Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Mar. 02, 2020 | Jun. 28, 2019 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | EPRT | ||
Entity Registrant Name | Essential Properties Realty Trust, Inc. | ||
Entity Central Index Key | 0001728951 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Title of 12(b) Security | Common Stock, $0.01 par value | ||
Entity Common Stock, Shares Outstanding | 91,949,849 | ||
Entity Public Float | $ 985.8 | ||
Entity File Number | 001-38530 | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 82-4005693 | ||
Entity Interactive Data Current | Yes | ||
Security Exchange Name | NYSE | ||
Entity Address, Address Line One | 902 Carnegie Center Blvd | ||
Entity Address, Address Line Two | Suite 520 | ||
Entity Address, City or Town | Princeton | ||
Entity Address, State or Province | NJ | ||
Entity Address, Postal Zip Code | 08540 | ||
City Area Code | 609 | ||
Local Phone Number | 436-0619 | ||
Document Annual Report | true | ||
Document Transition Report | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Real estate investments, at cost: | |||
Land and improvements | $ 588,279 | $ 420,848 | |
Building and improvements | 1,224,682 | 885,656 | |
Lease incentives | 4,908 | 2,794 | |
Construction in progress | 12,128 | 1,325 | |
Intangible lease assets | 78,922 | 66,421 | |
Total real estate investments, at cost | 1,908,919 | 1,377,044 | |
Less: accumulated depreciation and amortization | (90,071) | (51,855) | |
Total real estate investments, net | 1,818,848 | 1,325,189 | |
Loans and direct financing lease receivables, net | 92,184 | 17,505 | |
Real estate investments held for sale, net | 1,211 | 0 | |
Net investments | 1,912,243 | 1,342,694 | |
Cash and cash equivalents | 8,304 | 4,236 | |
Restricted cash | 13,015 | 12,003 | |
Straight-line rent receivable, net | 25,926 | 14,255 | |
Prepaid expenses and other assets, net | 15,959 | 7,712 | |
Total assets | [1] | 1,975,447 | 1,380,900 |
LIABILITIES AND EQUITY | |||
Secured borrowings, net of deferred financing costs | 235,336 | 506,116 | |
Unsecured term loans, net of deferred financing costs | 445,586 | 0 | |
Revolving credit facility | 46,000 | 34,000 | |
Intangible lease liabilities, net | 9,564 | 11,616 | |
Dividend payable | 19,395 | 13,189 | |
Accrued liabilities and other payables | 17,453 | 4,938 | |
Total liabilities | [1] | 773,334 | 569,859 |
Commitments and contingencies (see Note 12) | 0 | 0 | |
Stockholders' equity: | |||
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of December 31, 2019 and 2018 | 0 | 0 | |
Common stock, $0.01 par value; 500,000,000 authorized; 83,761,151 and 43,749,092 issued and outstanding as of December 31, 2019 and 2018, respectively | 838 | 431 | |
Additional paid-in capital | 1,223,043 | 569,407 | |
Distributions in excess of cumulative earnings | (27,482) | (7,659) | |
Accumulated other comprehensive loss | (1,949) | 0 | |
Total stockholders' equity | 1,194,450 | 562,179 | |
Non-controlling interests | 7,663 | 248,862 | |
Total equity | 1,202,113 | 811,041 | |
Total liabilities and equity | $ 1,975,447 | $ 1,380,900 | |
[1] | The consolidated balance sheets of Essential Properties Realty Trust, Inc. include assets and liabilities of consolidated variable interest entities (“VIEs”). See Notes 2 and 6. As of December 31, 2019 and 2018, all of the assets and liabilities of the Company were held by its operating partnership, a consolidated VIE, with the exception of $19.3 million and $9.2 million, respectively, of dividends payable. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Preferred shares, par value per share | $ 0.01 | $ 0.01 |
Preferred shares, authorized shares | 150,000,000 | 150,000,000 |
Preferred shares, issued shares | 0 | 0 |
Preferred shares, outstanding shares | 0 | 0 |
Common shares, par value per share | $ 0.01 | $ 0.01 |
Common shares, authorized shares | 500,000,000 | 500,000,000 |
Common shares, issued shares | 83,761,151 | 43,749,092 |
Common shares, outstanding shares | 83,761,151 | 43,749,092 |
Dividends payable | $ 19,395 | $ 13,189 |
Assets and Liabilities Not Held by Variable Interest Entities ("VIEs") | ||
Dividends payable | $ 19,300 | $ 9,200 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues: | ||||
Rental revenue | $ 135,670 | $ 94,944 | $ 53,373 | |
Interest on loans and direct financing lease receivables | 3,024 | 656 | 293 | |
Other revenue | 663 | 623 | 783 | |
Total revenues | 139,357 | 96,223 | 54,449 | |
Expenses: | ||||
Interest (including $4,603 and $3,478 to related parties during the years ended December 31, 2018 and 2017, respectively) | 27,037 | 30,192 | 22,574 | |
General and administrative | 21,745 | 13,762 | 8,775 | |
Property expenses | 3,070 | 1,980 | 1,547 | |
Depreciation and amortization | 42,745 | 31,352 | 19,516 | |
Provision for impairment of real estate | 2,918 | 4,503 | 2,377 | |
Total expenses | 97,515 | 81,789 | 54,789 | |
Other operating income: | ||||
Gain on dispositions of real estate, net | 10,932 | 5,445 | 6,748 | |
Income from operations | 52,774 | 19,879 | 6,408 | |
Other (loss)/income: | ||||
Loss on repurchase and retirement of secured borrowings | (5,240) | |||
Interest | 794 | 930 | 49 | |
Income before income tax expense | 48,328 | 20,809 | 6,457 | |
Income tax expense | 303 | 195 | 161 | |
Net income | $ 16,329 | 48,025 | 20,614 | 6,296 |
Net income attributable to non-controlling interests | $ (5,001) | (6,181) | (5,001) | |
Net income attributable to stockholders and members | $ 41,844 | $ 15,613 | $ 6,296 | |
Basic weighted average shares outstanding | 42,634,678 | 64,104,058 | ||
Basic net income per share | $ 0.26 | $ 0.65 | ||
Diluted weighted average shares outstanding | 61,765,957 | 75,309,896 | ||
Diluted net income per share | $ 0.26 | $ 0.63 |
Consolidated Statements of Op_2
Consolidated Statements of Operations (Parenthetical) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Income Statement [Abstract] | |||
Interest expense related parties | $ 0 | $ 4,603,000 | $ 3,478,000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income | $ 48,025 | $ 20,614 | $ 6,296 |
Other comprehensive loss: | |||
Unrealized loss on cash flow hedges | (2,799) | ||
Cash flow hedge gains reclassified to interest expense | (106) | ||
Total other comprehensive loss | (2,905) | ||
Comprehensive income | 45,120 | 20,614 | 6,296 |
Net income attributable to non-controlling interests | (6,181) | (5,001) | |
Adjustment for cash flow hedge losses attributable to non-controlling interests | 956 | ||
Comprehensive income attributable to stockholders and members | $ 39,895 | $ 15,613 | $ 6,296 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' / Members' Equity - USD ($) $ in Thousands | Total | Class A Units | Class B Units | Class C Units | Class D Units | SCF Funding LLC | Common Stock | Additional Paid-in Capital | Distributions in Excess of Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' / Members' Equity | Non-Controlling Interests |
Balance at Dec. 31, 2016 | $ 174,650 | $ 174,650 | $ 174,650 | |||||||||
Contributions | 101,008 | $ 83,700 | 17,308 | 101,008 | ||||||||
Distributions | (101,222) | (101,222) | (101,222) | |||||||||
Conversion of equity resulting from issuance of units | $ 90,823 | (90,823) | ||||||||||
Unit-based compensation expense | 670 | $ 574 | $ 96 | 670 | ||||||||
Net income | 6,296 | 2,968 | 3,241 | $ 87 | 6,296 | |||||||
Balance at Dec. 31, 2017 | 181,402 | 86,668 | 574 | 94,064 | 96 | 181,402 | ||||||
Contributions | 50,000 | 50,000 | 50,000 | |||||||||
Unit-based compensation expense | 443 | 373 | 70 | 443 | ||||||||
Net income | 4,285 | 2,414 | 1,871 | 4,285 | ||||||||
Balance at Jun. 24, 2018 | 236,130 | 139,082 | 947 | 95,935 | 166 | 236,130 | ||||||
Balance at Dec. 31, 2017 | 181,402 | 86,668 | 574 | 94,064 | 96 | 181,402 | ||||||
Net income | 20,614 | |||||||||||
Balance at Dec. 31, 2018 | $ 811,041 | $ 431 | $ 569,407 | $ (7,659) | 562,179 | $ 248,862 | ||||||
Balance, shares at Dec. 31, 2018 | 43,749,092 | 43,749,092 | ||||||||||
Balance at Jun. 24, 2018 | $ 236,130 | 139,082 | 947 | 95,935 | 166 | 236,130 | ||||||
Contribution of Predecessor equity in exchange for OP Units | $ (139,082) | $ (947) | $ (95,935) | $ (166) | (236,130) | 236,130 | ||||||
Initial public offering/common stock issuance | 493,811 | $ 353 | 493,458 | 493,811 | ||||||||
Initial public offering/common stock issuance, shares | 35,272,191 | |||||||||||
Concurrent private placement of common stock | 108,999 | $ 78 | 108,921 | 108,999 | ||||||||
Concurrent private placement of common stock, shares | 7,785,611 | |||||||||||
Concurrent private placement of OP Units | 16,001 | 16,001 | ||||||||||
Costs related to issuance of common stock/initial public offering | (35,107) | (35,107) | (35,107) | |||||||||
Share-based compensation expense | 1,692 | 1,692 | 1,692 | |||||||||
Share-based compensation expense, shares | 691,290 | |||||||||||
Unit-based compensation expense | 443 | 443 | 443 | |||||||||
Dividends declared on common stock and OP Units | (27,257) | (18,987) | (18,987) | (8,270) | ||||||||
Net income | 16,329 | 11,328 | 11,328 | 5,001 | ||||||||
Balance at Dec. 31, 2018 | $ 811,041 | $ 431 | 569,407 | (7,659) | 562,179 | 248,862 | ||||||
Balance, shares at Dec. 31, 2018 | 43,749,092 | 43,749,092 | ||||||||||
Initial public offering/common stock issuance | $ 423,687 | $ 215 | 423,472 | 423,687 | ||||||||
Initial public offering/common stock issuance, shares | 21,462,986 | |||||||||||
Costs related to issuance of common stock/initial public offering | (13,901) | (13,901) | (13,901) | |||||||||
Conversion of equity in Secondary Offering | $ 185 | 237,795 | 237,980 | (237,980) | ||||||||
Conversion of equity in Secondary Offering, shares | 18,502,705 | |||||||||||
Unrealized losses on cash flow hedges | (2,799) | $ (1,868) | (1,868) | (931) | ||||||||
Cash flow hedge gains reclassified to interest expense | (106) | (81) | (81) | (25) | ||||||||
Share-based compensation expense | 4,115 | $ 7 | 4,108 | 4,115 | ||||||||
Share-based compensation expense, shares | 46,368 | |||||||||||
Unit-based compensation expense | 2,162 | 2,162 | 2,162 | |||||||||
Dividends declared on common stock and OP Units | (70,111) | (61,667) | (61,667) | (8,444) | ||||||||
Net income | 48,025 | 41,844 | 41,844 | 6,181 | ||||||||
Balance at Dec. 31, 2019 | $ 1,202,113 | $ 838 | $ 1,223,043 | $ (27,482) | $ (1,949) | $ 1,194,450 | $ 7,663 | |||||
Balance, shares at Dec. 31, 2019 | 83,761,151 | 83,761,151 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash flows from operating activities: | |||
Net income | $ 48,025 | $ 20,614 | $ 6,296 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 42,745 | 31,352 | 19,516 |
Amortization of lease incentive | 282 | 159 | 139 |
Amortization of above/below market leases and right of use assets, net | 534 | 336 | 531 |
Amortization of deferred financing costs and other assets | 2,815 | 2,798 | 1,884 |
Loss on repurchase and retirement of secured borrowings | 5,240 | ||
Provision for impairment of real estate | 2,918 | 4,503 | 2,377 |
Gain on dispositions of investments, net | (10,932) | (5,445) | (6,749) |
Straight-line rent receivable | (12,322) | (8,812) | (4,329) |
Equity-based compensation expense | 6,238 | 2,440 | 841 |
Adjustment to rental revenue for tenant credit/allowance for doubtful accounts | 593 | 385 | 148 |
Changes in other assets and liabilities: | |||
Prepaid expenses and other assets | 1,242 | (767) | (2,301) |
Accrued liabilities and other payables | 1,190 | (1,646) | 4,121 |
Net cash provided by operating activities | 88,568 | 45,917 | 22,474 |
Cash flows from investing activities: | |||
Proceeds from sales of investments, net | 66,765 | 60,446 | 53,626 |
Principal collections on loans and direct financing lease receivables | 9,519 | 74 | 79 |
Investments in loans receivable | (94,637) | (14,854) | |
Deposits for prospective real estate investments | 530 | (1,712) | (251) |
Investment in real estate, including capital expenditures | (570,025) | (490,040) | (509,825) |
Investment in construction in progress | (17,858) | (15,258) | (7,737) |
Lease incentives paid | (2,133) | (519) | (275) |
Net cash used in investing activities | (607,839) | (461,863) | (464,383) |
Cash flows from financing activities: | |||
Proceeds from issuance of notes payable to related parties | 154,000 | 543,000 | |
Payments of principal on notes payable to related parties | (384,000) | (313,000) | |
Proceeds from secured borrowings | 248,100 | ||
Repurchase and repayment of secured borrowings | (279,123) | (7,816) | (5,597) |
Principal received on repurchased secured borrowings | 1,707 | ||
Borrowings under term loan facilities | 450,000 | ||
Borrowings under revolving credit facility | 459,000 | 34,000 | |
Repayments under revolving credit facility | (447,000) | ||
Deferred financing costs | (6,128) | (3,065) | (5,564) |
Capital contributions by members in Predecessor | 50,000 | 83,700 | |
Distributions paid to members by Predecessor | (101,222) | ||
Proceeds from issuance of common stock, net | 411,635 | 464,182 | |
Offering costs | (1,837) | (5,478) | |
Dividends paid | (63,903) | (14,068) | |
Net cash provided by financing activities | 524,351 | 412,755 | 449,417 |
Net increase (decrease) in cash and cash equivalents and restricted cash | 5,080 | (3,191) | 7,508 |
Cash and cash equivalents and restricted cash, beginning of period | 16,239 | 19,430 | 11,922 |
Cash and cash equivalents and restricted cash, end of period | 21,319 | 16,239 | 19,430 |
Reconciliation of cash and cash equivalents and restricted cash: | |||
Cash and cash equivalents | 8,304 | 4,236 | 7,250 |
Restricted cash | 13,015 | 12,003 | 12,180 |
Cash and cash equivalents and restricted cash, end of period | 21,319 | 16,239 | 19,430 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amounts capitalized | 29,485 | 27,901 | 20,439 |
Cash paid for income taxes | 60 | 55 | 6 |
Non-cash investing and financing activities: | |||
Reclassification from construction in progress upon project completion | 7,055 | 18,009 | 4,618 |
Net settlement of proceeds on the purchase and sale of investments | 4,960 | ||
Non-cash investments in real estate and loan receivable activity | 10,439 | ||
Lease liabilities arising from the recognition of right of use assets | 8,355 | ||
Unrealized losses on cash flow hedges | 2,905 | ||
Non-cash equity contributions | 17,308 | ||
Real estate investments acquired through direct equity investment | $ (17,308) | ||
Contribution of Predecessor equity in exchange for OP Units | 236,130 | ||
Conversion of equity in Secondary Offering | 237,795 | ||
Payable and accrued offering costs | 66 | ||
Discounts and fees on capital raised through issuance of common stock | 12,048 | 29,629 | |
Payable and accrued deferred financing costs | 126 | ||
Dividends declared | $ 19,395 | 13,189 | |
Common Stock | |||
Cash flows from financing activities: | |||
Proceeds from concurrent private placement | 108,999 | ||
Operating Partnership Unit | |||
Cash flows from financing activities: | |||
Proceeds from concurrent private placement | $ 16,001 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2019 | |
Organization And Formation Activities [Abstract] | |
Organization | 1. Organization Essential Properties Realty Trust, Inc. (“EPRT Inc.” or the “Company”) is an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. EPRT Inc. generally acquires and leases freestanding, single-tenant commercial real estate facilities where a tenant services its customers and conducts activities that are essential to the generation of the tenant’s sales and profits. EPRT Inc. was organized on January 12, 2018 as a Maryland corporation. It has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes beginning with the year ended December 31, 2018, and it believes that its current organizational and operational status and intended distributions will allow it to continue to so qualify. On June 25, 2018, EPRT Inc. completed the initial public offering (“IPO”) of its common stock. The common stock of EPRT Inc. is listed on the New York Stock Exchange under the ticker symbol “EPRT”. See Note 8 – Equity for additional information. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Basis of Accounting The accompanying consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the rules and regulations of the SEC. In the opinion of management, all adjustments of a normal recurring nature necessary for a fair presentation have been included. Reclassification Certain amounts previously reported in the consolidated financial statements have been reclassified in the accompanying consolidated financial statements to conform to the current period’s presentation of gain on dispositions of real estate, net on the consolidated statement of operations and comprehensive income for the year ended December 31, 2017. The Company has presented gain on dispositions of real estate, net as a component of income from operations in order to present gains and losses on dispositions of properties in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (ASC) 360-10-45-5. This change in presentation was made for the prior periods as the SEC has eliminated Rule 3-15(a) of Regulation S-X, which previously had required the Company to present gains and losses on sale of properties outside of continuing operations in the Company’s consolidated statements of operations. Additionally, certain amounts previously reported in the consolidated statements of operations have been reclassified to conform to the current period’s presentation of rental revenue (due to the adoption of the new lease accounting standard, as discussed further below), interest income and income tax expense. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and subsidiaries in which the Company has a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. As of December 31, 2019 and 2018, the Company held a 98.3% and 69.7% ownership interest in the Operating Partnership and the consolidated financial statements include the financial statements of the Operating Partnership as of these dates. See Note 8—Equity for changes in the ownership interest in the Operating Partnership. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Real Estate Investments Investments in real estate are carried at cost less accumulated depreciation and impairment losses. The cost of investments in real estate reflects their purchase price or development cost. The Company evaluates each acquisition transaction to determine whether the acquired asset meets the definition of a business. Under Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The Company allocates the purchase price of acquired properties accounted for as asset acquisitions to tangible and identifiable intangible assets or liabilities based on their relative fair values. Tangible assets may include land, site improvements and buildings. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. The Company incurs various costs in the leasing and development of its properties. Amounts paid to tenants that incentivize them to extend or otherwise amend an existing lease or to sign a new lease agreement are capitalized to lease incentives on the Company’s consolidated balance sheets. Tenant improvements are capitalized to building and improvements within the Company’s consolidated balance sheets. Costs incurred which are directly related to properties under development, which include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs and real estate taxes and insurance, are capitalized during the period of development as construction in progress. After the determination is made to capitalize a cost, it is allocated to the specific component of a project that benefited. Determination of when a development project commences, and capitalization begins, and when a development project has reached substantial completion, and is available for occupancy and capitalization must cease, involves a degree of judgment. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases based on the specific characteristics of each tenant’s lease. The Company estimates the cost to execute leases with terms similar to the remaining lease terms of the in-place leases, including leasing commissions, legal and other related expenses. Factors the Company considers in this analysis include an estimate of the carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses, and estimates of lost rentals at market rates during the expected lease-up periods, which primarily range from six to 12 months. The fair value of above- or below-market leases is recorded based on the net present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company’s estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining non-cancelable term of the lease including any below-market fixed rate renewal options for below-market leases. In making estimates of fair values for purposes of allocating purchase price, the Company uses a number of sources, including real estate valuations prepared by independent valuation firms. The Company also considers information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate (e.g., location, size, demographics, value and comparative rental rates), tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. Additionally, the Company considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. The Company uses the information obtained as a result of its pre-acquisition due diligence as part of its consideration of the accounting standard governing asset retirement obligations and, when necessary, will record an asset retirement obligation as part of the purchase price allocation. Real estate investments that are intended to be sold are designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount and fair value less estimated selling costs. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company’s operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive income for all applicable periods. Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings and 15 years for site improvements. During the years ended December 31, 2019, 2018 and 2017, Lease incentives are amortized on a straight-line basis as a reduction of rental income over the remaining non-cancellable terms of the respective leases. If a tenant terminates its lease, the unamortized portion of the lease incentive is charged to rental revenue. Construction in progress is not depreciated until the development has reached substantial completion. Tenant improvements are depreciated over the non-cancellable term of the related lease or their estimated useful life, whichever is shorter. Capitalized above-market lease values are amortized on a straight-line basis as a reduction of rental revenue over the remaining non-cancellable terms of the respective leases. Capitalized below-market lease values are accreted on a straight-line basis as an increase to rental revenue over the remaining non-cancellable terms of the respective leases including any below-market fixed rate renewal option periods. Capitalized above-market ground lease values are accreted as a reduction of property expenses over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property expenses over the remaining terms of the respective leases and any expected below-market renewal option periods where renewal is considered probable. The value of in-place leases, exclusive of the value of above-market and below-market lease intangibles, is amortized to depreciation and amortization expense on a straight-line basis over the remaining periods of the respective leases. If a tenant terminates its lease, the unamortized portion of each intangible, including in-place lease values, is charged to depreciation and amortization expense, while above- and below-market lease adjustments are recorded within rental revenue in the consolidated statements of operations and comprehensive income. Loans Receivable The Company holds its loans receivable for long-term investment. Loans receivable are carried at amortized cost, including related unamortized discounts or premiums, if any. The Company recognizes interest income on loans receivable using the effective-interest method applied on a loan-by-loan basis. Direct costs associated with originating loans are offset against any related fees received and the balance, along with any premium or discount, is deferred and amortized as an adjustment to interest income over the term of the related loan receivable using the effective-interest method. The Company periodically evaluates the collectability of its loans receivable, including accrued interest, by analyzing the underlying property‑level economics and trends, collateral value and quality and other relevant factors in determining the adequacy of its allowance for loan losses. A loan is determined to be impaired when, in management’s judgment based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Specific allowances for loan losses are provided for impaired loans on an individual loan basis in the amount by which the carrying value exceeds the estimated fair value of the underlying collateral less disposition costs. As of December 31, 2019 and 2018, the Company had no allowance for loan losses recorded in its consolidated financial statements. Direct Financing Lease Receivables Certain of the Company’s real estate investment transactions are accounted for as direct financing leases. The Company records the direct financing lease receivables at their net investment, determined as the aggregate minimum lease payments and the estimated non-guaranteed residual value of the leased property less unearned income. The unearned income is recognized over the term of the related lease so as to produce a constant rate of return on the net investment in the asset. The Company’s investment in direct financing lease receivables is reduced over the applicable lease term to its non-guaranteed residual value by the portion of rent allocated to the direct financing lease receivables. Subsequent to the adoption of ASC 842, Leases If and when an investment in direct financing lease receivables is identified for impairment evaluation, the Company will apply the guidance in both ASC 310, Receivables Leases Impairment of Long-Lived Assets If circumstances indicate that the carrying value of a property may not be recoverable, the Company reviews the property for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. Impairment assessments have a direct impact on the consolidated statements of operations, because recording an impairment loss results in an immediate negative adjustment to the consolidated statements of operations. During the years ended December 31, 2019, 2018 and 2017, the Company recorded a provision for impairment of real estate of $2.9 million, $4.5 million and $2.4 million, respectively. Cash and Cash Equivalents Cash and cash equivalents includes cash in the Company’s bank accounts. The Company considers all cash balances and highly liquid investments with original maturities of three months or less to be cash and cash equivalents. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to an insurance limit. As of December 31, 2019 and 2018, the Company had deposits of $8.3 million and $4.2 million, respectively, of which and $8.1 million and $4.0 million, respectively, were in excess of the amount insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result. Restricted Cash Restricted cash primarily consists of cash held with the trustee for the Company’s Master Trust Funding Program (as defined in Note 6—Secured Borrowings). This restricted cash is used to make principal and interest payments on the Company’s secured borrowings, to pay trust expenses and to acquire future real estate investments which will be pledged as collateral under the Master Trust Funding Program. See Note 6—Secured Borrowings for further discussion. Adjustment to Rental Revenue for Tenant Credit/Allowance for Doubtful Accounts The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Prior to January 1, 2019, if the collectability of a receivable was in doubt, the accounts receivable and straight-line rent receivable balances were reduced by an allowance for doubtful accounts on the consolidated balance sheets or a direct write-off of the receivable was recorded in the consolidated statements of operations. The provision for doubtful accounts was included in property expenses in the Company’s consolidated statements of operations. If the accounts receivable balance or straight-line rent receivable balance was subsequently deemed to be uncollectible, such receivable amounts were written-off to the allowance for doubtful accounts. As of January 1, 2019, if the assessment of the collectability of substantially all payments due under a lease changes from probable to not probable, any difference between the rental revenue recognized to date and the lease payments that have been collected is recognized as a current period adjustment to rental revenue in the consolidated statements of operations. As of December 31, 2018, the Company recorded an allowance for doubtful accounts of $0.2 million related to base rent receivable and recorded no allowance for doubtful accounts related to straight-line rent receivable. During the year ended December 31, 2019, the Company recognized an adjustment to rental revenue for tenant credit of $0.6 million. Deferred Financing Costs Financing costs related to establishing the Company’s 2018 Credit Facility and Revolving Credit Facility (as defined below) were deferred, are being amortized as an increase to interest expense in the consolidated statements of operations over the term of the facility and are reported as a component of prepaid expenses and other assets, net on the consolidated balance sheets. Financing costs related to the issuance of the Company’s secured borrowings under the Master Trust Funding Program, the April 2019 Term Loan and the November 2019 Term Loan were deferred, are being amortized as an increase to interest expense in the consolidated statements of operations over the term of the related debt instrument and are reported as a reduction of the related debt balance on the consolidated balance sheets. Derivative Instruments In the normal course of business, the Company uses derivative financial instruments, which may include interest rate swaps, caps, options, floors and other interest rate derivative contracts, The Company records all derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may also enter into derivative contracts that are intended to economically hedge certain risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If a derivative is designated and qualifies for cash flow hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) in the consolidated statements of comprehensive income to the extent that it is effective. Any ineffective portion of a change in derivative fair value is immediately recorded in earnings. If the Company elects not to apply hedge accounting treatment (or for derivatives that do not qualify as hedges), any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statements of operations. Fair Value Measurement The Company estimates fair value of financial and non-financial assets and liabilities based on the framework established in fair value accounting guidance. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The hierarchy described below prioritizes inputs to the valuation techniques used in measuring the fair value of assets and liabilities. This hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs to be used when available. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1—Quoted prices in active markets for identical assets and liabilities that the Company has the ability to access at the measurement date. Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. Level 3—Unobservable inputs that reflect the Company’s own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. Revenue Recognition The Company’s rental revenue is primarily rent received from tenants. Rent from tenants is recorded in accordance with the terms of each lease on a straight-line basis over the non-cancellable initial term of the lease from the later of the date of the commencement of the lease and the date of acquisition of the property subject to the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Because substantially all of the leases provide for rental increases at specified intervals, the Company records a straight-line rent receivable and recognizes revenue on a straight-line basis through the expiration of the non-cancelable term of the lease. The Company takes into account whether the collectability of rents is reasonably assured in determining the amount of straight-line rent to record. Generally, the Company’s leases provide the tenant with one or more multi-year renewal options, subject to generally the same terms and conditions provided under the initial lease term, including rent increases. If economic incentives make it reasonably certain that an option period to extend the lease will be exercised, the Company will include these options in determining the non-cancelable term of the lease. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. These amounts are presented within accrued liabilities and other payables on the Company’s consolidated balance sheets. Certain properties in the Company’s investment portfolio are subject to leases that provide for contingent rent based on a percentage of the tenant’s gross sales. For these leases, the Company recognizes contingent rental revenue when the threshold upon which the contingent lease payment is based is actually reached. During the years ended December 31, 2019, 2018 and 2017, the Company recorded contingent rent of $0.9 million, $1.1 million, and $1.1 million, respectively. Organizational Costs Costs related to the initial organization of the Company and its subsidiaries are expensed as they are incurred and are recorded within general and administrative expense in the Company’s consolidated statements of operations. Offering Costs In connection with the IPO, the Follow-On Offering, and its ATM Program, the Company incurred legal, accounting and other offering-related costs. Such costs have been deducted from the gross proceeds of each of the IPO, the Follow-On Offering and the ATM Program. As of December 31, 2019 and 2018, the Company had capitalized $49.0 million and $35.1 million, respectively, of such costs in the Company’s consolidated balance sheets. These costs are presented as a reduction of additional paid-in capital as of December 31, 2019 and December 31, 2018. Legal, accounting and other offering-related costs incurred in connection with the Secondary Offering were expensed as incurred and are recorded within general and administrative expense in the Company’s consolidated statements of operations. Gains and Losses on Dispositions of Real Estate Through December 31, 2017, gains and losses on dispositions of real estate investments were recorded in accordance with ASC 360-20, Property, Plant and Equipment—Real Estate Sales On January 1, 2018, the Company adopted FASB ASU 2017-05, Other Income — Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets Income Taxes EPRT Inc. elected and qualified to be taxed as a REIT under sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 2018. REITs are subject to a number of organizational and operational requirements, including a requirement that 90% of ordinary “REIT taxable income” (as determined without regard to the dividends paid deduction or net capital gains) be distributed. As a REIT, the Company will generally not be subject to U.S. federal income tax to the extent that it meets the organizational and operational requirements and its distributions equal or exceed REIT taxable income. For the period subsequent to the effective date of its REIT election, the Company continues to meet the organizational and operational requirements and expects distributions to exceed net taxable income. Accordingly, no provision has been made for U.S. federal income taxes. Even though the Company has elected and qualifies for taxation as a REIT, it may be subject to state and local income and franchise taxes, and to federal income and excise tax on its undistributed income. Franchise taxes and federal excise taxes on the Company’s undistributed income, if any, are included in general and administrative expenses on the accompanying consolidated statements of operations. Additionally, taxable income from non-REIT activities managed through the Company's taxable REIT subsidiary is subject to federal, state, and local taxes. The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in such jurisdictions. The Company follows a two-step process to evaluate uncertain tax positions. Step one, recognition, occurs when an entity concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Step two, measurement, determines the amount of benefit that is more-likely-than-not to be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The use of a valuation allowance as a substitute for derecognition of tax positions is prohibited. As of December 31, 2019 and 2018, the Company did not record any accruals for uncertain tax positions. The Company’s policy is to classify interest expense and penalties in general and administrative expense in the consolidated statements of operations. During the years ended December 31, 2019 and 2018, the Company did not record any interest or penalties, and there are no interest or penalties accrued at December 31, 2019 and 2018. The 2019, 2018, 2017 and 2016 taxable years remain open to examination by federal and state taxing jurisdictions to which the Company is subject. Equity-Based Compensation In 2019 and 2018, EPRT Inc. granted shares of restricted common stock and restricted share units (“RSUs”) to its directors, executive officers and other employees that vest over multiple periods, subject to the recipient’s continued service. In 2019, EPRT Inc. granted performance-based RSUs to its executive officers, the final number of which is determined based on market and subjective performance conditions and which vest over a multi-year period, subject to the recipient’s continued service. In 2017, the Predecessor granted unit-based compensation awards to certain of its employees and managers, as well as non-employees, consisting of units that vest over a multi-year period, subject to the recipient’s continued service. The Company accounts for the restricted common stock, RSUs and unit-based compensation in accordance with ASC 718, Compensation – Stock Compensation, which requires that such compensation be recognized in the financial statements based on their estimated grant-date fair value. The value of such awards is recognized as compensation expense in general and administrative expenses in the accompanying consolidated statements of operations over the requisite service periods. The Company recognizes compensation expense for equity-based compensation using the straight-line method based on the terms of the individual grant. Variable Interest Entities The FASB provides guidance for determining whether an entity is a variable interest entity (a “VIE”). VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. A VIE is required to be consolidated by its primary beneficiary, which is the party that (i) has the power to control the activities that most significantly impact the VIE’s economic performance and (ii) has the obligation to absorb losses, or the right to receive benefits, of the VIE that could potentially be significant to the VIE. Following the completion of the Formation Transactions, the Company concluded that the Operating Partnership is a VIE of which the Company is the primary beneficiary, as the Company has the power to direct the activities that most significantly impact the economic performance of the Operating Partnership . Substantially all of the Company’s assets and liabilities are held by the Operating Partnership. The assets and liabilities of the Operating Partnership are consolidated and reported as assets and liabilities on the Company’s consolidated balance sheet as of December 31, 2019 and . As of , the Company concluded that an entity which it had provided a mortgage loan receivable was a VIE because the terms of the loan agreement limited the entity’s ability to absorb expected losses or the entity’s right to receive expected residual returns. However, the Company was not the primary beneficiary of the entity, because the Company did not have the power to direct the activities that most significantly impact the entity’s economic performance. As of , the carrying amount of the Company’s loan receivable with this entity was , and the Company’s maximum exposure to loss in this entity is limited to the carrying amount of its investment. The Company had no liabilities associated with this investment as of December 31, 2018. In March 2019, the borrowing entity under this mortgage loan settled the principal amount in full and the Company had no loan receivable from this entity as of . As of December 31, 2019 he Company concluded that seven entities to which it had provided mortgage loans were VIEs, because the entities’ equity was not sufficient to finance their activities without additional subordinated financial support. However, the Company was not the primary beneficiary of the entities, because the Company did not have the power to direct the activities that most significantly impact the entities’ economic performance. As of December 31, 2019 the carrying amount of the Company’s loans receivable with these entities was $60.5 million and the Company’s maximum exposure to loss in these entities is limited to the carrying amount of its investment. The Company had no liabilities associated with these VIEs as of December 31, 2019 Reportable Segments ASC Topic 280, Segment Reporting, establishes standards for the manner in which enterprises report information about operating segments. Substantially all of the Company’s investments, at acquisition, are comprised of real estate owned that is leased to tenants on a long-term basis. Therefore, the Company aggregates th |
Investments
Investments | 12 Months Ended |
Dec. 31, 2019 | |
Investments [Abstract] | |
Investments | 3. Investments As of December 31, 2019, the Company had investments in 1,000 properties, including eight developments in progress and one undeveloped land parcel. Of these 1,000 properties, 897 represented owned properties (of which eight were subject to leases accounted for as direct financing leases or loans), 12 represented ground lease interests (of which one building was subject to a lease accounted for as a direct financing lease) and 91 represented properties which secure the Company’s investments in six mortgage loans receivable. The Company’s gross investment portfolio totaled $2.0 billion as of December 31, 2019 and consisted of gross acquisition cost of real estate investments (including transaction costs) totaling $1.9 billion and loans and direct financing lease receivables, net, with an aggregate carrying amount of $92.2 million. As of December 31, 2019, 355 of these investments, comprising $601.3 million of net investments, were assets of consolidated special purpose entity subsidiaries and were pledged as collateral under the non-recourse obligations of the Company’s Master Trust Funding Program (see Note 6—Secured Borrowings). As of December 31, 2018, the Company had investments in 665 properties, including four developments in progress and one undeveloped land parcel, and three mortgage loans receivable secured by 12 additional properties. Of these 665 properties, 652 represented owned properties (of which five were subject to leases accounted for as direct financing leases) and 13 represented ground lease interests (of which one building was subject to a lease accounted for as a direct financing lease). The Company’s gross investment portfolio totaled $1.4 billion as of December 31, 2018 and consisted of gross acquisition cost of real estate investments (including transaction costs) totaling $1.4 billion and loans and direct financing lease receivables, net, with an aggregate carrying amount of $17.5 million. As of December 31, 2018, 347 of these investments comprising $609.2 million of net investments were assets of consolidated special purpose entity subsidiaries and were pledged as collateral under the non-recourse obligations of these special purpose entities (See Note 6—Secured Borrowings). Acquisitions in 2019 During the year ended December 31, 2019, the Company did not have any acquisitions that represented more than 5% of the Company’s total investment activity as of December 31, 2019. The following table presents information about the Company’s acquisition activity during the year ended December 31, 2019: (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 281 Allocation of purchase price: Land and improvements $ 191,311 Building and improvements 370,312 Construction in progress (2) 17,858 Intangible lease assets 18,802 Assets acquired 598,283 Intangible lease liabilities (188 ) Liabilities assumed (188 ) Purchase price (including acquisition costs) $ 598,095 (1) During the year ended December 31, 2019, the Company acquired the fee interest in 279 properties and acquired (2) Represents amounts incurred at and subsequent to acquisition and includes approximately $0.3 million of capitalized interest expense. Acquisitions in 2018 During the year ended December 31, 2019, the Company did not complete any acquisitions that represented more than 5% of its total investment activity as of December 31, 2018. The following table presents information about the Company’s acquisition activity during the year ended December 31, 2018: (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 204 Allocation of purchase price: Land and improvements $ 160,362 Building and improvements 316,894 Construction in progress (2) 15,258 Intangible lease assets 12,227 Assets acquired 504,741 Intangible lease liabilities (1,132 ) Liabilities assumed (1,132 ) Purchase price (including acquisition costs) $ 503,609 (1) During the year ended December 31, 2018, the Company acquired the fee interest in 203 properties and acquired one property subject to a ground lease arrangement. (2) Represents amounts incurred at and subsequent to acquisition and includes $0.2 million of capitalized interest expense. Gross Investment Activity During the years ended December 31, 2019, 2018 and 2017, the Company had the following gross investment activity: (Dollar amounts in thousands) Number of Investment Locations Dollar Amount of Investments Gross investments, December 31, 2016 344 $ 458,667 Acquisitions of and additions to real estate investments 212 535,394 Sales of investments in real estate and direct financing lease receivables (47) (51,120 ) Relinquishment of property at end of ground lease term (1) (542 ) Provisions for impairment of real estate (1) (2,466 ) Principal collections on direct financing lease receivables (79 ) Other (782 ) Gross investments, December 31, 2017 508 $ 939,072 Acquisitions of and additions to real estate investments 204 506,949 Sales of investments in real estate (45) (58,084 ) Relinquishment of properties at end of ground lease term (2) (853 ) Provisions for impairment of real estate (2) (4,543 ) Investments in loans receivable (5) 12 (4) 14,854 Principal collections on direct financing lease receivables (74 ) Other (2,772 ) Gross investments, December 31, 2018 677 $ 1,394,549 Acquisitions of and additions to real estate investments 281 603,677 Sales of investments in real estate (37) (65,571 ) Relinquishment of properties at end of ground lease term (3) (700 ) Provisions for impairment of real estate (3) (2,918 ) Investments in loans receivable 95 94,637 Principal collections on and settlements of loans and direct financing lease receivables (6) (13) (19,958 ) Other (1,402 ) Gross investments, December 31, 2019 2,002,314 Less: Accumulated depreciation and amortization (7) (90,071 ) Net investments, December 31, 2019 1,000 $ 1,912,243 ( 1 ) During the year ended December 31, 2017, the Company identified and recorded provisions for impairment at 6 vacant and 3 tenanted properties. The amount in the table above excludes $0.1 million related to intangible lease liabilities for these assets. ( 2 ) During the year ended December 31, 2018, the Company identified and recorded provisions for impairment at 7 vacant and 14 tenanted properties. The amount in the table above excludes approximately $40,000 related to intangible lease liabilities for these assets. (3) During the year ended December 31, 2019, the Company identified and recorded provisions for impairment at 1 vacant and 7 tenanted properties. (4) Excludes improvements at one property securing a $3.2 million development construction loan as the land at this location is included in acquisitions of and additions to real estate investments for 2018. ( 5 ) Includes $3.5 million of loan receivable made to the purchaser of one real estate property as of December 31, 2018. (6) During the year ended December 31, 2019, the Company acquired 11 properties that had secured three of its loans receivable for an aggregate purchase price of $12.9 million. These loans receivable had a carrying value of $11.6 million prior to their settlement. (7) Includes $71.6 million of accumulated depreciation as of December 31, 2019. Real Estate Investments The Company’s investment properties are leased to tenants under long-term operating leases that typically include one or more renewal options. See Note 11—Leases for more information about the Company’s leases. Loans and Direct Financing Lease Receivables During the years ended December 31, 2019 and 2018, the Company has seven and four loan receivable outstanding, with an aggregate carrying amount of $89.6 million and $14.9 million, respectively. The Company had no loan receivable activity during the year ended December 31, 2017. The maximum amount of loss due to credit risk is our current principal balance of $89.6 million. During the year ended December 31, 2019 the borrowers under four of the Company’s loans receivable, with carrying values of $2.4 million, $5.7 million, $3.5 million and $3.4 million, settled or repaid the loans in full. Additionally, the borrower under one of the Company’s loans receivable, with a maturity date in 2039, made a partial prepayment to the Company of $4.8 million during 2019. The Company also entered into seven arrangements accounted for as loans receivable during the year ended December 31, 2019 with an aggregate carrying value of $89.6 million as of December 31, 2019. The Company’s loans receivable as of December 31, 2019 Number of Secured Principal Balance Outstanding, December 31, Loan Type Monthly Payment Properties Interest Rate Maturity Date 2019 2018 Mortgage (1)(2) Interest only 10.00 % 2021 $ — $ 2,376 Mortgage (1) Interest only 7.55 % 2019 — 5,748 Mortgage (1)(2) Interest only 5.25 % 2019 — 3,500 Mortgage (1)(2) Interest only 2 8.80 % 2039 12,000 — Mortgage (2) Principal + Interest 2 8.10 % 2059 5,125 — Mortgage (1) Interest only 2 8.53 % 2039 7,300 — Mortgage (1) Interest only 69 8.16 % 2034 28,000 — Mortgage (1) Principal + Interest 18 8.05 % 2034 34,604 — Development construction (2)(3) Principal + Interest 8.00 % 2058 — 3,230 Leasehold interest (4) Principal + Interest (4) 10.69 % 2039 1,435 — Leasehold interest (5) Principal + Interest 1 2.25 % 2034 1,164 — Net investment $ 89,628 $ 14,854 (1 ) Loan requires monthly payments of interest only with a balloon payment due at maturity. (2) Loan allows for prepayments in whole or in part without penalty. (3) Loan was secured by a mortgage on the building and improvements at the development property. The Company provided periodic funding to the borrower under this arrangement as construction progressed. (4) This leasehold interest transaction is accounted for as a loan receivable, as the lease for two land parcels contains an option for the lessee to repurchase the leased assets in 2024 or 2025. (5) This leasehold interest transaction is accounted for as a loan receivable, as the lease for one property contains an option for the lessee to repurchase the leased asset in 2034. Scheduled principal payments due to be received under the Company’s loans receivable as of December 31, 2019 are as follows: (in thousands) Loans Receivable 2020 $ 63 2021 77 2022 82 2023 87 2024 92 Thereafter 89,227 Total $ 89,628 As of December 31, 2019 and 2018, the Company had $2.6 million and $2.7 million of net investments accounted for as direct financing lease receivables. The components of the investments accounted for as direct financing lease receivables were as follows: December 31, (in thousands) 2019 2018 Minimum lease payments receivable $ 3,866 $ 4,198 Estimated unguaranteed residual value of leased assets 270 270 Unearned income from leased assets (1,581 ) (1,817 ) Net investment $ 2,555 $ 2,651 Scheduled future minimum non-cancelable base rental payments due to be received under the direct financing lease receivables as of December 31, 2019 are as follows: (in thousands) Future Minimum Base Rental Payments 2020 $ 337 2021 340 2022 345 2023 347 2024 289 Thereafter 2,208 Total $ 3,866 Real Estate Investments Held for Sale The Company continually evaluates its portfolio of real estate investments and may elect to dispose of investments considering criteria including, but not limited to, tenant concentration, tenant credit quality, tenant operation type (e.g., industry, sector or concept), unit-level financial performance, local market conditions and lease rates, associated indebtedness and asset location. Real estate investments held for sale are expected to be sold within twelve months. The following table shows the activity in real estate investments held for sale and intangible lease liabilities held for sale during the years ended December 31, 2019 and 2018. (Dollar amounts in thousands) Number of Properties Real Estate Investments Intangible Lease Liabilities Net Carrying Value Held for sale balance, December 31, 2017 3 $ 4,173 $ (129 ) $ 4,044 Transfers to held for sale classification 12 14,487 (256 ) 14,231 Sales (15 ) (18,660 ) 385 (18,275 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2018 — — — — Transfers to held for sale classification 5 $ 7,450 $ 7,450 Sales (4 ) (6,239 ) — (6,239 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2019 1 $ 1,211 $ — $ 1,211 Significant Concentrations The Company did not have any tenants (including for this purpose, all affiliates of such tenants) whose rental revenue for the years ended December 31, 2019, 2018 or 2017 represented 10% or more of total rental revenue in the Company’s consolidated statements of operations. The following table lists the states where the rental revenue from the properties in that state during the periods presented represented 10% or more of total rental revenue in the Company’s consolidated statements of operations: Year ended December 31, State 2019 2018 2017 Texas 12.4% 12.5% 13.1% Georgia 10.8% 11.5% * Florida * * 10.2% * State's rental revenue was not greater than 10% of total rental revenue for all portfolio properties during the period specified. Intangible Assets and Liabilities Intangible assets and liabilities consisted of the following as of the dates presented: December 31, 2019 December 31, 2018 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 64,828 $ 14,195 $ 50,633 $ 50,317 $ 9,498 $ 40,819 Intangible market lease assets 14,094 4,228 9,866 16,104 4,144 11,960 Total intangible assets $ 78,922 $ 18,423 $ 60,499 $ 66,421 $ 13,642 $ 52,779 Intangible market lease liabilities $ 12,054 $ 2,490 $ 9,564 $ 14,894 $ 3,278 $ 11,616 The remaining weighted average amortization period for the Company’s intangible assets and liabilities as of December 31, 2019, by category and in total, were as follows: Years Remaining In-place leases 9.8 Intangible market lease assets 14.2 Total intangible assets 10.6 Intangible market lease liabilities 17.1 The following table discloses amounts recognized within the consolidated statements of operations related to amortization of in-place leases, amortization and accretion of above- and below-market lease assets and liabilities, net and the amortization and accretion of above- and below-market ground leases for the periods presented: Year ended December 31, (in thousands) 2019 2018 2017 Amortization of in-place leases (1) $ 6,272 $ 6,465 $ 5,461 Amortization (accretion) of market lease intangibles, net (2) 866 780 1,071 Amortization (accretion) of above- and below-market ground lease intangibles, net (3) (333 ) (443 ) (540 ) (1) Reflected within depreciation and amortization expense. (2) Reflected within rental revenue. (3) Reflected within property expenses. The following table provides the projected amortization of in-place lease assets to depreciation and amortization expense and net amortization of above- and below-market lease intangibles to rental revenue for the next five years: (in thousands) 2020 2021 2022 2023 2024 In-place lease assets $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Adjustment to amortization expense $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Above-market lease assets $ (829 ) $ (810 ) $ (809 ) $ (777 ) $ (744 ) Below-market lease liabilities 551 552 552 501 500 Net adjustment to rental revenue $ (278 ) $ (258 ) $ (257 ) $ (276 ) $ (244 ) 3. Investments As of December 31, 2019, the Company had investments in 1,000 properties, including eight developments in progress and one undeveloped land parcel. Of these 1,000 properties, 897 represented owned properties (of which eight were subject to leases accounted for as direct financing leases or loans), 12 represented ground lease interests (of which one building was subject to a lease accounted for as a direct financing lease) and 91 represented properties which secure the Company’s investments in six mortgage loans receivable. The Company’s gross investment portfolio totaled $2.0 billion as of December 31, 2019 and consisted of gross acquisition cost of real estate investments (including transaction costs) totaling $1.9 billion and loans and direct financing lease receivables, net, with an aggregate carrying amount of $92.2 million. As of December 31, 2019, 355 of these investments, comprising $601.3 million of net investments, were assets of consolidated special purpose entity subsidiaries and were pledged as collateral under the non-recourse obligations of the Company’s Master Trust Funding Program (see Note 6—Secured Borrowings). As of December 31, 2018, the Company had investments in 665 properties, including four developments in progress and one undeveloped land parcel, and three mortgage loans receivable secured by 12 additional properties. Of these 665 properties, 652 represented owned properties (of which five were subject to leases accounted for as direct financing leases) and 13 represented ground lease interests (of which one building was subject to a lease accounted for as a direct financing lease). The Company’s gross investment portfolio totaled $1.4 billion as of December 31, 2018 and consisted of gross acquisition cost of real estate investments (including transaction costs) totaling $1.4 billion and loans and direct financing lease receivables, net, with an aggregate carrying amount of $17.5 million. As of December 31, 2018, 347 of these investments comprising $609.2 million of net investments were assets of consolidated special purpose entity subsidiaries and were pledged as collateral under the non-recourse obligations of these special purpose entities (See Note 6—Secured Borrowings). Acquisitions in 2019 During the year ended December 31, 2019, the Company did not have any acquisitions that represented more than 5% of the Company’s total investment activity as of December 31, 2019. The following table presents information about the Company’s acquisition activity during the year ended December 31, 2019: (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 281 Allocation of purchase price: Land and improvements $ 191,311 Building and improvements 370,312 Construction in progress (2) 17,858 Intangible lease assets 18,802 Assets acquired 598,283 Intangible lease liabilities (188 ) Liabilities assumed (188 ) Purchase price (including acquisition costs) $ 598,095 (1) During the year ended December 31, 2019, the Company acquired the fee interest in 279 properties and acquired (2) Represents amounts incurred at and subsequent to acquisition and includes approximately $0.3 million of capitalized interest expense. Acquisitions in 2018 During the year ended December 31, 2019, the Company did not complete any acquisitions that represented more than 5% of its total investment activity as of December 31, 2018. The following table presents information about the Company’s acquisition activity during the year ended December 31, 2018: (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 204 Allocation of purchase price: Land and improvements $ 160,362 Building and improvements 316,894 Construction in progress (2) 15,258 Intangible lease assets 12,227 Assets acquired 504,741 Intangible lease liabilities (1,132 ) Liabilities assumed (1,132 ) Purchase price (including acquisition costs) $ 503,609 (1) During the year ended December 31, 2018, the Company acquired the fee interest in 203 properties and acquired one property subject to a ground lease arrangement. (2) Represents amounts incurred at and subsequent to acquisition and includes $0.2 million of capitalized interest expense. Gross Investment Activity During the years ended December 31, 2019, 2018 and 2017, the Company had the following gross investment activity: (Dollar amounts in thousands) Number of Investment Locations Dollar Amount of Investments Gross investments, December 31, 2016 344 $ 458,667 Acquisitions of and additions to real estate investments 212 535,394 Sales of investments in real estate and direct financing lease receivables (47) (51,120 ) Relinquishment of property at end of ground lease term (1) (542 ) Provisions for impairment of real estate (1) (2,466 ) Principal collections on direct financing lease receivables (79 ) Other (782 ) Gross investments, December 31, 2017 508 $ 939,072 Acquisitions of and additions to real estate investments 204 506,949 Sales of investments in real estate (45) (58,084 ) Relinquishment of properties at end of ground lease term (2) (853 ) Provisions for impairment of real estate (2) (4,543 ) Investments in loans receivable (5) 12 (4) 14,854 Principal collections on direct financing lease receivables (74 ) Other (2,772 ) Gross investments, December 31, 2018 677 $ 1,394,549 Acquisitions of and additions to real estate investments 281 603,677 Sales of investments in real estate (37) (65,571 ) Relinquishment of properties at end of ground lease term (3) (700 ) Provisions for impairment of real estate (3) (2,918 ) Investments in loans receivable 95 94,637 Principal collections on and settlements of loans and direct financing lease receivables (6) (13) (19,958 ) Other (1,402 ) Gross investments, December 31, 2019 2,002,314 Less: Accumulated depreciation and amortization (7) (90,071 ) Net investments, December 31, 2019 1,000 $ 1,912,243 ( 1 ) During the year ended December 31, 2017, the Company identified and recorded provisions for impairment at 6 vacant and 3 tenanted properties. The amount in the table above excludes $0.1 million related to intangible lease liabilities for these assets. ( 2 ) During the year ended December 31, 2018, the Company identified and recorded provisions for impairment at 7 vacant and 14 tenanted properties. The amount in the table above excludes approximately $40,000 related to intangible lease liabilities for these assets. (3) During the year ended December 31, 2019, the Company identified and recorded provisions for impairment at 1 vacant and 7 tenanted properties. (4) Excludes improvements at one property securing a $3.2 million development construction loan as the land at this location is included in acquisitions of and additions to real estate investments for 2018. ( 5 ) Includes $3.5 million of loan receivable made to the purchaser of one real estate property as of December 31, 2018. (6) During the year ended December 31, 2019, the Company acquired 11 properties that had secured three of its loans receivable for an aggregate purchase price of $12.9 million. These loans receivable had a carrying value of $11.6 million prior to their settlement. (7) Includes $71.6 million of accumulated depreciation as of December 31, 2019. Real Estate Investments The Company’s investment properties are leased to tenants under long-term operating leases that typically include one or more renewal options. See Note 11—Leases for more information about the Company’s leases. Loans and Direct Financing Lease Receivables During the years ended December 31, 2019 and 2018, the Company has seven and four loan receivable outstanding, with an aggregate carrying amount of $89.6 million and $14.9 million, respectively. The Company had no loan receivable activity during the year ended December 31, 2017. The maximum amount of loss due to credit risk is our current principal balance of $89.6 million. During the year ended December 31, 2019 the borrowers under four of the Company’s loans receivable, with carrying values of $2.4 million, $5.7 million, $3.5 million and $3.4 million, settled or repaid the loans in full. Additionally, the borrower under one of the Company’s loans receivable, with a maturity date in 2039, made a partial prepayment to the Company of $4.8 million during 2019. The Company also entered into seven arrangements accounted for as loans receivable during the year ended December 31, 2019 with an aggregate carrying value of $89.6 million as of December 31, 2019. The Company’s loans receivable as of December 31, 2019 Number of Secured Principal Balance Outstanding, December 31, Loan Type Monthly Payment Properties Interest Rate Maturity Date 2019 2018 Mortgage (1)(2) Interest only 10.00 % 2021 $ — $ 2,376 Mortgage (1) Interest only 7.55 % 2019 — 5,748 Mortgage (1)(2) Interest only 5.25 % 2019 — 3,500 Mortgage (1)(2) Interest only 2 8.80 % 2039 12,000 — Mortgage (2) Principal + Interest 2 8.10 % 2059 5,125 — Mortgage (1) Interest only 2 8.53 % 2039 7,300 — Mortgage (1) Interest only 69 8.16 % 2034 28,000 — Mortgage (1) Principal + Interest 18 8.05 % 2034 34,604 — Development construction (2)(3) Principal + Interest 8.00 % 2058 — 3,230 Leasehold interest (4) Principal + Interest (4) 10.69 % 2039 1,435 — Leasehold interest (5) Principal + Interest 1 2.25 % 2034 1,164 — Net investment $ 89,628 $ 14,854 (1 ) Loan requires monthly payments of interest only with a balloon payment due at maturity. (2) Loan allows for prepayments in whole or in part without penalty. (3) Loan was secured by a mortgage on the building and improvements at the development property. The Company provided periodic funding to the borrower under this arrangement as construction progressed. (4) This leasehold interest transaction is accounted for as a loan receivable, as the lease for two land parcels contains an option for the lessee to repurchase the leased assets in 2024 or 2025. (5) This leasehold interest transaction is accounted for as a loan receivable, as the lease for one property contains an option for the lessee to repurchase the leased asset in 2034. Scheduled principal payments due to be received under the Company’s loans receivable as of December 31, 2019 are as follows: (in thousands) Loans Receivable 2020 $ 63 2021 77 2022 82 2023 87 2024 92 Thereafter 89,227 Total $ 89,628 As of December 31, 2019 and 2018, the Company had $2.6 million and $2.7 million of net investments accounted for as direct financing lease receivables. The components of the investments accounted for as direct financing lease receivables were as follows: December 31, (in thousands) 2019 2018 Minimum lease payments receivable $ 3,866 $ 4,198 Estimated unguaranteed residual value of leased assets 270 270 Unearned income from leased assets (1,581 ) (1,817 ) Net investment $ 2,555 $ 2,651 Scheduled future minimum non-cancelable base rental payments due to be received under the direct financing lease receivables as of December 31, 2019 are as follows: (in thousands) Future Minimum Base Rental Payments 2020 $ 337 2021 340 2022 345 2023 347 2024 289 Thereafter 2,208 Total $ 3,866 Real Estate Investments Held for Sale The Company continually evaluates its portfolio of real estate investments and may elect to dispose of investments considering criteria including, but not limited to, tenant concentration, tenant credit quality, tenant operation type (e.g., industry, sector or concept), unit-level financial performance, local market conditions and lease rates, associated indebtedness and asset location. Real estate investments held for sale are expected to be sold within twelve months. The following table shows the activity in real estate investments held for sale and intangible lease liabilities held for sale during the years ended December 31, 2019 and 2018. (Dollar amounts in thousands) Number of Properties Real Estate Investments Intangible Lease Liabilities Net Carrying Value Held for sale balance, December 31, 2017 3 $ 4,173 $ (129 ) $ 4,044 Transfers to held for sale classification 12 14,487 (256 ) 14,231 Sales (15 ) (18,660 ) 385 (18,275 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2018 — — — — Transfers to held for sale classification 5 $ 7,450 $ 7,450 Sales (4 ) (6,239 ) — (6,239 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2019 1 $ 1,211 $ — $ 1,211 Significant Concentrations The Company did not have any tenants (including for this purpose, all affiliates of such tenants) whose rental revenue for the years ended December 31, 2019, 2018 or 2017 represented 10% or more of total rental revenue in the Company’s consolidated statements of operations. The following table lists the states where the rental revenue from the properties in that state during the periods presented represented 10% or more of total rental revenue in the Company’s consolidated statements of operations: Year ended December 31, State 2019 2018 2017 Texas 12.4% 12.5% 13.1% Georgia 10.8% 11.5% * Florida * * 10.2% * State's rental revenue was not greater than 10% of total rental revenue for all portfolio properties during the period specified. Intangible Assets and Liabilities Intangible assets and liabilities consisted of the following as of the dates presented: December 31, 2019 December 31, 2018 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 64,828 $ 14,195 $ 50,633 $ 50,317 $ 9,498 $ 40,819 Intangible market lease assets 14,094 4,228 9,866 16,104 4,144 11,960 Total intangible assets $ 78,922 $ 18,423 $ 60,499 $ 66,421 $ 13,642 $ 52,779 Intangible market lease liabilities $ 12,054 $ 2,490 $ 9,564 $ 14,894 $ 3,278 $ 11,616 The remaining weighted average amortization period for the Company’s intangible assets and liabilities as of December 31, 2019, by category and in total, were as follows: Years Remaining In-place leases 9.8 Intangible market lease assets 14.2 Total intangible assets 10.6 Intangible market lease liabilities 17.1 The following table discloses amounts recognized within the consolidated statements of operations related to amortization of in-place leases, amortization and accretion of above- and below-market lease assets and liabilities, net and the amortization and accretion of above- and below-market ground leases for the periods presented: Year ended December 31, (in thousands) 2019 2018 2017 Amortization of in-place leases (1) $ 6,272 $ 6,465 $ 5,461 Amortization (accretion) of market lease intangibles, net (2) 866 780 1,071 Amortization (accretion) of above- and below-market ground lease intangibles, net (3) (333 ) (443 ) (540 ) (1) Reflected within depreciation and amortization expense. (2) Reflected within rental revenue. (3) Reflected within property expenses. The following table provides the projected amortization of in-place lease assets to depreciation and amortization expense and net amortization of above- and below-market lease intangibles to rental revenue for the next five years: (in thousands) 2020 2021 2022 2023 2024 In-place lease assets $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Adjustment to amortization expense $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Above-market lease assets $ (829 ) $ (810 ) $ (809 ) $ (777 ) $ (744 ) Below-market lease liabilities 551 552 552 501 500 Net adjustment to rental revenue $ (278 ) $ (258 ) $ (257 ) $ (276 ) $ (244 ) |
Credit Facilities
Credit Facilities | 12 Months Ended |
Dec. 31, 2019 | |
Line Of Credit Facility [Abstract] | |
Credit Facilities | 4. Credit Facilities On June 25, 2018, the Company, through the Operating Partnership, entered into a revolving credit agreement with a group of lenders for a four-year, senior unsecured revolving credit facility (the “2018 Credit Facility”) with aggregate revolving credit commitments of $300.0 million. The 2018 Credit Facility had a term of four years, with an extension option of up to one year exercisable by the Operating Partnership, subject to certain conditions, and initially bore interest at (i) (ii) the prime rate plus an applicable margin. The 2018 Credit Facility provided an accordion feature to increase, subject to certain conditions, the maximum availability of the 2018 Credit Facility by up to an additional On April 12, 2019, the Company, through the Operating Partnership, entered into a restated credit agreement (the “Amended Credit Agreement”) with a group of lenders, amending and The Revolving Credit Facility has a term of four years from April 12, 2019, with an extension option of up to one year exercisable by the Operating Partnership, subject to certain conditions, and the April 2019 Term Loan has a term of five years from the effective date of the amended agreement. The loans under each of the Revolving Credit Facility and the April 2019 Term Loan initially bear interest at an annual rate of applicable LIBOR plus the applicable margin (which applicable margin varies between the Revolving Credit Facility and the April 2019 Term Loan). The applicable LIBOR is the rate with a term equivalent to the interest period applicable to the relevant borrowing. The applicable margin initially is a spread set according to a leverage-based pricing grid. At the Operating Partnership’s election, on and after receipt of an investment grade corporate credit rating from Standard & Poor’s (“S&P”) or Moody’s Investors Services, Inc. (“Moody’s”), the applicable margin will be a spread set according to the Company’s corporate credit ratings provided by S&P and/or Moody’s. The Revolving Credit Facility and the April 2019 Term Loan are freely pre-payable at any time and the Revolving Credit Facility is mandatorily payable if borrowings exceed the borrowing base or the facility limit. The Operating Partnership may re-borrow amounts paid down on the Revolving Credit Facility but not on the April 2019 Term Loan. The Operating Partnership is required to pay revolving credit fees throughout the term of the Revolving Credit Agreement based upon its usage of the Revolving Credit Facility, at a rate which depends on its usage of such facility during the period before the Company receives an investment grade corporate credit rating from S&P or Moody’s, and which rate shall be based on the corporate credit rating from S&P and/or Moody’s after the time, if applicable, the Company receives such a rating. The Operating Partnership was required to pay a ticking fee on the April 2019 Term Loan for the period from April 12, 2019 through May 14, 2019, the date the term loans were drawn. The Amended Credit Agreement has an accordion feature to increase, subject to certain conditions, the maximum availability of credit (either through increased revolving commitments or additional term loans) by up to $200 million. Additionally, on November 22, 2019, the Company further amended the Amended Credit Agreement to update certain terms to be consistent with those as described under, and to acknowledge, where applicable, the November 2019 Term Loan (as defined below) and to make certain other changes to the Amended Credit Agreement consistent with market practice on future replacement of the LIBOR rate and qualified financial contracts. The Operating Partnership is the borrower under the Amended Credit Agreement and the Company and each of its subsidiaries that owns a direct or indirect interest in an eligible real property asset are guarantors under the Amended Credit Agreement. Under the terms of the Amended Credit Agreement, the Company is subject to various restrictive financial and nonfinancial covenants which, among other things, require the Company to maintain certain leverage ratios, cash flow and debt service coverage ratios, secured borrowing ratios and a minimum level of tangible net worth. The Amended Credit Agreement also restricts the Company’s ability to pay distributions to its stockholders under certain circumstances. However, the Company may make distributions to the extent necessary to maintain its qualification as a REIT under the Internal Revenue Code of 1986, as amended. The Amended Credit Agreement contains certain additional covenants that, subject to exceptions, limit or restrict the Company’s incurrence of indebtedness and liens, disposition of assets, transactions with affiliates, mergers and fundamental changes, modification of organizational documents, changes to fiscal periods, making of investments, negative pledge clauses and lines of business and REIT qualification. The Company was in compliance with all financial covenants and was not in default of any other provisions under the Amended Credit Agreement and the 2018 Credit Facility as of December 31, 2019 and 2018, respectively. November 2019 Term Loan On November 26, 2019, the Company, through the Operating Partnership, entered into a new $430 million term loan credit facility (the “November 2019 Term Loan”) with a group of lenders. The November 2019 Term Loan provides for term loans to be drawn up to an aggregate amount of $430 million with a maturity of November 26, 2026. The loans under the November 2019 Term Loan are available to be drawn in up to three draws during the six-month period beginning on November 26, 2019. On December 9, 2019, the Company borrowed $250.0 million under the November 2019 Term Loan. Borrowings under the November 2019 Term Loan bear interest at an annual rate of applicable LIBOR plus the applicable margin. The applicable LIBOR will be the rate with a term equivalent to the interest period applicable to the relevant borrowing. The applicable margin will initially be a spread set according to a leverage-based pricing grid. At the Operating Partnership’s irrevocable election, on and after receipt of an investment grade corporate credit rating from S&P or Moody’s, the applicable margin will be a spread set according to the Company’s corporate credit ratings provided by S&P and/or Moody’s. The November 2019 Term Loan is pre-payable at any time by the Operating Partnership (as borrower), provided, that if the loans under the November 2019 Term Loan are repaid on or before November 26, 2020, they are subject to a two percent prepayment premium, and if repaid thereafter but on or before November 26, 2021, they are subject to a one percent prepayment premium. After November 26, 2021 the loans may be repaid without penalty. The Operating Partnership may not re-borrow amounts paid down on the November 2019 Term Loan. The Operating Partnership is required to pay a ticking fee on any undrawn portion of the November 2019 Term Loan for the period from and including the 91st day after November 26, 2019 until the earlier of the date the initial term loans are fully drawn or May 26, 2020. The November 2019 Term Loan has an accordion feature to increase, subject to certain conditions, the maximum availability of the facility up to an aggregate of $500 million. The Operating Partnership is the borrower under the November 2019 Term Loan, and the Company and each of its subsidiaries that owns a direct or indirect interest in an eligible real property asset are guarantors under the facility. Under the terms of the November 2019 Term Loan, the Company is subject to various restrictive financial and nonfinancial covenants which, among other things, require the Company to maintain certain leverage ratios, cash flow and debt service coverage ratios, secured borrowing ratios and a minimum level of tangible net worth. Additionally, the November 2019 Term Loan restricts the Company’s ability to pay distributions to its stockholders under certain circumstances. However, the Company may make distributions to the extent necessary to maintain its qualification as a REIT under the Internal Revenue Code of 1986, as amended. The facility contains certain covenants that, subject to exceptions, limit or restrict the Company’s incurrence of indebtedness and liens, disposition of assets, transactions with affiliates, mergers and fundamental changes, modification of organizational documents, changes to fiscal periods, making of investments, negative pledge clauses and lines of business and REIT qualification. The Company was in compliance with all financial covenants and was not in default of any other provisions under the November 2019 Term Loan as of December 31, 2019. Revolving Credit Facility The following table presents information about the Revolving Credit Facility and the 2018 Credit Facility for the years ended December 31, 2019 and 2018: (in thousands) 2019 2018 Balance on January 1, $ 34,000 $ — Borrowings 459,000 34,000 Repayments (447,000 ) — Balance on December 31, $ 46,000 $ 34,000 Total deferred financing costs, net, of $3.5 million and $3.0 million related to the Revolving Credit Facility and the 2018 Credit Facility were included within prepaid expenses and other assets, net on the Company’s consolidated balance sheets as of December 31, 2019 and 2018, respectively. The Company recorded $1.1 million and $0.5 million, respectively, to interest expense during the years ended December 31, 2019 and 2018 related to amortization of these deferred financing costs Additionally, t he Company recorded $3.4 million and $0.4 million of interest expense on borrowings and unused facility fees during the year ended December 31, 2019 and 2018, respectively, related to the Revolving Credit Facility and the 2018 Credit Facility. The weighted average interest rate in effect on the Company’s borrowings under the Revolving Credit Facility and the 2018 Credit Facility as of December 31, 2019 and 2018 was 3.06% and 5.95%, respectively. As of December 31, 2019 and 2018, the Company had $354.0 million and $266.0 million of unused borrowing capacity under the Revolving Credit Facility and the 2018 Credit Facility, respectively. Term Loan Facilities On May 14, 2019, the Company borrowed the entire $200.0 million available under the April 2019 Term Loan and used the entire proceeds to repurchase, in part, notes previously issued under its Master Trust Funding Program. On December 9, 2019, the Company borrowed $250.0 million of the $430.0 million available under the November 2019 Term Loan and used the proceeds to voluntarily prepay $70.4 million of the Series 2016-1 Notes at par and to repay amounts outstanding under the Revolving Credit Facility. See Note 6—Secured Borrowings for additional information. Total deferred financing costs, net, of $4.4 million related to the Company’s term loan facilities are included as a component of unsecured term loans, net of deferred financing costs on the Company’s consolidated balance sheet as of December 31, 2019. The Company recorded $0.2 million to interest expense during the year ended December 31, 2019 related to the amortization of these fees and direct costs of its term loan facilities. During the year ended December 31, 2019, the Company recorded $5.1 million of cash interest expense, respectively, The variable interest rates in effect on the Company’s borrowings under the April 2019 Term Loan and November 2019 Term Loan as of December 31, 2019 were 3.00% and 3.22%, respectively. The Company fixed the interest rates on its term loan facilities’ variable-rate debt through the use of interest rate agreements. . |
