XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Summary of Significant Accounting Policies - Additional Information (Detail)
3 Months Ended
Jul. 10, 2019
Mar. 31, 2023
USD ($)
Property
Segment
shares
Mar. 31, 2022
USD ($)
Property
shares
Dec. 31, 2022
USD ($)
Summary of Significant Accounting Policies [Line Items]        
Number of properties acquired | Property   0 0  
Impairment loss on long-lived assets   $ 0 $ 0  
Revenues   $ 9,100,796 8,156,472  
Days allowed for lease cancellation   30 days    
Allowance for doubtful accounts   $ 100,000   $ 100,000
Advertising cost   200,000 200,000  
Debt issuance costs   $ 933,866   1,000,000.0
Maximum period for reimbursement of offering expenses   60 days    
Minimum percentage of ordinary taxable income to be distributed to stockholders   90.00%    
Deferred tax asset, net operating loss   $ 5,300,000 4,100,000  
Deferred tax assets related to other book temporary differences   300,000 300,000  
Deferred tax liability, depreciation and other temporary book to tax differences   100,000 300,000  
Deferred tax assets, net   5,500,000 4,100,000  
Uncertain tax positions   0 0  
Unrecognized tax benefits, interest or penalties   $ 0 0  
Number of reportable segments | Segment   2    
Student Housing [Member]        
Summary of Significant Accounting Policies [Line Items]        
Revenues   $ 1,216,951 1,197,910  
Senior Housing [Member]        
Summary of Significant Accounting Policies [Line Items]        
Revenues   7,883,845 6,958,562  
Leasing and Related Revenues - Senior [Member]        
Summary of Significant Accounting Policies [Line Items]        
Revenues   $ 100,000 $ 100,000  
Revenue from Rights Concentration Risk [Member] | Rental Income [Member] | Student Housing [Member]        
Summary of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   0.00%    
Revenue from Rights Concentration Risk [Member] | Rental Income [Member] | Senior Housing [Member]        
Summary of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   0.00%    
Geographic Concentration Risk [Member] | Rental Income [Member] | Oregon        
Summary of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   48.70%    
Geographic Concentration Risk [Member] | Rental Income [Member] | Utah        
Summary of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   38.20%    
Geographic Concentration Risk [Member] | Rental Income [Member] | Arkansas        
Summary of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   13.10%    
Federal [Member]        
Summary of Significant Accounting Policies [Line Items]        
Net operating losses   $ 20,700,000    
Open tax year   2019 2020 2021 2022    
State [Member]        
Summary of Significant Accounting Policies [Line Items]        
Net operating losses   $ 27,300,000    
Open tax year   2019 2020 2021 2022    
State [Member] | Earliest Tax Year [Member]        
Summary of Significant Accounting Policies [Line Items]        
Net operating losses expiration year   2033    
State [Member] | Latest Tax Year [Member]        
Summary of Significant Accounting Policies [Line Items]        
Net operating losses expiration year   2037    
Advisor [Member]        
Summary of Significant Accounting Policies [Line Items]        
Maximum period for reimbursement of offering expenses   60 days    
Class Y and Z Common Stock [Member]        
Summary of Significant Accounting Policies [Line Items]        
Offering cost as percentage of gross offering proceeds   1.00%    
Minimum offering cost rate   1.00%    
Maximum offering cost rate   1.00%    
Class Y Common Stock [Member] | Select Capital Corporation (Dealer Manager) [Member]        
Summary of Significant Accounting Policies [Line Items]        
Sale commission fees percentage of proceed from Primary Offering 3.00% 3.00%    
Dealer manager fees percentage of proceed from sales in primary portion of offering 3.00% 3.00%    
In-Place Leases [Member]        
Summary of Significant Accounting Policies [Line Items]        
Gross amount of lease intangibles   $ 19,600,000   19,600,000
Accumulated amortization of lease intangibles   $ 19,600,000   $ 19,600,000
Maximum [Member]        
Summary of Significant Accounting Policies [Line Items]        
Initial term of lease   12 months    
Maximum [Member] | Advisor [Member]        
Summary of Significant Accounting Policies [Line Items]        
Percentage of organization and offering expenses funded by our advisor   1.00%    
Maximum [Member] | Furniture, Fixtures and Equipment [Member]        
Summary of Significant Accounting Policies [Line Items]        
Standard depreciable life   7 years    
Minimum [Member] | Class Y and Z Common Stock [Member]        
Summary of Significant Accounting Policies [Line Items]        
Percentage of organization and offering expenses funded by our advisor   1.00%    
Minimum [Member] | Furniture, Fixtures and Equipment [Member]        
Summary of Significant Accounting Policies [Line Items]        
Standard depreciable life   3 years    
Unvested Restricted Stock [Member]        
Summary of Significant Accounting Policies [Line Items]        
Unvested antidilutive shares | shares   6,250 7,500