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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 8,394,776 $ 8,451,571 $ 17,128,375 $ 16,832,899
Operating expenses:        
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
Total operating expenses 9,821,714 10,093,641 19,633,701 20,211,055
Operating loss (1,426,938) (1,642,070) (2,505,326) (3,378,156)
Other income (expense):        
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)
Less: Distributions to preferred unitholders in our Operating Partnership (265,207) (243,810) (524,760) (482,050)
Less: Accretion of preferred equity costs (3,879) (11,648) (7,763) (23,297)
Net loss attributable to the noncontrolling interests in our Operating Partnership 8,470 10,336 16,566 19,853
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (4,248,747) (4,644,175) (8,316,824) (9,384,956)
Student Housing [Member]        
Revenues:        
Total revenues 1,721,032 2,035,523 3,555,503 4,059,475
Operating expenses:        
Property operating expenses 897,294 872,611 1,852,748 1,857,611
Property operating expenses – affiliates 236,167 236,112 473,265 474,361
Depreciation 833,317 828,355 1,665,882 1,651,404
Other income (expense):        
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]        
Revenues:        
Total revenues 6,673,744 6,416,048 13,572,872 12,773,424
Operating expenses:        
Property operating expenses 4,740,521 4,133,439 9,304,815 8,146,879
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
Other income (expense):        
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)
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.33) $ (0.40) $ (0.64) $ (0.82)
Weighted average shares outstanding – basic and diluted 11,615,267 11,384,828 11,601,094 11,293,231
Class T Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.33) $ (0.40) $ (0.64) $ (0.82)
Weighted average shares outstanding – basic and diluted 77,598 64,133 77,452 51,875
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.33) $ (0.40) $ (0.64) $ (0.82)
Weighted average shares outstanding – basic and diluted 85,548 77,735 85,464 70,238
Class Y Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.33)   $ (0.64)  
Weighted average shares outstanding – basic and diluted 1,123,349   1,046,598  
Class Z Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.33)   $ (0.64)  
Weighted average shares outstanding – basic and diluted 166,494   164,712