10-Q Filing

MACKENZIE REALTY CAPITAL, INC. CIK: 1550913 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-041454`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	brhc10044019_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 44 Cash Flow Statement 90 Stockholders Equity 23

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Land	`Land`	$32.12M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Land	`Land`	$33.08M	USD	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$81.48M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.25M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.25M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$64.18M	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$4.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.25M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.25M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$2.89M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.77M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$2.68M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$116.08M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$97.42M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.04M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	119,416.91	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	321,624.94	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	321,624.94	shares	Point-in-time
Restricted cash	`RestrictedCash`	$837.14K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	119,416.91	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.09M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$16.62M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$19.75M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$39.11M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$37.85M	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$390.30K	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.50M	USD	Point-in-time
Investment acquisition advance	`InvestmentAcquisitionAdvance`	$369.00K	USD	Point-in-time
Investment acquisition advance	`InvestmentAcquisitionAdvance`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$67.62K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$669.02K	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$17.49M	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$17.56M	USD	Point-in-time
Total assets	`Assets`	$202.41M	USD	Point-in-time
Total assets	`Assets`	$182.56M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$80.29M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$68.37M	USD	Point-in-time
Notes payable	`NotesPayable`	$1.35M	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$672.73K	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$443.01K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.60M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.94M	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$348.05K	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$386.38K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$1.06M	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$1.29M	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$214.09K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$138.46K	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$2.71M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$1.86M	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$85.00K	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$235.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	$744.99K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	$1.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$78.34M	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,254,809.10 and 13,253,571.98 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively.	`CommonStockValue`	$1.32K	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,254,809.10 and 13,253,571.98 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively.	`CommonStockValue`	$1.32K	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 321,624.94 and 119,416.91 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively.	`PreferredStockValue`	$32.00	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 321,624.94 and 119,416.91 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively.	`PreferredStockValue`	$12.00	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$121.96M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$126.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$97.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$102.16M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$8.99M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$6.37M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$111.15M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$202.41M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$182.56M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.72M	USD	1 Quarter
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.07M	USD	1 Quarter
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$1.39M	USD	1 Quarter
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$1.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$348.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$912.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$968.93K	USD	1 Quarter
Asset management fees to related party (note 7)	`AssetsManagementFeeExpense`	$716.27K	USD	1 Quarter
Asset management fees to related party (note 7)	`AssetsManagementFeeExpense`	$676.55K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$207.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$222.03K	USD	1 Quarter
Administrative cost reimbursements to related party (note 7)	`AdministrativeFeesExpense`	$152.40K	USD	1 Quarter
Administrative cost reimbursements to related party (note 7)	`AdministrativeFeesExpense`	$181.50K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.18K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$100.22K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$25.50K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$25.50K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 7)	`NoninterestExpenseTransferAgentAndCustodianFees`	$23.00K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 7)	`NoninterestExpenseTransferAgentAndCustodianFees`	$26.60K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.59M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.52M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.11M	USD	1 Quarter
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$386.07K	USD	1 Quarter
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$126.39K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-547.57K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$3.15M	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$3.71M	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$1.89M	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$602.82K	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$517.45K	USD	1 Quarter
Net income	`ProfitLoss`	$4.92M	USD	1 Quarter
Net income	`ProfitLoss`	$1.29M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.23K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$358.00	USD	1 Quarter
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$87.88K	USD	1 Quarter
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.92M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.17M	USD	1 Quarter
