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Real Estate Facilities
6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Real Estate Facilities

Note 3. Real Estate Facilities

The following summarizes the activity in the real estate facilities during the six months ended June 30, 2020:

 

Real estate facilities

 

 

 

 

Balance at December 31, 2019

 

$

268,740,745

 

Additions - Student

 

 

27,392

 

Additions - Senior

 

 

295,108

 

Balance at June 30, 2020

 

$

269,063,245

 

Accumulated depreciation

 

 

 

 

Balance at December 31, 2019

 

$

(15,243,833

)

Depreciation expense

 

 

(4,312,762

)

Balance at June 30, 2020

 

$

(19,556,595

)