10-K Filing

MACKENZIE REALTY CAPITAL, INC. CIK: 1550913 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001140361-22-034979`
Period End Date	20220630
Filing Date	20220928
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	brhc10042220_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 55 Cash Flow Statement 95 Stockholders Equity 30

Balance Sheet 84 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
Land	`Land`	$9.84M	USD	Point-in-time
Land	`Land`	$32.12M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.25M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$19.24M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.32M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$64.18M	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$484.15K	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$2.89M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.32M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.25M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.77M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$595.91K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$97.42M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$28.97M	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$30.20M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.31M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	119,416.91	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	119,416.91	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.09M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$39.91M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$19.75M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$37.85M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$30.60M	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.50M	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.73M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$131.12K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$67.62K	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$32.91M	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$17.49M	USD	Point-in-time
Total assets	`Assets`	$182.56M	USD	Point-in-time
Total assets	`Assets`	$138.55M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$68.37M	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`	$196.15K	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$443.01K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.94M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$59.51K	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	-	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$348.05K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$838.31K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$1.06M	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.93K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$214.09K	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	-	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$2.71M	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	-	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$85.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	$744.99K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	$1.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$78.34M	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,253,571.98 and 13,316,426.79 shares issued and outstanding as of June 30, 2022 and 2021, respectively.	`CommonStockValue`	$1.32K	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,253,571.98 and 13,316,426.79 shares issued and outstanding as of June 30, 2022 and 2021, respectively.	`CommonStockValue`	$1.33K	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 119,416.91 shares issued and outstanding	`PreferredStockValue`	$12.00	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 119,416.91 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$121.96M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$120.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.11M	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`	$97.85M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$251.84K	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$6.37M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$138.55M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$182.56M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.37M	USD	Annual
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.75M	USD	2 Qtrs
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$6.16M	USD	Annual
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$2.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.54M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.19M	USD	2 Qtrs
Asset management fees to related party (note 7)	`AssetsManagementFeeExpense`	$2.73M	USD	Annual
Asset management fees to related party (note 7)	`AssetsManagementFeeExpense`	-	USD	2 Qtrs
Asset management fees to related party (note 7)	`AssetsManagementFeeExpense`	$1.35M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.35M	USD	Annual
Interest expense	`InterestExpense`	$637.69K	USD	2 Qtrs
Administrative cost reimbursements to related party (note 7)	`AdministrativeFeesExpense`	$310.40K	USD	2 Qtrs
Administrative cost reimbursements to related party (note 7)	`AdministrativeFeesExpense`	$609.60K	USD	Annual
Administrative cost reimbursements to related party (note 7)	`AdministrativeFeesExpense`	$310.40K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$560.52K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$139.33K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$686.06K	USD	Annual
Professional fees	`ProfessionalFees`	$235.13K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$136.75K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 7)	`NoninterestExpenseTransferAgentAndCustodianFees`	$61.60K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 7)	`NoninterestExpenseTransferAgentAndCustodianFees`	$61.60K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 7)	`NoninterestExpenseTransferAgentAndCustodianFees`	$106.40K	USD	Annual
Directors' fees	`NoninterestExpenseDirectorsFees`	$107.00K	USD	Annual
Directors' fees	`NoninterestExpenseDirectorsFees`	$34.00K	USD	2 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$36.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.85M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.43M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.45M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-7.48M	USD	Annual
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$925.95K	USD	2 Qtrs
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$2.39M	USD	Annual
Net unrealized gain on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.44M	USD	Annual
Net unrealized gain on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.69M	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$354.92K	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$9.96M	USD	Annual
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$7.35M	USD	Annual
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$737.33K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-247.30K	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$9.13M	USD	Annual
Net income	`ProfitLoss`	$4.28M	USD	Annual
Net income	`ProfitLoss`	$249.95K	USD	2 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.21K	USD	2 Qtrs
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-285.29K	USD	Annual
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$56.93K	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.51M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$264.16K	USD	2 Qtrs
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	2 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`	$0.34	USD	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.34M	shares	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.33M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.02M	shares	2 Qtrs

