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Condensed Consolidated Statements of Equity - USD ($)
Total
Common Stock
Common Class C
Common Stock
Common Class S
Additional Paid-in Capital
Cumulative Distributions and Net Losses
Total Stockholders' Equity
Noncontrolling Interests in the Operating Partnership
Beginning balance at Dec. 31, 2018 $ 103,092,769 $ 12,943 $ 18 $ 119,247,245 $ (16,167,437) $ 103,092,769 $ 0
Beginning balance (in shares) at Dec. 31, 2018   12,943,294 17,594        
Issuance of common stock (in shares)   3,795,112 168,666        
Issuance of common stock 40,245,240 $ 3,795 $ 168 40,241,277   40,245,240  
Stock compensation expense (in shares)   20,669          
Stock compensation expense 210,000 $ 21   209,979   210,000  
Offering costs (1,206,930)     (1,206,930)   (1,206,930)  
Reclassification to redeemable common stock 2,823,079     2,823,079   2,823,079  
Repurchase of common stock (in shares)   (842,403)          
Repurchase of common stock (8,379,336) $ (843)   (8,378,493)   (8,379,336)  
Distributions declared (7,778,197)       (7,778,197) (7,778,197)  
Net loss (2,973,765)       (2,973,765) (2,973,765)  
Ending balance (in shares) at Sep. 30, 2019   15,916,672 186,260        
Ending balance at Sep. 30, 2019 126,032,860 $ 15,916 $ 186 152,936,157 (26,919,399) 126,032,860 0
Beginning balance at Dec. 31, 2018 103,092,769 $ 12,943 $ 18 119,247,245 (16,167,437) 103,092,769 0
Beginning balance (in shares) at Dec. 31, 2018   12,943,294 17,594        
Ending balance (in shares) at Dec. 31, 2019   23,647,466 186,606        
Ending balance at Dec. 31, 2019 240,172,562 $ 23,647 $ 187 220,714,676 (31,168,948) 189,569,562 50,603,000
Beginning balance at Jun. 30, 2019 120,812,608 $ 15,313 $ 166 144,011,702 (23,214,573) 120,812,608 0
Beginning balance (in shares) at Jun. 30, 2019   15,313,171 166,448        
Issuance of common stock (in shares)   988,121 19,812        
Issuance of common stock 10,239,749 $ 988 $ 20 10,238,741   10,239,749  
Stock compensation expense (in shares)   10,334          
Stock compensation expense 105,000 $ 10   104,990   105,000  
Offering costs (307,068)     (307,068)   (307,068)  
Reclassification to redeemable common stock 2,823,079     2,823,079   2,823,079  
Repurchase of common stock (in shares)   (394,954)          
Repurchase of common stock (3,935,682) $ (395)   (3,935,287)   (3,935,682)  
Distributions declared (2,784,235)       (2,784,235) (2,784,235)  
Net loss (920,591)       (920,591) (920,591)  
Ending balance (in shares) at Sep. 30, 2019   15,916,672 186,260        
Ending balance at Sep. 30, 2019 126,032,860 $ 15,916 $ 186 152,936,157 (26,919,399) 126,032,860 0
Beginning balance at Dec. 31, 2019 240,172,562 $ 23,647 $ 187 220,714,676 (31,168,948) 189,569,562 50,603,000
Beginning balance (in shares) at Dec. 31, 2019   23,647,466 186,606        
Issuance of common stock (in shares)   1,757,559 3,755        
Issuance of common stock 16,193,927 $ 1,758 $ 3 16,192,166   16,193,927  
Stock compensation expense (in shares)   38,931          
Stock compensation expense 313,334 $ 39   313,295   313,334  
Class P OP Units compensation expense 266,350     266,350   266,350  
Offering costs (981,748)     (981,748)   (981,748)  
Reclassification to redeemable common stock 4,393,863     4,393,863   4,393,863  
Repurchase of common stock (in shares)   (1,435,841) (1,936)        
Repurchase of common stock (13,154,123) $ (1,436) $ (2) (13,152,685)   (13,154,123)  
Distributions declared (9,595,208)       (9,595,208) (9,595,208)  
Net loss (52,097,300)       (52,097,300) (52,097,300)  
Ending balance (in shares) at Sep. 30, 2020   24,008,115 188,425        
Ending balance at Sep. 30, 2020 185,511,657 $ 24,008 $ 188 227,745,917 (92,861,456) 134,908,657 50,603,000
Beginning balance at Jun. 30, 2020 189,662,529 $ 24,137 $ 188 228,696,741 (89,661,537) 139,059,529 50,603,000
Beginning balance (in shares) at Jun. 30, 2020   24,137,134 187,649        
Issuance of common stock (in shares)   299,431 776        
Issuance of common stock 2,101,688 $ 300   2,101,388   2,101,688  
Stock compensation expense (in shares)   26,250          
Stock compensation expense 183,750 $ 26   183,724   183,750  
Class P OP Units compensation expense 88,784     88,784   88,784  
Offering costs (158,826)     (158,826)   (158,826)  
Repurchase of common stock (in shares)   (454,700)          
Repurchase of common stock (3,166,349) $ (455)   (3,165,894)   (3,166,349)  
Distributions declared (2,135,815)       (2,135,815) (2,135,815)  
Net loss (1,064,104)       (1,064,104) (1,064,104)  
Ending balance (in shares) at Sep. 30, 2020   24,008,115 188,425        
Ending balance at Sep. 30, 2020 $ 185,511,657 $ 24,008 $ 188 $ 227,745,917 $ (92,861,456) $ 134,908,657 $ 50,603,000