10-K Filing

BLUEROCK HOMES TRUST, INC. CIK: 1903382 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001410578-24-000183`
Period End Date	20231231
Filing Date	20240312
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	bhm-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 65 Cash Flow Statement 84 Stockholders Equity 26

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Series A Redeemable Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.06	pure	1 Quarter
Series A Redeemable Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.06	pure	Point-in-time
Series A Redeemable Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.06	pure	Annual
Series A Redeemable Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.06	pure	Annual
Series A Redeemable Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.06	pure	1 Quarter
Series A Redeemable Preferred Stock, liquidation preference per share	`TemporaryEquityLiquidationPreferencePerShare`	$25.00	USD	Point-in-time
Series A Redeemable Preferred Stock, liquidation preference per share	`TemporaryEquityLiquidationPreferencePerShare`	$25.00	USD	Point-in-time
Series A Redeemable Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	30.00M	shares	Point-in-time
Series A Redeemable Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	20.00M	shares	Point-in-time
Series A Redeemable Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	30.00M	shares	Point-in-time
Series A Redeemable Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	436,675.00	shares	Point-in-time
Series A Redeemable Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Series A Redeemable Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Series A Redeemable Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	436,675.00	shares	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	220.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	220.00M	shares	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Land	`Land`	$69.37M	USD	Point-in-time
Land	`Land`	$70.64M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$412.46M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$394.55M	USD	Point-in-time
Furniture, fixtures and equipment	`FurnitureAndFixturesGross`	$13.28M	USD	Point-in-time
Furniture, fixtures and equipment	`FurnitureAndFixturesGross`	$8.16M	USD	Point-in-time
Total Gross Operating Real Estate Investments	`RealEstateGrossAtCarryingValue`	$478.46M	USD	Point-in-time
Total Gross Operating Real Estate Investments	`RealEstateGrossAtCarryingValue`	$489.99M	USD	Point-in-time
Accumulated depreciation	`RealEstateAccumulatedDepreciation`	$17.86M	USD	Point-in-time
Accumulated depreciation	`RealEstateAccumulatedDepreciation`	$32.45M	USD	Point-in-time
Total Net Operating Real Estate Investments	`SECScheduleIIIRealEstateInvestmentPropertyNet`	$446.01M	USD	Point-in-time
Total Net Operating Real Estate Investments	`SECScheduleIIIRealEstateInvestmentPropertyNet`	$472.13M	USD	Point-in-time
Operating real estate held for sale, net	`OperatingRealEstateLandHeldForSale`	$18.89M	USD	Point-in-time
Total Net Real Estate Investments	`RealEstateInvestments`	$464.90M	USD	Point-in-time
Total Net Real Estate Investments	`RealEstateInvestments`	$472.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.16M	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`	$6.22M	USD	Point-in-time
Notes and accrued interest receivable, net	`NotesReceivableNet`	$17.80M	USD	Point-in-time
Accounts receivable, prepaids and other assets, net	`AccountsAndOtherReceivablesNetCurrent`	$17.92M	USD	Point-in-time
Accounts receivable, prepaids and other assets, net	`AccountsAndOtherReceivablesNetCurrent`	$21.38M	USD	Point-in-time
Preferred equity investments in unconsolidated real estate joint ventures, net	`EquityMethodInvestments`	$81.16M	USD	Point-in-time
Preferred equity investments in unconsolidated real estate joint ventures, net	`EquityMethodInvestments`	$86.29M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$671.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$658.89M	USD	Point-in-time
Mortgages payable	`LongTermDebtNoncurrent`	$96.67M	USD	Point-in-time
Mortgages payable	`LongTermDebtNoncurrent`	$98.19M	USD	Point-in-time
Revolving credit facilities	`LineOfCreditCurrentAndNonCurrent`	$55.00M	USD	Point-in-time
Revolving credit facilities	`LineOfCreditCurrentAndNonCurrent`	$70.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$1.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$691.00K	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$9.75M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$9.44M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$12.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$192.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$166.91M	USD	Point-in-time
6.0% Series A Redeemable Preferred Stock, liquidation preference $25.00 per share, 30,000,000 shares authorized; 436,675 and no shares issued and outstanding at December 31, 2023 and 2022, respectively	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$8.27M	USD	Point-in-time