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.28M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.33M	shares	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.92M	USD	1 Quarter
Net income	`ProfitLoss`	$1.29M	USD	1 Quarter
Net unrealized (gain) loss on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-547.57K	USD	1 Quarter
Net unrealized (gain) loss on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$3.15M	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-133.07K	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-3.39M	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$602.82K	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$517.45K	USD	1 Quarter
Straight - line rent	`StraightLineRent`	$8.21K	USD	1 Quarter
Straight - line rent	`StraightLineRent`	$352.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$912.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$968.93K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$259.52K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-42.38K	USD	1 Quarter
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-12.42K	USD	1 Quarter
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-1.00M	USD	1 Quarter
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$411.36K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$575.50K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	1 Quarter
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$874.90K	USD	1 Quarter
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$268.22K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-584.29K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-97.91K	USD	1 Quarter
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-43.23K	USD	1 Quarter
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$83.89K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-850.18K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.05M	USD	1 Quarter
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$2.08M	USD	1 Quarter
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$7.42M	USD	1 Quarter
Investment acquisition advance	`PaymentsForAdvanceOnInvestmentAcquisition`	$369.00K	USD	1 Quarter
Investment acquisition advance	`PaymentsForAdvanceOnInvestmentAcquisition`	$7.62M	USD	1 Quarter
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$1.22M	USD	1 Quarter
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$12.68K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$105.56K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$108.06K	USD	1 Quarter
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.02M	USD	1 Quarter
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.93M	USD	1 Quarter
Payment on contingent liability	`PaymentForContingentConsiderationLiabilityInvestingActivities`	$858.00K	USD	1 Quarter
Payment on contingent liability	`PaymentForContingentConsiderationLiabilityInvestingActivities`	-	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.61M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$553.13K	USD	1 Quarter
Payments on mortgage notes payable	`RepaymentsOfSecuredDebt`	$210.54K	USD	1 Quarter
Payments on mortgage notes payable	`RepaymentsOfSecuredDebt`	$51.49K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$2.97K	USD	1 Quarter
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$970.65K	USD	1 Quarter
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$555.34K	USD	1 Quarter
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.03M	USD	1 Quarter
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	-	USD	1 Quarter
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$538.90K	USD	1 Quarter
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$58.96K	USD	1 Quarter
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$2.05K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	$348.05K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	-	USD	1 Quarter
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-150.00K	USD	1 Quarter
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-767.93K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.21M	USD	1 Quarter
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.91M	USD	1 Quarter
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.89M	USD	1 Quarter
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.64M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.91M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.64M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.91M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.04M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$837.14K	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$1.09M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	-	USD	Point-in-time
Cash and restricted cash at end of the period classified as assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale`	$2.60M	USD	Point-in-time
Cash and restricted cash at end of the period classified as assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale`	$311.17K	USD	Point-in-time
Issuance of the Operating Partnership Preferred units for the purchase of First & Main, LP (Note 1)	`IssuanceOfOperatingPartnershipPreferredUnitsForPurchaseOfLimitedPartnershipInterest`	-	USD	1 Quarter
Issuance of the Operating Partnership Preferred units for the purchase of First & Main, LP (Note 1)	`IssuanceOfOperatingPartnershipPreferredUnitsForPurchaseOfLimitedPartnershipInterest`	$2.71M	USD	1 Quarter
Fair value of assets acquired from consolidation of First & Main, LP	`FairValueOfAssetsAcquired`	$18.19M	USD	1 Quarter
Fair value of assets acquired from consolidation of First & Main, LP	`FairValueOfAssetsAcquired`	-	USD	1 Quarter
Fair value of liablities assumed from consolidation of First & Main, LP	`LiabilitiesAssumed1`	$13.24M	USD	1 Quarter
Fair value of liablities assumed from consolidation of First & Main, LP	`LiabilitiesAssumed1`	-	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$386.38K	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$243.49K	USD	1 Quarter
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	$4.83K	USD	1 Quarter
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$346.84K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.14M	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$111.15M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$2.05K	USD	1 Quarter
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$117.94K	USD	1 Quarter
Operating Partnership Preferred Units issued	`OperatingPartnershipValuePreferredUnitsIssued`	$2.71M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStockStock`	$1.73M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStockStock`	$1.39M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$87.88K	USD	1 Quarter
Net income	`ProfitLoss`	$4.92M	USD	1 Quarter
Net income	`ProfitLoss`	$1.29M	USD	1 Quarter
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValuePreferredStockNewIssues`	$5.03M	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$243.49K	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$386.38K	USD	1 Quarter
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.83K	USD	1 Quarter
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$506.90K	USD	1 Quarter
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$386.38K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$111.15M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.