Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.10.0.1
Consolidated Statements of Equity - USD ($)
Total
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
Total Stockholders’ Equity
Non-Controlling Interest
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Common Stock
Common Stock
Beginning balance, preferred stock (in shares) at Dec. 31, 2016             0  
Beginning balance (in shares) at Dec. 31, 2016               10,024,875
Beginning balance at Dec. 31, 2016 $ 87,777,000 $ 90,082,000 $ (13,402,000) $ 76,690,000 $ 11,087,000   $ 0 $ 10,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of OP Units as consideration in real estate acquisitions, net 0              
Redemption of OP Units (in shares)               246,875
Redemptions of OP Units (2,569,000) 1,968,000   1,968,000 (4,537,000)      
Issuance of common stock, net (in shares)               3,519,824
Issuance of common stock, net 39,856,000 39,852,000   39,856,000       $ 4,000
Net income (loss) (34,000)   (31,000) (31,000) (3,000)      
Distributions—common stock and OP Units (7,079,000)   (6,369,000) (6,369,000) (710,000)      
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0 (2,197,000)   (2,197,000) 2,197,000      
Ending balance, preferred stock (in shares) at Dec. 31, 2017           0 0  
Ending balance (in shares) at Dec. 31, 2017 13,791,574             13,791,574
Ending balance at Dec. 31, 2017 $ 117,951,000 129,705,000 (19,802,000) 109,917,000 8,034,000   $ 0 $ 14,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of OP Units (in shares)               397,811
Redemptions of OP Units (523,000) 4,886,000   4,886,000 (5,409,000)      
Issuance of preferred stock, net (in shares)             1,144,393  
Issuance of preferred stock, net 25,601,000 25,600,000   25,601,000     $ 1,000  
Issuance of common stock, net (in shares)               3,701,955
Issuance of common stock, net 44,337,000 44,333,000   44,337,000       $ 4,000
Net income (loss) 2,766,000   2,629,000 2,629,000 137,000      
Dividends—Series B Preferred Stock (379,000)   (379,000) (379,000)        
Distributions—common stock and OP Units (8,700,000)   (8,274,000) (8,274,000) (426,000)      
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0 (2,471,000)   (2,471,000) 2,471,000      
Ending balance, preferred stock (in shares) at Dec. 31, 2018           1,144,393 1,144,393  
Ending balance (in shares) at Dec. 31, 2018 17,891,340             17,891,340
Ending balance at Dec. 31, 2018 $ 181,053,000 $ 202,053,000 $ (25,826,000) $ 176,246,000 $ 4,807,000   $ 1,000 $ 18,000