CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Real estate assets, at cost	$ 599,733	$ 594,569
Accumulated depreciation and amortization	131,654	117,652
Real estate assets, net	468,079	476,917
Cash and cash equivalents	132	1,033
Restricted cash	21,782	26,078
Accrued rent and accounts receivable, net	16,228	12,576
Notes receivable - related party	16,537	17,288
Deferred leasing commission costs, net	11,584	10,790
Goodwill	250	250
Prepaid expenses and other assets	3,020	735
Due from related parties	537	2,130
Investment in affiliate	8,978	8,978
Total assets	547,127	556,775
Liabilities:
Notes payable, net	306,624	303,039
Accounts payable and accrued expenses	16,519	23,444
Tenants' security deposits	5,114	5,286
Total liabilities	328,257	331,769
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 200,000,000 convertible, non-voting shares authorized, 1,000 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	0	0
Common stock, $0.001 par value, 750,000,000 authorized, 18,417,687 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	18	18
Additional paid-in capital	174,019	174,019
Accumulated distributions and net loss	(113,373)	(109,406)
Total stockholders' equity	60,664	64,631
Noncontrolling interests in subsidiary	158,206	160,375
Total equity	218,870	225,006
Total liabilities and equity	$ 547,127	$ 556,775