| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
non revolving line of credit | |||||||||
- | - | - | - | - | - | - | - | - | 805 |
Net Income (Loss) Attributable to Parent | |||||||||
-7,244 | 43,467 | 27,681 | -9,533 | - | 2,093 | -3,983 | -146 | -8,495 | -766 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-7,458 | 44,538 | 28,667 | -9,843 | -2,425 | 2,127 | -4,205 | -146 | -8,495 | - |
Reconciliation of net loss to net cash provided by (used in) operating activities: | |||||||||
Depreciation, Depletion and Amortization, Nonproduction | |||||||||
185,065 | 171,136 | 116,777 | 78,140 | 27,672 | 12,258 | 7,844 | 3,590 | 2,698 | 0 |
Amortization expense | |||||||||
- | - | - | - | 10,423 | 4,069 | 7,405 | 4 | 5,540 | 0 |
Amortization of above and below Market Leases | |||||||||
-5,765 | -5,905 | -3,335 | -1,653 | -816 | -242 | -368 | 0 | 0 | - |
Deferred fee income amortization | |||||||||
5,346 | 4,323 | 2,347 | -995 | 868 | 904 | 440 | 87 | 8 | 0 |
amortization of purchase option termination fee income | |||||||||
9,111 | 8,660 | 0 | 0 | - | - | - | - | - | - |
adjustment to net income MBS revenue amortization noncash | |||||||||
928 | 320 | 0 | - | - | - | - | - | - | - |
Interest Income, Securities, Mortgage Backed | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Deferred Sales Inducement Cost, Amortization Expense | |||||||||
1,997 | 1,644 | 631 | 0 | 0 | - | - | - | - | - |
Deferred loan cost amortization | |||||||||
6,450 | 7,108 | 5,084 | 3,595 | 1,474 | 887 | 712 | 194 | 64 | - |
deferred interest income | |||||||||
5,766 | -3,524 | 4,970 | -7,600 | 6,256 | 4,751 | 2,850 | 718 | - | 0 |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | |||||||||
1,831 | 320 | 0 | 0 | - | - | - | - | - | - |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | |||||||||
- | - | - | - | - | -1,784 | -1,191 | -1,251 | 238 | 0 |
Share-based Compensation | |||||||||
1,223 | 1,703 | 3,470 | 2,524 | 2,362 | - | - | - | 781 | - |
deferred miscellaneous income amortization | |||||||||
- | - | - | 48 | 19 | 16 | 10 | 0 | 0 | - |
Gain (Loss) on Disposition of Assets | |||||||||
1,567 | 69,705 | 37,635 | -4,272 | 0 | 0 | 0 | 0 | - | - |
Gain (Loss) on Condemnation | |||||||||
207 | 0 | 0 | - | - | - | - | - | - | - |
cash inflows purchase option terminations | |||||||||
3,591 | 7,740 | 0 | 0 | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
-84 | 0 | -888 | 0 | 0 | - | - | - | - | - |
Gain (Loss) on Sale of Mortgage Loans | |||||||||
747 | 0 | 0 | - | - | - | - | - | - | - |
noncash loan interest income | |||||||||
637 | 0 | 0 | - | - | - | - | - | - | - |
cash inflows mortgage interest from consolidated VIE | |||||||||
18,750 | 6,049 | 0 | 0 | - | - | - | - | - | - |
mortgage interes cash outflows consolidated VIE | |||||||||
18,750 | 6,049 | 0 | 0 | - | - | - | - | - | - |
Provision for Loan and Lease Losses | |||||||||
2,038 | 2,533 | 0 | 0 | - | - | - | - | - | - |
Other Operating Activities, Cash Flow Statement | |||||||||
0 | 0 | 189 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
(Increase) in tenant accounts receivable | |||||||||
20,565 | 7,631 | 12,105 | -4,331 | 2,341 | 1,723 | 375 | 59 | 17 | 0 |
Payments for (Proceeds from) Tenant Allowance | |||||||||
644 | 7,607 | 14,260 | 0 | 0 | - | - | - | - | - |
Loans and Leases Receivable, Allowance | |||||||||
2,038 | 2,533 | 0 | 0 | - | - | - | - | - | - |
(Increase) decrease in other assets | |||||||||
-1,518 | -2,876 | -2,382 | 3,113 | -4,866 | -1,124 | 346 | 57 | - | -37 |
Increase in accounts payable and accrued expenses | |||||||||
2,406 | 6,730 | 2,853 | 2,935 | 1,150 | 673 | 50 | 25 | 340 | 15 |
