BUSINESS AND ORGANIZATION - Organization (Details)
$ / shares in Units, $ in Thousands |
|
|
|
3 Months Ended |
9 Months Ended |
|
Jul. 12, 2021
property
shares
|
Jun. 30, 2021
property
shares
|
Nov. 26, 2019
USD ($)
property
$ / shares
shares
|
Sep. 30, 2021
USD ($)
D
property
|
Sep. 30, 2021
USD ($)
D
property
$ / shares
shares
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Gross proceeds form the issuance of common stock |
|
|
|
|
$ 64,961
|
| Share issued | shares |
|
|
421,053
|
|
|
| Aggregate offer price |
|
|
$ 8,000
|
$ (38)
|
$ 64,961
|
| Cash investment |
|
|
15,500
|
|
|
| Cash Received from Private Placement |
|
|
$ 125,900
|
|
|
| Number of properties acquired | property |
|
|
15
|
|
|
| Number of contributed properties | property |
|
|
5
|
|
|
| OP units exchanged | shares |
|
|
1,223,854
|
|
|
| Value of OP units converted |
|
|
$ 23,300
|
|
|
| Net Transactions with Consolidated-Tomoka Land Co. |
|
|
12,000
|
|
|
| Underwriting fees |
|
|
$ 9,400
|
|
|
| Percentage of outstanding common stock |
|
|
22.30%
|
|
|
| Stock split ratio |
|
|
1
|
|
|
| Percentage of ownership interest in limited liability company |
|
|
|
|
3.70%
|
| Partners' capital account, units issued | shares |
54,689
|
424,951
|
|
|
479,640
|
| Partners' capital account, units issued, value |
|
|
|
|
$ 9,000
|
| Partners' capital account, units issued, value per unit | $ / shares |
|
|
|
|
$ 18.85
|
| Number of trailing days | D |
|
|
|
10
|
10
|
| Number of lease properties acquired | property |
1
|
9
|
|
10
|
10
|
| REIT Eligibility, Distributable , Minimum Percentage of Taxable Income, Excluding Net Capital Gains |
|
|
|
90.00%
|
90.00%
|
| IPO |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Price per share | $ / shares |
|
|
$ 19.00
|
|
|
| Gross proceeds form the issuance of common stock |
|
|
$ 142,500
|
|
|
| Share issued | shares |
|
|
7,500,000
|
|
|
| Private Placement |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Share issued | shares |
|
|
394,737
|
|
|
| Aggregate offer price |
|
|
$ 7,500
|
|
|
| Single-tenant |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Number of properties acquired | property |
|
|
15
|
|
|
| Number of contributed properties | property |
|
|
5
|
|
|
| PINE GP | Operating Partnership |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Ownership interest in Operating partnership |
|
|
|
|
86.90%
|
| CTO |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Aggregate offer price |
|
|
$ 8,000
|
|
|
| Percentage of outstanding common stock |
|
|
22.30%
|
|
|
| Stock split ratio |
|
|
1
|
|
|
| Partners' capital account, units issued | shares |
|
|
|
|
1,223,854
|
| CTO | Operating Partnership |
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
| Ownership interest of Manager in Operating partnership |
|
|
|
|
9.40%
|
| Partners' capital account, units issued | shares |
|
|
|
|
1,223,854
|