Derivative and Hedging Activiti
Derivative and Hedging Activities | 12 Months Ended |
Dec. 31, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative and Hedging Activities | 5. Derivative and Hedging Activities The Company does not enter into derivative financial instruments for speculative or trading purposes. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. These derivatives are considered cash flow hedges and are recorded on a gross basis at fair value. Subsequent to the adoption of ASU 2017-12, assessments of hedge effectiveness are performed quarterly using either a qualitative or quantitative approach. The Company recognizes the entire change in the fair value in accumulated other comprehensive income (loss) and the change is reflected as derivative changes in fair value in the supplemental disclosures of non-cash financing activities in the consolidated statement of cash flows. The amounts recorded in accumulated other comprehensive income (loss) will subsequently be reclassified to interest expense as interest payments are made on the Company’s borrowings under its variable-rate term loan facilities. During the next twelve months, the Company estimates that $0.9 million will be reclassified from other comprehensive income as an increase to interest expense. The Company does not have netting arrangements related to its derivatives. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that any of the counterparties will fail to meet their obligations. As of December 31, 2019, there were no events of default related to the interest rate swaps. The following table summarizes the notional amount at inception and fair value of these instruments on the Company's balance sheet as of December 31, 2019 (dollar amounts in thousands): Derivatives Designated as Hedging Instruments Fixed Rate Paid by Company Variable Rate Paid by Bank Effective Date Maturity Date Notional Value (1) Fair Value of Asset/ (Liability) (2) (3) Interest Rate Swap 2.06% 1 month LIBOR 5/14/2019 4/12/2024 $ 100,000 $ (1,996 ) Interest Rate Swap 2.06% 1 month LIBOR 5/14/2019 4/12/2024 50,000 (999 ) Interest Rate Swap 2.07% 1 month LIBOR 5/14/2019 4/12/2024 50,000 (1,005 ) Interest Rate Swap 1.61% 1 month LIBOR 12/9/2019 11/26/2026 175,000 758 Interest Rate Swap 1.61% 1 month LIBOR 12/9/2019 11/26/2026 50,000 210 Interest Rate Swap 1.60% 1 month LIBOR 12/9/2019 11/26/2026 25,000 127 $ 450,000 $ (2,905 ) (1) Notional value indicates the extent of the Company’s involvement in these instruments, but does not represent exposure to credit, interest rate or market risks. ( 2 ) Derivatives in a liability position are included within accrued liabilities and other payables in the Company’s consolidated balance sheets totaling to $4.0 million. (3) Derivatives in an asset position are included within prepaid expenses and other assets in the Company’s consolidated balance sheets totaling to $1.1 million. During the year ended December 31, 2019, the Company recorded a loss on the change in the fair value of its interest rate swaps of $0.1 million, which is included in interest expense in the Company’s consolidated statements of operations. The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. As of December 31, 2019, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $4.1 million. As of December 31, 2019, the fair value of derivatives in a net asset position was including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $1.0 million. As of December 31, 2019, the Company had not posted any collateral related to these agreements and was not in breach of any provisions of such agreements. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value of $3.1 million as of December 31, 2019. |
Secured Borrowings
Secured Borrowings | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Secured Borrowings | 6. Secured Borrowings In the normal course of business, the Company transfers financial assets in various transactions with Special Purpose Entities (“SPE”) determined to be VIEs, which primarily consist of securitization trusts established for a limited purpose (the “Master Trust Funding Program”). These SPEs are formed for the purpose of securitization transactions in which the Company transfers assets to an SPE, which then issues to investors various forms of debt obligations supported by those assets. In these securitization transactions, the Company typically receives cash from the SPE as proceeds for the transferred assets and retains the rights and obligations to service the transferred assets in accordance with servicing guidelines. All debt obligations issued from the SPEs are non-recourse to the Company. In accordance with the accounting guidance for asset transfers, the Company considers any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheets. For transactions that do not meet the requirements for derecognition and remain on the consolidated balance sheets, the transferred assets may not be pledged or exchanged by the Company. The Company evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Company is the primary beneficiary and, therefore, should consolidate the entity based on the variable interests it held both at inception and when there was a change in circumstances that required a reconsideration. The Company has determined that the SPEs created in connection with its Master Trust Funding Program should be consolidated as the Company is the primary beneficiary of each of these entities. In December 2016, the Company issued its first series of notes under the Master Trust Funding Program, consisting of $263.5 million of Class A Notes and $17.3 million of Class B Notes (together, the “Series 2016-1 Notes”). These notes were issued to an affiliate of Eldridge Industries, LLC (“Eldridge”) through underwriting agents. The Series 2016-1 Notes were issued by two SPEs formed to hold assets and issue the secured borrowings associated with the securitization. In July 2017, the Company issued its second series of notes under the Master Trust Funding Program, consisting of $232.4 million of Class A Notes and $15.7 million of Class B Notes (together, the “Series 2017-1 Notes”). Of these notes, $75.1 million of the Class A Notes and all of the Class B Notes were issued to an affiliate of Eldridge through underwriting agents. The Series 2017-1 Notes were issued by three SPEs formed to hold assets and issue the secured borrowings associated with the securitization. Tenant rentals received on assets transferred to SPEs under the Master Trust Funding Program are sent to the trustee and used to pay monthly principal and interest payments. The Series 2016-1 Notes were scheduled to mature in November 2046, but the terms of the Class A Notes required principal to be paid monthly through November 2021, with a balloon repayment at that time, and the terms of the Class B Notes required no monthly principal payments but required the full principal balance to be paid in November 2021. The Series 2017-1 Notes mature in June 2047, but the terms of the Class A Notes require principal to be paid monthly through June 2024, with a balloon repayment at that time, and the terms of the Class B Notes require no monthly principal payments but require the full principal balance to be paid in June 2024. The Series 2017-1 Notes contain interest rate escalation provisions if these repayment schedules are not met. The Series 2017-1 Notes may be voluntarily prepaid, in whole or in part, at any time on or after the date that is 31 months prior to the anticipated repayment date in June 2024 without the payment of a make whole amount. Voluntary prepayments may be made before 31 months prior to the anticipated repayment date but may be subject to the payment of a make whole amount. In May 2019, the Company repurchased a portion of its Class A Series 2016-1 Notes with a face value of $200 million for $201.4 million from an affiliate of Eldridge. The Company accounted for the repurchase as a debt extinguishment and recorded a loss on repurchase of $4.4 million, including the write-off of unamortized deferred financing costs. On November 12, 2019, the Company cancelled all $200 million of these repurchased Class A Series 2016-1 Notes. In November 2019, the Company voluntarily prepaid all $70.4 million of the then outstanding Series 2016-1 Notes (consisting of the remaining $53.2 million Class A Series 2016-1 Notes and $17.2 million Class B Series 2016-1 Notes) at par plus accrued interest pursuant to the terms of the agreements related to such securities. The Company accounted for this prepayment as a debt extinguishment and recorded a loss on retirement of $0.8 million due to the write-off of unamortized deferred financing costs. As of December 31, 2019 and 2018, the Company had $239.1 million and $515.1 million, respectively, of combined principal outstanding under the notes issued through its Master Trust Funding Program. Total deferred financing costs, net, of $3.8 million and $9.0 million related to the Master Trust Funding Program were included within secured borrowings, net of deferred financing costs on the Company’s consolidated balance sheets as of December 31, 2019 and 2018. The Company recorded $1.5 million, $2.3 million and $1.9 million to interest expense during the , related to the amortization of these costs During the years ended December 31, 2019, 2018 and 2017, the Company recorded $16.3 million, $22.6 million and $17.4 million, respectively, of interest expense on borrowings under the Master Trust Funding Program. The Company’s secured borrowings issued under the Master Trust Funding Program bear interest at a weighted average interest rate of 4.17% as of December 31, 2019. The following table summarizes the scheduled principal payments on the Company’s secured borrowings under the Master Trust Funding Program as of December 31, 2019: (in thousands) Future Principal Payments 2020 $ 3,885 2021 4,083 2022 4,292 2023 4,512 2024 222,330 Total $ 239,102 The Company was not in default of any provisions under the Master Trust Funding Program a s of December 31, 2019 and 2018 . |
Notes Payable to Related Partie
Notes Payable to Related Parties | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Notes Payable to Related Parties | 7. Notes Payable to Related Parties Until the completion of the IPO, the Company had a secured warehouse line of credit with an affiliate of Eldridge through which it issued short-term notes (the “Warehouse Notes”) and used the proceeds to acquire investments in real estate. The Warehouse Notes accrued interest at a rate equal to LIBOR plus a spread of between 2.14% and 2.76% and matured within one year of the date of issuance. During the year ended December 31, 2017, the Company issued 33 short-term Warehouse Notes for a combined $523.0 million and separately issued one additional short-term note for $20.0 million payable to a different affiliate of Eldridge. The $20.0 million short-term note accrued interest at a rate of 8.0%. During the year ended December 31, 2017, the Company repaid 14 of the Warehouse Notes and the $20.0 million short-term note at or prior to maturity. During the year ended December 31, 2018, the Company issued 20 Warehouse Notes for a combined $154.0 million. On January 31, 2018, the Company made principal payments on the Warehouse Notes of $50.0 million, repaying three of the Warehouse Notes in full and one of the Warehouse Notes in part, prior to maturity. On June 25, 2018, the Company used a portion of the net proceeds from the IPO and the Concurrent Private Placement to repay all 36 of the then outstanding Warehouse Notes, with an aggregate outstanding principal amount of $334.0 million, in full, prior to maturity, and had no amounts outstanding related to the Warehouse Notes as of December 31, 2019 and 2018. The following table presents the activity related to the Company’s notes payable to related parties for the years ended December 31, 2019, 2018 and 2017: (in thousands) Warehouse Notes Other Short- term Note Total Outstanding, January 1, 2017 $ — $ — $ — Borrowings 523,000 20,000 543,000 Repayments (293,000 ) (20,000 ) (313,000 ) Outstanding, December 31, 2017 230,000 — 230,000 Borrowings 154,000 — 154,000 Repayments (384,000 ) — (384,000 ) Outstanding, December 31, 2018 — — — Borrowings — — — Repayments — — — Outstanding, December 31, 2019 $ — $ — $ — During the years ended December 31, 2018 and 2017, the Company incurred $4.6 million and $3.5 million of interest expense related to these notes payable to related parties. No from notes payable to related parties was incurred during the year ended December 31, 2019. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2019 | |
Equity [Abstract] | |
Equity | 8. Equity Stockholders’ Equity On June 25, 2018, EPRT Inc. completed the IPO and issued 32,500,000 shares of its common stock at an initial public offering price of $14.00 per share, pursuant to a registration statement on Form S-11 (File No. 333-225215), filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”). Prior to the completion of the IPO, a number of formation transactions (the “Formation Transactions”) took place that were designed to facilitate the completion of the IPO. Among other things, on June 20, 2018, Essential Properties Realty Trust LLC (“EPRT LLC”) converted from a Delaware limited liability company into a Delaware limited partnership, changed its name to Essential Properties, L.P. (the “Operating Partnership”) and became the subsidiary through which EPRT Inc. holds substantially all of its assets and conducts its operations. Prior to the completion of the Formation Transactions, EPRT LLC was a wholly owned subsidiary of EPRT Holdings LLC (“EPRT Holdings” and, together with EPRT LLC, the “Predecessor”), and EPRT Holdings received 17,913,592 units of limited partnership interest in the Operating Partnership (“OP Units”) in connection with EPRT LLC’s conversion into a Delaware limited partnership. Essential Properties OP G.P., LLC, a wholly owned subsidiary of EPRT Inc., became the sole general partner of the Operating Partnership. The Formation Transactions were accounted for as a reorganization of entities under common control in the consolidated financial statements and the assets and liabilities of the Predecessor were recorded by EPRT Inc. at their historical carrying amounts. Concurrently with the completion of the IPO, EPRT Inc. received an additional $125.0 million investment from an affiliate of Eldridge Industries, LLC (“Eldridge”) in private placements (the “Concurrent Private Placement”) of 7,785,611 shares of its common stock and 1,142,960 OP Units at a price per share/unit of $14.00. The issuance and sale of the shares and OP Units in the Concurrent Private Placement were made pursuant to private placement purchase agreements and there were no underwriting discounts or commissions associated with the sales. As part of the IPO, the underwriters of the IPO were granted an option to purchase up to an additional 4,875,000 shares of EPRT Inc.’s common stock at the IPO price of $14.00 per share, less underwriting discounts and commissions. On July 20, 2018, the underwriters of the IPO exercised this option in part, and on July 24, 2018, the Company issued an additional 2,772,191 shares of common stock. The net proceeds to EPRT Inc. from the IPO (including the purchase of additional shares pursuant to the underwriters’ option) and the Concurrent Private Placement, after deducting underwriting discounts and commissions and other expenses, were $583.7 million. On June 25, 2018, EPRT Inc. issued 691,290 shares of restricted On March 18, 2019, EPRT Inc. completed a follow-on public offering (the “Follow-On Offering”) of 14,030,000 shares of its common stock, including 1,830,000 shares of common stock purchased by the underwriters pursuant to an option to purchase additional shares, at an offering price of $17.50 per share, pursuant to a registration statement on Form S-11 (File Nos. 333-230188 and 333-230252) filed with the SEC under the Securities Act. N et proceeds from the Follow-On Offering, after deducting underwriting discounts and commissions and other expenses, were $234.6 million. On July 22, 2019, EPRT Holdings and Security Benefit Life Insurance Company (together, the “Selling Stockholders”), affiliates of Eldridge, completed a secondary public offering (the “Secondary Offering”) of 26,288,316 shares of the Company’s common stock, including 3,428,910 shares of common stock purchased by the underwriters pursuant to an option to purchase additional shares. Prior to completion of the Secondary Offering, the Selling Stockholders exchanged 18,502,705 OP Units of the Operating Partnership for a like number of shares of the Company’s common stock. The Company did not receive any proceeds from this transaction. At the Market Program In August 2019, the Company established an “at the market” common equity distribution program (“ATM Program”), through which the Company may, from time to time, publicly offer and sell shares of its common stock having an aggregate gross sales price of up to $200 million. During the year ended December 31, 2019, the Company sold 7,432,986 shares of its common stock under the ATM Program, at a weighted average price per share of $23.97, raising $178.2 million in gross proceeds. N Dividends on Common Stock During the year ended December 31, 2019 and the period from June 25, 2018 to December 31, 2018, the Company’s board of directors declared the following quarterly cash dividends on common stock: Date Declared Record Date Date Paid Dividend per Share of Common Stock Total Dividend (dollars in thousands) December 6, 2019 December 31, 2019 January 15, 2020 $ 0.23 $ 19,268 September 6, 2019 September 30, 2019 October 15, 2019 $ 0.22 $ 17,531 June 5, 2019 June 28, 2019 July 15, 2019 $ 0.22 $ 12,725 March 7, 2019 March 29, 2019 April 16, 2019 $ 0.21 $ 12,143 December 7, 2018 December 31, 2018 January 14, 2019 $ 0.21 $ 9,187 August 29, 2018 September 28, 2018 October 12, 2018 $ 0.224 $ 9,800 The Company has determined that, during the year ended December 31, 2019 and the period from June 25, 2018 to December 31, 2018, approximately Members’ Equity EPRT LLC was capitalized by the SCF Funding LLC (the “Parent”) through direct and indirect capital contributions. In January 2017, the Parent made indirect capital contributions of $17.3 million. In these indirect capital contributions, the Parent made direct cash payments to sellers of real estate investments acquired by EPRT LLC. On January 31, 2017, in exchange for Class A units of EPRT LLC, Stonebriar Holdings LLC (“Stonebriar Holdings”) made a direct equity contribution of $80.0 million and certain members of EPRT LLC’s management and board of managers made direct equity contributions of $3.7 million. Concurrently, EPRT LLC issued Class C units to the Parent in exchange for the Parent’s retention of an equity investment in EPRT LLC of $91.5 million. The Class A and Class C units were issued at $1,000 per unit and both classes contained liquidation preferences equal to the per unit value of $1,000 plus 8% per annum compounded quarterly. Additionally, on January 31, 2017, EPRT LLC approved and issued unvested Class B units to members of EPRT Management and a member of EPRT LLC’s board of managers and approved and issued unvested Class D units to members of EPRT LLC’s board of managers and external unitholders. See Note 10 – Equity Based Compensation for additional information. Pursuant to the EPRT LLC Operating Agreement, distributions to unitholders were to be made in the following order and priority: • First, to the holders of Class A and Class C units until each holder of these units has first received an amount equal to each class’ yield, as defined in the EPRT LLC Operating Agreement, and then until each holder of these units has received an amount equal to each class’ aggregate unreturned class contributions; • Next, to the holders of Class B and Class D units in an aggregate amount based on a return threshold defined in the EPRT LLC Operating Agreement for each class of units; • Then, to the holders of Class B and Class D units in an aggregate amount equal to each class’ unit percentage of distributions, as defined in the EPRT LLC Operating Agreement; and • Lastly, any remaining amounts to the holders of Class A and Class C units. Pursuant to the EPRT LLC Operating Agreement, EPRT LLC’s net income or loss was allocated to the holders of the Class A, B, C and D units in a similar manner as the distribution allocation outlined above. On December 31, 2017, EPRT LLC reorganized (the “EPRT LLC Reorganization”) and the holders of the Class A, Class B, Class C and Class D units contributed all of their interests in EPRT LLC to EPRT Holdings, in exchange for interests in EPRT Holdings with the same rights as the interests they held in EPRT LLC. As of such date, EPRT LLC became a wholly owned subsidiary of EPRT Holdings. Additionally, EPRT Holdings issued a new grant of 500 unvested Class B units to a member of EPRT LLC’s management on the same date. On January 31, 2018, Stonebriar Holdings LLC made a $50.0 million direct equity contribution to EPRT Holdings. EPRT Holdings used these proceeds to repay $50.0 million of outstanding principal on the Warehouse Notes. |
Non-controlling Interests
Non-controlling Interests | 12 Months Ended |
Dec. 31, 2019 | |
Noncontrolling Interest [Abstract] | |
Non-controlling Interests | 9. Non-controlling Interests Essential Properties OP G.P., LLC, a wholly owned subsidiary of the Company, is the sole general partner of the Operating Partnership and holds a 1.0% general partner interest in the Operating Partnership. The Company contributes the net proceeds from issuing shares of common stock to the Operating Partnership in exchange for a number of OP Units equal to the number of shares of common stock issued. Prior to completion of the Secondary Offering, the Selling Stockholders exchanged 18,502,705 OP Units of the Operating Partnership for a like number of shares of the Company’s common stock. Concurrently, EPRT Holdings, one of the Selling Stockholders, distributed the remaining 553,847 OP Units it held to former members of EPRT Holdings (the “Non-controlling OP Unit Holders”). The Selling Stockholders thereafter sold all of the shares of common stock that they owned through the Secondary Offering and accordingly no longer owned shares of the Company’s common stock or held OP Units following the completion of the Secondary Offering. As of December 31, 2019, the Company held 83,761,151 OP Units, representing a 98.3% limited partner interest in the Operating Partnership. As of the same date, the Non-controlling OP Unit Holders held 553,847 OP Units in the aggregate, representing a 0.7% limited partner interest in the Operating Partnership. As of December 31, 2018, the Company held 43,749,092 OP Units, representing a 68.7% limited partner interest in the Operating Partnership. As of the same date, EPRT Holdings and Eldridge directly or indirectly held 17,913,592 and 1,142,960 OP Units, representing 28.5% and 1.8% limited partner interests in the Operating Partnership, respectively. The OP Units held by EPRT Holdings and Eldridge prior to the completion of the Secondary Offering and the OP Units held by the Non-controlling OP Unit Holders are presented as non-controlling interests in the Company’s consolidated financial statements. A holder of OP Units has the right to distributions per unit equal to dividends per share paid on the Company’s common stock and has the right to redeem OP Units for cash or, at the Company’s election, shares of the Company's common stock on a one-for-one basis, provided, however, that such OP Units must have been outstanding for at least one year. During the years ended December 31, 2019 and 2018, the Company declared total cash dividends of $0.88 and $0.434 per share of common stock, respectively. Distributions to OP Unit holders were declared and paid concurrently with the Company’s cash dividends to common stockholders. |
Equity Based Compensation
Equity Based Compensation | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Compensation Related Costs Equity Based Payments [Abstract] | |
Equity Based Compensation | 10. Equity Based Compensation 2018 Incentive Plan Effective immediately prior to the closing of the IPO, the Company adopted the Equity Incentive Plan, which provides for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, other stock awards, performance awards and LTIP units. Officers, employees, non-employee directors, consultants, independent contractors and agents who provide services to the Company or to any subsidiary of the Company are eligible to receive such awards. A maximum of 3,550,000 shares may be issued under the Equity Incentive Plan, subject to certain conditions. On June 22, 2018, the Company registered 3,550,000 shares of common stock, reserved for issuance under the Equity Incentive Plan, pursuant to a registration statement on Form S-8 (File No. 333-225837), filed with the SEC under the Securities Act. Restricted Stock Awards On June 25, 2018, an aggregate of 691,290 shares of unvested restricted common stock awards (“RSAs”) were issued to the Company’s directors, executive officers and other employees under the Equity Incentive Plan. These RSAs vest over periods ranging from one to three years from the date of grant, subject to the individual recipient’s continued provision of service to the Company through the applicable vesting dates. In January 2019, an aggregate of 46,368 shares of unvested RSAs were issued to the Company’s executive officers, other employees and an external consultant under the Equity Incentive Plan. These RSAs vest over periods ranging from one to four years from the date of grant, subject to the individual recipient’s continued provision of service to the Company through the applicable vesting dates. The Company estimates the grant date fair value of the unvested RSAs granted under the Equity Incentive Plan using the average market price of the Company’s common stock on the date of grant. The following table presents information about the Company’s RSAs for the periods presented: Year ended December 31, (in thousands) 2019 2018 Compensation cost recognized in general and administrative expense $ 3,394 $ 1,692 Dividends declared on unvested RSAs and charged directly to distributions in excess of cumulative earnings 486 300 Fair value of shares vested during the period 3,354 — The following table presents information about the Company’s RSAs as of the dates presented: December 31, (Dollars in thousands) 2019 2018 Total unrecognized compensation cost $ 5,026 $ 7,764 Weighted average period over which compensation cost will be recognized (in years) 1.6 2.5 Restricted Stock Units In January 2019 of the Company’s board of directors Company’s executive officers under the Equity Incentive Plan Of these awards, 75% are non-vested RSUs for which vesting percentages and the ultimate number of units vesting will be calculated based on the total shareholder return (“TSR”) of the Company's common stock as compared to the TSR of 11 peer companies. The payout schedule can produce vesting percentages ranging from 0% to 250%. TSR will be calculated based upon the average closing price for the 20-trading day period ending December 31, 2021, divided by the average closing price for the 20-trading day period ended January 1, 2019. The target number of units is based on achieving a TSR equal to the 50th percentile of the peer group. The Company recorded expense on these TSR RSUs based on achieving the target The grant date fair value of the TSR RSUs was measured using a Monte Carlo simulation model based on the following assumptions: Volatility 18 % Risk-free rate 2.57 % The remaining 25% of these performance-based RSUs vest based on the Compensation Committee’s subjective evaluation of the individual recipient’s achievement of certain strategic objectives. As of December 31, 2019, t he Compensation Committee had not identified specific performance targets relating to the . As such, these awards do not have either a service inception or a grant date for GAAP accounting purposes and the Company recorded no compensation cost with respect to this portion of the RSUs during the year ended December 31, 2019. In June 2019, the Compensation Committee of the Company’s board of directors approved a grant of 11,500 RSUs to the Company’s independent directors. These awards vest in full on the earlier of one year from the grant date or the first annual meeting of stockholders that occurs after the grant date, subject to the individual recipient’s continued provision of service to the Company through the applicable vesting date. The Company estimated the grant date fair value of these RSUs using the average market price of the Company’s common stock on the date of grant. The following table presents information about the Company’s RSUs for the period presented: (in thousands) Year ended December 31, 2019 Compensation cost recognized in general and administrative expense $ 714 Dividend equivalents declared and charged directly to distributions in excess of cumulative earnings 8 Fair value of units vested during the period — The following table presents information about the Company’s RSUs as of the date presented: (Dollars in thousands) December 31, 2019 Total unrecognized compensation cost $ 1,584 Weighted average period over which compensation cost will be recognized (in years) 2.4 The following table presents information about the Company’s RSA and RSU activity during the years ended December 31, 2019 and 2018: Restricted Stock Awards Restricted Stock Units Shares Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Unvested, January 1, 2018 — — — — Granted 691,290 13.68 — — Vested — — — — Forfeited — — — — Unvested, December 31, 2018 691,290 13.68 — — Granted 46,368 14.12 100,814 22.80 Vested (244,957 ) 13.69 — — Forfeited — — — — Unvested, December 31, 2019 492,701 13.72 100,814 22.80 Unit-Based Compensation On January 31, 2017, EPRT LLC approved the issuance of Class B and Class D units and issued 8,050 unvested Class B units to members of EPRT Management and a member of EPRT LLC’s board of managers and issued 3,000 unvested Class D units to members of EPRT LLC’s board of managers and external unitholders. The Class B and Class D units were scheduled to vest in five equal installments beginning on March 30, 2017 and continuing on each anniversary thereof through March 30, 2021. On December 31, 2017, in the EPRT LLC Reorganization, the holders of Class B and Class D units contributed all of their interests in EPRT LLC to EPRT Holdings in exchange for interests in EPRT Holdings with the same rights as the interests they held in EPRT LLC. The EPRT LLC units were exchanged on a one-for-one basis for equivalent units in EPRT Holdings with the same vesting conditions, distribution rights, priority and income allocation rights, among others. Additionally, EPRT Holdings issued a new grant of 500 unvested Class B units to a member of EPRT Management on the same date. The Class B units granted on December 31, 2017 were scheduled to vest in five equal installments beginning on May 1, 2018 and continuing on each anniversary thereof through May 1, 2022. Following the completion of the Formation Transactions, the Class B and Class D unitholders continued to hold vested and unvested interests in EPRT Holdings and, indirectly, the OP Units held by EPRT Holdings. On July 22, 2019, in conjunction with the completion of the Secondary Offering, 3,520 previously unvested Class B units and 1,200 previously unvested Class D units in EPRT Holdings automatically vested in accordance with the terms of the grant agreements, which represented all of the remaining outstanding unvested Class B and Class D units. Due to this accelerated vesting, the Company recorded all remaining unrecognized compensation cost on the Class B and Class D units to general and administrative expenses in its consolidated statements of operations during the year ended December 31, 2019. The following table presents information about the unvested Class B and Class D units during the years ended December 31, 2019, 2018 and 2017: Class B Units Class D Units Total Unvested, January 1, 2017 — — — Granted 8,550 3,000 11,550 Vested (1,610 ) (600 ) (2,210 ) Forfeited — — — Unvested, December 31, 2017 6,940 2,400 9,340 Granted — — — Vested (1,710 ) (600 ) (2,310 ) Forfeited — — — Unvested, December 31, 2018 5,230 1,800 7,030 Granted — — — Vested (5,230 ) (1,800 ) (7,030 ) Forfeited — — — Unvested, December 31, 2019 — — — The Company estimated the grant date fair value of the unvested Class B and Class D awards granted to employees on January 31, 2017 and the fair value of the Class D awards granted to non-employees as of July 1, 2018 and December 31, 2017 using a Black-Scholes valuation model. Effective July 1, 2018, the Company adopted ASU 2018-07 (see Note 2 – Summary of Significant Accounting Policies) and did not subsequently remeasure the value of the unvested Class D awards granted to non-employees after this date. The Company's assumptions for expected volatility were based on daily historical volatility data related to market trading of publicly traded companies that invest in similar types of real estate as the Company, plus an adjustment to account for differences in the Company’s leverage compared to the publicly traded companies. The risk-free interest rate assumptions were determined by using U.S. treasury rates of the same period as the expected vesting term of each award. The marketability discounts were calculated using a Finnerty Model. The Company determined that the grant date per unit fair value of the unvested Class B and Class D units granted on January 31, 2017 was $323.65 and $152.16, respectively, and the grant date per unit fair value of the unvested Class B units granted on December 31, 2017 was $ 1,280.35 As of July 1, 2018, the Company determined that the per unit fair value of the Class D units granted to non-employees on January 31, 2017 was . The following table presents information about the Class B and Class D units for the periods presented: Year ended December 31, (in thousands) 2019 2018 2017 Compensation cost recognized in general and administrative expense $ 2,162 $ 747 $ 841 Fair value of units vested during the period 2,283 718 612 The following table presents information about the Class B and Class D units as of December 31, 2018. No Class B or Class D units remained outstanding as of December 31, 2019. (Dollars in thousands) Class B Units Class D Units Total unrecognized compensation cost $ 1,899 $ 231 Liability on units granted to non-employees — 33 Weighted average period over which compensation cost will be recognized (in years) 2 2.3 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2019 | |
Leases [Abstract] | |
Leases | 11. Leases As Lessor The Company’s investment properties are Under ASC 842, scheduled future minimum base rental payments due to be received under the remaining non-cancelable term of the operating leases in place as of December 31, 2019 were as follows: (in thousands) Future Minimum Base Rental Receipts 2020 $ 144,265 2021 145,663 2022 147,584 2023 148,604 2024 147,773 Thereafter 1,618,734 Total $ 2,352,623 Since lease renewal periods are exercisable at the option of the lessee, the preceding table presents future minimum base rental payments to be received during the initial non-cancelable lease term only. In addition, the future minimum lease payments exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to performance thresholds and exclude increases in annual rent based on future changes in the Consumer Price Index, among other items. The fixed and variable components December 31, 2019 (in thousands) Year Ended December 31, 2019 Fixed lease revenues $ 134,879 Variable lease revenues (1) 2,282 Total lease revenues (2) $ 137,161 (1) Includes contingent rent based on a percentage of the tenant’s gross sales and costs paid by the Company for which it is reimbursed by its tenants. (2) Excludes the amortization and accretion of above- and below-market lease intangible assets and liabilities and lease incentives and the adjustment to rental revenue for tenant credit. As Lessee The Company has a number of ground leases, an office lease and other equipment leases which are classified as operating leases. On January 1, 2019, the Company recorded $4.8 million of right of use (“ROU”) assets and lease liabilities related to these operating leases. The Company’s ROU assets were reduced by $0.1 million of accrued rent expense reclassified from accrued liabilities and other payables and $1.2 million of acquired above-market lease liabilities, net, reclassified from intangible lease liabilities, net and increased by $0.1 million of acquired below-market lease assets, net, reclassified from intangible lease assets, net of accumulated depreciation and amortization and $0.2 million of prepaid lease payments. As of December 31, 2019, the Company’s ROU assets and lease liabilities were $4.8 million and $7.5 million, respectively. The discount rate applied to measure each ROU asset and lease liability is based on the Company’s incremental borrowing rate ("IBR"). The Company considers the general economic environment and its historical borrowing activity and factors in various financing and asset specific adjustments to ensure the IBR is appropriate to the intended use of the underlying lease. As the Company did not elect to apply hindsight, lease term assumptions determined under ASC 840 were carried forward and applied in calculating the lease liabilities recorded under ASC 842. Certain of the Company’s ground leases offer renewal options which it assesses against relevant economic factors to determine whether it is reasonably certain of exercising or not exercising the option. Lease payments associated with renewal periods that the Company is reasonably certain will be exercised, if any, are included in the measurement of the corresponding lease liability and ROU asset. The following table sets forth information related to the measurement of the Company’s lease liabilities as of December 31, 2019 : December 31, 2019 Weighted average remaining lease term (in years) 21.9 Weighted average discount rate 7.00% The Company recognizes rent expense on its ground leases as a component of property expenses and rent expense on its office lease and other equipment leases as a component of general and administrative expense on its consolidated statements of operations. At six of these ground leased properties, Company’s lease as lessor of the building directly the building lessee to pay rents due under the ground lease to the ground lessor; under ASC 840, such ground lease rents are presented on a net basis in the Company’s consolidated statements of operations for the years ended , and 2017. Upon adoption of ASC 842 on January 1, 2019 (see Note 2—Summary of Significant Accounting Policies), these ground lease rents are no longer presented on a net basis and instead are reflected on a gross basis in the Company’s consolidated statements of operations for the . The following table : (in thousands) Year Ended December 31, 2019 Fixed rent expense $ 1,425 Variable rent expense — Total rent expense $ 1,425 During the years ended December 31, 2018 and 2017, the Company recorded $0.5 million and $0.7 million of ground rent expense within property and recorded $0.2 million and $0.2 million, respectively, of rent expense related to its office and equipment leases within general and administrative expense in the Company’s consolidated statements of operations. As of December 31, 2019, under ASC 842, future lease payments due from the Company under the ground, office and equipment operating leases where the Company is directly responsible for payment and the future lease payments due under the ground operating leases where the Company’s tenants are directly responsible for payment over the next five years and thereafter were as follows: (in thousands) Office and Ground Leases to be Paid by the Company Ground Leases to be Paid Directly by the Company’s Tenants Total Future Minimum Base Rental Payments 2020 $ 763 $ 646 $ 1,409 2021 680 650 1,330 2022 669 652 1,321 2023 656 318 974 2024 556 265 821 Thereafter 538 12,167 12,705 Total $ 3,862 $ 14,698 18,560 Present value discount (11,038 ) Lease liabilities $ 7,522 The Company has adopted the short-term lease policy election and accordingly, the table above excludes future minimum base cash rental |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 12. Commitments and Contingencies As of December 31, 2019, the Company had remaining future commitments, under mortgage notes, reimbursement obligations or similar arrangements, to fund $30.8 million to its tenants for development, construction and renovation costs related to properties leased from the Company. Litigation and Regulatory Matters In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no material legal or regulatory proceedings pending or known to be contemplated against the Company or its properties. Environmental Matters In connection with the ownership of real estate, the Company may be liable for costs and damages related to environmental matters. As of December 31, 2019, the Company had not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the Company’s business, financial condition, results of operations or liquidity. Defined Contribution Retirement Plan The Company has a defined contribution retirement savings plan qualified under Section 401(a) of the Code (the “401(k) Plan”). The 401(k) Plan is available to all of the Company’s full-time employees. The Company provides a matching contribution in cash equal to 100% of the first 3% of eligible compensation contributed by participants and 50% of the next 2% of eligible compensation contributed by participants, which vests immediately. During the years ended December 31, 2019, 2018 and 2017, the Company made matching contributions of $0.2 million, $0.1 million and $0.1 million, respectively. Employment Agreements The Company has employment agreements with its executive officers. These employment agreements have an initial term of four years, with automatic one-year extensions unless notice of non-renewal is provided by either party. These agreements provide for initial annual base salaries and an annual performance bonus. If an executive officer’s employment terminates under certain circumstances, the Company would be liable for any annual performance bonus awarded for the year prior to termination, to the extent unpaid, continued payments equal to 12 months of base salary, monthly reimbursement for 12 months of COBRA premiums, and under certain situations, a pro rata bonus for the year of termination. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 13. Fair Value Measurements GAAP establishes a hierarchy of valuation techniques based on the observability of inputs used in measuring financial instruments at fair value. GAAP establishes market-based or observable inputs as the preferred source of values, followed by valuation models using management assumptions in the absence of market inputs. The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures regularly and, depending on various factors, it is possible that an asset or liability may be classified differently from period to period. However, the Company expects that changes in classifications between levels will be rare. In addition to the disclosures for assets and liabilities required to be measured at fair value at the balance sheet date, companies are required to disclose the estimated fair values of all financial instruments, even if they are not presented at their fair value on the consolidated balance sheet. The fair values of financial instruments are estimates based upon market conditions and perceived risks at December 31, 2019 and 2018. These estimates require management’s judgment and may not be indicative of the future fair values of the assets and liabilities. Financial assets and liabilities for which the carrying values approximate their fair values include cash and cash equivalents, restricted cash, accounts receivable included within prepaid expenses and other assets, notes payable to related party, dividends payable and accrued liabilities and other payables. Generally, these assets and liabilities are short term in duration and their carrying value approximates fair value on the consolidated balance sheets. The estimated fair values of the Company’s fixed‑rate loans receivable have been derived based on primarily unobservable market inputs such as interest rates and discounted cash flow analyses using estimates of the amount and timing of future cash flows, market rates and credit spreads. These measurements are classified as Level 3 within the fair value hierarchy. The Company believes the carrying value of its fixed-rate loans receivable approximates fair value. The estimated fair values of the Company’s borrowings under the 2018 Credit Facility, the Revolving Credit Facility, the April 2019 Term Loan and the November 2019 Term Loan have been derived based on primarily unobservable market inputs such as interest rates and discounted cash flow analyses using estimates of the amount and timing of future cash flows, market rates and credit spreads. These measurements are classified as Level 3 within the fair value hierarchy. The Company believes the carrying value of its borrowings under the Revolving Credit Facility, the April 2019 Term Loan and the November 2019 Term Loan as of December 31, 2019 and the 2018 Credit Facility as of December 31, 2018 approximate fair value. The estimated fair values of the Company’s secured borrowings have been derived based on primarily unobservable market inputs such as interest rates and discounted cash flow analyses using estimates of the amount and timing of future cash flows, market rates and credit spreads. These measurements are classified as Level 3 within the fair value hierarchy. As of December 31, 2019, the Company’s secured borrowings had an aggregate carrying value of $239.1 million (excluding net deferred financing costs of $3.8 million) and an estimated fair value of $247.1 million. As of December 31, 2018, the Company’s secured borrowings had an aggregate carrying value of $515.1 million (excluding net deferred financing costs of $9.0 million) and an estimated fair value of $520.6 million. The Company measures its derivative financial instruments at fair value on a recurring basis. The fair values of the Company’s derivative financial instruments were determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of the derivative financial instrument. This analysis reflected the contractual terms of the derivative, including the period to maturity, and used observable market-based inputs, including interest rate market data and implied volatilities in such interest rates. While it was determined that the majority of the inputs used to value the derivatives fall within Level 2 of the fair value hierarchy under authoritative accounting guidance, the credit valuation adjustments associated with the derivatives also utilized Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default. However, as of December 31, 2019, the significance of the impact of the credit valuation adjustments on the overall valuation of the derivative financial instruments was assessed and it was determined that these adjustments were not significant to the overall valuation of the derivative financial instruments. As a result, it was determined that the derivative financial instruments in their entirety should be classified in Level 2 of the fair value hierarchy. As of December 31, 2019, the Company estimated the fair value of its interest rate swap contracts The Company measures its real estate investments at fair value on a nonrecurring basis. The fair values of these real estate investments were determined using the following input levels as of the dates presented: Net Carrying Fair Value Measurements Using Fair Value Hierarchy (in thousands) Value Fair Value Level 1 Level 2 Level 3 December 31, 2019 Non-financial assets: Long-lived assets $ 3,864 $ 3,864 $ — $ — $ 3,864 December 31, 2018 Non-financial assets: Long-lived assets $ 3,238 $ 3,238 $ — $ — $ 3,238 Long-lived assets: The Company reviews its investments in real estate when events or circumstances change indicating that the carrying amount of an asset may not be recoverable. In the evaluation of an investment in real estate for impairment, many factors are considered, including estimated current and expected operating cash flows from the asset during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of the asset in the ordinary course of business. Quantitative information about Level 3 fair value measurements as of December 31, 2019 is as follows: (dollar amounts in thousands) Fair Value Valuation Techniques Significant Unobservable Inputs Non-financial assets: Long-lived assets: Casual Dining - Omaha, NE $ 864 Discounted cash flow approach Terminal Value: 7.5% Discount Rate: 7.5% $ 864 Health and Fitness - Winston Salem, NC 3,000 Sales comparison approach Non-binding sales contract 3,000 The fair values of impaired real estate were determined by using the following information, depending on availability, in order of preference: i) signed purchase and sale agreements or letters of intent; ii) recently quoted bid or ask prices; iii) estimates of future cash flows, which consider, among other things, contractual and forecasted rental revenues, leasing assumptions, terminal capitalization rates, discount rates and expenses based upon market conditions; or iv) expectations for the use of the real estate. Based on these inputs, the Company determined that its valuation of the impaired real estate falls within Level 3 of the fair value hierarchy. |
Related Party Disclosures
Related Party Disclosures | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related-Party Transactions | During the years ended December 31, 2019, 2018 and 2017, an affiliate of Eldridge provided certain treasury and information technology services . During the years ended December 31, 2018 and 2017, the Company issued and repaid short-term notes to affiliates of Eldridge. See Note 7 – Notes Payable to Related Parties for additional information. In May 2019, the Company repurchased a portion of its Class A Series 2016-1 Notes with a face value of $200 million for $201.4 million from an affiliate of Eldridge. See Note 6—Secured Borrowings for additional information. |
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) | 12 Months Ended |
Dec. 31, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Results (Unaudited) | 15. Quarterly Results (Unaudited) Presented below is a summary of unaudited quarterly financial information for the years ended December 31, 2019, 2018 and 2017. All adjustments (consisting of only normal recurring accruals) necessary for a fair of the interim periods presented are included. — The calculation of basic and diluted per share amounts for each quarter is based on the weighted average shares outstanding for that period; consequently, the sum of the quarters may not necessarily be equal to the full year basic and diluted net income per share. Three months ended (in thousands, except per share data) March 31 June 30 September 30 December 31 2019: Total revenues $ 31,107 $ 32,755 $ 36,291 $ 39,204 Net income 8,722 10,571 14,106 14,626 Net income attributable to non-controlling interests 2,595 2,620 861 105 Net income per share of common stock — basic and diluted 0.13 0.14 0.18 0.20 0.18 Dividends declared per common share 0.21 0.22 0.22 0.23 2018: Total revenues $ 20,167 $ 21,664 $ 25,742 $ 28,650 Net income 1,109 3,499 7,707 8,299 Net income attributable to non-controlling interests — 99 2,383 2,519 Net income per share of common stock — basic and diluted — 0.01 0.12 0.13 Dividends declared per common share — — 0.22 0.21 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | 16. Subsequent Events The Company has evaluated all events and transactions that occurred after December 31, 2019 through the filing of this Annual Report on Form 10-K and determined that there have been no events that have occurred that would require adjustment to disclosures in the consolidated financial statements except as disclosed below. In January 2020, the Company issued an aggregate of 84,684 performance-based restricted stock units (“RSUs”) to the Company’s executive officers under the Equity Incentive Plan. These are non-vested share awards and 75% of the award shall vest based on the Company’s total stockholder return (“TSR”) as compared to the TSR of 13 peer companies and 25% of the award shall vest based on the compensation committee’s subjective evaluation of the achievement of strategic objectives deemed relevant by the committee. The performance schedule can produce vesting percentages ranging from 0% to 250%. TSR will be calculated based upon the average closing price for the 20-trading day period ending January 1, 2020, divided by the average closing price for the 20-trading day period ending December 31, 2022. Additionally, in January 2020, the Company issued an aggregate of 71,607 shares of unvested RSUs to the Company’s executive officers and other employees under the Equity Incentive Plan. These awards vest over a period of four years from the date of grant, subject to the individual recipient’s continued provision of service to the Company through the applicable vesting dates. In January 2020, the Company completed a follow-on offering of its common stock and issued 7,935,000 shares of common stock, including 1,035,000 shares of common stock to the underwriters pursuant to an option to purchase additional shares, at an offering price of $25.20 per share. In February 2020, the Company used a portion of the proceeds from this offering to retire $62.0 million of Series 2017-1 Class A Notes. Subsequent to December 31, 2019, the Company acquired 36 real estate properties with an aggregate investment (including acquisition-related costs) of $85.5 million and invested $5.6 million in new and ongoing construction in progress and reimbursements to tenants for development, construction and renovation costs. In addition, the Company invested $5.3 million in loans receivable subsequent to December 31, 2019. Subsequent to December 31, 2019, the Company sold or transferred its investment in 5 real estate properties for an aggregate gross sales price of $6.2 million and incurred $0.3 million of disposition costs related to these transactions. |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2019 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |
Schedule III - Real Estate and Accumulated Depreciation | Schedule III - Real Estate and Accumulated Depreciation As of December 31, 2019 (Dollar amounts in thousands) Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Restaurants - Quick Service Alexander City AL {f} $ 184 $ 242 $ — $ — $ 184 $ 242 $ 426 $ 34 1987 6/16/2016 Restaurants - Quick Service Zanesville OH {f} 397 277 — — 397 277 674 33 1988 6/16/2016 Restaurants - Quick Service Belleville IL {f} 314 369 — — 314 369 683 47 1988 6/16/2016 Restaurants - Quick Service Grand Rapids MI {f} 177 346 — — 177 346 523 45 1989 6/16/2016 Restaurants - Quick Service Petaluma CA {f} 467 533 — — 467 533 1,000 69 1992 6/16/2016 Restaurants - Quick Service Clarkesville GA 178 — — — 178 — 178 — 6/16/2016 Restaurants - Quick Service Philadelphia PA 485 626 — — 485 626 1,111 84 1980 6/16/2016 Other Services Nashville TN 332 106 — — 332 106 438 27 1992 6/16/2016 Restaurants - Quick Service Ruskin FL {f} 641 — — — 641 — 641 — 1993 6/16/2016 Restaurants - Quick Service Brownsville TX {f} 561 474 — — 561 474 1,035 66 1995 6/16/2016 Restaurants - Quick Service Waco TX {f} 633 382 — — 633 382 1,015 49 1991 6/16/2016 Restaurants - Family Dining Palantine IL {f} 926 354 — — 926 354 1,280 63 1990 6/16/2016 Restaurants - Family Dining LaGrange IL {f} 446 851 — — 446 851 1,297 97 1990 6/16/2016 Restaurants - Family Dining Jacksonville FL {f} 1,086 957 — — 1,086 957 2,043 163 1997 6/16/2016 Restaurants - Casual Dining Corpus Christi TX {f} 1,160 — — — 1,160 — 1,160 — 2015 6/16/2016 Restaurants - Casual Dining Centennial CO {f} 1,593 3,400 — — 1,593 3,400 4,993 333 1993 6/16/2016 Restaurants - Quick Service Redford MI 468 567 — — 468 567 1,035 73 1998 6/16/2016 Other Services Landrum SC {f} 214 87 — — 214 87 301 18 1992 6/16/2016 Restaurants - Family Dining Virginia Beach VA 90 192 — — 90 192 282 80 1997 6/16/2016 Restaurants - Casual Dining Thomasville GA 903 233 — 600 903 833 1,736 76 1999 6/16/2016 Restaurants - Casual Dining Grapevine TX {f} 1,385 977 — — 1,385 977 2,362 130 1999 6/16/2016 Restaurants - Family Dining Plano TX 207 424 — — 207 424 631 173 1998 6/16/2016 Restaurants - Family Dining Coon Rapids MN {f} 635 856 — — 635 856 1,491 112 1991 6/16/2016 Restaurants - Family Dining Mankato MN {f} 700 585 — — 700 585 1,285 97 1992 6/16/2016 Restaurants - Casual Dining Omaha NE {f} 465 1,184 (203 ) (g) (498 ) (g) 262 686 948 126 1979 6/16/2016 Restaurants - Family Dining Merrillville IN {f} 797 322 — — 797 322 1,119 41 1977 6/16/2016 Restaurants - Family Dining Blaine MN {f} 609 780 — — ` 609 780 1,389 102 1978 6/16/2016 Restaurants - Family Dining Green Bay WI {f} 549 373 — — 549 373 922 69 1977 6/16/2016 Restaurants - Family Dining Appleton WI {f} 441 590 — — 441 590 1,031 87 1977 6/16/2016 Restaurants - Family Dining Waterloo IA {f} 466 391 — — 466 391 857 66 1978 6/16/2016 Restaurants - Family Dining St. Joseph MO {f} 559 371 — — 559 371 930 63 1978 6/16/2016 Restaurants - Family Dining Gladstone MO {f} 479 783 — — 479 783 1,262 99 1979 6/16/2016 Restaurants - Family Dining Brainerd MN {f} 761 547 — — 761 547 1,308 80 1990 6/16/2016 Restaurants - Family Dining Cedar Rapids IA {f} 804 563 — — 804 563 1,367 80 1994 6/16/2016 Restaurants - Family Dining Brooklyn Park MN {f} 725 693 — — 725 693 1,418 102 1997 6/16/2016 Restaurants - Quick Service Pontiac MI {f} 316 423 — — 316 423 739 61 2003 6/16/2016 Restaurants - Quick Service Troy MI 674 — — — 674 — 674 — 6/16/2016 Restaurants - Quick Service The Woodlands TX {f} — — — — — — — — 2001 6/16/2016 Restaurants - Quick Service Ellsworth ME 37 51 — — 37 51 88 69 1979 6/16/2016 Restaurants - Quick Service Clay NY {f} 129 413 — — 129 413 542 236 1991 6/16/2016 Restaurants - Quick Service Buna TX {f} 152 138 — — 152 138 290 21 1976 6/16/2016 Restaurants - Quick Service Carthage TX {f} 111 239 — — 111 239 350 32 1975 6/16/2016 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Restaurants - Quick Service Dayton TX {f} $ 195 $ 174 $ — $ — $ 195 $ 174 $ 369 $ 24 1969 6/16/2016 Restaurants - Quick Service Diboll TX {f} 92 177 — — 92 177 269 24 1990 6/16/2016 Restaurants - Quick Service Huntington TX {f} 120 180 — — 120 180 300 31 1980 6/16/2016 Restaurants - Quick Service Huntsville TX {f} 120 290 — — 120 290 410 34 1985 6/16/2016 Restaurants - Quick Service Jasper TX {f} 111 209 — — 111 209 320 27 1992 6/16/2016 Restaurants - Quick Service Kountze TX {f} 120 290 — — 120 290 410 34 1995 6/16/2016 Restaurants - Quick Service Rusk TX {f} 129 142 — — 129 142 271 23 1989 6/16/2016 Restaurants - Quick Service Sour Lake TX {f} 204 114 — — 204 114 318 21 1978 6/16/2016 Restaurants - Quick Service Vernon CT 155 208 — — 155 208 363 54 1983 6/16/2016 Restaurants - Quick Service Battle Creek MI {f} 114 690 — — 114 690 804 76 1969 6/16/2016 Restaurants - Quick Service Mt Clemens MI {f} 446 394 — — 446 394 840 74 1989 6/16/2016 Restaurants - Quick Service Clio MI {f} 350 889 — — 350 889 1,239 104 1991 6/16/2016 Restaurants - Quick Service Charlotte MI {f} 190 722 — — 190 722 912 79 1991 6/16/2016 Restaurants - Quick Service St. Johns MI {f} 218 403 — — 218 403 621 60 1991 6/16/2016 Automotive Service Burnsville MN 734 309 180 6 914 315 1,229 61 1973 6/16/2016 Restaurants - Family Dining Albert Lea MN {f} 337 463 — — 337 463 800 73 1975 6/16/2016 Restaurants - Family Dining Crystal MN {f} 821 178 — — 821 178 999 44 1975 6/16/2016 Restaurants - Casual Dining West Monroe LA {f} 343 94 — — 343 94 437 19 1988 6/16/2016 Restaurants - Quick Service Greenfield WI {f} 556 789 — — 556 789 1,345 98 1983 6/16/2016 Restaurants - Casual Dining Desoto TX {f} 728 156 — — 728 156 884 29 1985 6/16/2016 Restaurants - Quick Service West Berlin NJ 250 399 — — 250 399 649 57 1992 6/16/2016 Restaurants - Quick Service Redford MI 479 — — — 479 - 479 — 6/16/2016 Restaurants - Quick Service Bridgeport MI 309 619 — — 309 619 928 88 1989 6/16/2016 Restaurants - Quick Service College Station TX {f} 383 569 — — 383 569 952 63 1984 6/16/2016 Restaurants - Quick Service Birmingham AL {f} 261 780 — — 261 780 1,041 86 2000 6/16/2016 Restaurants - Quick Service Oneonta AL {f} 220 485 — — 220 485 705 56 1993 6/16/2016 Restaurants - Quick Service Union City GA {f} 416 746 — — 416 746 1,162 86 1976 6/16/2016 Restaurants - Quick Service Marietta GA {f} 214 618 — — 214 618 832 68 1979 6/16/2016 Restaurants - Quick Service Vicksburg MS {f} 203 627 — — 203 627 830 68 1979 6/16/2016 Restaurants - Quick Service Riverdale GA {f} 309 584 — — 309 584 893 67 1978 6/16/2016 Restaurants - Quick Service Snellville GA {f} 242 484 — — 242 484 726 58 1981 6/16/2016 Restaurants - Quick Service Trussville AL {f} 243 480 — — 243 480 723 56 1996 6/16/2016 Restaurants - Quick Service Forest Park GA {f} 233 341 — — 233 341 574 39 1988 6/16/2016 Restaurants - Quick Service Decatur GA {f} 239 714 — — 239 714 953 78 1982 6/16/2016 Restaurants - Quick Service Monroe GA {f} 302 733 — — 302 733 1,035 82 1985 6/16/2016 Restaurants - Quick Service Decatur GA {f} 292 463 — — 292 463 755 50 1983 6/16/2016 Restaurants - Quick Service Columbia SC {f} 241 461 — — 241 461 702 58 1981 6/16/2016 Restaurants - Quick Service Decatur GA {f} 302 721 — — 302 721 1,023 81 1986 6/16/2016 Restaurants - Quick Service Conyers GA {f} 330 767 — — 330 767 1,097 87 1982 6/16/2016 Restaurants - Quick Service Stockbridge GA {f} 396 771 — — 396 771 1,167 83 1975 6/16/2016 Restaurants - Quick Service Lawrenceville GA {f} 306 550 — — 306 550 856 68 1988 6/16/2016 Restaurants - Quick Service Lithonia GA {f} 290 606 — — 290 606 896 67 1979 6/16/2016 Restaurants - Quick Service Tucker GA {f} 339 586 — — 339 586 925 67 1976 6/16/2016 Restaurants - Quick Service Covington GA {f} 379 722 — — 379 722 1,101 84 1979 6/16/2016 Restaurants - Quick Service Columbus GA {f} 174 442 — — 174 442 616 50 1987 6/16/2016 Restaurants - Quick Service Owensboro KY {f} 263 155 — 754 263 909 1,172 23 1986 6/16/2016 Restaurants - Quick Service Tupelo MS {f} 731 329 — — 731 329 1,060 46 2000 6/16/2016 Restaurants - Quick Service New Albany MS {f} 295 346 — — 295 346 641 41 1993 6/16/2016 Restaurants - Quick Service Parkersburg WV {f} 185 570 — — 185 570 755 66 1976 6/16/2016 Restaurants - Quick Service Ashland KY {f} 279 858 — — 279 858 1,137 100 1979 6/16/2016 Restaurants - Quick Service Huntington WV {f} 223 539 — — 223 539 762 63 1979 6/16/2016 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Restaurants - Quick Service North Little Rock AR {f} $ 190 $ 450 $ — $ — $ 190 $ 450 $ 640 $ 57 1978 6/16/2016 Restaurants - Quick Service Jackson MS {f} 400 348 — — 400 348 748 43 1981 6/16/2016 Restaurants - Quick Service Madison TN {f} 281 458 — — 281 458 739 51 1988 6/16/2016 Restaurants - Quick Service Little Rock AR {f} 169 48 — 15 169 63 232 16 1979 6/16/2016 Restaurants - Quick Service Hurricane WV {f} 238 485 — — 238 485 723 56 1981 6/16/2016 Restaurants - Quick Service Parkersburg WV {f} 261 513 — — 261 513 774 63 1982 6/16/2016 Restaurants - Quick Service Chattanooga TN {f} 407 465 — — 407 465 872 56 1983 6/16/2016 Restaurants - Quick Service Knoxville TN {f} 352 347 — — 352 347 699 41 1981 6/16/2016 Restaurants - Quick Service Jacksonville NC {f} 284 152 — 878 284 1,030 1,314 24 1986 6/16/2016 Restaurants - Quick Service Knoxville TN {f} 394 271 — — 394 271 665 35 1982 6/16/2016 Restaurants - Quick Service Forestdale AL {f} 241 613 — — 241 613 854 69 1975 6/16/2016 Restaurants - Quick Service Louisville KY {f} 319 238 — 739 319 977 1,296 34 1988 6/16/2016 Restaurants - Quick Service Festus MO {f} 195 802 — — 195 802 997 88 1979 6/16/2016 Restaurants - Quick Service Jacksonville FL {f} 330 542 — — 330 542 872 66 1976 6/16/2016 Restaurants - Quick Service Jacksonville FL {f} 220 701 — — 220 701 921 84 1979 6/16/2016 Restaurants - Quick Service Winter Garden FL {f} 326 383 — — 326 383 709 49 1987 6/16/2016 Restaurants - Quick Service Sanford FL {f} 350 375 — — 350 375 725 53 1986 6/16/2016 Restaurants - Quick Service Lebanon TN {f} 311 736 — — 311 736 1,047 98 1974 6/16/2016 Restaurants - Quick Service Prattville AL {f} 551 524 — — 551 524 1,075 64 1978 6/16/2016 Restaurants - Quick Service Calhoun GA {f} 346 673 — — 346 673 1,019 79 1979 6/16/2016 Restaurants - Quick Service Mableton GA {f} 152 366 — — 152 366 518 45 1977 6/16/2016 Restaurants - Quick Service Brunswick GA {f} 532 137 — — 532 137 669 23 1995 6/16/2016 Restaurants - Quick Service Summerville SC {f} 215 720 — — 215 720 935 85 1978 6/16/2016 Restaurants - Quick Service Thomaston GA {f} 193 364 — — 193 364 557 48 1987 6/16/2016 Restaurants - Quick Service Smyrna GA {f} 392 311 — — 392 311 703 41 1981 6/16/2016 Restaurants - Quick Service Smyrna TN {f} 221 556 — — 221 556 777 64 1982 6/16/2016 Restaurants - Quick Service Tullahoma TN {f} 226 701 — — 226 701 927 85 1975 6/16/2016 Restaurants - Quick Service Shelbyville TN {f} 323 456 — — 323 456 779 55 1976 6/16/2016 Restaurants - Quick Service Dallas GA {f} 260 832 — — 260 832 1,092 102 1985 6/16/2016 Restaurants - Quick Service North Charleston SC {f} 121 459 — — 121 459 580 53 1990 6/16/2016 Restaurants - Quick Service LaGrange GA {f} 207 562 — — 207 562 769 67 1985 6/16/2016 Restaurants - Quick Service Cullman AL {f} 260 723 — — 260 723 983 88 1999 6/16/2016 Restaurants - Quick Service Batesville MS {f} 125 551 — — 125 551 676 64 1992 6/16/2016 Restaurants - Quick Service Phenix City AL {f} 273 665 — — 273 665 938 85 1979 6/16/2016 Restaurants - Quick Service Montgomery AL {f} 333 349 — — 333 349 682 46 1986 6/16/2016 Restaurants - Quick Service Starke FL {f} 240 468 — — 240 468 708 60 1980 6/16/2016 Restaurants - Quick Service Madisonville KY {f} 302 426 — — 302 426 728 53 1976 6/16/2016 Restaurants - Quick Service Marietta OH {f} 175 506 — — 175 506 681 58 1979 6/16/2016 Restaurants - Quick Service Hueytown AL {f} 133 711 — — 133 711 844 82 1979 6/16/2016 Restaurants - Quick Service Gallipolis OH {f} 247 722 — — 247 722 969 88 1979 6/16/2016 Restaurants - Quick Service Valdosta GA {f} 236 545 — — 236 545 781 63 1980 6/16/2016 Restaurants - Quick Service Douglas GA {f} 243 557 — — 243 557 800 65 1979 6/16/2016 Restaurants - Quick Service Fayetteville GA {f} 300 506 — — 300 506 806 60 1984 6/16/2016 Restaurants - Quick Service Troy AL {f} 183 520 — — 183 520 703 61 1985 6/16/2016 Restaurants - Quick Service Wetumpka AL {f} 273 416 — — 273 416 689 52 1986 6/16/2016 Restaurants - Quick Service St. Albans WV {f} 154 491 — — 154 491 645 56 1975 6/16/2016 Restaurants - Quick Service Huntington WV {f} 233 540 — — 233 540 773 63 1992 6/16/2016 Restaurants - Quick Service Newburgh NY {f} 913 738 — — 913 738 1,651 121 1975 6/16/2016 Restaurants - Quick Service Erie PA {f} 444 562 — — 444 562 1,006 88 1977 6/16/2016 Restaurants - Quick Service Dickson TN {f} 292 79 — 29 292 108 400 19 1977 6/16/2016 Restaurants - Quick Service South Daytona FL {f} 416 668 — — 416 668 1,084 86 1984 6/16/2016 Restaurants - Quick Service Milford NH {f} 409 355 — — 409 355 764 53 1993 6/16/2016 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Restaurants - Quick Service Portland OR {f} $ 252 $ 131 $ — $ — $ 252 $ 131 $ 383 $ 22 2015 6/16/2016 Restaurants - Quick Service Superior CO {f} 370 434 — — 370 434 804 56 2002 6/16/2016 Restaurants - Casual Dining Fond du Lac WI {f} 521 1,197 — — 521 1,197 1,718 107 1996 6/16/2016 Restaurants - Casual Dining Alexandria LA {f} 837 889 — — 837 889 1,726 147 1994 6/16/2016 Medical / Dental Hurst TX {f} 1,462 1,493 — 300 1,462 1,793 3,255 220 1997 6/16/2016 Restaurants - Quick Service Jacksonville FL {f} 872 354 — — 872 354 1,226 44 2006 6/16/2016 Restaurants - Casual Dining Fleming Island FL {f} 586 355 — — 586 355 941 42 2006 6/16/2016 Restaurants - Casual Dining Port St. Lucie FL {f} 930 1,510 — — 930 1,510 2,440 189 1988 6/16/2016 Restaurants - Casual Dining Waycross GA {f} 861 1,700 — — 861 1,700 2,561 196 1994 6/16/2016 Restaurants - Casual Dining Kingsland GA {f} 602 1,256 — — 602 1,256 1,858 155 1995 6/16/2016 Restaurants - Casual Dining Jacksonville FL {f} 821 1,215 — — 821 1,215 2,036 165 1995 6/16/2016 Restaurants - Casual Dining North Fort Myers FL {f} 1,060 1,817 — — 1,060 1,817 2,877 203 1994 6/16/2016 Restaurants - Casual Dining Port Charlotte FL {f} 1,021 850 (95 ) (g) (79 ) (g) 926 771 1,697 105 1995 6/16/2016 Restaurants - Casual Dining Cape Coral FL {f} 741 1,692 — — 741 1,692 2,433 195 1996 6/16/2016 Restaurants - Casual Dining Panama City Beach FL {f} 750 959 — — 750 959 1,709 122 1999 6/16/2016 Restaurants - Casual Dining Dothan AL {f} 577 1,144 — — 577 1,144 1,721 136 1993 6/16/2016 Restaurants - Casual Dining Albany GA {f} 731 1,249 — — 731 1,249 1,980 143 1991 6/16/2016 Restaurants - Casual Dining Panama City FL {f} 539 1,389 — — 539 1,389 1,928 148 1991 6/16/2016 Restaurants - Casual Dining Valdosta GA {f} 626 957 — — 626 957 1,583 122 1994 6/16/2016 Restaurants - Casual Dining Gainesville FL {f} 193 1,930 — — 193 1,930 2,123 187 1994 6/16/2016 Restaurants - Casual Dining Panama City FL {f} 673 1,044 50 — 723 1,044 1,767 165 1999 6/16/2016 Restaurants - Casual Dining Thomasville GA {f} 943 580 — — 943 580 1,523 96 2002 6/16/2016 Restaurants - Family Dining Leesburg FL {f} 808 720 — — 808 720 1,528 130 2007 6/16/2016 N/A San Antonio TX 105 — — — 105 — 105 — 6/16/2016 Restaurants - Quick Service Augusta GA {f} 272 26 — (26 ) 272 — 272 20 6/16/2016 Restaurants - Quick Service Warner Robins GA {f} 130 174 — — 130 174 304 28 1975 6/16/2016 Restaurants - Quick Service Beloit WI {f} 144 1,134 — — 144 1,134 1,278 115 1999 6/16/2016 Automotive Service Spring TX {f} 805 1,577 — — 805 1,577 2,382 181 2013 8/4/2016 Home Furnishings Frisco TX {f} 2,224 4,779 — — 2,224 4,779 7,003 436 2006 8/19/2016 Home Furnishings Fort Worth TX {f} 1,348 7,847 — — 1,348 7,847 9,195 717 2007 8/19/2016 Convenience Stores Binghamton NY {f} 273 1,008 — — 273 1,008 1,281 133 1970 8/22/2016 Convenience Stores Windsor NY {f} 272 1,101 — — 272 1,101 1,373 146 1980 8/22/2016 Convenience Stores Greene NY {f} 557 1,974 — — 557 1,974 2,531 261 1989 8/22/2016 Convenience Stores Afton NY {f} 348 1,303 — — 348 1,303 1,651 172 1994 8/22/2016 Convenience Stores Lansing NY {f} 861 3,034 — — 861 3,034 3,895 402 2010 8/22/2016 Convenience Stores Freeville NY {f} 524 1,457 — — 524 1,457 1,981 193 1994 8/22/2016 Convenience Stores Marathon NY {f} 520 2,127 — — 520 2,127 2,647 281 1995 8/22/2016 Convenience Stores New Hartford NY {f} 301 863 — — 301 863 1,164 114 1995 8/22/2016 Convenience Stores Chadwicks NY {f} 213 784 — — 213 784 997 104 1987 8/22/2016 Convenience Stores Liberty NY {f} 219 811 — — 219 811 1,030 107 2004 8/22/2016 Convenience Stores Earlville NY {f} 258 985 — — 258 985 1,243 130 1997 8/22/2016 Convenience Stores Vestal NY {f} 324 1,285 — — 324 1,285 1,609 170 1996 8/22/2016 Convenience Stores Delhi NY {f} 275 1,066 — — 275 1,066 1,341 141 1992 8/22/2016 Convenience Stores Franklin NY {f} 423 774 — — 423 774 1,197 102 1998 8/22/2016 Convenience Stores Endicott NY {f} 188 576 — — 188 576 764 76 1995 8/22/2016 Convenience Stores Davenport NY {f} 324 1,194 — — 324 1,194 1,518 158 1993 8/22/2016 Restaurants - Family Dining Salem NH 131 232 — — 131 232 363 103 1998 9/16/2016 Restaurants - Quick Service Mansfield OH 91 112 (52 ) (g) (69 ) (g) 39 43 82 65 1988 9/16/2016 Other Services Anniston AL {f} 312 176 — — 312 176 488 34 1992 9/16/2016 Early Childhood Education Cumming GA {f} 876 2,357 — — 876 2,357 3,233 241 2001 9/30/2016 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Early Childhood Education Suwanee GA {f} $ 922 $ 2,108 $ — $ — $ 922 $ 2,108 $ 3,030 $ 216 2009 9/30/2016 Medical / Dental Fort Worth TX 1,617 — 99 (g) 4,185 (g) 1,716 4,185 5,901 244 2017 10/12/2016 Car Washes Acworth GA {f} 1,346 2,615 — — 1,346 2,615 3,961 258 2006 10/17/2016 Car Washes Douglasville GA {f} 1,974 2,882 — — 1,974 2,882 4,856 284 2006 10/17/2016 Car Washes Hiram GA {f} 1,376 2,947 — — 1,376 2,947 4,323 290 2004 10/17/2016 Car Washes Marietta GA {f} 1,302 2,136 — — 1,302 2,136 3,438 211 2002 10/17/2016 Medical / Dental Port Charlotte FL {f} 1,820 2,072 — — 1,820 