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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,298) $ (3,206)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 3,705 3,073
Amortization of deferred financing costs 721 1,508
Amortization of deferred costs and intangible assets 635 555
Amortization of above and below market leases (434) (430)
Deferred rent 77 3
Stock-based compensation 595 510
Change in fair value of interest rate caps 137 9
Changes in operating assets and liabilities:    
Restricted cash (5,434) (4,731)
Accounts and other receivables (869) (321)
Prepaid expenses, other assets and deferred costs 4,305 3,985
Accounts payable and accrued liabilities (1,485) (48)
Security deposits 132 78
Other liabilities 364 5
Net cash provided by operating activities 1,151 990
CASH FLOW FROM INVESTING ACTIVITIES    
Additions to land, buildings, and improvements (3,102) (3,358)
Cash paid in connection with acquisition of real estate (8,860) (5,000)
Net cash used in investing activities (11,962) (8,358)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds and costs from sale of common and preferred stock 78,855 117
Payments of notes payable (245) (176)
Dividends and distributions (2,479)
Loan costs and other (135) (49)
Net cash provided by (used in) financing activities 78,475 (2,587)
Net increase (decrease) in cash and cash equivalents 67,664 (9,955)
Cash and cash equivalents - beginning of period 37,547 125,332
Cash and cash equivalents - end of period 105,211 115,377
Supplemental cash flow information:    
Cash paid for interest $ 8,441 $ 7,934