XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Real estate facilities:    
Land $ 16,908,000 $ 16,908,000
Buildings 196,474,192 196,276,241
Site improvements 3,587,917 3,587,917
Furniture, fixtures and equipment 9,523,814 9,262,158
Real estate facilities, gross 226,493,923 226,034,316
Accumulated depreciation (29,745,283) (26,070,030)
Real estate investment property net excluding construction in process 196,748,640 199,964,286
Construction in process 506,612 81,552
Real estate held for investment, net 197,255,252 200,045,838
Real estate held for sale, net   38,554,387
Total real estate facilities, net 197,255,252 238,600,225
Cash and cash equivalents 14,344,693 7,846,130
Restricted cash 2,775,794 2,038,450
Other assets 1,251,743 1,835,792
Total assets 215,627,482 250,320,597
Debt:    
Debt, net 163,607,968 181,125,866
Debt related to real estate held for sale, net   23,364,487
Total debt, net 163,607,968 204,490,353
Accounts payable and accrued liabilities 3,532,308 3,488,196
Due to affiliates 11,858,789 11,680,699
Distributions payable 4,876,907 4,264,349
Total liabilities 183,875,972 223,923,597
Commitments and contingencies (Note 8)
Redeemable common stock 5,350,610 5,350,610
Preferred equity in our Operating Partnership 10,165,594 10,165,594
Strategic Student & Senior Housing Trust, Inc. equity:    
Preferred stock, $0.001 par value; 200,000,000 shares authorized ;none issued and outstanding at June 30, 2022 and December 31, 2021
Additional paid-in capital 97,707,280 97,700,779
Distributions (17,199,735) (17,199,735)
Accumulated deficit (63,184,588) (68,522,116)
Total Strategic Student & Senior Housing Trust, Inc. equity 17,336,041 11,992,009
Noncontrolling interests in our Operating Partnership (1,100,735) (1,111,213)
Total equity 16,235,306 10,880,796
Total liabilities and equity 215,627,482 250,320,597
Class A Common Stock [Member]    
Strategic Student & Senior Housing Trust, Inc. equity:    
Common stock 11,630 11,627
Class T Common Stock [Member]    
Strategic Student & Senior Housing Trust, Inc. equity:    
Common stock 78 78
Class W Common Stock [Member]    
Strategic Student & Senior Housing Trust, Inc. equity:    
Common stock 87 87
Class Y Common Stock [Member]    
Strategic Student & Senior Housing Trust, Inc. equity:    
Common stock 1,122 1,122
Class Z Common Stock [Member]    
Strategic Student & Senior Housing Trust, Inc. equity:    
Common stock $ 167 $ 167