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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 8,498,084 $ 8,394,776 $ 16,741,844 $ 17,128,375
Operating expenses:        
Property operating expenses – affiliates 706,457 709,833 1,409,249 1,424,085
General and administrative 323,614 364,014 630,811 829,491
Depreciation 2,200,756 2,155,152 4,390,768 4,312,762
Intangible amortization expense   954,900 626,332 1,909,800
Total operating expenses 8,835,218 9,821,714 18,138,093 19,633,701
Operating loss (337,134) (1,426,938) (1,396,249) (2,505,326)
Other income (expense):        
Interest expense (2,378,879) (2,420,834) (4,740,038) (4,982,221)
Interest expense – debt issuance costs (117,954) (142,167) (241,294) (262,118)
Forgiveness of PPP Loans 1,971,157   1,971,157  
Other (41,693) 1,808 (63,099) (51,202)
Net loss (904,503) (3,988,131) (4,469,523) (7,800,867)
Less: Distributions to preferred unitholders in our Operating Partnership (289,474) (265,207) (570,584) (524,760)
Less: Accretion of preferred equity costs (3,883) (3,879) (7,765) (7,763)
Net loss attributable to the noncontrolling interest in our Operating Partnership 2,178 8,470 10,081 16,566
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (1,195,682) (4,248,747) (5,037,791) (8,316,824)
Student Housing [Member]        
Revenues:        
Total revenues 1,957,132 1,721,032 3,978,619 3,555,503
Operating expenses:        
Property operating expenses 897,193 897,294 1,895,578 1,852,748
Property operating expenses – affiliates 234,675 236,167 470,476 473,265
Depreciation 843,815 833,317 1,685,903 1,665,882
Other income (expense):        
Interest expense (535,350) (535,350) (1,070,700) (1,070,700)
Interest expense – debt issuance costs (26,496) (26,496) (52,992) (52,992)
Net loss (580,397) (807,592) (1,197,030) (1,560,084)
Senior Housing [Member]        
Revenues:        
Total revenues 6,540,952 6,673,744 12,763,225 13,572,872
Operating expenses:        
Property operating expenses 4,707,198 4,740,521 9,185,355 9,304,815
Property operating expenses – affiliates 471,782 473,666 938,773 950,820
Depreciation 1,352,016 1,318,238 2,697,539 2,639,687
Intangible amortization expense   954,900 626,332 1,909,800
Other income (expense):        
Interest expense (1,843,529) (1,885,484) (3,669,338) (3,911,521)
Interest expense – debt issuance costs (91,458) (115,671) (188,302) (209,126)
Forgiveness of PPP Loans 1,971,157   1,971,157  
Other       (370)
Net loss $ 46,126 $ (2,814,736) $ (2,571,257) $ (5,353,267)
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.09) $ (0.33) $ (0.39) $ (0.64)
Weighted average shares outstanding – basic and diluted 11,615,526 11,615,267 11,615,168 11,601,094
Class T Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.09) $ (0.33) $ (0.39) $ (0.64)
Weighted average shares outstanding – basic and diluted 77,598 77,598 77,598 77,452
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.09) $ (0.33) $ (0.39) $ (0.64)
Weighted average shares outstanding – basic and diluted 85,548 85,548 85,548 85,464
Class Y Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.09) $ (0.33) $ (0.39) $ (0.64)
Weighted average shares outstanding – basic and diluted 1,123,349 1,123,349 1,123,349 1,046,598
Class Z Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.09) $ (0.33) $ (0.39) $ (0.64)
Weighted average shares outstanding – basic and diluted 166,494 166,494 166,494 164,712