10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001632970-18-000117`
Period End Date	20180630
Filing Date	20180810
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	gahr-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 68 Cash Flow Statement 114 Stockholders Equity 28

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$479.05M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$419.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$5.92M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$84.10M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$2.84M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$74.40M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$162.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$16.00K	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$9.06M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$500.00K	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.70M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$44.82M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$6.73M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$5.23M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$480.15M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$573.42M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$11.57M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.09M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$3.96M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$11.69M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$84.10M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$74.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$22.96M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$19.43M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.22M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.12M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.74M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.57M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$977.00K	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$1.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$125.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.00M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	USD	Point-in-time
Redeemable noncontrolling interests (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$1.00M	USD	Point-in-time
Redeemable noncontrolling interests (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$1.00M	USD	Point-in-time
Redeemable noncontrolling interests (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share; 200,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share; 200,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$486.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$376.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.42M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$480.15M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$573.42M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$6.20M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$10.25M	USD	2 Qtrs
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$10.58M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$20.02M	USD	2 Qtrs
Resident fees and services	`HealthCareOrganizationResidentServiceRevenue`	$16.84M	USD	2 Qtrs
Resident fees and services	`HealthCareOrganizationResidentServiceRevenue`	$8.43M	USD	1 Quarter
Resident fees and services	`HealthCareOrganizationResidentServiceRevenue`	-	USD	1 Quarter
Resident fees and services	`HealthCareOrganizationResidentServiceRevenue`	-	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$6.20M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$19.01M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$36.85M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$10.25M	USD	2 Qtrs
Rental expenses	`CostOfRealEstateRevenue`	$4.90M	USD	2 Qtrs
Rental expenses	`CostOfRealEstateRevenue`	$2.80M	USD	2 Qtrs
Rental expenses	`CostOfRealEstateRevenue`	$2.55M	USD	1 Quarter
Rental expenses	`CostOfRealEstateRevenue`	$1.61M	USD	1 Quarter
Property operating expenses	`OwnedPropertyManagementCosts`	$6.77M	USD	1 Quarter
Property operating expenses	`OwnedPropertyManagementCosts`	$14.00M	USD	2 Qtrs
Property operating expenses	`OwnedPropertyManagementCosts`	-	USD	1 Quarter
Property operating expenses	`OwnedPropertyManagementCosts`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$952.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.70M	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$156.00K	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$61.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$213.00K	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$140.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.05M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$37.80M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$8.89M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$18.81M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$5.17M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$409.00K	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$2.24M	USD	2 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$1.16M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$827.00K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$1.00K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$1.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-3.19M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-958.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$621.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$536.00K	USD	2 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-58.00K	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-125.00K	USD	2 Qtrs
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$621.00K	USD	1 Quarter
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$-3.07M	USD	2 Qtrs
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$536.00K	USD	2 Qtrs
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$-900.00K	USD	1 Quarter
Net (loss) income per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net (loss) income per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net (loss) income per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Net (loss) income per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.28M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.37M	shares	2 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.04M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.22M	shares	2 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 114 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-3.19M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-958.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$621.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$536.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.05M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.18M	USD	2 Qtrs
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt discount/premium)	`OtherAmortization`	$389.00K	USD	2 Qtrs
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt discount/premium)	`OtherAmortization`	$157.00K	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-556.00K	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-1.34M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$39.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$75.00K	USD	2 Qtrs
Share discounts	`Sharesissuedindiscount`	$3.00K	USD	2 Qtrs
Share discounts	`Sharesissuedindiscount`	-	USD	2 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$146.00K	USD	2 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$69.00K	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$103.00K	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.74M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$122.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$326.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$963.00K	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$55.00K	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$123.00K	USD	2 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-11.00K	USD	2 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-109.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.69M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.97M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$199.16M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$65.50M	USD	2 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$33.00K	USD	2 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$3.73M	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$8.56M	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-179.00K	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	-	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$137.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-199.02M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.94M	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$200.00K	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$125.00K	USD	2 Qtrs
Borrowings under the line of credit and term loan	`ProceedsFromLinesOfCredit`	$116.50M	USD	2 Qtrs
Borrowings under the line of credit and term loan	`ProceedsFromLinesOfCredit`	$172.10M	USD	2 Qtrs
Payments on the line of credit and term loan	`RepaymentsOfLinesOfCredit`	$134.90M	USD	2 Qtrs
Payments on the line of credit and term loan	`RepaymentsOfLinesOfCredit`	$126.20M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$164.00K	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$129.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$114.46M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$169.00M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$69.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.13M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$9.12M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$8.70M	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	-	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-16.00K	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$6.08M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$2.08M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.09M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$195.07M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.03M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$19.85M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	-	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$162.00K	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.10M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.26M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	-	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$162.00K	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.10M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.26M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.24M	USD	Point-in-time
Interest	`InterestPaid`	$1.80M	USD	2 Qtrs
Interest	`InterestPaid`	$672.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$6.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$7.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$697.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$719.00K	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$402.00K	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	-	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$435.00K	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	-	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$83.00K	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$122.00K	USD	2 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$5.81M	USD	2 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$8.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$230.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$743.00K	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$519.00K	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$371.00K	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$2.87M	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$7.77M	USD	2 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.64M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$1.35M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.77M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.79M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$9.60M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$14.35M	USD	Point-in-time
Receivable from transfer agent	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$11.00K	USD	2 Qtrs
Receivable from transfer agent	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$10.00K	USD	2 Qtrs
Receivable from transfer agent	`ReceivableFromTransferAgent`	$957.00K	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	$906.00K	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-58.00K	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-125.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-58.00K	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-125.00K	USD	2 Qtrs
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.42M	USD	Point-in-time
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	1.83M	shares	9 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	1.01M	shares	7 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.81M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$7.77M	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.16M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$2.87M	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$621.00K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-3.07M	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$536.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-900.00K	USD	1 Quarter
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.42M	USD	Point-in-time
Adjustments to Additional Paid in Capital, Fair Value Adjustment to Redeemable Noncontrolling Interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	-	USD	2 Qtrs
Adjustments to Additional Paid in Capital, Fair Value Adjustment to Redeemable Noncontrolling Interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$125.00K	USD	2 Qtrs

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