(Decrease) increase in accrued interest payable | |||||||||
- | - | - | - | - | 120 | 96 | 158 | 161 | 0 |
Increase (decrease) in security deposits | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Increase (decrease) in prepaid rents | |||||||||
- | - | - | - | - | -29 | 17 | -24 | -0 | 0 |
Increase in deferred income | |||||||||
- | - | - | - | - | - | - | - | 6 | 0 |
Net cash provided by (used in) operating activities | |||||||||
145,631 | 145,381 | 86,289 | 61,661 | 35,221 | 15,436 | 8,686 | 4,178 | 527 | -788 |
Investing activities: | |||||||||
Investments in real estate loans | |||||||||
98,418 | 200,806 | 148,346 | 151,028 | 114,026 | 54,939 | 86,401 | 29,072 | 6,000 | 0 |
Proceeds from Principal Repayments on Loans and Leases Held-for-investment | |||||||||
54,384 | 250,448 | 94,410 | 36,672 | 18,772 | 13,857 | 0 | 0 | - | - |
Notes receivable issued | |||||||||
3,089 | 12,759 | 6,100 | 12,895 | 15,350 | 6,327 | -2,661 | -1,080 | - | 0 |
Deferred acquisition fee on real estate loans | |||||||||
40,458 | 51,789 | 35,281 | -34,207 | 18,634 | 14,981 | -9,097 | -1,534 | 0 | 0 |
Deferred real estate loan income | |||||||||
5,692 | 9,946 | 7,864 | -9,887 | 19,339 | 11,704 | 14,587 | 3,530 | 0 | 0 |
Refund of deposit on real estate investment | |||||||||
- | - | - | - | - | - | - | - | 150 | -150 |
Acquisition of properties, net | |||||||||
619,089 | 1,007,048 | 779,643 | 969,443 | 420,700 | 299,506 | 34,173 | 0 | 87,449 | 0 |
Proceeds from Sale of Real Estate Held-for-investment | |||||||||
0 | 164,838 | 116,813 | 9,797 | 0 | 0 | - | - | - | - |
Receipt of insurance proceeds for capital improvements | |||||||||
746 | 978 | 4,719 | 10 | 0 | - | - | - | - | - |
Proceeds from Sale of Land Held-for-use | |||||||||
643 | 0 | 0 | - | - | - | - | - | - | - |
Payments to Develop Real Estate Assets | |||||||||
100 | 0 | 0 | - | - | - | - | - | - | - |
Additions to real estate assets - improvements | |||||||||
48,071 | 44,383 | 11,594 | 10,264 | 4,239 | 2,118 | 1,341 | 334 | 458 | 0 |
Proceeds from Sale of Productive Assets | |||||||||
- | - | - | - | - | 4 | 0 | 0 | - | - |
Increase (Decrease) in Earnest Money Deposits Outstanding | |||||||||
146 | -4,534 | 2,034 | -840 | 660 | 0 | 0 | - | - | - |
AcquisitionFeesRelatedPartyCosts | |||||||||
783 | 2,166 | 1,320 | -1,886 | 1,349 | -555 | -1,136 | -307 | -60 | 0 |
cash paid investment in CMBS | |||||||||
30,841 | 45,927 | 0 | 0 | - | - | - | - | - | - |
Proceeds from Sale of Mortgage-backed Securities (MBS), Available-for-sale | |||||||||
79,558 | 0 | 0 | - | - | - | - | - | - | - |
mortgage principal received from consolidated VIE | |||||||||
6,570 | 1,255 | 0 | 0 | - | - | - | - | - | - |
Increase (Decrease) in Restricted Cash | |||||||||
- | - | - | - | 3,920 | 492 | 230 | -27 | 1 | 0 |
Increase (Decrease) in Accounts and Notes Receivable | |||||||||
-35,239 | -41,117 | -34,229 | 31,097 | -12,502 | -6,680 | -4,308 | -554 | 0 | 0 |
Net cash (used in) investing activities | |||||||||
-661,057 | -881,805 | -727,177 | -1,083,380 | -533,510 | -356,423 | -137,725 | -32,536 | -93,684 | -150 |
Financing activities: | |||||||||
Proceeds from mortgage notes payable | |||||||||
405,430 | 602,375 | 517,489 | 622,394 | 256,865 | 227,556 | 59,045 | 0 | 55,637 | 0 |
Extinguishment of Debt, Amount | |||||||||
176,903 | 121,797 | 124,040 | 12,386 | 4,175 | 13,653 | -56,594 | 0 | 0 | - |
Payments for mortgage loan costs | |||||||||
8,705 | 12,299 | 14,772 | 19,130 | 4,481 | 5,291 | 1,719 | 420 | 616 | 0 |
Payment for Debt Extinguishment or Debt Prepayment Cost | |||||||||
0 | 0 | 817 | 0 | 0 | - | - | - | - | - |
