Note 2 - Sale of Common Stock, Formation Transactions and Preferred Stock Redemption

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Sale of Common Stock and Formation Transactions [Text Block]

2.

Sale of Common Stock, Formation Transactions and Preferred Stock Redemption

As discussed in Note

1,

in

February 2017,

the Company sold an aggregate of

6,390,149

primary shares of common stock (including the exercise of the over-allotment option, which closed on

March 10, 2017)

to investors in a public offering at

$13.50

per share. The proceeds, net of offering costs, were approximately

$78,685.

The Company contributed the net proceeds of the offering to the Operating Partnership in exchange for units in the Operating Partnership, as described in Note

1.

On

June 21, 2017,

the Company redeemed its Series A cumulative non-voting preferred stock for

$145.