XML 71 R56.htm IDEA: XBRL DOCUMENT v3.19.1
Investment in Unconsolidated Joint Venture - Schedule of Financial Information of Joint Venture (Details) - USD ($)
2 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Company's Proportional Share:        
Equity in loss of unconsolidated joint venture   $ (3,339,202) $ (663,896) $ 0
BREIT Steadfast MF JV LP [Member]        
Assets:        
Real estate assets, net $ 374,277,205 493,776,142 374,277,205  
Other assets 15,328,440 24,091,229 15,328,440  
Total assets 389,605,645 517,867,371 389,605,645  
Liabilities and equity:        
Notes payable, net 264,558,057 340,840,505 264,558,057  
Other liabilities 11,525,292 21,501,680 11,525,292  
Company’s capital 11,352,230 15,552,513 11,352,230  
Other partner’s capital 102,170,066 139,972,673 102,170,066  
Total liabilities and equity 389,605,645 517,867,371 389,605,645  
Income Statement:        
Revenues 5,756,455 60,210,288    
Expenses 11,330,228 87,653,451    
Net loss (5,573,773) (27,443,163)    
Company's Proportional Share:        
Company’s proportional net loss (557,377) (2,744,316)    
Amortization of outside basis (106,519) (594,886) $ (106,519)  
Equity in loss of unconsolidated joint venture $ (663,896) $ (3,339,202)