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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total Company’s Stockholders’ Equity
Non-controlling Interests
Beginning Balance (in shares) at Dec. 31, 2018   188,495,000          
Beginning Balance at Dec. 31, 2018 $ 744,374 $ 1,885 $ 1,697,998 $ (958,924) $ (2,284) $ 738,675 $ 5,699
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   352,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation 45   45     45  
Non-controlling interests - contributions 256           256
Non-controlling interests - distributions (72)           (72)
Shares redeemed for cash (in shares)   (279,000)          
Shares redeemed for cash (1,978) $ (3) (1,975)     (1,978)  
Distributions declared (5,413)     (5,413)   (5,413)  
Proceeds from distribution reinvestment plan (in shares)   687,000          
Proceeds from distribution reinvestment plan 4,876 $ 7 4,869     4,876  
Other comprehensive income (loss) 200       200 200  
Net income (loss) (18,669)     (18,617)   (18,617) (52)
Ending Balance (in shares) at Mar. 31, 2019   189,255,000          
Ending Balance at Mar. 31, 2019 726,119 $ 1,893 1,703,433 (982,954) (2,084) 720,288 5,831
Beginning Balance (in shares) at Dec. 31, 2018   188,495,000          
Beginning Balance at Dec. 31, 2018 744,374 $ 1,885 1,697,998 (958,924) (2,284) 738,675 5,699
Increase (Decrease) in Stockholder's Equity              
Other comprehensive income (loss) (88)            
Net income (loss) (50,826)            
Ending Balance (in shares) at Sep. 30, 2019   189,219,000          
Ending Balance at Sep. 30, 2019 693,360 $ 1,893 1,703,086 (1,014,724) (2,372) 687,883 5,477
Beginning Balance (in shares) at Mar. 31, 2019   189,255,000          
Beginning Balance at Mar. 31, 2019 726,119 $ 1,893 1,703,433 (982,954) (2,084) 720,288 5,831
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   352,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation (in shares)   25,000          
Issuance and amortization of equity-based compensation 46   46     46  
Non-controlling interests - contributions 62           62
Non-controlling interests - distributions (67)           (67)
Shares redeemed for cash (in shares)   (450,000)          
Shares redeemed for cash (3,204) $ (5) (3,199)     (3,204)  
Other comprehensive income (loss) (1,074)       (1,074) (1,074)  
Net income (loss) (17,460)     (17,146)   (17,146) (314)
Ending Balance (in shares) at Jun. 30, 2019   189,182,000          
Ending Balance at Jun. 30, 2019 706,922 $ 1,892 1,702,776 (1,000,100) (3,158) 701,410 5,512
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   352,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation 45   45     45  
Non-controlling interests - contributions 112           112
Non-controlling interests - distributions (74)           (74)
Shares redeemed for cash (in shares)   (315,000)          
Shares redeemed for cash (2,234) $ (3) (2,231)     (2,234)  
Other comprehensive income (loss) 786       786 786  
Net income (loss) (14,697)     (14,624)   (14,624) (73)
Ending Balance (in shares) at Sep. 30, 2019   189,219,000          
Ending Balance at Sep. 30, 2019 $ 693,360 $ 1,893 1,703,086 (1,014,724) (2,372) 687,883 5,477
Beginning Balance (in shares) at Dec. 31, 2019 189,111,561 189,111,000          
Beginning Balance at Dec. 31, 2019 $ 667,504 $ 1,891 1,702,260 (1,041,297) (470) 662,384 5,120
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   400,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation 38   38     38  
Non-controlling interests - contributions 86           86
Non-controlling interests - distributions (85)           (85)
Shares redeemed for cash (in shares)   (320,000)          
Shares redeemed for cash (1,998) $ (3) (1,995)     (1,998)  
Other comprehensive income (loss) (1,044)       (1,044) (1,044)  
Net income (loss) (12,547)     (12,481)   (12,481) (66)
Ending Balance (in shares) at Mar. 31, 2020   189,191,000          
Ending Balance at Mar. 31, 2020 $ 654,454 $ 1,892 1,702,799 (1,053,778) (1,514) 649,399 5,055
Beginning Balance (in shares) at Dec. 31, 2019 189,111,561 189,111,000          
Beginning Balance at Dec. 31, 2019 $ 667,504 $ 1,891 1,702,260 (1,041,297) (470) 662,384 5,120
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares) 1,200,000            
Other comprehensive income (loss) $ (399)            
Net income (loss) $ (170,700)            
Ending Balance (in shares) at Sep. 30, 2020 190,020,662 190,020,000          
Ending Balance at Sep. 30, 2020 $ 502,047 $ 1,900 1,707,876 (1,211,046) (869) 497,861 4,186
Beginning Balance (in shares) at Mar. 31, 2020   189,191,000          
Beginning Balance at Mar. 31, 2020 654,454 $ 1,892 1,702,799 (1,053,778) (1,514) 649,399 5,055
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   400,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation (in shares)   29,000          
Issuance and amortization of equity-based compensation 39   39     39  
Non-controlling interests - contributions 7           7
Non-controlling interests - distributions (54)           (54)
Other comprehensive income (loss) 186       186 186  
Net income (loss) (139,995)     (139,281)   (139,281) (714)
Ending Balance (in shares) at Jun. 30, 2020   189,620,000          
Ending Balance at Jun. 30, 2020 517,137 $ 1,896 1,705,334 (1,193,059) (1,328) 512,843 4,294
Increase (Decrease) in Stockholder's Equity              
Share-based payment of advisor asset management fees (in shares)   400,000          
Share-based payment of advisor asset management fees 2,500 $ 4 2,496     2,500  
Issuance and amortization of equity-based compensation (in shares)   0          
Issuance and amortization of equity-based compensation 46   46     46  
Non-controlling interests - contributions 75           75
Non-controlling interests - distributions (12)           (12)
Other comprehensive income (loss) 459       459 459  
Net income (loss) $ (18,158)     (17,987)   (17,987) (171)
Ending Balance (in shares) at Sep. 30, 2020 190,020,662 190,020,000          
Ending Balance at Sep. 30, 2020 $ 502,047 $ 1,900 $ 1,707,876 $ (1,211,046) $ (869) $ 497,861 $ 4,186