Subsequent Events	6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events Subsequent to June 30, 2020, the global economy has continued to be severely impacted by the COVID-19 pandemic. As of July 31, 2020, in addition to the $3.8 million of rent deferrals and $874,000 of rent abatements granted during the three months ended June 30, 2020, the Company deferred an additional $1.0 million of rental income for the month of July, 2020. Subsequent to June 30, 2020, the Company entered into a new partnership agreement with the JV Partner. The new partnership was formed for the purpose of developing a 411 unit multifamily property on a parcel of land that is currently held in land and building held for development, net. Under the new partnership agreement, the Company will be the 98.2% managing member with the JV Partner holding the remaining 1.8% limited partnership interest. The property is anticipated to be constructed over a period of 24 to 36 months at an estimated development cost of $110 million to $120 million excluding land cost.

Subsequent Events

6 Months Ended

Jun. 30, 2020

11. Subsequent Events

Subsequent to June 30, 2020, the global economy has continued to be severely impacted by the COVID-19 pandemic. As of July 31, 2020, in addition to the $3.8 million of rent deferrals and $874,000 of rent abatements granted during the three months ended June 30, 2020, the Company deferred an additional $1.0 million of rental income for the month of July, 2020.

Subsequent to June 30, 2020, the Company entered into a new partnership agreement with the JV Partner. The new partnership was formed for the purpose of developing a 411 unit multifamily property on a parcel of land that is currently held in land and building held for development, net. Under the new partnership agreement, the Company will be the 98.2% managing member with the JV Partner holding the remaining 1.8% limited partnership interest. The property is anticipated to be constructed over a period of 24 to 36 months at an estimated development cost of $110 million to $120 million excluding land cost.