XML 53 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Segment Reporting Information [Line Items]        
Total revenues $ 5,990,993 $ 1,324,885 $ 14,912,362 $ 1,379,330
Property operating expenses     (8,562,961)  
Net operating income     6,349,401  
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
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)
Leasing and leasing related revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues     13,734,878  
Other Revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues     1,177,484  
Student Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 1,841,243 1,324,885 6,415,533 1,379,330
Property operating expenses (1,218,285) $ (566,346) (3,106,101) $ (580,992)
Net operating income     3,309,432  
Property operating expenses – affiliates     441,782  
Depreciation     2,432,839  
Intangible amortization expense     3,743,640  
Interest expense     1,606,050  
Interest expense – debt issuance costs     51,094  
Net loss     (4,965,973)  
Student Housing [Member] | Leasing and leasing related revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues     6,415,533  
Senior Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 4,149,750   8,496,829  
Property operating expenses $ (2,691,884)   (5,456,860)  
Net operating income     3,039,969  
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  
Interest expense     2,504,035  
Interest expense – debt issuance costs     489,310  
Other     64,699  
Net loss     (4,960,771)  
Senior Housing [Member] | Leasing and leasing related revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues     7,319,345  
Senior Housing [Member] | Other Revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues     1,177,484  
Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
General and administrative     1,330,307  
Depreciation     4,307  
Other     (696)  
Net loss     $ (1,333,918)