10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001632970-19-000085`
Period End Date	20190930
Filing Date	20191113
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	gahr-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 80 Cash Flow Statement 126 Stockholders Equity 23

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$731.68M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$860.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.84M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$5.72M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$11.25M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$182.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$420.00K	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$275.00M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$3.90M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$1.35M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$357.50M	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$73.42M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	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
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$13.37M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$60.42M	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
Total assets	`Assets`	$896.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$11.57M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$16.89M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$16.99M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.23M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$275.00M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$357.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$34.81M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$8.59M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$946.00K	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.51M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.63M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$8.96M	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`	$9.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$337.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$439.21M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.00M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.37M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.51M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.28M	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`	$621.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$715.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.85M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	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`	$1.04B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeaseLeaseIncome`	$53.28M	USD	3 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$32.53M	USD	3 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$19.25M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$12.51M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.87M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.77M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$34.05M	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.60M	USD	3 Qtrs
Total revenues	`Revenues`	$59.13M	USD	3 Qtrs
Total revenues	`Revenues`	$22.28M	USD	1 Quarter
Total revenues	`Revenues`	$87.33M	USD	3 Qtrs
Total revenues	`Revenues`	$31.12M	USD	1 Quarter
Rental expenses	`CostOfRevenue`	$4.93M	USD	1 Quarter
Rental expenses	`CostOfRevenue`	$14.24M	USD	3 Qtrs
Rental expenses	`CostOfRevenue`	$8.09M	USD	3 Qtrs
Rental expenses	`CostOfRevenue`	$3.19M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$28.19M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$21.99M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$9.88M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$7.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.80M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.41M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.98M	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$254.00K	USD	3 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$74.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.49M	USD	3 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$98.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.05M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$60.19M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$90.90M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$28.42M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$22.38M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$1.60M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$11.53M	USD	3 Qtrs
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`	$4.14M	USD	1 Quarter
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-5.40M	USD	3 Qtrs
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	-	USD	3 Qtrs
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-402.00K	USD	1 Quarter
Loss in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	-	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-79.00K	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$185.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$13.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$6.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$162.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$6.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.15M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.89M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$17.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.90M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.17M	USD	3 Qtrs
Net loss	`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`	$-19.00K	USD	1 Quarter
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-197.00K	USD	3 Qtrs
Less: net loss attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-76.00K	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-4.70M	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-20.09M	USD	3 Qtrs
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	3 Qtrs
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
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`	$-0.09	USD	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.89M	shares	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	79.50M	shares	1 Quarter
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

Cash Flow Statement 126 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.90M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.17M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.56M	USD	3 Qtrs
Other amortization	`OtherAmortization`	$620.00K	USD	3 Qtrs
Other amortization	`OtherAmortization`	$1.87M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-2.04M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-1.89M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$145.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$164.00K	USD	3 Qtrs
Income from unconsolidated entity	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	3 Qtrs
Income from unconsolidated entity	`ForeignCurrencyTransactionGainLossUnrealized`	$185.00K	USD	3 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	3 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	$75.00K	USD	3 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$181.00K	USD	3 Qtrs
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$982.00K	USD	3 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	-	USD	3 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-5.40M	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-2.87M	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.86M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$430.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-256.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.02M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.18M	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$142.00K	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$217.00K	USD	3 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-674.00K	USD	3 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-480.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.43M	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`	$153.92M	USD	3 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$600.00K	USD	3 Qtrs
Distributions in excess of earnings from unconsolidated entity	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.01M	USD	3 Qtrs
Distributions in excess of earnings from unconsolidated entity	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	3 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$5.17M	USD	3 Qtrs
Capital expenditures	`PaymentsForCapitalImprovements`	$4.39M	USD	3 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-2.55M	USD	3 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$3.75M	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$422.00K	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$179.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.53M	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$323.00K	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$459.00K	USD	3 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$425.50M	USD	3 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$165.60M	USD	3 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$309.60M	USD	3 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$83.10M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$65.00K	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$145.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$90.44M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$176.42M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.19M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.24M	USD	3 Qtrs
Contribution from redeemable noncontrolling interest	`ProceedsFromMinorityShareholders`	$276.00K	USD	3 Qtrs
Contribution from redeemable noncontrolling interest	`ProceedsFromMinorityShareholders`	$151.00K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$14.03M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$17.46M	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-16.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-94.00K	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$15.45M	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`	$133.38M	USD	3 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.28M	USD	3 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$23.92M	USD	3 Qtrs
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.02M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.10M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.59M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.87M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.02M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.10M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.59M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.87M	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`	$7.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	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`	$182.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$420.00K	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`	$7.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	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`	$182.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$16.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$420.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$3.01M	USD	3 Qtrs
Interest	`InterestPaidNet`	$9.37M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$12.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$21.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.53M	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.21M	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$805.00K	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$184.00K	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$195.00K	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$435.00K	USD	3 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	-	USD	3 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	$2.20M	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$86.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$200.00K	USD	3 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$9.73M	USD	3 Qtrs
Mortgage loans payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$5.81M	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$783.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$589.00K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	-	USD	3 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	$3.55M	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$1.34M	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$1.59M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$12.44M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$19.06M	USD	3 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.96M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.75M	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	-	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$15.20M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$14.24M	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	-	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	$1.67M	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 (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 Qtrs
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 Qtrs
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-72.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-19.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-197.00K	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-76.00K	USD	3 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	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`	4.83M	shares	14 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.67M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	11 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$197.00K	USD	3 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$65.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.09M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	USD	Point-in-time

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