Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments:
Rental properties, net	$ 709,204	$ 735,530
Cash	30,723	39,647
Restricted cash	8,464	6,534
Subtotal - cash and restricted cash	39,187	46,181
Tenant receivables, net	240	107
Due from related parties	1	297
Prepaid expenses and other assets	3,181	2,109
Operating lease right-of-use assets	18	38
Total assets	751,831	784,262
Liabilities:
Mortgage notes payable, net	542,525	547,875
Accounts payable and accrued expenses	4,687	6,435
Accrued real estate taxes	7,986	5,029
Due to related parties	1,434	432
Tenant prepayments	587	634
Security deposits	1,668	1,513
Distributions payable		5,993
Operating lease liabilities	18	38
Total liabilities	558,905	567,949
Stockholders’ equity:
Preferred stock (par value $.01, 10,000,000 shares authorized, none issued and outstanding)	0	0
Common stock, outstanding	601	600
Additional paid-in capital	529,281	528,464
Accumulated other comprehensive loss	(225)	(189)
Accumulated deficit	(336,732)	(312,563)
Total stockholders’ equity	192,926	216,313
Total liabilities and stockholders’ equity	751,831	784,262
Convertible Stock
Stockholders’ equity:
Common stock, outstanding	1	1
Total stockholders’ equity	$ 1	$ 1