XML 56 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]    
Total revenues $ 23,372,722 $ 3,651,331
Property operating expenses (13,787,526)  
Net operating income 9,585,196  
Property operating expenses – affiliates 1,547,821 135,163
General and administrative 1,822,190 579,034
Depreciation 5,898,283 1,254,849
Intangible amortization expense 8,027,531 2,532,360
Acquisition expenses – affiliates 154,136 2,310,020
Other property acquisition expenses 323,906 626,001
Interest expense 6,685,130 1,106,924
Interest expense – debt issuance costs 773,355 824,877
Other 73,625 8,145
Net loss (15,720,781) (7,062,210)
Leasing and leasing related revenues [Member]    
Segment Reporting Information [Line Items]    
Total revenues 21,301,398  
Other Revenues [Member]    
Segment Reporting Information [Line Items]    
Total revenues 2,071,324  
Student Housing [Member]    
Segment Reporting Information [Line Items]    
Total revenues 8,422,326 3,651,331
Property operating expenses (4,252,853) $ (1,336,168)
Net operating income 4,169,473  
Property operating expenses – affiliates 672,831  
Depreciation 3,250,047  
Intangible amortization expense 3,743,639  
Interest expense 2,141,400  
Interest expense – debt issuance costs 68,126  
Other (1,598)  
Net loss (5,704,972)  
Student Housing [Member] | Leasing and leasing related revenues [Member]    
Segment Reporting Information [Line Items]    
Total revenues 8,422,326  
Senior Housing [Member]    
Segment Reporting Information [Line Items]    
Total revenues 14,950,396  
Property operating expenses (9,534,673)  
Net operating income 5,415,723  
Property operating expenses – affiliates 874,990  
Depreciation 2,640,712  
Intangible amortization expense 4,283,892  
Acquisition expenses – affiliates 154,136  
Other property acquisition expenses 323,906  
Interest expense 4,543,730  
Interest expense – debt issuance costs 705,229  
Other 67,459  
Net loss (8,178,331)  
Senior Housing [Member] | Leasing and leasing related revenues [Member]    
Segment Reporting Information [Line Items]    
Total revenues 12,879,072  
Senior Housing [Member] | Other Revenues [Member]    
Segment Reporting Information [Line Items]    
Total revenues 2,071,324  
Corporate and Other [Member]    
Segment Reporting Information [Line Items]    
General and administrative 1,822,190  
Depreciation 7,524  
Other 7,764  
Net loss $ (1,837,478)