2,072 3,892 227 2000 10/20/2016 Automotive Service Lackawanna NY {f} 231 232 — — 231 232 463 25 1987 10/28/2016 Automotive Service Cheektowaga NY {f} 367 509 — — 367 509 876 54 1978 10/28/2016 Automotive Service Amherst NY {f} 410 606 — — 410 606 1,016 64 1998 10/28/2016 Automotive Service Niagara Falls NY {f} 615 1,025 — — 615 1,025 1,640 109 1985 10/28/2016 Automotive Service Williamsville NY {f} 419 1,302 — — 419 1,302 1,721 138 1988 10/28/2016 Automotive Service Dunkirk NY {f} 255 187 — — 255 187 442 20 1980 10/28/2016 Car Washes Tucson AZ {f} 1,048 2,190 — — 1,048 2,190 3,238 210 2010 11/9/2016 Restaurants - Quick Service Burlington IA {f} 444 1,171 — — 444 1,171 1,615 131 1976 11/15/2016 Restaurants - Quick Service Cedar Rapids IA {f} 436 1,179 — — 436 1,179 1,615 132 1991 11/15/2016 Restaurants - Quick Service Muscatine IA {f} 264 854 — — 264 854 1,118 96 1993 11/15/2016 Restaurants - Quick Service Fort Madison IA {f} 304 1,284 — — 304 1,284 1,588 144 1987 11/15/2016 Restaurants - Quick Service Waterloo IA {f} 344 846 — — 344 846 1,190 95 1982 11/15/2016 Restaurants - Quick Service Cedar Falls IA {f} 375 771 — — 375 771 1,146 86 2004 11/15/2016 Restaurants - Quick Service Nebraska City NE {f} 363 748 — — 363 748 1,111 84 2014 11/15/2016 Restaurants - Quick Service Plattsmouth NE {f} 304 1,302 — — 304 1,302 1,606 146 1999 11/15/2016 Restaurants - Quick Service Red Oak IA {f} 254 1,010 — — 254 1,010 1,264 113 2000 11/15/2016 Movie Theatres Florence AL {f} 1,519 6,294 117 — 1,636 6,294 7,930 629 2015 12/19/2016 Restaurants - Quick Service Baden PA 191 245 (133 ) (g) (187 ) (g) 58 58 116 97 1962 12/28/2016 Restaurants - Casual Dining Gardendale AL {f} 589 1,984 — — 589 1,984 2,573 187 2005 12/29/2016 Restaurants - Casual Dining Jasper AL {f} 468 2,144 — — 468 2,144 2,612 190 2005 12/29/2016 Restaurants - Casual Dining Homewood AL {f} 808 1,233 — — 808 1,233 2,041 125 1976 12/29/2016 Medical / Dental Stevenson AL {f} 191 466 — — 191 466 657 51 1990 12/30/2016 Medical / Dental Tucson AZ {f} 323 780 — — 323 780 1,103 65 1967 12/30/2016 Medical / Dental Miami FL {f} 485 982 — — 485 982 1,467 78 1981 12/30/2016 Medical / Dental Sarasota FL {f} 323 557 — — 323 557 880 52 1973 12/30/2016 Medical / Dental Sarasota FL {f} 485 446 — — 485 446 931 48 2001 12/30/2016 Medical / Dental Dalton GA {f} 323 406 — — 323 406 729 55 1960 12/30/2016 Medical / Dental Alton IL {f} 252 568 — — 252 568 820 65 2001 12/30/2016 Medical / Dental Quincy IL {f} 272 608 — — 272 608 880 68 2001 12/30/2016 Medical / Dental Clarksville IN {f} 657 1,033 — — 657 1,033 1,690 108 1994 12/30/2016 Medical / Dental Terre Haute IN {f} 292 325 — — 292 325 617 40 1998 12/30/2016 Medical / Dental Brewster MA {f} 60 578 — — 60 578 638 45 1986 12/30/2016 Medical / Dental Kansas City MO {f} 333 568 — — 333 568 901 63 1979 12/30/2016 Medical / Dental Laurel MS {f} 100 1,033 — — 100 1,033 1,133 85 1970 12/30/2016 Medical / Dental Picayune MS {f} 70 517 — — 70 517 587 45 1977 12/30/2016 Medical / Dental Rochester NH {f} 181 426 — — 181 426 607 42 1958 12/30/2016 Medical / Dental Canandaigua NY {f} 70 527 — — 70 527 597 44 2009 12/30/2016 Medical / Dental Anderson SC {f} 211 487 — — 211 487 698 42 1948 12/30/2016 Medical / Dental Camden SC {f} 211 537 — — 211 537 748 54 1985 12/30/2016 Medical / Dental Columbia SC {f} 211 426 — — 211 426 637 42 1986 12/30/2016 Medical / Dental Austin TX {f} 242 375 — — 242 375 617 42 1970 12/30/2016 Medical / Dental Richmond TX {f} 495 446 — — 495 446 941 58 1982 12/30/2016 Medical / Dental Terrell Hills TX {f} 282 588 — — 282 588 870 52 2002 12/30/2016 Health and Fitness West Valley City UT {f} 1,936 4,210 — — 1,936 4,210 6,146 361 1984 12/30/2016 Medical / Dental Rock Springs WY {f} 620 2,550 — — 620 2,550 3,170 222 2001 1/17/2017 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Car Washes Conyers GA {f} $ 1,136 $ 4,332 $ — $ — $ 1,136 $ 4,332 $ 5,468 $ 410 2013 1/24/2017 Car Washes Covington GA {f} 824 3,759 — — 824 3,759 4,583 368 2011 1/24/2017 Movie Theatres North Myrtle Beach SC {f} 1,465 7,081 — — 1,465 7,081 8,546 546 2006 1/31/2017 Medical / Dental Bridgeton MO {f} 199 578 — — 199 578 777 50 1982 2/9/2017 Medical / Dental Mokena IL {f} 237 303 — — 237 303 540 45 2008 2/9/2017 Medical / Dental Lexington KY {f} 199 474 — — 199 474 673 46 2014 2/9/2017 Medical / Dental Islip Terrace NY {f} 313 436 — — 313 436 749 40 1986 2/9/2017 Early Childhood Education Alpharetta GA {f} 1,595 4,177 — — 1,595 4,177 5,772 383 2016 2/28/2017 Home Furnishings Westland MI {f} 1,858 14,560 — — 1,858 14,560 16,418 1,127 1987 3/1/2017 Home Furnishings Ann Arbor MI {f} 2,096 13,399 — — 2,096 13,399 15,495 1,013 1992 3/1/2017 Home Furnishings Muskegon MI {f} 1,113 6,436 — — 1,113 6,436 7,549 499 1987 3/1/2017 Home Furnishings Battle Creek MI {f} 1,212 7,904 — — 1,212 7,904 9,116 629 1996 3/1/2017 Automotive Service Frisco TX {f} 1,279 1,314 — — 1,279 1,314 2,593 131 2003 3/8/2017 Automotive Service Grapevine TX {f} 1,244 1,396 — — 1,244 1,396 2,640 139 2001 3/8/2017 Automotive Service Prosper TX {f} 1,161 2,534 — — 1,161 2,534 3,695 224 2010 3/8/2017 Automotive Service Southlakle TX {f} 657 997 — — 657 997 1,654 93 2002 3/8/2017 Automotive Service Lakeway TX {f} 774 1,678 — — 774 1,678 2,452 145 1998 3/8/2017 Restaurants - Quick Service Cedartown GA {f} 258 812 — — 258 812 1,070 71 1987 3/9/2017 Restaurants - Quick Service Forsyth GA {f} 464 808 — — 464 808 1,272 71 1989 3/9/2017 Convenience Stores Alpena AR {f} 252 703 — — 252 703 955 79 1985 3/10/2017 Convenience Stores Topeka KS {f} 603 1,584 — — 603 1,584 2,187 178 2008 3/10/2017 Car Washes Bossier City LA {f} 463 2,637 — — 463 2,637 3,100 213 2010 3/22/2017 Car Washes Shreveport LA {f} 836 2,812 — — 836 2,812 3,648 239 2012 3/22/2017 Automotive Service New Freedom PA {f} 904 872 — — 904 872 1,776 89 1997 3/28/2017 Car Washes Huntingtown MD {f} 984 1,857 — — 984 1,857 2,841 166 1998 3/28/2017 Automotive Service Gambrills MD {f} 2,461 6,139 — — 2,461 6,139 8,600 466 2009 3/28/2017 Convenience Stores Tyler TX {f} 404 1,433 — — 404 1,433 1,837 156 1980 3/30/2017 Convenience Stores Atlanta TX {f} 392 1,204 (13 ) (g) (155 ) (g) 379 1,049 1,428 124 1995 3/30/2017 Early Childhood Education Kernersville NC {f} 605 1,408 — — 605 1,408 2,013 120 1997 4/3/2017 Early Childhood Education San Antonio TX {f} 928 3,312 — — 928 3,312 4,240 254 2016 4/25/2017 Medical / Dental Payson AZ {f} 548 1,944 — — 548 1,944 2,492 146 1988 4/28/2017 Medical / Dental Brownsville TX 1,626 — 982 7,743 2,608 7,743 10,351 324 2018 5/5/2017 Medical / Dental Katy TX 233 1,228 — — 233 1,228 1,461 88 2012 5/18/2017 Medical / Dental Baytown TX 286 1,790 — — 286 1,790 2,076 127 2008 5/18/2017 Car Washes Las Cruces NM {f} 510 2,290 — — 510 2,290 2,800 184 2008 5/24/2017 Car Washes Las Cruces NM {f} 570 2,187 — — 570 2,187 2,757 176 2010 5/24/2017 Restaurants - Quick Service Inverness FL 382 493 — — 382 493 875 56 2003 5/30/2017 Building Materials Columbia Station OH {f} 1,078 1,437 — — 1,078 1,437 2,515 131 1961 6/1/2017 Building Materials Maumee OH {f} 733 1,238 — — 733 1,238 1,971 113 1963 6/1/2017 Building Materials Troy OH {f} 403 693 — — 403 693 1,096 63 1991 6/1/2017 Building Materials Jackson OH {f} 288 211 — — 288 211 499 19 1995 6/1/2017 Building Materials Lancaster OH {f} 376 833 — — 376 833 1,209 76 1995 6/1/2017 Building Materials Portsmouth OH {f} 133 160 — — 133 160 293 15 1996 6/1/2017 Building Materials Bridgeport WV {f} 386 273 — — 386 273 659 25 1978 6/1/2017 Building Materials Radcliff KY {f} 414 200 — — 414 200 614 18 1984 6/1/2017 Building Materials Gainesville FL {f} 934 638 — — 934 638 1,572 58 2003 6/1/2017 Building Materials Cartersville GA {f} 1,313 1,743 — — 1,313 1,743 3,056 159 2003 6/1/2017 Building Materials Douglasville GA {f} 1,026 2,421 — — 1,026 2,421 3,447 221 2004 6/1/2017 Building Materials El Paso TX {f} 901 177 — — 901 177 1,078 16 1984 6/1/2017 Building Materials Garland TX {f} 1,250 2,283 — — 1,250 2,283 3,533 209 2001 6/1/2017 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Building Materials Conroe TX {f} $ 2,150 $ 631 $ — $ — $ 2,150 $ 631 $ 2,781 $ 58 2002 6/1/2017 Building Materials Amarillo TX {f} 927 655 — — 927 655 1,582 60 2002 6/1/2017 Building Materials Grand Junction CO {f} 760 403 — — 760 403 1,163 37 1983 6/1/2017 Building Materials Mt. Pleasant SC {f} 1,097 171 — — 1,097 171 1,268 16 1983 6/1/2017 Building Materials Irondale AL {f} 546 227 — — 546 227 773 21 1975 6/1/2017 Building Materials Bessemer AL {f} 1,514 3,413 — — 1,514 3,413 4,927 312 2002 6/1/2017 Car Washes Farmington NM {f} 634 4,945 — — 634 4,945 5,579 398 2005 6/6/2017 Car Washes Farmington NM {f} 746 2,795 — — 746 2,795 3,541 225 2013 6/6/2017 Car Washes Pueblo CO {f} 898 5,103 — — 898 5,103 6,001 410 2008 6/6/2017 Restaurants - Quick Service Nashville GA 181 513 — — 181 513 694 49 1991 6/6/2017 Restaurants - Quick Service Soperton GA 312 443 — — 312 443 755 51 1992 6/6/2017 Movie Theatres Kenosha WI {f} 3,159 3,755 116 — 3,275 3,755 7,030 362 1997 6/8/2017 Entertainment Visalia CA {f} 1,320 2,320 — — 1,320 2,320 3,640 202 1984 6/30/2017 Automotive Service Knoxville TN {f} 518 695 — — 518 695 1,213 72 2008 7/21/2017 Automotive Service Forest Park GA {f} 498 850 — — 498 850 1,348 80 1992 7/21/2017 Automotive Service Martinez GA {f} 612 570 — — 612 570 1,182 68 1992 7/21/2017 Automotive Service Clarksville TN {f} 498 633 — — 498 633 1,131 63 1998 7/21/2017 Automotive Service Ocala FL {f} 518 715 — — 518 715 1,233 75 1989 7/21/2017 Automotive Service Orlando FL {f} 456 664 — — 456 664 1,120 62 1989 7/21/2017 Medical / Dental Montgomery AL 477 2,976 — — 477 2,976 3,453 202 2001 8/7/2017 Restaurants - Quick Service Algona IA 150 528 — — 150 528 678 45 1993 8/10/2017 Car Washes Buford GA {f} 1,353 3,693 — — 1,353 3,693 5,046 297 2010 8/15/2017 Early Childhood Education Orlando FL 1,175 4,362 — — 1,175 4,362 5,537 291 2010 8/25/2017 Automotive Service Garden City MI 366 961 — — 366 961 1,327 74 1984 8/29/2017 Automotive Service Troy MI 794 1,389 — — 794 1,389 2,183 107 1974 8/29/2017 Automotive Service Burton MI 188 1,180 — — 188 1,180 1,368 83 1955 8/29/2017 Pet Care Services Arvada CO 1,342 2,808 — 1,162 1,342 3,970 5,312 610 1982 9/5/2017 Medical / Dental Round Rock TX 713 6,821 — — 713 6,821 7,534 425 2016 9/12/2017 Car Washes Little Rock AR 685 3,361 — — 685 3,361 4,046 216 1976 9/12/2017 Car Washes Bryant AR 489 2,790 — — 489 2,790 3,279 173 1997 9/20/2017 Automotive Service Smyrna GA {f} 689 470 — — 689 470 1,159 42 1997 9/25/2017 Automotive Service Memphis TN {f} 417 1,294 — — 417 1,294 1,711 87 1985 9/25/2017 Automotive Service Longwood FL {f} 887 1,263 — — 887 1,263 2,150 113 2000 9/25/2017 Car Washes Anderson SC 793 4,031 — — 793 4,031 4,824 266 2008 9/26/2017 Car Washes Cornelia GA 470 2,670 — — 470 2,670 3,140 177 2001 9/26/2017 Car Washes South Commerce GA 607 3,072 — — 607 3,072 3,679 207 2016 9/26/2017 Car Washes Seneca SC 255 2,994 — — 255 2,994 3,249 186 2005 9/26/2017 Car Washes Greenville SC 715 2,724 — — 715 2,724 3,439 181 2005 9/26/2017 Restaurants - Quick Service East Bethel MN 764 1,353 — — 764 1,353 2,117 163 1996 9/27/2017 Restaurants - Quick Service Isanti MN 1,167 1,859 — — 1,167 1,859 3,026 187 1989 9/27/2017 Convenience Stores Braham MN 289 1,043 — — 289 1,043 1,332 87 1986 9/27/2017 Restaurants - Quick Service Grantsburg WI 640 1,673 — — 640 1,673 2,313 165 2005 9/27/2017 Health and Fitness Hobbs NM 938 1,503 — — 938 1,503 2,441 124 2016 9/28/2017 Health and Fitness Florence KY 868 2,186 — — 868 2,186 3,054 157 1994 9/28/2017 Automotive Service Magnolia TX 1,402 2,480 — — 1,402 2,480 3,882 215 2017 9/29/2017 Early Childhood Education Winter Garden FL 1,169 4,603 — — 1,169 4,603 5,772 316 2015 9/29/2017 Car Washes Springdale AR 597 1,908 — — 597 1,908 2,505 137 2009 9/29/2017 Car Washes Rogers AR 763 2,663 — — 763 2,663 3,426 181 2005 9/29/2017 Car Washes Shreveport LA 460 2,615 — — 460 2,615 3,075 176 2017 9/29/2017 Convenience Stores Jacksonville TX 587 1,357 — — 587 1,357 1,944 130 2012 9/29/2017 Convenience Stores Daingerfield TX 269 1,135 — — 269 1,135 1,404 86 1979 9/29/2017 Convenience Stores Jacksonville TX 368 916 — — 368 916 1,284 87 1996 9/29/2017 Description(a) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Gross Amount at December 31, 2019(b)(c) Accumulated Tenant Industry City State Encumbrances Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total Depreciation (d)(e) Year Constructed Date Acquired Co |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2019 | |
Mortgage Loans On Real Estate [Abstract] | |
Schedule IV - Mortgage Loans on Real Estate | ESSENTIAL PROPERTIES REALTY TRUST, INC. AND ESSENTIAL PROPERTIES REALTY TRUST, INC. PREDECESSOR Schedule IV - Mortgage Loans on Real Estate As of December 31, 2019 (Dollar amounts in thousands) Description Interest rate Final Maturity Date Periodic Payment Terms Final Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal or Interest First mortgage loans: Two Early Childhood Education Centers located in Florida 8.80% 5/8/2039 Interest only Balloon of $12,000 None $ 12,000 $ 12,000 None Two Early Childhood Education Centers located in Florida 8.53% 7/15/2039 Interest only Balloon of $7,300 None 7,300 7,300 None Two Family Dining Restaurants located in Texas 8.10% 6/30/2059 Principal + Interest Fully amortizing None 5,125 5,125 None Sixty-nine Quick Service Restaurants located in fifteen states 8.16% 8/31/2034 Interest only Balloon of $28,000 None 28,000 28,000 None Eighteen Car Washes located in six states 8.05% 12/31/2034 Interest only Balloon of $34,605 None 34,604 34,604 None $ 87,029 $ 87,029 The following shows changes in carrying amounts of mortgage loans receivable during the years ended December 31, 2019 and 2018 and 2017 (in thousands): Year ended December 31, 2019 2018 2017 Balance, beginning of period $ 14,854 $ — $ — Additions New mortgage loans 92,036 14,854 — Deductions Collections of principal (19,861 ) — — Balance, end of period $ 87,029 $ 14,854 $ — |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting | Basis of Accounting The accompanying consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with the rules and regulations of the SEC. In the opinion of management, all adjustments of a normal recurring nature necessary for a fair presentation have been included. |
Reclassification | Reclassification Certain amounts previously reported in the consolidated financial statements have been reclassified in the accompanying consolidated financial statements to conform to the current period’s presentation of gain on dispositions of real estate, net on the consolidated statement of operations and comprehensive income for the year ended December 31, 2017. The Company has presented gain on dispositions of real estate, net as a component of income from operations in order to present gains and losses on dispositions of properties in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (ASC) 360-10-45-5. This change in presentation was made for the prior periods as the SEC has eliminated Rule 3-15(a) of Regulation S-X, which previously had required the Company to present gains and losses on sale of properties outside of continuing operations in the Company’s consolidated statements of operations. Additionally, certain amounts previously reported in the consolidated statements of operations have been reclassified to conform to the current period’s presentation of rental revenue (due to the adoption of the new lease accounting standard, as discussed further below), interest income and income tax expense. |
Principles of Consolidation | Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and subsidiaries in which the Company has a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. As of December 31, 2019 and 2018, the Company held a 98.3% and 69.7% ownership interest in the Operating Partnership and the consolidated financial statements include the financial statements of the Operating Partnership as of these dates. See Note 8—Equity for changes in the ownership interest in the Operating Partnership. |
Use of Estimates | Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Real Estate Investments | Real Estate Investments Investments in real estate are carried at cost less accumulated depreciation and impairment losses. The cost of investments in real estate reflects their purchase price or development cost. The Company evaluates each acquisition transaction to determine whether the acquired asset meets the definition of a business. Under Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The Company allocates the purchase price of acquired properties accounted for as asset acquisitions to tangible and identifiable intangible assets or liabilities based on their relative fair values. Tangible assets may include land, site improvements and buildings. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. The Company incurs various costs in the leasing and development of its properties. Amounts paid to tenants that incentivize them to extend or otherwise amend an existing lease or to sign a new lease agreement are capitalized to lease incentives on the Company’s consolidated balance sheets. Tenant improvements are capitalized to building and improvements within the Company’s consolidated balance sheets. Costs incurred which are directly related to properties under development, which include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs and real estate taxes and insurance, are capitalized during the period of development as construction in progress. After the determination is made to capitalize a cost, it is allocated to the specific component of a project that benefited. Determination of when a development project commences, and capitalization begins, and when a development project has reached substantial completion, and is available for occupancy and capitalization must cease, involves a degree of judgment. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases based on the specific characteristics of each tenant’s lease. The Company estimates the cost to execute leases with terms similar to the remaining lease terms of the in-place leases, including leasing commissions, legal and other related expenses. Factors the Company considers in this analysis include an estimate of the carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses, and estimates of lost rentals at market rates during the expected lease-up periods, which primarily range from six to 12 months. The fair value of above- or below-market leases is recorded based on the net present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company’s estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining non-cancelable term of the lease including any below-market fixed rate renewal options for below-market leases. In making estimates of fair values for purposes of allocating purchase price, the Company uses a number of sources, including real estate valuations prepared by independent valuation firms. The Company also considers information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate (e.g., location, size, demographics, value and comparative rental rates), tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. Additionally, the Company considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. The Company uses the information obtained as a result of its pre-acquisition due diligence as part of its consideration of the accounting standard governing asset retirement obligations and, when necessary, will record an asset retirement obligation as part of the purchase price allocation. Real estate investments that are intended to be sold are designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount and fair value less estimated selling costs. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company’s operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive income for all applicable periods. |
Depreciation and Amortization | Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings and 15 years for site improvements. During the years ended December 31, 2019, 2018 and 2017, Lease incentives are amortized on a straight-line basis as a reduction of rental income over the remaining non-cancellable terms of the respective leases. If a tenant terminates its lease, the unamortized portion of the lease incentive is charged to rental revenue. Construction in progress is not depreciated until the development has reached substantial completion. Tenant improvements are depreciated over the non-cancellable term of the related lease or their estimated useful life, whichever is shorter. Capitalized above-market lease values are amortized on a straight-line basis as a reduction of rental revenue over the remaining non-cancellable terms of the respective leases. Capitalized below-market lease values are accreted on a straight-line basis as an increase to rental revenue over the remaining non-cancellable terms of the respective leases including any below-market fixed rate renewal option periods. Capitalized above-market ground lease values are accreted as a reduction of property expenses over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property expenses over the remaining terms of the respective leases and any expected below-market renewal option periods where renewal is considered probable. The value of in-place leases, exclusive of the value of above-market and below-market lease intangibles, is amortized to depreciation and amortization expense on a straight-line basis over the remaining periods of the respective leases. If a tenant terminates its lease, the unamortized portion of each intangible, including in-place lease values, is charged to depreciation and amortization expense, while above- and below-market lease adjustments are recorded within rental revenue in the consolidated statements of operations and comprehensive income. |
Loans Receivable | Loans Receivable The Company holds its loans receivable for long-term investment. Loans receivable are carried at amortized cost, including related unamortized discounts or premiums, if any. The Company recognizes interest income on loans receivable using the effective-interest method applied on a loan-by-loan basis. Direct costs associated with originating loans are offset against any related fees received and the balance, along with any premium or discount, is deferred and amortized as an adjustment to interest income over the term of the related loan receivable using the effective-interest method. The Company periodically evaluates the collectability of its loans receivable, including accrued interest, by analyzing the underlying property‑level economics and trends, collateral value and quality and other relevant factors in determining the adequacy of its allowance for loan losses. A loan is determined to be impaired when, in management’s judgment based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Specific allowances for loan losses are provided for impaired loans on an individual loan basis in the amount by which the carrying value exceeds the estimated fair value of the underlying collateral less disposition costs. As of December 31, 2019 and 2018, the Company had no allowance for loan losses recorded in its consolidated financial statements. |
Direct Financing Lease Receivables | Direct Financing Lease Receivables Certain of the Company’s real estate investment transactions are accounted for as direct financing leases. The Company records the direct financing lease receivables at their net investment, determined as the aggregate minimum lease payments and the estimated non-guaranteed residual value of the leased property less unearned income. The unearned income is recognized over the term of the related lease so as to produce a constant rate of return on the net investment in the asset. The Company’s investment in direct financing lease receivables is reduced over the applicable lease term to its non-guaranteed residual value by the portion of rent allocated to the direct financing lease receivables. Subsequent to the adoption of ASC 842, Leases If and when an investment in direct financing lease receivables is identified for impairment evaluation, the Company will apply the guidance in both ASC 310, Receivables Leases |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets If circumstances indicate that the carrying value of a property may not be recoverable, the Company reviews the property for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. Impairment assessments have a direct impact on the consolidated statements of operations, because recording an impairment loss results in an immediate negative adjustment to the consolidated statements of operations. During the years ended December 31, 2019, 2018 and 2017, the Company recorded a provision for impairment of real estate of $2.9 million, $4.5 million and $2.4 million, respectively. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents includes cash in the Company’s bank accounts. The Company considers all cash balances and highly liquid investments with original maturities of three months or less to be cash and cash equivalents. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to an insurance limit. As of December 31, 2019 and 2018, the Company had deposits of $8.3 million and $4.2 million, respectively, of which and $8.1 million and $4.0 million, respectively, were in excess of the amount insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result. |
Restricted Cash | Restricted Cash Restricted cash primarily consists of cash held with the trustee for the Company’s Master Trust Funding Program (as defined in Note 6—Secured Borrowings). This restricted cash is used to make principal and interest payments on the Company’s secured borrowings, to pay trust expenses and to acquire future real estate investments which will be pledged as collateral under the Master Trust Funding Program. See Note 6—Secured Borrowings for further discussion. |
Adjustment to Rental Revenue for Tenant Credit/Allowance for Doubtful Accounts | Adjustment to Rental Revenue for Tenant Credit/Allowance for Doubtful Accounts The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Prior to January 1, 2019, if the collectability of a receivable was in doubt, the accounts receivable and straight-line rent receivable balances were reduced by an allowance for doubtful accounts on the consolidated balance sheets or a direct write-off of the receivable was recorded in the consolidated statements of operations. The provision for doubtful accounts was included in property expenses in the Company’s consolidated statements of operations. If the accounts receivable balance or straight-line rent receivable balance was subsequently deemed to be uncollectible, such receivable amounts were written-off to the allowance for doubtful accounts. As of January 1, 2019, if the assessment of the collectability of substantially all payments due under a lease changes from probable to not probable, any difference between the rental revenue recognized to date and the lease payments that have been collected is recognized as a current period adjustment to rental revenue in the consolidated statements of operations. As of December 31, 2018, the Company recorded an allowance for doubtful accounts of $0.2 million related to base rent receivable and recorded no allowance for doubtful accounts related to straight-line rent receivable. During the year ended December 31, 2019, the Company recognized an adjustment to rental revenue for tenant credit of $0.6 million. |
Deferred Financing Costs | Deferred Financing Costs Financing costs related to establishing the Company’s 2018 Credit Facility and Revolving Credit Facility (as defined below) were deferred, are being amortized as an increase to interest expense in the consolidated statements of operations over the term of the facility and are reported as a component of prepaid expenses and other assets, net on the consolidated balance sheets. Financing costs related to the issuance of the Company’s secured borrowings under the Master Trust Funding Program, the April 2019 Term Loan and the November 2019 Term Loan were deferred, are being amortized as an increase to interest expense in the consolidated statements of operations over the term of the related debt instrument and are reported as a reduction of the related debt balance on the consolidated balance sheets. |
Derivative Instruments | Derivative Instruments In the normal course of business, the Company uses derivative financial instruments, which may include interest rate swaps, caps, options, floors and other interest rate derivative contracts, The Company records all derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may also enter into derivative contracts that are intended to economically hedge certain risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If a derivative is designated and qualifies for cash flow hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) in the consolidated statements of comprehensive income to the extent that it is effective. Any ineffective portion of a change in derivative fair value is immediately recorded in earnings. If the Company elects not to apply hedge accounting treatment (or for derivatives that do not qualify as hedges), any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statements of operations. |
Fair Value Measurement | Fair Value Measurement The Company estimates fair value of financial and non-financial assets and liabilities based on the framework established in fair value accounting guidance. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The hierarchy described below prioritizes inputs to the valuation techniques used in measuring the fair value of assets and liabilities. This hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs to be used when available. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1—Quoted prices in active markets for identical assets and liabilities that the Company has the ability to access at the measurement date. Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. Level 3—Unobservable inputs that reflect the Company’s own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. |
Revenue Recognition | Revenue Recognition The Company’s rental revenue is primarily rent received from tenants. Rent from tenants is recorded in accordance with the terms of each lease on a straight-line basis over the non-cancellable initial term of the lease from the later of the date of the commencement of the lease and the date of acquisition of the property subject to the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Because substantially all of the leases provide for rental increases at specified intervals, the Company records a straight-line rent receivable and recognizes revenue on a straight-line basis through the expiration of the non-cancelable term of the lease. The Company takes into account whether the collectability of rents is reasonably assured in determining the amount of straight-line rent to record. Generally, the Company’s leases provide the tenant with one or more multi-year renewal options, subject to generally the same terms and conditions provided under the initial lease term, including rent increases. If economic incentives make it reasonably certain that an option period to extend the lease will be exercised, the Company will include these options in determining the non-cancelable term of the lease. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. These amounts are presented within accrued liabilities and other payables on the Company’s consolidated balance sheets. Certain properties in the Company’s investment portfolio are subject to leases that provide for contingent rent based on a percentage of the tenant’s gross sales. For these leases, the Company recognizes contingent rental revenue when the threshold upon which the contingent lease payment is based is actually reached. During the years ended December 31, 2019, 2018 and 2017, the Company recorded contingent rent of $0.9 million, $1.1 million, and $1.1 million, respectively. |
Organizational Costs | Organizational Costs Costs related to the initial organization of the Company and its subsidiaries are expensed as they are incurred and are recorded within general and administrative expense in the Company’s consolidated statements of operations. |
Offering Costs | Offering Costs In connection with the IPO, the Follow-On Offering, and its ATM Program, the Company incurred legal, accounting and other offering-related costs. Such costs have been deducted from the gross proceeds of each of the IPO, the Follow-On Offering and the ATM Program. As of December 31, 2019 and 2018, the Company had capitalized $49.0 million and $35.1 million, respectively, of such costs in the Company’s consolidated balance sheets. These costs are presented as a reduction of additional paid-in capital as of December 31, 2019 and December 31, 2018. Legal, accounting and other offering-related costs incurred in connection with the Secondary Offering were expensed as incurred and are recorded within general and administrative expense in the Company’s consolidated statements of operations. |
Gains and Losses on Dispositions of Real Estate | Gains and Losses on Dispositions of Real Estate Through December 31, 2017, gains and losses on dispositions of real estate investments were recorded in accordance with ASC 360-20, Property, Plant and Equipment—Real Estate Sales On January 1, 2018, the Company adopted FASB ASU 2017-05, Other Income — Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets |
Income Taxes | Income Taxes EPRT Inc. elected and qualified to be taxed as a REIT under sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 2018. REITs are subject to a number of organizational and operational requirements, including a requirement that 90% of ordinary “REIT taxable income” (as determined without regard to the dividends paid deduction or net capital gains) be distributed. As a REIT, the Company will generally not be subject to U.S. federal income tax to the extent that it meets the organizational and operational requirements and its distributions equal or exceed REIT taxable income. For the period subsequent to the effective date of its REIT election, the Company continues to meet the organizational and operational requirements and expects distributions to exceed net taxable income. Accordingly, no provision has been made for U.S. federal income taxes. Even though the Company has elected and qualifies for taxation as a REIT, it may be subject to state and local income and franchise taxes, and to federal income and excise tax on its undistributed income. Franchise taxes and federal excise taxes on the Company’s undistributed income, if any, are included in general and administrative expenses on the accompanying consolidated statements of operations. Additionally, taxable income from non-REIT activities managed through the Company's taxable REIT subsidiary is subject to federal, state, and local taxes. The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in such jurisdictions. The Company follows a two-step process to evaluate uncertain tax positions. Step one, recognition, occurs when an entity concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Step two, measurement, determines the amount of benefit that is more-likely-than-not to be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The use of a valuation allowance as a substitute for derecognition of tax positions is prohibited. As of December 31, 2019 and 2018, the Company did not record any accruals for uncertain tax positions. The Company’s policy is to classify interest expense and penalties in general and administrative expense in the consolidated statements of operations. During the years ended December 31, 2019 and 2018, the Company did not record any interest or penalties, and there are no interest or penalties accrued at December 31, 2019 and 2018. The 2019, 2018, 2017 and 2016 taxable years remain open to examination by federal and state taxing jurisdictions to which the Company is subject. |
Equity Based Compensation | Equity-Based Compensation In 2019 and 2018, EPRT Inc. granted shares of restricted common stock and restricted share units (“RSUs”) to its directors, executive officers and other employees that vest over multiple periods, subject to the recipient’s continued service. In 2019, EPRT Inc. granted performance-based RSUs to its executive officers, the final number of which is determined based on market and subjective performance conditions and which vest over a multi-year period, subject to the recipient’s continued service. In 2017, the Predecessor granted unit-based compensation awards to certain of its employees and managers, as well as non-employees, consisting of units that vest over a multi-year period, subject to the recipient’s continued service. The Company accounts for the restricted common stock, RSUs and unit-based compensation in accordance with ASC 718, Compensation – Stock Compensation, which requires that such compensation be recognized in the financial statements based on their estimated grant-date fair value. The value of such awards is recognized as compensation expense in general and administrative expenses in the accompanying consolidated statements of operations over the requisite service periods. The Company recognizes compensation expense for equity-based compensation using the straight-line method based on the terms of the individual grant. |
Variable Interest Entities | Variable Interest Entities The FASB provides guidance for determining whether an entity is a variable interest entity (a “VIE”). VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. A VIE is required to be consolidated by its primary beneficiary, which is the party that (i) has the power to control the activities that most significantly impact the VIE’s economic performance and (ii) has the obligation to absorb losses, or the right to receive benefits, of the VIE that could potentially be significant to the VIE. Following the completion of the Formation Transactions, the Company concluded that the Operating Partnership is a VIE of which the Company is the primary beneficiary, as the Company has the power to direct the activities that most significantly impact the economic performance of the Operating Partnership . Substantially all of the Company’s assets and liabilities are held by the Operating Partnership. The assets and liabilities of the Operating Partnership are consolidated and reported as assets and liabilities on the Company’s consolidated balance sheet as of December 31, 2019 and . As of , the Company concluded that an entity which it had provided a mortgage loan receivable was a VIE because the terms of the loan agreement limited the entity’s ability to absorb expected losses or the entity’s right to receive expected residual returns. However, the Company was not the primary beneficiary of the entity, because the Company did not have the power to direct the activities that most significantly impact the entity’s economic performance. As of , the carrying amount of the Company’s loan receivable with this entity was , and the Company’s maximum exposure to loss in this entity is limited to the carrying amount of its investment. The Company had no liabilities associated with this investment as of December 31, 2018. In March 2019, the borrowing entity under this mortgage loan settled the principal amount in full and the Company had no loan receivable from this entity as of . As of December 31, 2019 he Company concluded that seven entities to which it had provided mortgage loans were VIEs, because the entities’ equity was not sufficient to finance their activities without additional subordinated financial support. However, the Company was not the primary beneficiary of the entities, because the Company did not have the power to direct the activities that most significantly impact the entities’ economic performance. As of December 31, 2019 the carrying amount of the Company’s loans receivable with these entities was $60.5 million and the Company’s maximum exposure to loss in these entities is limited to the carrying amount of its investment. The Company had no liabilities associated with these VIEs as of December 31, 2019 |
Reportable Segments | Reportable Segments ASC Topic 280, Segment Reporting, establishes standards for the manner in which enterprises report information about operating segments. Substantially all of the Company’s investments, at acquisition, are comprised of real estate owned that is leased to tenants on a long-term basis. Therefore, the Company aggregates these investments for reporting purposes and operates in one reportable segment. |
Net Income Per Common Share | Net Income per Share Net income per share has been computed pursuant to the guidance in the FASB ASC Topic 260, Earnings Per Share Diluted net income per share of common stock further considers the effect of potentially dilutive shares of common stock outstanding during the period, including the assumed vesting of restricted share units with a market-based or service-based vesting condition, where dilutive. The OP Units held by non-controlling interests represent potentially dilutive securities, as the OP Units may be redeemed for cash or, at the Company’s election, exchanged for shares of the Company’s common stock on a one-for-one basis. The following is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share (dollars in thousands): (dollar amounts in thousands) Year Ended December 31, 2019 Period from June 25, 2018 to December 31, 2018 Numerator for basic and diluted earnings per share: Net income $ 48,025 $ 16,329 Less: net income attributable to non-controlling interests (6,181 ) (5,001 ) Less: net income allocated to unvested restricted common stock and RSUs (493 ) (300 ) Net income available for common stockholders: basic 41,351 11,028 Net income attributable to non-controlling interests 6,181 5,001 Net income available for common stockholders: diluted $ 47,532 $ 16,029 Denominator for basic and diluted earnings per share: Weighted average common shares outstanding 64,714,087 43,325,968 Less: weighted average number of shares of unvested restricted common stock (610,029 ) (691,290 ) Weighted average shares outstanding used in basic net income per share 64,104,058 42,634,678 Effects of dilutive securities: (1) OP Units 10,793,700 19,056,552 Unvested restricted common stock and RSUs 412,138 74,727 Weighted average shares outstanding used in diluted net income per share 75,309,896 61,765,957 (1) Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive. |
Recent Accounting Developments | Recent Accounting Developments In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) to amend the accounting for leases. This standard requires lessees to classify leases as either finance or operating leases based on certain criteria and record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their classification. The new standard requires lessors to account for leases using an approach that is substantially equivalent to the previous guidance for sales-type leases, direct financing leases and operating leases. The standard also eliminates current real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs, lease modifications and lease executory costs for all entities. Certain changes to the guidance pertaining to sale-leaseback transactions may impact the Company. For example, the inclusion of a purchase option in the lease associated with a sale-leaseback transaction will now result in the lessor accounting for such transaction as a financing arrangement. ASU 2016-02 was effective for the Company on January 1, 2019 and, in accordance with the provisions of ASU 2018-11, Leases (Topic 842), Targeted Improvements, was adopted by the Company using the modified retrospective approach as of the beginning of the period of adoption. There was no impact to retained earnings at the time of adoption and, therefore, no cumulative-effect adjustment was recorded. At the time of adoption, both lessees and lessors are permitted to make an election to apply a package of practical expedients available for implementation under the standard. The Company applied this package of practical expedients and, as such, at the time of adoption did not reassess the classification of existing lease contracts, whether existing or expired contracts contain a lease or whether a portion of initial direct costs for existing leases should have been expensed. In addition, the Company adopted the practical expedient provided in ASU 2018-11 that allows lessors to not separate non-lease components from the related lease components. The Company made this determination as the timing and pattern of transfer for the lease and non-lease components associated with its leases are the same and the lease components, if accounted for separately, would be classified as operating leases in accordance with ASC 842. The accounting applied by a lessor is largely unchanged under ASU 2016-02; however, the standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in obtaining a lease. Under the previous standards, certain of these costs were capitalizable. Although primarily a lessor, the Company is also a lessee under several ground lease arrangements and under its corporate office and office equipment leases. The Company completed its inventory and evaluation of these leases, calculated a right-of-use asset and a lease liability for the present value of the minimum lease payments and recognized an initial $4.8 million right-of-use asset and lease liability upon adoption on January 1, 2019. For a portion of the Company’s ground lease arrangements, the sublessees, or the Company’s tenants, are responsible for making payment directly to the ground lessors. Prior to the new standard such amounts were presented on a net basis; however, upon adoption of ASU 2016-02 the expense related to the ground lease obligations, along with the related sublease revenues, is presented on a gross basis in the consolidated statements of operations. ASU 2016-02 also requires additional disclosures within the notes accompanying the consolidated financial statements. Substantially all of the Company’s lease contracts (under which the Company is the lessor) are “triple-net” leases, which means that its tenants are responsible for making payments to third parties for operating expenses such as property taxes and insurance costs associated with the properties the Company leases to them. Under the previous lease accounting guidance, these payments were excluded from rental revenue. In December 2018, the FASB issued ASU 2018-20 Leases (Topic 842), Narrow-Scope Improvements for Lessors. This update requires the Company to exclude from variable lease payments, and therefore revenue and expense, costs paid by its tenants directly to third parties (a net presentation). Costs paid by the Company and reimbursed by its tenants are included in rental revenue and property expenses (a gross presentation) in the Company’s consolidated statements of operations. In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”) In February 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments Financial Instruments - Credit Losses |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Reconciliation of Numerator and Denominator used in Computation of Basic and Diluted Net Income Per Share | The following is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share (dollars in thousands): (dollar amounts in thousands) Year Ended December 31, 2019 Period from June 25, 2018 to December 31, 2018 Numerator for basic and diluted earnings per share: Net income $ 48,025 $ 16,329 Less: net income attributable to non-controlling interests (6,181 ) (5,001 ) Less: net income allocated to unvested restricted common stock and RSUs (493 ) (300 ) Net income available for common stockholders: basic 41,351 11,028 Net income attributable to non-controlling interests 6,181 5,001 Net income available for common stockholders: diluted $ 47,532 $ 16,029 Denominator for basic and diluted earnings per share: Weighted average common shares outstanding 64,714,087 43,325,968 Less: weighted average number of shares of unvested restricted common stock (610,029 ) (691,290 ) Weighted average shares outstanding used in basic net income per share 64,104,058 42,634,678 Effects of dilutive securities: (1) OP Units 10,793,700 19,056,552 Unvested restricted common stock and RSUs 412,138 74,727 Weighted average shares outstanding used in diluted net income per share 75,309,896 61,765,957 (1) Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive. |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Investments [Abstract] | |
Schedule of Information about Acquisition Activity | The following table presents information about the Company’s acquisition activity during the year ended December 31, 2019: (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 281 Allocation of purchase price: Land and improvements $ 191,311 Building and improvements 370,312 Construction in progress (2) 17,858 Intangible lease assets 18,802 Assets acquired 598,283 Intangible lease liabilities (188 ) Liabilities assumed (188 ) Purchase price (including acquisition costs) $ 598,095 (1) During the year ended December 31, 2019, the Company acquired the fee interest in 279 properties and acquired (2) Represents amounts incurred at and subsequent to acquisition and includes approximately $0.3 million of capitalized interest expense. (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 204 Allocation of purchase price: Land and improvements $ 160,362 Building and improvements 316,894 Construction in progress (2) 15,258 Intangible lease assets 12,227 Assets acquired 504,741 Intangible lease liabilities (1,132 ) Liabilities assumed (1,132 ) Purchase price (including acquisition costs) $ 503,609 (1) During the year ended December 31, 2018, the Company acquired the fee interest in 203 properties and acquired one property subject to a ground lease arrangement. (2) Represents amounts incurred at and subsequent to acquisition and includes $0.2 million of capitalized interest expense. (Dollar amounts in thousands) Total Investments Ownership type (1) Number of properties acquired 204 Allocation of purchase price: Land and improvements $ 160,362 Building and improvements 316,894 Construction in progress (2) 15,258 Intangible lease assets 12,227 Assets acquired 504,741 Intangible lease liabilities (1,132 ) Liabilities assumed (1,132 ) Purchase price (including acquisition costs) $ 503,609 (1) During the year ended December 31, 2018, the Company acquired the fee interest in 203 properties and acquired one property subject to a ground lease arrangement. (2) Represents amounts incurred at and subsequent to acquisition and includes $0.2 million of capitalized interest expense. |
Schedule of Gross Investment Activity | During the years ended December 31, 2019, 2018 and 2017, the Company had the following gross investment activity: (Dollar amounts in thousands) Number of Investment Locations Dollar Amount of Investments Gross investments, December 31, 2016 344 $ 458,667 Acquisitions of and additions to real estate investments 212 535,394 Sales of investments in real estate and direct financing lease receivables (47) (51,120 ) Relinquishment of property at end of ground lease term (1) (542 ) Provisions for impairment of real estate (1) (2,466 ) Principal collections on direct financing lease receivables (79 ) Other (782 ) Gross investments, December 31, 2017 508 $ 939,072 Acquisitions of and additions to real estate investments 204 506,949 Sales of investments in real estate (45) (58,084 ) Relinquishment of properties at end of ground lease term (2) (853 ) Provisions for impairment of real estate (2) (4,543 ) Investments in loans receivable (5) 12 (4) 14,854 Principal collections on direct financing lease receivables (74 ) Other (2,772 ) Gross investments, December 31, 2018 677 $ 1,394,549 Acquisitions of and additions to real estate investments 281 603,677 Sales of investments in real estate (37) (65,571 ) Relinquishment of properties at end of ground lease term (3) (700 ) Provisions for impairment of real estate (3) (2,918 ) Investments in loans receivable 95 94,637 Principal collections on and settlements of loans and direct financing lease receivables (6) (13) (19,958 ) Other (1,402 ) Gross investments, December 31, 2019 2,002,314 Less: Accumulated depreciation and amortization (7) (90,071 ) Net investments, December 31, 2019 1,000 $ 1,912,243 ( 1 ) During the year ended December 31, 2017, the Company identified and recorded provisions for impairment at 6 vacant and 3 tenanted properties. The amount in the table above excludes $0.1 million related to intangible lease liabilities for these assets. ( 2 ) During the year ended December 31, 2018, the Company identified and recorded provisions for impairment at 7 vacant and 14 tenanted properties. The amount in the table above excludes approximately $40,000 related to intangible lease liabilities for these assets. (3) During the year ended December 31, 2019, the Company identified and recorded provisions for impairment at 1 vacant and 7 tenanted properties. (4) Excludes improvements at one property securing a $3.2 million development construction loan as the land at this location is included in acquisitions of and additions to real estate investments for 2018. ( 5 ) Includes $3.5 million of loan receivable made to the purchaser of one real estate property as of December 31, 2018. (6) During the year ended December 31, 2019, the Company acquired 11 properties that had secured three of its loans receivable for an aggregate purchase price of $12.9 million. These loans receivable had a carrying value of $11.6 million prior to their settlement. (7) Includes $71.6 million of accumulated depreciation as of December 31, 2019. |
Schedule of Loans Receivable | The Company’s loans receivable as of December 31, 2019 Number of Secured Principal Balance Outstanding, December 31, Loan Type Monthly Payment Properties Interest Rate Maturity Date 2019 2018 Mortgage (1)(2) Interest only 10.00 % 2021 $ — $ 2,376 Mortgage (1) Interest only 7.55 % 2019 — 5,748 Mortgage (1)(2) Interest only 5.25 % 2019 — 3,500 Mortgage (1)(2) Interest only 2 8.80 % 2039 12,000 — Mortgage (2) Principal + Interest 2 8.10 % 2059 5,125 — Mortgage (1) Interest only 2 8.53 % 2039 7,300 — Mortgage (1) Interest only 69 8.16 % 2034 28,000 — Mortgage (1) Principal + Interest 18 8.05 % 2034 34,604 — Development construction (2)(3) Principal + Interest 8.00 % 2058 — 3,230 Leasehold interest (4) Principal + Interest (4) 10.69 % 2039 1,435 — Leasehold interest (5) Principal + Interest 1 2.25 % 2034 1,164 — Net investment $ 89,628 $ 14,854 (1 ) Loan requires monthly payments of interest only with a balloon payment due at maturity. (2) Loan allows for prepayments in whole or in part without penalty. (3) Loan was secured by a mortgage on the building and improvements at the development property. The Company provided periodic funding to the borrower under this arrangement as construction progressed. (4) This leasehold interest transaction is accounted for as a loan receivable, as the lease for two land parcels contains an option for the lessee to repurchase the leased assets in 2024 or 2025. (5) This leasehold interest transaction is accounted for as a loan receivable, as the lease for one property contains an option for the lessee to repurchase the leased asset in 2034. |
Scheduled Principal Payments Due to be Received under Loans Receivable | Scheduled principal payments due to be received under the Company’s loans receivable as of December 31, 2019 are as follows: (in thousands) Loans Receivable 2020 $ 63 2021 77 2022 82 2023 87 2024 92 Thereafter 89,227 Total $ 89,628 |
Schedule of Direct Financing Lease Receivables | The components of the investments accounted for as direct financing lease receivables were as follows: December 31, (in thousands) 2019 2018 Minimum lease payments receivable $ 3,866 $ 4,198 Estimated unguaranteed residual value of leased assets 270 270 Unearned income from leased assets (1,581 ) (1,817 ) Net investment $ 2,555 $ 2,651 |
Scheduled Future Minimum Non-cancelable Base Rental Payments Under Direct Financing Lease Receivables | Scheduled future minimum non-cancelable base rental payments due to be received under the direct financing lease receivables as of December 31, 2019 are as follows: (in thousands) Future Minimum Base Rental Payments 2020 $ 337 2021 340 2022 345 2023 347 2024 289 Thereafter 2,208 Total $ 3,866 |
Activity in Real Estate Investments and Intangible Lease Liabilities Held for Sale | The following table shows the activity in real estate investments held for sale and intangible lease liabilities held for sale during the years ended December 31, 2019 and 2018. (Dollar amounts in thousands) Number of Properties Real Estate Investments Intangible Lease Liabilities Net Carrying Value Held for sale balance, December 31, 2017 3 $ 4,173 $ (129 ) $ 4,044 Transfers to held for sale classification 12 14,487 (256 ) 14,231 Sales (15 ) (18,660 ) 385 (18,275 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2018 — — — — Transfers to held for sale classification 5 $ 7,450 $ 7,450 Sales (4 ) (6,239 ) — (6,239 ) Transfers to held and used classification — — — — Held for sale balance, December 31, 2019 1 $ 1,211 $ — $ 1,211 |
Schedule of External Customers by Geographic Areas | The following table lists the states where the rental revenue from the properties in that state during the periods presented represented 10% or more of total rental revenue in the Company’s consolidated statements of operations: Year ended December 31, State 2019 2018 2017 Texas 12.4% 12.5% 13.1% Georgia 10.8% 11.5% * Florida * * 10.2% * State's rental revenue was not greater than 10% of total rental revenue for all portfolio properties during the period specified. |
Schedule of Intangible Assets and Liabilities | Intangible assets and liabilities consisted of the following as of the dates presented: December 31, 2019 December 31, 2018 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 64,828 $ 14,195 $ 50,633 $ 50,317 $ 9,498 $ 40,819 Intangible market lease assets 14,094 4,228 9,866 16,104 4,144 11,960 Total intangible assets $ 78,922 $ 18,423 $ 60,499 $ 66,421 $ 13,642 $ 52,779 Intangible market lease liabilities $ 12,054 $ 2,490 $ 9,564 $ 14,894 $ 3,278 $ 11,616 |
Summary of Remaining Weighted Average Amortization Period for Intangible Assets and Liabilities | The remaining weighted average amortization period for the Company’s intangible assets and liabilities as of December 31, 2019, by category and in total, were as follows: Years Remaining In-place leases 9.8 Intangible market lease assets 14.2 Total intangible assets 10.6 Intangible market lease liabilities 17.1 |
Summary of Amortization and Accretion Recognized | The following table discloses amounts recognized within the consolidated statements of operations related to amortization of in-place leases, amortization and accretion of above- and below-market lease assets and liabilities, net and the amortization and accretion of above- and below-market ground leases for the periods presented: Year ended December 31, (in thousands) 2019 2018 2017 Amortization of in-place leases (1) $ 6,272 $ 6,465 $ 5,461 Amortization (accretion) of market lease intangibles, net (2) 866 780 1,071 Amortization (accretion) of above- and below-market ground lease intangibles, net (3) (333 ) (443 ) (540 ) (1) Reflected within depreciation and amortization expense. (2) Reflected within rental revenue. (3) Reflected within property expenses. |
Summary of Projected Amortization Expenses for Next Five Years | The following table provides the projected amortization of in-place lease assets to depreciation and amortization expense and net amortization of above- and below-market lease intangibles to rental revenue for the next five years: (in thousands) 2020 2021 2022 2023 2024 In-place lease assets $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Adjustment to amortization expense $ 6,377 $ 6,164 $ 6,013 $ 5,578 $ 4,781 Above-market lease assets $ (829 ) $ (810 ) $ (809 ) $ (777 ) $ (744 ) Below-market lease liabilities 551 552 552 501 500 Net adjustment to rental revenue $ (278 ) $ (258 ) $ (257 ) $ (276 ) $ (244 ) |
Credit Facilities (Tables)
Credit Facilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Revolving Credit Facility | |
Debt Instrument [Line Items] | |
Summary of Information about Revolving Credit Facility and 2018 Credit Facility | The following table presents information about the Revolving Credit Facility and the 2018 Credit Facility for the years ended December 31, 2019 and 2018: (in thousands) 2019 2018 Balance on January 1, $ 34,000 $ — Borrowings 459,000 34,000 Repayments (447,000 ) — Balance on December 31, $ 46,000 $ 34,000 |
Derivative and Hedging Activi_2
Derivative and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Notional Amount and Fair Value of Instruments | The following table summarizes the notional amount at inception and fair value of these instruments on the Company's balance sheet as of December 31, 2019 (dollar amounts in thousands): Derivatives Designated as Hedging Instruments Fixed Rate Paid by Company Variable Rate Paid by Bank Effective Date Maturity Date Notional Value (1) Fair Value of Asset/ (Liability) (2) (3) Interest Rate Swap 2.06% 1 month LIBOR 5/14/2019 4/12/2024 $ 100,000 $ (1,996 ) Interest Rate Swap 2.06% 1 month LIBOR 5/14/2019 4/12/2024 50,000 (999 ) Interest Rate Swap 2.07% 1 month LIBOR 5/14/2019 4/12/2024 50,000 (1,005 ) Interest Rate Swap 1.61% 1 month LIBOR 12/9/2019 11/26/2026 175,000 758 Interest Rate Swap 1.61% 1 month LIBOR 12/9/2019 11/26/2026 50,000 210 Interest Rate Swap 1.60% 1 month LIBOR 12/9/2019 11/26/2026 25,000 127 $ 450,000 $ (2,905 ) |
Secured Borrowings (Tables)
Secured Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Summary of Scheduled Principal Payments | The following table summarizes the scheduled principal payments on the Company’s secured borrowings under the Master Trust Funding Program as of December 31, 2019: (in thousands) Future Principal Payments 2020 $ 3,885 2021 4,083 2022 4,292 2023 4,512 2024 222,330 Total $ 239,102 |
Notes Payable to Related Part_2
Notes Payable to Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Summary of Activity Related to Company's Notes Payable to Related Parties | The following table presents the activity related to the Company’s notes payable to related parties for the years ended December 31, 2019, 2018 and 2017: (in thousands) Warehouse Notes Other Short- term Note Total Outstanding, January 1, 2017 $ — $ — $ — Borrowings 523,000 20,000 543,000 Repayments (293,000 ) (20,000 ) (313,000 ) Outstanding, December 31, 2017 230,000 — 230,000 Borrowings 154,000 — 154,000 Repayments (384,000 ) — (384,000 ) Outstanding, December 31, 2018 — — — Borrowings — — — Repayments — — — Outstanding, December 31, 2019 $ — $ — $ — |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Equity [Abstract] | |
Summary of Quarterly Cash Dividends | During the year ended December 31, 2019 and the period from June 25, 2018 to December 31, 2018, the Company’s board of directors declared the following quarterly cash dividends on common stock: Date Declared Record Date Date Paid Dividend per Share of Common Stock Total Dividend (dollars in thousands) December 6, 2019 December 31, 2019 January 15, 2020 $ 0.23 $ 19,268 September 6, 2019 September 30, 2019 October 15, 2019 $ 0.22 $ 17,531 June 5, 2019 June 28, 2019 July 15, 2019 $ 0.22 $ 12,725 March 7, 2019 March 29, 2019 April 16, 2019 $ 0.21 $ 12,143 December 7, 2018 December 31, 2018 January 14, 2019 $ 0.21 $ 9,187 August 29, 2018 September 28, 2018 October 12, 2018 $ 0.224 $ 9,800 |
Equity Based Compensation (Tabl
Equity Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Schedule of Assumptions Used in Measurement of Grant Date Fair Value of Total Shareholder Return RSUs Using Monte Carlo Simulation Model | The grant date fair value of the TSR RSUs was measured using a Monte Carlo simulation model based on the following assumptions: Volatility 18 % Risk-free rate 2.57 % |
Schedule of Information about RSA and RSU Activity | The following table presents information about the Company’s RSA and RSU activity during the years ended December 31, 2019 and 2018: Restricted Stock Awards Restricted Stock Units Shares Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Unvested, January 1, 2018 — — — — Granted 691,290 13.68 — — Vested — — — — Forfeited — — — — Unvested, December 31, 2018 691,290 13.68 — — Granted 46,368 14.12 100,814 22.80 Vested (244,957 ) 13.69 — — Forfeited — — — — Unvested, December 31, 2019 492,701 13.72 100,814 22.80 |
Schedule of Information about Unvested Class B and Class D Units | The following table presents information about the unvested Class B and Class D units during the years ended December 31, 2019, 2018 and 2017: Class B Units Class D Units Total Unvested, January 1, 2017 — — — Granted 8,550 3,000 11,550 Vested (1,610 ) (600 ) (2,210 ) Forfeited — — — Unvested, December 31, 2017 6,940 2,400 9,340 Granted — — — Vested (1,710 ) (600 ) (2,310 ) Forfeited — — — Unvested, December 31, 2018 5,230 1,800 7,030 Granted — — — Vested (5,230 ) (1,800 ) (7,030 ) Forfeited — — — Unvested, December 31, 2019 — — — |
Restricted Stock Awards | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Schedule of Information about RSAs, RSUs and Class B and Class D Units | The following table presents information about the Company’s RSAs for the periods presented: Year ended December 31, (in thousands) 2019 2018 Compensation cost recognized in general and administrative expense $ 3,394 $ 1,692 Dividends declared on unvested RSAs and charged directly to distributions in excess of cumulative earnings 486 300 Fair value of shares vested during the period 3,354 — |
Schedule of Unrecognized Compensation Cost | The following table presents information about the Company’s RSAs as of the dates presented: December 31, (Dollars in thousands) 2019 2018 Total unrecognized compensation cost $ 5,026 $ 7,764 Weighted average period over which compensation cost will be recognized (in years) 1.6 2.5 |
Restricted Stock Units | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Schedule of Information about RSAs, RSUs and Class B and Class D Units | The following table presents information about the Company’s RSUs for the period presented: (in thousands) Year ended December 31, 2019 Compensation cost recognized in general and administrative expense $ 714 Dividend equivalents declared and charged directly to distributions in excess of cumulative earnings 8 Fair value of units vested during the period — |
Schedule of Unrecognized Compensation Cost | The following table presents information about the Company’s RSUs as of the date presented: (Dollars in thousands) December 31, 2019 Total unrecognized compensation cost $ 1,584 Weighted average period over which compensation cost will be recognized (in years) 2.4 |
Class B and Class D Units | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Schedule of Information about RSAs, RSUs and Class B and Class D Units | The following table presents information about the Class B and Class D units for the periods presented: Year ended December 31, (in thousands) 2019 2018 2017 Compensation cost recognized in general and administrative expense $ 2,162 $ 747 $ 841 Fair value of units vested during the period 2,283 718 612 |
Schedule of Unrecognized Compensation Cost | The following table presents information about the Class B and Class D units as of December 31, 2018. No Class B or Class D units remained outstanding as of December 31, 2019. (Dollars in thousands) Class B Units Class D Units Total unrecognized compensation cost $ 1,899 $ 231 Liability on units granted to non-employees — 33 Weighted average period over which compensation cost will be recognized (in years) 2 2.3 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Leases [Abstract] | |
Scheduled Future Minimum Base Rental Payments due to be Received Under Remaining Non-Cancelable Term of Operating Leases (ASC 842) | Under ASC 842, scheduled future minimum base rental payments due to be received under the remaining non-cancelable term of the operating leases in place as of December 31, 2019 were as follows: (in thousands) Future Minimum Base Rental Receipts 2020 $ 144,265 2021 145,663 2022 147,584 2023 148,604 2024 147,773 Thereafter 1,618,734 Total $ 2,352,623 |
Components of Fixed and Variable Lease Revenues | The fixed and variable components December 31, 2019 (in thousands) Year Ended December 31, 2019 Fixed lease revenues $ 134,879 Variable lease revenues (1) 2,282 Total lease revenues (2) $ 137,161 (1) Includes contingent rent based on a percentage of the tenant’s gross sales and costs paid by the Company for which it is reimbursed by its tenants. (2) Excludes the amortization and accretion of above- and below-market lease intangible assets and liabilities and lease incentives and the adjustment to rental revenue for tenant credit. |
Information Related to Measurement of Lease Liabilities | The following table sets forth information related to the measurement of the Company’s lease liabilities as of December 31, 2019 : December 31, 2019 Weighted average remaining lease term (in years) 21.9 Weighted average discount rate 7.00% |
Details of Rent Expense | The following table : (in thousands) Year Ended December 31, 2019 Fixed rent expense $ 1,425 Variable rent expense — Total rent expense $ 1,425 |
Summary of Future Lease Payments due from Company Under Ground, Office and Equipment Operating Leases (ASC 842) | As of December 31, 2019, under ASC 842, future lease payments due from the Company under the ground, office and equipment operating leases where the Company is directly responsible for payment and the future lease payments due under the ground operating leases where the Company’s tenants are directly responsible for payment over the next five years and thereafter were as follows: (in thousands) Office and Ground Leases to be Paid by the Company Ground Leases to be Paid Directly by the Company’s Tenants Total Future Minimum Base Rental Payments 2020 $ 763 $ 646 $ 1,409 2021 680 650 1,330 2022 669 652 1,321 2023 656 318 974 2024 556 265 821 Thereafter 538 12,167 12,705 Total $ 3,862 $ 14,698 18,560 Present value discount (11,038 ) Lease liabilities $ 7,522 The Company has adopted the short-term lease policy election and accordingly, the table above excludes future minimum base cash rental |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Summary of Fair Values of Real Estate Investments Measured at Nonrecurring Basis | The Company measures its real estate investments at fair value on a nonrecurring basis. The fair values of these real estate investments were determined using the following input levels as of the dates presented: Net Carrying Fair Value Measurements Using Fair Value Hierarchy (in thousands) Value Fair Value Level 1 Level 2 Level 3 December 31, 2019 Non-financial assets: Long-lived assets $ 3,864 $ 3,864 $ — $ — $ 3,864 December 31, 2018 Non-financial assets: Long-lived assets $ 3,238 $ 3,238 $ — $ — $ 3,238 |
Summary of Quantitative Information About Level 3 Fair Value Measurements | Quantitative information about Level 3 fair value measurements as of December 31, 2019 is as follows: (dollar amounts in thousands) Fair Value Valuation Techniques Significant Unobservable Inputs Non-financial assets: Long-lived assets: Casual Dining - Omaha, NE $ 864 Discounted cash flow approach Terminal Value: 7.5% Discount Rate: 7.5% $ 864 Health and Fitness - Winston Salem, NC 3,000 Sales comparison approach Non-binding sales contract 3,000 |
Quarterly Results (Unaudited) (
Quarterly Results (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of Unaudited Quarterly Financial Information | Presented below is a summary of unaudited quarterly financial information for the years ended December 31, 2019, 2018 and 2017. Three months ended (in thousands, except per share data) March 31 June 30 September 30 December 31 2019: Total revenues $ 31,107 $ 32,755 $ 36,291 $ 39,204 Net income 8,722 10,571 14,106 14,626 Net income attributable to non-controlling interests 2,595 2,620 861 105 Net income per share of common stock — basic and diluted 0.13 0.14 0.18 0.20 0.18 Dividends declared per common share 0.21 0.22 0.22 0.23 2018: Total revenues $ 20,167 $ 21,664 $ 25,742 $ 28,650 Net income 1,109 3,499 7,707 8,299 Net income attributable to non-controlling interests — 99 2,383 2,519 Net income per share of common stock — basic and diluted — 0.01 0.12 0.13 Dividends declared per common share — — 0.22 0.21 |
Summary of Significant Accoun_4
Summary of Significant Accounting Principles - Additional Information (Details) | 12 Months Ended | |||
Dec. 31, 2019USD ($)LoanEntitySegment | Dec. 31, 2018USD ($)Loan | Dec. 31, 2017USD ($) | Jan. 01, 2019USD ($) | |
Summary Of Significant Accounting Policies [Line Items] | ||||
Percentage of ownership interests in operating partnership | 98.30% | 69.70% | ||
Allowance for loan losses | $ 0 | $ 0 | ||
Provision for impairment | 2,918,000 | 4,503,000 | $ 2,377,000 | |
Deposits | 8,304,000 | 4,236,000 | 7,250,000 | |
Deposits in excess of amount insured by FDIC | 8,100,000 | 4,000,000 | ||
Adjustment to rental revenue for tenant credit | 600,000 | |||
Contingent rent | 900,000 | 1,100,000 | 1,100,000 | |
Capitalized offering costs | $ 49,000,000 | 35,100,000 | ||
Percentage of taxable income require to REIT | 90.00% | |||
Provision for income tax | $ 0 | |||
Uncertain tax positions, interest or penalties | 0 | 0 | ||
Uncertain tax position, interest or penalties accrued | 0 | 0 | ||
Mortgage loan receivable | $ 89,628,000 | $ 14,854,000 | ||
Number of loan receivable agreements secured | Loan | 7 | 4 | ||
Aggregate carrying value of loans receivable | $ 89,600,000 | $ 14,900,000 | 0 | |
Number of reportable segments | Segment | 1 | |||
Common stock, conversion basis | one-for-one basis | |||
Right-of-use asset | $ 4,800,000 | |||
Lease liability | 7,522,000 | |||
ASU 2016-02 | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Right-of-use asset | $ 4,800,000 | |||
Lease liability | $ 4,800,000 | |||
Variable Interest Entity Not Primary Beneficiary ("VIEs") | Mortgage Loan Receivable | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Mortgage loan receivable | 5,700,000 | |||
Mortgage loan receivable, maximum loss exposure | 5,700,000 | |||
Liabilities associated with investment | $ 0 | 0 | ||
Number of loan receivable agreements secured | Loan | 0 | |||
Aggregate carrying value of loans receivable | $ 60,500,000 | |||
Number of variable interest entities | Entity | 7 | |||
Federal | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Open tax year | 2016 2017 2018 2019 | |||
State | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Open tax year | 2016 2017 2018 2019 | |||
Base Rent | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Allowance for doubtful accounts receivable | 200,000 | |||
Straight-line Rent | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Allowance for doubtful accounts receivable | 0 | |||
Maximum | ASU 2016-13 | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Percentage of cumulative effect of adjustment to beginning retained earnings to loan portfolio | 0.50% | |||
Real Estate Investments | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Depreciation | $ 36,400,000 | $ 24,800,000 | $ 14,000,000 | |
Buildings | Maximum | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 40 years | |||
Site Improvements | ||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 15 years |
Summary of Significant Accoun_5
Summary of Significant Accounting Principles - Reconciliation of Numerator and Denominator used in Computation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
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, 2018 | Jun. 24, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Numerator for basic and diluted earnings per share: | |||||||||||||
Net income | $ 14,626 | $ 14,106 | $ 10,571 | $ 8,722 | $ 8,299 | $ 7,707 | $ 3,499 | $ 1,109 | $ 16,329 | $ 4,285 | $ 48,025 | $ 20,614 | $ 6,296 |
Net income | 16,329 | ||||||||||||
Net income attributable to non-controlling interests | (105) | (861) | (2,620) | (2,595) | (2,519) | (2,383) | (99) | (5,001) | (6,181) | (5,001) | |||
Less: net income allocated to unvested restricted common stock and RSUs | (300) | (493) | |||||||||||
Net income available for common stockholders: basic | 11,028 | 41,351 | |||||||||||
Net income attributable to non-controlling interests | $ 105 | $ 861 | $ 2,620 | $ 2,595 | $ 2,519 | $ 2,383 | $ 99 | 5,001 | 6,181 | $ 5,001 | |||
Net income available for common stockholders: diluted | $ 16,029 | $ 47,532 | |||||||||||
Denominator for basic and diluted earnings per share: | |||||||||||||
Weighted average common shares outstanding | 43,325,968 | 64,714,087 | |||||||||||
Less: weighted average number of shares of unvested restricted common stock | (691,290) | (610,029) | |||||||||||
Weighted average shares outstanding used in basic net income per share | 42,634,678 | 64,104,058 | |||||||||||
Effects of dilutive securities: | |||||||||||||
Weighted average shares outstanding used in diluted net income per share | 61,765,957 | 75,309,896 | |||||||||||
Operating Partnership Unit | |||||||||||||
Effects of dilutive securities: | |||||||||||||
Dilutive securities | 19,056,552 | 10,793,700 | |||||||||||
Unvested Restricted Common Stock and RSUs | |||||||||||||
Effects of dilutive securities: | |||||||||||||
Dilutive securities | 74,727 | 412,138 |
Investments - Additional Inform
Investments - Additional Information (Details) | 12 Months Ended | |||
Dec. 31, 2019USD ($)LoanPropertyInvestment | Dec. 31, 2018USD ($)LoanPropertyInvestment | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Investment Holdings [Line Items] | ||||
Number of property locations of investments | Property | 1,000 | 665 | ||
Number of property development in progress | Property | 8 | 4 | ||
Number of real estate properties undeveloped land parcels | Property | 1 | 1 | ||
Number of mortgage loans receivable | Loan | 6 | 3 | ||
Number of additional properties secured for mortgage loan receivable | Property | 91 | 12 | ||
Number of owned properties | Property | 897 | 652 | ||
Number of properties owned as direct financing receivables | Property | 8 | 5 | ||
Number of ground lease interests | Property | 12 | 13 | ||
