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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (2,436) $ (725)
Adjustments to reconcile net loss to net cash used in operating activities    
Income tax benefit (769)  
Depreciation and amortization 2,595 4
Minimum return on basis preferred interest (244)  
Straight-line rent receivable (149)  
Straight-line rent liability (2)  
Change in fair value of derivatives 635  
Bad debt expense 141 66
Changes in operating assets and liabilities    
Accounts receivable (413) (141)
Other assets 797 224
Receivables due from related parties 24 (70)
Accounts payable and accrued liabilities (1,404) (107)
Payables due to related parties (11) (8)
Deferred revenues (150) (15)
Net cash used in operating activities (1,386) (772)
Cash flows from investing activities    
Acquisitions of real estate (1,898)  
Capitalized pre-acquisition costs, net (5) (340)
Capital expenditures for real estate (373)  
Capital expenditures for corporate property   (4)
Net cash used in investing activities (2,276) (344)
Cash flows from financing activities    
Borrowings under debt agreements 1,436  
Repayments under debt agreements (2,887) (73)
Offering costs (1)  
Debt origination and discount fees (63)  
Distributions to members   (138)
Proceeds from related parties 489 1,377
Payments to related parties (205) (15)
Net cash (used in) provided by financing activities (1,231) 1,151
(Decrease) increase in cash, cash equivalents, and restricted cash (4,893) 35
Cash, cash equivalents and restricted cash at beginning of period 11,595 138
Cash, cash equivalents and restricted cash at end of period 6,702 173
Supplemental Cash Flow Information    
Interest paid 1,615 69
Taxes paid, net 197  
Accrued offering costs 457 616
Accrued pre-acquisition costs 106 88
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 4,809 173
Restricted cash 1,893  
Cash, cash equivalents and restricted cash at end of period $ 6,702 $ 173