10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001632970-20-000075`
Period End Date	20200930
Filing Date	20201113
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	gahr-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 88 Cash Flow Statement 132 Stockholders Equity 61

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$928.07M	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
Line of credit and term loans	`LineOfCredit`	$396.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.69M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$479.50M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$3.26M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$4.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$420.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$706.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$202.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$1.92M	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$68.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$74.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$14.16M	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
Other assets, net	`OtherAssets`	$62.62M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other assets, net	`OtherAssets`	$73.97M	USD	Point-in-time
Total assets	`Assets`	$1.07B	USD	Point-in-time
Total assets	`Assets`	$1.11B	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.07M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.23M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.97M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$16.89M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$396.80M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$479.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$27.44M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.03M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$987.00K	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.02M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.36M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.86M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.97M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$9.41M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$12.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$476.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$549.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.37M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.46M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$2.70M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.51M	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`	$729.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-172.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$558.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$590.08M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$920.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.11B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeaseLeaseIncome`	$21.52M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$19.25M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$64.82M	USD	3 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$53.28M	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.95M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.87M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$34.05M	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$51.86M	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	-	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	$864.00K	USD	1 Quarter
Grant income	`GovernmentGrantIncomeFromCARESAct`	$864.00K	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	-	USD	1 Quarter
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$87.33M	USD	3 Qtrs
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$117.55M	USD	3 Qtrs
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$31.12M	USD	1 Quarter
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$41.33M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$4.93M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$14.24M	USD	3 Qtrs
Rental expenses	`OperatingLeaseExpense`	$5.91M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$17.72M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$9.88M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$28.19M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$44.86M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$17.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.96M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.41M	USD	3 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$57.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$74.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.49M	USD	3 Qtrs
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$74.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$112.53M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$28.42M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$39.70M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$90.90M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.14M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.84M	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`	$15.12M	USD	3 Qtrs
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-2.30M	USD	3 Qtrs
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-402.00K	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$1.45M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-5.40M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	$3.06M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	$3.06M	USD	1 Quarter
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	3 Qtrs
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$952.00K	USD	3 Qtrs
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-377.00K	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-79.00K	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$185.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$13.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$278.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$162.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$8.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.15M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.91M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.24M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.19M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$17.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-14.24M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.17M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-5.15M	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00K	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-232.00K	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-76.00K	USD	3 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-608.00K	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-13.63M	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-20.09M	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	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`	$-0.17	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
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	80.79M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	80.50M	shares	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

Cash Flow Statement 132 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.24M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.92M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.17M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-5.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.92M	USD	3 Qtrs
Other amortization	`OtherAmortization`	$1.87M	USD	3 Qtrs
Other amortization	`OtherAmortization`	$2.08M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-1.89M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-3.44M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$171.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$164.00K	USD	3 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$952.00K	USD	3 Qtrs
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-377.00K	USD	1 Quarter
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-79.00K	USD	1 Quarter
Income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$185.00K	USD	3 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	$75.00K	USD	3 Qtrs
Distributions of earnings from unconsolidated entity	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	3 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-2.30M	USD	3 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-5.40M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	$3.06M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	$3.06M	USD	1 Quarter
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-3.85M	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.35M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.65M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-256.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.44M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.02M	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$142.00K	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$27.00K	USD	3 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-121.00K	USD	3 Qtrs
Security deposits, prepaid rent, operating lease and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-674.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.94M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.43M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$153.92M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$68.03M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.73M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.39M	USD	3 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$600.00K	USD	3 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	-	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
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	-	USD	3 Qtrs
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-2.55M	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	$179.00K	USD	3 Qtrs
Pre-acquisition expenses	`PaymentsforPreacquisitionexpenses`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.53M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.76M	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$459.00K	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$8.17M	USD	3 Qtrs
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$140.80M	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`	$58.10M	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`	$43.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$90.44M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$17.46M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$4.88M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$15.45M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividendsCommonStock`	$13.93M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.19M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.35M	USD	3 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.25M	USD	3 Qtrs
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$54.00K	USD	3 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$1.12M	USD	3 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$151.00K	USD	3 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	-	USD	3 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$81.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-199.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-94.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.37M	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`	$7.55M	USD	3 Qtrs
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.40M	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`	$22.87M	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 End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.40M	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`	$22.87M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.59M	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`	$22.45M	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`	$22.69M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$420.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$706.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$202.00K	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`	$22.45M	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`	$22.69M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$420.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$706.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$202.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$13.78M	USD	3 Qtrs
Interest	`InterestPaidNet`	$9.37M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$21.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$88.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.21M	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.18M	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$636.00K	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$195.00K	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	$184.00K	USD	3 Qtrs
Accrued pre-acquisition expenses	`PreacquisitionexpensesIncurredbutNotyetPaid`	-	USD	3 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	$2.20M	USD	3 Qtrs
Right-of-use asset	`IncreaseDecreasetoRightofUseAsset`	-	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$196.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$86.00K	USD	3 Qtrs
Mortgage loan payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	-	USD	3 Qtrs
Mortgage loan payable, net	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$9.73M	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$783.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$201.00K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	-	USD	3 Qtrs
Operating lease liability	`IncreaseDecreasetoOperatingLeaseLiability`	$4.49M	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$11.00K	USD	3 Qtrs
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$1.34M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$15.68M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$19.06M	USD	3 Qtrs
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.66M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$7.67M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$14.24M	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`	$0.35	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`	$0.10	USD	1 Quarter
Distributions declared per Class T and Class I common share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$332.00K	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$19.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$127.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$76.00K	USD	3 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$88.72M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-14.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$67.00K	USD	3 Qtrs
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$7.38M	USD	3 Qtrs
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$5.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$66.00K	USD	1 Quarter
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	7.16M	shares	18 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3.25M	shares	12 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	5.51M	shares	15 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$15.68M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.25M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$19.06M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$6.60M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	12 Qtrs
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.00K	USD	1 Quarter
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.00K	USD	1 Quarter
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$43.00K	USD	3 Qtrs
Issuance of vested and nonvested restricted common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$43.00K	USD	3 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$44.00K	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$121.00K	USD	3 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$128.00K	USD	3 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$43.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$54.00K	USD	3 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$22.00K	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.25M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$2.82M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$6.19M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$706.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$5.35M	USD	3 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$65.00K	USD	3 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$208.00K	USD	1 Quarter
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$530.00K	USD	3 Qtrs
Fair value adjustment to redeemable noncontrolling interests	`AdjustmentstoAdditionalPaidinCapitalFairValueAdjustmenttoRedeemableNoncontrollingInterests`	$23.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$8.15M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$12.03M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$34.98M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$28.19M	USD	3 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-1.90M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-5.03M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-20.09M	USD	3 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-13.91M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.67M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.95M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$596.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time

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