10-K Filing

BLUEROCK HOMES TRUST, INC. CIK: 1903382 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001410578-23-000330`
Period End Date	20221231
Filing Date	20230322
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	bhm-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 67 Cash Flow Statement 87 Stockholders Equity 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$42.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Land	`Land`	$69.37M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$278.59M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$412.46M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture, fixtures and equipment	`FurnitureAndFixturesGross`	$2.46M	USD	Point-in-time
Furniture, fixtures and equipment	`FurnitureAndFixturesGross`	$8.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Gross Real Estate Investments	`RealEstateGrossAtCarryingValue`	$489.99M	USD	Point-in-time
Total Gross Real Estate Investments	`RealEstateGrossAtCarryingValue`	$323.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Accumulated depreciation	`RealEstateAccumulatedDepreciation`	$17.86M	USD	Point-in-time
Accumulated depreciation	`RealEstateAccumulatedDepreciation`	$4.96M	USD	Point-in-time
Total Net Real Estate Investments	`RealEstateInvestments`	$318.08M	USD	Point-in-time
Total Net Real Estate Investments	`RealEstateInvestments`	$472.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.54M	USD	Point-in-time
Notes and accrued interest receivable, net	`NotesReceivableRelatedParties`	$38.88M	USD	Point-in-time
Due from affiliates	`DueFromAffiliates`	-	USD	Point-in-time
Due from affiliates	`DueFromAffiliates`	$428.00K	USD	Point-in-time
Accounts receivable, prepaids and other assets, net	`AccountsAndOtherReceivablesNetCurrent`	$5.09M	USD	Point-in-time
Accounts receivable, prepaids and other assets, net	`AccountsAndOtherReceivablesNetCurrent`	$17.92M	USD	Point-in-time
Preferred equity investments in unconsolidated real estate joint ventures, net	`EquityMethodInvestments`	$39.52M	USD	Point-in-time
Preferred equity investments in unconsolidated real estate joint ventures, net	`EquityMethodInvestments`	$86.29M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$2.52M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$658.89M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$541.46M	USD	Point-in-time
Mortgages payable	`LongTermDebtNoncurrent`	$98.19M	USD	Point-in-time
Mortgages payable	`LongTermDebtNoncurrent`	$63.01M	USD	Point-in-time
Revolving credit facilities	`LineOfCredit`	$55.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$2.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$1.75M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$10.78M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$9.75M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$506.00K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$2.21M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$3.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$166.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$79.49M	USD	Point-in-time
Preferred stock, $0.01 par value, 250,000,000 and no shares authorized at December 31, 2022 and 2021, respectively; no shares issued and outstanding as of December 31, 2022 and 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 250,000,000 and no shares authorized at December 31, 2022 and 2021, respectively; no shares issued and outstanding as of December 31, 2022 and 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$38.00K	USD	Point-in-time
Predecessor Bluerock Homes equity	`PredecessorEquity`	$116.51M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$126.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$34.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$159.99M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$150.84M	USD	Point-in-time
Operating partnership units	`MinorityInterestInOperatingPartnerships`	$307.82M	USD	Point-in-time
Operating partnership units	`MinorityInterestInOperatingPartnerships`	$289.26M	USD	Point-in-time
Partially owned properties	`NoncontrollingInterestInPartiallyOwnedProperties`	$24.18M	USD	Point-in-time
Partially owned properties	`NoncontrollingInterestInPartiallyOwnedProperties`	$21.88M	USD	Point-in-time
Total Noncontrolling Interests	`MinorityInterest`	$311.14M	USD	Point-in-time
Total Noncontrolling Interests	`MinorityInterest`	$332.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$183.97M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$541.46M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$658.89M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Rental and other property revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$32.86M	USD	Annual
Rental and other property revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$9.28M	USD	Annual
Interest income from loan investments	`InterestIncomeOperating`	$5.36M	USD	Annual
Interest income from loan investments	`InterestIncomeOperating`	$1.28M	USD	Annual
Total revenues	`Revenues`	$14.63M	USD	Annual
Total revenues	`Revenues`	$34.14M	USD	Annual
Property operating	`OperatingCostsAndExpenses`	$15.17M	USD	Annual
Property operating	`OperatingCostsAndExpenses`	$3.23M	USD	Annual
Property management and asset management fees	`PropertyManagementFeeExpense`	$3.83M	USD	Annual
Property management and asset management fees	`PropertyManagementFeeExpense`	$550.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.10M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.57M	USD	Annual
Management fees to related party	`ManagementFeesRelatedParty`	$1.79M	USD	Annual
Acquisition and pursuit costs	`AcquisitionCosts`	$167.00K	USD	Annual
Weather-related losses, net	`LossFromCatastrophes`	$25.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.01M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.89M	USD	Annual
Total expenses	`OperatingExpenses`	$44.09M	USD	Annual
Total expenses	`OperatingExpenses`	$14.24M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$389.00K	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$-9.95M	USD	Annual
Other income	`OtherIncome`	$446.00K	USD	Annual
