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QUARTERLY RESULTS (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
In the opinion of management, the information for the interim periods presented includes all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period.
 
 
December 31, 2019
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
1,135,875

 
$
1,104,195

 
$
1,113,311

 
$
1,114,002

Net (loss) income
 
$
(209,262
)
 
$
(140,946
)
 
$
(157,856
)
 
$
20,382

Basic and diluted net (loss) income per share - Class A common stock (1)
 
$
(0.06
)
 
$
(0.04
)
 
$
(0.04
)
 
$
0.03

Basic and diluted net loss per share - Class T common stock (1)
 
$
(0.08
)
 
$
(0.06
)
 
$
(0.06
)
 
$
(0.07
)
____________________________________
(1)
The Company calculates net loss per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
 
 
December 31, 2018
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
1,101,694

 
$
1,101,667

 
$
1,101,666

 
$
1,101,348

Net loss
 
$
(192,338
)
 
$
(206,504
)
 
$
(183,344
)
 
$
(189,526
)
Basic and diluted net loss per share - Class A common stock (1)
 
$
(0.08
)
 
$
(0.08
)
 
$
(0.06
)
 
$
(0.06
)
Basic and diluted net loss per share - Class T common stock (1)
 
$
(0.10
)
 
$
(0.10
)
 
$
(0.08
)
 
$
(0.08
)
____________________________________
(1) The Company calculates net loss per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.