number of shares sold (in shares) | shares	22,100
Price per share of common stock sold (in dollars per share)	$ 9.05
Issuance of common shares | $	$ 200,005
Common Stock | Restricted Shares
Class of Stock [Line Items]
Shares of restricted stock granted as compensation for services (in shares) | shares		2,427	625	3,677	1,875
Class A
Class of Stock [Line Items]
Shares of common stock authorized (in shares) | shares		270,000,000		270,000,000			270,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01			$ 0.01
Class A | Common Stock
Class of Stock [Line Items]
Price per share of common stock sold (in dollars per share)						$ 11.44
Class T
Class of Stock [Line Items]
Shares of common stock authorized (in shares) | shares		70,000,000		70,000,000			70,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01			$ 0.01
Class T | Common Stock
Class of Stock [Line Items]
Price per share of common stock sold (in dollars per share)						10.95
Class S
Class of Stock [Line Items]
Shares of common stock authorized (in shares) | shares		280,000,000		280,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Class S | Common Stock
Class of Stock [Line Items]
Price per share of common stock sold (in dollars per share)						10.67
Class I
Class of Stock [Line Items]
Shares of common stock authorized (in shares) | shares		280,000,000		280,000,000
Par value of common stock (in dollars per share)		$ 0.01		$ 0.01
Class I | Common Stock
Class of Stock [Line Items]
Price per share of common stock sold (in dollars per share)						$ 10.30

Stockholders' Equity - Distribu

Stockholders' Equity - Distributions (Details) - USD ($) $ in Thousands	3 Months Ended															9 Months Ended	45 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2020	Sep. 30, 2020
Dividends Payable [Line Items]
Dividends	$ 1,403	$ 1,395	$ 1,314	$ 1,375	$ 1,144	$ 872	$ 693	$ 582	$ 508	$ 427	$ 346	$ 289	$ 220	$ 134	$ 46		$ 10,748
Term before dividend payment is received																20 days
Cash
Dividends Payable [Line Items]
Dividends	798	790	771	746	498	388	305	237	215	182	154	127	105	62	27		5,405
DRP & Stock
Dividends Payable [Line Items]
Dividends	$ 605	$ 605	$ 543	$ 629	$ 646	$ 484	$ 388	$ 345	$ 293	$ 245	$ 192	$ 162	$ 115	$ 72	$ 19		$ 5,343

Incentive Plans (Details)

Incentive Plans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restricted Shares | Class A and Class T Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock granted as compensation for services (in shares)	2,427	625	3,677	1,875
Price per share issued (usd per share)	$ 10.30	$ 10	$ 10.30	$ 10
Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of shares issued under plan as a percent of outstanding shares of common stock (up to)			5.00%
Independent Directors Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial grant upon election, shares per individual			3,000
Offering amount required for issuance of initial grant			$ 1,000,000

Special Limited Partnership I_2

Special Limited Partnership Interest (Details)	9 Months Ended
	Sep. 30, 2020USD ($)
Equity [Abstract]
Distribution amount as a percent of net sales proceeds from the dispositions of assets	15.00%
Cumulative non-compounded pre-tax return rate on aggregated invested capital	6.00%
Aggregate redemption price	$ 1