10-Q Filing

MACKENZIE REALTY CAPITAL, INC. CIK: 1550913 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-019126`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	brhc10037578_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 77 Cash Flow Statement 98 Stockholders Equity 39

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Land	`Land`	$16.29M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Land	`Land`	$25.00M	USD	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$38.35M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.32M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$52.12M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.28M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.32M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$5.96M	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$5.59M	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.28M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$2.26M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$5.58M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$30.20M	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$57.97M	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$77.50M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$36.31M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	80,017.90	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.92M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	80,017.90	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.78M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.48M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$39.91M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$25.73M	USD	Point-in-time
Unconsolidated investments (non-securities), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$21.63M	USD	Point-in-time
Unconsolidated investments (non-securities), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$30.60M	USD	Point-in-time
Investments income, rent and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.99M	USD	Point-in-time
Investments income, rent and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$2.24M	USD	Point-in-time
Investment acquisition deposit	`InvestmentAcquisitionAdvance`	-	USD	Point-in-time
Investment acquisition deposit	`InvestmentAcquisitionAdvance`	$900.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$332.27K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$532.20K	USD	Point-in-time
Total assets	`Assets`	$138.55M	USD	Point-in-time
Total assets	`Assets`	$168.32M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$52.76M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$23.97M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$38.69M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$738.18K	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$760.66K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.21M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$918.45K	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	-	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$1.04M	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$838.31K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$620.50K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$199.10K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.94K	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$10.00K	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$41.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.03M	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,276,367.89 and 13,316,426.79 shares issued and outstanding, respectively.	`CommonStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,276,367.89 and 13,316,426.79 shares issued and outstanding, respectively.	`CommonStockValue`	$1.33K	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 80,017.90 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 80,017.90 shares issued and outstanding	`PreferredStockValue`	$8.00	USD	Point-in-time
Capital in excess of par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$121.36M	USD	Point-in-time
Capital in excess of par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$120.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$97.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$109.28M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$1.01M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$251.84K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$110.29M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.25M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$168.32M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$138.55M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.76M	USD	1 Quarter
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.52M	USD	1 Quarter
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.81M	USD	3 Qtrs
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$1.15M	USD	1 Quarter
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$4.71M	USD	3 Qtrs
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$1.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$981.30K	USD	1 Quarter
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	$678.05K	USD	1 Quarter
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	$680.68K	USD	1 Quarter
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	$2.03M	USD	3 Qtrs
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$269.28K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.42M	USD	3 Qtrs
Interest expense	`InterestExpense`	$572.49K	USD	1 Quarter
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$457.20K	USD	3 Qtrs
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$152.40K	USD	1 Quarter
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$310.40K	USD	2 Qtrs
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$155.20K	USD	1 Quarter
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$465.60K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$39.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$398.79K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$248.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$424.17K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$235.13K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$62.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$97.81K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$26.60K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$61.60K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$30.80K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$79.80K	USD	3 Qtrs
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$92.40K	USD	3 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$18.50K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$25.50K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$81.50K	USD	3 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$36.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.43M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.83M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.87M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.02M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.65M	USD	1 Quarter
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$497.01K	USD	1 Quarter
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$2.24M	USD	3 Qtrs
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$858.36K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-3.84M	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$352.02K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-876.88K	USD	3 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$9.34M	USD	3 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$5.40M	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$1.35M	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$5.11M	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$718.72K	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$9.46M	USD	3 Qtrs
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$15.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.26M	USD	1 Quarter
Net income	`ProfitLoss`	$5.66M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.25K	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-60.26K	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-90.52K	USD	3 Qtrs
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$18.51K	USD	1 Quarter
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$18.95K	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.27M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.22M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.71M	USD	1 Quarter
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.14	USD	3 Qtrs
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$-0.74	USD	2 Qtrs
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.02M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.38M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.36M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.36M	shares	3 Qtrs

