Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real estate properties
Land and land improvements	$ 44,419	$ 29,884
Buildings, improvements, and lease intangibles	343,955	222,755
Personal property	112	97
Total real estate properties	388,486	252,736
Less accumulated depreciation	(36,136)	(18,404)
Total real estate properties, net	352,350	234,332
Cash and cash equivalents	2,130	1,568
Mortgage note receivable, net	10,633	10,786
Other assets, net	20,653	4,843
Total assets	385,766	251,529
Liabilities
Debt, net	93,353	51,000
Accounts payable and accrued liabilities	4,056	3,541
Other liabilities	4,983	2,981
Total liabilities	102,392	57,522
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value; 450,000,000 shares authorized; 18,085,798 and 12,988,482 shares issued and outstanding at December 31, 2017 and 2016, respectively	181	130
Additional paid-in capital	324,303	214,323
Cumulative net income	4,775	1,265
Accumulated other comprehensive income	258	0
Cumulative dividends	(46,143)	(21,711)
Total stockholders’ equity	283,374	194,007
Total liabilities and stockholders' equity	$ 385,766	$ 251,529