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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of variable interest entities

The Operating Partnership's consolidated VIEs included the following assets and liabilities:

			September 30, 2020						December 31, 2019
Assets:
Property, net			$	251,668					$	254,071
Other assets			27,954						30,049
Total assets			$	279,622					$	284,120
Liabilities:
Mortgage notes payable			$	219,209					$	219,140
Other liabilities			22,661						32,101
Total liabilities			$	241,870					$	251,241

All intercompany accounts and transactions have been eliminated in the consolidated financial statements.

Schedule of cash and cash Equivalents

The following table presents a reconciliation of the beginning of period and end of period cash, cash equivalents and restricted cash reported on the Company's consolidated balance sheets to the totals shown on its consolidated statements of cash flows:

			For the Nine Months Ended September 30,
			2020						2019
Beginning of period
Cash and cash equivalents			$	100,005					$	102,711
Restricted cash			14,211						46,590
Cash, cash equivalents and restricted cash			$	114,216					$	149,301
End of period
Cash and cash equivalents			$	528,431					$	98,309
Restricted cash			13,370						8,959
Cash, cash equivalents and restricted cash			$	541,801					$	107,268

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Tabular disclosure of the components of cash and cash equivalents.

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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