Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents		$ 27,634	$ 28,623
Restricted cash		12,993	12,904
Real estate:
Land		122,482	122,482
Building and improvements		819,224	819,224
Tenant origination and absorption cost		240,364	240,364
Construction in progress		272	144
Total real estate		1,182,342	1,182,214
Less: accumulated depreciation and amortization		(139,599)	(128,570)
Total real estate, net		1,042,743	1,053,644
Intangible assets, net		2,831	2,923
Due from affiliates		1,273	1,202
Deferred rent		32,321	31,189
Other assets, net		5,203	6,850
Total assets		1,124,998	1,137,335
LIABILITIES AND EQUITY
Total debt		492,349	481,955
Restricted reserves		11,636	11,565
Distributions payable		1,930	3,650
Due to affiliates		12,168	19,048
Below market leases, net		44,979	46,229
Accrued expenses and other liabilities		12,961	21,023
Total liabilities		576,023	583,470
Commitments and contingencies
Common stock subject to redemption		37,274	37,357
Stockholders' equity:
Common Stock, $0.001 par value - Authorized:800,000,000; 77,881,873 and 77,525,973 shares outstanding in the aggregate, as of March 31, 2019 and December 31, 2018, respectively (1)	[1]	77	76
Additional paid-in capital		659,998	656,500
Cumulative distributions		(135,813)	(125,297)
Accumulated deficit		(17,593)	(15,953)
Total stockholders' equity		506,669	515,326
Noncontrolling interests		5,032	1,182
Total equity		511,701	516,508
Total liabilities and equity		$ 1,124,998	$ 1,137,335

[1] See Note 7, Equity, for the number of shares outstanding of each class of common stock as of March 31, 2019 and December 31, 2018.