Preferred stock, $0.01 par value, 220,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 220,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$122.37M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$126.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficitExcludingCumulativeDistributions`	$33.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficitExcludingCumulativeDistributions`	$24.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$147.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$159.99M	USD	Point-in-time
Operating partnership units	`MinorityInterestInOperatingPartnerships`	$307.82M	USD	Point-in-time
Operating partnership units	`MinorityInterestInOperatingPartnerships`	$307.94M	USD	Point-in-time
Partially owned properties	`NoncontrollingInterestInPartiallyOwnedProperties`	$24.18M	USD	Point-in-time
Partially owned properties	`NoncontrollingInterestInPartiallyOwnedProperties`	$15.30M	USD	Point-in-time
Total Noncontrolling Interests	`MinorityInterest`	$323.25M	USD	Point-in-time
Total Noncontrolling Interests	`MinorityInterest`	$332.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$671.62M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$658.89M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Rental and other property revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$32.86M	USD	Annual
Rental and other property revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$41.00M	USD	Annual
Interest income from loan investments	`InterestIncomeOperating`	$1.28M	USD	Annual
Interest income from loan investments	`InterestIncomeOperating`	$94.00K	USD	Annual
Total revenues	`Revenues`	$41.09M	USD	Annual
Total revenues	`Revenues`	$34.14M	USD	Annual
Property operating	`OperatingCostsAndExpenses`	$15.17M	USD	Annual
Property operating	`OperatingCostsAndExpenses`	$19.16M	USD	Annual
Property management and asset management fees	`PropertyManagementFeeExpense`	$3.83M	USD	Annual
Property management and asset management fees	`PropertyManagementFeeExpense`	$4.42M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.00M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.10M	USD	Annual
Management fees to related party	`ManagementFeesRelatedParty`	$7.92M	USD	Annual
Management fees to related party	`ManagementFeesRelatedParty`	$1.79M	USD	Annual
Acquisition and other transaction costs	`AcquisitionCosts`	$167.00K	USD	Annual
Acquisition and other transaction costs	`AcquisitionCosts`	$1.82M	USD	Annual
Weather-related losses, net	`LossFromCatastrophe`	$25.00K	USD	Annual
Weather-related losses, net	`LossFromCatastrophe`	$-17.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.18M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.01M	USD	Annual
Total expenses	`OperatingExpenses`	$44.09M	USD	Annual
Total expenses	`OperatingExpenses`	$57.49M	USD	Annual
Other income, net	`OtherIncome`	$446.00K	USD	Annual
Other income, net	`OtherIncome`	$679.00K	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`PreferredReturnsOnUnconsolidatedRealEstateJointVentures`	$11.63M	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`PreferredReturnsOnUnconsolidatedRealEstateJointVentures`	$8.59M	USD	Annual
(Provision for) recovery of credit losses	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$402.00K	USD	Annual
(Provision for) recovery of credit losses	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$-174.00K	USD	Annual
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$24.00K	USD	Annual
Gain on sale and impairment of real estate investments, net	`GainLossOnSaleOfInvestments`	$-1.02M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-13.10M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.70M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.61M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$627.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$3.71M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-15.77M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.24M	USD	Annual
Income on operations of rental property	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$53.00K	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$258.00K	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$311.00K	USD	Annual
Net loss	`ProfitLoss`	$-5.92M	USD	Annual
Net loss	`ProfitLoss`	$-15.77M	USD	Annual
Preferred stock dividends	`RedeemablePreferredStockDividends`	$130.00K	USD	Annual
Operating partnership units	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$-1.93M	USD	Annual
Operating partnership units	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$-9.00M	USD	Annual
Partially-owned properties	`NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties`	$-3.00M	USD	Annual
