Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Investments in real estate, net	$ 1,430,515
Investments in real estate-related securities	291,549
Cash and cash equivalents	31,296	$ 200
Restricted cash	92,861
Intangible assets, net	77,596
Other assets	10,781
Total assets	1,934,598	200
Liabilities and Equity
Mortgage notes, term loan, and revolving credit facility, net	717,072
Repurchase agreements	169,583
Affiliate line of credit	43,708
Subscriptions received in advance	88,657
Due to affiliates	68,492	86
Accounts payable, accrued expenses, and other liabilities	46,636	29
Total liabilities	1,134,148	115
Commitments and contingencies
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of June 30, 2017 and December 31, 2016
Additional paid-in capital	827,914	200
Accumulated deficit and cumulative distributions	(28,353)	(115)
Total equity	800,450	85
Total liabilities and equity	1,934,598	200
Class S Shares [Member]
Equity
Common stock value	714
Class T Shares [Member]
Equity
Common stock value
Class D Shares [Member]
Equity
Common stock value	2
Class I Shares [Member]
Equity
Common stock value	$ 173