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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 8,745,278 $ 8,711,520 $ 25,458,463 $ 25,453,364
Operating expenses:        
Property operating expenses – affiliates 613,747 713,791 1,822,622 2,123,040
General and administrative 414,154 348,010 1,193,907 978,823
Depreciation 1,847,964 2,211,846 5,523,217 6,602,614
Intangible amortization expense       626,332
Total operating expenses 9,186,557 9,459,205 26,503,163 27,597,300
Gain on sale of real estate, net     12,101,937  
Income (loss) from operations (441,279) (747,685) 11,057,237 (2,143,936)
Other income (expense):        
Interest expense (2,108,902) (2,401,550) (6,052,555) (7,141,588)
Interest expense – debt issuance costs (95,082) (116,310) (285,245) (357,604)
Forgiveness of PPP Loans       1,971,157
Loss on extinguishment of debt     (1,985,602)  
Other 37,095 (18,364) 618,561 (81,463)
Net income (loss) (2,608,168) (3,283,909) 3,352,396 (7,753,434)
Less: Distributions to preferred unitholders in our Operating Partnership (319,348) (298,013) (931,906) (868,597)
Less: Accretion of preferred equity costs       (7,765)
Net loss (income) attributable to the noncontrolling interests in our Operating Partnership 2,106 7,063 (8,372) 17,144
Net income (loss) attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (2,925,410) (3,574,859) 2,412,118 (8,612,652)
Student Housing [Member]        
Revenues:        
Total revenues 1,066,139 1,944,146 3,319,345 5,922,765
Operating expenses:        
Property operating expenses 853,253 1,205,550 2,016,757 3,101,128
Senior Housing [Member]        
Revenues:        
Total revenues 7,679,139 6,767,374 22,139,118 19,530,599
Operating expenses:        
Property operating expenses $ 5,457,439 $ 4,980,008 $ 15,946,660 $ 14,165,363
Class A Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ 0.22 $ (0.27) $ 0.18 $ (0.66)
Net income (loss) per share - diluted $ 0.22 $ (0.27) $ 0.18 $ (0.66)
Weighted average shares outstanding - basic 11,624,180 11,618,643 11,621,982 11,616,098
Weighted average shares outstanding - diluted 11,624,180 11,618,643 11,628,232 11,616,098
Class T Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Net income (loss) per share - diluted $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Weighted average shares outstanding - basic 77,598 77,598 77,598 77,598
Weighted average shares outstanding - diluted 77,598 77,598 77,598 77,598
Class W Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Net income (loss) per share - diluted $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Weighted average shares outstanding - basic 85,548 85,548 85,548 85,548
Weighted average shares outstanding - diluted 85,548 85,548 85,548 85,548
Class Y Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Net income (loss) per share - diluted $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Weighted average shares outstanding - basic 1,123,349 1,123,349 1,123,349 1,123,349
Weighted average shares outstanding - diluted 1,123,349 1,123,349 1,123,349 1,123,349
Class Z Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Net income (loss) per share - diluted $ (0.22) $ (0.27) $ 0.18 $ (0.66)
Weighted average shares outstanding - basic 166,494 166,494 166,494 166,494
Weighted average shares outstanding - diluted 166,494 166,494 166,494 166,494