10-K Filing

MACKENZIE REALTY CAPITAL, INC. CIK: 1550913 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001140361-23-045708`
Period End Date	20230630
Filing Date	20230928
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	brhc20058687_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 52 Cash Flow Statement 116 Stockholders Equity 37

Balance Sheet 87 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`	$37.16M	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
Land	`Land`	$32.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.24M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$132.48M	USD	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$64.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.25M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$8.18M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.24M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.25M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$2.89M	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`	$7.11M	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`	$1.77M	USD	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$170.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	119,416.91	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	671,340.45	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	119,416.91	shares	Point-in-time
Restricted cash	`RestrictedCash`	$898.24K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.09M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	671,340.45	shares	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$13.43M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$19.75M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$8.72M	USD	Point-in-time
Unconsolidated investment (non-security), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$37.85M	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.21M	USD	Point-in-time
Investments income, rents and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.50M	USD	Point-in-time
Investment acquisition advance	`InvestmentAcquisitionAdvance`	-	USD	Point-in-time
Investment acquisition advance	`InvestmentAcquisitionAdvance`	$100.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$846.42K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$67.62K	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$17.49M	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	-	USD	Point-in-time
Total assets	`Assets`	$182.56M	USD	Point-in-time
Total assets	`Assets`	$213.16M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$91.25M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$68.37M	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Notes payable	`NotesPayable`	$1.65M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$1.16M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$443.01K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiability`	$628.42K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiability`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$2.02M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.39M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.94M	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$445.00K	USD	Point-in-time
Stock redemption payable	`StockRedemptionPayable`	$348.05K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$1.41M	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$1.06M	USD	Point-in-time
Due to related entities	`OtherLiabilities`	$156.36K	USD	Point-in-time
Due to related entities	`OtherLiabilities`	$214.09K	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$2.71M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$1.50M	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$85.00K	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$538.60K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	-	USD	Point-in-time
Liabilities held for sale	`LiabilitiesHeldForSaleNotPartOfDisposalGroup`	$744.99K	USD	Point-in-time
Total liabilities	`Liabilities`	$102.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$78.34M	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,243,279.96 and 13,253,571.98 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively.	`CommonStockValue`	$1.32K	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,243,279.96 and 13,253,571.98 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively.	`CommonStockValue`	$1.32K	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 671,340.45 and 119,416.91 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively.	`PreferredStockValue`	$12.00	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 671,340.45 and 119,416.91 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively.	`PreferredStockValue`	$67.00	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$133.76M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$121.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$97.85M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$12.10M	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`	$111.01M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$182.56M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$213.16M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.37M	USD	Annual
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.11M	USD	Annual
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$6.16M	USD	Annual
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$9.03M	USD	Annual
Interest expense	`InterestExpense`	$7.10M	USD	Annual
Interest expense	`InterestExpense`	$2.35M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.54M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.27M	USD	Annual
Asset management fees to related party (note 8)	`AssetsManagementFeeExpense`	$2.73M	USD	Annual
Asset management fees to related party (note 8)	`AssetsManagementFeeExpense`	$3.00M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$913.26K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$560.52K	USD	Annual
Administrative cost reimbursements to related party (note 8)	`AdministrativeFeesExpense`	$726.00K	USD	Annual
Administrative cost reimbursements to related party (note 8)	`AdministrativeFeesExpense`	$609.60K	USD	Annual
Professional fees	`ProfessionalFees`	$686.06K	USD	Annual
Professional fees	`ProfessionalFees`	$615.13K	USD	Annual
Directors' fees	`NoninterestExpenseDirectorsFees`	$107.00K	USD	Annual
Directors' fees	`NoninterestExpenseDirectorsFees`	$106.00K	USD	Annual
Transfer agent cost reimbursements to related party (note 8)	`NoninterestExpenseTransferAgentAndCustodianFees`	$92.00K	USD	Annual
Transfer agent cost reimbursements to related party (note 8)	`NoninterestExpenseTransferAgentAndCustodianFees`	$106.40K	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$8.12M	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$9.13M	USD	Annual
Total operating expenses	`OperatingExpenses`	$34.98M	USD	Annual
Total operating expenses	`OperatingExpenses`	$26.98M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-16.61M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-19.87M	USD	Annual
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$2.39M	USD	Annual
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$535.20K	USD	Annual
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.44M	USD	Annual
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-2.08M	USD	Annual
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$9.96M	USD	Annual
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$2.58M	USD	Annual
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$656.98K	USD	Annual
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$7.35M	USD	Annual
Net loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Net loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-247.30K	USD	Annual
Net loss on disposal of real estate	`GainLossOnDisposalOfRealEstate`	$-352.54K	USD	Annual
Net loss on disposal of real estate	`GainLossOnDisposalOfRealEstate`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$14.84M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.69M	USD	Annual
Net income (loss)	`ProfitLoss`	$4.28M	USD	Annual
Net (income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$405.48K	USD	Annual
Net (income) 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 preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$695.60K	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.51M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.79M	USD	Annual
Net income (loss) per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	Annual
Net income (loss) per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.34M	shares	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.28M	shares	Annual

