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Debt Obligations - Line of Credit (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
May 04, 2020
Dec. 31, 2019
Line of Credit        
Line of credit, net $ 30,283,000     $ 10,831,000
Line of Credit        
Line of Credit        
Maximum borrowing capacity $ 100,000,000      
Unused facility fee (as a percent) 0.25%      
Interest rate during the period (as a percent) 3.20% 4.23%    
Line of credit, gross $ 30,850,000   $ 30,850,000 11,450,000
Unamortized deferred financing costs (567,000)     (619,000)
Line of credit, net 30,283,000     $ 10,831,000
Line of Credit | Maximum        
Line of Credit        
Borrowing capacity available for renovation and operating expense purposes $ 30,000,000      
Percentage of permitted borrowing base available for renovation and operating expense purposes 30.00%      
Borrowing capacity available for renovation expenses purposes $ 20,000,000      
Borrowing capacity available for operating expense purposes $ 10,000,000      
Line of Credit | LIBOR        
Line of Credit        
Basis of interest rate one month LIBOR      
Applicable margin (as a percent) 2.00% 2.00%    
Line of Credit | LIBOR | Minimum        
Line of Credit        
Applicable margin (as a percent) 1.75%      
Line of Credit | LIBOR | Maximum        
Line of Credit        
Applicable margin (as a percent) 3.00%