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.28M	USD	Annual
Net income	`ProfitLoss`	$249.95K	USD	2 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net unrealized gain on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.44M	USD	Annual
Net unrealized gain on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.69M	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-7.44M	USD	Annual
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$745.56K	USD	2 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$7.35M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$737.33K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets1`	$-247.30K	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$9.13M	USD	Annual
Straight - line rent	`StraightLineRent`	$19.17K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.54M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$342.01K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.15K	USD	Annual
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-164.69K	USD	Annual
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-35.19K	USD	2 Qtrs
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$252.74K	USD	2 Qtrs
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$447.40K	USD	2 Qtrs
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-15.04K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-250.34K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-569.22K	USD	2 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$285.85K	USD	2 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$115.74K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$340.29K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.35M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-48.03K	USD	2 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-703.66K	USD	2 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$70.36K	USD	Annual
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-40.08K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$970.78K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.62M	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.14M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$33.69M	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$10.51M	USD	2 Qtrs
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$28.62M	USD	2 Qtrs
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$63.24M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$9.30M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$24.87M	USD	Annual
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$6.00M	USD	2 Qtrs
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$22.25M	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.93M	USD	2 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.42M	USD	2 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.16M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$34.45M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$15.12M	USD	2 Qtrs
Payments on mortgage notes payable	`RepaymentsOfNotesPayable`	$3.96M	USD	Annual
Payments on mortgage notes payable	`RepaymentsOfNotesPayable`	$406.21K	USD	2 Qtrs
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$461.04K	USD	2 Qtrs
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$2.82M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$836.80K	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.94M	USD	Annual
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$9.11K	USD	2 Qtrs
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$705.77K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$408.82K	USD	2 Qtrs
Capital contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$200.00K	USD	2 Qtrs
Capital contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$1.07M	USD	Annual
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$12.18K	USD	Annual
Redemption of common stock	`RedemptionOfCommonStock`	$1.43M	USD	Annual
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-85.00K	USD	Annual
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$87.74K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.05M	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.79M	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$121.59K	USD	2 Qtrs
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-6.40M	USD	2 Qtrs
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.20M	USD	2 Qtrs
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.24M	USD	Annual
Cash and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Cash at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Cash at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.31M	USD	Point-in-time
Restricted cash at end of the year	`RestrictedCash`	$1.61M	USD	Point-in-time
Restricted cash at end of the year	`RestrictedCash`	-	USD	Point-in-time
Restricted cash at end of the year	`RestrictedCash`	$1.09M	USD	Point-in-time
Cash and restricted cash at end of the year classified as assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale`	$505.19K	USD	Point-in-time
Cash and restricted cash at end of the year classified as assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale`	$3.45M	USD	Point-in-time
Issuance of the Operating Partnership Class A units for the purchase of real estate assets (Note 5)	`IssuanceOfOperatingPartnershipClassAUnitsForPurchaseOfRealEstateAssets`	$750.00K	USD	Annual
Issuance of the Operating Partnership Preferred units for the purchase of investments (Note 5)	`IssuanceOfOperatingPartnershipPreferredUnitsForPurchaseOfInvestments`	$4.65M	USD	Annual
Issuance of common stock for merger of FSP Satellite Place Corp. (Note 1)	`IssuanceOfCommonStockForMerger`	$27.50K	USD	Annual
Issuance of preferred stocks for merger of FSP Satellite Place Corp. (Note 1)	`IssuanceOfPreferredStocksForMerger`	$13.75K	USD	Annual
Fair value of subsidiary's units owned prior to the merger date	`FairValueOfSubsidiarySUnitsOwnedPriorToMergerDate`	$5.42M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$1.19M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$204.28K	USD	2 Qtrs
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	$826.00	USD	Annual
Cash paid for interest	`InterestPaidNet`	$605.02K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.25M	USD	Annual

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$200.00K	USD	2 Qtrs
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$1.07M	USD	Annual
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$68.05K	USD	Annual
Operating Partnership Class A units issued	`OperatingPartnershipValueClassAUnitsIssued`	$750.00K	USD	Annual
Operating Partnership Preferred Units issued	`OperatingPartnershipValuePreferredUnitsIssued`	$4.65M	USD	Annual
Dividends to common stockholders	`DividendsCommonStockStock`	$665.32K	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStockStock`	$5.32M	USD	Annual
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$56.93K	USD	Annual
Net income (loss)	`ProfitLoss`	$4.28M	USD	Annual
Net income (loss)	`ProfitLoss`	$249.95K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$27.50K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$218.44K	USD	2 Qtrs
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.00M	shares	Point-in-time
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Issuance of preferred stock	`StockIssuedDuringPeriodValuePreferredStockNewIssues`	$2.96M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$204.28K	USD	2 Qtrs
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.19M	USD	Annual
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$826.00	USD	Annual
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$847.17K	USD	Annual
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$1.78M	USD	Annual
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$408.82K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.78M	USD	Point-in-time

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