10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001632970-20-000058`
Period End Date	20200630
Filing Date	20200813
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	gahr-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 80 Cash Flow Statement 132 Stockholders Equity 61

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$944.09M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$895.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.59M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$4.61M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$3.32M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$707.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$556.00K	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$479.50M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$396.80M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	-	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$1.92M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$74.02M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$73.36M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.26M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.19M	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
Other assets, net	`OtherAssets`	$62.62M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets, net	`OtherAssets`	$66.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.12B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.07B	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`	$26.37M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$18.10M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$16.89M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.07M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$479.50M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$396.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$27.99M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.03M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.02M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.05M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.60M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.44M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.86M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.93M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$13.35M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$9.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$551.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$476.79M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.46M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$2.62M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.51M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.37M	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`	$719.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-159.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$567.96M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$590.08M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.05M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.02M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeaseLeaseIncome`	$21.84M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$34.03M	USD	2 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$43.30M	USD	2 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$18.88M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.83M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.19M	USD	2 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.49M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.91M	USD	2 Qtrs
Total revenues	`Revenues`	$76.22M	USD	2 Qtrs
Total revenues	`Revenues`	$38.68M	USD	1 Quarter
Total revenues	`Revenues`	$56.22M	USD	2 Qtrs
Total revenues	`Revenues`	$30.37M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$5.33M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$6.00M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$11.82M	USD	2 Qtrs
Rental expenses	`OperatingLeaseExpense`	$9.31M	USD	2 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$27.46M	USD	2 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$9.85M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$18.31M	USD	2 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$14.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.29M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.43M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.84M	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$17.00K	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.42M	USD	2 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$8.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$26.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.93M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$29.64M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$37.01M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$72.83M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$62.48M	USD	2 Qtrs
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`	$3.81M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.97M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$10.28M	USD	2 Qtrs
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-3.02M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$853.00K	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-3.75M	USD	2 Qtrs
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-5.00M	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$1.33M	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$138.00K	USD	1 Quarter
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$264.00K	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$1.07M	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$270.00K	USD	2 Qtrs
Other income	`InterestAndOtherIncome`	$149.00K	USD	2 Qtrs
Other income	`InterestAndOtherIncome`	$261.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$80.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.05M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.88M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.24M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.16M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.89M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.09M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-18.25M	USD	2 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-57.00K	USD	2 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.00K	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-376.00K	USD	2 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-209.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-8.71M	USD	2 Qtrs
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`	$-946.00K	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`	$-0.07	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	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`	80.35M	shares	2 Qtrs
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`	80.40M	shares	1 Quarter

Cash Flow Statement 132 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.16M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.89M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.09M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-18.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.25M	USD	2 Qtrs
Other amortization	`OtherAmortization`	$1.39M	USD	2 Qtrs
Other amortization	`OtherAmortization`	$1.33M	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-733.00K	USD	2 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-2.35M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$92.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$98.00K	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$1.33M	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$138.00K	USD	1 Quarter
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$264.00K	USD	2 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$1.07M	USD	1 Quarter
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	$154.00K	USD	2 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$781.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$39.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00K	USD	2 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-3.75M	USD	2 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-5.00M	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.29M	USD	2 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-605.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.46M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-646.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.46M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.08M	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$41.00K	USD	2 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$108.00K	USD	2 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-663.00K	USD	2 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-843.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.05M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.10M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$66.75M	USD	2 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$67.93M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.62M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.22M	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`	-	USD	2 Qtrs
Distributions in excess of earnings from unconsolidated entity	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$572.00K	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-1.00M	USD	2 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	-	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$46.00K	USD	2 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.04M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.55M	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$8.02M	USD	2 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$286.00K	USD	2 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$137.80M	USD	2 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$73.40M	USD	2 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$55.10M	USD	2 Qtrs
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$79.50M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$43.00K	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$64.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$90.48M	USD	2 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.25M	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$32.00K	USD	2 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$151.00K	USD	2 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$1.12M	USD	2 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$72.00K	USD	2 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.64M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.37M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$15.79M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.28M	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$6.00K	USD	2 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-105.00K	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$10.04M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$10.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$58.95M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.88M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.45M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.94M	USD	2 Qtrs
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.53M	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`	$15.85M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.29M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.53M	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`	$15.85M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.29M	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`	$18.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.59M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$707.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.29M	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`	$18.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.59M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$293.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$707.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$5.97M	USD	2 Qtrs
Interest	`InterestPaidNet`	$9.43M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$18.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$19.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.31M	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.73M	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$625.00K	USD	2 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$188.00K	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$226.00K	USD	2 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	-	USD	2 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	$2.17M	USD	2 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	-	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$20.00K	USD	2 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$196.00K	USD	2 Qtrs
Mortgage loan payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	-	USD	2 Qtrs
Mortgage loan payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$9.73M	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$201.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$534.00K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	$4.49M	USD	2 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	-	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$11.00K	USD	2 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$694.00K	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$11.43M	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$12.46M	USD	2 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.65M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$3.91M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$9.27M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$15.98M	USD	Point-in-time

Stockholders Equity 61 line items

Line Item	Tag	Value	Unit	Period
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 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`	$0.30	USD	2 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$122.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$57.00K	USD	2 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$32.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$205.00K	USD	2 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.02M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$88.73M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-25.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$62.00K	USD	2 Qtrs
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$63.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$118.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$7.45M	USD	2 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3.25M	shares	12 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	6.71M	shares	17 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	5.51M	shares	15 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$6.59M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$5.00M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$11.43M	USD	2 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	12 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$12.46M	USD	2 Qtrs
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.00K	USD	1 Quarter
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.00K	USD	2 Qtrs
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.00K	USD	1 Quarter
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.00K	USD	2 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$39.00K	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$84.00K	USD	2 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$41.00K	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$78.00K	USD	2 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$32.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$32.00K	USD	2 Qtrs
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.25M	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$2.10M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$3.37M	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$4.64M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$4.64M	USD	2 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$322.00K	USD	2 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$17.00K	USD	1 Quarter
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$42.00K	USD	2 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$214.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$8.02M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$11.83M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$20.04M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$22.95M	USD	2 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-1.03M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-8.88M	USD	2 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-18.19M	USD	2 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-5.86M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.02M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time

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