loan balance proceeds from real estate loan participants | |||||||||
0 | 5 | 224 | 6,433 | 4,996 | 7,908 | 0 | 0 | - | - |
payments received from real estate loan participants | |||||||||
5,223 | 10,425 | 7,883 | 0 | 0 | - | - | - | - | - |
Proceeds from non-revolving lines of credit | |||||||||
265,200 | 550,300 | 275,000 | 470,136 | 295,800 | 96,433 | -88,184 | -16,763 | -434 | -200 |
Payments on revolving lines of credit | |||||||||
322,200 | 535,100 | 360,700 | 377,136 | 285,800 | 101,323 | 73,595 | 1,962 | 1,440 | 0 |
Proceeds from Short-term Debt | |||||||||
-70,000 | - | - | 46,000 | 32,000 | 44,250 | 0 | 0 | - | - |
Repayments of Short-term Debt | |||||||||
- | 11,000 | 0 | 35,000 | 32,000 | 44,250 | 0 | 0 | - | - |
mortgage principal paid to consolidated VIE | |||||||||
6,570 | 1,255 | 0 | 0 | - | - | - | - | - | - |
cash flows financing proceeds repurchase agreements | |||||||||
4,857 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sales of Units, net of offering costs | |||||||||
501,076 | 408,644 | 306,947 | 394,556 | 262,456 | 93,651 | 63,213 | 17,830 | - | - |
Payments on notes payable to related party | |||||||||
- | - | - | - | - | - | - | - | 465 | -465 |
Proceeds from Issuance of Common Stock | |||||||||
0 | 0 | 74,213 | 22,957 | 5,381 | 48,995 | 30,737 | 0 | 46,117 | 109 |
Proceeds from Warrant Exercises | |||||||||
11,659 | 20,052 | 80,970 | 21,503 | 1,998 | 0 | - | - | - | - |
Preferred Stock, Redemption Amount | |||||||||
12,124 | 9,367 | 4,480 | - | - | - | - | - | - | - |
Dividends declared and paid | |||||||||
45,439 | 39,865 | 27,409 | 3,651 | 15,578 | 10,501 | 4,864 | 2,727 | 1,293 | - |
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | |||||||||
110,827 | 84,427 | 61,966 | 18,515 | 17,373 | 6,913 | 3,611 | 370 | 0 | 0 |
Payments to Noncontrolling Interests | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Payments for deferred offering costs, net of non cash items | |||||||||
4,013 | 3,705 | 6,314 | 530 | 2,300 | 1,843 | 2,460 | 2,330 | 691 | 620 |
Net Cash Provided by (Used in) Financing Activities | |||||||||
564,989 | 751,102 | 646,185 | 1,074,455 | 497,615 | 334,920 | 135,246 | 26,783 | 97,682 | - |
Cash and Cash Equivalents, Period Increase (Decrease) | |||||||||
49,563 | 14,678 | 5,297 | 52,736 | -673 | -6,067 | 6,206 | -1,574 | 4,525 | - |
Supplemental cash flow information: | |||||||||
Cash paid for interest | |||||||||
103,298 | 86,222 | 59,851 | 38,950 | 19,154 | 8,509 | 4,680 | 2,284 | 1,287 | - |
Noncash Investing and Financing Items [Abstract] | |||||||||
Accrued capital expenditures | |||||||||
4,816 | 2,317 | 2,305 | 353 | 226 | 38 | 67 | 27 | 32 | 0 |
Dividends payable | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Deemed noncash dividend | |||||||||
768 | 229 | 63 | 0 | 0 | 0 | 7,028 | 0 | 0 | - |
Dividends payable to non controlling interests | |||||||||
225 | 228 | 221 | 195 | 53 | 25 | 17 | 0 | - | - |
Payments of Ordinary Dividends, Noncontrolling Interest | |||||||||
911 | 1,034 | 817 | 38,941 | 174 | 98 | 47 | 0 | - | - |
Accrued and payable deferred offering costs | |||||||||
3,836 | 461 | 323 | 684 | 571 | 219 | 399 | 585 | 0 | 0 |
receivable for deferred offering costs | |||||||||
261 | 480 | 836 | 149 | 566 | 0 | 0 | 234 | - | - |
Writeoff of fully amortized deferred loan costs | |||||||||
1,919 | 4,829 | 411 | 826 | 0 | - | - | - | - | - |
Writeoff of assets due to hurricane damages | |||||||||
0 | 0 | 6,879 | 0 | 0 | - | - | - | - | - |
Payments for Tenant Improvements | |||||||||
0 | 18,202 | 28,803 | 0 | 0 | - | - | - | - | - |
deconsolidation of VIE assets | |||||||||
