Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Net investment in real estate properties	$ 878,721	$ 301,371
Cash and cash equivalents	51,178	19,016
Restricted cash	0	5
Straight-line and tenant receivables	4,590	1,394
Due from affiliates	153	517
Acquisition deposits	500	675
Other assets	3,631	475
Total assets	938,773	323,453
Liabilities
Accounts payable and accrued liabilities	5,258	1,190
Debt, net	460,211	117,833
Notes payable to stockholders, net of debt issuance costs	0	376
Due to affiliates	30,538	18,439
Distributions payable	2,241	920
Distribution fees payable to affiliates	16,467	7,457
Other liabilities	16,855	5,465
Total liabilities	531,570	151,680
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest	724	0
Stockholders’ equity:
Preferred stock, $0.01 par value - 200,000 shares authorized, none issued and outstanding	0	0
Additional paid-in capital	451,526	180,125
Accumulated deficit	(47,730)	(8,556)
Accumulated other comprehensive income	2,190	0
Total stockholders’ equity	406,478	171,772
Noncontrolling interests	1	1
Total equity	406,479	171,773
Total liabilities and equity	938,773	323,453
Class T
Stockholders’ equity:
Common stock, $0.01 par value per share	452	198
Class W
Stockholders’ equity:
Common stock, $0.01 par value per share	27	2
Class I
Stockholders’ equity:
Common stock, $0.01 par value per share	$ 13	$ 3