Number of real estate subject to direct financing leases | Property | 1 | 1 | ||
Gross acquisition cost of real estate investments | $ 2,002,314,000 | $ 1,394,549,000 | $ 939,072,000 | $ 458,667,000 |
Real estate investments, at cost | 1,908,919,000 | 1,377,044,000 | ||
Aggregate carrying amount of loans and direct financing lease receivable | $ 92,200,000 | $ 17,500,000 | ||
Number of investments | Investment | 355 | 347 | ||
Net investments | $ 601,300,000 | $ 609,200,000 | ||
Number of acquisitions represented more than five percentage of total investment activity | Investment | 0 | |||
Number of loan receivable agreements secured | Loan | 7 | 4 | ||
Aggregate carrying value of loans receivable | $ 89,600,000 | $ 14,900,000 | $ 0 | |
Credit risk, maximum exposure | $ 89,600,000 | |||
Number of loans settled or repaid in full | Loan | 4 | |||
Loans receivable, maturity period | 2039 | |||
Partial repayment of note receivable | $ 4,800,000 | |||
Loans receivables aggregate carrying value | 89,600,000 | |||
Aggregate carrying amount of direct financing lease receivable | 2,600,000 | $ 2,700,000 | ||
Mortgage Loans Receivable One | ||||
Investment Holdings [Line Items] | ||||
Proceeds from loans receivable | 2,400,000 | |||
Mortgage Loans Receivable Two | ||||
Investment Holdings [Line Items] | ||||
Proceeds from loans receivable | 5,700,000 | |||
Mortgage Loans Receivable Three | ||||
Investment Holdings [Line Items] | ||||
Proceeds from loans receivable | 3,500,000 | |||
Mortgage Loans Receivable Four | ||||
Investment Holdings [Line Items] | ||||
Proceeds from loans receivable | $ 3,400,000 |
Investments - Schedule of Infor
Investments - Schedule of Information about Acquisition Activity (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($)Property | |||
Investments [Abstract] | ||||
Ownership type | fee interest | fee interest | ||
Number of properties acquired | Property | 281 | [1] | 204 | [2] |
Allocation of purchase price: | ||||
Land and improvements | $ 191,311 | [1] | $ 160,362 | [2] |
Building and improvements | 370,312 | [1] | 316,894 | [2] |
Construction in progress | 17,858 | [1],[3] | 15,258 | [2],[4] |
Intangible lease assets | 18,802 | [1] | 12,227 | [2] |
Assets acquired | 598,283 | [1] | 504,741 | [2] |
Intangible lease liabilities | (188) | [1] | (1,132) | [2] |
Liabilities assumed | (188) | [1] | (1,132) | [2] |
Purchase price (including acquisition costs) | $ 598,095 | [1] | $ 503,609 | [2] |
[1] | During the year ended December 31, 2019, the Company acquired the fee interest in 279 properties and acquired two properties subject to ground lease arrangements. | |||
[2] | During the year ended December 31, 2018, the Company acquired the fee interest in 203 properties and acquired one property subject to a ground lease arrangement. | |||
[3] | Represents amounts incurred at and subsequent to acquisition and includes approximately $0.3 million of capitalized interest expense. | |||
[4] | Represents amounts incurred at and subsequent to acquisition and includes $0.2 million of capitalized interest expense. |
Investments - Schedule of Inf_2
Investments - Schedule of Information about Acquisition Activity (Parenthetical) (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($)Property | |
Investments [Abstract] | ||
Ownership type | fee interest | fee interest |
Number of properties in which fee interest acquired | 279 | 203 |
Number of properties acquired subject to ground lease arrangement | 2 | 1 |
Capitalized interest expense | $ | $ 0.3 | $ 0.2 |
Investments - Summary of Gross
Investments - Summary of Gross Investment Activity (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)InvestmentLocation | Dec. 31, 2018USD ($)InvestmentLocation | Dec. 31, 2017USD ($)InvestmentLocation | |
Real Estate Investments [Abstract] | |||
Number of Investment Locations | InvestmentLocation | 677 | 508 | 344 |
Number of Investment Locations, Acquisitions of and additions to real estate investments | InvestmentLocation | 281 | 204 | 212 |
Number of Investment Locations, Sales of investments in real estate | InvestmentLocation | (37) | (45) | (47) |
Number of Investment Locations, Relinquishment of properties at end of ground lease term | InvestmentLocation | (3) | (2) | (1) |
Number of Investment Locations | InvestmentLocation | 1,000 | 677 | 508 |
Number of Investment Locations,Investments in loans receivable | InvestmentLocation | 95 | 12 | |
Number of Investment Locations, Principal collections on and settlements of loans and direct financing lease receivables | InvestmentLocation | (13) | ||
Gross investments | $ 1,394,549 | $ 939,072 | $ 458,667 |
Acquisitions of and additions to real estate investments | 603,677 | 506,949 | 535,394 |
Sales of investments in real estate | (65,571) | (58,084) | |
Sales of investments in real estate and direct financing lease receivables | (51,120) | ||
Relinquishment of properties at end of ground lease term | (700) | (853) | (542) |
Provisions for impairment of real estate | (2,918) | (4,543) | (2,466) |
Investments in loans receivable | 94,637 | 14,854 | |
Principal collections on and settlements of loans and direct financing lease receivables | (19,958) | ||
Principal collections on direct financing lease receivables | (74) | (79) | |
Other | (1,402) | (2,772) | (782) |
Gross investments | 2,002,314 | 1,394,549 | $ 939,072 |
Less: accumulated depreciation and amortization | (90,071) | (51,855) | |
Net investments | $ 1,912,243 | $ 1,342,694 |
Investments - Summary of Gros_2
Investments - Summary of Gross Investment Activity (Parenthetical) (Details) | 12 Months Ended | ||
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($)Property | Dec. 31, 2017USD ($)Property | |
Real Estate Properties [Line Items] | |||
Number of property locations of investments | Property | 1,000 | 665 | |
Intangible lease liabilities | $ 40,000 | $ 100,000 | |
Property securitized by loan receivable | 3,200,000 | ||
Loans receivable to purchaser of real estate property | $ 12,900,000 | $ 3,500,000 | |
Number of real estate properties acquired | Property | 11 | ||
Loans receivable carrying value | $ 11,600,000 | ||
Accumulated depreciation | $ 71,600,000 | ||
Vacant Properties | |||
Real Estate Properties [Line Items] | |||
Number of property locations of investments | Property | 1 | 7 | 6 |
Tenanted Properties | |||
Real Estate Properties [Line Items] | |||
Number of property locations of investments | Property | 7 | 14 | 3 |
Investments - Schedule of Loans
Investments - Schedule of Loans Receivable (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($) | |
Loans And Leases Receivable Disclosure [Line Items] | ||
Maturity Date | 2039 | |
Principal Balance Outstanding | $ 89,628 | $ 14,854 |
Mortgage Loan Receivable 10 % Due at 2021 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Interest Rate | 10.00% | |
Maturity Date | 2021 | |
Principal Balance Outstanding | 2,376 | |
Mortgage Loan Receivable 7.55% Due at 2019 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Interest Rate | 7.55% | |
Maturity Date | 2019 | |
Principal Balance Outstanding | 5,748 | |
Mortgage Loan Receivable 5.25% Due at 2019 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Interest Rate | 5.25% | |
Maturity Date | 2019 | |
Principal Balance Outstanding | 3,500 | |
Mortgage Loan Receivable 8.80% Due at 2039 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Number of Secured Properties | Property | 2 | |
Interest Rate | 8.80% | |
Maturity Date | 2039 | |
Principal Balance Outstanding | $ 12,000 | |
Mortgage Loan Receivable 8.10% Due at 2059 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Principal + Interest | |
Number of Secured Properties | Property | 2 | |
Interest Rate | 8.10% | |
Maturity Date | 2059 | |
Principal Balance Outstanding | $ 5,125 | |
Mortgage Loan Receivable 8.53% Due at 2039 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Number of Secured Properties | Property | 2 | |
Interest Rate | 8.53% | |
Maturity Date | 2039 | |
Principal Balance Outstanding | $ 7,300 | |
Mortgage Loan Receivable 8.16% Due at 2034 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Interest only | |
Number of Secured Properties | Property | 69 | |
Interest Rate | 8.16% | |
Maturity Date | 2034 | |
Principal Balance Outstanding | $ 28,000 | |
Mortgage Loan Receivable 8.03% Due at 2034 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Principal + Interest | |
Number of Secured Properties | Property | 18 | |
Interest Rate | 8.05% | |
Maturity Date | 2034 | |
Principal Balance Outstanding | $ 34,604 | |
Development Construction Loan Receivable 8.00% Due at 2058 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Principal + Interest | |
Interest Rate | 8.00% | |
Maturity Date | 2058 | |
Principal Balance Outstanding | $ 3,230 | |
Leasehold Interest 10.69% Due 2039 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Principal + Interest | |
Interest Rate | 10.69% | |
Maturity Date | 2039 | |
Principal Balance Outstanding | $ 1,435 | |
Leasehold Interest 2.25% Due 2034 | ||
Loans And Leases Receivable Disclosure [Line Items] | ||
Monthly Payment | Principal + Interest | |
Number of Secured Properties | Property | 1 | |
Interest Rate | 2.25% | |
Maturity Date | 2034 | |
Principal Balance Outstanding | $ 1,164 |
Investments - Schedule of Loa_2
Investments - Schedule of Loans Receivable (Parenthetical) (Details) | 12 Months Ended |
Dec. 31, 2019Land | |
Loans Receivable Disclosure [Line Items] | |
Number of land lease have option for lessee to purchase leased assets | 2 |
Minimum | |
Loans Receivable Disclosure [Line Items] | |
Option for the lessee to repurchase the leased assets in year | 2024 |
Maximum | |
Loans Receivable Disclosure [Line Items] | |
Option for the lessee to repurchase the leased assets in year | 2025 |
Investments - Scheduled of Prin
Investments - Scheduled of Principal Payments Due to be Received under Loans Receivable (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Loans Receivable Scheduled Principal Payments Due To Be Received [Abstract] | ||
2020 | $ 63 | |
2021 | 77 | |
2022 | 82 | |
2023 | 87 | |
2024 | 92 | |
Thereafter | 89,227 | |
Total | $ 89,628 | $ 14,854 |
Investments - Schedule of Direc
Investments - Schedule of Direct Financing Lease Receivables (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Net Investment In Leases [Abstract] | ||
Minimum lease payments receivable | $ 3,866 | $ 4,198 |
Estimated unguaranteed residual value of leased assets | 270 | 270 |
Unearned income from leased assets | (1,581) | (1,817) |
Net investment | $ 2,555 | $ 2,651 |
Investments - Scheduled Future
Investments - Scheduled Future Minimum Non-cancelable Base Rental Payments Under Direct Financing Lease Receivables (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Net Investment In Leases [Abstract] | |
2020 | $ 337 |
2021 | 340 |
2022 | 345 |
2023 | 347 |
2024 | 289 |
Thereafter | 2,208 |
Total | $ 3,866 |
Investments - Activity in Real
Investments - Activity in Real Estate Investments and Intangible Lease Liabilities Held for Sale (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($)Property | |
Investments [Abstract] | ||
Number of Properties, Held for sale balance | Property | 3 | |
Number of Properties, Transfers to held for sale classification | Property | 5 | 12 |
Number of Properties, Sales | Property | (4) | (15) |
Number of Properties, Held for sale balance | Property | 1 | |
Real Estate Investments, Held for sale balance | $ 4,173 | |
Real Estate Investments, Transfers to held for sale classification | $ 7,450 | 14,487 |
Real Estate Investments, Sales | (6,239) | (18,660) |
Real Estate Investments, Held for sale balance | 1,211 | |
Intangible Lease Liabilities, Held for sale balance | (129) | |
Intangible Lease Liabilities, Transfers to held for sale classification | (256) | |
Intangible Lease Liabilities, Sales | 385 | |
Net Carrying Value, Held for sale balance | 0 | 4,044 |
Net Carrying Value, Transfers to held for sale classification | 7,450 | 14,231 |
Net Carrying Value, Sales | (6,239) | (18,275) |
Net Carrying Value, Held for sale balance | $ 1,211 | $ 0 |
Investments - Schedule of Exter
Investments - Schedule of External Customers by Geographic Areas (Details) - Rental Revenue - Geographic Concentration Risk | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Texas | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 12.40% | 12.50% | 13.10% |
Georgia | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 10.80% | 11.50% | |
Florida | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 10.20% |
Investments - Schedule of Intan
Investments - Schedule of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | $ 78,922 | $ 66,421 |
Intangible assets, Accumulated Amortization | 18,423 | 13,642 |
Intangible assets, Net Carrying Amount | 60,499 | 52,779 |
Intangible market lease liabilities, Gross Carrying Amount | 12,054 | 14,894 |
Intangible market lease liabilities, Accumulated Amortization | 2,490 | 3,278 |
Intangible market lease liabilities, Net Carrying Amount | 9,564 | 11,616 |
In-place Leases | ||
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 64,828 | 50,317 |
Intangible assets, Accumulated Amortization | 14,195 | 9,498 |
Intangible assets, Net Carrying Amount | 50,633 | 40,819 |
Intangible Market Lease Assets | ||
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 14,094 | 16,104 |
Intangible assets, Accumulated Amortization | 4,228 | 4,144 |
Intangible assets, Net Carrying Amount | $ 9,866 | $ 11,960 |
Investments - Summary of Remain
Investments - Summary of Remaining Weighted Average Amortization Period for Intangible Assets and Liabilities (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Finite Lived Intangible Assets [Line Items] | |
Total intangible assets | 10 years 7 months 6 days |
Remaining weighted average amortization period, Intangible market lease liabilities | 17 years 1 month 6 days |
In-place Leases | |
Finite Lived Intangible Assets [Line Items] | |
Remaining weighted average amortization period, In-place leases | 9 years 9 months 18 days |
Intangible Market Lease Assets | |
Finite Lived Intangible Assets [Line Items] | |
Total intangible assets | 14 years 2 months 12 days |
Investments - Summary of Amorti
Investments - Summary of Amortization and Accretion Recognized (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Amortization of In-Place Leases, Amortization and Accretion of Above- and Below-Market Lease Assets and Liabilities [Line Items] | |||
Amortization of in-place leases | $ 6,272 | $ 6,465 | $ 5,461 |
Market Lease Intangibles | Rental Revenue | |||
Amortization of In-Place Leases, Amortization and Accretion of Above- and Below-Market Lease Assets and Liabilities [Line Items] | |||
Amortization (accretion) of market lease intangibles, net | 866 | 780 | 1,071 |
Above and Below Market Ground Lease Intangibles | Property Expenses | |||
Amortization of In-Place Leases, Amortization and Accretion of Above- and Below-Market Lease Assets and Liabilities [Line Items] | |||
Amortization (accretion) of above- and below-market ground lease intangibles, net | $ (333) | $ (443) | $ (540) |
Investments - Summary of Projec
Investments - Summary of Projected Amortization Expenses for Next Five Years (Details) $ in Thousands | Dec. 31, 2019USD ($) |
In-place Leases | Amortization Expense | |
Finite Lived Intangible Assets [Line Items] | |
Finite-lived intangible assets, amortization expense, 2020 | $ 6,377 |
Finite-lived intangible assets, amortization expense, 2021 | 6,164 |
Finite-lived intangible assets, amortization expense, 2022 | 6,013 |
Finite-lived intangible assets, amortization expense, 2023 | 5,578 |
Finite-lived intangible assets, amortization expense, 2024 | 4,781 |
Adjustment in-place Lease | Amortization Expense | |
Finite Lived Intangible Assets [Line Items] | |
Finite-lived intangible assets, amortization expense, 2020 | 6,377 |
Finite-lived intangible assets, amortization expense, 2021 | 6,164 |
Finite-lived intangible assets, amortization expense, 2022 | 6,013 |
Finite-lived intangible assets, amortization expense, 2023 | 5,578 |
Finite-lived intangible assets, amortization expense, 2024 | 4,781 |
Above-Market Lease Assets | Rental Revenue | |
Finite Lived Intangible Assets [Line Items] | |
Finite-lived intangible assets, amortization expense, 2020 | (829) |
Finite-lived intangible assets, amortization expense, 2021 | (810) |
Finite-lived intangible assets, amortization expense, 2022 | (809) |
Finite-lived intangible assets, amortization expense, 2023 | (777) |
Finite-lived intangible assets, amortization expense, 2024 | (744) |
Below-Market Lease Liabilities | Rental Revenue | |
Finite Lived Intangible Assets [Line Items] | |
Below market leases, amortization income, 2020 | 551 |
Below market leases, amortization income, 2021 | 552 |
Below market leases, amortization income, 2022 | 552 |
Below market leases, amortization income, 2023 | 501 |
Below market leases, amortization income, 2024 | 500 |
Net Adjustment in-place Lease | Rental Revenue | |
Finite Lived Intangible Assets [Line Items] | |
Above and below market lease (assets) liabilities net adjustment to rental revenue, 2020 | (278) |
Above and below market lease (assets) liabilities net adjustment to rental revenue, 2021 | (258) |
Above and below market lease (assets) liabilities net adjustment to rental revenue, 2022 | (257) |
Above and below market lease (assets) liabilities net adjustment to rental revenue, 2023 | (276) |
Above and below market lease (assets) liabilities net adjustment to rental revenue, 2024 | $ (244) |
Credit Facilities - Additional
Credit Facilities - Additional Information (Details) - USD ($) | Apr. 12, 2019 | Jun. 25, 2018 | Dec. 31, 2019 |
Senior Unsecured Revolving Credit Facility | |||
Line Of Credit Facility [Line Items] | |||
Aggregate revolving credit commitments | $ 300,000,000 | ||
Credit facility term | 4 years | ||
Maximum additional availability of the facility | $ 200,000,000 | ||
Senior Unsecured Revolving Credit Facility | Maximum | |||
Line Of Credit Facility [Line Items] | |||
Credit facility extension term | 1 year | ||
Revolving Credit Facility | |||
Line Of Credit Facility [Line Items] | |||
Aggregate revolving credit commitments | $ 400,000,000 | ||
April 2019 Term Loan | |||
Line Of Credit Facility [Line Items] | |||
Credit facility term | 5 years | ||
Annual interest rate | 3.00% | ||
Maximum additional availability of the facility | $ 200,000,000 | ||
Amended Credit Agreement | |||
Line Of Credit Facility [Line Items] | |||
Credit facility term | 4 years | ||
Amended Credit Agreement | Maximum | |||
Line Of Credit Facility [Line Items] | |||
Credit facility extension term | 1 year |
Credit Facilities - November 20
Credit Facilities - November 2019 Term Loan - Additional Information (Details) | Dec. 09, 2019USD ($) | Nov. 26, 2019USD ($)Draw | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Line Of Credit Facility [Line Items] | ||||
Borrowings under revolving credit facility | $ 459,000,000 | $ 34,000,000 | ||
November 2019 Term Loan | ||||
Line Of Credit Facility [Line Items] | ||||
Credit facility | $ 430,000,000 | $ 430,000,000 | ||
Aggregate revolving credit commitments | $ 430,000,000 | |||
Maturity date | Nov. 26, 2026 | |||
Number of draws | Draw | 3 | |||
Borrowings under revolving credit facility | $ 250,000,000 | |||
Interest rate terms | Borrowings under the November 2019 Term Loan bear interest at an annual rate of applicable LIBOR plus the applicable margin. | |||
Prepayment terms | The November 2019 Term Loan is pre-payable at any time by the Operating Partnership (as borrower), provided, that if the loans under the November 2019 Term Loan are repaid on or before November 26, 2020, they are subject to a two percent prepayment premium, and if repaid thereafter but on or before November 26, 2021, they are subject to a one percent prepayment premium. After November 26, 2021 the loans may be repaid without penalty. The Operating Partnership may not re-borrow amounts paid down on the November 2019 Term Loan. The Operating Partnership is required to pay a ticking fee on any undrawn portion of the November 2019 Term Loan for the period from and including the 91st day after November 26, 2019 until the earlier of the date the initial term loans are fully drawn or May 26, 2020. | |||
Maximum additional availability of the facility | $ 500,000,000 | |||
November 2019 Term Loan | On or Before November 26, 2020 | ||||
Line Of Credit Facility [Line Items] | ||||
Prepayment premium percentage | 2.00% | |||
November 2019 Term Loan | On or Before November 26, 2021 | ||||
Line Of Credit Facility [Line Items] | ||||
Prepayment premium percentage | 1.00% |
Credit Facilities - Summary of
Credit Facilities - Summary of Information about Revolving Credit Facility and 2018 Credit Facility (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Line Of Credit Facility [Line Items] | ||
Balance on January 1, | $ 34,000 | |
Borrowings | 459,000 | $ 34,000 |
Repayments | (447,000) | |
Balance on December 31, | 46,000 | 34,000 |
Revolving Credit Facility and the 2018 Credit Facility | ||
Line Of Credit Facility [Line Items] | ||
Balance on January 1, | 34,000 | |
Borrowings | 459,000 | 34,000 |
Repayments | (447,000) | |
Balance on December 31, | $ 46,000 | $ 34,000 |
Credit Facilities - Revolving C
Credit Facilities - Revolving Credit Facility - Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Line Of Credit Facility [Line Items] | |||
Total deferred finance costs, net | $ 3.8 | $ 9 | |
Interest expense recorded from amortization of deferred financing costs | $ 1.5 | 2.3 | $ 1.9 |
Weighted-average interest rate | 4.17% | ||
Revolving Credit Facility and the 2018 Credit Facility | |||
Line Of Credit Facility [Line Items] | |||
Interest expense recorded from amortization of deferred financing costs | $ 1.1 | $ 0.5 | |
Weighted-average interest rate | 3.06% | 5.95% | |
Line of credit facility, unused borrowing capacity | $ 354 | $ 266 | |
Revolving Credit Facility and the 2018 Credit Facility | Prepaid Expenses and Other Current Assets, Net | |||
Line Of Credit Facility [Line Items] | |||
Total deferred finance costs, net | 3.5 | 3 | |
Revolving Credit Facility | |||
Line Of Credit Facility [Line Items] | |||
Interest expense on borrowings and unused facility fees | $ 3.4 | $ 0.4 |
Credit Facilities - Term Loan F
Credit Facilities - Term Loan Facilities - Additional Information (Details) - USD ($) | Dec. 09, 2019 | May 14, 2019 | Nov. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Nov. 26, 2019 |
Line Of Credit Facility [Line Items] | |||||||
Borrowings under revolving credit facility | $ 459,000,000 | $ 34,000,000 | |||||
Total deferred finance costs, net | 3,800,000 | 9,000,000 | |||||
Interest expense recorded from amortization of deferred financing costs | $ 1,500,000 | $ 2,300,000 | $ 1,900,000 | ||||
Series 2016-1 Notes | |||||||
Line Of Credit Facility [Line Items] | |||||||
Prepayment of debt | $ 70,400,000 | ||||||
April 2019 Term Loan | |||||||
Line Of Credit Facility [Line Items] | |||||||
Borrowings under revolving credit facility | $ 200,000,000 | ||||||
Annual interest rate | 3.00% | ||||||
November 2019 Term Loan | |||||||
Line Of Credit Facility [Line Items] | |||||||
Borrowings under revolving credit facility | $ 250,000,000 | ||||||
Credit agreement | $ 430,000,000 | $ 430,000,000 | |||||
November 2019 Term Loan | Interest Rate Swaps | |||||||
Line Of Credit Facility [Line Items] | |||||||
Annual interest rate | 3.22% | ||||||
Revolving Credit Facility | Series 2016-1 Notes | |||||||
Line Of Credit Facility [Line Items] | |||||||
Prepayment of debt | $ 70,400,000 | ||||||
Term Loan Facility | Interest Expense | |||||||
Line Of Credit Facility [Line Items] | |||||||
Interest expense including delayed draw ticking fees | $ 5,100,000 | ||||||
Term Loan Facility | Unsecured Term Loan | |||||||
Line Of Credit Facility [Line Items] | |||||||
Total deferred finance costs, net | 4,400,000 | ||||||
Interest expense recorded from amortization of deferred financing costs | $ 200,000 |
Derivative and Hedging Activi_3
Derivative and Hedging Activities - Additional Information (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Derivatives Fair Value [Line Items] | |
Derivatives reclassified from other comprehensive income | $ 0.9 |
Derivatives reclassified from/to other comprehensive income, estimate of time to transfer | 12 months |
Fair value of derivatives in net liability | $ 4.1 |
Fair value of derivatives in net asset | 1 |
Derivative instrument termination value | 3.1 |
Interest Expense | Interest Rate Swaps | |
Derivatives Fair Value [Line Items] | |
Loss on change in fair value | $ 0.1 |
Derivative and Hedging Activi_4
Derivative and Hedging Activities - Summary of Notional Amount and Fair Value of Instruments (Details) - Derivatives Designated as Hedging Instruments | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Derivatives Fair Value [Line Items] | |
Notional Value | $ 450,000,000 |
Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ (2,905,000) |
Interest Rate Swap One | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 2.06% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | May 14, 2019 |
Maturity Date | Apr. 12, 2024 |
Notional Value | $ 100,000,000 |
Interest Rate Swap One | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ (1,996,000) |
Interest Rate Swap Two | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 2.06% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | May 14, 2019 |
Maturity Date | Apr. 12, 2024 |
Notional Value | $ 50,000,000 |
Interest Rate Swap Two | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ (999,000) |
Interest Rate Swap Three | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 2.07% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | May 14, 2019 |
Maturity Date | Apr. 12, 2024 |
Notional Value | $ 50,000,000 |
Interest Rate Swap Three | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ (1,005,000) |
Interest Rate Swap Four | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 1.61% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | Dec. 9, 2019 |
Maturity Date | Nov. 26, 2026 |
Notional Value | $ 175,000,000 |
Interest Rate Swap Four | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ 758,000 |
Interest Rate Swap Five | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 1.61% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | Dec. 9, 2019 |
Maturity Date | Nov. 26, 2026 |
Notional Value | $ 50,000,000 |
Interest Rate Swap Five | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ 210,000 |
Interest Rate Swap Six | |
Derivatives Fair Value [Line Items] | |
Fixed Rate Paid by Company | 1.60% |
Variable Rate Paid by Bank | 1 month LIBOR |
Effective Date | Dec. 9, 2019 |
Maturity Date | Nov. 26, 2026 |
Notional Value | $ 25,000,000 |
Interest Rate Swap Six | Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Fair Value of Asset/(Liability) | $ 127,000 |
Derivative and Hedging Activi_5
Derivative and Hedging Activities - Summary of Notional Amount and Fair Value of Instruments (Parenthetical) (Details) $ in Millions | Dec. 31, 2019USD ($) |
Accrued Liabilities and Other Payables | |
Derivatives Fair Value [Line Items] | |
Derivatives liability | $ 4 |
Prepaid Expenses and Other Assets | |
Derivatives Fair Value [Line Items] | |
Derivatives asset | $ 1.1 |
Secured Borrowings - Additional
Secured Borrowings - Additional Information (Details) $ in Millions | 1 Months Ended | 12 Months Ended | ||||||
Nov. 30, 2019USD ($) | May 31, 2019USD ($) | Jul. 31, 2017USD ($)SpecialPurposeEntity | Dec. 31, 2016USD ($)SpecialPurposeEntity | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Nov. 12, 2019USD ($) | |
Debt Instrument [Line Items] | ||||||||
Number of special purpose entities formed to hold assets and issue secured borrowings | SpecialPurposeEntity | 3 | 2 | ||||||
Debt instrument, payment terms description | The Series 2016-1 Notes were scheduled to mature in November 2046, but the terms of the Class A Notes required principal to be paid monthly through November 2021, with a balloon repayment at that time, and the terms of the Class B Notes required no monthly principal payments but required the full principal balance to be paid in November 2021. | |||||||
Debt instrument maturity month year | 2046-11 | |||||||
Loss on retirement of debt | $ 0.8 | |||||||
Principal outstanding | $ 239.1 | $ 515.1 | ||||||
Total deferred finance costs, net | 3.8 | 9 | ||||||
Interest expense recorded from amortization of deferred financing costs | 1.5 | 2.3 | $ 1.9 | |||||
Interest expense | $ 16.3 | $ 22.6 | $ 17.4 | |||||
Weighted-average interest rate | 4.17% | |||||||
Eldridge Industries, LLC | ||||||||
Debt Instrument [Line Items] | ||||||||
Notes issued | $ 75.1 | |||||||
Series 2016-1 Class A Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument, frequency of periodic payment | monthly through November 2021 | |||||||
Prepayment of debt | 53.2 | |||||||
Series 2016-1 Class A Notes | Eldridge Industries, LLC | ||||||||
Debt Instrument [Line Items] | ||||||||
Notes issued | $ 263.5 | |||||||
Debt instrument repurchased, face amount | $ 200 | |||||||
Debt instrument repurchased, amount | 201.4 | |||||||
Series 2016-1 Class B Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Prepayment of debt | 17.2 | |||||||
Series 2016-1 Class B Notes | Eldridge Industries, LLC | ||||||||
Debt Instrument [Line Items] | ||||||||
Notes issued | $ 17.3 | |||||||
Series 2017-1 Class A Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Notes issued | 232.4 | |||||||
Series 2017-1 Class B Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Notes issued | $ 15.7 | |||||||
Series 2017-1 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument maturity month year | 2047-06 | |||||||
Series 2016-1 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument repurchased, face amount | 200 | |||||||
Debt instrument repurchased, amount | 201.4 | |||||||
Loss on repurchase of debt | $ 4.4 | |||||||
Debt instrument, cancel amount | $ 200 | |||||||
Prepayment of debt | $ 70.4 |
Secured Borrowings - Summary of
Secured Borrowings - Summary of Scheduled Principal Payments (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Debt Disclosure [Abstract] | |
2020 | $ 3,885 |
2021 | 4,083 |
2022 | 4,292 |
2023 | 4,512 |
2024 | 222,330 |
Total | $ 239,102 |
Notes Payable to Related Part_3
Notes Payable to Related Parties - Additional Information (Details) | Jun. 25, 2018USD ($)Note | Jan. 31, 2018USD ($)Note | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($)Note | Dec. 31, 2017USD ($)Note |
Related Party Transaction [Line Items] | |||||
Interest expense related parties | $ 0 | $ 4,603,000 | $ 3,478,000 | ||
Eldridge Industries, LLC | |||||
Related Party Transaction [Line Items] | |||||
Notes issued outstanding amount | 230,000,000 | ||||
Repayment of short-term note | 384,000,000 | $ 313,000,000 | |||
Warehouse Notes | |||||
Related Party Transaction [Line Items] | |||||
Number of short-term notes issued | Note | 33 | ||||
Notes issued during the year | 154,000,000 | $ 523,000,000 | |||
Notes issued outstanding amount | $ 0 | $ 0 | |||
Number of notes repaid | Note | 14 | ||||
Number of notes issued | Note | 20 | ||||
Repayment on notes | $ 334,000,000 | $ 50,000,000 | |||
Number of notes repaid in full | Note | 36 | 3 | |||
Number of notes repaid in part | Note | 1 | ||||
Warehouse Notes | Maximum | |||||
Related Party Transaction [Line Items] | |||||
Accrued interest rate maturity period | 1 year | ||||
Warehouse Notes | Maximum | LIBOR | |||||
Related Party Transaction [Line Items] | |||||
Debt instrument, base interest rates | 2.76% | ||||
Warehouse Notes | Eldridge Industries, LLC | |||||
Related Party Transaction [Line Items] | |||||
Notes issued outstanding amount | $ 230,000,000 | ||||
Repayment of short-term note | $ 384,000,000 | $ 293,000,000 | |||
Warehouse Notes | Eldridge Industries, LLC | Minimum | LIBOR | |||||
Related Party Transaction [Line Items] | |||||
Debt instrument, base interest rates | 2.14% | ||||
Short Term Notes | Eldridge Industries, LLC | |||||
Related Party Transaction [Line Items] | |||||
Number of additional short-term notes issued | Note | 1 | ||||
Notes issued outstanding amount | $ 20,000,000 | ||||
Repayment of short-term note | $ 20,000,000 | ||||
Debt instrument, base interest rates | 8.00% |
Notes Payable to Related Part_4
Notes Payable to Related Parties - Summary of Activity Related to Company's Notes Payable to Related Parties (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Warehouse Notes | ||
Related Party Transaction [Line Items] | ||
Outstanding ending balance | $ 0 | |
Eldridge Industries, LLC | ||
Related Party Transaction [Line Items] | ||
Outstanding beginning balance | 230,000,000 | |
Borrowings | 154,000,000 | $ 543,000,000 |
Repayments | (384,000,000) | (313,000,000) |
Outstanding ending balance | 230,000,000 | |
Eldridge Industries, LLC | Warehouse Notes | ||
Related Party Transaction [Line Items] | ||
Outstanding beginning balance | 230,000,000 | |
Borrowings | 154,000,000 | 523,000,000 |
Repayments | $ (384,000,000) | (293,000,000) |
Outstanding ending balance | 230,000,000 | |
Eldridge Industries, LLC | Other Short-term Note | ||
Related Party Transaction [Line Items] | ||
Borrowings | 20,000,000 | |
Repayments | $ (20,000,000) |
Equity - Additional Information
Equity - Additional Information (Details) - USD ($) | Jul. 22, 2019 | Mar. 18, 2019 | Jul. 24, 2018 | Jun. 25, 2018 | Jan. 31, 2018 | Dec. 31, 2017 | Jan. 31, 2017 | Jul. 20, 2018 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jun. 20, 2018 |
Class Of Stock [Line Items] | |||||||||||||
Proceeds from issuance of common stock, net | $ 411,635,000 | $ 464,182,000 | |||||||||||
Common shares, issued shares | 43,749,092 | 83,761,151 | 43,749,092 | ||||||||||
Percentage of cash distributions paid to stockholders that were considered taxable income | 58.90% | 58.80% | |||||||||||
Percentage of cash distributions paid to stockholders that were considered a return of capital | 41.10% | 41.20% | |||||||||||
Indirect capital contributions | $ 17,300,000 | ||||||||||||
Direct equity contribution | $ 50,000,000 | ||||||||||||
Price per unit | $ 1,000 | ||||||||||||
Compound interest rate percentage | 8.00% | ||||||||||||
Issuance of new grant of unvested shares | 500 | 11,550 | |||||||||||
Proceeds to repay of outstanding principal | $ 50,000,000 | ||||||||||||
EPRT Management and Certain Members of EPRT LLC's Board of Managers | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Direct equity contribution | $ 3,700,000 | ||||||||||||
Retention of equity investment in subsidiary | 91,500,000 | ||||||||||||
Operating Partnership Unit | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Proceeds from concurrent private placement | $ 16,001,000 | ||||||||||||
EPRT Holdings LLC | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Interest received in Operating Partnership | 17,913,592 | ||||||||||||
Direct equity contribution | $ 80,000,000 | ||||||||||||
Private Placement | Eldridge Industries, LLC | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Common stock, price per share | $ 14 | ||||||||||||
Proceeds from concurrent private placement | $ 125,000,000 | ||||||||||||
Underwriting discounts or commissions | $ 0 | ||||||||||||
Private Placement | Eldridge Industries, LLC | Operating Partnership Unit | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Common stock, price per share | $ 14 | ||||||||||||
Stock/Units issued | 1,142,960 | ||||||||||||
Secondary Offering | Operating Partnership | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Operating partnership units converted | 18,502,705 | 18,502,705 | |||||||||||
ATM Program | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Common shares, issued shares | 7,432,986 | ||||||||||||
Common stock weighted average price per share | $ 23.97 | ||||||||||||
Proceeds from issuance of common stock gross | $ 178,200,000 | ||||||||||||
Proceeds from issuance of common stock net | 175,100,000 | ||||||||||||
ATM Program | Maximum | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Common stock shares authorized, value | $ 200,000,000 | ||||||||||||
Common Stock | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Shares issued | 35,272,191 | 21,462,986 | |||||||||||
Common stock, price per share | $ 14 | ||||||||||||
Proceeds from concurrent private placement | $ 108,999,000 | ||||||||||||
Concurrent private placement shares | 7,785,611 | ||||||||||||
Common stock to purchase number of additional shares | 4,875,000 | ||||||||||||
Net proceeds from IPO and concurrent private placement | $ 583,700,000 | ||||||||||||
Common Stock | 2018 Equity Incentive Plan | Directors, Executive Officers and Other Employees | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Restricted shares issued | 691,290 | ||||||||||||
Common Stock | Initial Public Offering | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Shares issued | 32,500,000 | ||||||||||||
Common stock, price per share | $ 14 | ||||||||||||
Common Stock | Private Placement | Eldridge Industries, LLC | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Concurrent private placement shares | 7,785,611 | ||||||||||||
Common Stock | Over-allotment Option | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Shares issued | 2,772,191 | ||||||||||||
Common Stock | Follow-On Offering | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Shares issued | 14,030,000 | ||||||||||||
Common stock, price per share | $ 17.50 | ||||||||||||
Common stock to purchase number of additional shares | 1,830,000 | ||||||||||||
Proceeds from issuance of common stock, net | $ 234,600,000 | ||||||||||||
Common Stock | Secondary Offering | |||||||||||||
Class Of Stock [Line Items] | |||||||||||||
Shares issued | 26,288,316 | ||||||||||||
Stock issued during period for options to purchase additional shares | 3,428,910 | ||||||||||||
Proceeds from secondary offering | $ 0 |
Equity - Summary of Quarterly C
Equity - Summary of Quarterly Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands | Dec. 06, 2019 | Sep. 06, 2019 | Jun. 05, 2019 | Mar. 07, 2019 | Dec. 07, 2018 | Aug. 29, 2018 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2019 | Dec. 31, 2018 |
Dividends Payable [Line Items] | ||||||||||||||
Dividend per Share of Common Stock | $ 0.23 | $ 0.22 | $ 0.22 | $ 0.21 | $ 0.21 | $ 0.22 | $ 0.88 | $ 0.434 | ||||||
Common Stock | ||||||||||||||
Dividends Payable [Line Items] | ||||||||||||||
Date Declared | Dec. 6, 2019 | Sep. 6, 2019 | Jun. 5, 2019 | Mar. 7, 2019 | Dec. 7, 2018 | Aug. 29, 2018 | ||||||||
Record Date | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 28, 2019 | Mar. 29, 2019 | Dec. 31, 2018 | Sep. 28, 2018 | ||||||||
Date Paid | Jan. 15, 2020 | Oct. 15, 2019 | Jul. 15, 2019 | Apr. 16, 2019 | Jan. 14, 2019 | Oct. 12, 2018 | ||||||||
Dividend per Share of Common Stock | $ 0.23 | $ 0.22 | $ 0.22 | $ 0.21 | $ 0.21 | $ 0.224 | ||||||||
Total Dividend | $ 19,268 | $ 17,531 | $ 12,725 | $ 12,143 | $ 9,187 | $ 9,800 |
Non-controlling Interests - Add
Non-controlling Interests - Additional Information (Details) - $ / shares | Jul. 22, 2019 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2019 | Dec. 31, 2018 |
Minority Interest [Line Items] | |||||||||
Percentage of ownership interests in operating partnership | 98.30% | 69.70% | 98.30% | 69.70% | |||||
Common stock, conversion basis | one-for-one basis | ||||||||
Total cash dividends per share, common stock | $ 0.23 | $ 0.22 | $ 0.22 | $ 0.21 | $ 0.21 | $ 0.22 | $ 0.88 | $ 0.434 | |
Operating Partnership Unit | |||||||||
Minority Interest [Line Items] | |||||||||
Percentage of ownership interest, excluding general partner ownership interest | 98.30% | 68.70% | 98.30% | 68.70% | |||||
Operating Partnership Unit | EPRT Holdings LLC | |||||||||
Minority Interest [Line Items] | |||||||||
Interest held in operating partnership | 553,847 | 17,913,592 | 553,847 | 17,913,592 | |||||
Percentage of ownership interests in operating partnership | 0.70% | 28.50% | 0.70% | 28.50% | |||||
Eldridge Industries, LLC | Operating Partnership Unit | |||||||||
Minority Interest [Line Items] | |||||||||
Operating partnership units held | 83,761,151 | 43,749,092 | |||||||
Interest held in operating partnership | 1,142,960 | 1,142,960 | |||||||
Percentage of ownership interests in operating partnership | 1.80% | 1.80% | |||||||
Secondary Offering | Operating Partnership Unit | |||||||||
Minority Interest [Line Items] | |||||||||
Operating partnership units outstanding | 553,847 | 553,847 | |||||||
Secondary Offering | Operating Partnership | |||||||||
Minority Interest [Line Items] | |||||||||
Operating partnership units converted | 18,502,705 | 18,502,705 | |||||||
Essential Properties OP GP LLC | |||||||||
Minority Interest [Line Items] | |||||||||
Percentage of general partner partnership interest owned | 1.00% |
Equity Based Compensation - 201
Equity Based Compensation - 2018 Incentive Plan - Additional Information (Details) - 2018 Equity Incentive Plan - shares | Dec. 31, 2019 | Jun. 22, 2018 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Maximum number of shares issuable under plan | 3,550,000 | |
Shares of common stock, reserved for issuance | 3,550,000 |
Equity Based Compensation - Res
Equity Based Compensation - Restricted Stock Awards - Additional Information (Details) - 2018 Equity Incentive Plan - Restricted Stock Awards - shares | Jun. 25, 2018 | Jan. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of unvested shares issued | 46,368 | 691,290 | ||
Directors, Executive Officers and Other Employees | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of unvested shares issued | 691,290 | 46,368 | ||
Directors, Executive Officers and Other Employees | Minimum | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Vesting period | 1 year | 1 year | ||
Directors, Executive Officers and Other Employees | Maximum | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Vesting period | 3 years | 4 years |
Equity Based Compensation - Sch
Equity Based Compensation - Schedule of Information about RSAs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | $ 21,745 | $ 13,762 | $ 8,775 |
Fair value of shares vested during the period | 2,283 | 718 | $ 612 |
Restricted Stock Awards | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | 3,394 | 1,692 | |
Dividends declared on unvested RSAs and charged directly to distributions in excess of cumulative earnings | 486 | $ 300 | |
Fair value of shares vested during the period | $ 3,354 |
Equity Based Compensation - S_2
Equity Based Compensation - Schedule of Information about Unrecognized Compensation Cost RSAs (Details) - Restricted Stock Awards - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Total unrecognized compensation cost | $ 5,026 | $ 7,764 |
Weighted average period over which compensation cost will be recognized (in years) | 1 year 7 months 6 days | 2 years 6 months |
Equity Based Compensation - R_2
Equity Based Compensation - Restricted Stock Units - Additional Information (Details) - Restricted Stock Units | 1 Months Ended | 12 Months Ended | |
Jun. 30, 2019shares | Jan. 31, 2019Companyshares | Dec. 31, 2019USD ($) | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Nonvested share awards percentage | 75.00% | ||
Number of peer companies returns compared for calculation of vesting percentages and vesting number of units | Company | 11 | ||
Total Shareholder return calculation basis description | TSR will be calculated based upon the average closing price for the 20-trading day period ending December 31, 2021, divided by the average closing price for the 20-trading day period ended January 1, 2019. The target number of units is based on achieving a TSR equal to the 50th percentile of the peer group. | ||
Nonvested share awards remaining percentage | 25.00% | ||
Compensation expense | $ | $ 0 | ||
Minimum | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Vesting percentage payout schedule can produce | 0.00% | ||
Maximum | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Vesting percentage payout schedule can produce | 250.00% | ||
Executive Officers | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Number of unvested shares issued | 119,085 | ||
Non-employee Directors | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Number of unvested shares issued | 11,500 | ||
Vesting period | 1 year |
Equity Based Compensation - S_3
Equity Based Compensation - Schedule of Assumptions Used in Measurement of Grant Date Fair Value of Total Shareholder Return RSUs Using Monte Carlo Simulation Model (Details) - Restricted Stock Units | 12 Months Ended |
Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Volatility | 18.00% |
Risk-free rate | 2.57% |
Equity Based Compensation - S_4
Equity Based Compensation - Schedule of Information about RSUs (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
General and Administrative Expense | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | $ 2,162,000 | $ 747,000 | $ 841,000 |
Restricted Stock Units | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | 0 | ||
Dividends declared on unvested RSAs and charged directly to distributions in excess of cumulative earnings | 8,000 | ||
Restricted Stock Units | General and Administrative Expense | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | $ 714,000 |
Equity Based Compensation - S_5
Equity Based Compensation - Schedule of Information about Unrecognized Compensation Cost Restricted Stock Units (Details) - Restricted Stock Units $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Total unrecognized compensation cost | $ 1,584 |
Weighted average period over which compensation cost will be recognized (in years) | 2 years 4 months 24 days |
Equity Based Compensation - S_6
Equity Based Compensation - Schedule of Information about RSA and RSU Activity (Details) - 2018 Equity Incentive Plan - $ / shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Restricted Stock Units | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested restricted stock award and RSU. Beginning Balance | ||
Unvested restricted stock award and RSU. Granted | 100,814 | |
Unvested restricted stock award and RSU. Ending Balance | 100,814 | |
Unvested restricted common stock, Weighted average grant date fair value | ||
Unvested restricted common stock, Granted, Weighted average grant date fair value | $ 22.80 | |
Unvested restricted common stock, Weighted average grant date fair value | $ 22.80 | |
Restricted Stock Awards | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested restricted stock award and RSU. Beginning Balance | 691,290 | |
Unvested restricted stock award and RSU. Granted | 46,368 | 691,290 |
Unvested restricted stock award and RSU. Vested | (244,957) | |
Unvested restricted stock award and RSU. Ending Balance | 492,701 | 691,290 |
Unvested restricted common stock, Weighted average grant date fair value | $ 13.68 | |
Unvested restricted common stock, Granted, Weighted average grant date fair value | 14.12 | $ 13.68 |
Unvested restricted common stock, Vested, Weighted average grant date fair value | 13.69 | |
Unvested restricted common stock, Weighted average grant date fair value | $ 13.72 | $ 13.68 |
Equity Based Compensation - Uni
Equity Based Compensation - Unit Based Compensation - Additional Information - (Details) | Jul. 22, 2019shares | Jul. 01, 2018$ / shares | Dec. 31, 2017Installmentshares | Jan. 31, 2017Installment$ / sharesshares | Dec. 31, 2019shares | Dec. 31, 2018shares | Dec. 31, 2017$ / sharesshares |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of units vested | 7,030 | 2,310 | 2,210 | ||||
Class B Units | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of units vested | 3,520 | 5,230 | 1,710 | 1,610 | |||
Grant date fair value of common stock awards per share | $ / shares | $ 323.65 | ||||||
Class B Units | Non-employees | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Grant date fair value of common stock awards per share | $ / shares | $ 1,280.35 | ||||||
Class D Units | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of units vested | 1,200 | 1,800 | 600 | 600 | |||
Grant date fair value of common stock awards per share | $ / shares | $ 152.16 | ||||||
Class D Units | Non-employees | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Grant date fair value of common stock awards per share | $ / shares | $ 79.09 | ||||||
Restricted Stock Awards | Class B Units | Members of EPRT Management and EPRT LLC's Board of Managers | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of unvested units issued | 8,050 | ||||||
Number of vesting installments | Installment | 5 | ||||||
Vesting period start date | Mar. 30, 2017 | ||||||
Vesting period end date | Mar. 30, 2021 | ||||||
Restricted Stock Awards | Class B Units | Additional Member of EPRT Management | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of unvested units issued | 500 | ||||||
Number of vesting installments | Installment | 5 | ||||||
Vesting period start date | May 1, 2018 | ||||||
Vesting period end date | May 1, 2022 | ||||||
Restricted Stock Awards | Class D Units | Members of EPRT LLC's Board of Managers and External Unitholders | |||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||||
Number of unvested units issued | 3,000 | ||||||
Number of vesting installments | Installment | 5 | ||||||
Vesting period start date | Mar. 30, 2017 | ||||||
Vesting period end date | Mar. 30, 2021 |
Equity Based Compensation - S_7
Equity Based Compensation - Schedule of Information about Unvested Class B and Class D Units (Details) - shares | Jul. 22, 2019 | Dec. 31, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Unvested units, Beginning balance | 7,030 | 9,340 | |||
Issuance of new grant of unvested shares | 500 | 11,550 | |||
Unvested units, Vested | (7,030) | (2,310) | (2,210) | ||
Unvested units, Ending balance | 9,340 | 7,030 | 9,340 | ||
Class B Units | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Unvested units, Beginning balance | 5,230 | 6,940 | |||
Issuance of new grant of unvested shares | 8,550 | ||||
Unvested units, Vested | (3,520) | (5,230) | (1,710) | (1,610) | |
Unvested units, Ending balance | 6,940 | 5,230 | 6,940 | ||
Class D Units | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Unvested units, Beginning balance | 1,800 | 2,400 | |||
Issuance of new grant of unvested shares | 3,000 | ||||
Unvested units, Vested | (1,200) | (1,800) | (600) | (600) | |
Unvested units, Ending balance | 2,400 | 1,800 | 2,400 |
Equity Based Compensation - S_8
Equity Based Compensation - Schedule of Information about Class B and Class D Units (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Fair value of units vested during the period | $ 2,283 | $ 718 | $ 612 |
General and Administrative Expense | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost recognized in general and administrative expense | $ 2,162 | $ 747 | $ 841 |
Equity Based Compensation - S_9
Equity Based Compensation - Schedule of Information about Unrecognized Compensation Cost Class B and Class D Units (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Class B Units | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Total unrecognized compensation cost | $ 1,899 |
Weighted average period over which compensation cost will be recognized (in years) | 2 years |
Class D Units | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Total unrecognized compensation cost | $ 231 |
Liability on units granted to non-employees | $ 33 |
Weighted average period over which compensation cost will be recognized (in years) | 2 years 3 months 18 days |
Leases - Scheduled Future Minim
Leases - Scheduled Future Minimum Base Rental Payments due to be Received Under Remaining Non-Cancelable Term of Operating Leases (ASC 842) (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Lessor Operating Lease Payments Fiscal Year Maturity [Abstract] | |
2020 | $ 144,265 |
2021 | 145,663 |
2022 | 147,584 |
2023 | 148,604 |
2024 | 147,773 |
Thereafter | 1,618,734 |
Total | $ 2,352,623 |
Leases - Components of Fixed an
Leases - Components of Fixed and Variable Lease Revenues (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Operating Leases Lease Income [Abstract] | |
Fixed lease revenues | $ 134,879 |
Variable lease revenues (1) | 2,282 |
Total lease revenues (2) | $ 137,161 |
Leases - Additional Information
Leases - Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | |
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | $ 4,800 | |||
Lease liabilities | 7,522 | |||
Rent expense | $ 1,425 | |||
Ground Rent Expense within Property Expenses | ||||
Lessee Lease Description [Line Items] | ||||
Rent expense | $ 500 | $ 700 | ||
Office and Equipment Leases within General and Administrative Expense | ||||
Lessee Lease Description [Line Items] | ||||
Rent expense | $ 200 | $ 200 | ||
ASU 2016-02 | ||||
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | $ 4,800 | |||
Lease liabilities | 4,800 | |||
Accrued Rent Expense Reclassified from Accrued Liabilities and Other Payables | ASU 2016-02 | ||||
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | (100) | |||
Acquired Above-Market Lease Liabilities, Net, Reclassified from Intangible Lease Liabilities, Net | ASU 2016-02 | ||||
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | (1,200) | |||
Acquired Below-Market Lease Assets, Net, Reclassified from Intangible Lease Assets, Net | ASU 2016-02 | ||||
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | 100 | |||
Prepaid Lease Payments | ASU 2016-02 | ||||
Lessee Lease Description [Line Items] | ||||
Right-of-use asset | $ 200 |
Leases - Information Related to
Leases - Information Related to Measurement of Lease Liabilities (Details) | Dec. 31, 2019 |
Leases [Abstract] | |
Weighted average remaining lease term (in years) | 21 years 10 months 24 days |
Weighted average discount rate | 7.00% |
Leases - Details of Rent Expens
Leases - Details of Rent Expense (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Leases [Abstract] | |
Fixed rent expense | $ 1,425 |
Total rent expense | $ 1,425 |
Leases - Summary of Future Leas
Leases - Summary of Future Lease Payments due from Company Under Ground, Office and Equipment Operating Leases (ASC 842) (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Lessee Lease Description [Line Items] | |
2020 | $ 1,409 |
2021 | 1,330 |
2022 | 1,321 |
2023 | 974 |
2024 | 821 |
Thereafter | 12,705 |
Total | 18,560 |
Present value discount | (11,038) |
Lease liability | 7,522 |
Office and Ground Leases to be Paid by the Company | |
Lessee Lease Description [Line Items] | |
2020 | 763 |
2021 | 680 |
2022 | 669 |
2023 | 656 |
2024 | 556 |
Thereafter | 538 |
Total | 3,862 |
Ground Leases to be Paid Directly by the Company's Tenants | |
Lessee Lease Description [Line Items] | |
2020 | 646 |
2021 | 650 |
2022 | 652 |
2023 | 318 |
2024 | 265 |
Thereafter | 12,167 |
Total | $ 14,698 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Commitments and Contingencies [Line Items] | |||
Reimbursement to tenants | $ 30.8 | ||
Executive Officers | |||
Commitments and Contingencies [Line Items] | |||
Employment agreement initial term | 4 years | ||
Employment agreement automatic extension period upon non-renewal notice not provided | 1 year | ||
401(k) Plan | |||
Commitments and Contingencies [Line Items] | |||
Defined contribution plan name | 401(k) Plan | ||
Employer matching contribution | $ 0.2 | $ 0.1 | $ 0.1 |
401(k) Plan | Maximum | |||
Commitments and Contingencies [Line Items] | |||
Employer matching contribution, percent of match | 100.00% | ||
Employer matching contribution, percent of eligible compensation | 3.00% | ||
401(k) Plan | Minimum | |||
Commitments and Contingencies [Line Items] | |||
Employer matching contribution, percent of match | 50.00% | ||
Employer matching contribution, percent of eligible compensation | 2.00% |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Net deferred financing costs | $ 3.8 | $ 9 |
Carrying Value | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Secured borrowings | 239.1 | 515.1 |
Level 3 | Estimated Fair Value | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Secured borrowings | 247.1 | $ 520.6 |
Level 3 | Estimated Fair Value | Interest Rate Swaps | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value of Asset/(Liability) | $ 2.9 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Fair Values of Real Estate Investments Measured at Nonrecurring Basis (Details) - Fair Value Measurements, Nonrecurring - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Net Carrying Value | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Non-financial long-lived assets | $ 3,864 | $ 3,238 |
Fair Value | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Non-financial long-lived assets | 3,864 | 3,238 |
Fair Value | Level 3 | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Non-financial long-lived assets | $ 3,864 | $ 3,238 |
Fair Value Measurements - Sum_2
Fair Value Measurements - Summary of Quantitative Information About Level 3 Fair Value Measurements (Details) - Level 3 $ in Thousands | Dec. 31, 2019USD ($) |
Casual Dining | Omaha, NE | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |
Fair Value | $ 864 |
Alternative Investment, Valuation Technique [Extensible List] | eprt:DiscountedCashFlowApproachMember |
Alternative Investment, Measurement Input [Extensible List] | eprt:TerminalValueAndDiscountRateMember |
Significant Unobservable Inputs | $ 864 |
Health and Fitness | Winston Salem, NC | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |
Fair Value | $ 3,000 |
Alternative Investment, Valuation Technique [Extensible List] | eprt:SalesComparisonApproachMember |
Alternative Investment, Measurement Input [Extensible List] | eprt:NonBindingSalesContract |
Significant Unobservable Inputs | $ 3,000 |
Fair Value Measurements - Sum_3
Fair Value Measurements - Summary of Quantitative Information About Level 3 Fair Value Measurements (Parenthetical) (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Terminal Value | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |
Percentage value of significant unobservable inputs | 7.50% |
Discount Rate | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |
Percentage value of significant unobservable inputs | 7.50% |
Related-Party Transactions - Ad
Related-Party Transactions - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2017 | May 31, 2019 | |
Affiliate of Eldridge and Manager | ||
Related Party Transaction [Line Items] | ||
Services expense | $ 0.1 | |
Eldridge Industries, LLC | Series 2016-1 Class A Notes | ||
Related Party Transaction [Line Items] | ||
Debt instrument repurchased, face amount | $ 200 | |
Debt instrument repurchased, amount | $ 201.4 |
Quarterly Results (Unaudited) -
Quarterly Results (Unaudited) - Summary of Unaudited Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
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, 2018 | Jun. 24, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||
Total revenues | $ 39,204 | $ 36,291 | $ 32,755 | $ 31,107 | $ 28,650 | $ 25,742 | $ 21,664 | $ 20,167 | $ 139,357 | $ 96,223 | $ 54,449 | ||
Net income | 14,626 | 14,106 | 10,571 | 8,722 | 8,299 | 7,707 | 3,499 | $ 1,109 | $ 16,329 | $ 4,285 | 48,025 | 20,614 | $ 6,296 |
Net income attributable to non-controlling interests | $ 105 | $ 861 | $ 2,620 | $ 2,595 | $ 2,519 | $ 2,383 | $ 99 | $ 5,001 | $ 6,181 | $ 5,001 | |||
Net income per share of common stock — basic and diluted | $ 0.18 | $ 0.14 | $ 0.13 | $ 0.13 | $ 0.12 | $ 0.01 | |||||||
Dividends declared per common share | $ 0.23 | $ 0.22 | $ 0.22 | $ 0.21 | $ 0.21 | $ 0.22 | $ 0.88 | $ 0.434 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) $ / shares in Units, $ in Thousands | Jan. 01, 2020USD ($)Property | Jan. 31, 2020Company$ / sharesshares | Jan. 31, 2019Companyshares | Jul. 20, 2018$ / sharesshares | Mar. 02, 2020USD ($) | Dec. 31, 2018shares | Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($) | Feb. 29, 2020USD ($) |
Subsequent Event | |||||||||
Payments to acquire loans receivable | $ | $ 94,637 | $ 14,854 | |||||||
Common Stock | |||||||||
Subsequent Event | |||||||||
Initial public offering/common stock issuance, shares | shares | 35,272,191 | 21,462,986 | |||||||
Common stock to purchase number of additional shares | shares | 4,875,000 | ||||||||
Common stock, price per share | $ / shares | $ 14 | ||||||||
Subsequent Event | |||||||||
Subsequent Event | |||||||||
Number of real estate investment properties acquired | Property | 36 | ||||||||
Aggregate investment (including acquisition-related costs) | $ | $ 85,500 | ||||||||
Investment in new and ongoing construction in progress | $ | $ 5,600 | ||||||||
Payments to acquire loans receivable | $ | $ 5,300 | ||||||||
Number of investment properties sold or transferred | Property | 5 | ||||||||
Investment, aggregate gross sales price | $ | $ 6,200 | ||||||||
Investment, disposition costs | $ | $ 300 | ||||||||
Subsequent Event | January 2020 Offering | Common Stock | |||||||||
Subsequent Event | |||||||||
Initial public offering/common stock issuance, shares | shares | 7,935,000 | ||||||||
Common stock to purchase number of additional shares | shares | 1,035,000 | ||||||||
Common stock, price per share | $ / shares | $ 25.20 | ||||||||
Subsequent Event | January 2020 Offering | Common Stock | Series 2017-1 Class A Notes | |||||||||
Subsequent Event | |||||||||
Debt instrument repurchased, amount | $ | $ 62,000 | ||||||||
Restricted Stock Units | |||||||||
Subsequent Event | |||||||||
Number of peer companies returns compared for calculation of vesting percentages and vesting number of units | Company | 11 | ||||||||
Total Shareholder return calculation basis description | TSR will be calculated based upon the average closing price for the 20-trading day period ending December 31, 2021, divided by the average closing price for the 20-trading day period ended January 1, 2019. The target number of units is based on achieving a TSR equal to the 50th percentile of the peer group. | ||||||||
Restricted Stock Units | Subsequent Event | |||||||||
Subsequent Event | |||||||||
Award to be vested based on total stockholder return | 75.00% | ||||||||
Award to be vested based on achievement of strategic objectives | 25.00% | ||||||||
Number of peer companies returns compared for calculation of vesting percentages and vesting number of units | Company | 13 | ||||||||
Restricted Stock Units | Minimum | |||||||||
Subsequent Event | |||||||||
Vesting percentage payout schedule can produce | 0.00% | ||||||||
Restricted Stock Units | Minimum | Subsequent Event | |||||||||
Subsequent Event | |||||||||
Vesting percentage payout schedule can produce | 0.00% | ||||||||
Restricted Stock Units | Maximum | |||||||||
Subsequent Event | |||||||||
Vesting percentage payout schedule can produce | 250.00% | ||||||||
Restricted Stock Units | Maximum | Subsequent Event | |||||||||
Subsequent Event | |||||||||
Vesting percentage payout schedule can produce | 250.00% | ||||||||
Restricted Stock Units | Executive Officers | |||||||||
Subsequent Event | |||||||||
Number of unvested shares issued | shares | 119,085 | ||||||||
Restricted Stock Units | Executive Officers | Subsequent Event | |||||||||
Subsequent Event | |||||||||
Number of unvested shares issued | shares | 84,684 | ||||||||
Restricted Stock Units | Executive Officers and Other Employees | Subsequent Event | |||||||||
Subsequent Event | |||||||||
Number of unvested shares issued | shares | 71,607 | ||||||||
Vesting period | 4 years |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 585,508 | |||
Initial Cost to Building & Improvements | 1,178,786 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 2,771 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 45,897 | |||
Gross Amount, Land & Improvements | 588,279 | |||
Gross Amount, Building & Improvements | 1,224,682 | |||
Gross Amount, Total | 1,812,961 | $ 1,306,504 | $ 866,762 | $ 396,193 |
Accumulated Depreciation | 71,445 | $ 37,904 | $ 15,356 | $ 2,903 |
Restaurants - Quick Service | Alexander City, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | 184 | |||
Initial Cost to Building & Improvements | 242 | |||
Gross Amount, Land & Improvements | 184 | |||
Gross Amount, Building & Improvements | 242 | |||
Gross Amount, Total | 426 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Zanesville, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 397 | |||
Initial Cost to Building & Improvements | 277 | |||
Gross Amount, Land & Improvements | 397 | |||
Gross Amount, Building & Improvements | 277 | |||
Gross Amount, Total | 674 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Belleville, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 314 | |||
Initial Cost to Building & Improvements | 369 | |||
Gross Amount, Land & Improvements | 314 | |||
Gross Amount, Building & Improvements | 369 | |||
Gross Amount, Total | 683 | |||
Accumulated Depreciation | $ 47 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Grand Rapids, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 177 | |||
Initial Cost to Building & Improvements | 346 | |||
Gross Amount, Land & Improvements | 177 | |||
Gross Amount, Building & Improvements | 346 | |||
Gross Amount, Total | 523 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Petaluma, CA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 467 | |||
Initial Cost to Building & Improvements | 533 | |||
Gross Amount, Land & Improvements | 467 | |||
Gross Amount, Building & Improvements | 533 | |||
Gross Amount, Total | 1,000 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Clarkesville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 178 | |||
Gross Amount, Land & Improvements | 178 | |||
Gross Amount, Total | $ 178 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Philadelphia, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 485 | |||
Initial Cost to Building & Improvements | 626 | |||
Gross Amount, Land & Improvements | 485 | |||
Gross Amount, Building & Improvements | 626 | |||
Gross Amount, Total | 1,111 | |||
Accumulated Depreciation | $ 84 | |||
Year Constructed | 1980 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Ruskin, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 641 | |||
Gross Amount, Land & Improvements | 641 | |||
Gross Amount, Total | $ 641 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Brownsville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 561 | |||
Initial Cost to Building & Improvements | 474 | |||
Gross Amount, Land & Improvements | 561 | |||
Gross Amount, Building & Improvements | 474 | |||
Gross Amount, Total | 1,035 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Waco, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 633 | |||
Initial Cost to Building & Improvements | 382 | |||
Gross Amount, Land & Improvements | 633 | |||
Gross Amount, Building & Improvements | 382 | |||
Gross Amount, Total | 1,015 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jacksonville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 330 | |||
Initial Cost to Building & Improvements | 542 | |||
Gross Amount, Land & Improvements | 330 | |||
Gross Amount, Building & Improvements | 542 | |||
Gross Amount, Total | 872 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Redford, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 468 | |||
Initial Cost to Building & Improvements | 567 | |||
Gross Amount, Land & Improvements | 468 | |||
Gross Amount, Building & Improvements | 567 | |||
Gross Amount, Total | 1,035 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Grapevine, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 775 | |||
Initial Cost to Building & Improvements | 904 | |||
Gross Amount, Land & Improvements | 775 | |||
Gross Amount, Building & Improvements | 904 | |||
Gross Amount, Total | 1,679 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 2016 | |||
Date Acquired | Sep. 28, 2018 | |||
Restaurants - Quick Service | Waterloo, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 344 | |||
Initial Cost to Building & Improvements | 846 | |||
Gross Amount, Land & Improvements | 344 | |||
Gross Amount, Building & Improvements | 846 | |||
Gross Amount, Total | 1,190 | |||
Accumulated Depreciation | $ 95 | |||
Year Constructed | 1982 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Cedar Rapids, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 436 | |||
Initial Cost to Building & Improvements | 1,179 | |||
Gross Amount, Land & Improvements | 436 | |||
Gross Amount, Building & Improvements | 1,179 | |||
Gross Amount, Total | 1,615 | |||
Accumulated Depreciation | $ 132 | |||
Year Constructed | 1991 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Pontiac, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 316 | |||
Initial Cost to Building & Improvements | 423 | |||
Gross Amount, Land & Improvements | 316 | |||
Gross Amount, Building & Improvements | 423 | |||
Gross Amount, Total | 739 | |||
Accumulated Depreciation | $ 61 | |||
Year Constructed | 2003 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Troy, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 674 | |||
Gross Amount, Land & Improvements | 674 | |||
Gross Amount, Total | $ 674 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | The Woodlands, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Year Constructed | 2001 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Ellsworth, ME | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 37 | |||
Initial Cost to Building & Improvements | 51 | |||
Gross Amount, Land & Improvements | 37 | |||
Gross Amount, Building & Improvements | 51 | |||
Gross Amount, Total | 88 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Clay, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 129 | |||
Initial Cost to Building & Improvements | 413 | |||
Gross Amount, Land & Improvements | 129 | |||
Gross Amount, Building & Improvements | 413 | |||
Gross Amount, Total | 542 | |||
Accumulated Depreciation | $ 236 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Buna, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 152 | |||
Initial Cost to Building & Improvements | 138 | |||
Gross Amount, Land & Improvements | 152 | |||
Gross Amount, Building & Improvements | 138 | |||
Gross Amount, Total | 290 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Carthage, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 111 | |||
Initial Cost to Building & Improvements | 239 | |||
Gross Amount, Land & Improvements | 111 | |||
Gross Amount, Building & Improvements | 239 | |||
Gross Amount, Total | 350 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Huntington, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 120 | |||
Initial Cost to Building & Improvements | 180 | |||
Gross Amount, Land & Improvements | 120 | |||
Gross Amount, Building & Improvements | 180 | |||
Gross Amount, Total | 300 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1980 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Huntsville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 120 | |||
Initial Cost to Building & Improvements | 290 | |||
Gross Amount, Land & Improvements | 120 | |||
Gross Amount, Building & Improvements | 290 | |||
Gross Amount, Total | 410 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jasper, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 111 | |||
Initial Cost to Building & Improvements | 209 | |||
Gross Amount, Land & Improvements | 111 | |||
Gross Amount, Building & Improvements | 209 | |||
Gross Amount, Total | 320 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Kountze, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 120 | |||
Initial Cost to Building & Improvements | 290 | |||
Gross Amount, Land & Improvements | 120 | |||
Gross Amount, Building & Improvements | 290 | |||
Gross Amount, Total | 410 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Rusk, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 129 | |||
Initial Cost to Building & Improvements | 142 | |||
Gross Amount, Land & Improvements | 129 | |||
Gross Amount, Building & Improvements | 142 | |||
Gross Amount, Total | 271 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Sour Lake, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 204 | |||
Initial Cost to Building & Improvements | 114 | |||
Gross Amount, Land & Improvements | 204 | |||
Gross Amount, Building & Improvements | 114 | |||
Gross Amount, Total | 318 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Vernon, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 155 | |||
Initial Cost to Building & Improvements | 208 | |||
Gross Amount, Land & Improvements | 155 | |||
Gross Amount, Building & Improvements | 208 | |||
Gross Amount, Total | 363 | |||
Accumulated Depreciation | $ 54 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Battle Creek, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 114 | |||
Initial Cost to Building & Improvements | 690 | |||
Gross Amount, Land & Improvements | 114 | |||
Gross Amount, Building & Improvements | 690 | |||
Gross Amount, Total | 804 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1969 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Mt Clemens, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 446 | |||
Initial Cost to Building & Improvements | 394 | |||
Gross Amount, Land & Improvements | 446 | |||
Gross Amount, Building & Improvements | 394 | |||
Gross Amount, Total | 840 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Clio, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 350 | |||
Initial Cost to Building & Improvements | 889 | |||
Gross Amount, Land & Improvements | 350 | |||
Gross Amount, Building & Improvements | 889 | |||
Gross Amount, Total | 1,239 | |||
Accumulated Depreciation | $ 104 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Charlotte, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 190 | |||
Initial Cost to Building & Improvements | 722 | |||
Gross Amount, Land & Improvements | 190 | |||
Gross Amount, Building & Improvements | 722 | |||
Gross Amount, Total | 912 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | St. Johns, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 218 | |||
Initial Cost to Building & Improvements | 403 | |||
Gross Amount, Land & Improvements | 218 | |||
Gross Amount, Building & Improvements | 403 | |||
Gross Amount, Total | 621 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Greenfield, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 556 | |||
Initial Cost to Building & Improvements | 789 | |||
Gross Amount, Land & Improvements | 556 | |||
Gross Amount, Building & Improvements | 789 | |||
Gross Amount, Total | 1,345 | |||
Accumulated Depreciation | $ 98 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Dayton, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 195 | |||
Initial Cost to Building & Improvements | 174 | |||
Gross Amount, Land & Improvements | 195 | |||
Gross Amount, Building & Improvements | 174 | |||
Gross Amount, Total | 369 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1969 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Diboll, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 92 | |||
Initial Cost to Building & Improvements | 177 | |||
Gross Amount, Land & Improvements | 92 | |||
Gross Amount, Building & Improvements | 177 | |||
Gross Amount, Total | 269 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | West Berlin, NJ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 250 | |||
Initial Cost to Building & Improvements | 399 | |||
Gross Amount, Land & Improvements | 250 | |||
Gross Amount, Building & Improvements | 399 | |||
Gross Amount, Total | 649 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Redford, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 479 | |||
Gross Amount, Land & Improvements | 479 | |||
Gross Amount, Total | $ 479 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Bridgeport, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 309 | |||
Initial Cost to Building & Improvements | 619 | |||
Gross Amount, Land & Improvements | 309 | |||
Gross Amount, Building & Improvements | 619 | |||
Gross Amount, Total | 928 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | College Station, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 383 | |||
Initial Cost to Building & Improvements | 569 | |||
Gross Amount, Land & Improvements | 383 | |||
Gross Amount, Building & Improvements | 569 | |||
Gross Amount, Total | 952 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Birmingham, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 261 | |||
Initial Cost to Building & Improvements | 780 | |||
Gross Amount, Land & Improvements | 261 | |||
Gross Amount, Building & Improvements | 780 | |||
Gross Amount, Total | 1,041 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Oneonta, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 220 | |||
Initial Cost to Building & Improvements | 485 | |||
Gross Amount, Land & Improvements | 220 | |||
Gross Amount, Building & Improvements | 485 | |||
Gross Amount, Total | 705 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Union City, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 416 | |||
Initial Cost to Building & Improvements | 746 | |||
Gross Amount, Land & Improvements | 416 | |||
Gross Amount, Building & Improvements | 746 | |||
Gross Amount, Total | 1,162 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Marietta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 214 | |||
Initial Cost to Building & Improvements | 618 | |||
Gross Amount, Land & Improvements | 214 | |||
Gross Amount, Building & Improvements | 618 | |||
Gross Amount, Total | 832 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Vicksburg, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 203 | |||
Initial Cost to Building & Improvements | 627 | |||
Gross Amount, Land & Improvements | 203 | |||
Gross Amount, Building & Improvements | 627 | |||
Gross Amount, Total | 830 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Riverdale, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 309 | |||
Initial Cost to Building & Improvements | 584 | |||
Gross Amount, Land & Improvements | 309 | |||
Gross Amount, Building & Improvements | 584 | |||
Gross Amount, Total | 893 | |||
Accumulated Depreciation | $ 67 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Snellville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 242 | |||
Initial Cost to Building & Improvements | 484 | |||
Gross Amount, Land & Improvements | 242 | |||
Gross Amount, Building & Improvements | 484 | |||