Partially-owned properties	`NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties`	$-2.40M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.92M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-11.39M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.50M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.00M	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.30	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.29	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.03	USD	Annual
Net loss per common share - Basic	`EarningsPerShareBasic`	$-0.26	USD	Annual
Net loss per common share - Basic	`EarningsPerShareBasic`	$-1.30	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.30	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.29	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.03	USD	Annual
Net loss per common share - Diluted	`EarningsPerShareDiluted`	$-0.26	USD	Annual
Net loss per common share - Diluted	`EarningsPerShareDiluted`	$-1.30	USD	Annual
Weighted average basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.84M	shares	Annual
Weighted average basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.85M	shares	Annual
Weighted average diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.85M	shares	Annual
Weighted average diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.84M	shares	Annual

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.92M	USD	Annual
Net loss	`ProfitLoss`	$-15.77M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.77M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.27M	USD	Annual
Amortization of fair value adjustments	`AmortizationOfDebtDiscountPremium`	$-319.00K	USD	Annual
Amortization of fair value adjustments	`AmortizationOfDebtDiscountPremium`	$-319.00K	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.63M	USD	Annual
Preferred returns on unconsolidated real estate joint ventures	`IncomeLossFromEquityMethodInvestments`	$8.59M	USD	Annual
Gain on sale and impairment of real estate investments, net	`GainLossOnSaleOfInvestments`	$-1.02M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$258.00K	USD	Annual
Fair value adjustment of interest rate caps and swaps	`FairValueAdjustmentOfInterestRateCaps`	$-3.08M	USD	Annual
Fair value adjustment of interest rate caps and swaps	`FairValueAdjustmentOfInterestRateCaps`	$2.93M	USD	Annual
Provision for (recovery of) credit losses, net	`ProvisionForDoubtfulAccounts`	$-402.00K	USD	Annual
Provision for (recovery of) credit losses, net	`ProvisionForDoubtfulAccounts`	$174.00K	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`	$5.42M	USD	Annual
Share-based compensation attributable to equity incentive plan	`AdjustmentsForShareBasedPaymentsAttributableToEquityIncentivePlan`	$566.00K	USD	Annual
Share-based compensation attributable to equity incentive plan	`AdjustmentsForShareBasedPaymentsAttributableToEquityIncentivePlan`	$2.71M	USD	Annual
Share-based compensation to Manager - C-LTIP Units	`AdjustmentsForShareBasedPaymentsAttributableToLtipUnits`	$306.00K	USD	Annual
Share-based compensation to Manager - C-LTIP Units	`AdjustmentsForShareBasedPaymentsAttributableToLtipUnits`	$9.15M	USD	Annual
Due to affiliates, net	`IncreaseDecreaseDueFromToAffiliates`	$-1.30M	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`	$215.00K	USD	Annual
Notes and accrued interest receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-2.94M	USD	Annual
Notes and accrued interest receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$129.00K	USD	Annual
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-28.00K	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`	$13.88M	USD	Annual
Acquisitions of real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$10.84M	USD	Annual
Acquisitions of real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$147.81M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$18.65M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.53M	USD	Annual
Investment in notes receivable	`PaymentsToFundLongtermLoansToRelatedParties`	$17.68M	USD	Annual
Investment in notes receivable	`PaymentsToFundLongtermLoansToRelatedParties`	$9.64M	USD	Annual
Repayments on notes receivable	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$45.65M	USD	Annual
Proceeds from sale of real estate investments	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$9.05M	USD	Annual
Proceeds from redemption of unconsolidated real estate joint ventures	`ProceedsFromSaleOfJointVentureInterest`	$25.84M	USD	Annual
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$46.72M	USD	Annual
Investments in unconsolidated real estate joint venture interests	`PaymentsToAcquireEquityMethodInvestments`	$22.56M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.72M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.18M	USD	Annual
Distributions to partially owned properties' noncontrolling interests	`PaymentsOfDividendsToPartiallyOwnedNonControllingInterests`	$1.93M	USD	Annual
