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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets [Abstract]    
Investment property, net $ 1,254,304 $ 787,189
Investments in real estate-related securities 36,491 9,599
Cash and cash equivalents 45,875 27,138
Restricted cash 10,563 9,848
Derivative instruments 163 174
Tenant and other receivables, net 14,160 8,995
Intangible lease assets, net 98,537 90,697
Right-of-use asset, net 37,606 0
Deferred leasing costs, net 18,418 13,282
Deferred financing costs, net 2,311 0
Other assets 5,129 1,907
Assets held for sale 49,988 0
Total assets 1,573,545 948,829
Liabilities:    
Accounts payable and accrued expenses 29,838 26,186
Due to affiliates 42,782 26,022
Intangible lease liabilities, net 19,633 18,034
Other liabilities 21,428 55,391
Operating lease liability 1,583 0
Derivative instruments 1,079 0
Distributions payable 3,837 2,024
Note payable to affiliate 75,000 55,000
Notes payable, net 752,131 487,439
Liabilities associated with assets held for sale 34,713 0
Total liabilities 982,024 670,096
Commitments and contingencies (Note 12) 0 0
Stockholders’ equity:    
Preferred shares, $0.001 par value per share; 500,000 preferred shares authorized, none issued or outstanding as of December 31, 2019 and December 31, 2018 0 0
Common shares (Note 7) 83 44
Additional paid-in capital 735,545 371,274
Accumulated distributions in excess of earnings (146,830) (91,711)
Accumulated other comprehensive income (loss) 2,723 (874)
Total stockholders’ equity 591,521 278,733
Noncontrolling interests 0 0
Total equity 591,521 278,733
Total liabilities and equity $ 1,573,545 $ 948,829