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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 8,277,148 $ 5,990,993 $ 25,110,047 $ 14,912,362
Operating expenses:        
Property operating expenses – affiliates 695,803 485,587 2,077,710 866,256
General and administrative 632,996 490,894 1,815,542 1,330,307
Depreciation 2,027,243 1,559,979 5,995,928 3,934,413
Intangible amortization expense 1,836,354 1,841,542 5,509,781 6,311,376
Acquisition expenses – affiliates   57,538   148,736
Other property acquisition expenses   34,602   304,483
Total operating expenses 10,736,889 8,380,311 30,947,944 21,458,532
Operating loss (2,459,741) (2,389,318) (5,837,897) (6,546,170)
Other income (expense):        
Interest expense (2,534,017) (1,804,072) (7,663,198) (4,110,085)
Interest expense – debt issuance costs (207,942) (216,022) (591,310) (540,404)
Other 6,635 (31,154) (2,122) (64,003)
Net loss (5,195,065) (4,440,566) (14,094,527) (11,260,662)
Less: Distributions to preferred unitholders in our Operating Partnership (251,730) (88,874) (733,781) (92,543)
Less: Accretion of preferred equity costs (11,649) (7,344) (34,947) (7,981)
Net loss attributable to the noncontrolling interests in our Operating Partnership 12,195 10,410 32,048 27,372
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (5,446,249) (4,526,374) (14,831,207) (11,333,814)
Student Housing [Member]        
Revenues:        
Total revenues 1,689,154 1,841,243 5,748,629 6,415,533
Operating expenses:        
Property operating expenses 1,215,998 1,218,285 3,073,608 3,106,101
Property operating expenses – affiliates 238,396 201,449 712,757 441,782
Depreciation 835,220 812,347 2,486,624 2,432,839
Intangible amortization expense   512,040   3,743,640
Other income (expense):        
Interest expense (535,350) (535,350) (1,606,050) (1,606,050)
Interest expense – debt issuance costs (24,741) (17,031) (77,732) (51,094)
Other 7,949   9,810  
Net loss (1,152,602) (1,455,259) (2,198,332) (4,965,973)
Senior Housing [Member]        
Revenues:        
Total revenues 6,587,994 4,149,750 19,361,418 8,496,829
Operating expenses:        
Property operating expenses 4,328,495 2,691,884 12,475,375 5,456,860
Property operating expenses – affiliates 457,407 284,138 1,364,953 424,474
Depreciation 1,187,625 745,263 3,498,855 1,497,267
Intangible amortization expense 1,836,354 1,329,502 5,509,781 2,567,736
Acquisition expenses – affiliates   57,538   148,736
Other property acquisition expenses   34,602   304,483
Other income (expense):        
Interest expense (1,998,667) (1,268,722) (6,057,148) (2,504,035)
Interest expense – debt issuance costs (183,201) (198,991) (513,578) (489,310)
Other (298) (37,610) (2,082) (64,699)
Net loss $ (3,404,053) $ (2,498,500) $ (10,060,354) $ (4,960,771)
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.46) $ (0.41) $ (1.29) $ (1.08)
Weighted average shares outstanding – basic and diluted 11,480,300 10,925,932 11,361,823 10,485,885
Class T Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.46)   $ (1.29)  
Weighted average shares outstanding – basic and diluted 75,470   59,826  
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.46) $ (0.41) $ (1.29) $ (1.08)
Weighted average shares outstanding – basic and diluted 84,576 12,003 75,070 4,045
Class Y Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.46)   $ (1.29)  
Weighted average shares outstanding – basic and diluted 77,670   26,175  
Class Z Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.46)   $ (1.29)  
Weighted average shares outstanding – basic and diluted 45,344   15,281