Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Summary of Range of useful Lives For Depreciable Assets

Range of useful lives for depreciable assets are as follows:

Category	Term
Buildings	40 years
Building improvements	5 - 40 years
Tenant improvements	Shorter of remaining life of the lease or useful life
Furniture and equipment	3 - 7 years

Reconciles GAAP Net Income to Taxable Income

The following table reconciles GAAP net income to taxable income:

	For the Year Ended
	December 31, 2015
Net income (loss)	$	(6,045	)
Book depreciation and amortization		33,483
Above/Below market lease amortization		(4,866	)
Book/Tax differences on offering and acquisition costs at IPO		2,928
Book/Tax differences on unearned rent		2,138
Book/Tax differences on stock based compensation		1,867
Book/Tax differences on post IPO property acquisition costs		856
Other book/tax differences, net		(434	)
Tax depreciation		(16,451	)
Loss attributable to non-controlling interest		(7,956	)
Loss attributable to predecessor		5,581
Taxable income subject to distribution requirements (1)	$	11,101

(1) The Company’s distributions are characterized as 85.06% ordinary taxable dividend and

$14.94% return of capital.