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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Rental income $ 11,054,409 $ 5,885,445
Expenses:    
Fees to affiliates (Note 9) 0 812,018
General and administrative 2,555,005 539,505
Depreciation and amortization 4,635,524 2,391,496
Interest expense 3,904,656 2,160,350
Property expenses 1,948,719 1,062,652
Impairment of real estate investment properties 9,157,068 0
Impairment of goodwill and intangible assets 34,572,403 0
Reserve for loan guarantee 3,129,290 0
Total expenses 59,902,665 6,966,021
Less: Expenses reimbursed by Former Sponsor 0 (87,999)
Expenses, net 59,902,665 6,878,022
Other income:    
Interest income 4,217 5,386
Income from investments in unconsolidated entities, net 20,753 74,033
Total other income 24,970 79,419
Net loss $ (48,823,286) $ (913,158)
Net loss per share, basic and diluted (in usd per share) $ (2.05) $ (0.07)
Weighted-average number of common shares outstanding, basic and diluted ( in shares ) 23,853,212 13,503,650
Distributions declared per common share (in usd per share) $ 0.175 $ 0.1778