CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Net Real Estate Investments
Land	$ 176,865	$ 169,135
Buildings and improvements	1,382,353	1,244,193
Furniture, fixtures and equipment	44,802	38,446
Construction in progress	261	985
Total Gross Real Estate Investments	1,604,281	1,452,759
Accumulated depreciation	(80,104)	(55,177)
Total Net Real Estate Investments	1,524,177	1,397,582
Cash and cash equivalents	25,411	35,015
Restricted cash	29,775	29,575
Notes and accrued interest receivable from related parties	162,971	140,903
Due from affiliates	2,537	2,003
Accounts receivable, prepaid and other assets	14,358	9,689
Preferred equity investments and investments in unconsolidated real estate joint ventures	77,061	71,145
In-place lease intangible assets, net	1,875	4,635
Total Assets	1,838,165	1,690,547
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Mortgages payable	1,075,799	939,494
Revolving credit facilities	68,209	67,670
Accounts payable	1,071	1,652
Other accrued liabilities	27,590	22,952
Due to affiliates	815	1,575
Distributions payable	11,690	14,287
Total Liabilities	1,185,174	1,047,630
Stockholders' Equity
Additional paid-in-capital	310,595	318,170
Distributions in excess of cumulative earnings	(187,720)	(164,286)
Total Stockholders' Equity	191,818	222,832
Noncontrolling Interests
Operating partnership units	36,124	42,999
Partially owned properties	22,708	20,347
Total Noncontrolling Interests	58,832	63,346
Total Equity	250,650	286,178
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY	1,838,165	1,690,547
Preferred Stock [Member]
Stockholders' Equity
Preferred Stock Value	0	0
Common Class A [Member]
Stockholders' Equity
Common Stock Value	237	242
Noncontrolling Interests
Total Equity	237	242
Redeemable Preferred Stock [Member] | Series B [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	206,878	161,742
Cumulative Preferred Stock [Member] | Series A [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	139,137	138,801
Cumulative Preferred Stock [Member] | Series C [Member]
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Redeemable Preferred Stock	56,326	56,196
Cumulative Preferred Stock [Member] | Series D [Member]
Stockholders' Equity
Preferred Stock Value	68,705	68,705
Common Class C [Member]
Stockholders' Equity
Common Stock Value	1	1
Noncontrolling Interests
Total Equity	$ 1	$ 1