XML 52 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Debt - Future Principal Payment Requirements on Outstanding Secured Debt (Detail) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Debt Instruments [Abstract]    
2019 [1] $ 30,619,820  
2020 [2] 12,723,052  
2021 679,120  
2022 1,011,295  
2023 1,680,592  
2024 and thereafter 159,206,049  
Total payments 205,919,928  
Debt issuance costs, net (2,184,030) $ (700,362)
Total $ 203,735,898 $ 52,299,638
[1] The Courtyard Bridge Loans mature on August 31, 2019, but may be extended to April 30, 2020 upon the payment of a fee equal to 0.50% of the outstanding principal balance of the Courtyard Bridge Loans at the time of such extension and certain other customary terms and conditions are met.
[2] The Utah Bridge Loan was scheduled to mature on February 23, 2019, but was extended, based on its terms to August 23, 2019 upon the payment of a fee equal to 0.50% of the outstanding principal balance of the loan at the time of the extension. On March 29, 2019, we amended the Utah Bridge Loan to further extend the loan maturity date to April 30, 2020.