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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Net Real Estate Investments    
Land $ 273,043,000 $ 268,244,000
Buildings and improvements 1,807,386,000 1,752,738,000
Furniture, fixtures and equipment 73,797,000 67,904,000
Total Gross Real Estate Investments 2,154,226,000 2,088,886,000
Accumulated depreciation (177,124,000) (141,566,000)
Total Net Real Estate Investments 1,977,102,000 1,947,320,000
Cash and cash equivalents 91,836,000 31,683,000
Restricted cash 34,744,000 19,085,000
Notes and accrued interest receivable 202,649,000 193,781,000
Due from affiliates 314,000 2,969,000
Accounts receivable, prepaids and other assets 26,954,000 16,317,000
Preferred equity investments and investments in unconsolidated real estate joint ventures 108,098,000 126,444,000
In-place lease intangible assets, net 522,000 3,098,000
Total Assets 2,442,219,000 2,340,697,000
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    
Mortgages payable 1,427,542,000 1,425,257,000
Revolving credit facilities   18,000,000
Mandatorily redeemable preferred stock 34,833,000  
Accounts payable 1,596,000 1,488,000
Other accrued liabilities 36,664,000 27,499,000
Due to affiliates 602,000 790,000
Distributions payable 14,964,000 13,541,000
Total Liabilities 1,516,201,000 1,486,575,000
Stockholders' Equity    
Additional paid-in-capital 323,064,000 311,683,000
Distributions in excess of cumulative earnings (283,537,000) (253,132,000)
Total Stockholders' Equity 106,641,000 127,491,000
Noncontrolling Interests    
Operating Partnership units 13,531,000 19,331,000
Partially owned properties 26,456,000 28,839,000
Total Noncontrolling Interests 39,987,000 48,170,000
Total Equity 146,628,000 175,661,000
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY 2,442,219,000 2,340,697,000
Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock Value 0 0
Class A Common Stock [Member]    
Stockholders' Equity    
Common Stock Value 246,000 234,000
Noncontrolling Interests    
Total Equity 246,000 234,000
Class C Common Stock [Member]    
Stockholders' Equity    
Common Stock Value 1,000 1,000
Noncontrolling Interests    
Total Equity 1,000 1,000
Cumulative Redeemable Preferred Stock | Series A [Member]    
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    
Redeemable Preferred Stock 102,656,000 140,355,000
Cumulative Redeemable Preferred Stock | Series C [Member]    
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    
Redeemable Preferred Stock 56,373,000 56,797,000
Cumulative Redeemable Preferred Stock | Series D [Member]    
Stockholders' Equity    
Preferred Stock Value 66,867,000 68,705,000
Redeemable Preferred Stock [Member] | Series B [Member]    
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    
Redeemable Preferred Stock 469,538,000 480,921,000
Redeemable Preferred Stock [Member] | Series T    
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    
Redeemable Preferred Stock $ 150,823,000 $ 388,000