Gross investment property Net investment property Total Assets Total assets Total Liabilities Total stockholders’ equity Total Equity Balance Balance Total Liabilities and Equity Total liabilities and members’ capital Total expenses Property operating expenses Net income/(loss) Net income/(loss) Net income (loss) Net loss Net income/(loss) applicable to Company’s common shares Net income/(loss) Comprehensive income/(loss) Comprehensive income/(loss) attributable to the Company’s common shares Balance (in Shares) Balance (in Shares) Equity Components [Axis] Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of period Product and Service [Axis] Investment in Unconsolidated Affiliated Entities [Abstract] Ownership [Axis] Investment, Name [Axis] Business Combination [Axis] Marketable Securities and Fair Value Measurements [Abstract] Financial Instrument [Axis] Total Credit Facility [Axis] Related and Nonrelated Parties [Axis] Document Type Document Quarterly Report Document Period End Date Document Fiscal Year Focus Document Transition Report Entity File Number Entity Registrant Name Entity Incorporation, State or Country Code Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line Two Entity Address, City or Town Entity Address, State or Province Entity Address, Postal Zip Code City Area Code Local Phone Number Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Entity Central Index Key Amendment Flag Document Fiscal Period Focus Current Fiscal Year End Date Assets Investment property: Land and improvements Building and improvements Furniture and fixtures Construction in progress Investments in unconsolidated affiliated real estate entities Total investments in unconsolidated affiliated real estate entities Cash and cash equivalents Marketable securities, available for sale Accounts receivable and other assets Liabilities and Equity Accounts payable and other liabilities Mortgages payable, net Total mortgages payable, net Total principal maturities, net Due to related parties Commitments and Contingencies Equity: Stockholders’ Equity: Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding Preferred stock, par value (in Dollars per share) Preferred stock, shares authorized (in Shares) Preferred stock, shares issued (in Shares) Preferred stock, shares outstanding (in Shares) Common stock, $0.01 par value; 200.0 million shares authorized, 12.6 and 12.7 million shares issued and outstanding, respectively Common stock, par value (in Dollars per share) Common stock, shares authorized (in Shares) Common stock, shares issued (in Shares) Common stock, shares outstanding (in Shares) Additional paid-in-capital Accumulated other comprehensive loss Accumulated deficit Noncontrolling interests Revenues Expenses: Property operating expenses Real estate taxes General and administrative costs Depreciation and amortization Earnings from investments in unconsolidated affiliated real estate entities Interest expense and other income, net Less: net (income)/loss attributable to noncontrolling interests Net income/(loss) per Company’s common share, basic (in Dollars per share) Net income/(loss) per Company’s common share, diluted (in Dollars per share) Weighted average number of common shares outstanding, basic (in Shares) Weighted average number of common shares outstanding, diluted (in Shares) Other comprehensive income: Holding gain on marketable securities, available for sale Other comprehensive income Redemption and cancellation of shares (in Shares) CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash provided by operating activities: Amortization of deferred financing costs Other non-cash adjustments Changes in assets and liabilities: Increase in accounts payable and other accrued expenses Increase in due to related parties CASH FLOWS FROM INVESTING ACTIVITIES: CASH FLOWS FROM FINANCING ACTIVITIES: Supplemental cash flow information for the periods indicated is as follows: Cash paid for interest Less: accumulated depreciation Less: Comprehensive (income)/loss attributable to noncontrolling interests Redemption and cancellation of shares Loss from investments in unconsolidated affiliated real estate entities Increase in accounts receivable and other assets Purchase of investment property Purchase of marketable securities Distributions from unconsolidated affiliated real estate entities Investments in unconsolidated affiliated real estate entities Payments on mortgages payable Redemption and cancellation of common shares Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss Accumulated Deficit Total Noncontrolling Interests Business and Structure Summary of Significant Accounting Policies Schedule of disaggregation of revenue Investments in Unconsolidated Affiliated Real Estate Entities Schedule of investments in unconsolidated entities Date of ownership Ownership interest Ownership interest (as a percent) Schedule of condensed income statements Operating income Company’s share of earnings (50%) Net income/(loss) Schedule of condensed balance sheets Investment property, net Cash and restricted cash Other assets Mortgage payable, net Mortgages payable, net Other liabilities Members’ capital Schedule of condensed income statements Casualty (gain)/loss, net Casualty gain Interest expense Company’s share of net income/(loss) (25%) Company’s net income/(loss) from investment Schedule of condensed balance sheets Marketable Securities and Fair Value Measurements Schedule of available for sale securities Marketable Securities: Equity securities: Equity Securities, Adjusted Cost Equity Securities, Gross Unrealized Gains Equity Securities, Fair Value Debt securities: Debt Securities, Adjusted Cost Debt securities, Gross Unrealized Gains Debt Securities, Fair Value Marketable Securities: Equity securities: Debt securities: Schedule of available-for-sale securities and classified by the contractual maturity date Due in 1 year Due in 1 year through 5 years Due in 5 year through 10 years Due after 10 years Mortgages payable, net Schedule of mortgages payable, net Interest Rate Description of reference rate used for variable rate of debt instrument Weighted Average Interest Rate Maturity Date Amount Due at Maturity Total Mortgages Payable Principal maturities Schedule of contractual obligations for principal payments maturity 2026 2027 2028