578,707 | 0 | 0 | - | - | - | - | - | - | - |
deconsolidation of VIE liabilities | |||||||||
578,707 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from Sale of Loans Receivable | |||||||||
747 | 0 | 0 | - | - | - | - | - | - | - |
writeoff of fully amortized liabilities | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Reclass of offering costs from deferred asset to equity | |||||||||
12,551 | 4,044 | 2,515 | 8,749 | 3,994 | 1,180 | 438 | 67 | 701 | 0 |
loan receivables converted to equity for property acquisition | |||||||||
47,797 | 0 | 0 | - | - | - | - | - | - | - |
Contribution from non-controlling interests | |||||||||
4,539 | 0 | 540 | 4,685 | 0 | - | - | - | - | - |
Payments for Delayed Tax Exempt Exchange | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
amount of bridge loans converted to mezzanine loans | |||||||||
- | - | - | - | - | 24,051 | 4,680 | 5,360 | - | - |
Loans Assumed | |||||||||
41,550 | 47,125 | 90,722 | 49,034 | 0 | 0 | 82,428 | 0 | 0 | - |
Accrued deferred real estate loan acquisition cost | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Increase (Decrease) in Finance Receivables | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
non cash mezzanine loan settled | |||||||||
- | - | - | - | - | 0 | 12,419 | 0 | 0 | - |
Share-based Compensation | |||||||||
719 | 4,972 | 4,088 | 3,188 | 2,321 | 1,810 | 1,165 | 821 | - | - |
Noncash settlement of loans | |||||||||
512 | 1,890 | 1,512 | 453 | 0 | 0 | 450 | 0 | - | - |
loan fees received | |||||||||
1,565 | 4,331 | 2,634 | 3,704 | 2,761 | 1,111 | 2,272 | 580 | 134 | 0 |
Origination fees paid to real estate loan participants | |||||||||
- | - | - | - | 24 | - | - | - | - | - |
mortgage debt refinanced | |||||||||
65,607 | 152,770 | 162,945 | 0 | 10,000 | - | - | - | - | - |
Proceeds from (Payments to) Noncontrolling Interests | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Increase (Decrease) in Other Receivables | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Proceeds from Noncontrolling Interests | |||||||||
- | - | - | 450 | - | - | - | - | - | 0 |
Bridge and land acquisition loans converted to real estate loans | |||||||||
- | - | - | 6,250 | 49,188 | - | - | - | - | - |
Proceeds from Delayed Tax Exempt Exchange | |||||||||
0 | 0 | 31,288 | 0 | 0 | - | - | - | - | - |
Sales Of Agency Mortgage Backed Security Investments, Settled After Year-End | |||||||||
0 | 41,181 | 0 | - | - | - | - | - | - | - |
Real estate loan investment balance applied to purchase of property | |||||||||
- | - | - | 12,500 | - | - | - | - | - | - |
Parent [Member] | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-7,244 | 43,467 | 27,681 | -9,533 | - | - | - | - | - | - |
Contribution from non-controlling interests | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Common Stock [Member] | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
0 | 0 | 0 | 0 | - | - | - | - | - | - |
Dividends payable | |||||||||
12,156 | 10,840 | 9,576 | 5,741 | - | - | - | - | - | - |
Contribution from non-controlling interests | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Series A Preferred Stock [Member] | |||||||||
Dividends payable | |||||||||
10,020 | 7,920 | 5,971 | 4,419 | - | - | - | - | - | - |
Series M Preferred Stock [Member] | |||||||||
Dividends payable | |||||||||
560 | 269 | 70 | 0 | - | - | - | - | - | - |
Series A1 Preferred Stock [Domain] | |||||||||
Dividends payable | |||||||||
15 | 0 | 0 | - | - | - | - | - | - | - |
wade green [Member] | |||||||||
business combination cash consideration transferred | |||||||||
- | - | - | 5,073 | - | - | - | - | - | - |