Investment in Marketable Securities |
3 Months Ended |
---|---|
Mar. 31, 2018 | |
Investments, All Other Investments [Abstract] | |
Investment in Marketable Securities | Investment in Marketable Securities Investment in marketable securities of $4,737 and $4,758 at March 31, 2018 and December 31, 2017, respectively, consists primarily of preferred and common stock investments in other REITs and certain real estate related bonds which are recorded at fair value on the condensed consolidated balance sheets. Dividend income is recognized when earned. During the three months ended March 31, 2018 and 2017, dividend income from marketable securities of $74 and $1,843, respectively, was recognized and is included in interest and dividend income on the condensed consolidated statements of operations and comprehensive income (loss). For the three months ended March 31, 2017, the Company recognized net proceeds from sales of marketable securities of $57,927. |