CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) |
Total |
Total Stockholders’ Equity |
Class T and Class I Common Stock |
Additional Paid-In Capital |
Accumulated Deficit |
Noncontrolling Interest |
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---|---|---|---|---|---|---|---|---|---|---|
Beginning balance, Shares at Dec. 31, 2018 | 69,254,971 | |||||||||
Beginning balance at Dec. 31, 2018 | $ 557,672,000 | $ 692,000 | $ 621,759,000 | $ (64,779,000) | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Issuance of common stock, shares | 8,888,046 | |||||||||
Issuance of common stock | 88,754,000 | $ 89,000 | 88,665,000 | |||||||
Offering costs - common stock | (7,569,000) | (7,569,000) | ||||||||
Issuance of common stock under the DRIP, shares | 608,279 | |||||||||
Issuance of common stock under the DRIP | 5,869,000 | $ 6,000 | 5,863,000 | |||||||
Amortization of nonvested common stock compensation | 39,000 | 39,000 | ||||||||
Fair value adjustment to redeemable noncontrolling interests | $ (25,000) | (25,000) | (25,000) | |||||||
Repurchase of common stock, shares | (132,683) | |||||||||
Repurchase of common stock | (1,270,000) | $ (1,000) | (1,269,000) | |||||||
Dividends declared | (11,117,000) | (11,117,000) | ||||||||
Net loss | (12,336,000) | [1] | (12,336,000) | |||||||
Ending balance, Shares at Mar. 31, 2019 | 78,618,613 | |||||||||
Ending balance at Mar. 31, 2019 | 620,017,000 | $ 786,000 | 707,463,000 | (88,232,000) | ||||||
Beginning balance, Shares at Dec. 31, 2019 | 79,899,874 | |||||||||
Beginning balance at Dec. 31, 2019 | 590,079,000 | 590,079,000 | $ 798,000 | 719,894,000 | (130,613,000) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Offering costs - common stock | (1,000) | (1,000) | (1,000) | |||||||
Issuance of common stock under the DRIP, shares | 674,756 | |||||||||
Issuance of common stock under the DRIP | 6,437,000 | 6,437,000 | $ 7,000 | 6,430,000 | ||||||
Amortization of nonvested common stock compensation | 43,000 | 43,000 | 43,000 | |||||||
Contribution from noncontrolling interest | 1,250,000 | $ 1,250,000 | ||||||||
Fair value adjustment to redeemable noncontrolling interests | (108,000) | (108,000) | (108,000) | |||||||
Dividends declared | (12,019,000) | (12,019,000) | (12,019,000) | |||||||
Net loss | (7,850,000) | [1] | (7,766,000) | (7,766,000) | (84,000) | |||||
Ending balance, Shares at Mar. 31, 2020 | 80,574,630 | |||||||||
Ending balance at Mar. 31, 2020 | $ 577,831,000 | $ 576,665,000 | $ 805,000 | $ 726,258,000 | $ (150,398,000) | $ 1,166,000 | ||||
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