Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Reportable Segments

The following tables summarize information for the reportable segments for the three months ended March 31, 2022, and 2021:

	Three Months Ended March 31,
	Student Housing		Senior Housing		Corporate and Other		Total
	2022	2021	2022	2021	2022	2021	2022	2021
Leasing and leasing related revenues	$1,197,910	$2,021,487	$6,793,446	$6,183,193	$—	$—	$7,991,356	$8,204,680
Other revenues	—	—	165,116	39,080	—	—	165,116	39,080
Property operating expenses	(627,907)	(998,385)	(5,213,193)	(4,478,156)	—	—	(5,841,100)	(5,476,541)
Net operating income	570,003	1,023,102	1,745,369	1,744,117	—	—	2,315,372	2,767,219
Property operating expenses - affiliates	122,381	235,801	477,976	466,991	—	—	600,357	702,792
General and administrative	—	—	—	—	374,003	307,197	374,003	307,197
Depreciation	455,747	842,088	1,371,383	1,345,523	3,880	2,401	1,831,010	2,190,012
Intangible amortization expense	—	—	—	626,332	—	—	—	626,332
Interest expense	309,751	535,350	1,643,757	1,825,809	—	—	1,953,508	2,361,159
Interest expense – debt issuance costs	14,139	26,496	80,942	96,844	—	—	95,081	123,340
Loss on extinguishment of debt	1,985,602	—	—	—	—	—	1,985,602	—
Gain on sale of real estate, net	(12,101,937)	—	—	—	—	—	(12,101,937)	—
Other income (loss)	—	—	80	—	(569,548)	21,406	(569,468)	21,406
Net income (loss)	$9,784,320	$(616,633)	$(1,828,769)	$(2,617,382)	$191,665	$(331,004)	$8,147,216	$(3,565,019)

Summary of Total Assets by Segment

The following table summarizes our total assets by segment:

Segments	March 31, 2022		December 31, 2021
Student housing	$	46,644,971	$	85,907,495
Senior housing		157,016,669		156,861,266
Corporate and Other		13,647,214		7,551,836
Total assets	$	217,308,854	$	250,320,597