Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.10.0.1
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
Preferred Stock
Beginning balance (in shares) at Dec. 31, 2016   10,024,875         0
Beginning balance at Dec. 31, 2016 $ 87,777,000 $ 10,000 $ 90,082,000 $ (13,402,000) $ 76,690,000 $ 11,087,000 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of OP Units as consideration in real estate acquisitions, net 0         0  
Redemption of OP Units (in shares)   50,000          
Redemption of OP Units (2,270,000)   404,000   404,000 (2,674,000)  
Issuance of common stock, net (in shares)   3,410,150          
Issuance of common stock, net 38,423,000 $ 3,000 38,420,000   38,423,000    
Net income 181,000     158,000 158,000 23,000  
Distributions—OP Units and common stock (5,125,000)     (4,557,000) (4,557,000) (568,000)  
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (2,058,000)   (2,058,000) 2,058,000  
Ending balance (in shares) at Sep. 30, 2017   13,485,025         0
Ending balance at Sep. 30, 2017 $ 118,986,000 $ 13,000 126,848,000 (17,801,000) 109,060,000 9,926,000 $ 0
Beginning balance (in shares) at Dec. 31, 2017 13,791,574 13,791,574         0
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]              
Redemption of OP Units (in shares)   297,811          
Redemption of OP Units (523,000)   2,460,000   2,460,000 (2,983,000)  
Issuance of preferred stock, net (in shares)             393,048
Issuance of preferred stock, net 8,799,000   8,799,000   8,799,000    
Issuance of common stock, net (in shares)   1,981,231          
Issuance of common stock, net 23,607,000 $ 2,000 23,605,000   23,607,000    
Net income 3,849,000     3,643,000 3,643,000 206,000  
Dividends—Series B Preferred Stock (92,000)     (92,000) (92,000)    
Distributions—OP Units and common stock (6,391,000)     (6,054,000) (6,054,000) (337,000)  
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   (626,000)   (626,000) 626,000  
Ending balance (in shares) at Sep. 30, 2018 16,070,616 16,070,616         393,048
Ending balance at Sep. 30, 2018 $ 147,200,000 $ 16,000 $ 163,943,000 $ (22,305,000) $ 141,654,000 $ 5,546,000 $ 0