Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary of Reportable Segments

The following table summarizes information for the reportable segments for the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	Student Housing						Senior Housing						Corporate and Other						Total
	2021			2020			2021			2020			2021			2020			2021			2020
Leasing and leasing related revenues	$	2,021,487		$	1,834,471		$	6,183,193		$	6,729,599		$	—		$	—		$	8,204,680		$	8,564,070
Other revenues	—			—				39,080			169,529		—			—				39,080			169,529
Property operating expenses		(998,385	)		(955,454	)		(4,478,156	)		(4,564,294	)	—			—				(5,476,541	)		(5,519,748	)
Net operating income		1,023,102			879,017			1,744,117			2,334,834			—			—			2,767,219			3,213,851
Property operating expenses - affiliates		235,801			237,098			466,991			477,154		—			—				702,792			714,252
General and administrative	—			—			—			—				307,197			465,477			307,197			465,477
Depreciation		842,088			832,565			1,345,523			1,321,449			2,401			3,596			2,190,012			2,157,610
Intangible amortization expense		—			-			626,332			954,900		—			—				626,332			954,900
Interest expense		535,350			535,350			1,825,809			2,026,037		—			—				2,361,159			2,561,387
Interest expense – debt issuance costs		26,496			26,496			96,844			93,455		—			—				123,340			119,950
Other		-			-			-			-			21,406			53,011			21,406			53,011
Net loss	$	(616,633	)	$	(752,492	)	$	(2,617,382	)	$	(2,538,161	)	$	(331,004	)	$	(522,084	)	$	(3,565,019	)	$	(3,812,736	)

Summary of Total Assets by Segment

The following table summarizes our total assets by segment:

Segments	March 31, 2021		December 31, 2020
Student housing	$	88,195,092	$	88,740,898
Senior housing		161,155,670		162,477,624
Corporate and Other		7,562,209		8,321,205
Total assets	$	256,912,971	$	259,539,727