10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001632970-21-000113`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ahr-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 96 Cash Flow Statement 120 Stockholders Equity 59

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$907.10M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$921.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.18M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$476.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.29M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$488.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$714.00K	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCash`	$986.00K	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCash`	$706.00K	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$2.63M	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
Accounts and other receivables, net	`AccountsReceivableNet`	$2.09M	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
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$54.75M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.04M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$14.13M	USD	Point-in-time
Other assets, net	`OtherAssets`	$68.74M	USD	Point-in-time
Other assets, net	`OtherAssets`	$72.20M	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 (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.06B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.83M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.41M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$26.07M	USD	Point-in-time
Mortgage loans payable, net	`SecuredDebt`	$17.97M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$476.90M	USD	Point-in-time
Line of credit and term loans	`LineOfCredit`	$488.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$21.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$23.06M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$324.00K	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.05M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.29M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$9.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$10.02M	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`	$6.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$545.97M	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`	$2.70M	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`	$2.59M	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`	$736.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$733.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-222.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$514.80M	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`	$540.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$529.46M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$515.34M	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`	$1.06B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeaseLeaseIncome`	$21.52M	USD	1 Quarter
Real estate revenue	`OperatingLeaseLeaseIncome`	$66.05M	USD	3 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$64.82M	USD	3 Qtrs
Real estate revenue	`OperatingLeaseLeaseIncome`	$22.12M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$46.18M	USD	3 Qtrs
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.09M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.95M	USD	1 Quarter
Resident fees and services	`RevenueFromContractWithCustomerExcludingAssessedTax`	$51.86M	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	$864.00K	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	$864.00K	USD	1 Quarter
Grant income	`GovernmentGrantIncomeFromCARESAct`	-	USD	3 Qtrs
Grant income	`GovernmentGrantIncomeFromCARESAct`	-	USD	1 Quarter
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$41.33M	USD	1 Quarter
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$112.23M	USD	3 Qtrs
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$37.21M	USD	1 Quarter
Total revenues and grant income	`RevenuesandGovernmentGrantIncomeFromCARESAct`	$117.55M	USD	3 Qtrs
Rental expenses	`OperatingLeaseExpense`	$18.54M	USD	3 Qtrs
Rental expenses	`OperatingLeaseExpense`	$6.39M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$5.91M	USD	1 Quarter
Rental expenses	`OperatingLeaseExpense`	$17.72M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$44.86M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$44.18M	USD	3 Qtrs
Property operating expenses	`CostOfGoodsAndServicesSold`	$14.54M	USD	1 Quarter
Property operating expenses	`CostOfGoodsAndServicesSold`	$17.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.96M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.71M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.30M	USD	1 Quarter
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$6.55M	USD	3 Qtrs
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$74.00K	USD	3 Qtrs
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$3.80M	USD	1 Quarter
Business acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$57.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.74M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$39.70M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$114.73M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$39.78M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$112.53M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$15.12M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$14.56M	USD	3 Qtrs
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.96M	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt discount/premium)	`InterestExpense`	$4.84M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$1.51M	USD	1 Quarter
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`	$1.45M	USD	1 Quarter
Gain (loss) in fair value of derivative financial instruments	`GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments`	$4.43M	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`	$3.06M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	3 Qtrs
Gain (loss) on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	3 Qtrs
Gain (loss) on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	$15.00K	USD	1 Quarter
Gain (loss) on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	1 Quarter
Gain (loss) on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	$-184.00K	USD	3 Qtrs
Income (loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-1.03M	USD	3 Qtrs
Income (loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$952.00K	USD	3 Qtrs
Income (loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-377.00K	USD	1 Quarter
Income (loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$70.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$33.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$8.00K	USD	1 Quarter
Other income	`InterestAndOtherIncome`	$49.00K	USD	3 Qtrs
Other income	`InterestAndOtherIncome`	$278.00K	USD	3 Qtrs
Total net other expense	`OtherNonoperatingIncomeExpense`	$-6.82M	USD	1 Quarter
Total net other expense	`OtherNonoperatingIncomeExpense`	$-19.26M	USD	3 Qtrs
Total net other expense	`OtherNonoperatingIncomeExpense`	$-3.33M	USD	1 Quarter
Total net other expense	`OtherNonoperatingIncomeExpense`	$-11.29M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.24M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.78M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.19M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-5.90M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-5.15M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-14.24M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-13.78M	USD	3 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-232.00K	USD	1 Quarter
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-489.00K	USD	3 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-608.00K	USD	3 Qtrs
Less: net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-121.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-13.29M	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-13.63M	USD	3 Qtrs
Net loss attributable to controlling interest	`NetIncomeLoss`	$-5.78M	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`	$-0.16	USD	3 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`	$-0.06	USD	1 Quarter
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`	81.64M	shares	3 Qtrs
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.70M	shares	1 Quarter

