10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001632970-18-000163`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	gahr-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 116 Stockholders Equity 24

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$419.67M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$638.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.84M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$10.66M	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`	$200.00M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$182.00K	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$500.00K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$4.25M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$64.09M	USD	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
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
Other assets, net	`OtherAssets`	$8.12M	USD	Point-in-time
Total assets	`Assets`	$756.72M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$480.15M	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`	$16.99M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$11.64M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$11.57M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$3.96M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$84.10M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$200.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$19.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$29.57M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.12M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.35M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.49M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.74M	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`	$2.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$258.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$125.93M	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`	$1.28M	USD	Point-in-time
Redeemable noncontrolling interests (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	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
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`	$547.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$376.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$756.72M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$480.15M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$8.49M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$32.53M	USD	3 Qtrs
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$12.51M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$18.74M	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.77M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.60M	USD	3 Qtrs
Total revenues	`Revenues`	$22.28M	USD	1 Quarter
Total revenues	`Revenues`	$8.49M	USD	1 Quarter
Total revenues	`Revenues`	$59.13M	USD	3 Qtrs
Total revenues	`Revenues`	$18.74M	USD	3 Qtrs
Rental expenses	`CostOfRevenue`	$4.89M	USD	3 Qtrs
Rental expenses	`CostOfRevenue`	$8.09M	USD	3 Qtrs
Rental expenses	`CostOfRevenue`	$3.19M	USD	1 Quarter
Rental expenses	`CostOfRevenue`	$2.10M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$21.99M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$7.99M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.80M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.00M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.10M	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$98.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$121.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$254.00K	USD	3 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$334.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.62M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$22.38M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$15.84M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$6.95M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$60.19M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$780.00K	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$3.85M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$1.61M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$1.60M	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$1.00K	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$6.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$6.00K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$754.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.70M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.29M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.89M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-4.90M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$754.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.29M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-1.70M	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-72.00K	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	3 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-197.00K	USD	3 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$754.00K	USD	1 Quarter
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$-4.70M	USD	3 Qtrs
Net (loss) income attributable to controlling interest	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net (loss) income per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
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`	$0.05	USD	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.59M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.83M	shares	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.44M	shares	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.77M	shares	1 Quarter
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 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`	$0.45	USD	3 Qtrs
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-4.90M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$754.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.29M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-1.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.62M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.05M	USD	3 Qtrs
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt discount/premium)	`OtherAmortization`	$251.00K	USD	3 Qtrs
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt discount/premium)	`OtherAmortization`	$620.00K	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-1.12M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-2.04M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$145.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$100.00K	USD	3 Qtrs
Share discounts	`Sharesissuedindiscount`	$3.00K	USD	3 Qtrs
Share discounts	`Sharesissuedindiscount`	-	USD	3 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$181.00K	USD	3 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$94.00K	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$362.00K	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.86M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$305.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$430.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.18M	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$217.00K	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$169.00K	USD	3 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-480.00K	USD	3 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-280.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.85M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.68M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$248.42M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$215.74M	USD	3 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$5.17M	USD	3 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$845.00K	USD	3 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$3.75M	USD	3 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$4.82M	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$698.00K	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$422.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.76M	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$189.00K	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$323.00K	USD	3 Qtrs
Borrowings under the line of credit and term loan	`ProceedsFromLinesOfCredit`	$425.50M	USD	3 Qtrs
Borrowings under the line of credit and term loan	`ProceedsFromLinesOfCredit`	$192.60M	USD	3 Qtrs
Payments on the line of credit and term loan	`RepaymentsOfLinesOfCredit`	$309.60M	USD	3 Qtrs
Payments on the line of credit and term loan	`RepaymentsOfLinesOfCredit`	$200.50M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$145.00K	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$175.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$176.42M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$241.65M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$178.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.24M	USD	3 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$276.00K	USD	3 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$13.67M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$14.03M	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-97.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-16.00K	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$4.01M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$9.83M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$266.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.43M	USD	3 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$23.92M	USD	3 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.18M	USD	3 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`	$4.40M	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`	$30.84M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$16.00K	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`	$182.00K	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	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`	$31.02M	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`	$4.40M	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`	$30.84M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$16.00K	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`	$182.00K	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	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`	$31.02M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.24M	USD	Point-in-time
Interest	`InterestPaid`	$1.36M	USD	3 Qtrs
Interest	`InterestPaid`	$3.01M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$7.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$12.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.53M	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$931.00K	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$805.00K	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$601.00K	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	-	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$435.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$200.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$213.00K	USD	3 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$8.00M	USD	3 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$5.81M	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$589.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$803.00K	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$1.59M	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$545.00K	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$5.49M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$12.44M	USD	3 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.96M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$1.74M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.76M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.75M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$15.20M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$11.50M	USD	Point-in-time
Accrued deferred financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$34.00K	USD	3 Qtrs
Accrued deferred financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$22.00K	USD	3 Qtrs
Receivable from transfer agent	`ReceivableFromTransferAgent`	$1.67M	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	$807.00K	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-72.00K	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	3 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-197.00K	USD	3 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-72.00K	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	3 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-197.00K	USD	3 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.54M	USD	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	1.01M	shares	7 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	2.31M	shares	10 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$2.62M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.67M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$12.44M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$5.49M	USD	3 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$754.00K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-4.70M	USD	3 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.54M	USD	Point-in-time
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$353.22M	USD	Point-in-time
Adjustments to Additional Paid in Capital, Fair Value Adjustment to Redeemable Noncontrolling Interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$197.00K	USD	3 Qtrs
Adjustments to Additional Paid in Capital, Fair Value Adjustment to Redeemable Noncontrolling Interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	-	USD	3 Qtrs

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