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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Rental income: $ 9,557,191 $ 6,125,957 $ 29,888,620 $ 17,907,668
Expenses:        
Fees to affiliates 0 812,349 0 2,436,386
General and administrative 2,522,719 918,636 7,447,082 2,312,081
Depreciation and amortization 4,304,470 2,393,725 13,420,256 7,176,716
Interest expense 2,732,528 1,738,791 9,196,061 5,975,866
Property expenses 1,677,055 1,362,661 5,480,411 3,537,249
Impairment of real estate investment properties 0 0 9,506,525 0
Impairment of goodwill and intangible assets 0 0 34,572,403 0
Reserve for (reversal of) loan guarantee (4,359) 0 3,120,678 0
Total expenses 11,232,413 7,226,162 82,743,416 21,438,298
Less: Expenses reimbursed by Former Sponsor 0 (96,104) 0 (332,336)
Expenses, net 11,232,413 7,130,058 82,743,416 21,105,962
Other operating income:        
Gain on sale of real estate investments 1,693,642 0 1,693,642 0
Real estate operating income (loss) 18,420 (1,004,101) (51,161,154) (3,198,294)
Other (expense) income:        
Lease termination expense (1,175,192) 0 (1,175,192) 0
Interest income 51 45,940 4,873 56,971
Income from investments in unconsolidated entities, net 92,617 37,570 239,028 167,558
Other 0 0 (4,855) 0
Total other (expense) income, net (1,082,524) 83,510 (936,146) 224,529
Net loss $ (1,064,104) $ (920,591) $ (52,097,300) $ (2,973,765)
Net loss per share, basic and diluted (in usd per share) $ (0.04) $ (0.06) $ (2.17) $ (0.20)
Weighted-average number of common shares outstanding, basic and diluted ( in shares ) 24,225,210 15,809,624 24,059,227 14,754,347
Distributions declared per common share (in usd per share) $ 0.136 $ 0.176 $ 0.311 $ 0.528