Cash Flow Statement 120 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.90M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.15M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.24M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-13.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.92M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.74M	USD	3 Qtrs
Other amortization	`OtherAmortization`	$2.10M	USD	3 Qtrs
Other amortization	`OtherAmortization`	$2.08M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-3.44M	USD	3 Qtrs
Deferred rent	`StraightLineRentAdjustments`	$-2.71M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$105.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$171.00K	USD	3 Qtrs
Loss on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	3 Qtrs
Loss on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	$15.00K	USD	1 Quarter
Loss on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	1 Quarter
Loss on disposition of real estate investments	`GainsLossesOnSalesOfInvestmentRealEstate`	$-184.00K	USD	3 Qtrs
Loss (income) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-1.03M	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`	$70.00K	USD	1 Quarter
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$-2.30M	USD	3 Qtrs
Change in fair value of derivative financial instruments	`IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities`	$4.43M	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`	$3.06M	USD	3 Qtrs
Impairment of real estate investments	`ImpairmentOfRealEstate`	-	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-533.00K	USD	3 Qtrs
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.35M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.83M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.65M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.44M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.81M	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$27.00K	USD	3 Qtrs
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-921.00K	USD	3 Qtrs
Operating lease liabilities	`OperatingLeasePayments`	$309.00K	USD	3 Qtrs
Operating lease liabilities	`OperatingLeasePayments`	$306.00K	USD	3 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$185.00K	USD	3 Qtrs
Security deposits, prepaid rent and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$37.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.56M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.94M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$68.03M	USD	3 Qtrs
Acquisitions of real estate investments	`PaymentsToAcquireAndDevelopRealEstate`	$3.38M	USD	3 Qtrs
Proceeds from disposition of real estate investments	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$6.20M	USD	3 Qtrs
Proceeds from disposition of real estate investments	`ProceedsFromSaleOfRealEstateHeldforinvestment`	-	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.73M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.38M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.57M	USD	3 Qtrs
Payments on mortgage loans payable	`RepaymentsOfSecuredDebt`	$475.00K	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`	$17.00M	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`	$5.00M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$43.00K	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.94M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$4.88M	USD	3 Qtrs
Distributions paid to common stockholders	`PaymentsOfDividendsCommonStock`	$21.70M	USD	3 Qtrs
Distributions paid to common stockholders	`PaymentsOfDividendsCommonStock`	$13.93M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.35M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.87M	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`	$54.00K	USD	3 Qtrs
Distributions to noncontrolling interest	`PaymentsToMinorityShareholders`	$62.00K	USD	3 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$125.00K	USD	3 Qtrs
Contributions from redeemable noncontrolling interest	`ProceedsfromRedeemableNoncontrollingInterests`	$1.12M	USD	3 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$81.00K	USD	3 Qtrs
Distributions to redeemable noncontrolling interests	`PaymentstoRedeemableNoncontrollingInterest`	$8.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-199.00K	USD	3 Qtrs
Security deposits	`PaymentsForProceedsFromSecurityDepositsFinancingActivities`	$-5.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.94M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.37M	USD	3 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-956.00K	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`	$17.17M	USD	Point-in-time
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`	$18.12M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.17M	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`	$18.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.69M	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`	$17.41M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$714.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$986.00K	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCash`	$706.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.69M	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`	$17.41M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$556.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$714.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$986.00K	USD	Point-in-time
Restricted cash at end of period	`RestrictedCash`	$706.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$13.78M	USD	3 Qtrs
Interest	`InterestPaidNet`	$13.12M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$88.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$51.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$3.72M	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.18M	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$303.00K	USD	3 Qtrs
Tenant improvement overage	`TenantImprovementOverage`	$636.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionsAndDisposalsIncreaseDecreaseInOtherAssets`	$196.00K	USD	3 Qtrs
Other assets	`NoncashOrPartNoncashAcquisitionsAndDisposalsIncreaseDecreaseInOtherAssets`	$-16.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionsAndDisposalsIncreaseDecreaseInAccountsPayableAndAccruedExpenses`	$201.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionsAndDisposalsIncreaseDecreaseInAccountsPayableAndAccruedExpenses`	$-50.00K	USD	3 Qtrs
Prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$11.00K	USD	3 Qtrs
Prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$10.00K	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$15.68M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssued1`	$5.50M	USD	3 Qtrs
Distributions declared but not paid to common stockholders	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Distributions declared but not paid to common stockholders	`DividendsPayableCurrentAndNoncurrent`	$2.66M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$7.67M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$2.16M	USD	Point-in-time

Stockholders Equity 59 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`	$0.30	USD	3 Qtrs
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`	$0.35	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-332.00K	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-127.00K	USD	1 Quarter
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-310.00K	USD	3 Qtrs
Net Loss Attributable to Redeemable Noncontrolling Interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-91.00K	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$529.46M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$515.34M	USD	Point-in-time
Offering costs common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$5.00K	USD	3 Qtrs
Offering costs common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$5.00K	USD	1 Quarter
Offering costs - common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedOfferingCosts`	$-67.00K	USD	3 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	3.25M	shares	12 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	8.18M	shares	22 Qtrs
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	7.60M	shares	19 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$31.02M	USD	12 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$15.68M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	-	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$5.50M	USD	3 Qtrs
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$4.25M	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
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$128.00K	USD	3 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$44.00K	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$105.00K	USD	3 Qtrs
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$21.00K	USD	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	2.21M	shares	22 Qtrs
Repurchase of common stock, shares	`StockRepurchasedDuringPeriodShares`	2.02M	shares	19 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$5.35M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$1.87M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$706.00K	USD	1 Quarter
Contribution from noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$1.25M	USD	3 Qtrs
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$208.00K	USD	1 Quarter
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$92.00K	USD	1 Quarter
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$530.00K	USD	3 Qtrs
Adjustment to value of redeemable noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests`	$167.00K	USD	3 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$7.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$54.00K	USD	3 Qtrs
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$22.00K	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$62.00K	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$24.43M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$8.15M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$8.24M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$28.19M	USD	3 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-5.03M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-5.81M	USD	1 Quarter
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-13.91M	USD	3 Qtrs
Net loss	`NetIncomeLossincludingPortionAttributabletoNoncontrollingInterestExcludingPreferredStockDividend`	$-13.47M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$569.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$529.46M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.22M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$590.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.74M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$515.34M	USD	Point-in-time

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