CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Cash and cash equivalents	$ 43,331	$ 46,977
Self-Storage Investment Portfolio:
Development property investments at fair value, of which $60.5 million and $59.9 million of funded principal is pledged as collateral against the Company’s secured revolving credit facility and senior loan participation as of June 30, 2018 and December 31, 2017, respectively	302,245	228,233
Bridge loan investments at fair value, of which $78.6 million of funded principal is pledged as collateral against the Company's secured revolving credit facility as of June 30, 2018	79,581
Operating property loans at fair value, of which $6.0 million of funded principal is pledged as collateral against the Company's secured revolving credit facility as of June 30, 2018 and December 31, 2017	5,862	5,938
Self-storage real estate owned, net	59,835	15,355
Investment in and advances to self-storage real estate venture	14,846	13,856
Other loans, at cost	1,361	1,313
Deferred financing costs	1,644	2,004
Prepaid expenses and other assets	975	776
Fixed assets, net	180	182
Total assets	509,860	314,634
Liabilities:
Senior loan participations		718
Secured revolving credit facility
Due to Manager	1,887	1,484
Accounts payable, accrued expenses and other liabilities	2,916	1,138
Dividends payable	11,319	5,474
Total liabilities	16,122	8,814
Total liabilities and equity	509,860	314,634
Equity:
Common stock, $0.01 par value, 500,000,000 shares authorized at June 30, 2018 and December 31, 2017; 19,254,141 and 14,429,055 issued and outstanding at June 30, 2018 and December 31, 2017, respectively	192	144
Additional paid-in capital	361,636	276,814
Accumulated deficit	(12,721)	(8,902)
Total equity	493,738	305,820
Series A Preferred Stock [Member]
Equity:
Preferred stock, $0.01 par value	107,168	37,764
Total equity	107,168	$ 37,764
Series B Preferred Stock [Member]
Equity:
Preferred stock, $0.01 par value	37,463
Total equity	$ 37,463