CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Real estate assets, at cost	$ 607,470	$ 594,569
Accumulated depreciation and amortization	(138,894)	(117,652)
Real estate assets, net	468,576	476,917
Cash and cash equivalents	321	1,033
Restricted cash	24,125	26,078
Accrued rent and accounts receivable, net	14,269	12,576
Notes receivable - related party	1,726	17,288
Deferred leasing commission costs, net	11,148	10,790
Goodwill	250	250
Acquired intangibles	8,685	0
Prepaid expenses and other assets	2,142	735
Real estate held for development	5,130	0
Due from related parties	1,142	2,130
Investment in affiliate	201	8,978
Total assets	537,715	556,775
Liabilities:
Notes payable, net	303,628	303,039
Accounts payable and accrued expenses	27,749	23,444
Tenants' security deposits	5,286	5,286
Total liabilities	336,663	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 September 30, 2020 and December 31, 2019, respectively	0	0
Common stock, $0.001 par value, 750,000,000 authorized, 35,306,889 shares and 18,417,687 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	35	18
Additional paid-in capital	310,818	174,019
Accumulated distributions and net loss	(120,419)	(109,406)
Total stockholders' equity	190,434	64,631
Noncontrolling interests in subsidiary	10,618	160,375
Total equity	201,052	225,006
Total liabilities and equity	$ 537,715	$ 556,775