Gross Amount, Total | 726 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Parkersburg, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 185 | |||
Initial Cost to Building & Improvements | 570 | |||
Gross Amount, Land & Improvements | 185 | |||
Gross Amount, Building & Improvements | 570 | |||
Gross Amount, Total | 755 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Trussville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 243 | |||
Initial Cost to Building & Improvements | 480 | |||
Gross Amount, Land & Improvements | 243 | |||
Gross Amount, Building & Improvements | 480 | |||
Gross Amount, Total | 723 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Forest Park, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 233 | |||
Initial Cost to Building & Improvements | 341 | |||
Gross Amount, Land & Improvements | 233 | |||
Gross Amount, Building & Improvements | 341 | |||
Gross Amount, Total | 574 | |||
Accumulated Depreciation | $ 39 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Decatur, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 239 | |||
Initial Cost to Building & Improvements | 714 | |||
Gross Amount, Land & Improvements | 239 | |||
Gross Amount, Building & Improvements | 714 | |||
Gross Amount, Total | 953 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Monroe, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 302 | |||
Initial Cost to Building & Improvements | 733 | |||
Gross Amount, Land & Improvements | 302 | |||
Gross Amount, Building & Improvements | 733 | |||
Gross Amount, Total | 1,035 | |||
Accumulated Depreciation | $ 82 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Decatur, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 292 | |||
Initial Cost to Building & Improvements | 463 | |||
Gross Amount, Land & Improvements | 292 | |||
Gross Amount, Building & Improvements | 463 | |||
Gross Amount, Total | 755 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Columbia, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 241 | |||
Initial Cost to Building & Improvements | 461 | |||
Gross Amount, Land & Improvements | 241 | |||
Gross Amount, Building & Improvements | 461 | |||
Gross Amount, Total | 702 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Decatur, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 302 | |||
Initial Cost to Building & Improvements | 721 | |||
Gross Amount, Land & Improvements | 302 | |||
Gross Amount, Building & Improvements | 721 | |||
Gross Amount, Total | 1,023 | |||
Accumulated Depreciation | $ 81 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Conyers, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 330 | |||
Initial Cost to Building & Improvements | 767 | |||
Gross Amount, Land & Improvements | 330 | |||
Gross Amount, Building & Improvements | 767 | |||
Gross Amount, Total | 1,097 | |||
Accumulated Depreciation | $ 87 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Stockbridge, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 396 | |||
Initial Cost to Building & Improvements | 771 | |||
Gross Amount, Land & Improvements | 396 | |||
Gross Amount, Building & Improvements | 771 | |||
Gross Amount, Total | 1,167 | |||
Accumulated Depreciation | $ 83 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Lawrenceville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 306 | |||
Initial Cost to Building & Improvements | 550 | |||
Gross Amount, Land & Improvements | 306 | |||
Gross Amount, Building & Improvements | 550 | |||
Gross Amount, Total | 856 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Lithonia, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 290 | |||
Initial Cost to Building & Improvements | 606 | |||
Gross Amount, Land & Improvements | 290 | |||
Gross Amount, Building & Improvements | 606 | |||
Gross Amount, Total | 896 | |||
Accumulated Depreciation | $ 67 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Tucker, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 339 | |||
Initial Cost to Building & Improvements | 586 | |||
Gross Amount, Land & Improvements | 339 | |||
Gross Amount, Building & Improvements | 586 | |||
Gross Amount, Total | 925 | |||
Accumulated Depreciation | $ 67 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Covington, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 379 | |||
Initial Cost to Building & Improvements | 722 | |||
Gross Amount, Land & Improvements | 379 | |||
Gross Amount, Building & Improvements | 722 | |||
Gross Amount, Total | 1,101 | |||
Accumulated Depreciation | $ 84 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Columbus, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 174 | |||
Initial Cost to Building & Improvements | 442 | |||
Gross Amount, Land & Improvements | 174 | |||
Gross Amount, Building & Improvements | 442 | |||
Gross Amount, Total | 616 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Owensboro, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 263 | |||
Initial Cost to Building & Improvements | 155 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 754 | |||
Gross Amount, Land & Improvements | 263 | |||
Gross Amount, Building & Improvements | 909 | |||
Gross Amount, Total | 1,172 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Tupelo, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 731 | |||
Initial Cost to Building & Improvements | 329 | |||
Gross Amount, Land & Improvements | 731 | |||
Gross Amount, Building & Improvements | 329 | |||
Gross Amount, Total | 1,060 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | New Albany, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 295 | |||
Initial Cost to Building & Improvements | 346 | |||
Gross Amount, Land & Improvements | 295 | |||
Gross Amount, Building & Improvements | 346 | |||
Gross Amount, Total | 641 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Ashland, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 279 | |||
Initial Cost to Building & Improvements | 858 | |||
Gross Amount, Land & Improvements | 279 | |||
Gross Amount, Building & Improvements | 858 | |||
Gross Amount, Total | 1,137 | |||
Accumulated Depreciation | $ 100 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Huntington, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 223 | |||
Initial Cost to Building & Improvements | 539 | |||
Gross Amount, Land & Improvements | 223 | |||
Gross Amount, Building & Improvements | 539 | |||
Gross Amount, Total | 762 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | North Little Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 190 | |||
Initial Cost to Building & Improvements | 450 | |||
Gross Amount, Land & Improvements | 190 | |||
Gross Amount, Building & Improvements | 450 | |||
Gross Amount, Total | 640 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Parkersburg, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 261 | |||
Initial Cost to Building & Improvements | 513 | |||
Gross Amount, Land & Improvements | 261 | |||
Gross Amount, Building & Improvements | 513 | |||
Gross Amount, Total | 774 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Chattanooga, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 407 | |||
Initial Cost to Building & Improvements | 465 | |||
Gross Amount, Land & Improvements | 407 | |||
Gross Amount, Building & Improvements | 465 | |||
Gross Amount, Total | 872 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Knoxville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 352 | |||
Initial Cost to Building & Improvements | 347 | |||
Gross Amount, Land & Improvements | 352 | |||
Gross Amount, Building & Improvements | 347 | |||
Gross Amount, Total | 699 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jacksonville, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 284 | |||
Initial Cost to Building & Improvements | 152 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 878 | |||
Gross Amount, Land & Improvements | 284 | |||
Gross Amount, Building & Improvements | 1,030 | |||
Gross Amount, Total | 1,314 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | KnoxvilleTennesseeSevenMember | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 394 | |||
Initial Cost to Building & Improvements | 271 | |||
Gross Amount, Land & Improvements | 394 | |||
Gross Amount, Building & Improvements | 271 | |||
Gross Amount, Total | 665 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Forestdale, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 241 | |||
Initial Cost to Building & Improvements | 613 | |||
Gross Amount, Land & Improvements | 241 | |||
Gross Amount, Building & Improvements | 613 | |||
Gross Amount, Total | 854 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Louisville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 319 | |||
Initial Cost to Building & Improvements | 238 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 739 | |||
Gross Amount, Land & Improvements | 319 | |||
Gross Amount, Building & Improvements | 977 | |||
Gross Amount, Total | 1,296 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Festus, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 195 | |||
Initial Cost to Building & Improvements | 802 | |||
Gross Amount, Land & Improvements | 195 | |||
Gross Amount, Building & Improvements | 802 | |||
Gross Amount, Total | 997 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jacksonville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 220 | |||
Initial Cost to Building & Improvements | 701 | |||
Gross Amount, Land & Improvements | 220 | |||
Gross Amount, Building & Improvements | 701 | |||
Gross Amount, Total | 921 | |||
Accumulated Depreciation | $ 84 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Winter Garden, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 326 | |||
Initial Cost to Building & Improvements | 383 | |||
Gross Amount, Land & Improvements | 326 | |||
Gross Amount, Building & Improvements | 383 | |||
Gross Amount, Total | 709 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Sanford, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 350 | |||
Initial Cost to Building & Improvements | 375 | |||
Gross Amount, Land & Improvements | 350 | |||
Gross Amount, Building & Improvements | 375 | |||
Gross Amount, Total | 725 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Lebanon, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 311 | |||
Initial Cost to Building & Improvements | 736 | |||
Gross Amount, Land & Improvements | 311 | |||
Gross Amount, Building & Improvements | 736 | |||
Gross Amount, Total | 1,047 | |||
Accumulated Depreciation | $ 98 | |||
Year Constructed | 1974 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Prattville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 551 | |||
Initial Cost to Building & Improvements | 524 | |||
Gross Amount, Land & Improvements | 551 | |||
Gross Amount, Building & Improvements | 524 | |||
Gross Amount, Total | 1,075 | |||
Accumulated Depreciation | $ 64 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Calhoun, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 346 | |||
Initial Cost to Building & Improvements | 673 | |||
Gross Amount, Land & Improvements | 346 | |||
Gross Amount, Building & Improvements | 673 | |||
Gross Amount, Total | 1,019 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Mableton, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 152 | |||
Initial Cost to Building & Improvements | 366 | |||
Gross Amount, Land & Improvements | 152 | |||
Gross Amount, Building & Improvements | 366 | |||
Gross Amount, Total | 518 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Brunswick, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 532 | |||
Initial Cost to Building & Improvements | 137 | |||
Gross Amount, Land & Improvements | 532 | |||
Gross Amount, Building & Improvements | 137 | |||
Gross Amount, Total | 669 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Summerville, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 215 | |||
Initial Cost to Building & Improvements | 720 | |||
Gross Amount, Land & Improvements | 215 | |||
Gross Amount, Building & Improvements | 720 | |||
Gross Amount, Total | 935 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Thomaston, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 193 | |||
Initial Cost to Building & Improvements | 364 | |||
Gross Amount, Land & Improvements | 193 | |||
Gross Amount, Building & Improvements | 364 | |||
Gross Amount, Total | 557 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Smyrna, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 392 | |||
Initial Cost to Building & Improvements | 311 | |||
Gross Amount, Land & Improvements | 392 | |||
Gross Amount, Building & Improvements | 311 | |||
Gross Amount, Total | 703 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Smyrna, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 221 | |||
Initial Cost to Building & Improvements | 556 | |||
Gross Amount, Land & Improvements | 221 | |||
Gross Amount, Building & Improvements | 556 | |||
Gross Amount, Total | 777 | |||
Accumulated Depreciation | $ 64 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Tullahoma, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 226 | |||
Initial Cost to Building & Improvements | 701 | |||
Gross Amount, Land & Improvements | 226 | |||
Gross Amount, Building & Improvements | 701 | |||
Gross Amount, Total | 927 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Shelbyville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 323 | |||
Initial Cost to Building & Improvements | 456 | |||
Gross Amount, Land & Improvements | 323 | |||
Gross Amount, Building & Improvements | 456 | |||
Gross Amount, Total | 779 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Dallas, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 260 | |||
Initial Cost to Building & Improvements | 832 | |||
Gross Amount, Land & Improvements | 260 | |||
Gross Amount, Building & Improvements | 832 | |||
Gross Amount, Total | 1,092 | |||
Accumulated Depreciation | $ 102 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | North Charleston, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 121 | |||
Initial Cost to Building & Improvements | 459 | |||
Gross Amount, Land & Improvements | 121 | |||
Gross Amount, Building & Improvements | 459 | |||
Gross Amount, Total | 580 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | LaGrange, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 207 | |||
Initial Cost to Building & Improvements | 562 | |||
Gross Amount, Land & Improvements | 207 | |||
Gross Amount, Building & Improvements | 562 | |||
Gross Amount, Total | 769 | |||
Accumulated Depreciation | $ 67 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Cullman, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 260 | |||
Initial Cost to Building & Improvements | 723 | |||
Gross Amount, Land & Improvements | 260 | |||
Gross Amount, Building & Improvements | 723 | |||
Gross Amount, Total | 983 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Batesville, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 125 | |||
Initial Cost to Building & Improvements | 551 | |||
Gross Amount, Land & Improvements | 125 | |||
Gross Amount, Building & Improvements | 551 | |||
Gross Amount, Total | 676 | |||
Accumulated Depreciation | $ 64 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Phenix City, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 273 | |||
Initial Cost to Building & Improvements | 665 | |||
Gross Amount, Land & Improvements | 273 | |||
Gross Amount, Building & Improvements | 665 | |||
Gross Amount, Total | 938 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Montgomery, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 333 | |||
Initial Cost to Building & Improvements | 349 | |||
Gross Amount, Land & Improvements | 333 | |||
Gross Amount, Building & Improvements | 349 | |||
Gross Amount, Total | 682 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Starke, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 240 | |||
Initial Cost to Building & Improvements | 468 | |||
Gross Amount, Land & Improvements | 240 | |||
Gross Amount, Building & Improvements | 468 | |||
Gross Amount, Total | 708 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1980 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Madisonville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 302 | |||
Initial Cost to Building & Improvements | 426 | |||
Gross Amount, Land & Improvements | 302 | |||
Gross Amount, Building & Improvements | 426 | |||
Gross Amount, Total | 728 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1976 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jackson, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 400 | |||
Initial Cost to Building & Improvements | 348 | |||
Gross Amount, Land & Improvements | 400 | |||
Gross Amount, Building & Improvements | 348 | |||
Gross Amount, Total | 748 | |||
Accumulated Depreciation | $ 43 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Marietta, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 175 | |||
Initial Cost to Building & Improvements | 506 | |||
Gross Amount, Land & Improvements | 175 | |||
Gross Amount, Building & Improvements | 506 | |||
Gross Amount, Total | 681 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Madison, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 281 | |||
Initial Cost to Building & Improvements | 458 | |||
Gross Amount, Land & Improvements | 281 | |||
Gross Amount, Building & Improvements | 458 | |||
Gross Amount, Total | 739 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Hueytown, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 133 | |||
Initial Cost to Building & Improvements | 711 | |||
Gross Amount, Land & Improvements | 133 | |||
Gross Amount, Building & Improvements | 711 | |||
Gross Amount, Total | 844 | |||
Accumulated Depreciation | $ 82 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Little Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 169 | |||
Initial Cost to Building & Improvements | 48 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 15 | |||
Gross Amount, Land & Improvements | 169 | |||
Gross Amount, Building & Improvements | 63 | |||
Gross Amount, Total | 232 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Gallipolis, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 247 | |||
Initial Cost to Building & Improvements | 722 | |||
Gross Amount, Land & Improvements | 247 | |||
Gross Amount, Building & Improvements | 722 | |||
Gross Amount, Total | 969 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Valdosta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 236 | |||
Initial Cost to Building & Improvements | 545 | |||
Gross Amount, Land & Improvements | 236 | |||
Gross Amount, Building & Improvements | 545 | |||
Gross Amount, Total | 781 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1980 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Hurricane, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 238 | |||
Initial Cost to Building & Improvements | 485 | |||
Gross Amount, Land & Improvements | 238 | |||
Gross Amount, Building & Improvements | 485 | |||
Gross Amount, Total | 723 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Douglas, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 243 | |||
Initial Cost to Building & Improvements | 557 | |||
Gross Amount, Land & Improvements | 243 | |||
Gross Amount, Building & Improvements | 557 | |||
Gross Amount, Total | 800 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Fayetteville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 300 | |||
Initial Cost to Building & Improvements | 506 | |||
Gross Amount, Land & Improvements | 300 | |||
Gross Amount, Building & Improvements | 506 | |||
Gross Amount, Total | 806 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Troy, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 183 | |||
Initial Cost to Building & Improvements | 520 | |||
Gross Amount, Land & Improvements | 183 | |||
Gross Amount, Building & Improvements | 520 | |||
Gross Amount, Total | 703 | |||
Accumulated Depreciation | $ 61 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Wetumpka, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 273 | |||
Initial Cost to Building & Improvements | 416 | |||
Gross Amount, Land & Improvements | 273 | |||
Gross Amount, Building & Improvements | 416 | |||
Gross Amount, Total | 689 | |||
Accumulated Depreciation | $ 52 | |||
Year Constructed | 1986 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | St. Albans, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 154 | |||
Initial Cost to Building & Improvements | 491 | |||
Gross Amount, Land & Improvements | 154 | |||
Gross Amount, Building & Improvements | 491 | |||
Gross Amount, Total | 645 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Huntington, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 233 | |||
Initial Cost to Building & Improvements | 540 | |||
Gross Amount, Land & Improvements | 233 | |||
Gross Amount, Building & Improvements | 540 | |||
Gross Amount, Total | 773 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Newburgh, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 913 | |||
Initial Cost to Building & Improvements | 738 | |||
Gross Amount, Land & Improvements | 913 | |||
Gross Amount, Building & Improvements | 738 | |||
Gross Amount, Total | 1,651 | |||
Accumulated Depreciation | $ 121 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Erie, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 444 | |||
Initial Cost to Building & Improvements | 562 | |||
Gross Amount, Land & Improvements | 444 | |||
Gross Amount, Building & Improvements | 562 | |||
Gross Amount, Total | 1,006 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Dickson, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 292 | |||
Initial Cost to Building & Improvements | 79 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 29 | |||
Gross Amount, Land & Improvements | 292 | |||
Gross Amount, Building & Improvements | 108 | |||
Gross Amount, Total | 400 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | South Daytona, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 416 | |||
Initial Cost to Building & Improvements | 668 | |||
Gross Amount, Land & Improvements | 416 | |||
Gross Amount, Building & Improvements | 668 | |||
Gross Amount, Total | 1,084 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Milford, NH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 409 | |||
Initial Cost to Building & Improvements | 355 | |||
Gross Amount, Land & Improvements | 409 | |||
Gross Amount, Building & Improvements | 355 | |||
Gross Amount, Total | 764 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Portland, OR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 252 | |||
Initial Cost to Building & Improvements | 131 | |||
Gross Amount, Land & Improvements | 252 | |||
Gross Amount, Building & Improvements | 131 | |||
Gross Amount, Total | 383 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 2015 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Alexandria, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 271 | |||
Initial Cost to Building & Improvements | 953 | |||
Gross Amount, Land & Improvements | 271 | |||
Gross Amount, Building & Improvements | 953 | |||
Gross Amount, Total | 1,224 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1985 | |||
Date Acquired | Jan. 10, 2019 | |||
Restaurants - Quick Service | Superior, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 370 | |||
Initial Cost to Building & Improvements | 434 | |||
Gross Amount, Land & Improvements | 370 | |||
Gross Amount, Building & Improvements | 434 | |||
Gross Amount, Total | 804 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Jacksonville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 872 | |||
Initial Cost to Building & Improvements | 354 | |||
Gross Amount, Land & Improvements | 872 | |||
Gross Amount, Building & Improvements | 354 | |||
Gross Amount, Total | 1,226 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Augusta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 272 | |||
Initial Cost to Building & Improvements | 26 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (26) | |||
Gross Amount, Land & Improvements | 272 | |||
Gross Amount, Total | 272 | |||
Accumulated Depreciation | $ 20 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Warner Robins, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 130 | |||
Initial Cost to Building & Improvements | 174 | |||
Gross Amount, Land & Improvements | 130 | |||
Gross Amount, Building & Improvements | 174 | |||
Gross Amount, Total | 304 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Beloit, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 144 | |||
Initial Cost to Building & Improvements | 1,134 | |||
Gross Amount, Land & Improvements | 144 | |||
Gross Amount, Building & Improvements | 1,134 | |||
Gross Amount, Total | 1,278 | |||
Accumulated Depreciation | $ 115 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants - Quick Service | Mansfield, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 91 | |||
Initial Cost to Building & Improvements | 112 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (52) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (69) | |||
Gross Amount, Land & Improvements | 39 | |||
Gross Amount, Building & Improvements | 43 | |||
Gross Amount, Total | 82 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1988 | |||
Date Acquired | Sep. 16, 2016 | |||
Restaurants - Quick Service | Burlington, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 444 | |||
Initial Cost to Building & Improvements | 1,171 | |||
Gross Amount, Land & Improvements | 444 | |||
Gross Amount, Building & Improvements | 1,171 | |||
Gross Amount, Total | 1,615 | |||
Accumulated Depreciation | $ 131 | |||
Year Constructed | 1976 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Muscatine, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 264 | |||
Initial Cost to Building & Improvements | 854 | |||
Gross Amount, Land & Improvements | 264 | |||
Gross Amount, Building & Improvements | 854 | |||
Gross Amount, Total | 1,118 | |||
Accumulated Depreciation | $ 96 | |||
Year Constructed | 1993 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Cheektowaga, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,381 | |||
Initial Cost to Building & Improvements | 1,903 | |||
Gross Amount, Land & Improvements | 1,381 | |||
Gross Amount, Building & Improvements | 1,903 | |||
Gross Amount, Total | $ 3,284 | |||
Year Constructed | 2000 | |||
Date Acquired | Dec. 23, 2019 | |||
Restaurants - Quick Service | Fort Madison, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 304 | |||
Initial Cost to Building & Improvements | 1,284 | |||
Gross Amount, Land & Improvements | 304 | |||
Gross Amount, Building & Improvements | 1,284 | |||
Gross Amount, Total | 1,588 | |||
Accumulated Depreciation | $ 144 | |||
Year Constructed | 1987 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Cedar Falls, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 375 | |||
Initial Cost to Building & Improvements | 771 | |||
Gross Amount, Land & Improvements | 375 | |||
Gross Amount, Building & Improvements | 771 | |||
Gross Amount, Total | 1,146 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 2004 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Nebraska City, NE | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 363 | |||
Initial Cost to Building & Improvements | 748 | |||
Gross Amount, Land & Improvements | 363 | |||
Gross Amount, Building & Improvements | 748 | |||
Gross Amount, Total | 1,111 | |||
Accumulated Depreciation | $ 84 | |||
Year Constructed | 2014 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Plattsmouth, NE | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 304 | |||
Initial Cost to Building & Improvements | 1,302 | |||
Gross Amount, Land & Improvements | 304 | |||
Gross Amount, Building & Improvements | 1,302 | |||
Gross Amount, Total | 1,606 | |||
Accumulated Depreciation | $ 146 | |||
Year Constructed | 1999 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Red Oak, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 254 | |||
Initial Cost to Building & Improvements | 1,010 | |||
Gross Amount, Land & Improvements | 254 | |||
Gross Amount, Building & Improvements | 1,010 | |||
Gross Amount, Total | 1,264 | |||
Accumulated Depreciation | $ 113 | |||
Year Constructed | 2000 | |||
Date Acquired | Nov. 15, 2016 | |||
Restaurants - Quick Service | Baden, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 191 | |||
Initial Cost to Building & Improvements | 245 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (133) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (187) | |||
Gross Amount, Land & Improvements | 58 | |||
Gross Amount, Building & Improvements | 58 | |||
Gross Amount, Total | 116 | |||
Accumulated Depreciation | $ 97 | |||
Year Constructed | 1962 | |||
Date Acquired | Dec. 28, 2016 | |||
Restaurants - Quick Service | Jasper, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 370 | |||
Initial Cost to Building & Improvements | 331 | |||
Gross Amount, Land & Improvements | 370 | |||
Gross Amount, Building & Improvements | 331 | |||
Gross Amount, Total | 701 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Cedartown, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 258 | |||
Initial Cost to Building & Improvements | 812 | |||
Gross Amount, Land & Improvements | 258 | |||
Gross Amount, Building & Improvements | 812 | |||
Gross Amount, Total | 1,070 | |||
Accumulated Depreciation | $ 71 | |||
Year Constructed | 1987 | |||
Date Acquired | Mar. 9, 2017 | |||
Restaurants - Quick Service | Forsyth, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 464 | |||
Initial Cost to Building & Improvements | 808 | |||
Gross Amount, Land & Improvements | 464 | |||
Gross Amount, Building & Improvements | 808 | |||
Gross Amount, Total | 1,272 | |||
Accumulated Depreciation | $ 71 | |||
Year Constructed | 1989 | |||
Date Acquired | Mar. 9, 2017 | |||
Restaurants - Quick Service | Inverness, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 382 | |||
Initial Cost to Building & Improvements | 493 | |||
Gross Amount, Land & Improvements | 382 | |||
Gross Amount, Building & Improvements | 493 | |||
Gross Amount, Total | 875 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2003 | |||
Date Acquired | May 30, 2017 | |||
Restaurants - Quick Service | Nashville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 181 | |||
Initial Cost to Building & Improvements | 513 | |||
Gross Amount, Land & Improvements | 181 | |||
Gross Amount, Building & Improvements | 513 | |||
Gross Amount, Total | 694 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 6, 2017 | |||
Restaurants - Quick Service | Soperton, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 312 | |||
Initial Cost to Building & Improvements | 443 | |||
Gross Amount, Land & Improvements | 312 | |||
Gross Amount, Building & Improvements | 443 | |||
Gross Amount, Total | 755 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 6, 2017 | |||
Restaurants - Quick Service | Algona, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 150 | |||
Initial Cost to Building & Improvements | 528 | |||
Gross Amount, Land & Improvements | 150 | |||
Gross Amount, Building & Improvements | 528 | |||
Gross Amount, Total | 678 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1993 | |||
Date Acquired | Aug. 10, 2017 | |||
Restaurants - Quick Service | Bryant, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 622 | |||
Initial Cost to Building & Improvements | 885 | |||
Gross Amount, Land & Improvements | 622 | |||
Gross Amount, Building & Improvements | 885 | |||
Gross Amount, Total | 1,507 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2008 | |||
Date Acquired | Sep. 30, 2019 | |||
Restaurants - Quick Service | Memphis, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 880 | |||
Initial Cost to Building & Improvements | 921 | |||
Gross Amount, Land & Improvements | 880 | |||
Gross Amount, Building & Improvements | 921 | |||
Gross Amount, Total | $ 1,801 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 23, 2019 | |||
Restaurants - Quick Service | East Bethel, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 764 | |||
Initial Cost to Building & Improvements | 1,353 | |||
Gross Amount, Land & Improvements | 764 | |||
Gross Amount, Building & Improvements | 1,353 | |||
Gross Amount, Total | 2,117 | |||
Accumulated Depreciation | $ 163 | |||
Year Constructed | 1996 | |||
Date Acquired | Sep. 27, 2017 | |||
Restaurants - Quick Service | Isanti, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,167 | |||
Initial Cost to Building & Improvements | 1,859 | |||
Gross Amount, Land & Improvements | 1,167 | |||
Gross Amount, Building & Improvements | 1,859 | |||
Gross Amount, Total | 3,026 | |||
Accumulated Depreciation | $ 187 | |||
Year Constructed | 1989 | |||
Date Acquired | Sep. 27, 2017 | |||
Restaurants - Quick Service | Grantsburg,WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 640 | |||
Initial Cost to Building & Improvements | 1,673 | |||
Gross Amount, Land & Improvements | 640 | |||
Gross Amount, Building & Improvements | 1,673 | |||
Gross Amount, Total | 2,313 | |||
Accumulated Depreciation | $ 165 | |||
Year Constructed | 2005 | |||
Date Acquired | Sep. 27, 2017 | |||
Restaurants - Quick Service | Gray, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 293 | |||
Initial Cost to Building & Improvements | 374 | |||
Gross Amount, Land & Improvements | 293 | |||
Gross Amount, Building & Improvements | 374 | |||
Gross Amount, Total | 667 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 1992 | |||
Date Acquired | Nov. 10, 2017 | |||
Restaurants - Quick Service | Sandersville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 283 | |||
Initial Cost to Building & Improvements | 515 | |||
Gross Amount, Land & Improvements | 283 | |||
Gross Amount, Building & Improvements | 515 | |||
Gross Amount, Total | 798 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1989 | |||
Date Acquired | Nov. 10, 2017 | |||
Restaurants - Quick Service | Barnesville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 243 | |||
Initial Cost to Building & Improvements | 414 | |||
Gross Amount, Land & Improvements | 243 | |||
Gross Amount, Building & Improvements | 414 | |||
Gross Amount, Total | 657 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1996 | |||
Date Acquired | Nov. 10, 2017 | |||
Restaurants - Quick Service | Hutchinson, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 194 | |||
Initial Cost to Building & Improvements | 777 | |||
Gross Amount, Land & Improvements | 194 | |||
Gross Amount, Building & Improvements | 777 | |||
Gross Amount, Total | 971 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 1971 | |||
Date Acquired | Nov. 16, 2017 | |||
Restaurants - Quick Service | Sylacauga, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 166 | |||
Initial Cost to Building & Improvements | 351 | |||
Gross Amount, Land & Improvements | 166 | |||
Gross Amount, Building & Improvements | 351 | |||
Gross Amount, Total | 517 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1976 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Daleville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 127 | |||
Initial Cost to Building & Improvements | 409 | |||
Gross Amount, Land & Improvements | 127 | |||
Gross Amount, Building & Improvements | 409 | |||
Gross Amount, Total | 536 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1983 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Roanoke, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 224 | |||
Initial Cost to Building & Improvements | 526 | |||
Gross Amount, Land & Improvements | 224 | |||
Gross Amount, Building & Improvements | 526 | |||
Gross Amount, Total | 750 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 1990 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Alexander City, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 263 | |||
Initial Cost to Building & Improvements | 506 | |||
Gross Amount, Land & Improvements | 263 | |||
Gross Amount, Building & Improvements | 506 | |||
Gross Amount, Total | 769 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 2004 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Headland, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 273 | |||
Initial Cost to Building & Improvements | 370 | |||
Gross Amount, Land & Improvements | 273 | |||
Gross Amount, Building & Improvements | 370 | |||
Gross Amount, Total | 643 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Tallassee, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 195 | |||
Initial Cost to Building & Improvements | 302 | |||
Gross Amount, Land & Improvements | 195 | |||
Gross Amount, Building & Improvements | 302 | |||
Gross Amount, Total | 497 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 2008 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Talladega, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 88 | |||
Initial Cost to Building & Improvements | 273 | |||
Gross Amount, Land & Improvements | 88 | |||
Gross Amount, Building & Improvements | 273 | |||
Gross Amount, Total | 361 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1999 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Enterprise, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 166 | |||
Initial Cost to Building & Improvements | 380 | |||
Gross Amount, Land & Improvements | 166 | |||
Gross Amount, Building & Improvements | 380 | |||
Gross Amount, Total | 546 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1974 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Childersburg, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 195 | |||
Initial Cost to Building & Improvements | 302 | |||
Gross Amount, Land & Improvements | 195 | |||
Gross Amount, Building & Improvements | 302 | |||
Gross Amount, Total | 497 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1989 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Valley, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 185 | |||
Initial Cost to Building & Improvements | 302 | |||
Gross Amount, Land & Improvements | 185 | |||
Gross Amount, Building & Improvements | 302 | |||
Gross Amount, Total | 487 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 2004 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Selma, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 175 | |||
Initial Cost to Building & Improvements | 409 | |||
Gross Amount, Land & Improvements | 175 | |||
Gross Amount, Building & Improvements | 409 | |||
Gross Amount, Total | 584 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 1996 | |||
Date Acquired | Dec. 19, 2017 | |||
Restaurants - Quick Service | Jasper, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 226 | |||
Initial Cost to Building & Improvements | 931 | |||
Gross Amount, Land & Improvements | 226 | |||
Gross Amount, Building & Improvements | 931 | |||
Gross Amount, Total | 1,157 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1998 | |||
Date Acquired | Dec. 22, 2017 | |||
Restaurants - Quick Service | Saginaw, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 528 | |||
Initial Cost to Building & Improvements | 1,086 | |||
Gross Amount, Land & Improvements | 528 | |||
Gross Amount, Building & Improvements | 1,086 | |||
Gross Amount, Total | 1,614 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 2012 | |||
Date Acquired | Jan. 4, 2018 | |||
Restaurants - Quick Service | Grand Rapids, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 299 | |||
Initial Cost to Building & Improvements | 1,205 | |||
Gross Amount, Land & Improvements | 299 | |||
Gross Amount, Building & Improvements | 1,205 | |||
Gross Amount, Total | 1,504 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 2016 | |||
Date Acquired | Jan. 4, 2018 | |||
Restaurants - Quick Service | Grand Rapids, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 349 | |||
Initial Cost to Building & Improvements | 1,166 | |||
Gross Amount, Land & Improvements | 349 | |||
Gross Amount, Building & Improvements | 1,166 | |||
Gross Amount, Total | 1,515 | |||
Accumulated Depreciation | $ 70 | |||
Year Constructed | 2013 | |||
Date Acquired | Jan. 4, 2018 | |||
Restaurants - Quick Service | Jonesboro, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,213 | |||
Initial Cost to Building & Improvements | 1,108 | |||
Gross Amount, Land & Improvements | 1,213 | |||
Gross Amount, Building & Improvements | 1,108 | |||
Gross Amount, Total | 2,321 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 2006 | |||
Date Acquired | Sep. 30, 2019 | |||
Restaurants - Quick Service | El Dorado, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 661 | |||
Initial Cost to Building & Improvements | 1,448 | |||
Gross Amount, Land & Improvements | 661 | |||
Gross Amount, Building & Improvements | 1,448 | |||
Gross Amount, Total | 2,109 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 2017 | |||
Date Acquired | Feb. 14, 2019 | |||
Restaurants - Quick Service | Brownsville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 297 | |||
Initial Cost to Building & Improvements | 1,024 | |||
Gross Amount, Land & Improvements | 297 | |||
Gross Amount, Building & Improvements | 1,024 | |||
Gross Amount, Total | 1,321 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 1990 | |||
Date Acquired | Jul. 18, 2018 | |||
Restaurants - Quick Service | Fort Oglethorpe, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,283 | |||
Initial Cost to Building & Improvements | 1,045 | |||
Gross Amount, Land & Improvements | 1,283 | |||
Gross Amount, Building & Improvements | 1,045 | |||
Gross Amount, Total | 2,328 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 2001 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Ringgold, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 387 | |||
Initial Cost to Building & Improvements | 1,406 | |||
Gross Amount, Land & Improvements | 387 | |||
Gross Amount, Building & Improvements | 1,406 | |||
Gross Amount, Total | 1,793 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2015 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Chattanooga, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 438 | |||
Initial Cost to Building & Improvements | 1,061 | |||
Gross Amount, Land & Improvements | 438 | |||
Gross Amount, Building & Improvements | 1,061 | |||
Gross Amount, Total | 1,499 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 2009 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Chattanooga, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 876 | |||
Initial Cost to Building & Improvements | 1,255 | |||
Gross Amount, Land & Improvements | 876 | |||
Gross Amount, Building & Improvements | 1,255 | |||
Gross Amount, Total | 2,131 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 2004 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Chattanooga, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,497 | |||
Initial Cost to Building & Improvements | 1,161 | |||
Gross Amount, Land & Improvements | 1,497 | |||
Gross Amount, Building & Improvements | 1,161 | |||
Gross Amount, Total | 2,658 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 2012 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Dayton, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 468 | |||
Initial Cost to Building & Improvements | 1,283 | |||
Gross Amount, Land & Improvements | 468 | |||
Gross Amount, Building & Improvements | 1,283 | |||
Gross Amount, Total | 1,751 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 2016 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Ooltewah, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,079 | |||
Initial Cost to Building & Improvements | 1,262 | |||
Gross Amount, Land & Improvements | 1,079 | |||
Gross Amount, Building & Improvements | 1,262 | |||
Gross Amount, Total | 2,341 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 2003 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Soddy Daisy, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 825 | |||
Initial Cost to Building & Improvements | 992 | |||
Gross Amount, Land & Improvements | 825 | |||
Gross Amount, Building & Improvements | 992 | |||
Gross Amount, Total | 1,817 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 2006 | |||
Date Acquired | Aug. 8, 2018 | |||
Restaurants - Quick Service | Blytheville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 785 | |||
Initial Cost to Building & Improvements | 736 | |||
Gross Amount, Land & Improvements | 785 | |||
Gross Amount, Building & Improvements | 736 | |||
Gross Amount, Total | 1,521 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 2007 | |||
Date Acquired | Aug. 22, 2018 | |||
Restaurants - Quick Service | Paragould, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 744 | |||
Initial Cost to Building & Improvements | 784 | |||
Gross Amount, Land & Improvements | 744 | |||
Gross Amount, Building & Improvements | 784 | |||
Gross Amount, Total | 1,528 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 2008 | |||
Date Acquired | Aug. 22, 2018 | |||
Restaurants - Quick Service | Van Buren, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 642 | |||
Initial Cost to Building & Improvements | 946 | |||
Gross Amount, Land & Improvements | 642 | |||
Gross Amount, Building & Improvements | 946 | |||
Gross Amount, Total | 1,588 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 2008 | |||
Date Acquired | Aug. 22, 2018 | |||
Restaurants - Quick Service | San Angelo, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 161 | |||
Initial Cost to Building & Improvements | 806 | |||
Gross Amount, Land & Improvements | 161 | |||
Gross Amount, Building & Improvements | 806 | |||
Gross Amount, Total | 967 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1978 | |||
Date Acquired | Sep. 12, 2018 | |||
Restaurants - Quick Service | Marion, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 459 | |||
Initial Cost to Building & Improvements | 920 | |||
Gross Amount, Land & Improvements | 459 | |||
Gross Amount, Building & Improvements | 920 | |||
Gross Amount, Total | 1,379 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 2007 | |||
Date Acquired | Sep. 21, 2018 | |||
Restaurants - Quick Service | Montrose, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 698 | |||
Initial Cost to Building & Improvements | 1,036 | |||
Gross Amount, Land & Improvements | 698 | |||
Gross Amount, Building & Improvements | 1,036 | |||
Gross Amount, Total | 1,734 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 2000 | |||
Date Acquired | Sep. 25, 2018 | |||
Restaurants - Quick Service | Fairbanks, AK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 438 | |||
Initial Cost to Building & Improvements | 1,524 | |||
Gross Amount, Land & Improvements | 438 | |||
Gross Amount, Building & Improvements | 1,524 | |||
Gross Amount, Total | 1,962 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1971 | |||
Date Acquired | Sep. 27, 2018 | |||
Restaurants - Quick Service | Fairbanks, AK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 687 | |||
Initial Cost to Building & Improvements | 1,633 | |||
Gross Amount, Land & Improvements | 687 | |||
Gross Amount, Building & Improvements | 1,633 | |||
Gross Amount, Total | 2,320 | |||
Accumulated Depreciation | $ 75 | |||
Year Constructed | 2006 | |||
Date Acquired | Sep. 27, 2018 | |||
Restaurants - Quick Service | Andalusia, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 384 | |||
Initial Cost to Building & Improvements | 727 | |||
Gross Amount, Land & Improvements | 384 | |||
Gross Amount, Building & Improvements | 727 | |||
Gross Amount, Total | 1,111 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1988 | |||
Date Acquired | Sep. 28, 2018 | |||
Restaurants - Quick Service | North Richland Hills, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 875 | |||
Initial Cost to Building & Improvements | 1,113 | |||
Gross Amount, Land & Improvements | 875 | |||
Gross Amount, Building & Improvements | 1,113 | |||
Gross Amount, Total | 1,988 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 2017 | |||
Date Acquired | Sep. 28, 2018 | |||
Restaurants - Quick Service | St. Augustine, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 917 | |||
Initial Cost to Building & Improvements | 1,964 | |||
Gross Amount, Land & Improvements | 917 | |||
Gross Amount, Building & Improvements | 1,964 | |||
Gross Amount, Total | 2,881 | |||
Accumulated Depreciation | $ 81 | |||
Year Constructed | 2010 | |||
Date Acquired | Sep. 28, 2018 | |||
Restaurants - Quick Service | Hot Springs, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 240 | |||
Initial Cost to Building & Improvements | 899 | |||
Gross Amount, Land & Improvements | 240 | |||
Gross Amount, Building & Improvements | 899 | |||
Gross Amount, Total | 1,139 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1979 | |||
Date Acquired | Oct. 4, 2018 | |||
Restaurants - Quick Service | Countryside, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 727 | |||
Initial Cost to Building & Improvements | 1,302 | |||
Gross Amount, Land & Improvements | 727 | |||
Gross Amount, Building & Improvements | 1,302 | |||
Gross Amount, Total | 2,029 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 2013 | |||
Date Acquired | Oct. 26, 2018 | |||
Restaurants - Quick Service | Pembroke, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 577 | |||
Initial Cost to Building & Improvements | 898 | |||
Gross Amount, Land & Improvements | 577 | |||
Gross Amount, Building & Improvements | 898 | |||
Gross Amount, Total | 1,475 | |||
Accumulated Depreciation | $ 47 | |||
Year Constructed | 2017 | |||
Date Acquired | Nov. 28, 2018 | |||
Restaurants - Quick Service | Percival, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 578 | |||
Initial Cost to Building & Improvements | 1,252 | |||
Gross Amount, Land & Improvements | 578 | |||
Gross Amount, Building & Improvements | 1,252 | |||
Gross Amount, Total | 1,830 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 2004 | |||
Date Acquired | Feb. 15, 2019 | |||
Restaurants - Quick Service | Leesville, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 140 | |||
Initial Cost to Building & Improvements | 812 | |||
Gross Amount, Land & Improvements | 140 | |||
Gross Amount, Building & Improvements | 812 | |||
Gross Amount, Total | 952 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 1983 | |||
Date Acquired | Jan. 10, 2019 | |||
Restaurants - Quick Service | Griffin, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 923 | |||
Initial Cost to Building & Improvements | 1,103 | |||
Gross Amount, Land & Improvements | 923 | |||
Gross Amount, Building & Improvements | 1,103 | |||
Gross Amount, Total | 2,026 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 1983 | |||
Date Acquired | Jan. 10, 2019 | |||
Restaurants - Quick Service | Ruston, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 544 | |||
Initial Cost to Building & Improvements | 1,399 | |||
Gross Amount, Land & Improvements | 544 | |||
Gross Amount, Building & Improvements | 1,399 | |||
Gross Amount, Total | 1,943 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 2016 | |||
Date Acquired | Feb. 14, 2019 | |||
Restaurants - Quick Service | Woodstock, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 435 | |||
Initial Cost to Building & Improvements | 932 | |||
Gross Amount, Land & Improvements | 435 | |||
Gross Amount, Building & Improvements | 932 | |||
Gross Amount, Total | 1,367 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1990 | |||
Date Acquired | Apr. 5, 2019 | |||
Restaurants - Quick Service | Commerce, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 435 | |||
Initial Cost to Building & Improvements | 851 | |||
Gross Amount, Land & Improvements | 435 | |||
Gross Amount, Building & Improvements | 851 | |||
Gross Amount, Total | 1,286 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1990 | |||
Date Acquired | Apr. 5, 2019 | |||
Restaurants - Quick Service | Albion, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 600 | |||
Initial Cost to Building & Improvements | 1,089 | |||
Gross Amount, Land & Improvements | 600 | |||
Gross Amount, Building & Improvements | 1,089 | |||
Gross Amount, Total | 1,689 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1968 | |||
Date Acquired | Jun. 12, 2019 | |||
Restaurants - Quick Service | Sisseton, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 70 | |||
Initial Cost to Building & Improvements | 259 | |||
Gross Amount, Land & Improvements | 70 | |||
Gross Amount, Building & Improvements | 259 | |||
Gross Amount, Total | 329 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 28, 2019 | |||
Restaurants - Quick Service | Knoxville, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 199 | |||
Initial Cost to Building & Improvements | 528 | |||
Gross Amount, Land & Improvements | 199 | |||
Gross Amount, Building & Improvements | 528 | |||
Gross Amount, Total | 727 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1972 | |||
Date Acquired | Jun. 28, 2019 | |||
Restaurants - Quick Service | Centerville, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 259 | |||
Initial Cost to Building & Improvements | 538 | |||
Gross Amount, Land & Improvements | 259 | |||
Gross Amount, Building & Improvements | 538 | |||
Gross Amount, Total | 797 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 28, 2019 | |||
Restaurants - Quick Service | Conway, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 528 | |||
Initial Cost to Building & Improvements | 1,045 | |||
Gross Amount, Land & Improvements | 528 | |||
Gross Amount, Building & Improvements | 1,045 | |||
Gross Amount, Total | 1,573 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 2009 | |||
Date Acquired | Jul. 31, 2019 | |||
Restaurants - Quick Service | Owosso, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 693 | |||
Initial Cost to Building & Improvements | 732 | |||
Gross Amount, Land & Improvements | 693 | |||
Gross Amount, Building & Improvements | 732 | |||
Gross Amount, Total | 1,425 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1998 | |||
Date Acquired | Aug. 15, 2019 | |||
Restaurants - Quick Service | Stevensville, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 655 | |||
Initial Cost to Building & Improvements | 712 | |||
Gross Amount, Land & Improvements | 655 | |||
Gross Amount, Building & Improvements | 712 | |||
Gross Amount, Total | 1,367 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1978 | |||
Date Acquired | Aug. 15, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 1981 | |||
Restaurants - Quick Service | Cloverdale, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 226 | |||
Initial Cost to Building & Improvements | 288 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 341 | |||
Gross Amount, Land & Improvements | 226 | |||
Gross Amount, Building & Improvements | 629 | |||
Gross Amount, Total | 855 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1996 | |||
Date Acquired | Sep. 3, 2019 | |||
Restaurants - Quick Service | Wynne, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 665 | |||
Initial Cost to Building & Improvements | 931 | |||
Gross Amount, Land & Improvements | 665 | |||
Gross Amount, Building & Improvements | 931 | |||
Gross Amount, Total | $ 1,596 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Port Huron, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 784 | |||
Initial Cost to Building & Improvements | 746 | |||
Gross Amount, Land & Improvements | 784 | |||
Gross Amount, Building & Improvements | 746 | |||
Gross Amount, Total | 1,530 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1973 | |||
Date Acquired | Sep. 5, 2019 | |||
Restaurants - Quick Service | Cedar Springs, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 671 | |||
Initial Cost to Building & Improvements | 1,369 | |||
Gross Amount, Land & Improvements | 671 | |||
Gross Amount, Building & Improvements | 1,369 | |||
Gross Amount, Total | 2,040 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 2000 | |||
Date Acquired | Sep. 5, 2019 | |||
Restaurants - Quick Service | Louisville, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 155 | |||
Initial Cost to Building & Improvements | 680 | |||
Gross Amount, Land & Improvements | 155 | |||
Gross Amount, Building & Improvements | 680 | |||
Gross Amount, Total | 835 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2018 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Macon, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 330 | |||
Initial Cost to Building & Improvements | 340 | |||
Gross Amount, Land & Improvements | 330 | |||
Gross Amount, Building & Improvements | 340 | |||
Gross Amount, Total | 670 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1992 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Ruleville, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 196 | |||
Initial Cost to Building & Improvements | 422 | |||
Gross Amount, Land & Improvements | 196 | |||
Gross Amount, Building & Improvements | 422 | |||
Gross Amount, Total | 618 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 2017 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Quitman, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 309 | |||
Initial Cost to Building & Improvements | 237 | |||
Gross Amount, Land & Improvements | 309 | |||
Gross Amount, Building & Improvements | 237 | |||
Gross Amount, Total | 546 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1978 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Philadelphia, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 330 | |||
Initial Cost to Building & Improvements | 371 | |||
Gross Amount, Land & Improvements | 330 | |||
Gross Amount, Building & Improvements | 371 | |||
Gross Amount, Total | 701 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2003 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Prentiss, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 350 | |||
Initial Cost to Building & Improvements | 350 | |||
Gross Amount, Land & Improvements | 350 | |||
Gross Amount, Building & Improvements | 350 | |||
Gross Amount, Total | 700 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 1978 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Aston, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 440 | |||
Initial Cost to Building & Improvements | 522 | |||
Gross Amount, Land & Improvements | 440 | |||
Gross Amount, Building & Improvements | 522 | |||
Gross Amount, Total | 962 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1963 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Essex, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 338 | |||
Initial Cost to Building & Improvements | 624 | |||
Gross Amount, Land & Improvements | 338 | |||
Gross Amount, Building & Improvements | 624 | |||
Gross Amount, Total | 962 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 2002 | |||
Date Acquired | Sep. 13, 2019 | |||
Restaurants - Quick Service | Cabot, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 479 | |||
Initial Cost to Building & Improvements | 1,189 | |||
Gross Amount, Land & Improvements | 479 | |||
Gross Amount, Building & Improvements | 1,189 | |||
Gross Amount, Total | 1,668 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 2008 | |||
Date Acquired | Jul. 31, 2019 | |||
Restaurants - Quick Service | Searcy, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 359 | |||
Initial Cost to Building & Improvements | 1,150 | |||
Gross Amount, Land & Improvements | 359 | |||
Gross Amount, Building & Improvements | 1,150 | |||
Gross Amount, Total | 1,509 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 2008 | |||
Date Acquired | Jul. 31, 2019 | |||
Restaurants - Quick Service | Columbia City, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 312 | |||
Initial Cost to Building & Improvements | 171 | |||
Gross Amount, Land & Improvements | 312 | |||
Gross Amount, Building & Improvements | 171 | |||
Gross Amount, Total | $ 483 | |||
Year Constructed | 1973 | |||
Date Acquired | Dec. 17, 2019 | |||
Restaurants - Quick Service | Odessa, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 601 | |||
Initial Cost to Building & Improvements | 1,353 | |||
Gross Amount, Land & Improvements | 601 | |||
Gross Amount, Building & Improvements | 1,353 | |||
Gross Amount, Total | 1,954 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 2019 | |||
Date Acquired | Nov. 21, 2019 | |||
Restaurants - Quick Service | Odessa, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,031 | |||
Initial Cost to Building & Improvements | 1,353 | |||
Gross Amount, Land & Improvements | 1,031 | |||
Gross Amount, Building & Improvements | 1,353 | |||
Gross Amount, Total | 2,384 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 2019 | |||
Date Acquired | Nov. 21, 2019 | |||
Restaurants - Quick Service | Hazlehurst, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 522 | |||
Initial Cost to Building & Improvements | 1,269 | |||
Gross Amount, Land & Improvements | 522 | |||
Gross Amount, Building & Improvements | 1,269 | |||
Gross Amount, Total | $ 1,791 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Vicksburg, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 553 | |||
Initial Cost to Building & Improvements | 1,238 | |||
Gross Amount, Land & Improvements | 553 | |||
Gross Amount, Building & Improvements | 1,238 | |||
Gross Amount, Total | $ 1,791 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Blytheville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 849 | |||
Initial Cost to Building & Improvements | 1,126 | |||
Gross Amount, Land & Improvements | 849 | |||
Gross Amount, Building & Improvements | 1,126 | |||
Gross Amount, Total | $ 1,975 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Salem, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 532 | |||
Initial Cost to Building & Improvements | 1,013 | |||
Gross Amount, Land & Improvements | 532 | |||
Gross Amount, Building & Improvements | 1,013 | |||
Gross Amount, Total | $ 1,545 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Ashland City, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 614 | |||
Initial Cost to Building & Improvements | 1,044 | |||
Gross Amount, Land & Improvements | 614 | |||
Gross Amount, Building & Improvements | 1,044 | |||
Gross Amount, Total | $ 1,658 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Shelbyville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 911 | |||
Initial Cost to Building & Improvements | 972 | |||
Gross Amount, Land & Improvements | 911 | |||
Gross Amount, Building & Improvements | 972 | |||
Gross Amount, Total | $ 1,883 | |||
Year Constructed | 2018 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Whiteland, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 389 | |||
Initial Cost to Building & Improvements | 839 | |||
Gross Amount, Land & Improvements | 389 | |||
Gross Amount, Building & Improvements | 839 | |||
Gross Amount, Total | $ 1,228 | |||
Year Constructed | 2003 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Bloomington, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 225 | |||
Initial Cost to Building & Improvements | 665 | |||
Gross Amount, Land & Improvements | 225 | |||
Gross Amount, Building & Improvements | 665 | |||
Gross Amount, Total | $ 890 | |||
Year Constructed | 2018 | |||
Date Acquired | Dec. 23, 2019 | |||
Restaurants - Quick Service | Somerset, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 798 | |||
Initial Cost to Building & Improvements | 1,105 | |||
Gross Amount, Land & Improvements | 798 | |||
Gross Amount, Building & Improvements | 1,105 | |||
Gross Amount, Total | $ 1,903 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 23, 2019 | |||
Restaurants - Quick Service | North Manchester, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 363 | |||
Initial Cost to Building & Improvements | 272 | |||
Gross Amount, Land & Improvements | 363 | |||
Gross Amount, Building & Improvements | 272 | |||
Gross Amount, Total | $ 635 | |||
Year Constructed | 1987 | |||
Date Acquired | Dec. 17, 2019 | |||
Restaurants - Quick Service | Winona, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 522 | |||
Initial Cost to Building & Improvements | 1,126 | |||
Gross Amount, Land & Improvements | 522 | |||
Gross Amount, Building & Improvements | 1,126 | |||
Gross Amount, Total | $ 1,648 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 19, 2019 | |||
Restaurants - Quick Service | Lewisburg, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 461 | |||
Initial Cost to Building & Improvements | 676 | |||
Gross Amount, Land & Improvements | 461 | |||
Gross Amount, Building & Improvements | 676 | |||
Gross Amount, Total | 1,137 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 2016 | |||
Date Acquired | Nov. 18, 2019 | |||
Other Services | Nashville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 332 | |||
Initial Cost to Building & Improvements | 106 | |||
Gross Amount, Land & Improvements | 332 | |||
Gross Amount, Building & Improvements | 106 | |||
Gross Amount, Total | 438 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Other Services | Landrum, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 214 | |||
Initial Cost to Building & Improvements | 87 | |||
Gross Amount, Land & Improvements | 214 | |||
Gross Amount, Building & Improvements | 87 | |||
Gross Amount, Total | 301 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Other Services | Conyers, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,821 | |||
Initial Cost to Building & Improvements | 6,235 | |||
Gross Amount, Land & Improvements | 1,821 | |||
Gross Amount, Building & Improvements | 6,235 | |||
Gross Amount, Total | 8,056 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 30, 2019 | |||
Other Services | Covington, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 849 | |||
Initial Cost to Building & Improvements | 3,309 | |||
Gross Amount, Land & Improvements | 849 | |||
Gross Amount, Building & Improvements | 3,309 | |||
Gross Amount, Total | 4,158 | |||
Accumulated Depreciation | $ 173 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Sanford, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,498 | |||
Initial Cost to Building & Improvements | 1,859 | |||
Gross Amount, Land & Improvements | 1,498 | |||
Gross Amount, Building & Improvements | 1,859 | |||
Gross Amount, Total | 3,357 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1964 | |||
Date Acquired | Nov. 27, 2019 | |||
Other Services | Little Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,492 | |||
Initial Cost to Building & Improvements | 1,037 | |||
Gross Amount, Land & Improvements | 1,492 | |||
Gross Amount, Building & Improvements | 1,037 | |||
Gross Amount, Total | 2,529 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 1982 | |||
Date Acquired | Sep. 30, 2019 | |||
Other Services | Anniston, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 312 | |||
Initial Cost to Building & Improvements | 176 | |||
Gross Amount, Land & Improvements | 312 | |||
Gross Amount, Building & Improvements | 176 | |||
Gross Amount, Total | 488 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1992 | |||
Date Acquired | Sep. 16, 2016 | |||
Other Services | Bluff City, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 146 | |||
Initial Cost to Building & Improvements | 1,347 | |||
Gross Amount, Land & Improvements | 146 | |||
Gross Amount, Building & Improvements | 1,347 | |||
Gross Amount, Total | 1,493 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1949 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Erwin, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 713 | |||
Initial Cost to Building & Improvements | 1,484 | |||
Gross Amount, Land & Improvements | 713 | |||
Gross Amount, Building & Improvements | 1,484 | |||
Gross Amount, Total | 2,197 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1981 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Sparta, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 713 | |||
Initial Cost to Building & Improvements | 1,942 | |||
Gross Amount, Land & Improvements | 713 | |||
Gross Amount, Building & Improvements | 1,942 | |||
Gross Amount, Total | 2,655 | |||
Accumulated Depreciation | $ 111 | |||
Year Constructed | 1973 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Kingsport, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,220 | |||
Initial Cost to Building & Improvements | 3,143 | |||
Gross Amount, Land & Improvements | 1,220 | |||
Gross Amount, Building & Improvements | 3,143 | |||
Gross Amount, Total | 4,363 | |||
Accumulated Depreciation | $ 185 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Cleveland, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 673 | |||
Initial Cost to Building & Improvements | 1,083 | |||
Gross Amount, Land & Improvements | 673 | |||
Gross Amount, Building & Improvements | 1,083 | |||
Gross Amount, Total | 1,756 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Cleveland, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 615 | |||
Initial Cost to Building & Improvements | 2,938 | |||
Gross Amount, Land & Improvements | 615 | |||
Gross Amount, Building & Improvements | 2,938 | |||
Gross Amount, Total | 3,553 | |||
Accumulated Depreciation | $ 128 | |||
Year Constructed | 1964 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Castlewood, VA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,259 | |||
Initial Cost to Building & Improvements | 1,786 | |||
Gross Amount, Land & Improvements | 1,259 | |||
Gross Amount, Building & Improvements | 1,786 | |||
Gross Amount, Total | 3,045 | |||
Accumulated Depreciation | $ 111 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Harlem, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 703 | |||
Initial Cost to Building & Improvements | 1,610 | |||
Gross Amount, Land & Improvements | 703 | |||
Gross Amount, Building & Improvements | 1,610 | |||
Gross Amount, Total | 2,313 | |||
Accumulated Depreciation | $ 84 | |||
Year Constructed | 1895 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | London, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 937 | |||
Initial Cost to Building & Improvements | 2,391 | |||
Gross Amount, Land & Improvements | 937 | |||
Gross Amount, Building & Improvements | 2,391 | |||
Gross Amount, Total | 3,328 | |||
Accumulated Depreciation | $ 135 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Elizabethton, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 254 | |||
Initial Cost to Building & Improvements | 517 | |||
Gross Amount, Land & Improvements | 254 | |||
Gross Amount, Building & Improvements | 517 | |||
Gross Amount, Total | 771 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 2010 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Elizabethton, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 488 | |||
Initial Cost to Building & Improvements | 849 | |||
Gross Amount, Land & Improvements | 488 | |||
Gross Amount, Building & Improvements | 849 | |||
Gross Amount, Total | 1,337 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | Mountain City, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 78 | |||
Initial Cost to Building & Improvements | 176 | |||
Gross Amount, Land & Improvements | 78 | |||
Gross Amount, Building & Improvements | 176 | |||
Gross Amount, Total | 254 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1936 | |||
Date Acquired | Jun. 1, 2018 | |||
Other Services | LaVergne, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,790 | |||
Initial Cost to Building & Improvements | 2,302 | |||
Gross Amount, Land & Improvements | 2,790 | |||
Gross Amount, Building & Improvements | 2,302 | |||
Gross Amount, Total | 5,092 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 2018 | |||
Date Acquired | Sep. 30, 2019 | |||
Other Services | Seattle, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,905 | |||
Initial Cost to Building & Improvements | 3,287 | |||
Gross Amount, Land & Improvements | 2,905 | |||
Gross Amount, Building & Improvements | 3,287 | |||
Gross Amount, Total | 6,192 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1959 | |||
Date Acquired | Sep. 30, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 1974 | |||
Year Constructed | 1977 | |||
Other Services | Salt Lake City, UT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,731 | |||
Initial Cost to Building & Improvements | 3,542 | |||
Gross Amount, Land & Improvements | 1,731 | |||
Gross Amount, Building & Improvements | 3,542 | |||
Gross Amount, Total | 5,273 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1973 | |||
Date Acquired | Nov. 27, 2019 | |||
Family Dining Restaurants | Palatine, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 926 | |||
Initial Cost to Building & Improvements | 354 | |||
Gross Amount, Land & Improvements | 926 | |||
Gross Amount, Building & Improvements | 354 | |||
Gross Amount, Total | 1,280 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | La Grange, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 446 | |||
Initial Cost to Building & Improvements | 851 | |||
Gross Amount, Land & Improvements | 446 | |||
Gross Amount, Building & Improvements | 851 | |||
Gross Amount, Total | 1,297 | |||
Accumulated Depreciation | $ 97 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Jacksonville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,086 | |||
Initial Cost to Building & Improvements | 957 | |||
Gross Amount, Land & Improvements | 1,086 | |||
Gross Amount, Building & Improvements | 957 | |||
Gross Amount, Total | 2,043 | |||
Accumulated Depreciation | $ 163 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Virginia Beach, VA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 90 | |||
Initial Cost to Building & Improvements | 192 | |||
Gross Amount, Land & Improvements | 90 | |||
Gross Amount, Building & Improvements | 192 | |||
Gross Amount, Total | 282 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Plano, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 207 | |||
Initial Cost to Building & Improvements | 424 | |||
Gross Amount, Land & Improvements | 207 | |||
Gross Amount, Building & Improvements | 424 | |||
Gross Amount, Total | 631 | |||
Accumulated Depreciation | $ 173 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Coon Rapids, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 635 | |||
Initial Cost to Building & Improvements | 856 | |||
Gross Amount, Land & Improvements | 635 | |||
Gross Amount, Building & Improvements | 856 | |||
Gross Amount, Total | 1,491 | |||
Accumulated Depreciation | $ 112 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Mankato, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 700 | |||
Initial Cost to Building & Improvements | 585 | |||
Gross Amount, Land & Improvements | 700 | |||
Gross Amount, Building & Improvements | 585 | |||
Gross Amount, Total | 1,285 | |||
Accumulated Depreciation | $ 97 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Merrillville, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 797 | |||
Initial Cost to Building & Improvements | 322 | |||
Gross Amount, Land & Improvements | 797 | |||
Gross Amount, Building & Improvements | 322 | |||
Gross Amount, Total | 1,119 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Blaine, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 609 | |||
Initial Cost to Building & Improvements | 780 | |||
Gross Amount, Land & Improvements | 609 | |||
Gross Amount, Building & Improvements | 780 | |||
Gross Amount, Total | 1,389 | |||
Accumulated Depreciation | $ 102 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Green Bay, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 549 | |||
Initial Cost to Building & Improvements | 373 | |||
Gross Amount, Land & Improvements | 549 | |||
Gross Amount, Building & Improvements | 373 | |||
Gross Amount, Total | 922 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Appleton, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 441 | |||
Initial Cost to Building & Improvements | 590 | |||
Gross Amount, Land & Improvements | 441 | |||
Gross Amount, Building & Improvements | 590 | |||
Gross Amount, Total | 1,031 | |||
Accumulated Depreciation | $ 87 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Waterloo, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 466 | |||
Initial Cost to Building & Improvements | 391 | |||
Gross Amount, Land & Improvements | 466 | |||
Gross Amount, Building & Improvements | 391 | |||
Gross Amount, Total | 857 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | St. Joseph, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 559 | |||
Initial Cost to Building & Improvements | 371 | |||
Gross Amount, Land & Improvements | 559 | |||
Gross Amount, Building & Improvements | 371 | |||
Gross Amount, Total | 930 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Gladstone, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 479 | |||
Initial Cost to Building & Improvements | 783 | |||
Gross Amount, Land & Improvements | 479 | |||
Gross Amount, Building & Improvements | 783 | |||
Gross Amount, Total | 1,262 | |||
Accumulated Depreciation | $ 99 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Brainerd, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 761 | |||
Initial Cost to Building & Improvements | 547 | |||
Gross Amount, Land & Improvements | 761 | |||
Gross Amount, Building & Improvements | 547 | |||
Gross Amount, Total | 1,308 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Cedar Rapids, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 804 | |||
Initial Cost to Building & Improvements | 563 | |||
Gross Amount, Land & Improvements | 804 | |||
Gross Amount, Building & Improvements | 563 | |||
Gross Amount, Total | 1,367 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Brooklyn Park, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 725 | |||
Initial Cost to Building & Improvements | 693 | |||
Gross Amount, Land & Improvements | 725 | |||
Gross Amount, Building & Improvements | 693 | |||
Gross Amount, Total | 1,418 | |||
Accumulated Depreciation | $ 102 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Albert Lea, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 337 | |||
Initial Cost to Building & Improvements | 463 | |||
Gross Amount, Land & Improvements | 337 | |||
Gross Amount, Building & Improvements | 463 | |||
Gross Amount, Total | 800 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Crystal, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 821 | |||
