CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Net Real Estate Investments
Land	$ 65,057	$ 37,909
Buildings and improvements	474,608	240,074
Furniture, fixtures and equipment	17,155	6,481
Total Gross Operating Real Estate Investments	556,820	284,464
Accumulated depreciation	(23,437)	(10,992)
Total Net Operating Real Estate Investments	533,383	273,472
Operating real estate held for sale, net	0	14,939
Total Net Real Estate Investments	533,383	288,411
Cash and cash equivalents	68,960	23,059
Restricted cash	11,669	11,091
Due from affiliates	861	570
Accounts receivable, prepaid expenses and other assets	6,742	753
Investments in unconsolidated real estate joint ventures	75,223	18,331
In-place lease intangible assets, net	2,389	745
Deferred financing costs, net	3,535	2,199
Non-real estate assets associated with operating real estate held for sale	0	927
Total Assets	702,762	346,086
LIABILITIES AND EQUITY
Mortgages payable	383,637	201,343
Mortgage payable associated with operating real estate held for sale	0	11,500
Accounts payable	587	634
Other accrued liabilities	7,013	3,345
Due to affiliates	1,485	1,946
Distributions payable	3,163	889
Liabilities associated with operating real estate held for sale	0	418
Total Liabilities	395,885	220,075
Stockholders' Equity
Temporary Equity, Carrying Amount, Attributable to Parent	69,165	0
Additional paid-in-capital	248,484	113,511
Distributions in excess of cumulative earnings	(41,496)	(21,213)
Total Stockholders' Equity	207,184	92,385
Noncontrolling Interests
Operating partnership units	2,908	2,949
Partially owned properties	27,620	30,677
Total Noncontrolling Interests	30,528	33,626
Total Equity	237,712	126,011
TOTAL LIABILITIES AND EQUITY	702,762	346,086
Preferred Stock [Member]
Stockholders' Equity
Temporary Equity, Carrying Amount, Attributable to Parent	0	0
Common Class A [Member]
Stockholders' Equity
Common Stock, value	192	75
Common Class B-1 [Member]
Stockholders' Equity
Common Stock, value	0	4
Common Class B-2 [Member]
Stockholders' Equity
Common Stock, value	0	4
Common Class B-3 [Member]
Stockholders' Equity
Common Stock, value	4	4
Redeemable Preferred Stock [Member] | Series B [Member]
Stockholders' Equity
Temporary Equity, Carrying Amount, Attributable to Parent	$ 0	$ 0