Distributions to partially owned properties' noncontrolling interests	`PaymentsOfDividendsToPartiallyOwnedNonControllingInterests`	$311.00K	USD	Annual
Distributions to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$78.00K	USD	Annual
Contribution from Parent	`ProceedsFromIssuanceOfCommonStock`	$98.20M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromPartiallyOwnedNoncontrollingInterests`	$399.00K	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromPartiallyOwnedNoncontrollingInterests`	$7.22M	USD	Annual
Cash distribution to Parent at spin-off	`CashDistributionToParentAtSpinOffAsFinancingActivities`	$-68.47M	USD	Annual
Purchase of interests from noncontrolling interests	`PaymentsToMinorityShareholders`	$5.05M	USD	Annual
Borrowings on mortgages payable	`ProceedsFromNotesPayable`	$41.94M	USD	Annual
Repayments on mortgages payable	`RepaymentsOfNotesPayable`	$5.82M	USD	Annual
Repayments on mortgages payable	`RepaymentsOfNotesPayable`	$1.53M	USD	Annual
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$55.00M	USD	Annual
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$21.00M	USD	Annual
Repayments on revolving credit facilities	`RepaymentsOfLinesOfCredit`	$6.00M	USD	Annual
Payments of deferred financing fees	`PaymentsOfFinancingCosts`	$4.62M	USD	Annual
Payments of deferred financing fees	`PaymentsOfFinancingCosts`	$1.47M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$38.00K	USD	Annual
Purchase of interest rate caps	`PaymentsForDerivativeInstrumentFinancingActivities`	$2.27M	USD	Annual
Net proceeds from issuance of 6.0% Series A Redeemable Preferred Stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$8.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$119.31M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.66M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.82M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.37M	USD	Annual
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`	$86.38M	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`	$82.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.38M	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`	$80.16M	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`	$6.22M	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`	$86.38M	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`	$7.20M	USD	Annual
Cash paid for interest (net of interest capitalized)	`InterestPaidNet`	$5.93M	USD	Annual
Distributions payable - declared and unpaid	`AccrualOfDistributionsPayableToCommonUnitholders`	$12.44M	USD	Annual
Capital expenditures held in accounts payable and other accrued liabilities	`CapitalExpendituresHeldInAccountsPayableAndOtherAccruedLiabilities`	$1.58M	USD	Annual
Capital expenditures held in accounts payable and other accrued liabilities	`CapitalExpendituresHeldInAccountsPayableAndOtherAccruedLiabilities`	$238.00K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Beginning Balance (Shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance (Shares)	`TemporaryEquitySharesOutstanding`	436,675.00	shares	Point-in-time
Contributions, net	`StockIssuedDuringPeriodValueNewIssues`	$105.43M	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 restricted Class A common stock and LTIP Units for equity incentive plan compensation	`StockIssuedDuringPeriodValueIssuanceOfRestrictedStockAndLtipUnitsForEquityIncentivePlanCompensation`	$2.71M	USD	Annual
Issuance of LTIP Units for equity incentive plan compensation	`StockIssuedDuringPeriodValueIssuanceOfLtipUnitsForDirectorCompensation`	$566.00K	USD	Annual
Issuance of LTIP Units to Manager	`StockIssuedDuringPeriodValueIssuanceOfLtipUnitsToManager`	$9.15M	USD	Annual
Issuance of LTIP Units to Manager	`StockIssuedDuringPeriodValueIssuanceOfLtipUnitsToManager`	$306.00K	USD	Annual
Distributions to Operating Partnership noncontrolling interests	`DecreaseFromDistributionsToOperatingPartnershipNoncontrollingInterestHolders`	$8.51M	USD	Annual
Distributions to partially owned properties' noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$311.00K	USD	Annual
Distributions to partially owned properties' noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.93M	USD	Annual
Common stock distributions declared	`DividendsCommonStock`	$3.88M	USD	Annual
Series A Preferred Stock distributions declared	`DividendsPreferredStock`	$130.00K	USD	Annual
Acquisition of noncontrolling interests	`AcquisitionOfNoncontrollingInterests`	$-5.05M	USD	Annual
Contributions from noncontrolling interests	`NonControllingInterestIncreaseFromContributions`	$399.00K	USD	Annual
Net loss	`ProfitLoss`	$-5.92M	USD	Annual
Net loss	`ProfitLoss`	$-15.77M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$491.99M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Ending balance (Shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (Shares)	`TemporaryEquitySharesOutstanding`	436,675.00	shares	Point-in-time

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