Consolidated Statements of Cash Flows $ in Thousands	4 Months Ended	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($)
Cash flows from operating activities:
Net loss	$ 0	$ (17,968)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	0	24,786
Unrealized gain on changes in fair value of real estate-related securities	0	(1,635)
Realized loss on settlement of real estate-related securities	0	177
Straight-line rent adjustment	0	(567)
Amortization of above- and below-market lease intangibles	0	(365)
Amortization of below-market and prepaid ground lease intangible	0	77
Amortization of deferred financing costs	0	269
Amortization of restricted stock grant	0	52
Bad debt expense	0	154
Change in assets and liabilities:
(Increase) / decrease in other assets	0	(6,277)
Increase / (decrease) in due to affiliates	0	7,634
Increase / (decrease) in accounts payable, accrued expenses, and other liabilities	0	13,147
Net cash provided by operating activities	0	19,484
Cash flows from investing activities:
Acquisitions of real estate	0	(1,509,640)
Capital improvements to real estate	0	(461)
Pre-acquisition costs	0	(1,123)
Purchase of real estate-related securities	0	(300,040)
Proceeds from settlement of real estate-related securities	0	16,596
Net cash used in investing activities	0	(1,794,668)
Cash flows from financing activities:
Proceeds from issuance of common stock	0	894,650
Offering costs paid	0	(10,102)
Subscriptions received in advance	0	88,657
Borrowings from mortgage notes, term loan, and revolving credit facility	0	723,304
Borrowings under repurchase agreements	0	182,154
Settlement of repurchase agreements	0	(12,571)
Borrowings from affiliate line of credit	0	178,208
Repayments on affiliate line of credit	0	(134,500)
Payment of deferred financing costs	0	(8,742)
Distributions	0	(1,917)
Net cash provided by financing activities	0	1,899,141
Net change in cash and cash equivalents and restricted cash	0	123,957
Cash and cash equivalents and restricted cash, beginning of period	200	200
Cash and cash equivalents and restricted cash, end of period	200	124,157
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheet:
Cash and cash equivalents	200	31,296
Restricted cash	0	92,861
Cash and cash equivalents and restricted cash, end of period	200	124,157
Non-cash investing and financing activities:
Assumption of other liabilities in conjunction with acquisitions of real estate	0	10,459
Accrued capital expenditures and acquisition related costs	0	1,003
Accrued pre-acquisition costs	0	585
Accrued distributions	0	4,083
Accrued stockholder servicing fee due to affiliate	0	53,385
Accrued offering costs due to affiliate	0	6,882
Distribution reinvestment	0	4,270
Payable for real-estate related securities	0	6,647
Accrued deferred financing costs	$ 0	$ 142