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Debt - Schedule of Company's Outstanding Debt (Detail) - USD ($)
12 Months Ended
Mar. 29, 2019
Feb. 23, 2018
Sep. 28, 2017
Jun. 28, 2017
Dec. 31, 2021
Dec. 31, 2020
May 14, 2020
Aug. 31, 2018
Debt Instrument [Line Items]                
Carrying Value [1]         $ 205,917,900      
Debt issuance costs, net         (1,292,034) $ (1,724,792)    
Debt, net         181,125,866 206,839,694    
Debt issuance costs held for sale, net         (135,513)      
Debt related to real estate held for sale, net         23,364,487      
Total debt, net         204,490,353 206,839,694    
JPM Mortgage Loan [Member] | Fayetteville Property [Member]                
Debt Instrument [Line Items]                
Carrying Value [2]         $ 29,500,000 29,500,000    
Debt instrument, initial interest rate       4.20% 4.20% [2]      
Maturity Date       Jul. 01, 2024 Jul. 01, 2024 [2]      
Nationwide Mortgage Loan [Member] | Tallahassee Property [Member]                
Debt Instrument [Line Items]                
Carrying Value [2],[3]         $ 23,500,000 23,500,000    
Debt instrument, initial interest rate     3.84%   3.84% [2],[3]      
Maturity Date     Oct. 01, 2024   Oct. 01, 2024 [2],[3]      
Freddie Mac Utah Loans [Member]                
Debt Instrument [Line Items]                
Carrying Value [4]         $ 45,751,350 46,397,936    
Debt instrument, initial interest rate   5.06%     5.06% [4]      
Maturity Date [4]         Feb. 23, 2028      
Freddie Mac Courtyard Loan [Member]                
Debt Instrument [Line Items]                
Carrying Value [5]         $ 63,200,000 63,200,000    
Debt instrument, initial interest rate         4.86% [5]     4.86%
Maturity Date [5]         Sep. 01, 2028      
Utah Bridge Loan [Member]                
Debt Instrument [Line Items]                
Carrying Value [6]         $ 4,985,595 5,035,595    
Debt instrument, initial interest rate [6]         4.25%      
Maturity Date Apr. 30, 2020 Feb. 23, 2019     Apr. 30, 2023 [6]      
Courtyard Initial Bridge Loan [Member]                
Debt Instrument [Line Items]                
Carrying Value [6]         $ 27,000,000 27,000,000    
Debt instrument, initial interest rate [6]         4.25%      
Maturity Date [6]         Apr. 30, 2023      
Courtyard Delayed Draw Commitment [Member]                
Debt Instrument [Line Items]                
Carrying Value [6]         $ 11,980,955 11,980,955    
Debt instrument, initial interest rate [6]         4.25%      
Maturity Date [6]         Apr. 30, 2023      
PPP Loans [Member]                
Debt Instrument [Line Items]                
Carrying Value [7]           $ 1,950,000    
Debt instrument, initial interest rate         1.00% [7]   1.00%  
[1] On January 6, 2022, in connection with the sale of the Tallahassee property, the entire principal balance of the Nationwide mortgage loan, totaling $23.5 million was repaid and terminated in accordance with the terms of the loan and we repaid $17 million in principal on the KeyBank Bridge loans. Please see Note 9 - Subsequent Events for additional details.
[2] Fixed rate debt with interest only payments due monthly and the principal balance due upon maturity.
[3] The Tallahassee property was held for sale as of December 31, 2021. On January 6, 2022, in connection with the sale of the Tallahassee property, the entire principal balance of the Nationwide mortgage loan, totaling $23.5 million was repaid and terminated in accordance with the terms of the loan. Please see Note 9 - Subsequent Events for additional details.
[4] Represents the aggregate of three separate mortgage loans for the three senior housing properties acquired in Utah. Fixed rate debt with interest only payments due monthly for the first two years, then principal and interest on a 30-year amortization schedule thereafter.
[5] Fixed rate debt with interest only payments due monthly for the first four years, then principal and interest on a 30-year amortization schedule thereafter.
[6] The variable rate reflected in the table was the rate in effect as of December 31, 2021. Subsequent to December 31, 2021, in conjunction with the sale of the Tallahassee property, we paid approximately $17 million towards the principal of the KeyBank Bridge loans. Please see Note 9 – Subsequent Events for additional details.
[7] Represents the aggregate of four unsecured promissory notes under the Paycheck Protection Program (the “PPP”). During the year ended December 31, 2021, our applications for forgiveness for all of the PPP loans were accepted and we recognized approximately $2.0 million in debt forgiveness and the related accrued interest in other income in our accompanying consolidated statements of operations