Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real estate, at cost:
Land	$ 209,376	$ 189,373
Buildings and improvements	414,865	358,360
Total real estate, at cost	624,241	547,733
Less accumulated depreciation	(14,157)	(10,111)
Property under development	1,346	0
Real estate held for investment, net	611,430	537,622
Assets held for sale	18,102	14,802
Cash, cash equivalents and restricted cash	13,716	92,643
Acquired lease intangible assets, net	83,560	75,024
Other assets, net	10,443	5,724
Total assets	737,251	725,815
Liabilities:
Term loan, net	174,161	174,105
Revolving credit facility	13,000	0
Lease intangible liabilities, net	18,895	16,930
Liabilities related to assets held for sale	399	399
Accounts payable, accrued expenses and other liabilities	5,318	6,308
Total liabilities	211,773	197,742
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value, 400,000,000 shares authorized; 28,467,117 and 28,203,545 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	285	282
Additional paid-in capital	506,432	501,045
Retained (loss) earnings	(12,582)	(7,464)
Accumulated other comprehensive income	2,434	235
Total stockholders’ equity	496,569	494,098
Noncontrolling interests	28,909	33,975
Total equity	525,478	528,073
Total liabilities and equity	$ 737,251	$ 725,815