10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001632970-21-000042`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	gahr-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 106 Stockholders Equity 35

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$917.51M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$921.58M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$476.90M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$481.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.17M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$2.63M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$2.37M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCash`	$714.00K	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
Restricted cash	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$735.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$348.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$59.91M	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$64.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.10M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets, net	`OtherAssets`	$72.20M	USD	Point-in-time
Other assets, net	`OtherAssets`	$72.84M	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
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.83M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.07M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$18.23M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.71M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$476.90M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$481.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$21.93M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$23.06M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.04M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.05M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.23M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.29M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.94M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.90M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$10.39M	USD	Point-in-time
Security deposits, prepaid rent and other liabilities	`OtherLiabilities`	$9.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$542.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$2.62M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$2.62M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$1.46M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityFairValue`	$2.58M	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`	$733.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$736.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-196.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$540.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$548.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$781.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$633.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeaseLeaseIncome`	$21.95M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$21.46M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.08M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.89M	USD	1 Quarter
Total revenues	`Revenues`	$37.84M	USD	1 Quarter
Total revenues	`Revenues`	$37.54M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$6.02M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$5.82M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$15.19M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$13.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.75M	USD	1 Quarter
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$9.00K	USD	1 Quarter
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$314.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.53M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$35.83M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$37.68M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.73M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$5.31M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$1.46M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$-4.61M	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$255.00K	USD	1 Quarter
(Loss) income from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-904.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$7.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$9.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-7.93M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-4.01M	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-167.00K	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-264.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-3.74M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-7.77M	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.51M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	80.30M	shares	1 Quarter

Cash Flow Statement 106 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-7.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.53M	USD	1 Quarter
Other amortization	`OtherAmortization`	$701.00K	USD	1 Quarter
Other amortization	`OtherAmortization`	$692.00K	USD	1 Quarter
Deferred rent	`StraightLineRentAdjustments`	$-940.00K	USD	1 Quarter
Deferred rent	`StraightLineRentAdjustments`	$-1.14M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$43.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$43.00K	USD	1 Quarter
Loss (income) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$255.00K	USD	1 Quarter
Loss (income) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-904.00K	USD	1 Quarter
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-4.61M	USD	1 Quarter
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$1.46M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-261.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-854.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$800.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$635.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.55M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$420.00K	USD	1 Quarter
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-10.00K	USD	1 Quarter
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$35.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeasePayments`	$105.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeasePayments`	$104.00K	USD	1 Quarter
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-449.00K	USD	1 Quarter
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$680.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.79M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.09M	USD	1 Quarter
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$65.53M	USD	1 Quarter
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$3.19M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.27M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$7.87M	USD	1 Quarter
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$138.00K	USD	1 Quarter
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$80.90M	USD	1 Quarter
Borrowings under the line of credit and term loans	`ProceedsFromLinesOfCredit`	$4.50M	USD	1 Quarter
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	$4.60M	USD	1 Quarter
Payments on the line of credit and term loans	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$309.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$34.00K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$1.66M	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$1.42M	USD	1 Quarter
Distributions paid	`PaymentsOfDividendsCommonStock`	$5.56M	USD	1 Quarter
Distributions paid	`PaymentsOfDividendsCommonStock`	$3.93M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$714.00K	USD	1 Quarter
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	$1.25M	USD	1 Quarter
Contribution from noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$24.00K	USD	1 Quarter
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$10.00K	USD	1 Quarter
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$1.12M	USD	1 Quarter
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$5.00K	USD	1 Quarter
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$25.00K	USD	1 Quarter
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-1.00K	USD	1 Quarter
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-17.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.52M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.04M	USD	1 Quarter
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.02M	USD	1 Quarter
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.78M	USD	1 Quarter
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`	$20.86M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.90M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.12M	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`	$20.86M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.90M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.41M	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`	$19.17M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$714.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$735.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$348.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.41M	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`	$19.17M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$714.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$735.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$348.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$4.59M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.21M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$5.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.90M	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.57M	USD	1 Quarter
Tenant improvement overage	`TenantImprovementOverage`	$56.00K	USD	1 Quarter
Tenant improvement overage	`TenantImprovementOverage`	-	USD	1 Quarter
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	-	USD	1 Quarter
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$196.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$201.00K	USD	1 Quarter
Prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$11.00K	USD	1 Quarter
Prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$10.00K	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssued1`	$4.11M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssued1`	$6.44M	USD	1 Quarter
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$2.78M	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$4.11M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$4.68M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$10.96M	USD	Point-in-time

Stockholders Equity 35 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`	$0.15	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-140.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-83.00K	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time
Offering costs common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedOfferingCosts`	$1.00K	USD	1 Quarter
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	7.60M	shares	19 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3.25M	shares	12 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	8.03M	shares	20 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	12 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$6.44M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.11M	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$43.00K	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$43.00K	USD	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	72,339.00	shares	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	2.09M	shares	20 Qtrs
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	0.00	shares	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	2.02M	shares	19 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$714.00K	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.25M	USD	1 Quarter
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$108.00K	USD	1 Quarter
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$140.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$24.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$12.02M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$8.04M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-3.87M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-7.85M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.83M	USD	Point-in-time

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