Initial Cost to Building & Improvements | 178 | |||
Gross Amount, Land & Improvements | 821 | |||
Gross Amount, Building & Improvements | 178 | |||
Gross Amount, Total | 999 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Salem, NH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 131 | |||
Initial Cost to Building & Improvements | 232 | |||
Gross Amount, Land & Improvements | 131 | |||
Gross Amount, Building & Improvements | 232 | |||
Gross Amount, Total | 363 | |||
Accumulated Depreciation | $ 103 | |||
Year Constructed | 1998 | |||
Date Acquired | Sep. 16, 2016 | |||
Family Dining Restaurants | Leesburg, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 808 | |||
Initial Cost to Building & Improvements | 720 | |||
Gross Amount, Land & Improvements | 808 | |||
Gross Amount, Building & Improvements | 720 | |||
Gross Amount, Total | 1,528 | |||
Accumulated Depreciation | $ 130 | |||
Year Constructed | 2007 | |||
Date Acquired | Jun. 16, 2016 | |||
Family Dining Restaurants | Augusta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 825 | |||
Initial Cost to Building & Improvements | 894 | |||
Gross Amount, Land & Improvements | 825 | |||
Gross Amount, Building & Improvements | 894 | |||
Gross Amount, Total | 1,719 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 1968 | |||
Date Acquired | Sep. 25, 2018 | |||
Family Dining Restaurants | Pittsburgh, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 465 | |||
Initial Cost to Building & Improvements | 792 | |||
Gross Amount, Land & Improvements | 465 | |||
Gross Amount, Building & Improvements | 792 | |||
Gross Amount, Total | 1,257 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 2016 | |||
Date Acquired | Mar. 29, 2018 | |||
Family Dining Restaurants | Macon, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 648 | |||
Initial Cost to Building & Improvements | 992 | |||
Gross Amount, Land & Improvements | 648 | |||
Gross Amount, Building & Improvements | 992 | |||
Gross Amount, Total | 1,640 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1983 | |||
Date Acquired | Sep. 25, 2018 | |||
Family Dining Restaurants | Macon, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 923 | |||
Initial Cost to Building & Improvements | 972 | |||
Gross Amount, Land & Improvements | 923 | |||
Gross Amount, Building & Improvements | 972 | |||
Gross Amount, Total | 1,895 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1972 | |||
Date Acquired | Sep. 25, 2018 | |||
Family Dining Restaurants | Kelso, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 804 | |||
Initial Cost to Building & Improvements | 1,846 | |||
Gross Amount, Land & Improvements | 804 | |||
Gross Amount, Building & Improvements | 1,846 | |||
Gross Amount, Total | 2,650 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 1982 | |||
Date Acquired | Jun. 27, 2019 | |||
Family Dining Restaurants | Port Orchard, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 983 | |||
Initial Cost to Building & Improvements | 2,015 | |||
Gross Amount, Land & Improvements | 983 | |||
Gross Amount, Building & Improvements | 2,015 | |||
Gross Amount, Total | 2,998 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 27, 2019 | |||
Family Dining Restaurants | Milwaukee, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,526 | |||
Initial Cost to Building & Improvements | 2,365 | |||
Gross Amount, Land & Improvements | 1,526 | |||
Gross Amount, Building & Improvements | 2,365 | |||
Gross Amount, Total | 3,891 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 2018 | |||
Date Acquired | Jun. 28, 2019 | |||
Family Dining Restaurants | Cheyenne, WY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 739 | |||
Initial Cost to Building & Improvements | 1,569 | |||
Gross Amount, Land & Improvements | 739 | |||
Gross Amount, Building & Improvements | 1,569 | |||
Gross Amount, Total | 2,308 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 1982 | |||
Date Acquired | Sep. 27, 2019 | |||
Restaurants Casual Dining | Corpus Christi, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,160 | |||
Gross Amount, Land & Improvements | 1,160 | |||
Gross Amount, Total | $ 1,160 | |||
Year Constructed | 2015 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Centennial, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,593 | |||
Initial Cost to Building & Improvements | 3,400 | |||
Gross Amount, Land & Improvements | 1,593 | |||
Gross Amount, Building & Improvements | 3,400 | |||
Gross Amount, Total | 4,993 | |||
Accumulated Depreciation | $ 333 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Thomasville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 903 | |||
Initial Cost to Building & Improvements | 233 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 600 | |||
Gross Amount, Land & Improvements | 903 | |||
Gross Amount, Building & Improvements | 833 | |||
Gross Amount, Total | 1,736 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Grapevine, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,385 | |||
Initial Cost to Building & Improvements | 977 | |||
Gross Amount, Land & Improvements | 1,385 | |||
Gross Amount, Building & Improvements | 977 | |||
Gross Amount, Total | 2,362 | |||
Accumulated Depreciation | $ 130 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Omaha, NE | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 465 | |||
Initial Cost to Building & Improvements | 1,184 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (203) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (498) | |||
Gross Amount, Land & Improvements | 262 | |||
Gross Amount, Building & Improvements | 686 | |||
Gross Amount, Total | 948 | |||
Accumulated Depreciation | $ 126 | |||
Year Constructed | 1979 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | West Monroe, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 343 | |||
Initial Cost to Building & Improvements | 94 | |||
Gross Amount, Land & Improvements | 343 | |||
Gross Amount, Building & Improvements | 94 | |||
Gross Amount, Total | 437 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Desoto, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 728 | |||
Initial Cost to Building & Improvements | 156 | |||
Gross Amount, Land & Improvements | 728 | |||
Gross Amount, Building & Improvements | 156 | |||
Gross Amount, Total | 884 | |||
Accumulated Depreciation | $ 29 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Columbia, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 785 | |||
Initial Cost to Building & Improvements | 500 | |||
Gross Amount, Land & Improvements | 785 | |||
Gross Amount, Building & Improvements | 500 | |||
Gross Amount, Total | 1,285 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 2003 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Valdosta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 626 | |||
Initial Cost to Building & Improvements | 957 | |||
Gross Amount, Land & Improvements | 626 | |||
Gross Amount, Building & Improvements | 957 | |||
Gross Amount, Total | 1,583 | |||
Accumulated Depreciation | $ 122 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Fond du Lac, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 521 | |||
Initial Cost to Building & Improvements | 1,197 | |||
Gross Amount, Land & Improvements | 521 | |||
Gross Amount, Building & Improvements | 1,197 | |||
Gross Amount, Total | 1,718 | |||
Accumulated Depreciation | $ 107 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Alexandria, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 837 | |||
Initial Cost to Building & Improvements | 889 | |||
Gross Amount, Land & Improvements | 837 | |||
Gross Amount, Building & Improvements | 889 | |||
Gross Amount, Total | 1,726 | |||
Accumulated Depreciation | $ 147 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | North Fort Myers, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,060 | |||
Initial Cost to Building & Improvements | 1,817 | |||
Gross Amount, Land & Improvements | 1,060 | |||
Gross Amount, Building & Improvements | 1,817 | |||
Gross Amount, Total | 2,877 | |||
Accumulated Depreciation | $ 203 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Port Charlotte, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,021 | |||
Initial Cost to Building & Improvements | 850 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (95) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (79) | |||
Gross Amount, Land & Improvements | 926 | |||
Gross Amount, Building & Improvements | 771 | |||
Gross Amount, Total | 1,697 | |||
Accumulated Depreciation | $ 105 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Cape Coral, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 741 | |||
Initial Cost to Building & Improvements | 1,692 | |||
Gross Amount, Land & Improvements | 741 | |||
Gross Amount, Building & Improvements | 1,692 | |||
Gross Amount, Total | 2,433 | |||
Accumulated Depreciation | $ 195 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Panama City Beach, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 750 | |||
Initial Cost to Building & Improvements | 959 | |||
Gross Amount, Land & Improvements | 750 | |||
Gross Amount, Building & Improvements | 959 | |||
Gross Amount, Total | 1,709 | |||
Accumulated Depreciation | $ 122 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Dothan, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 577 | |||
Initial Cost to Building & Improvements | 1,144 | |||
Gross Amount, Land & Improvements | 577 | |||
Gross Amount, Building & Improvements | 1,144 | |||
Gross Amount, Total | 1,721 | |||
Accumulated Depreciation | $ 136 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Albany, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 731 | |||
Initial Cost to Building & Improvements | 1,249 | |||
Gross Amount, Land & Improvements | 731 | |||
Gross Amount, Building & Improvements | 1,249 | |||
Gross Amount, Total | 1,980 | |||
Accumulated Depreciation | $ 143 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Fleming Island, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 586 | |||
Initial Cost to Building & Improvements | 355 | |||
Gross Amount, Land & Improvements | 586 | |||
Gross Amount, Building & Improvements | 355 | |||
Gross Amount, Total | 941 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Panama City, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 539 | |||
Initial Cost to Building & Improvements | 1,389 | |||
Gross Amount, Land & Improvements | 539 | |||
Gross Amount, Building & Improvements | 1,389 | |||
Gross Amount, Total | 1,928 | |||
Accumulated Depreciation | $ 148 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Port St. Lucie, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 930 | |||
Initial Cost to Building & Improvements | 1,510 | |||
Gross Amount, Land & Improvements | 930 | |||
Gross Amount, Building & Improvements | 1,510 | |||
Gross Amount, Total | 2,440 | |||
Accumulated Depreciation | $ 189 | |||
Year Constructed | 1988 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Gainesville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 193 | |||
Initial Cost to Building & Improvements | 1,930 | |||
Gross Amount, Land & Improvements | 193 | |||
Gross Amount, Building & Improvements | 1,930 | |||
Gross Amount, Total | 2,123 | |||
Accumulated Depreciation | $ 187 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Panama City, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 673 | |||
Initial Cost to Building & Improvements | 1,044 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 50 | |||
Gross Amount, Land & Improvements | 723 | |||
Gross Amount, Building & Improvements | 1,044 | |||
Gross Amount, Total | 1,767 | |||
Accumulated Depreciation | $ 165 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Waycross, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 861 | |||
Initial Cost to Building & Improvements | 1,700 | |||
Gross Amount, Land & Improvements | 861 | |||
Gross Amount, Building & Improvements | 1,700 | |||
Gross Amount, Total | 2,561 | |||
Accumulated Depreciation | $ 196 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Kingsland, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 602 | |||
Initial Cost to Building & Improvements | 1,256 | |||
Gross Amount, Land & Improvements | 602 | |||
Gross Amount, Building & Improvements | 1,256 | |||
Gross Amount, Total | 1,858 | |||
Accumulated Depreciation | $ 155 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Thomasville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 943 | |||
Initial Cost to Building & Improvements | 580 | |||
Gross Amount, Land & Improvements | 943 | |||
Gross Amount, Building & Improvements | 580 | |||
Gross Amount, Total | 1,523 | |||
Accumulated Depreciation | $ 96 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Jacksonville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 821 | |||
Initial Cost to Building & Improvements | 1,215 | |||
Gross Amount, Land & Improvements | 821 | |||
Gross Amount, Building & Improvements | 1,215 | |||
Gross Amount, Total | 2,036 | |||
Accumulated Depreciation | $ 165 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 16, 2016 | |||
Restaurants Casual Dining | Gardendale, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 589 | |||
Initial Cost to Building & Improvements | 1,984 | |||
Gross Amount, Land & Improvements | 589 | |||
Gross Amount, Building & Improvements | 1,984 | |||
Gross Amount, Total | 2,573 | |||
Accumulated Depreciation | $ 187 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 29, 2016 | |||
Restaurants Casual Dining | Jasper, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 468 | |||
Initial Cost to Building & Improvements | 2,144 | |||
Gross Amount, Land & Improvements | 468 | |||
Gross Amount, Building & Improvements | 2,144 | |||
Gross Amount, Total | 2,612 | |||
Accumulated Depreciation | $ 190 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 29, 2016 | |||
Restaurants Casual Dining | Homewood, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 808 | |||
Initial Cost to Building & Improvements | 1,233 | |||
Gross Amount, Land & Improvements | 808 | |||
Gross Amount, Building & Improvements | 1,233 | |||
Gross Amount, Total | 2,041 | |||
Accumulated Depreciation | $ 125 | |||
Year Constructed | 1976 | |||
Date Acquired | Dec. 29, 2016 | |||
Restaurants Casual Dining | Bossier City, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 976 | |||
Initial Cost to Building & Improvements | 2,347 | |||
Gross Amount, Land & Improvements | 976 | |||
Gross Amount, Building & Improvements | 2,347 | |||
Gross Amount, Total | 3,323 | |||
Accumulated Depreciation | $ 163 | |||
Year Constructed | 1993 | |||
Date Acquired | Dec. 15, 2017 | |||
Restaurants Casual Dining | Clarksville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 861 | |||
Initial Cost to Building & Improvements | 736 | |||
Gross Amount, Land & Improvements | 861 | |||
Gross Amount, Building & Improvements | 736 | |||
Gross Amount, Total | 1,597 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 2003 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Augusta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,663 | |||
Initial Cost to Building & Improvements | 1,909 | |||
Gross Amount, Land & Improvements | 1,663 | |||
Gross Amount, Building & Improvements | 1,909 | |||
Gross Amount, Total | 3,572 | |||
Accumulated Depreciation | $ 126 | |||
Year Constructed | 1982 | |||
Date Acquired | Dec. 15, 2017 | |||
Restaurants Casual Dining | Linthicum, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,691 | |||
Initial Cost to Building & Improvements | 1,124 | |||
Gross Amount, Land & Improvements | 1,691 | |||
Gross Amount, Building & Improvements | 1,124 | |||
Gross Amount, Total | 2,815 | |||
Accumulated Depreciation | $ 98 | |||
Year Constructed | 2004 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | East Point, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,153 | |||
Initial Cost to Building & Improvements | 831 | |||
Gross Amount, Land & Improvements | 1,153 | |||
Gross Amount, Building & Improvements | 831 | |||
Gross Amount, Total | 1,984 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2003 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Pocomoke City, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 653 | |||
Initial Cost to Building & Improvements | 849 | |||
Gross Amount, Land & Improvements | 653 | |||
Gross Amount, Building & Improvements | 849 | |||
Gross Amount, Total | 1,502 | |||
Accumulated Depreciation | $ 82 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | D'Iberville, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 927 | |||
Initial Cost to Building & Improvements | 623 | |||
Gross Amount, Land & Improvements | 927 | |||
Gross Amount, Building & Improvements | 623 | |||
Gross Amount, Total | 1,550 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 2004 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Scranton, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 785 | |||
Initial Cost to Building & Improvements | 755 | |||
Gross Amount, Land & Improvements | 785 | |||
Gross Amount, Building & Improvements | 755 | |||
Gross Amount, Total | 1,540 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1995 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Alexander City, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 511 | |||
Initial Cost to Building & Improvements | 802 | |||
Gross Amount, Land & Improvements | 511 | |||
Gross Amount, Building & Improvements | 802 | |||
Gross Amount, Total | 1,313 | |||
Accumulated Depreciation | $ 62 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Palm City, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 672 | |||
Initial Cost to Building & Improvements | 727 | |||
Gross Amount, Land & Improvements | 672 | |||
Gross Amount, Building & Improvements | 727 | |||
Gross Amount, Total | 1,399 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 2003 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | St Robert, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 644 | |||
Initial Cost to Building & Improvements | 755 | |||
Gross Amount, Land & Improvements | 644 | |||
Gross Amount, Building & Improvements | 755 | |||
Gross Amount, Total | 1,399 | |||
Accumulated Depreciation | $ 54 | |||
Year Constructed | 2001 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Saginaw, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 335 | |||
Initial Cost to Building & Improvements | 294 | |||
Gross Amount, Land & Improvements | 335 | |||
Gross Amount, Building & Improvements | 294 | |||
Gross Amount, Total | 629 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 1967 | |||
Date Acquired | Jan. 2, 2019 | |||
Restaurants Casual Dining | Jasper, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 766 | |||
Initial Cost to Building & Improvements | 292 | |||
Gross Amount, Land & Improvements | 766 | |||
Gross Amount, Building & Improvements | 292 | |||
Gross Amount, Total | 1,058 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1998 | |||
Date Acquired | Dec. 21, 2017 | |||
Restaurants Casual Dining | Davenport, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 57 | |||
Initial Cost to Building & Improvements | 479 | |||
Gross Amount, Land & Improvements | 57 | |||
Gross Amount, Building & Improvements | 479 | |||
Gross Amount, Total | 536 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1955 | |||
Date Acquired | Feb. 8, 2018 | |||
Restaurants Casual Dining | Bettendorf, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 402 | |||
Initial Cost to Building & Improvements | 1,050 | |||
Gross Amount, Land & Improvements | 402 | |||
Gross Amount, Building & Improvements | 1,050 | |||
Gross Amount, Total | 1,452 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1975 | |||
Date Acquired | Feb. 8, 2018 | |||
Restaurants Casual Dining | Kewanee, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 115 | |||
Initial Cost to Building & Improvements | 432 | |||
Gross Amount, Land & Improvements | 115 | |||
Gross Amount, Building & Improvements | 432 | |||
Gross Amount, Total | 547 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1993 | |||
Date Acquired | Feb. 8, 2018 | |||
Restaurants Casual Dining | Davenport, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 459 | |||
Initial Cost to Building & Improvements | 1,304 | |||
Gross Amount, Land & Improvements | 459 | |||
Gross Amount, Building & Improvements | 1,304 | |||
Gross Amount, Total | 1,763 | |||
Accumulated Depreciation | $ 77 | |||
Year Constructed | 1990 | |||
Date Acquired | Feb. 8, 2018 | |||
Restaurants Casual Dining | Davenport, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 153 | |||
Initial Cost to Building & Improvements | 1,268 | |||
Gross Amount, Land & Improvements | 153 | |||
Gross Amount, Building & Improvements | 1,268 | |||
Gross Amount, Total | 1,421 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 1952 | |||
Date Acquired | Feb. 8, 2018 | |||
Restaurants Casual Dining | Flint, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 619 | |||
Initial Cost to Building & Improvements | 274 | |||
Gross Amount, Land & Improvements | 619 | |||
Gross Amount, Building & Improvements | 274 | |||
Gross Amount, Total | 893 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1975 | |||
Date Acquired | Jan. 2, 2019 | |||
Restaurants Casual Dining | Wilder, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 317 | |||
Initial Cost to Building & Improvements | 1,169 | |||
Gross Amount, Land & Improvements | 317 | |||
Gross Amount, Building & Improvements | 1,169 | |||
Gross Amount, Total | 1,486 | |||
Accumulated Depreciation | $ 29 | |||
Year Constructed | 2010 | |||
Date Acquired | Feb. 28, 2019 | |||
Restaurants Casual Dining | Wooster, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 955 | |||
Initial Cost to Building & Improvements | 1,720 | |||
Gross Amount, Land & Improvements | 955 | |||
Gross Amount, Building & Improvements | 1,720 | |||
Gross Amount, Total | 2,675 | |||
Accumulated Depreciation | $ 29 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 26, 2019 | |||
Restaurants Casual Dining | Warren, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 983 | |||
Initial Cost to Building & Improvements | 1,685 | |||
Gross Amount, Land & Improvements | 983 | |||
Gross Amount, Building & Improvements | 1,685 | |||
Gross Amount, Total | 2,668 | |||
Accumulated Depreciation | $ 39 | |||
Year Constructed | 1969 | |||
Date Acquired | Jun. 7, 2019 | |||
Restaurants Casual Dining | Detroit, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 572 | |||
Initial Cost to Building & Improvements | 923 | |||
Gross Amount, Land & Improvements | 572 | |||
Gross Amount, Building & Improvements | 923 | |||
Gross Amount, Total | 1,495 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1948 | |||
Date Acquired | Jun. 7, 2019 | |||
Restaurants Casual Dining | Dearborn, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 702 | |||
Initial Cost to Building & Improvements | 2,397 | |||
Gross Amount, Land & Improvements | 702 | |||
Gross Amount, Building & Improvements | 2,397 | |||
Gross Amount, Total | 3,099 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 7, 2019 | |||
Restaurants Casual Dining | Farmington Hills, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 883 | |||
Initial Cost to Building & Improvements | 2,337 | |||
Gross Amount, Land & Improvements | 883 | |||
Gross Amount, Building & Improvements | 2,337 | |||
Gross Amount, Total | 3,220 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1964 | |||
Date Acquired | Jun. 7, 2019 | |||
Restaurants Casual Dining | Livonia, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 943 | |||
Initial Cost to Building & Improvements | 1,725 | |||
Gross Amount, Land & Improvements | 943 | |||
Gross Amount, Building & Improvements | 1,725 | |||
Gross Amount, Total | 2,668 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1974 | |||
Date Acquired | Jun. 7, 2019 | |||
Restaurants Casual Dining | Danville, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 553 | |||
Initial Cost to Building & Improvements | 1,619 | |||
Gross Amount, Land & Improvements | 553 | |||
Gross Amount, Building & Improvements | 1,619 | |||
Gross Amount, Total | 2,172 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 26, 2019 | |||
Restaurants Casual Dining | New Philadelphia, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,116 | |||
Initial Cost to Building & Improvements | 2,001 | |||
Gross Amount, Land & Improvements | 1,116 | |||
Gross Amount, Building & Improvements | 2,001 | |||
Gross Amount, Total | 3,117 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 26, 2019 | |||
Restaurants Casual Dining | Bristol, VA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,136 | |||
Initial Cost to Building & Improvements | 1,991 | |||
Gross Amount, Land & Improvements | 1,136 | |||
Gross Amount, Building & Improvements | 1,991 | |||
Gross Amount, Total | 3,127 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 2005 | |||
Date Acquired | Jun. 26, 2019 | |||
Restaurants Casual Dining | Cadillac, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 41 | |||
Initial Cost to Building & Improvements | 1,627 | |||
Gross Amount, Land & Improvements | 41 | |||
Gross Amount, Building & Improvements | 1,627 | |||
Gross Amount, Total | 1,668 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1906 | |||
Date Acquired | Jun. 27, 2019 | |||
Restaurants Casual Dining | Alden, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 102 | |||
Initial Cost to Building & Improvements | 671 | |||
Gross Amount, Land & Improvements | 102 | |||
Gross Amount, Building & Improvements | 671 | |||
Gross Amount, Total | 773 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1952 | |||
Date Acquired | Jun. 27, 2019 | |||
Restaurants Casual Dining | West Chester, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 878 | |||
Initial Cost to Building & Improvements | 1,088 | |||
Gross Amount, Land & Improvements | 878 | |||
Gross Amount, Building & Improvements | 1,088 | |||
Gross Amount, Total | 1,966 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 2004 | |||
Date Acquired | Sep. 30, 2019 | |||
Automotive Service | Grapevine, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,244 | |||
Initial Cost to Building & Improvements | 1,396 | |||
Gross Amount, Land & Improvements | 1,244 | |||
Gross Amount, Building & Improvements | 1,396 | |||
Gross Amount, Total | 2,640 | |||
Accumulated Depreciation | $ 139 | |||
Year Constructed | 2001 | |||
Date Acquired | Mar. 8, 2017 | |||
Automotive Service | Pontiac, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 445 | |||
Initial Cost to Building & Improvements | 1,077 | |||
Gross Amount, Land & Improvements | 445 | |||
Gross Amount, Building & Improvements | 1,077 | |||
Gross Amount, Total | 1,522 | |||
Accumulated Depreciation | $ 54 | |||
Year Constructed | 1978 | |||
Date Acquired | Sep. 7, 2018 | |||
Automotive Service | Troy, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 794 | |||
Initial Cost to Building & Improvements | 1,389 | |||
Gross Amount, Land & Improvements | 794 | |||
Gross Amount, Building & Improvements | 1,389 | |||
Gross Amount, Total | 2,183 | |||
Accumulated Depreciation | $ 107 | |||
Year Constructed | 1974 | |||
Date Acquired | Aug. 29, 2017 | |||
Automotive Service | Sour Lake, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 657 | |||
Initial Cost to Building & Improvements | 997 | |||
Gross Amount, Land & Improvements | 657 | |||
Gross Amount, Building & Improvements | 997 | |||
Gross Amount, Total | 1,654 | |||
Accumulated Depreciation | $ 93 | |||
Year Constructed | 2002 | |||
Date Acquired | Mar. 8, 2017 | |||
Automotive Service | Burnsville, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 734 | |||
Initial Cost to Building & Improvements | 309 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 180 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 6 | |||
Gross Amount, Land & Improvements | 914 | |||
Gross Amount, Building & Improvements | 315 | |||
Gross Amount, Total | 1,229 | |||
Accumulated Depreciation | $ 61 | |||
Year Constructed | 1973 | |||
Date Acquired | Jun. 16, 2016 | |||
Automotive Service | Forest Park, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 498 | |||
Initial Cost to Building & Improvements | 850 | |||
Gross Amount, Land & Improvements | 498 | |||
Gross Amount, Building & Improvements | 850 | |||
Gross Amount, Total | 1,348 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1992 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Smyrna, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 689 | |||
Initial Cost to Building & Improvements | 470 | |||
Gross Amount, Land & Improvements | 689 | |||
Gross Amount, Building & Improvements | 470 | |||
Gross Amount, Total | 1,159 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1997 | |||
Date Acquired | Sep. 25, 2017 | |||
Automotive Service | Montgomery, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 318 | |||
Initial Cost to Building & Improvements | 246 | |||
Gross Amount, Land & Improvements | 318 | |||
Gross Amount, Building & Improvements | 246 | |||
Gross Amount, Total | 564 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1991 | |||
Date Acquired | Oct. 1, 2019 | |||
Automotive Service | Valdosta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 215 | |||
Initial Cost to Building & Improvements | 274 | |||
Gross Amount, Land & Improvements | 215 | |||
Gross Amount, Building & Improvements | 274 | |||
Gross Amount, Total | 489 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1996 | |||
Date Acquired | Oct. 1, 2019 | |||
Automotive Service | Fayetteville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 347 | |||
Initial Cost to Building & Improvements | 746 | |||
Gross Amount, Land & Improvements | 347 | |||
Gross Amount, Building & Improvements | 746 | |||
Gross Amount, Total | 1,093 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 2006 | |||
Date Acquired | Dec. 13, 2019 | |||
Automotive Service | Albany, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 410 | |||
Initial Cost to Building & Improvements | 421 | |||
Gross Amount, Land & Improvements | 410 | |||
Gross Amount, Building & Improvements | 421 | |||
Gross Amount, Total | 831 | |||
Accumulated Depreciation | $ 4 | |||
Year Constructed | 1994 | |||
Date Acquired | Oct. 1, 2019 | |||
Automotive Service | Spring, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 805 | |||
Initial Cost to Building & Improvements | 1,577 | |||
Gross Amount, Land & Improvements | 805 | |||
Gross Amount, Building & Improvements | 1,577 | |||
Gross Amount, Total | 2,382 | |||
Accumulated Depreciation | $ 181 | |||
Year Constructed | 2013 | |||
Date Acquired | Aug. 4, 2016 | |||
Automotive Service | Frisco, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,279 | |||
Initial Cost to Building & Improvements | 1,314 | |||
Gross Amount, Land & Improvements | 1,279 | |||
Gross Amount, Building & Improvements | 1,314 | |||
Gross Amount, Total | 2,593 | |||
Accumulated Depreciation | $ 131 | |||
Year Constructed | 2003 | |||
Date Acquired | Mar. 8, 2017 | |||
Automotive Service | Lackawanna, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 231 | |||
Initial Cost to Building & Improvements | 232 | |||
Gross Amount, Land & Improvements | 231 | |||
Gross Amount, Building & Improvements | 232 | |||
Gross Amount, Total | 463 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1987 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Cheektowaga, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 367 | |||
Initial Cost to Building & Improvements | 509 | |||
Gross Amount, Land & Improvements | 367 | |||
Gross Amount, Building & Improvements | 509 | |||
Gross Amount, Total | 876 | |||
Accumulated Depreciation | $ 54 | |||
Year Constructed | 1978 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Amherst, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 410 | |||
Initial Cost to Building & Improvements | 606 | |||
Gross Amount, Land & Improvements | 410 | |||
Gross Amount, Building & Improvements | 606 | |||
Gross Amount, Total | 1,016 | |||
Accumulated Depreciation | $ 64 | |||
Year Constructed | 1998 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Niagara Falls, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 615 | |||
Initial Cost to Building & Improvements | 1,025 | |||
Gross Amount, Land & Improvements | 615 | |||
Gross Amount, Building & Improvements | 1,025 | |||
Gross Amount, Total | 1,640 | |||
Accumulated Depreciation | $ 109 | |||
Year Constructed | 1985 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Williamsville, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 419 | |||
Initial Cost to Building & Improvements | 1,302 | |||
Gross Amount, Land & Improvements | 419 | |||
Gross Amount, Building & Improvements | 1,302 | |||
Gross Amount, Total | 1,721 | |||
Accumulated Depreciation | $ 138 | |||
Year Constructed | 1988 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Dunkirk, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 255 | |||
Initial Cost to Building & Improvements | 187 | |||
Gross Amount, Land & Improvements | 255 | |||
Gross Amount, Building & Improvements | 187 | |||
Gross Amount, Total | 442 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1980 | |||
Date Acquired | Oct. 28, 2016 | |||
Automotive Service | Prosper, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,161 | |||
Initial Cost to Building & Improvements | 2,534 | |||
Gross Amount, Land & Improvements | 1,161 | |||
Gross Amount, Building & Improvements | 2,534 | |||
Gross Amount, Total | 3,695 | |||
Accumulated Depreciation | $ 224 | |||
Year Constructed | 2010 | |||
Date Acquired | Mar. 8, 2017 | |||
Automotive Service | Lakeway, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 774 | |||
Initial Cost to Building & Improvements | 1,678 | |||
Gross Amount, Land & Improvements | 774 | |||
Gross Amount, Building & Improvements | 1,678 | |||
Gross Amount, Total | 2,452 | |||
Accumulated Depreciation | $ 145 | |||
Year Constructed | 1998 | |||
Date Acquired | Mar. 8, 2017 | |||
Automotive Service | New Freedom, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 904 | |||
Initial Cost to Building & Improvements | 872 | |||
Gross Amount, Land & Improvements | 904 | |||
Gross Amount, Building & Improvements | 872 | |||
Gross Amount, Total | 1,776 | |||
Accumulated Depreciation | $ 89 | |||
Year Constructed | 1997 | |||
Date Acquired | Mar. 28, 2017 | |||
Automotive Service | Gambrills, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,461 | |||
Initial Cost to Building & Improvements | 6,139 | |||
Gross Amount, Land & Improvements | 2,461 | |||
Gross Amount, Building & Improvements | 6,139 | |||
Gross Amount, Total | 8,600 | |||
Accumulated Depreciation | $ 466 | |||
Year Constructed | 2009 | |||
Date Acquired | Mar. 28, 2017 | |||
Automotive Service | Knoxville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 518 | |||
Initial Cost to Building & Improvements | 695 | |||
Gross Amount, Land & Improvements | 518 | |||
Gross Amount, Building & Improvements | 695 | |||
Gross Amount, Total | 1,213 | |||
Accumulated Depreciation | $ 72 | |||
Year Constructed | 2008 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Martinez, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 612 | |||
Initial Cost to Building & Improvements | 570 | |||
Gross Amount, Land & Improvements | 612 | |||
Gross Amount, Building & Improvements | 570 | |||
Gross Amount, Total | 1,182 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 1992 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Clarksville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 498 | |||
Initial Cost to Building & Improvements | 633 | |||
Gross Amount, Land & Improvements | 498 | |||
Gross Amount, Building & Improvements | 633 | |||
Gross Amount, Total | 1,131 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1998 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Ocala, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 518 | |||
Initial Cost to Building & Improvements | 715 | |||
Gross Amount, Land & Improvements | 518 | |||
Gross Amount, Building & Improvements | 715 | |||
Gross Amount, Total | 1,233 | |||
Accumulated Depreciation | $ 75 | |||
Year Constructed | 1989 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Orlando, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 456 | |||
Initial Cost to Building & Improvements | 664 | |||
Gross Amount, Land & Improvements | 456 | |||
Gross Amount, Building & Improvements | 664 | |||
Gross Amount, Total | 1,120 | |||
Accumulated Depreciation | $ 62 | |||
Year Constructed | 1989 | |||
Date Acquired | Jul. 21, 2017 | |||
Automotive Service | Garden City, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 366 | |||
Initial Cost to Building & Improvements | 961 | |||
Gross Amount, Land & Improvements | 366 | |||
Gross Amount, Building & Improvements | 961 | |||
Gross Amount, Total | 1,327 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 1984 | |||
Date Acquired | Aug. 29, 2017 | |||
Automotive Service | Burton, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 188 | |||
Initial Cost to Building & Improvements | 1,180 | |||
Gross Amount, Land & Improvements | 188 | |||
Gross Amount, Building & Improvements | 1,180 | |||
Gross Amount, Total | 1,368 | |||
Accumulated Depreciation | $ 83 | |||
Year Constructed | 1955 | |||
Date Acquired | Aug. 29, 2017 | |||
Automotive Service | Memphis, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 417 | |||
Initial Cost to Building & Improvements | 1,294 | |||
Gross Amount, Land & Improvements | 417 | |||
Gross Amount, Building & Improvements | 1,294 | |||
Gross Amount, Total | 1,711 | |||
Accumulated Depreciation | $ 87 | |||
Year Constructed | 1985 | |||
Date Acquired | Sep. 25, 2017 | |||
Automotive Service | Longwood, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 887 | |||
Initial Cost to Building & Improvements | 1,263 | |||
Gross Amount, Land & Improvements | 887 | |||
Gross Amount, Building & Improvements | 1,263 | |||
Gross Amount, Total | 2,150 | |||
Accumulated Depreciation | $ 113 | |||
Year Constructed | 2000 | |||
Date Acquired | Sep. 25, 2017 | |||
Automotive Service | Magnolia, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,402 | |||
Initial Cost to Building & Improvements | 2,480 | |||
Gross Amount, Land & Improvements | 1,402 | |||
Gross Amount, Building & Improvements | 2,480 | |||
Gross Amount, Total | 3,882 | |||
Accumulated Depreciation | $ 215 | |||
Year Constructed | 2017 | |||
Date Acquired | Sep. 29, 2017 | |||
Automotive Service | Spring, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 721 | |||
Initial Cost to Building & Improvements | 932 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 300 | |||
Gross Amount, Land & Improvements | 721 | |||
Gross Amount, Building & Improvements | 1,232 | |||
Gross Amount, Total | 1,953 | |||
Accumulated Depreciation | $ 107 | |||
Year Constructed | 2017 | |||
Date Acquired | Dec. 27, 2017 | |||
Automotive Service | Roseville, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 489 | |||
Initial Cost to Building & Improvements | 1,602 | |||
Gross Amount, Land & Improvements | 489 | |||
Gross Amount, Building & Improvements | 1,602 | |||
Gross Amount, Total | 2,091 | |||
Accumulated Depreciation | $ 91 | |||
Year Constructed | 1971 | |||
Date Acquired | Feb. 16, 2018 | |||
Automotive Service | Woodbury, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 978 | |||
Initial Cost to Building & Improvements | 2,049 | |||
Gross Amount, Land & Improvements | 978 | |||
Gross Amount, Building & Improvements | 2,049 | |||
Gross Amount, Total | 3,027 | |||
Accumulated Depreciation | $ 121 | |||
Year Constructed | 2000 | |||
Date Acquired | Feb. 16, 2018 | |||
Automotive Service | Elk River, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 433 | |||
Initial Cost to Building & Improvements | 898 | |||
Gross Amount, Land & Improvements | 433 | |||
Gross Amount, Building & Improvements | 898 | |||
Gross Amount, Total | 1,331 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1996 | |||
Date Acquired | Mar. 29, 2018 | |||
Automotive Service | Apex, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 229 | |||
Initial Cost to Building & Improvements | 428 | |||
Gross Amount, Land & Improvements | 229 | |||
Gross Amount, Building & Improvements | 428 | |||
Gross Amount, Total | 657 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 2000 | |||
Date Acquired | May 1, 2018 | |||
Automotive Service | Holly Springs, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 308 | |||
Initial Cost to Building & Improvements | 1,283 | |||
Gross Amount, Land & Improvements | 308 | |||
Gross Amount, Building & Improvements | 1,283 | |||
Gross Amount, Total | 1,591 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 2003 | |||
Date Acquired | May 1, 2018 | |||
Automotive Service | Fuquay Varina, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 487 | |||
Initial Cost to Building & Improvements | 318 | |||
Gross Amount, Land & Improvements | 487 | |||
Gross Amount, Building & Improvements | 318 | |||
Gross Amount, Total | 805 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 2008 | |||
Date Acquired | May 1, 2018 | |||
Automotive Service | North Canton, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 481 | |||
Initial Cost to Building & Improvements | 982 | |||
Gross Amount, Land & Improvements | 481 | |||
Gross Amount, Building & Improvements | 982 | |||
Gross Amount, Total | 1,463 | |||
Accumulated Depreciation | $ 52 | |||
Year Constructed | 1960 | |||
Date Acquired | May 17, 2018 | |||
Automotive Service | Clinton Township, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,179 | |||
Initial Cost to Building & Improvements | 688 | |||
Gross Amount, Land & Improvements | 1,179 | |||
Gross Amount, Building & Improvements | 688 | |||
Gross Amount, Total | 1,867 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 1983 | |||
Date Acquired | May 17, 2018 | |||
Automotive Service | Baltimore, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 206 | |||
Initial Cost to Building & Improvements | 1,709 | |||
Gross Amount, Land & Improvements | 206 | |||
Gross Amount, Building & Improvements | 1,709 | |||
Gross Amount, Total | 1,915 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 1952 | |||
Date Acquired | May 17, 2018 | |||
Automotive Service | St. Augusta, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 518 | |||
Initial Cost to Building & Improvements | 1,057 | |||
Gross Amount, Land & Improvements | 518 | |||
Gross Amount, Building & Improvements | 1,057 | |||
Gross Amount, Total | 1,575 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1991 | |||
Date Acquired | Mar. 13, 2019 | |||
Automotive Service | Oklahoma City, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 152 | |||
Initial Cost to Building & Improvements | 596 | |||
Gross Amount, Land & Improvements | 152 | |||
Gross Amount, Building & Improvements | 596 | |||
Gross Amount, Total | 748 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1980 | |||
Date Acquired | Aug. 9, 2018 | |||
Automotive Service | Midwest City, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 253 | |||
Initial Cost to Building & Improvements | 495 | |||
Gross Amount, Land & Improvements | 253 | |||
Gross Amount, Building & Improvements | 495 | |||
Gross Amount, Total | 748 | |||
Accumulated Depreciation | $ 29 | |||
Year Constructed | 1995 | |||
Date Acquired | Aug. 9, 2018 | |||
Automotive Service | Del City, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 364 | |||
Initial Cost to Building & Improvements | 384 | |||
Gross Amount, Land & Improvements | 364 | |||
Gross Amount, Building & Improvements | 384 | |||
Gross Amount, Total | 748 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1985 | |||
Date Acquired | Aug. 9, 2018 | |||
Automotive Service | Midwest City, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 172 | |||
Initial Cost to Building & Improvements | 526 | |||
Gross Amount, Land & Improvements | 172 | |||
Gross Amount, Building & Improvements | 526 | |||
Gross Amount, Total | 698 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1980 | |||
Date Acquired | Aug. 9, 2018 | |||
Automotive Service | Macon, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 154 | |||
Initial Cost to Building & Improvements | 287 | |||
Gross Amount, Land & Improvements | 154 | |||
Gross Amount, Building & Improvements | 287 | |||
Gross Amount, Total | 441 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1989 | |||
Date Acquired | Oct. 1, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2000 | |||
Automotive Service | Bremen, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 221 | |||
Initial Cost to Building & Improvements | 1,284 | |||
Gross Amount, Land & Improvements | 221 | |||
Gross Amount, Building & Improvements | 1,284 | |||
Gross Amount, Total | 1,505 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 1970 | |||
Date Acquired | Sep. 28, 2018 | |||
Automotive Service | Denton, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,278 | |||
Initial Cost to Building & Improvements | 1,582 | |||
Gross Amount, Land & Improvements | 1,278 | |||
Gross Amount, Building & Improvements | 1,582 | |||
Gross Amount, Total | 2,860 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1982 | |||
Date Acquired | Dec. 20, 2018 | |||
Automotive Service | Ft. Lupton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 339 | |||
Initial Cost to Building & Improvements | 309 | |||
Gross Amount, Land & Improvements | 339 | |||
Gross Amount, Building & Improvements | 309 | |||
Gross Amount, Total | 648 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 2006 | |||
Date Acquired | Jan. 7, 2019 | |||
Automotive Service | Brighton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 226 | |||
Initial Cost to Building & Improvements | 1,024 | |||
Gross Amount, Land & Improvements | 226 | |||
Gross Amount, Building & Improvements | 1,024 | |||
Gross Amount, Total | 1,250 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 1994 | |||
Date Acquired | Jan. 7, 2019 | |||
Automotive Service | Longmont, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 390 | |||
Initial Cost to Building & Improvements | 415 | |||
Gross Amount, Land & Improvements | 390 | |||
Gross Amount, Building & Improvements | 415 | |||
Gross Amount, Total | 805 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1985 | |||
Date Acquired | Jan. 7, 2019 | |||
Automotive Service | Garden City, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 134 | |||
Initial Cost to Building & Improvements | 544 | |||
Gross Amount, Land & Improvements | 134 | |||
Gross Amount, Building & Improvements | 544 | |||
Gross Amount, Total | 678 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1984 | |||
Date Acquired | Jan. 7, 2019 | |||
Automotive Service | Brighton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 551 | |||
Initial Cost to Building & Improvements | 569 | |||
Gross Amount, Land & Improvements | 551 | |||
Gross Amount, Building & Improvements | 569 | |||
Gross Amount, Total | 1,120 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 2003 | |||
Date Acquired | Mar. 13, 2019 | |||
Automotive Service | Thornton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 337 | |||
Initial Cost to Building & Improvements | 355 | |||
Gross Amount, Land & Improvements | 337 | |||
Gross Amount, Building & Improvements | 355 | |||
Gross Amount, Total | 692 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 1980 | |||
Date Acquired | Mar. 13, 2019 | |||
Automotive Service | Bainridge, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 339 | |||
Initial Cost to Building & Improvements | 288 | |||
Gross Amount, Land & Improvements | 339 | |||
Gross Amount, Building & Improvements | 288 | |||
Gross Amount, Total | 627 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1999 | |||
Date Acquired | Oct. 1, 2019 | |||
Automotive Service | Hinesville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 298 | |||
Initial Cost to Building & Improvements | 310 | |||
Gross Amount, Land & Improvements | 298 | |||
Gross Amount, Building & Improvements | 310 | |||
Gross Amount, Total | 608 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1998 | |||
Date Acquired | Oct. 1, 2019 | |||
Automotive Service | Perry, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 133 | |||
Initial Cost to Building & Improvements | 447 | |||
Gross Amount, Land & Improvements | 133 | |||
Gross Amount, Building & Improvements | 447 | |||
Gross Amount, Total | 580 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1989 | |||
Date Acquired | Oct. 1, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 1996 | |||
Automotive Service | Pratville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 451 | |||
Initial Cost to Building & Improvements | 636 | |||
Gross Amount, Land & Improvements | 451 | |||
Gross Amount, Building & Improvements | 636 | |||
Gross Amount, Total | 1,087 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1988 | |||
Date Acquired | Oct. 1, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2003 | |||
Automotive Service | Crystal Lake, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 265 | |||
Initial Cost to Building & Improvements | 1,103 | |||
Gross Amount, Land & Improvements | 265 | |||
Gross Amount, Building & Improvements | 1,103 | |||
Gross Amount, Total | $ 1,368 | |||
Year Constructed | 1974 | |||
Date Acquired | Dec. 20, 2019 | |||
Medical / Dental | Brownsville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,626 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 982 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 7,743 | |||
Gross Amount, Land & Improvements | 2,608 | |||
Gross Amount, Building & Improvements | 7,743 | |||
Gross Amount, Total | 10,351 | |||
Accumulated Depreciation | $ 324 | |||
Year Constructed | 2018 | |||
Date Acquired | May 5, 2017 | |||
Medical / Dental | Plano, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 376 | |||
Initial Cost to Building & Improvements | 1,698 | |||
Gross Amount, Land & Improvements | 376 | |||
Gross Amount, Building & Improvements | 1,698 | |||
Gross Amount, Total | $ 2,074 | |||
Year Constructed | 1998 | |||
Date Acquired | Dec. 31, 2019 | |||
Medical / Dental | Huntsville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 277 | |||
Initial Cost to Building & Improvements | 503 | |||
Gross Amount, Land & Improvements | 277 | |||
Gross Amount, Building & Improvements | 503 | |||
Gross Amount, Total | 780 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 2003 | |||
Date Acquired | Jun. 13, 2019 | |||
Medical / Dental | Columbia, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 211 | |||
Initial Cost to Building & Improvements | 426 | |||
Gross Amount, Land & Improvements | 211 | |||
Gross Amount, Building & Improvements | 426 | |||
Gross Amount, Total | 637 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1986 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Conyers, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 393 | |||
Initial Cost to Building & Improvements | 2,078 | |||
Gross Amount, Land & Improvements | 393 | |||
Gross Amount, Building & Improvements | 2,078 | |||
Gross Amount, Total | 2,471 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 1996 | |||
Date Acquired | Dec. 12, 2019 | |||
Medical / Dental | Covington, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 373 | |||
Initial Cost to Building & Improvements | 1,816 | |||
Gross Amount, Land & Improvements | 373 | |||
Gross Amount, Building & Improvements | 1,816 | |||
Gross Amount, Total | 2,189 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 2004 | |||
Date Acquired | Dec. 12, 2019 | |||
Medical / Dental | Prattville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 237 | |||
Initial Cost to Building & Improvements | 857 | |||
Gross Amount, Land & Improvements | 237 | |||
Gross Amount, Building & Improvements | 857 | |||
Gross Amount, Total | 1,094 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 2012 | |||
Date Acquired | Nov. 7, 2018 | |||
Medical / Dental | Montgomery, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 477 | |||
Initial Cost to Building & Improvements | 2,976 | |||
Gross Amount, Land & Improvements | 477 | |||
Gross Amount, Building & Improvements | 2,976 | |||
Gross Amount, Total | 3,453 | |||
Accumulated Depreciation | $ 202 | |||
Year Constructed | 2001 | |||
Date Acquired | Aug. 7, 2017 | |||
Medical / Dental | Little Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 770 | |||
Initial Cost to Building & Improvements | 1,562 | |||
Gross Amount, Land & Improvements | 770 | |||
Gross Amount, Building & Improvements | 1,562 | |||
Gross Amount, Total | 2,332 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 2004 | |||
Date Acquired | Jan. 31, 2019 | |||
Medical / Dental | Hurst,TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,462 | |||
Initial Cost to Building & Improvements | 1,493 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 300 | |||
Gross Amount, Land & Improvements | 1,462 | |||
Gross Amount, Building & Improvements | 1,793 | |||
Gross Amount, Total | 3,255 | |||
Accumulated Depreciation | $ 220 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 16, 2016 | |||
Medical / Dental | Port Charlotte, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,820 | |||
Initial Cost to Building & Improvements | 2,072 | |||
Gross Amount, Land & Improvements | 1,820 | |||
Gross Amount, Building & Improvements | 2,072 | |||
Gross Amount, Total | 3,892 | |||
Accumulated Depreciation | $ 227 | |||
Year Constructed | 2000 | |||
Date Acquired | Oct. 20, 2016 | |||
Medical / Dental | Fort Worth, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 466 | |||
Initial Cost to Building & Improvements | 845 | |||
Gross Amount, Land & Improvements | 466 | |||
Gross Amount, Building & Improvements | 845 | |||
Gross Amount, Total | 1,311 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 1997 | |||
Date Acquired | Nov. 30, 2018 | |||
Medical / Dental | Fort Worth, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,617 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 99 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 4,185 | |||
Gross Amount, Land & Improvements | 1,716 | |||
Gross Amount, Building & Improvements | 4,185 | |||
Gross Amount, Total | 5,901 | |||
Accumulated Depreciation | $ 244 | |||
Year Constructed | 2017 | |||
Date Acquired | Oct. 12, 2016 | |||
Medical / Dental | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 323 | |||
Initial Cost to Building & Improvements | 780 | |||
Gross Amount, Land & Improvements | 323 | |||
Gross Amount, Building & Improvements | 780 | |||
Gross Amount, Total | 1,103 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1967 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Stevenson, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 191 | |||
Initial Cost to Building & Improvements | 466 | |||
Gross Amount, Land & Improvements | 191 | |||
Gross Amount, Building & Improvements | 466 | |||
Gross Amount, Total | 657 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 1990 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Miami, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 485 | |||
Initial Cost to Building & Improvements | 982 | |||
Gross Amount, Land & Improvements | 485 | |||
Gross Amount, Building & Improvements | 982 | |||
Gross Amount, Total | 1,467 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 1981 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Sarasota, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 323 | |||
Initial Cost to Building & Improvements | 557 | |||
Gross Amount, Land & Improvements | 323 | |||
Gross Amount, Building & Improvements | 557 | |||
Gross Amount, Total | 880 | |||
Accumulated Depreciation | $ 52 | |||
Year Constructed | 1973 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Sarasota, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 485 | |||
Initial Cost to Building & Improvements | 446 | |||
Gross Amount, Land & Improvements | 485 | |||
Gross Amount, Building & Improvements | 446 | |||
Gross Amount, Total | 931 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 2001 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Dalton, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 323 | |||
Initial Cost to Building & Improvements | 406 | |||
Gross Amount, Land & Improvements | 323 | |||
Gross Amount, Building & Improvements | 406 | |||
Gross Amount, Total | 729 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 1960 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Alton, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 252 | |||
Initial Cost to Building & Improvements | 568 | |||
Gross Amount, Land & Improvements | 252 | |||
Gross Amount, Building & Improvements | 568 | |||
Gross Amount, Total | 820 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 2001 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Quincy, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 272 | |||
Initial Cost to Building & Improvements | 608 | |||
Gross Amount, Land & Improvements | 272 | |||
Gross Amount, Building & Improvements | 608 | |||
Gross Amount, Total | 880 | |||
Accumulated Depreciation | $ 68 | |||
Year Constructed | 2001 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Clarksville, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 657 | |||
Initial Cost to Building & Improvements | 1,033 | |||
Gross Amount, Land & Improvements | 657 | |||
Gross Amount, Building & Improvements | 1,033 | |||
Gross Amount, Total | 1,690 | |||
Accumulated Depreciation | $ 108 | |||
Year Constructed | 1994 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Terre Haute, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 292 | |||
Initial Cost to Building & Improvements | 325 | |||
Gross Amount, Land & Improvements | 292 | |||
Gross Amount, Building & Improvements | 325 | |||
Gross Amount, Total | 617 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 1998 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Brewster, MA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 60 | |||
Initial Cost to Building & Improvements | 578 | |||
Gross Amount, Land & Improvements | 60 | |||
Gross Amount, Building & Improvements | 578 | |||
Gross Amount, Total | 638 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1986 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Kansas City, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 333 | |||
Initial Cost to Building & Improvements | 568 | |||
Gross Amount, Land & Improvements | 333 | |||
Gross Amount, Building & Improvements | 568 | |||
Gross Amount, Total | 901 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1979 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Laurel, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 100 | |||
Initial Cost to Building & Improvements | 1,033 | |||
Gross Amount, Land & Improvements | 100 | |||
Gross Amount, Building & Improvements | 1,033 | |||
Gross Amount, Total | 1,133 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 1970 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Picayune, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 70 | |||
Initial Cost to Building & Improvements | 517 | |||
Gross Amount, Land & Improvements | 70 | |||
Gross Amount, Building & Improvements | 517 | |||
Gross Amount, Total | 587 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1977 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Rochester, NH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 181 | |||
Initial Cost to Building & Improvements | 426 | |||
Gross Amount, Land & Improvements | 181 | |||
Gross Amount, Building & Improvements | 426 | |||
Gross Amount, Total | 607 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1958 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Canandaigua, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 70 | |||
Initial Cost to Building & Improvements | 527 | |||
Gross Amount, Land & Improvements | 70 | |||
Gross Amount, Building & Improvements | 527 | |||
Gross Amount, Total | 597 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 2009 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Anderson, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 211 | |||
Initial Cost to Building & Improvements | 487 | |||
Gross Amount, Land & Improvements | 211 | |||
Gross Amount, Building & Improvements | 487 | |||
Gross Amount, Total | 698 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1948 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Camden, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 211 | |||
Initial Cost to Building & Improvements | 537 | |||
Gross Amount, Land & Improvements | 211 | |||
Gross Amount, Building & Improvements | 537 | |||
Gross Amount, Total | 748 | |||
Accumulated Depreciation | $ 54 | |||
Year Constructed | 1985 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Austin, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 242 | |||
Initial Cost to Building & Improvements | 375 | |||
Gross Amount, Land & Improvements | 242 | |||
Gross Amount, Building & Improvements | 375 | |||
Gross Amount, Total | 617 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1970 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Richmond, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 495 | |||
Initial Cost to Building & Improvements | 446 | |||
Gross Amount, Land & Improvements | 495 | |||
Gross Amount, Building & Improvements | 446 | |||
Gross Amount, Total | 941 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 1982 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Terrell Hills, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 282 | |||
Initial Cost to Building & Improvements | 588 | |||
Gross Amount, Land & Improvements | 282 | |||
Gross Amount, Building & Improvements | 588 | |||
Gross Amount, Total | 870 | |||
Accumulated Depreciation | $ 52 | |||
Year Constructed | 2002 | |||
Date Acquired | Dec. 30, 2016 | |||
Medical / Dental | Rock Springs, WY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 620 | |||
Initial Cost to Building & Improvements | 2,550 | |||
Gross Amount, Land & Improvements | 620 | |||
Gross Amount, Building & Improvements | 2,550 | |||
Gross Amount, Total | 3,170 | |||
Accumulated Depreciation | $ 222 | |||
Year Constructed | 2001 | |||
Date Acquired | Jan. 17, 2017 | |||
Medical / Dental | Bridgeton, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 199 | |||
Initial Cost to Building & Improvements | 578 | |||
Gross Amount, Land & Improvements | 199 | |||
Gross Amount, Building & Improvements | 578 | |||
Gross Amount, Total | 777 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1982 | |||
Date Acquired | Feb. 9, 2017 | |||
Medical / Dental | Mokena, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 237 | |||
Initial Cost to Building & Improvements | 303 | |||
Gross Amount, Land & Improvements | 237 | |||
Gross Amount, Building & Improvements | 303 | |||
Gross Amount, Total | 540 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 2008 | |||
Date Acquired | Feb. 9, 2017 | |||
Medical / Dental | Lexington, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 199 | |||
Initial Cost to Building & Improvements | 474 | |||
Gross Amount, Land & Improvements | 199 | |||
Gross Amount, Building & Improvements | 474 | |||
Gross Amount, Total | 673 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 2014 | |||
Date Acquired | Feb. 9, 2017 | |||
Medical / Dental | Islip Terrace, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 313 | |||
Initial Cost to Building & Improvements | 436 | |||
Gross Amount, Land & Improvements | 313 | |||
Gross Amount, Building & Improvements | 436 | |||
Gross Amount, Total | 749 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 1986 | |||
Date Acquired | Feb. 9, 2017 | |||
Medical / Dental | Tyler, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 985 | |||
Initial Cost to Building & Improvements | 5,675 | |||
Gross Amount, Land & Improvements | 985 | |||
Gross Amount, Building & Improvements | 5,675 | |||
Gross Amount, Total | 6,660 | |||
Accumulated Depreciation | $ 350 | |||
Year Constructed | 1999 | |||
Date Acquired | Nov. 17, 2017 | |||
Medical / Dental | Payson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 548 | |||
Initial Cost to Building & Improvements | 1,944 | |||
Gross Amount, Land & Improvements | 548 | |||
Gross Amount, Building & Improvements | 1,944 | |||
Gross Amount, Total | 2,492 | |||
Accumulated Depreciation | $ 146 | |||
Year Constructed | 1988 | |||
Date Acquired | Apr. 28, 2017 | |||
Medical / Dental | Katy, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 233 | |||
Initial Cost to Building & Improvements | 1,228 | |||
Gross Amount, Land & Improvements | 233 | |||
Gross Amount, Building & Improvements | 1,228 | |||
Gross Amount, Total | 1,461 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 2012 | |||
Date Acquired | May 18, 2017 | |||
Medical / Dental | Baytown, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 286 | |||
Initial Cost to Building & Improvements | 1,790 | |||
Gross Amount, Land & Improvements | 286 | |||
Gross Amount, Building & Improvements | 1,790 | |||
Gross Amount, Total | 2,076 | |||
Accumulated Depreciation | $ 127 | |||
Year Constructed | 2008 | |||
Date Acquired | May 18, 2017 | |||
Medical / Dental | El Paso, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 121 | |||
Initial Cost to Building & Improvements | 11,529 | |||
Gross Amount, Land & Improvements | 121 | |||
Gross Amount, Building & Improvements | 11,529 | |||
Gross Amount, Total | 11,650 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 2019 | |||
Date Acquired | Oct. 10, 2019 | |||
Medical / Dental | Amarillo,TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 396 | |||
Initial Cost to Building & Improvements | 2,588 | |||
Gross Amount, Land & Improvements | 396 | |||
Gross Amount, Building & Improvements | 2,588 | |||
Gross Amount, Total | 2,984 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 28, 2019 | |||
Medical / Dental | Round Rock, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 713 | |||
Initial Cost to Building & Improvements | 6,821 | |||
Gross Amount, Land & Improvements | 713 | |||
Gross Amount, Building & Improvements | 6,821 | |||
Gross Amount, Total | 7,534 | |||
Accumulated Depreciation | $ 425 | |||
Year Constructed | 2016 | |||
Date Acquired | Sep. 12, 2017 | |||
Medical / Dental | Bryant, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 460 | |||
Initial Cost to Building & Improvements | 1,519 | |||
Gross Amount, Land & Improvements | 460 | |||
Gross Amount, Building & Improvements | 1,519 | |||
Gross Amount, Total | 1,979 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 2014 | |||
Date Acquired | Jan. 31, 2019 | |||
Medical / Dental | Rogers, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 599 | |||
Initial Cost to Building & Improvements | 1,229 | |||
Gross Amount, Land & Improvements | 599 | |||
Gross Amount, Building & Improvements | 1,229 | |||
Gross Amount, Total | 1,828 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 2013 | |||
Date Acquired | Apr. 20, 2018 | |||
Medical / Dental | North Lima, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 112 | |||
Initial Cost to Building & Improvements | 926 | |||
Gross Amount, Land & Improvements | 112 | |||
Gross Amount, Building & Improvements | 926 | |||
Gross Amount, Total | 1,038 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1976 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Southfield, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 193 | |||
Initial Cost to Building & Improvements | 1,536 | |||
Gross Amount, Land & Improvements | 193 | |||
Gross Amount, Building & Improvements | 1,536 | |||
Gross Amount, Total | 1,729 | |||
Accumulated Depreciation | $ 94 | |||
Year Constructed | 1968 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | West Lafayette, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 122 | |||
Initial Cost to Building & Improvements | 397 | |||
Gross Amount, Land & Improvements | 122 | |||
Gross Amount, Building & Improvements | 397 | |||
Gross Amount, Total | 519 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1976 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Salem OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 92 | |||
Initial Cost to Building & Improvements | 468 | |||
Gross Amount, Land & Improvements | 92 | |||
Gross Amount, Building & Improvements | 468 | |||
Gross Amount, Total | 560 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1985 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Toledo, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 448 | |||
Initial Cost to Building & Improvements | 1,750 | |||
Gross Amount, Land & Improvements | 448 | |||
Gross Amount, Building & Improvements | 1,750 | |||
Gross Amount, Total | 2,198 | |||
Accumulated Depreciation | $ 108 | |||
Year Constructed | 1995 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Pittsburgh, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 112 | |||
Initial Cost to Building & Improvements | 1,221 | |||
Gross Amount, Land & Improvements | 112 | |||
Gross Amount, Building & Improvements | 1,221 | |||
Gross Amount, Total | 1,333 | |||
Accumulated Depreciation | $ 72 | |||
Year Constructed | 1983 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Youngstown, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 275 | |||
Initial Cost to Building & Improvements | 702 | |||
Gross Amount, Land & Improvements | 275 | |||
Gross Amount, Building & Improvements | 702 | |||
Gross Amount, Total | 977 | |||
Accumulated Depreciation | $ 52 | |||
Year Constructed | 1971 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Madison OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 387 | |||
Initial Cost to Building & Improvements | 488 | |||
Gross Amount, Land & Improvements | 387 | |||
Gross Amount, Building & Improvements | 488 | |||
Gross Amount, Total | 875 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 1950 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Youngstown, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 366 | |||
Initial Cost to Building & Improvements | 1,394 | |||
Gross Amount, Land & Improvements | 366 | |||
Gross Amount, Building & Improvements | 1,394 | |||
Gross Amount, Total | 1,760 | |||
Accumulated Depreciation | $ 98 | |||
Year Constructed | 1995 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Penn Yan, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 132 | |||
Initial Cost to Building & Improvements | 651 | |||
Gross Amount, Land & Improvements | 132 | |||
Gross Amount, Building & Improvements | 651 | |||
Gross Amount, Total | 783 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 1986 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Kent, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 173 | |||
Initial Cost to Building & Improvements | 610 | |||
Gross Amount, Land & Improvements | 173 | |||
Gross Amount, Building & Improvements | 610 | |||
Gross Amount, Total | 783 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1970 | |||
Date Acquired | Oct. 5, 2017 | |||
Medical / Dental | Lindale, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 394 | |||
Initial Cost to Building & Improvements | 1,429 | |||
Gross Amount, Land & Improvements | 394 | |||
Gross Amount, Building & Improvements | 1,429 | |||
Gross Amount, Total | 1,823 | |||
Accumulated Depreciation | $ 103 | |||
Year Constructed | 2013 | |||
Date Acquired | Nov. 17, 2017 | |||
Medical / Dental | Indianapolis, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 509 | |||
Initial Cost to Building & Improvements | 3,504 | |||
Gross Amount, Land & Improvements | 509 | |||
Gross Amount, Building & Improvements | 3,504 | |||
Gross Amount, Total | 4,013 | |||
Accumulated Depreciation | $ 72 | |||
Year Constructed | 1982 | |||
Date Acquired | Mar. 29, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2016 | |||
Medical / Dental | Russellville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 710 | |||
Initial Cost to Building & Improvements | 1,297 | |||
Gross Amount, Land & Improvements | 710 | |||
Gross Amount, Building & Improvements | 1,297 | |||
Gross Amount, Total | 2,007 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2015 | |||
Date Acquired | Apr. 20, 2018 | |||
Medical / Dental | Paris, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 416 | |||
Initial Cost to Building & Improvements | 1,020 | |||
Gross Amount, Land & Improvements | 416 | |||
Gross Amount, Building & Improvements | 1,020 | |||
Gross Amount, Total | 1,436 | |||
Accumulated Depreciation | $ 59 | |||
Year Constructed | 2013 | |||
Date Acquired | Apr. 20, 2018 | |||
Medical / Dental | Springfield, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 660 | |||
Initial Cost to Building & Improvements | 1,326 | |||
Gross Amount, Land & Improvements | 660 | |||
Gross Amount, Building & Improvements | 1,326 | |||
Gross Amount, Total | 1,986 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 2014 | |||
Date Acquired | Apr. 20, 2018 | |||
Medical / Dental | Mountain Grove, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 113 | |||
Initial Cost to Building & Improvements | 527 | |||
Gross Amount, Land & Improvements | 113 | |||
Gross Amount, Building & Improvements | 527 | |||
Gross Amount, Total | 640 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 2012 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | Harrison, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 144 | |||
Initial Cost to Building & Improvements | 835 | |||
Gross Amount, Land & Improvements | 144 | |||
Gross Amount, Building & Improvements | 835 | |||
Gross Amount, Total | 979 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | Jonesboro, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 329 | |||
Initial Cost to Building & Improvements | 1,021 | |||
Gross Amount, Land & Improvements | 329 | |||
Gross Amount, Building & Improvements | 1,021 | |||
Gross Amount, Total | 1,350 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 2005 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | El Dorado, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 93 | |||
Initial Cost to Building & Improvements | 228 | |||
Gross Amount, Land & Improvements | 93 | |||
Gross Amount, Building & Improvements | 228 | |||
Gross Amount, Total | 321 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | Berryville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 62 | |||
Initial Cost to Building & Improvements | 120 | |||
Gross Amount, Land & Improvements | 62 | |||
Gross Amount, Building & Improvements | 120 | |||
Gross Amount, Total | 182 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | Batesville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 237 | |||
Initial Cost to Building & Improvements | 1,139 | |||
Gross Amount, Land & Improvements | 237 | |||
Gross Amount, Building & Improvements | 1,139 | |||
Gross Amount, Total | 1,376 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2017 | |||
Date Acquired | Jun. 28, 2018 | |||
Medical / Dental | Brownsville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 172 | |||
Initial Cost to Building & Improvements | 1,683 | |||
Gross Amount, Land & Improvements | 172 | |||
Gross Amount, Building & Improvements | 1,683 | |||
Gross Amount, Total | 1,855 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2008 | |||
Date Acquired | Jul. 13, 2018 | |||
Medical / Dental | Burleson, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 61 | |||
Initial Cost to Building & Improvements | 1,091 | |||
Gross Amount, Land & Improvements | 61 | |||
Gross Amount, Building & Improvements | 1,091 | |||
Gross Amount, Total | 1,152 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 1942 | |||
Date Acquired | Nov. 30, 2018 | |||
Medical / Dental | Abilene, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 336 | |||
Initial Cost to Building & Improvements | 1,959 | |||
Gross Amount, Land & Improvements | 336 | |||
Gross Amount, Building & Improvements | 1,959 | |||
Gross Amount, Total | 2,295 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 2006 | |||
Date Acquired | Sep. 27, 2018 | |||
Medical / Dental | Forrest City, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 143 | |||
Initial Cost to Building & Improvements | 608 | |||
Gross Amount, Land & Improvements | 143 | |||
Gross Amount, Building & Improvements | 608 | |||
Gross Amount, Total | 751 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 2007 | |||
Date Acquired | Sep. 28, 2018 | |||
Medical / Dental | Midland, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 298 | |||
Initial Cost to Building & Improvements | 1,760 | |||
Gross Amount, Land & Improvements | 298 | |||
Gross Amount, Building & Improvements | 1,760 | |||
Gross Amount, Total | 2,058 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1993 | |||
Date Acquired | Oct. 31, 2018 | |||
Medical / Dental | Montgomery, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 454 | |||
Initial Cost to Building & Improvements | 1,528 | |||
Gross Amount, Land & Improvements | 454 | |||
Gross Amount, Building & Improvements | 1,528 | |||
Gross Amount, Total | 1,982 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 2004 | |||
Date Acquired | Nov. 7, 2018 | |||
Medical / Dental | Arlington, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 546 | |||
Initial Cost to Building & Improvements | 649 | |||
Gross Amount, Land & Improvements | 546 | |||
Gross Amount, Building & Improvements | 649 | |||
Gross Amount, Total | 1,195 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1999 | |||
Date Acquired | Nov. 30, 2018 | |||
Medical / Dental | Dallas, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,813 | |||
Initial Cost to Building & Improvements | 3,606 | |||
Gross Amount, Land & Improvements | 1,813 | |||
Gross Amount, Building & Improvements | 3,606 | |||
Gross Amount, Total | 5,419 | |||
Accumulated Depreciation | $ 110 | |||
Year Constructed | 1979 | |||
Date Acquired | Nov. 30, 2018 | |||
Medical / Dental | West Memphis, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 247 | |||
Initial Cost to Building & Improvements | 543 | |||
Gross Amount, Land & Improvements | 247 | |||
Gross Amount, Building & Improvements | 543 | |||
