XML 65 R53.htm IDEA: XBRL DOCUMENT v3.19.1
Schedule III (Detail) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 163,105,000  
Initial cost of Land 20,688,000  
Initial cost of Building, and improvements [1] 234,626,441  
Total 255,314,441  
Cost Capitalized Subsequent to Acquisition 728,162  
Carrying amount of Land 20,688,000  
Carrying amount of Buildings and improvements [1] 235,354,603  
Total [2] 256,042,603  
Accumulated Depreciation (7,153,132) $ (1,254,849)
Fayetteville [Member] | Arkansas [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance 29,500,000  
Initial cost of Land 4,903,000  
Initial cost of Building, and improvements [1] 48,477,000  
Total 53,380,000  
Cost Capitalized Subsequent to Acquisition 333,127  
Carrying amount of Land 4,903,000  
Carrying amount of Buildings and improvements [1] 48,810,127  
Total 53,713,127  
Accumulated Depreciation $ (2,569,086)  
Date of Construction 2016  
Date Acquired Jun. 28, 2017  
Tallahassee [Member] | Florida [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 23,500,000  
Initial cost of Land 3,780,000  
Initial cost of Building, and improvements [1] 41,064,000  
Total 44,844,000  
Cost Capitalized Subsequent to Acquisition 36,314  
Carrying amount of Land 3,780,000  
Carrying amount of Buildings and improvements [1] 41,100,314  
Total 44,880,314  
Accumulated Depreciation $ (1,943,336)  
Date of Construction 2017  
Date Acquired Sep. 28, 2017  
Wellington [Member] | Utah [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 28,709,000  
Initial cost of Land 2,520,000  
Initial cost of Building, and improvements [1] 43,567,489  
Total 46,087,489  
Cost Capitalized Subsequent to Acquisition 96,037  
Carrying amount of Land 2,520,000  
Carrying amount of Buildings and improvements [1] 43,663,526  
Total 46,183,526  
Accumulated Depreciation $ (1,118,087)  
Date of Construction 1999  
Date Acquired Feb. 23, 2018  
Cottonwood Creek [Member] | Utah [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 9,337,000  
Initial cost of Land 3,026,000  
Initial cost of Building, and improvements [1] 12,327,209  
Total 15,353,209  
Cost Capitalized Subsequent to Acquisition 55,375  
Carrying amount of Land 3,026,000  
Carrying amount of Buildings and improvements [1] 12,382,584  
Total 15,408,584  
Accumulated Depreciation $ (379,576)  
Date of Construction 1982  
Date Acquired Feb. 23, 2018  
Charleston [Member] | Utah [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 8,859,000  
Initial cost of Land 763,000  
Initial cost of Building, and improvements [1] 11,533,180  
Total 12,296,180  
Cost Capitalized Subsequent to Acquisition 34,204  
Carrying amount of Land 763,000  
Carrying amount of Buildings and improvements [1] 11,567,384  
Total 12,330,384  
Accumulated Depreciation $ (333,674)  
Date of Construction 2005  
Date Acquired Feb. 23, 2018  
Courtyard [Member] | Oregon [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Encumbrance $ 63,200,000  
Initial cost of Land 5,696,000  
Initial cost of Building, and improvements [1] 77,657,563  
Total 83,353,563  
Cost Capitalized Subsequent to Acquisition 173,105  
Carrying amount of Land 5,696,000  
Carrying amount of Buildings and improvements [1] 77,830,668  
Total 83,526,668  
Accumulated Depreciation $ (809,373)  
Date Acquired Aug. 31, 2018  
Courtyard [Member] | Minimum [Member] | Oregon [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Date of Construction 1992  
Courtyard [Member] | Maximum [Member] | Oregon [Member]    
Real Estate And Accumulated Depreciation [Line Items]    
Date of Construction 2009  
[1] Building and building improvements include land improvements and furniture, fixtures and equipment.
[2] The aggregate cost of real estate for United States federal income tax purposes is $281,532,870.