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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 5,990,993 $ 1,324,885 $ 14,912,362 $ 1,379,330
Operating expenses:        
Property operating expenses     8,562,961  
Property operating expenses – affiliates 485,587 47,792 866,256 49,336
General and administrative 490,894 201,556 1,330,307 291,521
Depreciation 1,559,979 433,862 3,934,413 447,896
Intangible amortization expense 1,841,542 885,401 6,311,376 916,560
Acquisition expenses – affiliates 57,538 977,081 148,736 2,225,762
Other property acquisition expenses 34,602 203,598 304,483 380,958
Total operating expenses 8,380,311 3,315,636 21,458,532 4,893,025
Operating loss (2,389,318) (1,990,751) (6,546,170) (3,513,695)
Other income (expense):        
Interest expense (1,804,072) (496,608) (4,110,085) (516,651)
Interest expense – debt issuance costs (216,022) (464,841) (540,404) (480,069)
Other (31,154) (2,803) (64,003) (9,402)
Net loss (4,440,566) (2,955,003) (11,260,662) (4,519,817)
Less: Distributions to preferred unitholders in our Operating Partnership (88,874) (132,044) (92,543) (136,282)
Less: Accretion of preferred equity costs (7,344) (33,176) (7,981) (35,059)
Net loss attributable to the noncontrolling interests in our Operating Partnership 10,410 351,934 27,372 1,137,402
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (4,526,374) (2,768,289) (11,333,814) (3,553,756)
Student Housing [Member]        
Revenues:        
Total revenues 1,841,243 1,324,885 6,415,533 1,379,330
Operating expenses:        
Property operating expenses 1,218,285 $ 566,346 3,106,101 $ 580,992
Property operating expenses – affiliates     441,782  
Depreciation     2,432,839  
Intangible amortization expense     3,743,640  
Other income (expense):        
Interest expense     (1,606,050)  
Interest expense – debt issuance costs     (51,094)  
Net loss     (4,965,973)  
Senior Housing [Member]        
Revenues:        
Total revenues 4,149,750   8,496,829  
Operating expenses:        
Property operating expenses $ 2,691,884   5,456,860  
Property operating expenses – affiliates     424,474  
Depreciation     1,497,267  
Intangible amortization expense     2,567,736  
Acquisition expenses – affiliates     148,736  
Other property acquisition expenses     304,483  
Other income (expense):        
Interest expense     (2,504,035)  
Interest expense – debt issuance costs     (489,310)  
Other     (64,699)  
Net loss     $ (4,960,771)  
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.41) $ (1.39) $ (1.08) $ (6.15)
Weighted average shares outstanding – basic and diluted 10,925,932 1,987,757 10,485,885 577,906
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.41)   $ (1.08)  
Weighted average shares outstanding – basic and diluted 12,003   4,045