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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 8,711,520 $ 8,168,446 $ 25,453,364 $ 25,296,821
Operating expenses:        
Property operating expenses – affiliates 713,791 705,774 2,123,040 2,129,859
General and administrative 348,010 437,078 978,823 1,266,569
Depreciation 2,211,846 2,164,303 6,602,614 6,477,065
Intangible amortization expense   954,900 626,332 2,864,700
Total operating expenses 9,459,205 9,915,408 27,597,300 29,549,108
Operating loss (747,685) (1,746,962) (2,143,936) (4,252,287)
Other income (expense):        
Interest expense (2,401,550) (2,402,905) (7,141,588) (7,385,126)
Interest expense – debt issuance costs (116,310) (135,564) (357,604) (397,682)
Forgiveness of PPP Loans     1,971,157  
Other (18,364) (9,529) (81,463) (60,732)
Net loss (3,283,909) (4,294,960) (7,753,434) (12,095,827)
Less: Distributions to preferred unitholders in our Operating Partnership (298,013) (273,124) (868,597) (797,886)
Less: Accretion of preferred equity costs   (3,882) (7,765) (11,642)
Net loss attributable to the noncontrolling interest in our Operating Partnership 7,063 8,381 17,144 24,947
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (3,574,859) (4,563,585) (8,612,652) (12,880,408)
Student Housing [Member]        
Revenues:        
Total revenues 1,944,146 1,819,960 5,922,765 5,375,463
Operating expenses:        
Property operating expenses 1,205,550 1,165,844 3,101,128 3,018,592
Property operating expenses – affiliates 238,493 236,817 708,969 710,082
Depreciation 848,998 835,835 2,534,901 2,501,717
Other income (expense):        
Interest expense (535,350) (535,350) (1,606,050) (1,606,050)
Interest expense – debt issuance costs (26,496) (26,497) (79,488) (79,489)
Net loss (910,741) (980,383) (2,107,771) (2,540,467)
Senior Housing [Member]        
Revenues:        
Total revenues 6,767,374 6,348,486 19,530,599 19,921,358
Operating expenses:        
Property operating expenses 4,980,008 4,487,509 14,165,363 13,792,323
Property operating expenses – affiliates 475,298 468,957 1,414,071 1,419,777
Depreciation 1,359,116 1,324,871 4,056,655 3,964,558
Intangible amortization expense   954,900 626,332 2,864,700
Other income (expense):        
Interest expense (1,866,200) (1,867,555) (5,535,538) (5,779,076)
Interest expense – debt issuance costs (89,814) (109,067) (278,116) (318,193)
Forgiveness of PPP Loans     1,971,157  
Other (174)   (174) (370)
Net loss $ (2,003,236) $ (2,864,373) $ (4,574,493) $ (8,217,639)
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.27) $ (0.35) $ (0.66) $ (0.99)
Weighted average shares outstanding – basic and diluted 11,618,643 11,617,305 11,616,098 11,606,537
Class T Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.27) $ (0.35) $ (0.66) $ (0.99)
Weighted average shares outstanding – basic and diluted 77,598 77,598 77,598 77,501
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.27) $ (0.35) $ (0.66) $ (0.99)
Weighted average shares outstanding – basic and diluted 85,548 85,548 85,548 85,492
Class Y Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.27) $ (0.35) $ (0.66) $ (0.99)
Weighted average shares outstanding – basic and diluted 1,123,349 1,123,349 1,123,349 1,072,368
Class Z Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.27) $ (0.35) $ (0.66) $ (0.99)
Weighted average shares outstanding – basic and diluted 166,494 166,494 166,494 165,311