Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.19.1
Condensed Consolidated Statements of Equity - USD ($)
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total Stockholders’ Equity
Non-Controlling Interests
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Beginning balance, preferred stock (in shares) at Dec. 31, 2017               0
Beginning balance, common stock (in shares) at Dec. 31, 2017   13,791,574            
Beginning balance at Dec. 31, 2017 $ 117,951,000 $ 14,000 $ 129,705,000 $ (19,802,000) $ 109,917,000 $ 8,034,000   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemptions of preferred stock and OP Units (in shares)   7,700            
Redemptions of preferred stock (400,000)   63,000   63,000 (463,000)    
Issuance of common stock, net (in shares)   1,416,925            
Issuance of common stock, net 16,715,000 $ 1,000 16,714,000   16,715,000      
Net income (loss) (318,000)     (297,000) (297,000) (21,000)    
Distributions—OP Units and common stock (1,980,000)     (1,851,000) (1,851,000) (129,000)    
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (492,000)   (492,000) 492,000    
Ending balance, preferred stock (in shares) at Mar. 31, 2018               0
Ending balance, common stock (in shares) at Mar. 31, 2018   15,216,199            
Ending balance at Mar. 31, 2018 $ 131,968,000 $ 15,000 145,990,000 (21,950,000) 124,055,000 7,913,000   $ 0
Beginning balance, preferred stock (in shares) at Dec. 31, 2018             1,144,393 1,144,393
Beginning balance, common stock (in shares) at Dec. 31, 2018 17,891,340 17,891,340            
Beginning balance at Dec. 31, 2018 $ 181,053,000 $ 18,000 202,053,000 (25,826,000) 176,246,000 4,807,000   $ 1,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of preferred stock, net (in shares)               747,916
Issuance of preferred stock, net 16,704,000   16,703,000   16,704,000     $ 1,000
Redemptions of preferred stock and OP Units (in shares)   570,879           600
Redemptions of preferred stock (13,000)   (13,000)   (13,000)     $ (13)
Redemption of OP Units 0   4,714,000   4,714,000 (4,714,000)    
Common stock issuance costs (20,000)   (20,000)   (20,000)      
Net income (loss) 108,000     105,000 105,000 3,000    
Dividends—Series B Preferred Stock (601,000)     (601,000) (601,000)      
Distributions—OP Units and common stock (2,462,000)     (2,409,000) (2,409,000) (53,000)    
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   43,000   43,000 (43,000)    
Ending balance, preferred stock (in shares) at Mar. 31, 2019             1,891,709 1,891,709
Ending balance, common stock (in shares) at Mar. 31, 2019 18,462,219 18,462,219            
Ending balance at Mar. 31, 2019 $ 194,769,000 $ 18,000 $ 223,480,000 $ (28,731,000) $ 194,769,000 $ 0   $ 2,000