Real Estate and Accumulated Depreciation (Tables)

12 Months Ended

Dec. 31, 2018

Real Estate [Abstract]

Summary of Activity in Real Estate Facilities

The following summarizes the activity in the real estate facilities during the years ended December 31, 2018 and 2017:

Real estate facilities
Balance at December 31, 2016	$	—
Facility acquisitions		98,224,000
Additions - Student		34,516
Balance at December 31, 2017		98,258,516
Facility acquisitions		157,090,441
Additions - Student		334,925
Additions - Senior		358,721
Balance at December 31, 2018	$	256,042,603
Accumulated depreciation
Balance at December 31, 2016	$	—
Depreciation expense		(1,254,849	)
Balance at December 31, 2017		(1,254,849	)
Depreciation expense		(5,898,283	)
Balance at December 31, 2018	$	(7,153,132	)

Activity in real estate facilities during 2018 was as follows:

	2018
Real estate facilities
Balance at beginning of year	$	98,258,516
Facility acquisitions		157,090,441
Additions - Student		334,925
Additions - Senior		358,721
Balance at end of year	$	256,042,603
Accumulated depreciation
Balance at beginning of year	$	(1,254,849	)
Depreciation expense		(5,898,283	)
Balance at end of year	$	(7,153,132	)
Construction in process
Balance at beginning of year	$	—
Net additions and assets placed into service		2,333,331
Balance at end of year	$	2,333,331
Real estate facilities, net	$	251,222,802