CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Net Real Estate Investments
Land	$ 200,385	$ 169,135
Buildings and improvements	1,546,244	1,244,193
Furniture, fixtures and equipment	55,050	38,446
Construction in progress	989	985
Total Gross Real Estate Investments	1,802,668	1,452,759
Accumulated depreciation	(108,911)	(55,177)
Total Net Real Estate Investments	1,693,757	1,397,582
Cash and cash equivalents	24,775	35,015
Restricted cash	27,469	29,575
Notes and accrued interest receivable from related parties	164,084	140,903
Due from affiliates	2,854	2,003
Accounts receivable, prepaids and other assets	14,395	9,689
Preferred equity investments and investments in unconsolidated real estate joint ventures	89,033	71,145
In-place lease intangible assets, net	1,768	4,635
TOTAL ASSETS	2,018,135	1,690,547
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Mortgages payable	1,206,136	939,494
Revolving credit facilities	82,209	67,670
Accounts payable	1,486	1,652
Other accrued liabilities	31,690	22,952
Due to affiliates	726	1,575
Distributions payable	12,073	14,287
Total Liabilities	1,334,320	1,047,630
Stockholders' Equity
Additional paid-in-capital	307,938	318,170
Distributions in excess of cumulative earnings	(218,531)	(164,286)
Total Stockholders' Equity	158,346	222,832
Noncontrolling Interests
Operating partnership units	27,613	42,999
Partially owned properties	28,984	20,347
Total Noncontrolling Interests	56,597	63,346
Total Equity	214,943	286,178
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY	2,018,135	1,690,547
Preferred Stock [Member]
Stockholders' Equity
Preferred Stock Value	0	0
Common Class A [Member]
Stockholders' Equity
Common Stock Value	233	242
Noncontrolling Interests
Total Equity	233	242
Redeemable Preferred Stock [Member] | Series B [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	272,842	161,742
Cumulative Preferred Stock [Member] | Series A [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	139,545	138,801
Cumulative Preferred Stock [Member] | Series C [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	56,485	56,196
Cumulative Preferred Stock [Member] | Series D [Member]
Stockholders' Equity
Preferred Stock Value	68,705	68,705
Common Class C [Member]
Stockholders' Equity
Common Stock Value	1	1
Noncontrolling Interests
Total Equity	$ 1	$ 1