Other income	`OtherIncome`	$253.00K	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`PreferredReturnsOnUnconsolidatedRealEstateJointVentures`	$8.59M	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`PreferredReturnsOnUnconsolidatedRealEstateJointVentures`	$3.19M	USD	Annual
Recovery of credit losses	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$402.00K	USD	Annual
Recovery of credit losses	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$28.00K	USD	Annual
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$24.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.92M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.70M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$3.71M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$556.00K	USD	Annual
Net (loss) income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$945.00K	USD	Annual
Net (loss) income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.24M	USD	Annual
Income on operations of rental property	`DisposalGroupIncludingDiscontinuedOperationRentalIncome`	$53.00K	USD	Annual
Income on operations of rental property	`DisposalGroupIncludingDiscontinuedOperationRentalIncome`	$340.00K	USD	Annual
Loss on extinguishment of debt	`DisposalGroupIncludingDiscontinuedOperationGainsLossesOnExtinguishmentOfDebt`	$-6.17M	USD	Annual
Gain on sale of assets from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationGainLossOnSaleOfRealEstateInvestments`	$116.69M	USD	Annual
Gain on sale of assets from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationGainLossOnSaleOfRealEstateInvestments`	$258.00K	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$110.86M	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$311.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$-5.92M	USD	Annual
Net (loss) income	`ProfitLoss`	$111.80M	USD	Annual
Operating partnership units	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$65.83M	USD	Annual
Operating partnership units	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$-1.93M	USD	Annual
Partially-owned properties	`NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties`	$11.65M	USD	Annual
Partially-owned properties	`NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties`	$-3.00M	USD	Annual
Net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$77.48M	USD	Annual
Net (loss) income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.92M	USD	Annual
Net (loss) income attributable to common stockholders	`NetIncomeLoss`	$34.33M	USD	Annual
Net (loss) income attributable to common stockholders	`NetIncomeLoss`	$-1.00M	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.29	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.14	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.03	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$8.79	USD	Annual
Total Net (loss) income per common share - Basic	`EarningsPerShareBasic`	$-0.26	USD	Annual
Total Net (loss) income per common share - Basic	`EarningsPerShareBasic`	$8.93	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.29	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.14	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.03	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$8.79	USD	Annual
Total Net (loss) income per common share - Diluted	`EarningsPerShareDiluted`	$8.93	USD	Annual
Total Net (loss) income per common share - Diluted	`EarningsPerShareDiluted`	$-0.26	USD	Annual
Weighted average basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.84M	shares	Annual
Weighted average basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.84M	shares	Annual
Weighted average diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.84M	shares	Annual
Weighted average diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.84M	shares	Annual

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-5.92M	USD	Annual
Net (loss) income	`ProfitLoss`	$111.80M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.83M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.77M	USD	Annual
Amortization of fair value adjustments	`AmortizationOfDebtDiscountPremium`	$-319.00K	USD	Annual
Amortization of fair value adjustments	`AmortizationOfDebtDiscountPremium`	$-261.00K	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`IncomeLossFromEquityMethodInvestments`	$3.19M	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`IncomeLossFromEquityMethodInvestments`	$8.59M	USD	Annual
Gain on sale of assets from discontinued operations	`GainsLossesOnSalesOfInvestmentRealEstate`	$116.69M	USD	Annual
Gain on sale of assets from discontinued operations	`GainsLossesOnSalesOfInvestmentRealEstate`	$258.00K	USD	Annual
Fair value adjustment of interest rate caps and swaps	`FairValueAdjustmentOfInterestRateCaps`	$-3.08M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtCashAndNonCash`	$6.17M	USD	Annual
Recovery of credit losses	`ProvisionForDoubtfulAccounts`	$-28.00K	USD	Annual
Recovery of credit losses	`ProvisionForDoubtfulAccounts`	$-402.00K	USD	Annual
Distributions of income and preferred returns from preferred equity investments in unconsolidated real estate joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$2.12M	USD	Annual
Distributions of income and preferred returns from preferred equity investments in unconsolidated real estate joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$4.44M	USD	Annual
Share-based compensation attributable to equity incentive plan	`AdjustmentsForShareBasedPaymentsAttributableToEquityIncentivePlan`	$566.00K	USD	Annual
Share-based compensation to Manager - LTIP Units	`AdjustmentsForShareBasedPaymentsAttributableToLtipUnits`	$306.00K	USD	Annual
Due to affiliates, net	`IncreaseDecreaseDueFromToAffiliates`	$-151.00K	USD	Annual
Due to affiliates, net	`IncreaseDecreaseDueFromToAffiliates`	$-2.13M	USD	Annual
Accounts receivable, prepaids and other assets	`IncreaseDecreaseInAccountsReceivablePrepaidsAndOtherAssets`	$-127.00K	USD	Annual
Accounts receivable, prepaids and other assets	`IncreaseDecreaseInAccountsReceivablePrepaidsAndOtherAssets`	$1.26M	USD	Annual
Notes and accrued interest receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$1.87M	USD	Annual
