CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental income	$ 129,118	$ 117,221	$ 49,532
Hotel revenue	26,125	22,742	2,254
Operating expense reimbursements and other revenue	19,278	15,604	4,101
Total revenues	174,521	155,567	55,887
Operating expenses:
Property operating	43,752	37,209	12,546
Hotel operating	25,366	23,736	2,372
Operating fees incurred from the Advisor	12,465	8,397	0
Acquisition and transaction related	3,771	16,083	17,417
Vesting of asset management fees	0	11,500	0
Value of Listing Note	0	33,479	0
General and administrative	27,345	12,337	1,019
Depreciation and amortization	82,716	84,799	31,751
Total operating expenses	195,415	227,540	65,105
Operating loss	(20,894)	(71,973)	(9,218)
Other income (expenses):
Interest expense	(29,362)	(23,720)	(10,673)
Income (loss) from unconsolidated joint venture	1,939	(1,499)	(95)
Income from preferred equity investment, investment securities and interest	1,103	2,906	670
Gain on sale of real estate investment, net	7,523	0	0
Gain (loss) on derivative instruments	(578)	1	5
Total other expenses	(19,375)	(22,312)	(10,093)
Net loss	(40,269)	(94,285)	(19,311)
Net loss attributable to non-controlling interests	1,188	1,257	32
Net loss attributable to stockholders	(39,081)	(93,028)	(19,279)
Other comprehensive income (loss):
Unrealized gain (loss) on derivatives	(177)	(687)	1,320
Unrealized gain (loss) on investment securities	(244)	484	(240)
Total other comprehensive income (loss)	(421)	(203)	1,080
Comprehensive loss attributable to stockholders	$ (39,502)	$ (93,231)	$ (18,199)
Basic and diluted weighted average common shares outstanding (in shares)	162,165,580	166,959,316	73,074,872
Basic and diluted net loss per share attributable to stockholders (in usd per share)	$ (0.24)	$ (0.56)	$ (0.26)
Dividends declared per common share (in usd per share)	$ 0.46	$ 0.490	$ 0.605