10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001632970-19-000066`
Period End Date	20190630
Filing Date	20190812
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	gahr-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 80 Cash Flow Statement 126 Stockholders Equity 23

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$731.68M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$788.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$11.25M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$8.19M	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$202.00K	USD	Point-in-time
Mortgage loans payable, gross	`DebtInstrumentCarryingAmount`	$27.46M	USD	Point-in-time
Mortgage loans payable, gross	`DebtInstrumentCarryingAmount`	$17.26M	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$162.00K	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$16.00K	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$275.00M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$3.90M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$268.90M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$2.90M	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$74.72M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$65.63M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	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
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$13.36M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$60.23M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$59.61M	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
Total assets	`Assets`	$896.37M	USD	Point-in-time
Total assets	`Assets`	$956.59M	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
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`	$17.09M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$11.57M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$16.89M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.37M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$275.00M	USD	Point-in-time
Line of credit and term loan	`LineOfCredit`	$268.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$34.04M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$864.00K	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.59M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.63M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$8.93M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	-	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$2.83M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$7.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$337.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$348.13M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests (Note 11)	`RedeemableNoncontrollingInterestEquityFairValue`	$1.51M	USD	Point-in-time
Redeemable noncontrolling interests (Note 11)	`RedeemableNoncontrollingInterestEquityFairValue`	$1.00M	USD	Point-in-time
Redeemable noncontrolling interests (Note 11)	`RedeemableNoncontrollingInterestEquityFairValue`	$1.37M	USD	Point-in-time
Redeemable noncontrolling interests (Note 11)	`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`	$712.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$621.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.78M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$896.37M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and stockholders equity	`LiabilitiesAndStockholdersEquity`	$956.59M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$20.02M	USD	2 Qtrs
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$10.58M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$18.88M	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$34.03M	USD	2 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.49M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.19M	USD	2 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.43M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.84M	USD	2 Qtrs
Total revenues	`Revenues`	$36.85M	USD	2 Qtrs
Total revenues	`Revenues`	$56.22M	USD	2 Qtrs
Total revenues	`Revenues`	$19.01M	USD	1 Quarter
Total revenues	`Revenues`	$30.37M	USD	1 Quarter
Rental expenses	`CostOfRevenue`	$9.31M	USD	2 Qtrs
Rental expenses	`CostOfRevenue`	$4.90M	USD	2 Qtrs
Rental expenses	`CostOfRevenue`	$5.33M	USD	1 Quarter
Rental expenses	`CostOfRevenue`	$2.55M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$9.85M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$18.31M	USD	2 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$6.77M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$14.00M	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`	$3.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.43M	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$61.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.30M	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.42M	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$156.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.05M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$18.81M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$37.80M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$29.64M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$62.48M	USD	2 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$3.81M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$7.39M	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`	$2.24M	USD	2 Qtrs
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-3.02M	USD	1 Quarter
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	-	USD	1 Quarter
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-5.00M	USD	2 Qtrs
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	-	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$264.00K	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$138.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	-	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$149.00K	USD	2 Qtrs
Other income	`InterestAndOtherIncome`	-	USD	2 Qtrs
Other income	`InterestAndOtherIncome`	$80.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.88M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-958.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.19M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.24M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.19M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.89M	USD	1 Quarter
Net loss	`ProfitLoss`	$-18.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-958.00K	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-57.00K	USD	2 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-125.00K	USD	2 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-32.00K	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-58.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-18.19M	USD	2 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-5.86M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-3.07M	USD	2 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-900.00K	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	2 Qtrs
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.08M	shares	2 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.22M	shares	2 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	79.03M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.28M	shares	1 Quarter

Cash Flow Statement 126 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-3.19M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.89M	USD	1 Quarter
Net loss	`ProfitLoss`	$-18.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-958.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.05M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.01M	USD	2 Qtrs
Other amortization	`OtherAmortization`	$389.00K	USD	2 Qtrs
Other amortization	`OtherAmortization`	$1.33M	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-1.34M	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-733.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$92.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$75.00K	USD	2 Qtrs
Income from unconsolidated entity	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	2 Qtrs
Income from unconsolidated entity	`ForeignCurrencyTransactionGainLossUnrealized`	$264.00K	USD	2 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	$154.00K	USD	2 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$781.00K	USD	2 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$146.00K	USD	2 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	-	USD	2 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-5.00M	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-605.00K	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.74M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$122.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-646.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.47M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$108.00K	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$55.00K	USD	2 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-843.00K	USD	2 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-11.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.69M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$66.75M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireRealEstate`	$65.50M	USD	2 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$600.00K	USD	2 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Distributions in excess of earnings from unconsolidated entity	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$572.00K	USD	2 Qtrs
Distributions in excess of earnings from unconsolidated entity	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$3.73M	USD	2 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$2.22M	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$8.56M	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-1.00M	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$46.00K	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$137.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.94M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.04M	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$286.00K	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$200.00K	USD	2 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$73.40M	USD	2 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$116.50M	USD	2 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$79.50M	USD	2 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$126.20M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$129.00K	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$64.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$114.46M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$90.48M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.13M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.37M	USD	2 Qtrs
Contribution from redeemable noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Contribution from redeemable noncontrolling interest	`ProceedsFromMinorityShareholders`	$151.00K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$9.12M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$15.79M	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-16.00K	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-105.00K	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$10.04M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$6.08M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.88M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.09M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.94M	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`	$7.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$162.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$16.00K	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`	$14.59M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.53M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	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`	$18.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.79M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$162.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$16.00K	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`	$14.59M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.53M	USD	Point-in-time
CASH, CASH EQUIVALENTS, RESTRICTED CASH - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	USD	Point-in-time
Interest	`InterestPaid`	$1.80M	USD	2 Qtrs
Interest	`InterestPaid`	$5.97M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$6.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$19.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$697.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.73M	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$402.00K	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$226.00K	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$435.00K	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$188.00K	USD	2 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	-	USD	2 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	$2.17M	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$20.00K	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$83.00K	USD	2 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$9.73M	USD	2 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$5.81M	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$534.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$230.00K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	$3.55M	USD	2 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	-	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$371.00K	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$694.00K	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$7.77M	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$12.46M	USD	2 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.64M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$3.91M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.79M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$3.00K	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$15.98M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$14.35M	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	$957.00K	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	-	USD	Point-in-time

Stockholders Equity 23 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`	$-57.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-125.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-32.00K	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-58.00K	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3.25M	shares	11 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	2.85M	shares	11 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	4.14M	shares	13 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.16M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-18.19M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.07M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-900.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$42.00K	USD	2 Qtrs
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.