Notes and accrued interest receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-2.94M	USD	Annual
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$719.00K	USD	Annual
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-4.89M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.50M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.81M	USD	Annual
Acquisitions of real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$147.81M	USD	Annual
Acquisitions of real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$255.40M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.70M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$18.65M	USD	Annual
Investment in notes receivable	`PaymentsToFundLongtermLoansToRelatedParties`	$9.64M	USD	Annual
Investment in notes receivable	`PaymentsToFundLongtermLoansToRelatedParties`	$10.42M	USD	Annual
Repayments on notes receivable	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$22.32M	USD	Annual
Repayments on notes receivable	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$45.65M	USD	Annual
Proceeds from sale of real estate investments	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$401.78M	USD	Annual
Proceeds from sale and redemption of unconsolidated real estate joint ventures	`ProceedsFromSaleOfJointVentureInterest`	$7.00M	USD	Point-in-time
Proceeds from sale and redemption of unconsolidated real estate joint ventures	`ProceedsFromSaleOfJointVentureInterest`	$5.60M	USD	Point-in-time
Proceeds from sale and redemption of unconsolidated real estate joint ventures	`ProceedsFromSaleOfJointVentureInterest`	$10.10M	USD	Point-in-time
Proceeds from sale and redemption of unconsolidated real estate joint ventures	`ProceedsFromSaleOfJointVentureInterest`	$41.26M	USD	Annual
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$39.79M	USD	Annual
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$46.72M	USD	Annual
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$6.50M	USD	Point-in-time
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$5.30M	USD	Point-in-time
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.18M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$158.05M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToPartiallyOwnedNonControllingInterests`	$1.93M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToPartiallyOwnedNonControllingInterests`	$16.52M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromPartiallyOwnedNoncontrollingInterests`	$7.22M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromPartiallyOwnedNoncontrollingInterests`	$22.35M	USD	Annual
Contribution from Parent	`ProceedsFromIssuanceOfCommonStock`	$160.36M	USD	Annual
Contribution from Parent	`ProceedsFromIssuanceOfCommonStock`	$98.20M	USD	Annual
Cash distribution to Parent at spin-off	`CashDistributionToParentAtSpinOffAsFinancingActivities`	$-68.47M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$38.00K	USD	Annual
Borrowings on mortgages payable	`ProceedsFromNotesPayable`	$2.57M	USD	Annual
Borrowings on mortgages payable	`ProceedsFromNotesPayable`	$41.94M	USD	Annual
Repayments on mortgages payable including prepayment penalties	`RepaymentsOfNotesPayable`	$5.82M	USD	Annual
Repayments on mortgages payable including prepayment penalties	`RepaymentsOfNotesPayable`	$219.02M	USD	Annual
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$55.00M	USD	Annual
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$30.00M	USD	Annual
Repayments on revolving credit facilities	`RepaymentsOfLinesOfCredit`	$63.00M	USD	Annual
Payments of deferred financing fees	`PaymentsOfFinancingCosts`	$1.21M	USD	Annual
Payments of deferred financing fees	`PaymentsOfFinancingCosts`	$4.62M	USD	Annual
Purchase of interest rate caps	`PaymentsForDerivativeInstrumentFinancingActivities`	$2.27M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-84.46M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$119.31M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$83.40M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.37M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.93M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.54M	USD	Point-in-time
Total cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.53M	USD	Point-in-time
Total cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.56M	USD	Point-in-time
Total cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.93M	USD	Point-in-time
Cash paid for interest (net of interest capitalized)	`InterestPaidNet`	$4.60M	USD	Annual
Cash paid for interest (net of interest capitalized)	`InterestPaidNet`	$5.93M	USD	Annual
Mortgages assumed upon property acquisitions	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$40.50M	USD	Annual
Capital expenditures held in accounts payable and other accrued liabilities	`CapitalExpendituresHeldInAccountsPayableAndOtherAccruedLiabilities`	$909.00K	USD	Annual
Capital expenditures held in accounts payable and other accrued liabilities	`CapitalExpendituresHeldInAccountsPayableAndOtherAccruedLiabilities`	$1.58M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$183.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time
Contributions, net	`StockIssuedDuringPeriodValueNewIssues`	$105.43M	USD	Annual
Contributions, net	`StockIssuedDuringPeriodValueNewIssues`	$182.72M	USD	Annual
Cash distribution to Parent at spin-off	`PredecessorEquityCashDistributionsToParentAtSpinOff`	$68.47M	USD	Annual
Issuance of common stock at spin-off	`StockIssuedDuringPeriodValueIssuanceOfCommonStockAtSpinOff`	$38.00K	USD	Annual
Issuance of LTIP Units for director compensation	`StockIssuedDuringPeriodValueIssuanceOfLtipUnitsForDirectorCompensation`	$566.00K	USD	Annual
Issuance of LTIP Units to Manager	`StockIssuedDuringPeriodValueIssuanceOfLtipUnitsToManager`	$306.00K	USD	Annual
Distributions to partially owned noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.93M	USD	Annual
Distributions to partially owned noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$16.52M	USD	Annual
Net income (loss)	`ProfitLoss`	$-5.92M	USD	Annual
Net income (loss)	`ProfitLoss`	$111.80M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$183.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.