XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 8,381,328 $ 3,561,436
Operating expenses:    
Property operating expenses 4,998,440 1,657,892
Property operating expenses – affiliates 690,927 111,682
General and administrative 608,205 337,082
Depreciation 1,982,769 1,019,870
Intangible amortization expense 1,837,073 1,973,608
Acquisition expenses – affiliates   55,974
Other property acquisition expenses   164,927
Total operating expenses 10,117,414 5,321,035
Operating loss (1,736,086) (1,759,599)
Other income (expense):    
Interest expense (2,585,597) (903,182)
Interest expense – debt issuance costs (197,573) (78,537)
Other 18,847 7,698
Net loss (4,500,409) (2,733,620)
Less: Distributions to preferred unitholders in our Operating Partnership (238,240)  
Less: Accretion of preferred equity costs (11,649)  
Net loss attributable to the noncontrolling interests in our Operating Partnership 9,517 7,275
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (4,740,781) (2,726,345)
Student Housing [Member]    
Revenues:    
Total revenues 2,023,952 2,293,714
Operating expenses:    
Property operating expenses 985,000 923,181
Property operating expenses – affiliates 238,249 86,182
Depreciation 823,049 808,228
Intangible amortization expense   1,615,800
Other income (expense):    
Interest expense (535,350) (535,350)
Interest expense – debt issuance costs (26,496) (17,031)
Other 2,001  
Net loss (582,191) (1,692,058)
Senior Housing [Member]    
Revenues:    
Total revenues 6,357,376 1,267,722
Operating expenses:    
Property operating expenses 4,013,440 734,711
Property operating expenses – affiliates 452,678 25,500
Depreciation 1,156,782 211,642
Intangible amortization expense 1,837,073 357,808
Acquisition expenses – affiliates   55,974
Other property acquisition expenses   164,927
Other income (expense):    
Interest expense (2,050,247) (367,832)
Interest expense – debt issuance costs (171,077) (61,506)
Other (962)  
Net loss $ (3,324,883) $ (712,178)
Class A Common Stock [Member]    
Other income (expense):    
Net loss per share – basic and diluted $ (0.42) $ (0.28)
Weighted average shares outstanding – basic and diluted 11,211,762 9,705,067
Class T Common Stock [Member]    
Other income (expense):    
Net loss per share – basic and diluted $ (0.42)  
Weighted average shares outstanding – basic and diluted 39,480  
Class W Common Stock [Member]    
Other income (expense):    
Net loss per share – basic and diluted $ (0.42)  
Weighted average shares outstanding – basic and diluted 62,657