Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Investments in real estate, net	$ 410,065
Investments in real estate-related securities	107,195
Investments in unconsolidated real estate ventures	12,568
Cash and cash equivalents	31,038	$ 164,021
Restricted cash	55,515	900
Other assets	8,634	42
Total assets	625,015	164,963
Liabilities and Equity
Mortgage notes, net	257,791
Repurchase agreements	63,567
Accounts payable, accrued expenses and other liabilities	57,553	1,087
Due to affiliates	21,119	16,754
Total liabilities	400,030	17,841
Commitments and contingencies
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of March 31, 2019 and December 31, 2018
Additional paid-in capital	230,689	148,770
Accumulated deficit and cumulative distributions	(5,828)	(1,729)
Total equity	224,985	147,122
Total liabilities and equity	625,015	164,963
Common Stock Class T
Equity
Common stock value	2
Common Stock Class S
Equity
Common stock value	83	66
Common Stock Class D
Equity
Common stock value	3
Common Stock Class I
Equity
Common stock value	$ 36	$ 15