Gross Amount, Total | 790 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 2007 | |||
Date Acquired | Jan. 22, 2019 | |||
Medical / Dental | Meridian, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 886 | |||
Initial Cost to Building & Improvements | 5,947 | |||
Gross Amount, Land & Improvements | 886 | |||
Gross Amount, Building & Improvements | 5,947 | |||
Gross Amount, Total | 6,833 | |||
Accumulated Depreciation | $ 136 | |||
Year Constructed | 2006 | |||
Date Acquired | Mar. 8, 2019 | |||
Medical / Dental | Tuscaloosa, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 262 | |||
Initial Cost to Building & Improvements | 1,682 | |||
Gross Amount, Land & Improvements | 262 | |||
Gross Amount, Building & Improvements | 1,682 | |||
Gross Amount, Total | 1,944 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1991 | |||
Date Acquired | Mar. 29, 2019 | |||
Medical / Dental | Fort Wayne, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 4,006 | |||
Gross Amount, Land & Improvements | 4,006 | |||
Gross Amount, Total | $ 4,006 | |||
Date Acquired | Mar. 29, 2019 | |||
Medical / Dental | Tyler, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 365 | |||
Initial Cost to Building & Improvements | 477 | |||
Gross Amount, Land & Improvements | 365 | |||
Gross Amount, Building & Improvements | 477 | |||
Gross Amount, Total | 842 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1940 | |||
Date Acquired | May 15, 2019 | |||
Medical / Dental | Groesbeck, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 142 | |||
Initial Cost to Building & Improvements | 406 | |||
Gross Amount, Land & Improvements | 142 | |||
Gross Amount, Building & Improvements | 406 | |||
Gross Amount, Total | 548 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 2005 | |||
Date Acquired | May 15, 2019 | |||
Medical / Dental | Greenville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 172 | |||
Initial Cost to Building & Improvements | 609 | |||
Gross Amount, Land & Improvements | 172 | |||
Gross Amount, Building & Improvements | 609 | |||
Gross Amount, Total | 781 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 1985 | |||
Date Acquired | May 15, 2019 | |||
Medical / Dental | Marshall, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 487 | |||
Initial Cost to Building & Improvements | 1,167 | |||
Gross Amount, Land & Improvements | 487 | |||
Gross Amount, Building & Improvements | 1,167 | |||
Gross Amount, Total | 1,654 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1969 | |||
Date Acquired | May 15, 2019 | |||
Medical / Dental | Longview, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 257 | |||
Initial Cost to Building & Improvements | 452 | |||
Gross Amount, Land & Improvements | 257 | |||
Gross Amount, Building & Improvements | 452 | |||
Gross Amount, Total | 709 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 13, 2019 | |||
Medical / Dental | Highland, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 182 | |||
Initial Cost to Building & Improvements | 1,060 | |||
Gross Amount, Land & Improvements | 182 | |||
Gross Amount, Building & Improvements | 1,060 | |||
Gross Amount, Total | 1,242 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 2008 | |||
Date Acquired | Jun. 27, 2019 | |||
Medical / Dental | Amarillo, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,309 | |||
Initial Cost to Building & Improvements | 6,791 | |||
Gross Amount, Land & Improvements | 1,309 | |||
Gross Amount, Building & Improvements | 6,791 | |||
Gross Amount, Total | 8,100 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1994 | |||
Date Acquired | Jul. 31, 2019 | |||
Medical / Dental | Horizon City, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 3,587 | |||
Initial Cost to Building & Improvements | 11,550 | |||
Gross Amount, Land & Improvements | 3,587 | |||
Gross Amount, Building & Improvements | 11,550 | |||
Gross Amount, Total | 15,137 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 2017 | |||
Date Acquired | Oct. 10, 2019 | |||
Medical / Dental | West Helena, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 155 | |||
Initial Cost to Building & Improvements | 1,052 | |||
Gross Amount, Land & Improvements | 155 | |||
Gross Amount, Building & Improvements | 1,052 | |||
Gross Amount, Total | 1,207 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 2003 | |||
Date Acquired | Oct. 28, 2019 | |||
Medical / Dental | Arnold, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 417 | |||
Initial Cost to Building & Improvements | 823 | |||
Gross Amount, Land & Improvements | 417 | |||
Gross Amount, Building & Improvements | 823 | |||
Gross Amount, Total | $ 1,240 | |||
Year Constructed | 2015 | |||
Date Acquired | Dec. 30, 2019 | |||
Medical / Dental | Grand Blanc, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 748 | |||
Initial Cost to Building & Improvements | 1,537 | |||
Gross Amount, Land & Improvements | 748 | |||
Gross Amount, Building & Improvements | 1,537 | |||
Gross Amount, Total | $ 2,285 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 23, 2019 | |||
Medical / Dental | Allen, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 397 | |||
Initial Cost to Building & Improvements | 2,230 | |||
Gross Amount, Land & Improvements | 397 | |||
Gross Amount, Building & Improvements | 2,230 | |||
Gross Amount, Total | $ 2,627 | |||
Year Constructed | 1983 | |||
Date Acquired | Dec. 31, 2019 | |||
Medical / Dental | Flower Mound, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 427 | |||
Initial Cost to Building & Improvements | 905 | |||
Gross Amount, Land & Improvements | 427 | |||
Gross Amount, Building & Improvements | 905 | |||
Gross Amount, Total | $ 1,332 | |||
Year Constructed | 1999 | |||
Date Acquired | Dec. 31, 2019 | |||
N/A | San Antonio, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 105 | |||
Gross Amount, Land & Improvements | 105 | |||
Gross Amount, Total | $ 105 | |||
Date Acquired | Jun. 16, 2016 | |||
Home Furnishings | Battle Creek, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,212 | |||
Initial Cost to Building & Improvements | 7,904 | |||
Gross Amount, Land & Improvements | 1,212 | |||
Gross Amount, Building & Improvements | 7,904 | |||
Gross Amount, Total | 9,116 | |||
Accumulated Depreciation | $ 629 | |||
Year Constructed | 1996 | |||
Date Acquired | Mar. 1, 2017 | |||
Home Furnishings | Frisco, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,224 | |||
Initial Cost to Building & Improvements | 4,779 | |||
Gross Amount, Land & Improvements | 2,224 | |||
Gross Amount, Building & Improvements | 4,779 | |||
Gross Amount, Total | 7,003 | |||
Accumulated Depreciation | $ 436 | |||
Year Constructed | 2006 | |||
Date Acquired | Aug. 19, 2016 | |||
Home Furnishings | Fort Worth, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,348 | |||
Initial Cost to Building & Improvements | 7,847 | |||
Gross Amount, Land & Improvements | 1,348 | |||
Gross Amount, Building & Improvements | 7,847 | |||
Gross Amount, Total | 9,195 | |||
Accumulated Depreciation | $ 717 | |||
Year Constructed | 2007 | |||
Date Acquired | Aug. 19, 2016 | |||
Home Furnishings | Kansas City, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 273 | |||
Initial Cost to Building & Improvements | 4,683 | |||
Gross Amount, Land & Improvements | 273 | |||
Gross Amount, Building & Improvements | 4,683 | |||
Gross Amount, Total | 4,956 | |||
Accumulated Depreciation | $ 128 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 28, 2018 | |||
Home Furnishings | Westland, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,858 | |||
Initial Cost to Building & Improvements | 14,560 | |||
Gross Amount, Land & Improvements | 1,858 | |||
Gross Amount, Building & Improvements | 14,560 | |||
Gross Amount, Total | 16,418 | |||
Accumulated Depreciation | $ 1,127 | |||
Year Constructed | 1987 | |||
Date Acquired | Mar. 1, 2017 | |||
Home Furnishings | Ann Arbor, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,096 | |||
Initial Cost to Building & Improvements | 13,399 | |||
Gross Amount, Land & Improvements | 2,096 | |||
Gross Amount, Building & Improvements | 13,399 | |||
Gross Amount, Total | 15,495 | |||
Accumulated Depreciation | $ 1,013 | |||
Year Constructed | 1992 | |||
Date Acquired | Mar. 1, 2017 | |||
Home Furnishings | Muskegon, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,113 | |||
Initial Cost to Building & Improvements | 6,436 | |||
Gross Amount, Land & Improvements | 1,113 | |||
Gross Amount, Building & Improvements | 6,436 | |||
Gross Amount, Total | 7,549 | |||
Accumulated Depreciation | $ 499 | |||
Year Constructed | 1987 | |||
Date Acquired | Mar. 1, 2017 | |||
Convenience Stores | Binghamton, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 273 | |||
Initial Cost to Building & Improvements | 1,008 | |||
Gross Amount, Land & Improvements | 273 | |||
Gross Amount, Building & Improvements | 1,008 | |||
Gross Amount, Total | 1,281 | |||
Accumulated Depreciation | $ 133 | |||
Year Constructed | 1970 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Windsor, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 272 | |||
Initial Cost to Building & Improvements | 1,101 | |||
Gross Amount, Land & Improvements | 272 | |||
Gross Amount, Building & Improvements | 1,101 | |||
Gross Amount, Total | 1,373 | |||
Accumulated Depreciation | $ 146 | |||
Year Constructed | 1980 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Greene, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 557 | |||
Initial Cost to Building & Improvements | 1,974 | |||
Gross Amount, Land & Improvements | 557 | |||
Gross Amount, Building & Improvements | 1,974 | |||
Gross Amount, Total | 2,531 | |||
Accumulated Depreciation | $ 261 | |||
Year Constructed | 1989 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Afton, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 348 | |||
Initial Cost to Building & Improvements | 1,303 | |||
Gross Amount, Land & Improvements | 348 | |||
Gross Amount, Building & Improvements | 1,303 | |||
Gross Amount, Total | 1,651 | |||
Accumulated Depreciation | $ 172 | |||
Year Constructed | 1994 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Lansing, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 861 | |||
Initial Cost to Building & Improvements | 3,034 | |||
Gross Amount, Land & Improvements | 861 | |||
Gross Amount, Building & Improvements | 3,034 | |||
Gross Amount, Total | 3,895 | |||
Accumulated Depreciation | $ 402 | |||
Year Constructed | 2010 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Freeville, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 524 | |||
Initial Cost to Building & Improvements | 1,457 | |||
Gross Amount, Land & Improvements | 524 | |||
Gross Amount, Building & Improvements | 1,457 | |||
Gross Amount, Total | 1,981 | |||
Accumulated Depreciation | $ 193 | |||
Year Constructed | 1994 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Marathon, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 520 | |||
Initial Cost to Building & Improvements | 2,127 | |||
Gross Amount, Land & Improvements | 520 | |||
Gross Amount, Building & Improvements | 2,127 | |||
Gross Amount, Total | 2,647 | |||
Accumulated Depreciation | $ 281 | |||
Year Constructed | 1995 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | New Hartford, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 301 | |||
Initial Cost to Building & Improvements | 863 | |||
Gross Amount, Land & Improvements | 301 | |||
Gross Amount, Building & Improvements | 863 | |||
Gross Amount, Total | 1,164 | |||
Accumulated Depreciation | $ 114 | |||
Year Constructed | 1995 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Chadwicks, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 213 | |||
Initial Cost to Building & Improvements | 784 | |||
Gross Amount, Land & Improvements | 213 | |||
Gross Amount, Building & Improvements | 784 | |||
Gross Amount, Total | 997 | |||
Accumulated Depreciation | $ 104 | |||
Year Constructed | 1987 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Liberty, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 219 | |||
Initial Cost to Building & Improvements | 811 | |||
Gross Amount, Land & Improvements | 219 | |||
Gross Amount, Building & Improvements | 811 | |||
Gross Amount, Total | 1,030 | |||
Accumulated Depreciation | $ 107 | |||
Year Constructed | 2004 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Earlville, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 258 | |||
Initial Cost to Building & Improvements | 985 | |||
Gross Amount, Land & Improvements | 258 | |||
Gross Amount, Building & Improvements | 985 | |||
Gross Amount, Total | 1,243 | |||
Accumulated Depreciation | $ 130 | |||
Year Constructed | 1997 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Vestal, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 324 | |||
Initial Cost to Building & Improvements | 1,285 | |||
Gross Amount, Land & Improvements | 324 | |||
Gross Amount, Building & Improvements | 1,285 | |||
Gross Amount, Total | 1,609 | |||
Accumulated Depreciation | $ 170 | |||
Year Constructed | 1996 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Delhi, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 275 | |||
Initial Cost to Building & Improvements | 1,066 | |||
Gross Amount, Land & Improvements | 275 | |||
Gross Amount, Building & Improvements | 1,066 | |||
Gross Amount, Total | 1,341 | |||
Accumulated Depreciation | $ 141 | |||
Year Constructed | 1992 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Franklin, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 423 | |||
Initial Cost to Building & Improvements | 774 | |||
Gross Amount, Land & Improvements | 423 | |||
Gross Amount, Building & Improvements | 774 | |||
Gross Amount, Total | 1,197 | |||
Accumulated Depreciation | $ 102 | |||
Year Constructed | 1998 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Endicott, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 188 | |||
Initial Cost to Building & Improvements | 576 | |||
Gross Amount, Land & Improvements | 188 | |||
Gross Amount, Building & Improvements | 576 | |||
Gross Amount, Total | 764 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1995 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Davenport, NY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 324 | |||
Initial Cost to Building & Improvements | 1,194 | |||
Gross Amount, Land & Improvements | 324 | |||
Gross Amount, Building & Improvements | 1,194 | |||
Gross Amount, Total | 1,518 | |||
Accumulated Depreciation | $ 158 | |||
Year Constructed | 1993 | |||
Date Acquired | Aug. 22, 2016 | |||
Convenience Stores | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 977 | |||
Initial Cost to Building & Improvements | 827 | |||
Gross Amount, Land & Improvements | 977 | |||
Gross Amount, Building & Improvements | 827 | |||
Gross Amount, Total | 1,804 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 1985 | |||
Date Acquired | Nov. 7, 2018 | |||
Convenience Stores | Alpena, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 252 | |||
Initial Cost to Building & Improvements | 703 | |||
Gross Amount, Land & Improvements | 252 | |||
Gross Amount, Building & Improvements | 703 | |||
Gross Amount, Total | 955 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1985 | |||
Date Acquired | Mar. 10, 2017 | |||
Convenience Stores | Topeka, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 603 | |||
Initial Cost to Building & Improvements | 1,584 | |||
Gross Amount, Land & Improvements | 603 | |||
Gross Amount, Building & Improvements | 1,584 | |||
Gross Amount, Total | 2,187 | |||
Accumulated Depreciation | $ 178 | |||
Year Constructed | 2008 | |||
Date Acquired | Mar. 10, 2017 | |||
Convenience Stores | Tyler, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 404 | |||
Initial Cost to Building & Improvements | 1,433 | |||
Gross Amount, Land & Improvements | 404 | |||
Gross Amount, Building & Improvements | 1,433 | |||
Gross Amount, Total | 1,837 | |||
Accumulated Depreciation | $ 156 | |||
Year Constructed | 1980 | |||
Date Acquired | Mar. 30, 2017 | |||
Convenience Stores | Atlanta, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 392 | |||
Initial Cost to Building & Improvements | 1,204 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (13) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (155) | |||
Gross Amount, Land & Improvements | 379 | |||
Gross Amount, Building & Improvements | 1,049 | |||
Gross Amount, Total | 1,428 | |||
Accumulated Depreciation | $ 124 | |||
Year Constructed | 1995 | |||
Date Acquired | Mar. 30, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 332 | |||
Initial Cost to Building & Improvements | 302 | |||
Gross Amount, Land & Improvements | 332 | |||
Gross Amount, Building & Improvements | 302 | |||
Gross Amount, Total | 634 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1966 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 342 | |||
Initial Cost to Building & Improvements | 604 | |||
Gross Amount, Land & Improvements | 342 | |||
Gross Amount, Building & Improvements | 604 | |||
Gross Amount, Total | 946 | |||
Accumulated Depreciation | $ 47 | |||
Year Constructed | 1972 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Braham, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 289 | |||
Initial Cost to Building & Improvements | 1,043 | |||
Gross Amount, Land & Improvements | 289 | |||
Gross Amount, Building & Improvements | 1,043 | |||
Gross Amount, Total | 1,332 | |||
Accumulated Depreciation | $ 87 | |||
Year Constructed | 1986 | |||
Date Acquired | Sep. 27, 2017 | |||
Convenience Stores | Jacksonville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 587 | |||
Initial Cost to Building & Improvements | 1,357 | |||
Gross Amount, Land & Improvements | 587 | |||
Gross Amount, Building & Improvements | 1,357 | |||
Gross Amount, Total | 1,944 | |||
Accumulated Depreciation | $ 130 | |||
Year Constructed | 2012 | |||
Date Acquired | Sep. 29, 2017 | |||
Convenience Stores | Daingerfield, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 269 | |||
Initial Cost to Building & Improvements | 1,135 | |||
Gross Amount, Land & Improvements | 269 | |||
Gross Amount, Building & Improvements | 1,135 | |||
Gross Amount, Total | 1,404 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 1979 | |||
Date Acquired | Sep. 29, 2017 | |||
Convenience Stores | Jacksonville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 368 | |||
Initial Cost to Building & Improvements | 916 | |||
Gross Amount, Land & Improvements | 368 | |||
Gross Amount, Building & Improvements | 916 | |||
Gross Amount, Total | 1,284 | |||
Accumulated Depreciation | $ 87 | |||
Year Constructed | 1996 | |||
Date Acquired | Sep. 29, 2017 | |||
Convenience Stores | Tyler, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 706 | |||
Initial Cost to Building & Improvements | 511 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 950 | |||
Gross Amount, Land & Improvements | 706 | |||
Gross Amount, Building & Improvements | 1,461 | |||
Gross Amount, Total | 2,167 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1996 | |||
Date Acquired | Oct. 16, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 372 | |||
Initial Cost to Building & Improvements | 886 | |||
Gross Amount, Land & Improvements | 372 | |||
Gross Amount, Building & Improvements | 886 | |||
Gross Amount, Total | 1,258 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 2013 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Aztec, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 322 | |||
Initial Cost to Building & Improvements | 685 | |||
Gross Amount, Land & Improvements | 322 | |||
Gross Amount, Building & Improvements | 685 | |||
Gross Amount, Total | 1,007 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 1982 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 282 | |||
Initial Cost to Building & Improvements | 1,077 | |||
Gross Amount, Land & Improvements | 282 | |||
Gross Amount, Building & Improvements | 1,077 | |||
Gross Amount, Total | 1,359 | |||
Accumulated Depreciation | $ 85 | |||
Year Constructed | 1980 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 503 | |||
Initial Cost to Building & Improvements | 815 | |||
Gross Amount, Land & Improvements | 503 | |||
Gross Amount, Building & Improvements | 815 | |||
Gross Amount, Total | 1,318 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1980 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 735 | |||
Initial Cost to Building & Improvements | 352 | |||
Gross Amount, Land & Improvements | 735 | |||
Gross Amount, Building & Improvements | 352 | |||
Gross Amount, Total | 1,087 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 1982 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Ignacio, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 272 | |||
Initial Cost to Building & Improvements | 1,047 | |||
Gross Amount, Land & Improvements | 272 | |||
Gross Amount, Building & Improvements | 1,047 | |||
Gross Amount, Total | 1,319 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1983 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 332 | |||
Initial Cost to Building & Improvements | 775 | |||
Gross Amount, Land & Improvements | 332 | |||
Gross Amount, Building & Improvements | 775 | |||
Gross Amount, Total | 1,107 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1985 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 453 | |||
Initial Cost to Building & Improvements | 1,027 | |||
Gross Amount, Land & Improvements | 453 | |||
Gross Amount, Building & Improvements | 1,027 | |||
Gross Amount, Total | 1,480 | |||
Accumulated Depreciation | $ 93 | |||
Year Constructed | 1990 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Kirtland, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 332 | |||
Initial Cost to Building & Improvements | 906 | |||
Gross Amount, Land & Improvements | 332 | |||
Gross Amount, Building & Improvements | 906 | |||
Gross Amount, Total | 1,238 | |||
Accumulated Depreciation | $ 72 | |||
Year Constructed | 1980 | |||
Date Acquired | Nov. 8, 2017 | |||
Convenience Stores | Bloomfield, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 221 | |||
Initial Cost to Building & Improvements | 784 | |||
Gross Amount, Land & Improvements | 221 | |||
Gross Amount, Building & Improvements | 784 | |||
Gross Amount, Total | 1,005 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1980 | |||
Date Acquired | Jan. 24, 2018 | |||
Convenience Stores | Russellville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 426 | |||
Initial Cost to Building & Improvements | 455 | |||
Gross Amount, Land & Improvements | 426 | |||
Gross Amount, Building & Improvements | 455 | |||
Gross Amount, Total | 881 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1991 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Cambridge, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,008 | |||
Initial Cost to Building & Improvements | 2,161 | |||
Gross Amount, Land & Improvements | 1,008 | |||
Gross Amount, Building & Improvements | 2,161 | |||
Gross Amount, Total | 3,169 | |||
Accumulated Depreciation | $ 157 | |||
Year Constructed | 2007 | |||
Date Acquired | May 17, 2018 | |||
Convenience Stores | Mosinee, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 260 | |||
Initial Cost to Building & Improvements | 509 | |||
Gross Amount, Land & Improvements | 260 | |||
Gross Amount, Building & Improvements | 509 | |||
Gross Amount, Total | 769 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Wausau, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 311 | |||
Initial Cost to Building & Improvements | 372 | |||
Gross Amount, Land & Improvements | 311 | |||
Gross Amount, Building & Improvements | 372 | |||
Gross Amount, Total | 683 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Wausau, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 402 | |||
Initial Cost to Building & Improvements | 1,470 | |||
Gross Amount, Land & Improvements | 402 | |||
Gross Amount, Building & Improvements | 1,470 | |||
Gross Amount, Total | 1,872 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Wausau, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 502 | |||
Initial Cost to Building & Improvements | 361 | |||
Gross Amount, Land & Improvements | 502 | |||
Gross Amount, Building & Improvements | 361 | |||
Gross Amount, Total | 863 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Wausau, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 412 | |||
Initial Cost to Building & Improvements | 445 | |||
Gross Amount, Land & Improvements | 412 | |||
Gross Amount, Building & Improvements | 445 | |||
Gross Amount, Total | 857 | |||
Accumulated Depreciation | $ 43 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Prentice, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,164 | |||
Initial Cost to Building & Improvements | 753 | |||
Gross Amount, Land & Improvements | 1,164 | |||
Gross Amount, Building & Improvements | 753 | |||
Gross Amount, Total | 1,917 | |||
Accumulated Depreciation | $ 141 | |||
Year Constructed | 1989 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Rothschild, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 703 | |||
Initial Cost to Building & Improvements | 760 | |||
Gross Amount, Land & Improvements | 703 | |||
Gross Amount, Building & Improvements | 760 | |||
Gross Amount, Total | 1,463 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1985 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Phillips, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 191 | |||
Initial Cost to Building & Improvements | 722 | |||
Gross Amount, Land & Improvements | 191 | |||
Gross Amount, Building & Improvements | 722 | |||
Gross Amount, Total | 913 | |||
Accumulated Depreciation | $ 44 | |||
Year Constructed | 1970 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Pound, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 321 | |||
Initial Cost to Building & Improvements | 478 | |||
Gross Amount, Land & Improvements | 321 | |||
Gross Amount, Building & Improvements | 478 | |||
Gross Amount, Total | 799 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Gillett, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 241 | |||
Initial Cost to Building & Improvements | 591 | |||
Gross Amount, Land & Improvements | 241 | |||
Gross Amount, Building & Improvements | 591 | |||
Gross Amount, Total | 832 | |||
Accumulated Depreciation | $ 46 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Tigerton, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 954 | |||
Initial Cost to Building & Improvements | 1,014 | |||
Gross Amount, Land & Improvements | 954 | |||
Gross Amount, Building & Improvements | 1,014 | |||
Gross Amount, Total | 1,968 | |||
Accumulated Depreciation | $ 125 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Sartell, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 988 | |||
Initial Cost to Building & Improvements | 607 | |||
Gross Amount, Land & Improvements | 988 | |||
Gross Amount, Building & Improvements | 607 | |||
Gross Amount, Total | 1,595 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2013 | |||
Date Acquired | May 17, 2018 | |||
Convenience Stores | Stevens Point, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,054 | |||
Initial Cost to Building & Improvements | 522 | |||
Gross Amount, Land & Improvements | 1,054 | |||
Gross Amount, Building & Improvements | 522 | |||
Gross Amount, Total | 1,576 | |||
Accumulated Depreciation | $ 82 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | St. Augusta, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 473 | |||
Initial Cost to Building & Improvements | 1,111 | |||
Gross Amount, Land & Improvements | 473 | |||
Gross Amount, Building & Improvements | 1,111 | |||
Gross Amount, Total | 1,584 | |||
Accumulated Depreciation | $ 75 | |||
Year Constructed | 1978 | |||
Date Acquired | May 17, 2018 | |||
Convenience Stores | Merrill, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,857 | |||
Initial Cost to Building & Improvements | 1,305 | |||
Gross Amount, Land & Improvements | 1,857 | |||
Gross Amount, Building & Improvements | 1,305 | |||
Gross Amount, Total | 3,162 | |||
Accumulated Depreciation | $ 190 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Rice, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 782 | |||
Initial Cost to Building & Improvements | 1,461 | |||
Gross Amount, Land & Improvements | 782 | |||
Gross Amount, Building & Improvements | 1,461 | |||
Gross Amount, Total | 2,243 | |||
Accumulated Depreciation | $ 119 | |||
Year Constructed | 2005 | |||
Date Acquired | May 17, 2018 | |||
Convenience Stores | Tomahawk, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 683 | |||
Initial Cost to Building & Improvements | 1,008 | |||
Gross Amount, Land & Improvements | 683 | |||
Gross Amount, Building & Improvements | 1,008 | |||
Gross Amount, Total | 1,691 | |||
Accumulated Depreciation | $ 101 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Marathon, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 261 | |||
Initial Cost to Building & Improvements | 1,244 | |||
Gross Amount, Land & Improvements | 261 | |||
Gross Amount, Building & Improvements | 1,244 | |||
Gross Amount, Total | 1,505 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Edgar, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 502 | |||
Initial Cost to Building & Improvements | 949 | |||
Gross Amount, Land & Improvements | 502 | |||
Gross Amount, Building & Improvements | 949 | |||
Gross Amount, Total | 1,451 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Plover, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,275 | |||
Initial Cost to Building & Improvements | 883 | |||
Gross Amount, Land & Improvements | 1,275 | |||
Gross Amount, Building & Improvements | 883 | |||
Gross Amount, Total | 2,158 | |||
Accumulated Depreciation | $ 94 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Hatley, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 783 | |||
Initial Cost to Building & Improvements | 851 | |||
Gross Amount, Land & Improvements | 783 | |||
Gross Amount, Building & Improvements | 851 | |||
Gross Amount, Total | 1,634 | |||
Accumulated Depreciation | $ 91 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Pine City, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 792 | |||
Initial Cost to Building & Improvements | 1,173 | |||
Gross Amount, Land & Improvements | 792 | |||
Gross Amount, Building & Improvements | 1,173 | |||
Gross Amount, Total | 1,965 | |||
Accumulated Depreciation | $ 100 | |||
Year Constructed | 1967 | |||
Date Acquired | May 17, 2018 | |||
Convenience Stores | Minocqua, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 371 | |||
Initial Cost to Building & Improvements | 412 | |||
Gross Amount, Land & Improvements | 371 | |||
Gross Amount, Building & Improvements | 412 | |||
Gross Amount, Total | 783 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Rudolph, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 412 | |||
Initial Cost to Building & Improvements | 840 | |||
Gross Amount, Land & Improvements | 412 | |||
Gross Amount, Building & Improvements | 840 | |||
Gross Amount, Total | 1,252 | |||
Accumulated Depreciation | $ 65 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Mountain, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 371 | |||
Initial Cost to Building & Improvements | 663 | |||
Gross Amount, Land & Improvements | 371 | |||
Gross Amount, Building & Improvements | 663 | |||
Gross Amount, Total | 1,034 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Park Falls, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 392 | |||
Initial Cost to Building & Improvements | 1,164 | |||
Gross Amount, Land & Improvements | 392 | |||
Gross Amount, Building & Improvements | 1,164 | |||
Gross Amount, Total | 1,556 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Jonesboro, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,396 | |||
Initial Cost to Building & Improvements | 505 | |||
Gross Amount, Land & Improvements | 1,396 | |||
Gross Amount, Building & Improvements | 505 | |||
Gross Amount, Total | 1,901 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1998 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Weston, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 622 | |||
Initial Cost to Building & Improvements | 843 | |||
Gross Amount, Land & Improvements | 622 | |||
Gross Amount, Building & Improvements | 843 | |||
Gross Amount, Total | 1,465 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 1993 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Wittenberg, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,405 | |||
Initial Cost to Building & Improvements | 1,305 | |||
Gross Amount, Land & Improvements | 1,405 | |||
Gross Amount, Building & Improvements | 1,305 | |||
Gross Amount, Total | 2,710 | |||
Accumulated Depreciation | $ 174 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 15, 2018 | |||
Convenience Stores | Seguin, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 435 | |||
Initial Cost to Building & Improvements | 995 | |||
Gross Amount, Land & Improvements | 435 | |||
Gross Amount, Building & Improvements | 995 | |||
Gross Amount, Total | 1,430 | |||
Accumulated Depreciation | $ 48 | |||
Year Constructed | 1974 | |||
Date Acquired | Sep. 4, 2018 | |||
Convenience Stores | Burleson, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 823 | |||
Initial Cost to Building & Improvements | 1,660 | |||
Gross Amount, Land & Improvements | 823 | |||
Gross Amount, Building & Improvements | 1,660 | |||
Gross Amount, Total | 2,483 | |||
Accumulated Depreciation | $ 91 | |||
Year Constructed | 1985 | |||
Date Acquired | Sep. 4, 2018 | |||
Convenience Stores | Winfield, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 908 | |||
Initial Cost to Building & Improvements | 2,474 | |||
Gross Amount, Land & Improvements | 908 | |||
Gross Amount, Building & Improvements | 2,474 | |||
Gross Amount, Total | 3,382 | |||
Accumulated Depreciation | $ 137 | |||
Year Constructed | 1979 | |||
Date Acquired | Sep. 4, 2018 | |||
Convenience Stores | Phoenix, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,037 | |||
Initial Cost to Building & Improvements | 429 | |||
Gross Amount, Land & Improvements | 1,037 | |||
Gross Amount, Building & Improvements | 429 | |||
Gross Amount, Total | 1,466 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1987 | |||
Date Acquired | Nov. 7, 2018 | |||
Convenience Stores | Centralia, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 568 | |||
Initial Cost to Building & Improvements | 509 | |||
Gross Amount, Land & Improvements | 568 | |||
Gross Amount, Building & Improvements | 509 | |||
Gross Amount, Total | 1,077 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 1976 | |||
Date Acquired | Nov. 7, 2018 | |||
Convenience Stores | Duncanville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 469 | |||
Initial Cost to Building & Improvements | 538 | |||
Gross Amount, Land & Improvements | 469 | |||
Gross Amount, Building & Improvements | 538 | |||
Gross Amount, Total | 1,007 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 1980 | |||
Date Acquired | Nov. 8, 2018 | |||
Convenience Stores | Alpena, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 151 | |||
Initial Cost to Building & Improvements | 667 | |||
Gross Amount, Land & Improvements | 151 | |||
Gross Amount, Building & Improvements | 667 | |||
Gross Amount, Total | 818 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 1970 | |||
Date Acquired | Apr. 19, 2019 | |||
Convenience Stores | Mountain Home, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 171 | |||
Initial Cost to Building & Improvements | 476 | |||
Gross Amount, Land & Improvements | 171 | |||
Gross Amount, Building & Improvements | 476 | |||
Gross Amount, Total | 647 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 1988 | |||
Date Acquired | Apr. 19, 2019 | |||
Convenience Stores | Gassville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 181 | |||
Initial Cost to Building & Improvements | 688 | |||
Gross Amount, Land & Improvements | 181 | |||
Gross Amount, Building & Improvements | 688 | |||
Gross Amount, Total | 869 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 1995 | |||
Date Acquired | Apr. 19, 2019 | |||
Convenience Stores | Mountain Home, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 242 | |||
Initial Cost to Building & Improvements | 747 | |||
Gross Amount, Land & Improvements | 242 | |||
Gross Amount, Building & Improvements | 747 | |||
Gross Amount, Total | 989 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 1977 | |||
Date Acquired | Apr. 19, 2019 | |||
Convenience Stores | New Lexington, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 595 | |||
Initial Cost to Building & Improvements | 832 | |||
Gross Amount, Land & Improvements | 595 | |||
Gross Amount, Building & Improvements | 832 | |||
Gross Amount, Total | 1,427 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Waterford, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 467 | |||
Initial Cost to Building & Improvements | 383 | |||
Gross Amount, Land & Improvements | 467 | |||
Gross Amount, Building & Improvements | 383 | |||
Gross Amount, Total | 850 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Creston, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 596 | |||
Initial Cost to Building & Improvements | 630 | |||
Gross Amount, Land & Improvements | 596 | |||
Gross Amount, Building & Improvements | 630 | |||
Gross Amount, Total | 1,226 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Alexandria, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 425 | |||
Initial Cost to Building & Improvements | 502 | |||
Gross Amount, Land & Improvements | 425 | |||
Gross Amount, Building & Improvements | 502 | |||
Gross Amount, Total | 927 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Richmond, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,132 | |||
Initial Cost to Building & Improvements | 357 | |||
Gross Amount, Land & Improvements | 1,132 | |||
Gross Amount, Building & Improvements | 357 | |||
Gross Amount, Total | 1,489 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Canton, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 782 | |||
Initial Cost to Building & Improvements | 392 | |||
Gross Amount, Land & Improvements | 782 | |||
Gross Amount, Building & Improvements | 392 | |||
Gross Amount, Total | 1,174 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Wooster, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 516 | |||
Initial Cost to Building & Improvements | 862 | |||
Gross Amount, Land & Improvements | 516 | |||
Gross Amount, Building & Improvements | 862 | |||
Gross Amount, Total | 1,378 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Louisville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 571 | |||
Initial Cost to Building & Improvements | 395 | |||
Gross Amount, Land & Improvements | 571 | |||
Gross Amount, Building & Improvements | 395 | |||
Gross Amount, Total | 966 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Fairfield, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 426 | |||
Initial Cost to Building & Improvements | 305 | |||
Gross Amount, Land & Improvements | 426 | |||
Gross Amount, Building & Improvements | 305 | |||
Gross Amount, Total | 731 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Nicholasville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 864 | |||
Initial Cost to Building & Improvements | 264 | |||
Gross Amount, Land & Improvements | 864 | |||
Gross Amount, Building & Improvements | 264 | |||
Gross Amount, Total | 1,128 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Louisville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 634 | |||
Initial Cost to Building & Improvements | 772 | |||
Gross Amount, Land & Improvements | 634 | |||
Gross Amount, Building & Improvements | 772 | |||
Gross Amount, Total | 1,406 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Paris, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 965 | |||
Initial Cost to Building & Improvements | 538 | |||
Gross Amount, Land & Improvements | 965 | |||
Gross Amount, Building & Improvements | 538 | |||
Gross Amount, Total | 1,503 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Fairborn, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 553 | |||
Initial Cost to Building & Improvements | 386 | |||
Gross Amount, Land & Improvements | 553 | |||
Gross Amount, Building & Improvements | 386 | |||
Gross Amount, Total | 939 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Eastlake, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 804 | |||
Initial Cost to Building & Improvements | 861 | |||
Gross Amount, Land & Improvements | 804 | |||
Gross Amount, Building & Improvements | 861 | |||
Gross Amount, Total | 1,665 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Beavercreek, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,066 | |||
Initial Cost to Building & Improvements | 574 | |||
Gross Amount, Land & Improvements | 1,066 | |||
Gross Amount, Building & Improvements | 574 | |||
Gross Amount, Total | 1,640 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Milford, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 675 | |||
Initial Cost to Building & Improvements | 738 | |||
Gross Amount, Land & Improvements | 675 | |||
Gross Amount, Building & Improvements | 738 | |||
Gross Amount, Total | 1,413 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Louisville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 883 | |||
Initial Cost to Building & Improvements | 402 | |||
Gross Amount, Land & Improvements | 883 | |||
Gross Amount, Building & Improvements | 402 | |||
Gross Amount, Total | 1,285 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Wauseon, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 722 | |||
Initial Cost to Building & Improvements | 381 | |||
Gross Amount, Land & Improvements | 722 | |||
Gross Amount, Building & Improvements | 381 | |||
Gross Amount, Total | 1,103 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Milan, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 585 | |||
Initial Cost to Building & Improvements | 770 | |||
Gross Amount, Land & Improvements | 585 | |||
Gross Amount, Building & Improvements | 770 | |||
Gross Amount, Total | 1,355 | |||
Accumulated Depreciation | $ 28 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Canton, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 565 | |||
Initial Cost to Building & Improvements | 767 | |||
Gross Amount, Land & Improvements | 565 | |||
Gross Amount, Building & Improvements | 767 | |||
Gross Amount, Total | 1,332 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Mount Sterling, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 721 | |||
Initial Cost to Building & Improvements | 383 | |||
Gross Amount, Land & Improvements | 721 | |||
Gross Amount, Building & Improvements | 383 | |||
Gross Amount, Total | 1,104 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Lorain, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 696 | |||
Initial Cost to Building & Improvements | 854 | |||
Gross Amount, Land & Improvements | 696 | |||
Gross Amount, Building & Improvements | 854 | |||
Gross Amount, Total | 1,550 | |||
Accumulated Depreciation | $ 32 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Fairdale, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 683 | |||
Initial Cost to Building & Improvements | 711 | |||
Gross Amount, Land & Improvements | 683 | |||
Gross Amount, Building & Improvements | 711 | |||
Gross Amount, Total | 1,394 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | South Bloomfield, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,381 | |||
Initial Cost to Building & Improvements | 894 | |||
Gross Amount, Land & Improvements | 1,381 | |||
Gross Amount, Building & Improvements | 894 | |||
Gross Amount, Total | 2,275 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Newtown, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 373 | |||
Initial Cost to Building & Improvements | 346 | |||
Gross Amount, Land & Improvements | 373 | |||
Gross Amount, Building & Improvements | 346 | |||
Gross Amount, Total | 719 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Hudson, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,270 | |||
Initial Cost to Building & Improvements | 670 | |||
Gross Amount, Land & Improvements | 1,270 | |||
Gross Amount, Building & Improvements | 670 | |||
Gross Amount, Total | 1,940 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Seymour, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 840 | |||
Initial Cost to Building & Improvements | 838 | |||
Gross Amount, Land & Improvements | 840 | |||
Gross Amount, Building & Improvements | 838 | |||
Gross Amount, Total | 1,678 | |||
Accumulated Depreciation | $ 34 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Powell, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 841 | |||
Initial Cost to Building & Improvements | 503 | |||
Gross Amount, Land & Improvements | 841 | |||
Gross Amount, Building & Improvements | 503 | |||
Gross Amount, Total | 1,344 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Avon, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 561 | |||
Initial Cost to Building & Improvements | 392 | |||
Gross Amount, Land & Improvements | 561 | |||
Gross Amount, Building & Improvements | 392 | |||
Gross Amount, Total | 953 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Columbus, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 644 | |||
Initial Cost to Building & Improvements | 702 | |||
Gross Amount, Land & Improvements | 644 | |||
Gross Amount, Building & Improvements | 702 | |||
Gross Amount, Total | 1,346 | |||
Accumulated Depreciation | $ 27 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Louisville, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,119 | |||
Initial Cost to Building & Improvements | 450 | |||
Gross Amount, Land & Improvements | 1,119 | |||
Gross Amount, Building & Improvements | 450 | |||
Gross Amount, Total | 1,569 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Bedford, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 655 | |||
Initial Cost to Building & Improvements | 619 | |||
Gross Amount, Land & Improvements | 655 | |||
Gross Amount, Building & Improvements | 619 | |||
Gross Amount, Total | 1,274 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Elizabethtown, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,446 | |||
Initial Cost to Building & Improvements | 856 | |||
Gross Amount, Land & Improvements | 1,446 | |||
Gross Amount, Building & Improvements | 856 | |||
Gross Amount, Total | 2,302 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 1999 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Parma, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 884 | |||
Initial Cost to Building & Improvements | 903 | |||
Gross Amount, Land & Improvements | 884 | |||
Gross Amount, Building & Improvements | 903 | |||
Gross Amount, Total | 1,787 | |||
Accumulated Depreciation | $ 29 | |||
Year Constructed | 2001 | |||
Date Acquired | Jun. 6, 2019 | |||
Convenience Stores | Deming, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 384 | |||
Initial Cost to Building & Improvements | 676 | |||
Gross Amount, Land & Improvements | 384 | |||
Gross Amount, Building & Improvements | 676 | |||
Gross Amount, Total | 1,060 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 21, 2019 | |||
Convenience Stores | Yuma, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 430 | |||
Initial Cost to Building & Improvements | 990 | |||
Gross Amount, Land & Improvements | 430 | |||
Gross Amount, Building & Improvements | 990 | |||
Gross Amount, Total | 1,420 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1977 | |||
Date Acquired | Jun. 28, 2019 | |||
Convenience Stores | Flippin, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 518 | |||
Initial Cost to Building & Improvements | 269 | |||
Gross Amount, Land & Improvements | 518 | |||
Gross Amount, Building & Improvements | 269 | |||
Gross Amount, Total | 787 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 2004 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Mountain Home,AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 229 | |||
Initial Cost to Building & Improvements | 348 | |||
Gross Amount, Land & Improvements | 229 | |||
Gross Amount, Building & Improvements | 348 | |||
Gross Amount, Total | 577 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1960 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Milan, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 358 | |||
Initial Cost to Building & Improvements | 279 | |||
Gross Amount, Land & Improvements | 358 | |||
Gross Amount, Building & Improvements | 279 | |||
Gross Amount, Total | 637 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 2003 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Wynne, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 378 | |||
Initial Cost to Building & Improvements | 219 | |||
Gross Amount, Land & Improvements | 378 | |||
Gross Amount, Building & Improvements | 219 | |||
Gross Amount, Total | 597 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1992 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Mountain View, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 438 | |||
Initial Cost to Building & Improvements | 2,678 | |||
Gross Amount, Land & Improvements | 438 | |||
Gross Amount, Building & Improvements | 2,678 | |||
Gross Amount, Total | 3,116 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1999 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Bull Shoals, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 319 | |||
Initial Cost to Building & Improvements | 259 | |||
Gross Amount, Land & Improvements | 319 | |||
Gross Amount, Building & Improvements | 259 | |||
Gross Amount, Total | 578 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1999 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Marshall, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 856 | |||
Initial Cost to Building & Improvements | 2,011 | |||
Gross Amount, Land & Improvements | 856 | |||
Gross Amount, Building & Improvements | 2,011 | |||
Gross Amount, Total | 2,867 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 2012 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Mountain Home, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 368 | |||
Initial Cost to Building & Improvements | 378 | |||
Gross Amount, Land & Improvements | 368 | |||
Gross Amount, Building & Improvements | 378 | |||
Gross Amount, Total | 746 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 1999 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Midway, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 388 | |||
Initial Cost to Building & Improvements | 488 | |||
Gross Amount, Land & Improvements | 388 | |||
Gross Amount, Building & Improvements | 488 | |||
Gross Amount, Total | 876 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 1995 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | West Plains, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 159 | |||
Initial Cost to Building & Improvements | 368 | |||
Gross Amount, Land & Improvements | 159 | |||
Gross Amount, Building & Improvements | 368 | |||
Gross Amount, Total | 527 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2000 | |||
Date Acquired | Jul. 16, 2019 | |||
Convenience Stores | Gassville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,178 | |||
Initial Cost to Building & Improvements | 673 | |||
Gross Amount, Land & Improvements | 1,178 | |||
Gross Amount, Building & Improvements | 673 | |||
Gross Amount, Total | 1,851 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | West Plains, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 663 | |||
Initial Cost to Building & Improvements | 327 | |||
Gross Amount, Land & Improvements | 663 | |||
Gross Amount, Building & Improvements | 327 | |||
Gross Amount, Total | 990 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Bald Knob, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,258 | |||
Initial Cost to Building & Improvements | 743 | |||
Gross Amount, Land & Improvements | 1,258 | |||
Gross Amount, Building & Improvements | 743 | |||
Gross Amount, Total | 2,001 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 2006 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Willow Springs, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 663 | |||
Initial Cost to Building & Improvements | 1,327 | |||
Gross Amount, Land & Improvements | 663 | |||
Gross Amount, Building & Improvements | 1,327 | |||
Gross Amount, Total | 1,990 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 2003 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Mountain Home, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 852 | |||
Initial Cost to Building & Improvements | 396 | |||
Gross Amount, Land & Improvements | 852 | |||
Gross Amount, Building & Improvements | 396 | |||
Gross Amount, Total | 1,248 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Calico Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 475 | |||
Initial Cost to Building & Improvements | 327 | |||
Gross Amount, Land & Improvements | 475 | |||
Gross Amount, Building & Improvements | 327 | |||
Gross Amount, Total | 802 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1979 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Wheatley, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 733 | |||
Initial Cost to Building & Improvements | 535 | |||
Gross Amount, Land & Improvements | 733 | |||
Gross Amount, Building & Improvements | 535 | |||
Gross Amount, Total | 1,268 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1993 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Atkins, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 525 | |||
Initial Cost to Building & Improvements | 376 | |||
Gross Amount, Land & Improvements | 525 | |||
Gross Amount, Building & Improvements | 376 | |||
Gross Amount, Total | 901 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1990 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Russellville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 525 | |||
Initial Cost to Building & Improvements | 396 | |||
Gross Amount, Land & Improvements | 525 | |||
Gross Amount, Building & Improvements | 396 | |||
Gross Amount, Total | 921 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 2000 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Harrisburg, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 446 | |||
Initial Cost to Building & Improvements | 842 | |||
Gross Amount, Land & Improvements | 446 | |||
Gross Amount, Building & Improvements | 842 | |||
Gross Amount, Total | 1,288 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 2007 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Horseshoe Bend, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 376 | |||
Initial Cost to Building & Improvements | 327 | |||
Gross Amount, Land & Improvements | 376 | |||
Gross Amount, Building & Improvements | 327 | |||
Gross Amount, Total | 703 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Koshkonong, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 604 | |||
Initial Cost to Building & Improvements | 743 | |||
Gross Amount, Land & Improvements | 604 | |||
Gross Amount, Building & Improvements | 743 | |||
Gross Amount, Total | 1,347 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 1997 | |||
Date Acquired | Sep. 20, 2019 | |||
Convenience Stores | Houston, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 631 | |||
Initial Cost to Building & Improvements | 662 | |||
Gross Amount, Land & Improvements | 631 | |||
Gross Amount, Building & Improvements | 662 | |||
Gross Amount, Total | 1,293 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2009 | |||
Date Acquired | Oct. 11, 2019 | |||
Convenience Stores | Pasadena, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 869 | |||
Initial Cost to Building & Improvements | 2,152 | |||
Gross Amount, Land & Improvements | 869 | |||
Gross Amount, Building & Improvements | 2,152 | |||
Gross Amount, Total | 3,021 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 2016 | |||
Date Acquired | Oct. 11, 2019 | |||
Convenience Stores | Avon, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 673 | |||
Initial Cost to Building & Improvements | 1,204 | |||
Gross Amount, Land & Improvements | 673 | |||
Gross Amount, Building & Improvements | 1,204 | |||
Gross Amount, Total | 1,877 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 1994 | |||
Date Acquired | Oct. 17, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2004 | |||
Convenience Stores | Houston, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 211 | |||
Initial Cost to Building & Improvements | 1,414 | |||
Gross Amount, Land & Improvements | 211 | |||
Gross Amount, Building & Improvements | 1,414 | |||
Gross Amount, Total | 1,625 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1975 | |||
Date Acquired | Nov. 14, 2019 | |||
Convenience Stores | Houston, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 221 | |||
Initial Cost to Building & Improvements | 1,402 | |||
Gross Amount, Land & Improvements | 221 | |||
Gross Amount, Building & Improvements | 1,402 | |||
Gross Amount, Total | 1,623 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1965 | |||
Date Acquired | Nov. 14, 2019 | |||
Convenience Stores | Prairie View, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 241 | |||
Initial Cost to Building & Improvements | 1,178 | |||
Gross Amount, Land & Improvements | 241 | |||
Gross Amount, Building & Improvements | 1,178 | |||
Gross Amount, Total | 1,419 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1984 | |||
Date Acquired | Nov. 14, 2019 | |||
Convenience Stores | Mosinee, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 351 | |||
Initial Cost to Building & Improvements | 812 | |||
Gross Amount, Land & Improvements | 351 | |||
Gross Amount, Building & Improvements | 812 | |||
Gross Amount, Total | 1,163 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1975 | |||
Date Acquired | Dec. 2, 2019 | |||
Convenience Stores | Roscoe, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 656 | |||
Initial Cost to Building & Improvements | 832 | |||
Gross Amount, Land & Improvements | 656 | |||
Gross Amount, Building & Improvements | 832 | |||
Gross Amount, Total | $ 1,488 | |||
Year Constructed | 1999 | |||
Date Acquired | Dec. 27, 2019 | |||
Early Childhood Education | Nashville, TN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,326 | |||
Initial Cost to Building & Improvements | 1,945 | |||
Gross Amount, Land & Improvements | 1,326 | |||
Gross Amount, Building & Improvements | 1,945 | |||
Gross Amount, Total | 3,271 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 1989 | |||
Date Acquired | Jul. 5, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 1996 | |||
Early Childhood Education | Stockbridge, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 645 | |||
Initial Cost to Building & Improvements | 1,345 | |||
Gross Amount, Land & Improvements | 645 | |||
Gross Amount, Building & Improvements | 1,345 | |||
Gross Amount, Total | 1,990 | |||
Accumulated Depreciation | $ 33 | |||
Year Constructed | 2004 | |||
Date Acquired | Mar. 29, 2019 | |||
Early Childhood Education | Winter Garden, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,169 | |||
Initial Cost to Building & Improvements | 4,603 | |||
Gross Amount, Land & Improvements | 1,169 | |||
Gross Amount, Building & Improvements | 4,603 | |||
Gross Amount, Total | 5,772 | |||
Accumulated Depreciation | $ 316 | |||
Year Constructed | 2015 | |||
Date Acquired | Sep. 29, 2017 | |||
Early Childhood Education | Fleming Island, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 872 | |||
Initial Cost to Building & Improvements | 2,523 | |||
Gross Amount, Land & Improvements | 872 | |||
Gross Amount, Building & Improvements | 2,523 | |||
Gross Amount, Total | 3,395 | |||
Accumulated Depreciation | $ 91 | |||
Year Constructed | 2006 | |||
Date Acquired | Sep. 28, 2018 | |||
Early Childhood Education | Cumming, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 876 | |||
Initial Cost to Building & Improvements | 2,357 | |||
Gross Amount, Land & Improvements | 876 | |||
Gross Amount, Building & Improvements | 2,357 | |||
Gross Amount, Total | 3,233 | |||
Accumulated Depreciation | $ 241 | |||
Year Constructed | 2001 | |||
Date Acquired | Sep. 30, 2016 | |||
Early Childhood Education | Suwanee, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 922 | |||
Initial Cost to Building & Improvements | 2,108 | |||
Gross Amount, Land & Improvements | 922 | |||
Gross Amount, Building & Improvements | 2,108 | |||
Gross Amount, Total | 3,030 | |||
Accumulated Depreciation | $ 216 | |||
Year Constructed | 2009 | |||
Date Acquired | Sep. 30, 2016 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 586 | |||
Initial Cost to Building & Improvements | 885 | |||
Gross Amount, Land & Improvements | 586 | |||
Gross Amount, Building & Improvements | 885 | |||
Gross Amount, Total | 1,471 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 1965 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Acworth, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 637 | |||
Initial Cost to Building & Improvements | 1,365 | |||
Gross Amount, Land & Improvements | 637 | |||
Gross Amount, Building & Improvements | 1,365 | |||
Gross Amount, Total | 2,002 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 2000 | |||
Date Acquired | May 18, 2018 | |||
Early Childhood Education | Alpharetta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,595 | |||
Initial Cost to Building & Improvements | 4,177 | |||
Gross Amount, Land & Improvements | 1,595 | |||
Gross Amount, Building & Improvements | 4,177 | |||
Gross Amount, Total | 5,772 | |||
Accumulated Depreciation | $ 383 | |||
Year Constructed | 2016 | |||
Date Acquired | Feb. 28, 2017 | |||
Early Childhood Education | Kernersville, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 605 | |||
Initial Cost to Building & Improvements | 1,408 | |||
Gross Amount, Land & Improvements | 605 | |||
Gross Amount, Building & Improvements | 1,408 | |||
Gross Amount, Total | 2,013 | |||
Accumulated Depreciation | $ 120 | |||
Year Constructed | 1997 | |||
Date Acquired | Apr. 3, 2017 | |||
Early Childhood Education | San Antonio, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 928 | |||
Initial Cost to Building & Improvements | 3,312 | |||
Gross Amount, Land & Improvements | 928 | |||
Gross Amount, Building & Improvements | 3,312 | |||
Gross Amount, Total | 4,240 | |||
Accumulated Depreciation | $ 254 | |||
Year Constructed | 2016 | |||
Date Acquired | Apr. 25, 2017 | |||
Early Childhood Education | Orlando, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,175 | |||
Initial Cost to Building & Improvements | 4,362 | |||
Gross Amount, Land & Improvements | 1,175 | |||
Gross Amount, Building & Improvements | 4,362 | |||
Gross Amount, Total | 5,537 | |||
Accumulated Depreciation | $ 291 | |||
Year Constructed | 2010 | |||
Date Acquired | Aug. 25, 2017 | |||
Early Childhood Education | Lansdowne, VA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,167 | |||
Initial Cost to Building & Improvements | 2,982 | |||
Gross Amount, Land & Improvements | 2,167 | |||
Gross Amount, Building & Improvements | 2,982 | |||
Gross Amount, Total | 5,149 | |||
Accumulated Depreciation | $ 201 | |||
Year Constructed | 2006 | |||
Date Acquired | Dec. 4, 2017 | |||
Early Childhood Education | Overland Park, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,189 | |||
Initial Cost to Building & Improvements | 4,062 | |||
Gross Amount, Land & Improvements | 1,189 | |||
Gross Amount, Building & Improvements | 4,062 | |||
Gross Amount, Total | 5,251 | |||
Accumulated Depreciation | $ 262 | |||
Year Constructed | 2017 | |||
Date Acquired | Dec. 8, 2017 | |||
Early Childhood Education | Dublin, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 740 | |||
Initial Cost to Building & Improvements | 2,934 | |||
Gross Amount, Land & Improvements | 740 | |||
Gross Amount, Building & Improvements | 2,934 | |||
Gross Amount, Total | 3,674 | |||
Accumulated Depreciation | $ 163 | |||
Year Constructed | 2008 | |||
Date Acquired | Mar. 13, 2018 | |||
Early Childhood Education | Southaven, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,060 | |||
Initial Cost to Building & Improvements | 1,496 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 124 | |||
Gross Amount, Land & Improvements | 1,060 | |||
Gross Amount, Building & Improvements | 1,620 | |||
Gross Amount, Total | 2,680 | |||
Accumulated Depreciation | $ 104 | |||
Year Constructed | 2002 | |||
Date Acquired | Dec. 29, 2017 | |||
Early Childhood Education | Trumbull, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 864 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 206 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 3,392 | |||
Gross Amount, Land & Improvements | 1,070 | |||
Gross Amount, Building & Improvements | 3,392 | |||
Gross Amount, Total | 4,462 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 2018 | |||
Date Acquired | Jan. 31, 2018 | |||
Early Childhood Education | Burlington, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 432 | |||
Initial Cost to Building & Improvements | 1,408 | |||
Gross Amount, Land & Improvements | 432 | |||
Gross Amount, Building & Improvements | 1,408 | |||
Gross Amount, Total | 1,840 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 2004 | |||
Date Acquired | Mar. 9, 2018 | |||
Early Childhood Education | Canton, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 730 | |||
Initial Cost to Building & Improvements | 761 | |||
Gross Amount, Land & Improvements | 730 | |||
Gross Amount, Building & Improvements | 761 | |||
Gross Amount, Total | 1,491 | |||
Accumulated Depreciation | $ 61 | |||
Year Constructed | 1979 | |||
Date Acquired | Mar. 9, 2018 | |||
Early Childhood Education | Farmington, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 278 | |||
Initial Cost to Building & Improvements | 1,459 | |||
Gross Amount, Land & Improvements | 278 | |||
Gross Amount, Building & Improvements | 1,459 | |||
Gross Amount, Total | 1,737 | |||
Accumulated Depreciation | $ 83 | |||
Year Constructed | 1985 | |||
Date Acquired | Mar. 9, 2018 | |||
Early Childhood Education | San Antonio, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 482 | |||
Initial Cost to Building & Improvements | 1,496 | |||
Gross Amount, Land & Improvements | 482 | |||
Gross Amount, Building & Improvements | 1,496 | |||
Gross Amount, Total | 1,978 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 2007 | |||
Date Acquired | Mar. 29, 2018 | |||
Early Childhood Education | Byron Center, MI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 513 | |||
Initial Cost to Building & Improvements | 1,591 | |||
Gross Amount, Land & Improvements | 513 | |||
Gross Amount, Building & Improvements | 1,591 | |||
Gross Amount, Total | 2,104 | |||
Accumulated Depreciation | $ 101 | |||
Year Constructed | 2012 | |||
Date Acquired | Apr. 9, 2018 | |||
Early Childhood Education | Springfield, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,313 | |||
Initial Cost to Building & Improvements | 1,663 | |||
Gross Amount, Land & Improvements | 1,313 | |||
Gross Amount, Building & Improvements | 1,663 | |||
Gross Amount, Total | 2,976 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 2007 | |||
Date Acquired | Oct. 31, 2019 | |||
Early Childhood Education | Malvern, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 701 | |||
Initial Cost to Building & Improvements | 2,084 | |||
Gross Amount, Land & Improvements | 701 | |||
Gross Amount, Building & Improvements | 2,084 | |||
Gross Amount, Total | 2,785 | |||
Accumulated Depreciation | $ 109 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Frazer, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 730 | |||
Initial Cost to Building & Improvements | 2,276 | |||
Gross Amount, Land & Improvements | 730 | |||
Gross Amount, Building & Improvements | 2,276 | |||
Gross Amount, Total | 3,006 | |||
Accumulated Depreciation | $ 114 | |||
Year Constructed | 1998 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Glen Mills, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 3,938 | |||
Initial Cost to Building & Improvements | 3,246 | |||
Gross Amount, Land & Improvements | 3,938 | |||
Gross Amount, Building & Improvements | 3,246 | |||
Gross Amount, Total | 7,184 | |||
Accumulated Depreciation | $ 225 | |||
Year Constructed | 1992 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Erial, NJ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 740 | |||
Initial Cost to Building & Improvements | 1,546 | |||
Gross Amount, Land & Improvements | 740 | |||
Gross Amount, Building & Improvements | 1,546 | |||
Gross Amount, Total | 2,286 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Exton, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 442 | |||
Initial Cost to Building & Improvements | 2,007 | |||
Gross Amount, Land & Improvements | 442 | |||
Gross Amount, Building & Improvements | 2,007 | |||
Gross Amount, Total | 2,449 | |||
Accumulated Depreciation | $ 93 | |||
Year Constructed | 2000 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Voorhees, NJ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 509 | |||
Initial Cost to Building & Improvements | 1,892 | |||
Gross Amount, Land & Improvements | 509 | |||
Gross Amount, Building & Improvements | 1,892 | |||
Gross Amount, Total | 2,401 | |||
Accumulated Depreciation | $ 92 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Royersford, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 259 | |||
Initial Cost to Building & Improvements | 1,892 | |||
Gross Amount, Land & Improvements | 259 | |||
Gross Amount, Building & Improvements | 1,892 | |||
Gross Amount, Total | 2,151 | |||
Accumulated Depreciation | $ 83 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | West Norriton, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 557 | |||
Initial Cost to Building & Improvements | 1,998 | |||
Gross Amount, Land & Improvements | 557 | |||
Gross Amount, Building & Improvements | 1,998 | |||
Gross Amount, Total | 2,555 | |||
Accumulated Depreciation | $ 94 | |||
Year Constructed | 2003 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | King of Prussia, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 490 | |||
Initial Cost to Building & Improvements | 2,171 | |||
Gross Amount, Land & Improvements | 490 | |||
Gross Amount, Building & Improvements | 2,171 | |||
Gross Amount, Total | 2,661 | |||
Accumulated Depreciation | $ 96 | |||
Year Constructed | 2004 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Downingtown, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 605 | |||
Initial Cost to Building & Improvements | 2,219 | |||
Gross Amount, Land & Improvements | 605 | |||
Gross Amount, Building & Improvements | 2,219 | |||
Gross Amount, Total | 2,824 | |||
Accumulated Depreciation | $ 103 | |||
Year Constructed | 2007 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Collegeville, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 423 | |||
Initial Cost to Building & Improvements | 1,940 | |||
Gross Amount, Land & Improvements | 423 | |||
Gross Amount, Building & Improvements | 1,940 | |||
Gross Amount, Total | 2,363 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 2008 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Phoenixville, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,431 | |||
Initial Cost to Building & Improvements | 4,466 | |||
Gross Amount, Land & Improvements | 1,431 | |||
Gross Amount, Building & Improvements | 4,466 | |||
Gross Amount, Total | 5,897 | |||
Accumulated Depreciation | $ 219 | |||
Year Constructed | 2010 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Blue Bell, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 788 | |||
Initial Cost to Building & Improvements | 3,218 | |||
Gross Amount, Land & Improvements | 788 | |||
Gross Amount, Building & Improvements | 3,218 | |||
Gross Amount, Total | 4,006 | |||
Accumulated Depreciation | $ 143 | |||
Year Constructed | 1967 | |||
Date Acquired | Jun. 28, 2018 | |||
Early Childhood Education | Surprise, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,546 | |||
Initial Cost to Building & Improvements | 1,736 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 21 | |||
Gross Amount, Land & Improvements | 1,546 | |||
Gross Amount, Building & Improvements | 1,757 | |||
Gross Amount, Total | 3,303 | |||
Accumulated Depreciation | $ 89 | |||
Year Constructed | 2008 | |||
Date Acquired | Jun. 21, 2018 | |||
Early Childhood Education | Duluth, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 843 | |||
Initial Cost to Building & Improvements | 2,539 | |||
Gross Amount, Land & Improvements | 843 | |||
Gross Amount, Building & Improvements | 2,539 | |||
Gross Amount, Total | 3,382 | |||
Accumulated Depreciation | $ 55 | |||
Year Constructed | 1994 | |||
Date Acquired | Mar. 29, 2019 | |||
Early Childhood Education | Eden Prairie, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,264 | |||
Initial Cost to Building & Improvements | 1,651 | |||
Gross Amount, Land & Improvements | 1,264 | |||
Gross Amount, Building & Improvements | 1,651 | |||
Gross Amount, Total | 2,915 | |||
Accumulated Depreciation | $ 106 | |||
Year Constructed | 1995 | |||
Date Acquired | Aug. 10, 2018 | |||
Early Childhood Education | San Antonio, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 617 | |||
Initial Cost to Building & Improvements | 2,258 | |||
Gross Amount, Land & Improvements | 617 | |||
Gross Amount, Building & Improvements | 2,258 | |||
Gross Amount, Total | 2,875 | |||
Accumulated Depreciation | $ 95 | |||
Year Constructed | 2008 | |||
Date Acquired | Sep. 14, 2018 | |||
Early Childhood Education | Colleyville, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 695 | |||
Initial Cost to Building & Improvements | 1,022 | |||
Gross Amount, Land & Improvements | 695 | |||
Gross Amount, Building & Improvements | 1,022 | |||
Gross Amount, Total | 1,717 | |||
Accumulated Depreciation | $ 47 | |||
Year Constructed | 1997 | |||
Date Acquired | Sep. 18, 2018 | |||
Early Childhood Education | Macon, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 538 | |||
Initial Cost to Building & Improvements | 1,067 | |||
Gross Amount, Land & Improvements | 538 | |||
Gross Amount, Building & Improvements | 1,067 | |||
Gross Amount, Total | 1,605 | |||
Accumulated Depreciation | $ 45 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 14, 2018 | |||
Early Childhood Education | Ashburn, VA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 898 | |||
Initial Cost to Building & Improvements | 671 | |||
Gross Amount, Land & Improvements | 898 | |||
Gross Amount, Building & Improvements | 671 | |||
Gross Amount, Total | 1,569 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 2001 | |||
Date Acquired | Sep. 28, 2018 | |||
Early Childhood Education | St. Augustine, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 183 | |||
Initial Cost to Building & Improvements | 1,436 | |||
Gross Amount, Land & Improvements | 183 | |||
Gross Amount, Building & Improvements | 1,436 | |||
Gross Amount, Total | 1,619 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 2016 | |||
Date Acquired | Mar. 8, 2019 | |||
Early Childhood Education | McDonough, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 604 | |||
Initial Cost to Building & Improvements | 2,065 | |||
Gross Amount, Land & Improvements | 604 | |||
Gross Amount, Building & Improvements | 2,065 | |||
Gross Amount, Total | 2,669 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 2002 | |||
Date Acquired | Nov. 2, 2018 | |||
Early Childhood Education | Canton, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 504 | |||
Initial Cost to Building & Improvements | 2,079 | |||
Gross Amount, Land & Improvements | 504 | |||
Gross Amount, Building & Improvements | 2,079 | |||
Gross Amount, Total | 2,583 | |||
Accumulated Depreciation | $ 78 | |||
Year Constructed | 2006 | |||
Date Acquired | Nov. 9, 2018 | |||
Early Childhood Education | Arlington, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,296 | |||
Initial Cost to Building & Improvements | 3,239 | |||
Gross Amount, Land & Improvements | 1,296 | |||
Gross Amount, Building & Improvements | 3,239 | |||
Gross Amount, Total | 4,535 | |||
Accumulated Depreciation | $ 103 | |||
Year Constructed | 1989 | |||
Date Acquired | Dec. 27, 2018 | |||
Early Childhood Education | Olive Branch, MS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,027 | |||
Initial Cost to Building & Improvements | 1,050 | |||
Gross Amount, Land & Improvements | 1,027 | |||
Gross Amount, Building & Improvements | 1,050 | |||
Gross Amount, Total | 2,077 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2009 | |||
Date Acquired | Dec. 5, 2018 | |||
Early Childhood Education | Manchester, CT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 915 | |||
Initial Cost to Building & Improvements | 939 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 568 | |||
Gross Amount, Land & Improvements | 915 | |||
Gross Amount, Building & Improvements | 1,507 | |||
Gross Amount, Total | 2,422 | |||
Accumulated Depreciation | $ 35 | |||
Year Constructed | 1977 | |||
Date Acquired | Dec. 7, 2018 | |||
Early Childhood Education | Macon, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 508 | |||
Initial Cost to Building & Improvements | 1,067 | |||
Gross Amount, Land & Improvements | 508 | |||
Gross Amount, Building & Improvements | 1,067 | |||
Gross Amount, Total | 1,575 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 2008 | |||
Date Acquired | Dec. 14, 2018 | |||
Early Childhood Education | Gilbert, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,074 | |||
Gross Amount, Land & Improvements | 1,074 | |||
Gross Amount, Total | $ 1,074 | |||
Date Acquired | Jan. 29, 2019 | |||
Early Childhood Education | Garner, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 378 | |||
Initial Cost to Building & Improvements | 1,962 | |||
Gross Amount, Land & Improvements | 378 | |||
Gross Amount, Building & Improvements | 1,962 | |||
Gross Amount, Total | 2,340 | |||
Accumulated Depreciation | $ 49 | |||
Year Constructed | 1998 | |||
Date Acquired | Feb. 28, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2007 | |||
Early Childhood Education | St. Augustine, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 611 | |||
