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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
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) $ 0
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    
Repurchase of common stock, shares 0          
Contribution from noncontrolling interest $ 1,250,000         1,250,000
Adjustment to value of redeemable noncontrolling interests (108,000) (108,000)   (108,000)    
Dividends declared (12,019,000) (12,019,000)     (12,019,000)  
Net loss [1] (7,850,000) (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
Beginning balance, Shares at Dec. 31, 2020     81,339,337      
Beginning balance at Dec. 31, 2020 549,739,000 548,958,000 $ 813,000 733,192,000 (185,047,000) 781,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Offering costs — common stock 3,000 3,000   3,000    
Issuance of common stock under the DRIP, shares     430,349      
Issuance of common stock under the DRIP 4,106,000 4,106,000 $ 5,000 4,101,000    
Amortization of nonvested common stock compensation $ 43,000 43,000   43,000    
Repurchase of common stock, shares (72,339)   (72,339)      
Repurchase of common stock $ (714,000) (714,000) $ (1,000) (713,000)    
Adjustment to value of redeemable noncontrolling interests (140,000) (140,000)   (140,000)    
Distributions to noncontrolling interest (24,000)         (24,000)
Dividends declared (8,044,000) (8,044,000)     (8,044,000)  
Net loss [1] (3,868,000) (3,744,000)     (3,744,000) (124,000)
Ending balance, Shares at Mar. 31, 2021     81,697,347      
Ending balance at Mar. 31, 2021 $ 541,101,000 $ 540,468,000 $ 817,000 $ 736,486,000 $ (196,835,000) $ 633,000
[1] Amount excludes $140,000 and $83,000 of net loss attributable to redeemable noncontrolling interests for the three months ended March 31, 2021 and 2020, respectively. See Note 11, Redeemable Noncontrolling Interests, for a further discussion.