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$15.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.26M	USD	1 Quarter
Net income	`ProfitLoss`	$5.66M	USD	1 Quarter
Net unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$718.72K	USD	1 Quarter
Net unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-10.14M	USD	2 Qtrs
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-3.84M	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$352.02K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-876.88K	USD	3 Qtrs
Net unrealized gain on equity method investments at fair value	`UnrealizedGainLossOnEquityMethodInvestmentAtFairValue`	$812.50K	USD	1 Quarter
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-7.05M	USD	3 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$5.11M	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$718.72K	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$9.46M	USD	3 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Straight - line rent	`StraightLineRent`	$418.95K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$847.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.23M	USD	3 Qtrs
Amortization of in-place lease assets	`AmortizationOfInPlaceLeaseAssets`	$133.94K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$14.32K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$342.01K	USD	2 Qtrs
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$7.19K	USD	1 Quarter
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-121.88K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-453.68K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-72.09K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-65.13K	USD	2 Qtrs
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-160.96K	USD	3 Qtrs
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$447.40K	USD	2 Qtrs
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	$150.87K	USD	2 Qtrs
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	$27.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$199.92K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$505.63K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-48.03K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-61.21K	USD	1 Quarter
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$411.45K	USD	1 Quarter
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$22.48K	USD	3 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-702.19K	USD	1 Quarter
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$74.74K	USD	3 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-40.08K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$542.85K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.14M	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.74M	USD	3 Qtrs
Investment acquisition deposit	`PaymentsForInvestmentAcquisitionDeposit`	$900.00K	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$8.58M	USD	1 Quarter
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$30.33M	USD	3 Qtrs
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$22.85M	USD	3 Qtrs
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$28.62M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$7.38M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$13.79M	USD	3 Qtrs
Return on capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.62M	USD	1 Quarter
Return on capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$22.25M	USD	3 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.05M	USD	3 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.93M	USD	2 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.80M	USD	1 Quarter
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$16.13M	USD	3 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$15.12M	USD	1 Quarter
Payments on mortgage notes payable	`RepaymentsOfNotesPayable`	$1.29M	USD	3 Qtrs
Payments on mortgage notes payable	`RepaymentsOfNotesPayable`	$218.54K	USD	1 Quarter
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$1.96M	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$784.33K	USD	3 Qtrs
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.98M	USD	3 Qtrs
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$9.11K	USD	2 Qtrs
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$523.03K	USD	3 Qtrs
Capital contributions by non-controlling interest holders	`CapitalContributionsByNonControllingInterestHolders`	$200.00K	USD	1 Quarter
Contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$856.36K	USD	3 Qtrs
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$8.07K	USD	3 Qtrs
Redemption of common stock	`RedemptionOfCommonStock`	$162.88K	USD	3 Qtrs
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$87.74K	USD	2 Qtrs
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-10.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.25M	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.11M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$121.59K	USD	2 Qtrs
Net increase in cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$32.03M	USD	3 Qtrs
Net increase in cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.20M	USD	2 Qtrs
Net increase in cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-10.15M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.79M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.79M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.00M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.31M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$2.92M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$1.78M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$1.61M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$3.48M	USD	Point-in-time
Investment purchases included in accounts payable and accrued liabilities as of March 31, 2020	`LiabilitiesAssumed1`	$1.10M	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$839.61K	USD	3 Qtrs
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	$75.00	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$270.81K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.17M	USD	3 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$110.29M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$856.36K	USD	3 Qtrs
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	-	USD	1 Quarter
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$200.00K	USD	1 Quarter
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$9.15K	USD	3 Qtrs
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$2.83K	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStockStock`	$1.19M	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStockStock`	$3.99M	USD	3 Qtrs
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$18.95K	USD	3 Qtrs
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$18.51K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.14M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$1.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.66M	USD	1 Quarter
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$313.30K	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$839.61K	USD	3 Qtrs
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$75.00	USD	1 Quarter
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$75.00	USD	3 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$218.44K	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$1.90M	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$1.98M	USD	3 Qtrs
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.00M	shares	Point-in-time
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$672.46K	USD	3 Qtrs
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$241.04K	USD	1 Quarter
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$1.15M	USD	1 Quarter
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$1.20M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$110.29M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time

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