Segment Disclosures (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Summary of Reportable Segments

The following table summarizes information for the reportable segments for the year ended December 31, 2018:

	Student Housing			Senior Housing			Corporate and Other			Total
Leasing and leasing related revenues	$	8,422,326		$	12,879,072		$	—		$	21,301,398
Other revenues	—				2,071,324		—				2,071,324
Property operating expenses		(4,252,853	)		(9,534,673	)	—				(13,787,526	)
Net operating income		4,169,473			5,415,723			—			9,585,196
Property operating expenses - affiliates		672,831			874,990		—				1,547,821
General and administrative	—			—				1,822,190			1,822,190
Depreciation		3,250,047			2,640,712			7,524			5,898,283
Intangible amortization expense		3,743,639			4,283,892		—				8,027,531
Acquisition expenses – affiliates	—				154,136		—				154,136
Other property acquisition expenses	—				323,906		—				323,906
Interest expense		2,141,400			4,543,730		—				6,685,130
Interest expense – debt issuance costs		68,126			705,229		—				773,355
Other		(1,598	)		67,459			7,764			73,625
Net loss	$	(5,704,972	)	$	(8,178,331	)	$	(1,837,478	)	$	(15,720,781	)

Summary of Total Assets by Segment

The following table summarizes our total assets by segment:

Segments	December 31, 2018
Student housing	$	94,593,010
Senior housing		174,210,522
Corporate and Other		9,166,083
Total assets	$	277,969,615