Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.19.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
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 $ 14 $ 129,705 $ (19,802) $ 109,917 $ 8,034   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series B Preferred Stock, net (in shares)               20,280
Issuance of Series B Preferred Stock, net 455   455   455      
Redemption of OP Units (in shares)   251,267            
Redemption of OP Units (521)   2,028   2,028 (2,549)    
Issuance of common stock, net (in shares)   1,981,031            
Issuance of common stock, net 23,603 $ 2 23,601   23,603      
Net income (loss) (2,170)     (2,039) (2,039) (131)    
Dividends—Series B Preferred Stock (3)     (3) (3)      
Distributions—OP Units and common stock (4,164)     (3,919) (3,919) (245)    
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (683)   (683) 683    
Ending balance, preferred stock (in shares) at Jun. 30, 2018               20,280
Ending balance, common stock (in shares) at Jun. 30, 2018   16,023,872            
Ending balance at Jun. 30, 2018 135,151 $ 16 155,106 (25,763) 129,359 5,792   $ 0
Beginning balance, preferred stock (in shares) at Mar. 31, 2018               0
Beginning balance, common stock (in shares) at Mar. 31, 2018   15,216,199            
Beginning balance at Mar. 31, 2018 131,968 $ 15 145,990 (21,950) 124,055 7,913   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series B Preferred Stock, net (in shares)               20,280
Issuance of Series B Preferred Stock, net 455   455   455      
Redemption of OP Units (in shares)   243,567            
Redemption of OP Units (121)   1,965   1,965 (2,086)    
Issuance of common stock, net (in shares)   564,106            
Issuance of common stock, net 6,888 $ 1 6,887   6,888      
Net income (loss) (1,852)     (1,742) (1,742) (110)    
Dividends—Series B Preferred Stock (3)     (3) (3)      
Distributions—OP Units and common stock (2,184)     (2,068) (2,068) (116)    
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (191)   (191) 191    
Ending balance, preferred stock (in shares) at Jun. 30, 2018               20,280
Ending balance, common stock (in shares) at Jun. 30, 2018   16,023,872            
Ending balance at Jun. 30, 2018 $ 135,151 $ 16 155,106 (25,763) 129,359 5,792   $ 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 $ 18 202,053 (25,826) 176,246 4,807   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series B Preferred Stock, net (in shares)               1,499,075
Issuance of Series B Preferred Stock, net 33,460   33,458   33,460     $ 2
Redemptions of Series B Preferred Stock (in shares)               (7,400)
Redemptions of Series B Preferred Stock (166)   (166)   (166)      
Redemption of OP Units (in shares)   570,879            
Redemption of OP Units 0 $ 1 4,714   4,715 (4,715)    
Issuance of common stock, net (in shares)   2,070,551            
Issuance of common stock, net 23,149 $ 2 23,147   23,149      
Net income (loss) 282     279 279 3    
Dividends—Series B Preferred Stock (1,494)     (1,494) (1,494)      
Distributions—OP Units and common stock (4,930)     (4,878) (4,878) (52)    
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   43   43 (43)    
Ending balance, preferred stock (in shares) at Jun. 30, 2019             2,636,068 2,636,068
Ending balance, common stock (in shares) at Jun. 30, 2019 20,532,770 20,532,770            
Ending balance at Jun. 30, 2019 $ 231,354 $ 21 263,249 (31,919) 231,354 0   $ 3
Beginning balance, preferred stock (in shares) at Mar. 31, 2019               1,891,709
Beginning balance, common stock (in shares) at Mar. 31, 2019   18,462,219            
Beginning balance at Mar. 31, 2019 194,769 $ 18 223,480 (28,731) 194,769 0   $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series B Preferred Stock, net (in shares)               751,159
Issuance of Series B Preferred Stock, net 16,756   16,755   16,756     $ 1
Redemptions of Series B Preferred Stock (in shares)               (6,800)
Redemptions of Series B Preferred Stock (153)   (153)   (153)      
Issuance of common stock, net (in shares)   2,070,551            
Issuance of common stock, net 23,170 $ 3 23,167   23,170      
Net income (loss) 174     174 174      
Dividends—Series B Preferred Stock (893)     (893) (893)      
Distributions—OP Units and common stock $ (2,469)     (2,469) (2,469)      
Ending balance, preferred stock (in shares) at Jun. 30, 2019             2,636,068 2,636,068
Ending balance, common stock (in shares) at Jun. 30, 2019 20,532,770 20,532,770            
Ending balance at Jun. 30, 2019 $ 231,354 $ 21 $ 263,249 $ (31,919) $ 231,354 $ 0   $ 3