Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of Assets and Associated Liabilities Held for Sale

As of December 31, 2019, assets held for sale consisted of the following amounts (in thousands):

	December 31, 2019
Investment property, net	$	49,823
Tenant and other receivables, net	74
Other assets	91
Total assets held for sale	$	49,988

As of December 31, 2019, liabilities associated with assets held for sale consisted of the following (in thousands):

	December 31, 2019
Accounts payable and accrued expenses	$	192
Other liabilities	225
Notes payable, net	34,296
Total liabilities associated with assets held for sale	$	34,713

Schedule of Other Assets

Other assets included the following (in thousands):

	December 31, 2019			December 31, 2018
Prepaid insurance	726			493
Prepaid property taxes	589			80
Deferred tax assets (1)	2,973			844
Other	932			490
Other assets	$	5,220	(2)	$	1,907

(1) Includes the effects of a valuation allowance of $1.8 million and $0.8 million as of December 31, 2019 and 2018, respectively.

(2) Includes $0.1 million classified as other assets within assets held for sale as of December 31, 2019.

Schedule of Lease Maturity

A reconciliation of the Company’s lease liabilities on an undiscounted cash flow basis for the ground lease at Łódź Urban Logistics for each of the years ending December 31, 2020 through December 31, 2024 are as follows (in thousands):

	Lease Payments
2020	$	93
2021	93
2022	93
2023	93
2024	93
Thereafter	6,024
Total	$	6,489
Operating lease liability	$	1,583
Undiscounted excess amount	$	4,906