XML 45 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Segment Reporting Information [Line Items]        
Total revenues $ 8,394,776 $ 8,451,571 $ 17,128,375 $ 16,832,899
Property operating expenses (5,637,815) (5,006,050) (11,157,563) (10,004,490)
Net operating income 2,756,961 3,445,521 5,970,812 6,828,409
Property operating expenses – affiliates 709,833 690,980 1,424,085 1,381,907
General and administrative 364,014 574,341 829,491 1,182,546
Depreciation 2,155,152 1,985,916 4,312,762 3,968,685
Intangible amortization expense 954,900 1,836,354 1,909,800 3,673,427
Interest expense 2,420,834 2,543,584 4,982,221 5,129,181
Interest expense – debt issuance costs 142,167 185,795 262,118 383,368
Other (1,808) 27,604 51,202 8,757
Net loss (3,988,131) (4,399,053) (7,800,867) (8,899,462)
Student Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 1,721,032 2,035,523 3,555,503 4,059,475
Property operating expenses (897,294) (872,611) (1,852,748) (1,857,611)
Net operating income 823,738 1,162,912 1,702,755 2,201,864
Property operating expenses – affiliates 236,167 236,112 473,265 474,361
Depreciation 833,317 828,355 1,665,882 1,651,404
Interest expense 535,350 535,350 1,070,700 1,070,700
Interest expense – debt issuance costs 26,496 26,495 52,992 52,991
Other   139   (1,862)
Net loss (807,592) (463,539) (1,560,084) (1,045,730)
Senior Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 6,673,744 6,416,048 13,572,872 12,773,424
Property operating expenses (4,740,521) (4,133,439) (9,304,815) (8,146,879)
Net operating income 1,933,223 2,282,609 4,268,057 4,626,545
Property operating expenses – affiliates 473,666 454,868 950,820 907,546
Depreciation 1,318,238 1,154,448 2,639,687 2,311,230
Intangible amortization expense 954,900 1,836,354 1,909,800 3,673,427
Interest expense 1,885,484 2,008,234 3,911,521 4,058,481
Interest expense – debt issuance costs 115,671 159,300 209,126 330,377
Other   823 370 1,785
Net loss (2,814,736) (3,331,418) (5,353,267) (6,656,301)
Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
General and administrative 364,014 574,341 829,491 1,182,546
Depreciation 3,597 3,113 7,193 6,051
Other (1,808) 26,642 50,832 8,834
Net loss (365,803) (604,096) (887,516) (1,197,431)
Leasing and leasing related revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues 8,355,454 8,259,021 16,919,524 16,487,927
Leasing and leasing related revenues [Member] | Student Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 1,721,032 2,035,523 3,555,503 4,059,475
Leasing and leasing related revenues [Member] | Senior Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues 6,634,422 6,223,498 13,364,021 12,428,452
Other Revenues [Member]        
Segment Reporting Information [Line Items]        
Total revenues 39,322 192,550 208,851 344,972
Other Revenues [Member] | Senior Housing [Member]        
Segment Reporting Information [Line Items]        
Total revenues $ 39,322 $ 192,550 $ 208,851 $ 344,972