Initial Cost to Building & Improvements | 2,149 | |||
Gross Amount, Land & Improvements | 611 | |||
Gross Amount, Building & Improvements | 2,149 | |||
Gross Amount, Total | 2,760 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2006 | |||
Date Acquired | Mar. 8, 2019 | |||
Early Childhood Education | St. Augustine, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,385 | |||
Initial Cost to Building & Improvements | 2,108 | |||
Gross Amount, Land & Improvements | 1,385 | |||
Gross Amount, Building & Improvements | 2,108 | |||
Gross Amount, Total | 3,493 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 1981 | |||
Date Acquired | Mar. 8, 2019 | |||
Early Childhood Education | Alpharetta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 835 | |||
Initial Cost to Building & Improvements | 865 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 400 | |||
Gross Amount, Land & Improvements | 835 | |||
Gross Amount, Building & Improvements | 1,265 | |||
Gross Amount, Total | 2,100 | |||
Accumulated Depreciation | $ 22 | |||
Year Constructed | 1999 | |||
Date Acquired | Apr. 30, 2019 | |||
Early Childhood Education | Johns Creek, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,137 | |||
Initial Cost to Building & Improvements | 744 | |||
Gross Amount, Land & Improvements | 1,137 | |||
Gross Amount, Building & Improvements | 744 | |||
Gross Amount, Total | 1,881 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 2004 | |||
Date Acquired | Apr. 30, 2019 | |||
Early Childhood Education | Coral Springs, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,939 | |||
Initial Cost to Building & Improvements | 2,639 | |||
Gross Amount, Land & Improvements | 1,939 | |||
Gross Amount, Building & Improvements | 2,639 | |||
Gross Amount, Total | 4,578 | |||
Accumulated Depreciation | $ 53 | |||
Year Constructed | 2004 | |||
Date Acquired | May 31, 2019 | |||
Early Childhood Education | Olympia, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 377 | |||
Initial Cost to Building & Improvements | 1,569 | |||
Gross Amount, Land & Improvements | 377 | |||
Gross Amount, Building & Improvements | 1,569 | |||
Gross Amount, Total | 1,946 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Tumwater, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 665 | |||
Initial Cost to Building & Improvements | 1,003 | |||
Gross Amount, Land & Improvements | 665 | |||
Gross Amount, Building & Improvements | 1,003 | |||
Gross Amount, Total | 1,668 | |||
Accumulated Depreciation | $ 15 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Klamath Falls, OR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 447 | |||
Initial Cost to Building & Improvements | 1,202 | |||
Gross Amount, Land & Improvements | 447 | |||
Gross Amount, Building & Improvements | 1,202 | |||
Gross Amount, Total | 1,649 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 2010 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Gig Harbor, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 546 | |||
Initial Cost to Building & Improvements | 665 | |||
Gross Amount, Land & Improvements | 546 | |||
Gross Amount, Building & Improvements | 665 | |||
Gross Amount, Total | 1,211 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1990 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Olympia, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 477 | |||
Initial Cost to Building & Improvements | 566 | |||
Gross Amount, Land & Improvements | 477 | |||
Gross Amount, Building & Improvements | 566 | |||
Gross Amount, Total | 1,043 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Tacoma, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 427 | |||
Initial Cost to Building & Improvements | 1,410 | |||
Gross Amount, Land & Improvements | 427 | |||
Gross Amount, Building & Improvements | 1,410 | |||
Gross Amount, Total | 1,837 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1987 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Olympia, WA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 218 | |||
Initial Cost to Building & Improvements | 506 | |||
Gross Amount, Land & Improvements | 218 | |||
Gross Amount, Building & Improvements | 506 | |||
Gross Amount, Total | 724 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 1924 | |||
Date Acquired | Jun. 27, 2019 | |||
Early Childhood Education | Myrtle Beach, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 319 | |||
Initial Cost to Building & Improvements | 532 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 36 | |||
Gross Amount, Land & Improvements | 319 | |||
Gross Amount, Building & Improvements | 568 | |||
Gross Amount, Total | 887 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1999 | |||
Date Acquired | Jul. 5, 2019 | |||
Early Childhood Education | Schaumburg, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 866 | |||
Gross Amount, Land & Improvements | 866 | |||
Gross Amount, Total | $ 866 | |||
Date Acquired | Aug. 30, 2019 | |||
Early Childhood Education | Frankfort, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 387 | |||
Initial Cost to Building & Improvements | 1,224 | |||
Gross Amount, Land & Improvements | 387 | |||
Gross Amount, Building & Improvements | 1,224 | |||
Gross Amount, Total | 1,611 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 2002 | |||
Date Acquired | Sep. 27, 2019 | |||
Early Childhood Education | Leawood, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 867 | |||
Initial Cost to Building & Improvements | 851 | |||
Gross Amount, Land & Improvements | 867 | |||
Gross Amount, Building & Improvements | 851 | |||
Gross Amount, Total | 1,718 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 2007 | |||
Date Acquired | Sep. 30, 2019 | |||
Early Childhood Education | Conway, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 201 | |||
Gross Amount, Land & Improvements | 201 | |||
Gross Amount, Total | $ 201 | |||
Date Acquired | Oct. 17, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 339 | |||
Initial Cost to Building & Improvements | 730 | |||
Gross Amount, Land & Improvements | 339 | |||
Gross Amount, Building & Improvements | 730 | |||
Gross Amount, Total | 1,069 | |||
Accumulated Depreciation | $ 4 | |||
Year Constructed | 1975 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 463 | |||
Initial Cost to Building & Improvements | 1,440 | |||
Gross Amount, Land & Improvements | 463 | |||
Gross Amount, Building & Improvements | 1,440 | |||
Gross Amount, Total | 1,903 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1985 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tempe, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 494 | |||
Initial Cost to Building & Improvements | 586 | |||
Gross Amount, Land & Improvements | 494 | |||
Gross Amount, Building & Improvements | 586 | |||
Gross Amount, Total | 1,080 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1971 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 401 | |||
Initial Cost to Building & Improvements | 453 | |||
Gross Amount, Land & Improvements | 401 | |||
Gross Amount, Building & Improvements | 453 | |||
Gross Amount, Total | 854 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1971 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 411 | |||
Initial Cost to Building & Improvements | 411 | |||
Gross Amount, Land & Improvements | 411 | |||
Gross Amount, Building & Improvements | 411 | |||
Gross Amount, Total | 822 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1932 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 422 | |||
Initial Cost to Building & Improvements | 576 | |||
Gross Amount, Land & Improvements | 422 | |||
Gross Amount, Building & Improvements | 576 | |||
Gross Amount, Total | 998 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1986 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 444 | |||
Initial Cost to Building & Improvements | 566 | |||
Gross Amount, Land & Improvements | 444 | |||
Gross Amount, Building & Improvements | 566 | |||
Gross Amount, Total | 1,010 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1958 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 370 | |||
Initial Cost to Building & Improvements | 288 | |||
Gross Amount, Land & Improvements | 370 | |||
Gross Amount, Building & Improvements | 288 | |||
Gross Amount, Total | 658 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1976 | |||
Date Acquired | Nov. 5, 2019 | |||
Early Childhood Education | Boulder, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 742 | |||
Initial Cost to Building & Improvements | 801 | |||
Gross Amount, Land & Improvements | 742 | |||
Gross Amount, Building & Improvements | 801 | |||
Gross Amount, Total | 1,543 | |||
Accumulated Depreciation | $ 2 | |||
Year Constructed | 1988 | |||
Date Acquired | Dec. 13, 2019 | |||
Movie Theatres | Florence, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,519 | |||
Initial Cost to Building & Improvements | 6,294 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 117 | |||
Gross Amount, Land & Improvements | 1,636 | |||
Gross Amount, Building & Improvements | 6,294 | |||
Gross Amount, Total | 7,930 | |||
Accumulated Depreciation | $ 629 | |||
Year Constructed | 2015 | |||
Date Acquired | Dec. 19, 2016 | |||
Movie Theatres | North Myrtle Beach, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,465 | |||
Initial Cost to Building & Improvements | 7,081 | |||
Gross Amount, Land & Improvements | 1,465 | |||
Gross Amount, Building & Improvements | 7,081 | |||
Gross Amount, Total | 8,546 | |||
Accumulated Depreciation | $ 546 | |||
Year Constructed | 2006 | |||
Date Acquired | Jan. 31, 2017 | |||
Movie Theatres | Kenosha, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 3,159 | |||
Initial Cost to Building & Improvements | 3,755 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 116 | |||
Gross Amount, Land & Improvements | 3,275 | |||
Gross Amount, Building & Improvements | 3,755 | |||
Gross Amount, Total | 7,030 | |||
Accumulated Depreciation | $ 362 | |||
Year Constructed | 1997 | |||
Date Acquired | Jun. 8, 2017 | |||
Movie Theatres | Dublin, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,126 | |||
Initial Cost to Building & Improvements | 10,097 | |||
Gross Amount, Land & Improvements | 2,126 | |||
Gross Amount, Building & Improvements | 10,097 | |||
Gross Amount, Total | 12,223 | |||
Accumulated Depreciation | $ 596 | |||
Year Constructed | 1994 | |||
Date Acquired | Dec. 15, 2017 | |||
Movie Theatres | Shelby, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,826 | |||
Initial Cost to Building & Improvements | 2,798 | |||
Gross Amount, Land & Improvements | 1,826 | |||
Gross Amount, Building & Improvements | 2,798 | |||
Gross Amount, Total | 4,624 | |||
Accumulated Depreciation | $ 174 | |||
Year Constructed | 2004 | |||
Date Acquired | Mar. 22, 2018 | |||
Movie Theatres | Decatur, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,491 | |||
Initial Cost to Building & Improvements | 4,350 | |||
Gross Amount, Land & Improvements | 1,491 | |||
Gross Amount, Building & Improvements | 4,350 | |||
Gross Amount, Total | 5,841 | |||
Accumulated Depreciation | $ 253 | |||
Year Constructed | 2013 | |||
Date Acquired | May 10, 2018 | |||
Car Washes | Marietta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,302 | |||
Initial Cost to Building & Improvements | 2,136 | |||
Gross Amount, Land & Improvements | 1,302 | |||
Gross Amount, Building & Improvements | 2,136 | |||
Gross Amount, Total | 3,438 | |||
Accumulated Depreciation | $ 211 | |||
Year Constructed | 2002 | |||
Date Acquired | Oct. 17, 2016 | |||
Car Washes | Decatur, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 828 | |||
Initial Cost to Building & Improvements | 2,029 | |||
Gross Amount, Land & Improvements | 828 | |||
Gross Amount, Building & Improvements | 2,029 | |||
Gross Amount, Total | 2,857 | |||
Accumulated Depreciation | $ 107 | |||
Year Constructed | 2007 | |||
Date Acquired | Jul. 26, 2018 | |||
Car Washes | Conyers, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,136 | |||
Initial Cost to Building & Improvements | 4,332 | |||
Gross Amount, Land & Improvements | 1,136 | |||
Gross Amount, Building & Improvements | 4,332 | |||
Gross Amount, Total | 5,468 | |||
Accumulated Depreciation | $ 410 | |||
Year Constructed | 2013 | |||
Date Acquired | Jan. 24, 2017 | |||
Car Washes | Covington, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 824 | |||
Initial Cost to Building & Improvements | 3,759 | |||
Gross Amount, Land & Improvements | 824 | |||
Gross Amount, Building & Improvements | 3,759 | |||
Gross Amount, Total | 4,583 | |||
Accumulated Depreciation | $ 368 | |||
Year Constructed | 2011 | |||
Date Acquired | Jan. 24, 2017 | |||
Car Washes | Little Rock, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 685 | |||
Initial Cost to Building & Improvements | 3,361 | |||
Gross Amount, Land & Improvements | 685 | |||
Gross Amount, Building & Improvements | 3,361 | |||
Gross Amount, Total | 4,046 | |||
Accumulated Depreciation | $ 216 | |||
Year Constructed | 1976 | |||
Date Acquired | Sep. 12, 2017 | |||
Car Washes | Augusta, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 703 | |||
Initial Cost to Building & Improvements | 1,504 | |||
Gross Amount, Land & Improvements | 703 | |||
Gross Amount, Building & Improvements | 1,504 | |||
Gross Amount, Total | 2,207 | |||
Accumulated Depreciation | $ 13 | |||
Year Constructed | 2008 | |||
Date Acquired | Sep. 26, 2019 | |||
Car Washes | Douglasville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,974 | |||
Initial Cost to Building & Improvements | 2,882 | |||
Gross Amount, Land & Improvements | 1,974 | |||
Gross Amount, Building & Improvements | 2,882 | |||
Gross Amount, Total | 4,856 | |||
Accumulated Depreciation | $ 284 | |||
Year Constructed | 2006 | |||
Date Acquired | Oct. 17, 2016 | |||
Car Washes | Hiram, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,376 | |||
Initial Cost to Building & Improvements | 2,947 | |||
Gross Amount, Land & Improvements | 1,376 | |||
Gross Amount, Building & Improvements | 2,947 | |||
Gross Amount, Total | 4,323 | |||
Accumulated Depreciation | $ 290 | |||
Year Constructed | 2004 | |||
Date Acquired | Oct. 17, 2016 | |||
Car Washes | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,048 | |||
Initial Cost to Building & Improvements | 2,190 | |||
Gross Amount, Land & Improvements | 1,048 | |||
Gross Amount, Building & Improvements | 2,190 | |||
Gross Amount, Total | 3,238 | |||
Accumulated Depreciation | $ 210 | |||
Year Constructed | 2010 | |||
Date Acquired | Nov. 9, 2016 | |||
Car Washes | Acworth, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,346 | |||
Initial Cost to Building & Improvements | 2,615 | |||
Gross Amount, Land & Improvements | 1,346 | |||
Gross Amount, Building & Improvements | 2,615 | |||
Gross Amount, Total | 3,961 | |||
Accumulated Depreciation | $ 258 | |||
Year Constructed | 2006 | |||
Date Acquired | Oct. 17, 2016 | |||
Car Washes | Anderson, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 793 | |||
Initial Cost to Building & Improvements | 4,031 | |||
Gross Amount, Land & Improvements | 793 | |||
Gross Amount, Building & Improvements | 4,031 | |||
Gross Amount, Total | 4,824 | |||
Accumulated Depreciation | $ 266 | |||
Year Constructed | 2008 | |||
Date Acquired | Sep. 26, 2017 | |||
Car Washes | Bossier City, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 463 | |||
Initial Cost to Building & Improvements | 2,637 | |||
Gross Amount, Land & Improvements | 463 | |||
Gross Amount, Building & Improvements | 2,637 | |||
Gross Amount, Total | 3,100 | |||
Accumulated Depreciation | $ 213 | |||
Year Constructed | 2010 | |||
Date Acquired | Mar. 22, 2017 | |||
Car Washes | Shreveport, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 836 | |||
Initial Cost to Building & Improvements | 2,812 | |||
Gross Amount, Land & Improvements | 836 | |||
Gross Amount, Building & Improvements | 2,812 | |||
Gross Amount, Total | 3,648 | |||
Accumulated Depreciation | $ 239 | |||
Year Constructed | 2012 | |||
Date Acquired | Mar. 22, 2017 | |||
Car Washes | Huntingtown, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 984 | |||
Initial Cost to Building & Improvements | 1,857 | |||
Gross Amount, Land & Improvements | 984 | |||
Gross Amount, Building & Improvements | 1,857 | |||
Gross Amount, Total | 2,841 | |||
Accumulated Depreciation | $ 166 | |||
Year Constructed | 1998 | |||
Date Acquired | Mar. 28, 2017 | |||
Car Washes | Las Cruces, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 510 | |||
Initial Cost to Building & Improvements | 2,290 | |||
Gross Amount, Land & Improvements | 510 | |||
Gross Amount, Building & Improvements | 2,290 | |||
Gross Amount, Total | 2,800 | |||
Accumulated Depreciation | $ 184 | |||
Year Constructed | 2008 | |||
Date Acquired | May 24, 2017 | |||
Car Washes | Las Cruces, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 570 | |||
Initial Cost to Building & Improvements | 2,187 | |||
Gross Amount, Land & Improvements | 570 | |||
Gross Amount, Building & Improvements | 2,187 | |||
Gross Amount, Total | 2,757 | |||
Accumulated Depreciation | $ 176 | |||
Year Constructed | 2010 | |||
Date Acquired | May 24, 2017 | |||
Car Washes | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 634 | |||
Initial Cost to Building & Improvements | 4,945 | |||
Gross Amount, Land & Improvements | 634 | |||
Gross Amount, Building & Improvements | 4,945 | |||
Gross Amount, Total | 5,579 | |||
Accumulated Depreciation | $ 398 | |||
Year Constructed | 2005 | |||
Date Acquired | Jun. 6, 2017 | |||
Car Washes | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 746 | |||
Initial Cost to Building & Improvements | 2,795 | |||
Gross Amount, Land & Improvements | 746 | |||
Gross Amount, Building & Improvements | 2,795 | |||
Gross Amount, Total | 3,541 | |||
Accumulated Depreciation | $ 225 | |||
Year Constructed | 2013 | |||
Date Acquired | Jun. 6, 2017 | |||
Car Washes | Pueblo, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 898 | |||
Initial Cost to Building & Improvements | 5,103 | |||
Gross Amount, Land & Improvements | 898 | |||
Gross Amount, Building & Improvements | 5,103 | |||
Gross Amount, Total | 6,001 | |||
Accumulated Depreciation | $ 410 | |||
Year Constructed | 2008 | |||
Date Acquired | Jun. 6, 2017 | |||
Car Washes | Ocala, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,383 | |||
Initial Cost to Building & Improvements | 2,644 | |||
Gross Amount, Land & Improvements | 1,383 | |||
Gross Amount, Building & Improvements | 2,644 | |||
Gross Amount, Total | 4,027 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 10, 2019 | |||
Car Washes | Buford, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,353 | |||
Initial Cost to Building & Improvements | 3,693 | |||
Gross Amount, Land & Improvements | 1,353 | |||
Gross Amount, Building & Improvements | 3,693 | |||
Gross Amount, Total | 5,046 | |||
Accumulated Depreciation | $ 297 | |||
Year Constructed | 2010 | |||
Date Acquired | Aug. 15, 2017 | |||
Car Washes | Bryant, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 489 | |||
Initial Cost to Building & Improvements | 2,790 | |||
Gross Amount, Land & Improvements | 489 | |||
Gross Amount, Building & Improvements | 2,790 | |||
Gross Amount, Total | 3,279 | |||
Accumulated Depreciation | $ 173 | |||
Year Constructed | 1997 | |||
Date Acquired | Sep. 20, 2017 | |||
Car Washes | Cornelia, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 470 | |||
Initial Cost to Building & Improvements | 2,670 | |||
Gross Amount, Land & Improvements | 470 | |||
Gross Amount, Building & Improvements | 2,670 | |||
Gross Amount, Total | 3,140 | |||
Accumulated Depreciation | $ 177 | |||
Year Constructed | 2001 | |||
Date Acquired | Sep. 26, 2017 | |||
Car Washes | South Commerce, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 607 | |||
Initial Cost to Building & Improvements | 3,072 | |||
Gross Amount, Land & Improvements | 607 | |||
Gross Amount, Building & Improvements | 3,072 | |||
Gross Amount, Total | 3,679 | |||
Accumulated Depreciation | $ 207 | |||
Year Constructed | 2016 | |||
Date Acquired | Sep. 26, 2017 | |||
Car Washes | Seneca, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 255 | |||
Initial Cost to Building & Improvements | 2,994 | |||
Gross Amount, Land & Improvements | 255 | |||
Gross Amount, Building & Improvements | 2,994 | |||
Gross Amount, Total | 3,249 | |||
Accumulated Depreciation | $ 186 | |||
Year Constructed | 2005 | |||
Date Acquired | Sep. 26, 2017 | |||
Car Washes | Greenville, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 715 | |||
Initial Cost to Building & Improvements | 2,724 | |||
Gross Amount, Land & Improvements | 715 | |||
Gross Amount, Building & Improvements | 2,724 | |||
Gross Amount, Total | 3,439 | |||
Accumulated Depreciation | $ 181 | |||
Year Constructed | 2005 | |||
Date Acquired | Sep. 26, 2017 | |||
Car Washes | Springdale, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 597 | |||
Initial Cost to Building & Improvements | 1,908 | |||
Gross Amount, Land & Improvements | 597 | |||
Gross Amount, Building & Improvements | 1,908 | |||
Gross Amount, Total | 2,505 | |||
Accumulated Depreciation | $ 137 | |||
Year Constructed | 2009 | |||
Date Acquired | Sep. 29, 2017 | |||
Car Washes | Rogers, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 763 | |||
Initial Cost to Building & Improvements | 2,663 | |||
Gross Amount, Land & Improvements | 763 | |||
Gross Amount, Building & Improvements | 2,663 | |||
Gross Amount, Total | 3,426 | |||
Accumulated Depreciation | $ 181 | |||
Year Constructed | 2005 | |||
Date Acquired | Sep. 29, 2017 | |||
Car Washes | Shreveport, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 460 | |||
Initial Cost to Building & Improvements | 2,615 | |||
Gross Amount, Land & Improvements | 460 | |||
Gross Amount, Building & Improvements | 2,615 | |||
Gross Amount, Total | 3,075 | |||
Accumulated Depreciation | $ 176 | |||
Year Constructed | 2017 | |||
Date Acquired | Sep. 29, 2017 | |||
Car Washes | Fayetteville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 567 | |||
Initial Cost to Building & Improvements | 1,377 | |||
Gross Amount, Land & Improvements | 567 | |||
Gross Amount, Building & Improvements | 1,377 | |||
Gross Amount, Total | 1,944 | |||
Accumulated Depreciation | $ 95 | |||
Year Constructed | 2011 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Fayetteville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 597 | |||
Initial Cost to Building & Improvements | 1,675 | |||
Gross Amount, Land & Improvements | 597 | |||
Gross Amount, Building & Improvements | 1,675 | |||
Gross Amount, Total | 2,272 | |||
Accumulated Depreciation | $ 117 | |||
Year Constructed | 1980 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Bentonville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,307 | |||
Initial Cost to Building & Improvements | 2,436 | |||
Gross Amount, Land & Improvements | 1,307 | |||
Gross Amount, Building & Improvements | 2,436 | |||
Gross Amount, Total | 3,743 | |||
Accumulated Depreciation | $ 166 | |||
Year Constructed | 2017 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Stillwater, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 320 | |||
Initial Cost to Building & Improvements | 924 | |||
Gross Amount, Land & Improvements | 320 | |||
Gross Amount, Building & Improvements | 924 | |||
Gross Amount, Total | 1,244 | |||
Accumulated Depreciation | $ 57 | |||
Year Constructed | 2002 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Stillwater, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 669 | |||
Initial Cost to Building & Improvements | 1,634 | |||
Gross Amount, Land & Improvements | 669 | |||
Gross Amount, Building & Improvements | 1,634 | |||
Gross Amount, Total | 2,303 | |||
Accumulated Depreciation | $ 113 | |||
Year Constructed | 2006 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Stillwater, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 825 | |||
Initial Cost to Building & Improvements | 750 | |||
Gross Amount, Land & Improvements | 825 | |||
Gross Amount, Building & Improvements | 750 | |||
Gross Amount, Total | 1,575 | |||
Accumulated Depreciation | $ 70 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 28, 2017 | |||
Car Washes | Davenport, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 757 | |||
Initial Cost to Building & Improvements | 2,394 | |||
Gross Amount, Land & Improvements | 757 | |||
Gross Amount, Building & Improvements | 2,394 | |||
Gross Amount, Total | 3,151 | |||
Accumulated Depreciation | $ 79 | |||
Year Constructed | 1990 | |||
Date Acquired | Dec. 20, 2018 | |||
Car Washes | Davenport, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,038 | |||
Initial Cost to Building & Improvements | 1,705 | |||
Gross Amount, Land & Improvements | 1,038 | |||
Gross Amount, Building & Improvements | 1,705 | |||
Gross Amount, Total | 2,743 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 2001 | |||
Date Acquired | Oct. 24, 2019 | |||
Car Washes | Bel Air, MD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 321 | |||
Initial Cost to Building & Improvements | 3,120 | |||
Gross Amount, Land & Improvements | 321 | |||
Gross Amount, Building & Improvements | 3,120 | |||
Gross Amount, Total | 3,441 | |||
Accumulated Depreciation | $ 166 | |||
Year Constructed | 2016 | |||
Date Acquired | Apr. 26, 2018 | |||
Car Washes | Jonesboro, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,217 | |||
Initial Cost to Building & Improvements | 4,776 | |||
Gross Amount, Land & Improvements | 1,217 | |||
Gross Amount, Building & Improvements | 4,776 | |||
Gross Amount, Total | $ 5,993 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 20, 2019 | |||
Car Washes | Fayetteville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 675 | |||
Initial Cost to Building & Improvements | 2,405 | |||
Gross Amount, Land & Improvements | 675 | |||
Gross Amount, Building & Improvements | 2,405 | |||
Gross Amount, Total | 3,080 | |||
Accumulated Depreciation | $ 111 | |||
Year Constructed | 2018 | |||
Date Acquired | Jun. 21, 2018 | |||
Car Washes | Athen, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,011 | |||
Initial Cost to Building & Improvements | 2,536 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 600 | |||
Gross Amount, Land & Improvements | 1,011 | |||
Gross Amount, Building & Improvements | 3,136 | |||
Gross Amount, Total | 4,147 | |||
Accumulated Depreciation | $ 164 | |||
Year Constructed | 2006 | |||
Date Acquired | Jul. 26, 2018 | |||
Car Washes | Winder, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 683 | |||
Initial Cost to Building & Improvements | 2,027 | |||
Gross Amount, Land & Improvements | 683 | |||
Gross Amount, Building & Improvements | 2,027 | |||
Gross Amount, Total | 2,710 | |||
Accumulated Depreciation | $ 105 | |||
Year Constructed | 2008 | |||
Date Acquired | Jul. 26, 2018 | |||
Car Washes | Decatur, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 703 | |||
Initial Cost to Building & Improvements | 3,031 | |||
Gross Amount, Land & Improvements | 703 | |||
Gross Amount, Building & Improvements | 3,031 | |||
Gross Amount, Total | 3,734 | |||
Accumulated Depreciation | $ 136 | |||
Year Constructed | 1967 | |||
Date Acquired | Jul. 26, 2018 | |||
Car Washes | Duluth, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,261 | |||
Initial Cost to Building & Improvements | 2,187 | |||
Gross Amount, Land & Improvements | 1,261 | |||
Gross Amount, Building & Improvements | 2,187 | |||
Gross Amount, Total | 3,448 | |||
Accumulated Depreciation | $ 109 | |||
Year Constructed | 2006 | |||
Date Acquired | Jul. 26, 2018 | |||
Car Washes | Springdale, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,405 | |||
Initial Cost to Building & Improvements | 3,139 | |||
Gross Amount, Land & Improvements | 1,405 | |||
Gross Amount, Building & Improvements | 3,139 | |||
Gross Amount, Total | 4,544 | |||
Accumulated Depreciation | $ 131 | |||
Year Constructed | 2018 | |||
Date Acquired | Sep. 28, 2018 | |||
Car Washes | Dubuque, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 990 | |||
Initial Cost to Building & Improvements | 2,121 | |||
Gross Amount, Land & Improvements | 990 | |||
Gross Amount, Building & Improvements | 2,121 | |||
Gross Amount, Total | 3,111 | |||
Accumulated Depreciation | $ 73 | |||
Year Constructed | 1992 | |||
Date Acquired | Dec. 20, 2018 | |||
Car Washes | Rock Island, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,030 | |||
Initial Cost to Building & Improvements | 2,949 | |||
Gross Amount, Land & Improvements | 1,030 | |||
Gross Amount, Building & Improvements | 2,949 | |||
Gross Amount, Total | 3,979 | |||
Accumulated Depreciation | $ 97 | |||
Year Constructed | 1996 | |||
Date Acquired | Dec. 20, 2018 | |||
Car Washes | Brighton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 205 | |||
Initial Cost to Building & Improvements | 156 | |||
Gross Amount, Land & Improvements | 205 | |||
Gross Amount, Building & Improvements | 156 | |||
Gross Amount, Total | 361 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 1999 | |||
Date Acquired | Jan. 7, 2019 | |||
Car Washes | Springdale, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,032 | |||
Initial Cost to Building & Improvements | 2,325 | |||
Gross Amount, Land & Improvements | 1,032 | |||
Gross Amount, Building & Improvements | 2,325 | |||
Gross Amount, Total | 3,357 | |||
Accumulated Depreciation | $ 82 | |||
Year Constructed | 2018 | |||
Date Acquired | Jan. 10, 2019 | |||
Car Washes | Rogers, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 550 | |||
Initial Cost to Building & Improvements | 2,200 | |||
Gross Amount, Land & Improvements | 550 | |||
Gross Amount, Building & Improvements | 2,200 | |||
Gross Amount, Total | 2,750 | |||
Accumulated Depreciation | $ 69 | |||
Year Constructed | 2018 | |||
Date Acquired | Jan. 25, 2019 | |||
Car Washes | Thornton, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 582 | |||
Initial Cost to Building & Improvements | 1,795 | |||
Gross Amount, Land & Improvements | 582 | |||
Gross Amount, Building & Improvements | 1,795 | |||
Gross Amount, Total | 2,377 | |||
Accumulated Depreciation | $ 15 | |||
Year Constructed | 2018 | |||
Date Acquired | Sep. 26, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 757 | |||
Initial Cost to Building & Improvements | 2,519 | |||
Gross Amount, Land & Improvements | 757 | |||
Gross Amount, Building & Improvements | 2,519 | |||
Gross Amount, Total | 3,276 | |||
Accumulated Depreciation | $ 38 | |||
Year Constructed | 2006 | |||
Date Acquired | Jun. 28, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 627 | |||
Initial Cost to Building & Improvements | 1,852 | |||
Gross Amount, Land & Improvements | 627 | |||
Gross Amount, Building & Improvements | 1,852 | |||
Gross Amount, Total | 2,479 | |||
Accumulated Depreciation | $ 30 | |||
Year Constructed | 2015 | |||
Date Acquired | Jun. 28, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,225 | |||
Initial Cost to Building & Improvements | 2,678 | |||
Gross Amount, Land & Improvements | 1,225 | |||
Gross Amount, Building & Improvements | 2,678 | |||
Gross Amount, Total | 3,903 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 2017 | |||
Date Acquired | Jun. 28, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,484 | |||
Initial Cost to Building & Improvements | 2,768 | |||
Gross Amount, Land & Improvements | 1,484 | |||
Gross Amount, Building & Improvements | 2,768 | |||
Gross Amount, Total | 4,252 | |||
Accumulated Depreciation | $ 43 | |||
Year Constructed | 2017 | |||
Date Acquired | Jun. 28, 2019 | |||
Car Washes | Denver, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,594 | |||
Initial Cost to Building & Improvements | 1,484 | |||
Gross Amount, Land & Improvements | 1,594 | |||
Gross Amount, Building & Improvements | 1,484 | |||
Gross Amount, Total | 3,078 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 2012 | |||
Date Acquired | Sep. 26, 2019 | |||
Car Washes | Denver, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,103 | |||
Initial Cost to Building & Improvements | 1,805 | |||
Gross Amount, Land & Improvements | 1,103 | |||
Gross Amount, Building & Improvements | 1,805 | |||
Gross Amount, Total | 2,908 | |||
Accumulated Depreciation | $ 15 | |||
Year Constructed | 2014 | |||
Date Acquired | Sep. 26, 2019 | |||
Car Washes | Fort Collins, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 491 | |||
Initial Cost to Building & Improvements | 1,093 | |||
Gross Amount, Land & Improvements | 491 | |||
Gross Amount, Building & Improvements | 1,093 | |||
Gross Amount, Total | 1,584 | |||
Accumulated Depreciation | $ 9 | |||
Year Constructed | 2002 | |||
Date Acquired | Sep. 26, 2019 | |||
Car Washes | Moline, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,120 | |||
Initial Cost to Building & Improvements | 1,572 | |||
Gross Amount, Land & Improvements | 1,120 | |||
Gross Amount, Building & Improvements | 1,572 | |||
Gross Amount, Total | 2,692 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 1998 | |||
Date Acquired | Oct. 24, 2019 | |||
Car Washes | Hampstead, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,129 | |||
Initial Cost to Building & Improvements | 2,644 | |||
Gross Amount, Land & Improvements | 1,129 | |||
Gross Amount, Building & Improvements | 2,644 | |||
Gross Amount, Total | 3,773 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2019 | |||
Date Acquired | Dec. 10, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,075 | |||
Initial Cost to Building & Improvements | 3,384 | |||
Gross Amount, Land & Improvements | 1,075 | |||
Gross Amount, Building & Improvements | 3,384 | |||
Gross Amount, Total | $ 4,459 | |||
Year Constructed | 1992 | |||
Date Acquired | Dec. 19, 2019 | |||
Car Washes | Sioux Falls, SD | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 723 | |||
Initial Cost to Building & Improvements | 2,882 | |||
Gross Amount, Land & Improvements | 723 | |||
Gross Amount, Building & Improvements | 2,882 | |||
Gross Amount, Total | $ 3,605 | |||
Year Constructed | 1987 | |||
Date Acquired | Dec. 19, 2019 | |||
Car Washes | Sioux City, IA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 707 | |||
Gross Amount, Land & Improvements | 707 | |||
Gross Amount, Total | $ 707 | |||
Date Acquired | Dec. 19, 2019 | |||
Car Washes | South Sioux City, NE | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 303 | |||
Gross Amount, Land & Improvements | 303 | |||
Gross Amount, Total | $ 303 | |||
Date Acquired | Dec. 19, 2019 | |||
Health and Fitness | Columbus, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,175 | |||
Initial Cost to Building & Improvements | 2,540 | |||
Gross Amount, Land & Improvements | 2,175 | |||
Gross Amount, Building & Improvements | 2,540 | |||
Gross Amount, Total | 4,715 | |||
Accumulated Depreciation | $ 199 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 29, 2017 | |||
Health and Fitness | Gainesville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,312 | |||
Initial Cost to Building & Improvements | 2,488 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 581 | |||
Gross Amount, Land & Improvements | 1,312 | |||
Gross Amount, Building & Improvements | 3,069 | |||
Gross Amount, Total | 4,381 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 1983 | |||
Date Acquired | Sep. 6, 2019 | |||
Health and Fitness | Tucson, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 4,227 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 114 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 3,466 | |||
Gross Amount, Land & Improvements | 4,341 | |||
Gross Amount, Building & Improvements | 3,466 | |||
Gross Amount, Total | 7,807 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 2019 | |||
Date Acquired | Oct. 10, 2018 | |||
Health and Fitness | West Valley City, UT | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,936 | |||
Initial Cost to Building & Improvements | 4,210 | |||
Gross Amount, Land & Improvements | 1,936 | |||
Gross Amount, Building & Improvements | 4,210 | |||
Gross Amount, Total | 6,146 | |||
Accumulated Depreciation | $ 361 | |||
Year Constructed | 1984 | |||
Date Acquired | Dec. 30, 2016 | |||
Health and Fitness | Anderson, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 691 | |||
Initial Cost to Building & Improvements | 1,402 | |||
Gross Amount, Land & Improvements | 691 | |||
Gross Amount, Building & Improvements | 1,402 | |||
Gross Amount, Total | 2,093 | |||
Accumulated Depreciation | $ 11 | |||
Year Constructed | 1997 | |||
Date Acquired | Sep. 25, 2019 | |||
Health and Fitness | Greenville, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 732 | |||
Initial Cost to Building & Improvements | 1,361 | |||
Gross Amount, Land & Improvements | 732 | |||
Gross Amount, Building & Improvements | 1,361 | |||
Gross Amount, Total | 2,093 | |||
Accumulated Depreciation | $ 10 | |||
Year Constructed | 1993 | |||
Date Acquired | Sep. 25, 2019 | |||
Health and Fitness | Hobbs, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 938 | |||
Initial Cost to Building & Improvements | 1,503 | |||
Gross Amount, Land & Improvements | 938 | |||
Gross Amount, Building & Improvements | 1,503 | |||
Gross Amount, Total | 2,441 | |||
Accumulated Depreciation | $ 124 | |||
Year Constructed | 2016 | |||
Date Acquired | Sep. 28, 2017 | |||
Health and Fitness | Florence, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 868 | |||
Initial Cost to Building & Improvements | 2,186 | |||
Gross Amount, Land & Improvements | 868 | |||
Gross Amount, Building & Improvements | 2,186 | |||
Gross Amount, Total | 3,054 | |||
Accumulated Depreciation | $ 157 | |||
Year Constructed | 1994 | |||
Date Acquired | Sep. 28, 2017 | |||
Health and Fitness | Greeley, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,484 | |||
Initial Cost to Building & Improvements | 4,491 | |||
Gross Amount, Land & Improvements | 1,484 | |||
Gross Amount, Building & Improvements | 4,491 | |||
Gross Amount, Total | 5,975 | |||
Accumulated Depreciation | $ 284 | |||
Year Constructed | 1989 | |||
Date Acquired | Nov. 16, 2017 | |||
Health and Fitness | Auburn, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,104 | |||
Initial Cost to Building & Improvements | 2,411 | |||
Gross Amount, Land & Improvements | 1,104 | |||
Gross Amount, Building & Improvements | 2,411 | |||
Gross Amount, Total | 3,515 | |||
Accumulated Depreciation | $ 172 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 29, 2017 | |||
Health and Fitness | Wichita, KS | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,594 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 326 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 4,812 | |||
Gross Amount, Land & Improvements | 2,920 | |||
Gross Amount, Building & Improvements | 4,812 | |||
Gross Amount, Total | 7,732 | |||
Accumulated Depreciation | $ 201 | |||
Year Constructed | 2018 | |||
Date Acquired | Jan. 19, 2018 | |||
Health and Fitness | Aiken, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,063 | |||
Initial Cost to Building & Improvements | 3,787 | |||
Gross Amount, Land & Improvements | 1,063 | |||
Gross Amount, Building & Improvements | 3,787 | |||
Gross Amount, Total | 4,850 | |||
Accumulated Depreciation | $ 208 | |||
Year Constructed | 1998 | |||
Date Acquired | Mar. 1, 2018 | |||
Health and Fitness | Tulsa, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,856 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 108 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 4,329 | |||
Gross Amount, Land & Improvements | 2,964 | |||
Gross Amount, Building & Improvements | 4,329 | |||
Gross Amount, Total | 7,293 | |||
Accumulated Depreciation | $ 135 | |||
Year Constructed | 2018 | |||
Date Acquired | Mar. 22, 2018 | |||
Health and Fitness | Peabody, MA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 3,497 | |||
Initial Cost to Building & Improvements | 6,523 | |||
Gross Amount, Land & Improvements | 3,497 | |||
Gross Amount, Building & Improvements | 6,523 | |||
Gross Amount, Total | 10,020 | |||
Accumulated Depreciation | $ 279 | |||
Year Constructed | 2009 | |||
Date Acquired | Jun. 29, 2018 | |||
Health and Fitness | Salisbury, MA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,169 | |||
Initial Cost to Building & Improvements | 14,584 | |||
Gross Amount, Land & Improvements | 1,169 | |||
Gross Amount, Building & Improvements | 14,584 | |||
Gross Amount, Total | 15,753 | |||
Accumulated Depreciation | $ 566 | |||
Year Constructed | 2004 | |||
Date Acquired | Jun. 29, 2018 | |||
Health and Fitness | Methuen, MA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 4,544 | |||
Initial Cost to Building & Improvements | 5,179 | |||
Gross Amount, Land & Improvements | 4,544 | |||
Gross Amount, Building & Improvements | 5,179 | |||
Gross Amount, Total | 9,723 | |||
Accumulated Depreciation | $ 267 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 29, 2018 | |||
Health and Fitness | Moncks Corner, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 978 | |||
Initial Cost to Building & Improvements | 1,439 | |||
Gross Amount, Land & Improvements | 978 | |||
Gross Amount, Building & Improvements | 1,439 | |||
Gross Amount, Total | 2,417 | |||
Accumulated Depreciation | $ 88 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 29, 2018 | |||
Health and Fitness | Springfield, OR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,024 | |||
Initial Cost to Building & Improvements | 2,468 | |||
Gross Amount, Land & Improvements | 2,024 | |||
Gross Amount, Building & Improvements | 2,468 | |||
Gross Amount, Total | 4,492 | |||
Accumulated Depreciation | $ 132 | |||
Year Constructed | 1999 | |||
Date Acquired | Sep. 13, 2018 | |||
Health and Fitness | Eugene, OR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,046 | |||
Initial Cost to Building & Improvements | 2,986 | |||
Gross Amount, Land & Improvements | 1,046 | |||
Gross Amount, Building & Improvements | 2,986 | |||
Gross Amount, Total | 4,032 | |||
Accumulated Depreciation | $ 125 | |||
Year Constructed | 1980 | |||
Date Acquired | Sep. 13, 2018 | |||
Health and Fitness | Winston Salem, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 986 | |||
Initial Cost to Building & Improvements | 1,205 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (75) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (90) | |||
Gross Amount, Land & Improvements | 911 | |||
Gross Amount, Building & Improvements | 1,115 | |||
Gross Amount, Total | 2,026 | |||
Accumulated Depreciation | $ 36 | |||
Year Constructed | 1972 | |||
Date Acquired | Dec. 19, 2018 | |||
Health and Fitness | Abilene, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,326 | |||
Initial Cost to Building & Improvements | 2,478 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 144 | |||
Gross Amount, Land & Improvements | 1,326 | |||
Gross Amount, Building & Improvements | 2,622 | |||
Gross Amount, Total | 3,948 | |||
Accumulated Depreciation | $ 77 | |||
Year Constructed | 1974 | |||
Date Acquired | Mar. 8, 2019 | |||
Health and Fitness | Las Vegas, NV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 491 | |||
Initial Cost to Building & Improvements | 2,543 | |||
Gross Amount, Land & Improvements | 491 | |||
Gross Amount, Building & Improvements | 2,543 | |||
Gross Amount, Total | 3,034 | |||
Accumulated Depreciation | $ 61 | |||
Year Constructed | 1970 | |||
Date Acquired | Mar. 13, 2019 | |||
Health and Fitness | Norman, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 730 | |||
Initial Cost to Building & Improvements | 2,937 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 559 | |||
Gross Amount, Land & Improvements | 730 | |||
Gross Amount, Building & Improvements | 3,496 | |||
Gross Amount, Total | 4,226 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 1979 | |||
Date Acquired | Apr. 17, 2019 | |||
Real Estate And Accumulated Depreciation Year Of Construction One | 2018 | |||
Health and Fitness | Champaign, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,133 | |||
Initial Cost to Building & Improvements | 2,226 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 2,150 | |||
Gross Amount, Land & Improvements | 1,133 | |||
Gross Amount, Building & Improvements | 4,376 | |||
Gross Amount, Total | 5,509 | |||
Accumulated Depreciation | $ 50 | |||
Year Constructed | 1986 | |||
Date Acquired | Jul. 11, 2019 | |||
Health and Fitness | Spartanburg, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,052 | |||
Initial Cost to Building & Improvements | 1,474 | |||
Gross Amount, Land & Improvements | 1,052 | |||
Gross Amount, Building & Improvements | 1,474 | |||
Gross Amount, Total | 2,526 | |||
Accumulated Depreciation | $ 12 | |||
Year Constructed | 2010 | |||
Date Acquired | Sep. 25, 2019 | |||
Building Materials | Gainesville, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 934 | |||
Initial Cost to Building & Improvements | 638 | |||
Gross Amount, Land & Improvements | 934 | |||
Gross Amount, Building & Improvements | 638 | |||
Gross Amount, Total | 1,572 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 2003 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Douglasville, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,026 | |||
Initial Cost to Building & Improvements | 2,421 | |||
Gross Amount, Land & Improvements | 1,026 | |||
Gross Amount, Building & Improvements | 2,421 | |||
Gross Amount, Total | 3,447 | |||
Accumulated Depreciation | $ 221 | |||
Year Constructed | 2004 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Columbia Station, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,078 | |||
Initial Cost to Building & Improvements | 1,437 | |||
Gross Amount, Land & Improvements | 1,078 | |||
Gross Amount, Building & Improvements | 1,437 | |||
Gross Amount, Total | 2,515 | |||
Accumulated Depreciation | $ 131 | |||
Year Constructed | 1961 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Maumee, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 733 | |||
Initial Cost to Building & Improvements | 1,238 | |||
Gross Amount, Land & Improvements | 733 | |||
Gross Amount, Building & Improvements | 1,238 | |||
Gross Amount, Total | 1,971 | |||
Accumulated Depreciation | $ 113 | |||
Year Constructed | 1963 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Troy, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 403 | |||
Initial Cost to Building & Improvements | 693 | |||
Gross Amount, Land & Improvements | 403 | |||
Gross Amount, Building & Improvements | 693 | |||
Gross Amount, Total | 1,096 | |||
Accumulated Depreciation | $ 63 | |||
Year Constructed | 1991 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Jackson, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 288 | |||
Initial Cost to Building & Improvements | 211 | |||
Gross Amount, Land & Improvements | 288 | |||
Gross Amount, Building & Improvements | 211 | |||
Gross Amount, Total | 499 | |||
Accumulated Depreciation | $ 19 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Lancaster, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 376 | |||
Initial Cost to Building & Improvements | 833 | |||
Gross Amount, Land & Improvements | 376 | |||
Gross Amount, Building & Improvements | 833 | |||
Gross Amount, Total | 1,209 | |||
Accumulated Depreciation | $ 76 | |||
Year Constructed | 1995 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Portsmouth, OH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 133 | |||
Initial Cost to Building & Improvements | 160 | |||
Gross Amount, Land & Improvements | 133 | |||
Gross Amount, Building & Improvements | 160 | |||
Gross Amount, Total | 293 | |||
Accumulated Depreciation | $ 15 | |||
Year Constructed | 1996 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Bridgeport, WV | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 386 | |||
Initial Cost to Building & Improvements | 273 | |||
Gross Amount, Land & Improvements | 386 | |||
Gross Amount, Building & Improvements | 273 | |||
Gross Amount, Total | 659 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1978 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Radcliff, KY | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 414 | |||
Initial Cost to Building & Improvements | 200 | |||
Gross Amount, Land & Improvements | 414 | |||
Gross Amount, Building & Improvements | 200 | |||
Gross Amount, Total | 614 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Cartersville , GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,313 | |||
Initial Cost to Building & Improvements | 1,743 | |||
Gross Amount, Land & Improvements | 1,313 | |||
Gross Amount, Building & Improvements | 1,743 | |||
Gross Amount, Total | 3,056 | |||
Accumulated Depreciation | $ 159 | |||
Year Constructed | 2003 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | El Paso, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 901 | |||
Initial Cost to Building & Improvements | 177 | |||
Gross Amount, Land & Improvements | 901 | |||
Gross Amount, Building & Improvements | 177 | |||
Gross Amount, Total | 1,078 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Garland, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,250 | |||
Initial Cost to Building & Improvements | 2,283 | |||
Gross Amount, Land & Improvements | 1,250 | |||
Gross Amount, Building & Improvements | 2,283 | |||
Gross Amount, Total | 3,533 | |||
Accumulated Depreciation | $ 209 | |||
Year Constructed | 2001 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Conroe,TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,150 | |||
Initial Cost to Building & Improvements | 631 | |||
Gross Amount, Land & Improvements | 2,150 | |||
Gross Amount, Building & Improvements | 631 | |||
Gross Amount, Total | 2,781 | |||
Accumulated Depreciation | $ 58 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Amarillo,TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 927 | |||
Initial Cost to Building & Improvements | 655 | |||
Gross Amount, Land & Improvements | 927 | |||
Gross Amount, Building & Improvements | 655 | |||
Gross Amount, Total | 1,582 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Grand Junction, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 760 | |||
Initial Cost to Building & Improvements | 403 | |||
Gross Amount, Land & Improvements | 760 | |||
Gross Amount, Building & Improvements | 403 | |||
Gross Amount, Total | 1,163 | |||
Accumulated Depreciation | $ 37 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Mt Pleasant, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,097 | |||
Initial Cost to Building & Improvements | 171 | |||
Gross Amount, Land & Improvements | 1,097 | |||
Gross Amount, Building & Improvements | 171 | |||
Gross Amount, Total | 1,268 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1983 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Irondale, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 546 | |||
Initial Cost to Building & Improvements | 227 | |||
Gross Amount, Land & Improvements | 546 | |||
Gross Amount, Building & Improvements | 227 | |||
Gross Amount, Total | 773 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1975 | |||
Date Acquired | Jun. 1, 2017 | |||
Building Materials | Bessemer, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,514 | |||
Initial Cost to Building & Improvements | 3,413 | |||
Gross Amount, Land & Improvements | 1,514 | |||
Gross Amount, Building & Improvements | 3,413 | |||
Gross Amount, Total | 4,927 | |||
Accumulated Depreciation | $ 312 | |||
Year Constructed | 2002 | |||
Date Acquired | Jun. 1, 2017 | |||
Entertainment | Trussville, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 4,403 | |||
Initial Cost to Building & Improvements | 5,693 | |||
Gross Amount, Land & Improvements | 4,403 | |||
Gross Amount, Building & Improvements | 5,693 | |||
Gross Amount, Total | 10,096 | |||
Accumulated Depreciation | $ 111 | |||
Year Constructed | 2002 | |||
Date Acquired | May 30, 2019 | |||
Entertainment | Rochester, NH | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 379 | |||
Initial Cost to Building & Improvements | 968 | |||
Gross Amount, Land & Improvements | 379 | |||
Gross Amount, Building & Improvements | 968 | |||
Gross Amount, Total | 1,347 | |||
Accumulated Depreciation | $ 31 | |||
Year Constructed | 1958 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Visalia, CA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,320 | |||
Initial Cost to Building & Improvements | 2,320 | |||
Gross Amount, Land & Improvements | 1,320 | |||
Gross Amount, Building & Improvements | 2,320 | |||
Gross Amount, Total | 3,640 | |||
Accumulated Depreciation | $ 202 | |||
Year Constructed | 1984 | |||
Date Acquired | Jun. 30, 2017 | |||
Entertainment | Orlando, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,290 | |||
Initial Cost to Building & Improvements | 4,377 | |||
Gross Amount, Land & Improvements | 2,290 | |||
Gross Amount, Building & Improvements | 4,377 | |||
Gross Amount, Total | 6,667 | |||
Accumulated Depreciation | $ 296 | |||
Year Constructed | 2007 | |||
Date Acquired | Sep. 29, 2017 | |||
Entertainment | Hoover, AL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,403 | |||
Initial Cost to Building & Improvements | 2,939 | |||
Gross Amount, Land & Improvements | 1,403 | |||
Gross Amount, Building & Improvements | 2,939 | |||
Gross Amount, Total | 4,342 | |||
Accumulated Depreciation | $ 212 | |||
Year Constructed | 2017 | |||
Date Acquired | Oct. 13, 2017 | |||
Entertainment | Metairie, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,323 | |||
Initial Cost to Building & Improvements | 2,143 | |||
Gross Amount, Land & Improvements | 1,323 | |||
Gross Amount, Building & Improvements | 2,143 | |||
Gross Amount, Total | 3,466 | |||
Accumulated Depreciation | $ 97 | |||
Year Constructed | 2016 | |||
Date Acquired | Sep. 21, 2018 | |||
Entertainment | Andover, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 898 | |||
Initial Cost to Building & Improvements | 1,208 | |||
Gross Amount, Land & Improvements | 898 | |||
Gross Amount, Building & Improvements | 1,208 | |||
Gross Amount, Total | 2,106 | |||
Accumulated Depreciation | $ 47 | |||
Year Constructed | 2005 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | South St. Paul, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,008 | |||
Initial Cost to Building & Improvements | 928 | |||
Gross Amount, Land & Improvements | 1,008 | |||
Gross Amount, Building & Improvements | 928 | |||
Gross Amount, Total | 1,936 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 1978 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Mounds View, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,986 | |||
Initial Cost to Building & Improvements | 3,264 | |||
Gross Amount, Land & Improvements | 1,986 | |||
Gross Amount, Building & Improvements | 3,264 | |||
Gross Amount, Total | 5,250 | |||
Accumulated Depreciation | $ 121 | |||
Year Constructed | 1967 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | St. Paul Park, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 529 | |||
Initial Cost to Building & Improvements | 1,058 | |||
Gross Amount, Land & Improvements | 529 | |||
Gross Amount, Building & Improvements | 1,058 | |||
Gross Amount, Total | 1,587 | |||
Accumulated Depreciation | $ 41 | |||
Year Constructed | 1959 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Oakdale, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,136 | |||
Initial Cost to Building & Improvements | 5,699 | |||
Gross Amount, Land & Improvements | 2,136 | |||
Gross Amount, Building & Improvements | 5,699 | |||
Gross Amount, Total | 7,835 | |||
Accumulated Depreciation | $ 193 | |||
Year Constructed | 2009 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Monticello, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,527 | |||
Initial Cost to Building & Improvements | 3,414 | |||
Gross Amount, Land & Improvements | 1,527 | |||
Gross Amount, Building & Improvements | 3,414 | |||
Gross Amount, Total | 4,941 | |||
Accumulated Depreciation | $ 144 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | St. Paul, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,218 | |||
Initial Cost to Building & Improvements | 1,407 | |||
Gross Amount, Land & Improvements | 1,218 | |||
Gross Amount, Building & Improvements | 1,407 | |||
Gross Amount, Total | 2,625 | |||
Accumulated Depreciation | $ 51 | |||
Year Constructed | 1955 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Ramsey, MN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 609 | |||
Initial Cost to Building & Improvements | 749 | |||
Gross Amount, Land & Improvements | 609 | |||
Gross Amount, Building & Improvements | 749 | |||
Gross Amount, Total | 1,358 | |||
Accumulated Depreciation | $ 42 | |||
Year Constructed | 1988 | |||
Date Acquired | Dec. 12, 2018 | |||
Entertainment | Nampa, ID | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 886 | |||
Initial Cost to Building & Improvements | 2,768 | |||
Gross Amount, Land & Improvements | 886 | |||
Gross Amount, Building & Improvements | 2,768 | |||
Gross Amount, Total | 3,654 | |||
Accumulated Depreciation | $ 75 | |||
Year Constructed | 2008 | |||
Date Acquired | Jan. 17, 2019 | |||
Entertainment | Monroeville, PA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 823 | |||
Initial Cost to Building & Improvements | 2,028 | |||
Gross Amount, Land & Improvements | 823 | |||
Gross Amount, Building & Improvements | 2,028 | |||
Gross Amount, Total | 2,851 | |||
Accumulated Depreciation | $ 60 | |||
Year Constructed | 2016 | |||
Date Acquired | Mar. 29, 2019 | |||
Entertainment | Huntersville, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 4,087 | |||
Initial Cost to Building & Improvements | 9,719 | |||
Gross Amount, Land & Improvements | 4,087 | |||
Gross Amount, Building & Improvements | 9,719 | |||
Gross Amount, Total | 13,806 | |||
Accumulated Depreciation | $ 215 | |||
Year Constructed | 1996 | |||
Date Acquired | Mar. 29, 2019 | |||
Entertainment | Greensboro, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 2,593 | |||
Initial Cost to Building & Improvements | 8,381 | |||
Gross Amount, Land & Improvements | 2,593 | |||
Gross Amount, Building & Improvements | 8,381 | |||
Gross Amount, Total | 10,974 | |||
Accumulated Depreciation | $ 191 | |||
Year Constructed | 1988 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Arvada, CO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,342 | |||
Initial Cost to Building & Improvements | 2,808 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 1,162 | |||
Gross Amount, Land & Improvements | 1,342 | |||
Gross Amount, Building & Improvements | 3,970 | |||
Gross Amount, Total | 5,312 | |||
Accumulated Depreciation | $ 610 | |||
Year Constructed | 1982 | |||
Date Acquired | Sep. 5, 2017 | |||
Pet Care Services | Franklin, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 395 | |||
Initial Cost to Building & Improvements | 2,319 | |||
Gross Amount, Land & Improvements | 395 | |||
Gross Amount, Building & Improvements | 2,319 | |||
Gross Amount, Total | 2,714 | |||
Accumulated Depreciation | $ 145 | |||
Year Constructed | 2007 | |||
Date Acquired | Dec. 1, 2017 | |||
Pet Care Services | Fayetteville, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 905 | |||
Initial Cost to Building & Improvements | 1,456 | |||
Gross Amount, Land & Improvements | 905 | |||
Gross Amount, Building & Improvements | 1,456 | |||
Gross Amount, Total | 2,361 | |||
Accumulated Depreciation | $ 103 | |||
Year Constructed | 1979 | |||
Date Acquired | Dec. 1, 2017 | |||
Pet Care Services | Greenwood, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 312 | |||
Initial Cost to Building & Improvements | 593 | |||
Gross Amount, Land & Improvements | 312 | |||
Gross Amount, Building & Improvements | 593 | |||
Gross Amount, Total | 905 | |||
Accumulated Depreciation | $ 40 | |||
Year Constructed | 1952 | |||
Date Acquired | Dec. 1, 2017 | |||
Pet Care Services | Indianapolis, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 52 | |||
Initial Cost to Building & Improvements | 416 | |||
Gross Amount, Land & Improvements | 52 | |||
Gross Amount, Building & Improvements | 416 | |||
Gross Amount, Total | 468 | |||
Accumulated Depreciation | $ 25 | |||
Year Constructed | 1954 | |||
Date Acquired | Dec. 1, 2017 | |||
Pet Care Services | Cave Creek, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,789 | |||
Initial Cost to Building & Improvements | 2,540 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 867 | |||
Gross Amount, Land & Improvements | 1,789 | |||
Gross Amount, Building & Improvements | 3,407 | |||
Gross Amount, Total | 5,196 | |||
Accumulated Depreciation | $ 145 | |||
Year Constructed | 2008 | |||
Date Acquired | Apr. 5, 2018 | |||
Pet Care Services | Maricopa, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,057 | |||
Initial Cost to Building & Improvements | 1,057 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 969 | |||
Gross Amount, Land & Improvements | 1,057 | |||
Gross Amount, Building & Improvements | 2,026 | |||
Gross Amount, Total | 3,083 | |||
Accumulated Depreciation | $ 66 | |||
Year Constructed | 2008 | |||
Date Acquired | Apr. 5, 2018 | |||
Pet Care Services | Lakewood Ranch, RL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 442 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | 1,054 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 2,677 | |||
Gross Amount, Land & Improvements | 1,496 | |||
Gross Amount, Building & Improvements | 2,677 | |||
Gross Amount, Total | 4,173 | |||
Accumulated Depreciation | $ 56 | |||
Year Constructed | 2019 | |||
Date Acquired | May 24, 2018 | |||
Pet Care Services | Mesa, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,329 | |||
Initial Cost to Building & Improvements | 1,531 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 1,225 | |||
Gross Amount, Land & Improvements | 1,329 | |||
Gross Amount, Building & Improvements | 2,756 | |||
Gross Amount, Total | 4,085 | |||
Accumulated Depreciation | $ 74 | |||
Year Constructed | 1990 | |||
Date Acquired | Jul. 13, 2018 | |||
Pet Care Services | Chandler, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 1,775 | |||
Initial Cost to Building & Improvements | 3,033 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 1,200 | |||
Gross Amount, Land & Improvements | 1,775 | |||
Gross Amount, Building & Improvements | 4,233 | |||
Gross Amount, Total | 6,008 | |||
Accumulated Depreciation | $ 145 | |||
Year Constructed | 2002 | |||
Date Acquired | Jul. 13, 2018 | |||
Pet Care Services | Green Valley, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 913 | |||
Initial Cost to Building & Improvements | 2,454 | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | 920 | |||
Gross Amount, Land & Improvements | 913 | |||
Gross Amount, Building & Improvements | 3,374 | |||
Gross Amount, Total | 4,287 | |||
Accumulated Depreciation | $ 111 | |||
Year Constructed | 2015 | |||
Date Acquired | Jul. 13, 2018 | |||
Pet Care Services | Georgetown, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 753 | |||
Gross Amount, Land & Improvements | 753 | |||
Gross Amount, Total | $ 753 | |||
Date Acquired | Dec. 21, 2018 | |||
Pet Care Services | Middleburg, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 803 | |||
Gross Amount, Land & Improvements | 803 | |||
Gross Amount, Total | $ 803 | |||
Date Acquired | Dec. 21, 2018 | |||
Pet Care Services | Denham Springs, LA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 485 | |||
Initial Cost to Building & Improvements | 701 | |||
Gross Amount, Land & Improvements | 485 | |||
Gross Amount, Building & Improvements | 701 | |||
Gross Amount, Total | 1,186 | |||
Accumulated Depreciation | $ 24 | |||
Year Constructed | 2007 | |||
Date Acquired | Jan. 31, 2019 | |||
Pet Care Services | Griffin, GA | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 196 | |||
Initial Cost to Building & Improvements | 495 | |||
Gross Amount, Land & Improvements | 196 | |||
Gross Amount, Building & Improvements | 495 | |||
Gross Amount, Total | 691 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1979 | |||
Date Acquired | Nov. 1, 2019 | |||
Pet Care Services | Carbondale, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 605 | |||
Initial Cost to Building & Improvements | 713 | |||
Gross Amount, Land & Improvements | 605 | |||
Gross Amount, Building & Improvements | 713 | |||
Gross Amount, Total | 1,318 | |||
Accumulated Depreciation | $ 26 | |||
Year Constructed | 1986 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Energy, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 313 | |||
Initial Cost to Building & Improvements | 254 | |||
Gross Amount, Land & Improvements | 313 | |||
Gross Amount, Building & Improvements | 254 | |||
Gross Amount, Total | 567 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1995 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Crete, NE | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 381 | |||
Initial Cost to Building & Improvements | 332 | |||
Gross Amount, Land & Improvements | 381 | |||
Gross Amount, Building & Improvements | 332 | |||
Gross Amount, Total | 713 | |||
Accumulated Depreciation | $ 16 | |||
Year Constructed | 1967 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Ballwin, MO | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 537 | |||
Initial Cost to Building & Improvements | 752 | |||
Gross Amount, Land & Improvements | 537 | |||
Gross Amount, Building & Improvements | 752 | |||
Gross Amount, Total | 1,289 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1986 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Pea Ridge, AR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 518 | |||
Initial Cost to Building & Improvements | 654 | |||
Gross Amount, Land & Improvements | 518 | |||
Gross Amount, Building & Improvements | 654 | |||
Gross Amount, Total | 1,172 | |||
Accumulated Depreciation | $ 20 | |||
Year Constructed | 1996 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Norman, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 225 | |||
Initial Cost to Building & Improvements | 283 | |||
Gross Amount, Land & Improvements | 225 | |||
Gross Amount, Building & Improvements | 283 | |||
Gross Amount, Total | 508 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1993 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Martinsville, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 88 | |||
Initial Cost to Building & Improvements | 664 | |||
Gross Amount, Land & Improvements | 88 | |||
Gross Amount, Building & Improvements | 664 | |||
Gross Amount, Total | 752 | |||
Accumulated Depreciation | $ 14 | |||
Year Constructed | 1989 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Carbondale, IL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 557 | |||
Initial Cost to Building & Improvements | 537 | |||
Gross Amount, Land & Improvements | 557 | |||
Gross Amount, Building & Improvements | 537 | |||
Gross Amount, Total | 1,094 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1976 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Nashville, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 146 | |||
Initial Cost to Building & Improvements | 703 | |||
Gross Amount, Land & Improvements | 146 | |||
Gross Amount, Building & Improvements | 703 | |||
Gross Amount, Total | 849 | |||
Accumulated Depreciation | $ 17 | |||
Year Constructed | 1970 | |||
Date Acquired | Mar. 29, 2019 | |||
Pet Care Services | Prescott, AZ | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 223 | |||
Initial Cost to Building & Improvements | 1,277 | |||
Gross Amount, Land & Improvements | 223 | |||
Gross Amount, Building & Improvements | 1,277 | |||
Gross Amount, Total | 1,500 | |||
Accumulated Depreciation | $ 21 | |||
Year Constructed | 1990 | |||
Date Acquired | May 24, 2019 | |||
Pet Care Services | Lancaster, SC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 554 | |||
Initial Cost to Building & Improvements | 1,017 | |||
Gross Amount, Land & Improvements | 554 | |||
Gross Amount, Building & Improvements | 1,017 | |||
Gross Amount, Total | 1,571 | |||
Accumulated Depreciation | $ 18 | |||
Year Constructed | 1994 | |||
Date Acquired | Jun. 28, 2019 | |||
Pet Care Services | Kittrell, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 303 | |||
Initial Cost to Building & Improvements | 394 | |||
Gross Amount, Land & Improvements | 303 | |||
Gross Amount, Building & Improvements | 394 | |||
Gross Amount, Total | 697 | |||
Accumulated Depreciation | $ 5 | |||
Year Constructed | 2014 | |||
Date Acquired | Sep. 19, 2019 | |||
Pet Care Services | Onalaska, WI | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 403 | |||
Initial Cost to Building & Improvements | 598 | |||
Gross Amount, Land & Improvements | 403 | |||
Gross Amount, Building & Improvements | 598 | |||
Gross Amount, Total | 1,001 | |||
Accumulated Depreciation | $ 6 | |||
Year Constructed | 2011 | |||
Date Acquired | Sep. 27, 2019 | |||
Pet Care Services | Medford, OR | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 192 | |||
Initial Cost to Building & Improvements | 324 | |||
Gross Amount, Land & Improvements | 192 | |||
Gross Amount, Building & Improvements | 324 | |||
Gross Amount, Total | 516 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1990 | |||
Date Acquired | Oct. 4, 2019 | |||
Pet Care Services | Charlotte, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 860 | |||
Initial Cost to Building & Improvements | 1,657 | |||
Gross Amount, Land & Improvements | 860 | |||
Gross Amount, Building & Improvements | 1,657 | |||
Gross Amount, Total | 2,517 | |||
Accumulated Depreciation | $ 8 | |||
Year Constructed | 1996 | |||
Date Acquired | Nov. 1, 2019 | |||
Pet Care Services | Brandon, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 134 | |||
Initial Cost to Building & Improvements | 876 | |||
Gross Amount, Land & Improvements | 134 | |||
Gross Amount, Building & Improvements | 876 | |||
Gross Amount, Total | 1,010 | |||
Accumulated Depreciation | $ 4 | |||
Year Constructed | 2003 | |||
Date Acquired | Nov. 1, 2019 | |||
Pet Care Services | Indianapolis, IN | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 165 | |||
Initial Cost to Building & Improvements | 453 | |||
Gross Amount, Land & Improvements | 165 | |||
Gross Amount, Building & Improvements | 453 | |||
Gross Amount, Total | 618 | |||
Accumulated Depreciation | $ 3 | |||
Year Constructed | 1967 | |||
Date Acquired | Nov. 1, 2019 | |||
Pet Care Services | Wildwood, FL | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 350 | |||
Initial Cost to Building & Improvements | 1,165 | |||
Gross Amount, Land & Improvements | 350 | |||
Gross Amount, Building & Improvements | 1,165 | |||
Gross Amount, Total | 1,515 | |||
Accumulated Depreciation | $ 7 | |||
Year Constructed | 2005 | |||
Date Acquired | Nov. 1, 2019 | |||
Convenience Stores | Kilgore, TX | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 269 | |||
Initial Cost to Building & Improvements | 1,103 | |||
Cost Capitalized Subsequent to Acquisition Land & Improvements | (10) | |||
Cost Capitalized Subsequent to Acquisition Building & Improvements | (41) | |||
Gross Amount, Land & Improvements | 259 | |||
Gross Amount, Building & Improvements | 1,062 | |||
Gross Amount, Total | 1,321 | |||
Accumulated Depreciation | $ 86 | |||
Year Constructed | 1978 | |||
Date Acquired | Sep. 29, 2017 | |||
Convenience Stores | Farmington, NM | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 554 | |||
Initial Cost to Building & Improvements | 785 | |||
Gross Amount, Land & Improvements | 554 | |||
Gross Amount, Building & Improvements | 785 | |||
Gross Amount, Total | 1,339 | |||
Accumulated Depreciation | $ 80 | |||
Year Constructed | 1998 | |||
Date Acquired | Nov. 21, 2017 | |||
Grocery | Burlington, NC | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 762 | |||
Initial Cost to Building & Improvements | 1,300 | |||
Gross Amount, Land & Improvements | 762 | |||
Gross Amount, Building & Improvements | 1,300 | |||
Gross Amount, Total | 2,062 | |||
Accumulated Depreciation | $ 83 | |||
Year Constructed | 1992 | |||
Date Acquired | Feb. 16, 2018 | |||
Grocery | Claremore, OK | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost to Land & Improvements | $ 246 | |||
Initial Cost to Building & Improvements | 3,330 | |||
Gross Amount, Land & Improvements | 246 | |||
Gross Amount, Building & Improvements | 3,330 | |||
Gross Amount, Total | 3,576 | |||
Accumulated Depreciation | $ 23 | |||
Year Constructed | 1989 | |||
Date Acquired | Sep. 30, 2019 |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($)Property | Dec. 31, 2018USD ($)Property | |
Real Estate And Accumulated Depreciation [Line Items] | ||
Number of property locations of investments | 1,000 | 665 |
Number of owned properties | 897 | 652 |
Number of ground lease interests | 12 | 13 |
Number of real estate subject to direct financing leases | 1 | 1 |
Intangible lease assets | $ | $ 78,922 | $ 66,421 |
Aggregate cost for federal income tax | $ | 1,900,000 | |
Principal outstanding | $ | $ 239,100 | $ 515,100 |
Buildings and Improvements | Maximum | ||
Real Estate And Accumulated Depreciation [Line Items] | ||
Estimated useful life | 40 years | |
Site Improvements | ||
Real Estate And Accumulated Depreciation [Line Items] | ||
Estimated useful life | 15 years | |
Single Tenant Real Estate Property | ||
Real Estate And Accumulated Depreciation [Line Items] | ||
Number of property locations of investments | 1,000 | |
Number of owned properties | 906 | |
Number of ground lease interests | 12 | |
Number of real estate subject to direct financing leases | 5 | |
Number of real estate subject to ground leasedirect financing leases | 1 | |
Intangible lease assets | $ | $ 64,900 |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation - Schedule of Reconciliation of Carrying Value (Parenthetical) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |||
Balance, beginning of period | $ 1,306,504 | $ 866,762 | $ 396,193 |
Acquisitions | 568,680 | 495,265 | 514,354 |
Improvements | 3,283 | 1,689 | 4,666 |
Provisions for impairment of real estate | (1,527) | (1,997) | (2,277) |
Real Estate Investments Held for Sale | (1,211) | 0 | (4,044) |
Cost of real estate sold | (62,768) | (55,215) | (46,174) |
Balance, end of period | $ 1,812,961 | $ 1,306,504 | $ 866,762 |
Schedule III - Real Estate an_5
Schedule III - Real Estate and Accumulated Depreciation - Schedule of Reconciliation of Accumulated Depreciation (Parenthetical) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |||
Balance, beginning of period | $ 37,904 | $ 15,356 | $ 2,903 |
Depreciation expense | 36,354 | 24,854 | 14,045 |
Accumulated depreciation associated with real estate sold | (2,813) | (2,306) | (1,592) |
Balance, end of period | $ 71,445 | $ 37,904 | $ 15,356 |
Schedule IV - Summary of Mortga
Schedule IV - Summary of Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Mortgage Loans On Real Estate [Line Items] | ||
Face Amount of Mortgages | $ 87,029 | |
Carrying Amount of Mortgages | $ 87,029 | $ 14,854 |
First Mortgage Loans | Two Early Childhood Education Centers Located in Florida | ||
Mortgage Loans On Real Estate [Line Items] | ||
Interest rate | 8.80% | |
Final Maturity Date | May 8, 2039 | |
Periodic Payment Terms | Interest only | |
Final Payment Terms, Balloon Payment | $ 12,000,000 | |
Prior Liens | 0 | |
Face Amount of Mortgages | 12,000 | |
Carrying Amount of Mortgages | 12,000 | |
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 0 | |
First Mortgage Loans | Two Early Childhood Education Centers Located in Florida | ||
Mortgage Loans On Real Estate [Line Items] | ||
Interest rate | 8.53% | |
Final Maturity Date | Jul. 15, 2039 | |
Periodic Payment Terms | Interest only | |
Final Payment Terms, Balloon Payment | $ 7,300,000 | |
Prior Liens | 0 | |
Face Amount of Mortgages | 7,300 | |
Carrying Amount of Mortgages | 7,300 | |
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 0 | |
First Mortgage Loans | Two Family Dining Restaurants Located in Texas | ||
Mortgage Loans On Real Estate [Line Items] | ||
Interest rate | 8.10% | |
Final Maturity Date | Jun. 30, 2059 | |
Periodic Payment Terms | Principal + Interest | |
Prior Liens | $ 0 | |
Face Amount of Mortgages | 5,125 | |
Carrying Amount of Mortgages | 5,125 | |
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 0 | |
First Mortgage Loans | Sixty-nine Quick Service Restaurants Located in Fifteen States | ||
Mortgage Loans On Real Estate [Line Items] | ||
Interest rate | 8.16% | |
Final Maturity Date | Aug. 31, 2034 | |
Periodic Payment Terms | Interest only | |
Final Payment Terms, Balloon Payment | $ 28,000,000 | |
Prior Liens | 0 | |
Face Amount of Mortgages | 28,000 | |
Carrying Amount of Mortgages | 28,000 | |
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 0 | |
First Mortgage Loans | Eighteen Car Washes Located in Six States | ||
Mortgage Loans On Real Estate [Line Items] | ||
Interest rate | 8.05% | |
Final Maturity Date | Dec. 31, 2034 | |
Periodic Payment Terms | Interest only | |
Final Payment Terms, Balloon Payment | $ 34,605,000 | |
Prior Liens | 0 | |
Face Amount of Mortgages | 34,604 | |
Carrying Amount of Mortgages | 34,604 | |
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 0 |
Schedule IV - Summary of Mort_2
Schedule IV - Summary of Mortgage Loans on Real Estate (Parenthetical) (Details) - Property | Dec. 31, 2019 | Dec. 31, 2018 |
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 1,000 | 665 |
First Mortgage Loans | Two Early Childhood Education Centers Located in Florida | ||
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 2 | |
First Mortgage Loans | Two Early Childhood Education Centers Located in Florida | ||
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 2 | |
First Mortgage Loans | Two Family Dining Restaurants Located In Texas | ||
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 2 | |
First Mortgage Loans | Sixty-nine Quick service Restaurants Located In Fifteen States | ||
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 69 | |
First Mortgage Loans | Eighteen Car Washes Located in Six States | ||
Mortgage Loans On Real Estate [Line Items] | ||
Number of real estate property | 18 |
Schedule IV - Summary of Change
Schedule IV - Summary of Changes in Carrying Amounts of Mortgage Loans Receivable (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Mortgage Loans On Real Estate [Abstract] | ||
Balance, beginning of period | $ 14,854 | |
Additions | ||
New mortgage loans | 92,036 | $ 14,854 |
Deductions | ||
Collections of principal | (19,861) | |
Balance, end of period | $ 87,029 | $ 14,854 |