CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Real estate assets, at cost	$ 594,569	$ 583,112
Accumulated depreciation and amortization	(117,652)	(89,840)
Real estate assets, net	476,917	493,272
Cash and cash equivalents	1,033	17,780
Restricted cash	26,078	33,696
Accrued rent and accounts receivable, net	12,576	11,881
Notes receivable - related party	17,288	6,676
Deferred leasing commission costs, net	10,790	8,301
Goodwill	250	250
Prepaid expenses and other assets	735	1,249
Due from related parties	2,130	0
Investment in affiliate	8,978	8,978
Total assets	556,775	582,083
Liabilities:
Notes payable, net	303,039	305,907
Due to related parties	0	1,496
Accounts payable and accrued expenses	23,444	21,335
Tenants' security deposits	5,286	4,864
Total liabilities	331,769	333,602
Commitments and contingencies (Note 14)
Stockholders' equity:
Preferred stock, $0.001 par value, 200,000,000 convertible, non-voting shares authorized, 1,000 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	0	0
Common stock, $0.001 par value, 750,000,000 authorized, 18,417,687 shares and 17,711,384 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	18	18
Additional paid-in capital	174,019	165,084
Accumulated distributions and net loss	(109,406)	(95,162)
Total stockholders' equity	64,631	69,940
Non-controlling interests	160,375	178,541
Total equity	225,006	248,481
Total liabilities and equity	$ 556,775	$ 582,083