Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Total revenues	$ 76,920	$ 24,026	$ 205,422	$ 58,184
Expenses
Operating expenses	29,504	10,855	77,167	26,889
General and administrative	2,023	1,076	6,163	2,877
Management fees	5,018	1,713	13,560	2,793
Performance participation allocation	0	2,286	46	5,501
Depreciation and amortization	38,543	8,444	107,993	20,852
Total expenses	75,088	24,374	204,929	58,912
Other income (expense)
Loss from unconsolidated real estate ventures	(666)	(233)	(887)	(46)
Income (loss) from real estate-related securities, net	11,068	3,323	(27)	6,868
Interest expense	(22,539)	(6,153)	(65,448)	(15,625)
Other (expense) income, net	(192)	335	(29)	389
Total other expense	(12,329)	(2,728)	(66,391)	(8,414)
Net loss	(10,497)	(3,076)	(65,898)	(9,142)
Net loss attributable to non-controlling interests in consolidated joint ventures	139	25	1,186	43
Net loss attributable to non-controlling interests in Operating Partnership	43		458
Net loss attributable to stockholders	$ (10,315)	$ (3,051)	$ (64,254)	$ (9,099)
Net loss per share of common stock, basic and diluted	$ (0.14)	$ (0.12)	$ (0.96)	$ (0.52)
Weighted-average shares of common stock outstanding, basic and diluted	74,215,048	25,638,557	66,696,838	17,492,457
Rental revenue
Revenues
Total revenues	$ 71,896	$ 13,184	$ 186,688	$ 25,154
Hotel revenue
Revenues
Total revenues	4,420	10,238	17,134	31,380
Other revenue
Revenues
Total revenues	604	604	1,600	1,650
Rental property operating
Expenses
Operating expenses	25,915	4,724	64,873	9,219
Hotel operating
Expenses
Operating expenses	$ 3,589	$ 6,131	$ 12,294	$ 17,670