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-3.69M	USD	Annual
Net income (loss)	`ProfitLoss`	$4.28M	USD	Annual
Net unrealized (gain) loss on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.44M	USD	Annual
Net unrealized (gain) loss on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-2.08M	USD	Annual
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-1.22M	USD	Annual
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-7.44M	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$656.98K	USD	Annual
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$7.35M	USD	Annual
Net loss on disposal of fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Net loss on disposal of fixed assets	`GainLossOnDispositionOfAssets1`	$-247.30K	USD	Annual
Net loss on disposal of real estate	`GainLossOnSalesOfInvestmentRealEstate`	$-352.54K	USD	Annual
Net loss on disposal of real estate	`GainLossOnSalesOfInvestmentRealEstate`	-	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$8.12M	USD	Annual
Impairment loss on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$9.13M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$14.84M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Straight - line rent	`StraightLineRent`	$63.54K	USD	Annual
Straight - line rent	`StraightLineRent`	$19.17K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.54M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.27M	USD	Annual
Amortization of deferred financing costs and debt mark-to-market	`AmortizationOfFinancingCosts`	$23.15K	USD	Annual
Amortization of deferred financing costs and debt mark-to-market	`AmortizationOfFinancingCosts`	$948.55K	USD	Annual
Accretion of above (below) market lease, net	`AccretionOfAboveBelowMarketLeaseNet`	$-164.69K	USD	Annual
Accretion of above (below) market lease, net	`AccretionOfAboveBelowMarketLeaseNet`	$-474.19K	USD	Annual
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-1.42M	USD	Annual
Investments income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-15.04K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$622.95K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-250.34K	USD	Annual
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	$-401.00	USD	Annual
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$-796.08K	USD	Annual
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$115.74K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.35M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.95M	USD	Annual
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$70.36K	USD	Annual
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-504.52K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.62M	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.62M	USD	Annual
Proceeds from sale of and sales distribution from investments	`ProceedsFromSaleOfOtherInvestments`	$15.24M	USD	Annual
Proceeds from sale of and sales distribution from investments	`ProceedsFromSaleOfOtherInvestments`	$33.69M	USD	Annual
Investment acquisition advance	`PaymentsForAdvanceOnInvestmentAcquisition`	-	USD	Annual
Investment acquisition advance	`PaymentsForAdvanceOnInvestmentAcquisition`	$100.00K	USD	Annual
Net proceeds from sale of real estate	`ProceedsFromSaleOfOtherRealEstate`	-	USD	Annual
Net proceeds from sale of real estate	`ProceedsFromSaleOfOtherRealEstate`	$8.70M	USD	Annual
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$18.70M	USD	Annual
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$63.24M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$1.62M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$24.87M	USD	Annual
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$12.96M	USD	Annual
Return of capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$22.25M	USD	Annual
Payment on contingent liability	`PaymentForContingentConsiderationLiabilityInvestingActivities`	-	USD	Annual
Payment on contingent liability	`PaymentForContingentConsiderationLiabilityInvestingActivities`	$1.15M	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.16M	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.31M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromIssuanceOfSecuredDebt`	$3.22M	USD	Annual
Proceeds from mortgage notes payable	`ProceedsFromIssuanceOfSecuredDebt`	$34.45M	USD	Annual
Payments on mortgage notes payable	`RepaymentsOfSecuredDebt`	$8.86M	USD	Annual
Payments on mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.96M	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.11K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$17.00K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Payment of deferred financing cost	`PaymentsOfFinancingCosts`	-	USD	Annual
Payment of deferred financing cost	`PaymentsOfFinancingCosts`	$836.80K	USD	Annual
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$2.82M	USD	Annual
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$4.47M	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$13.41M	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.94M	USD	Annual
Payment of finance lease liabilities	`FinanceLeasePrincipalPayments`	$30.28K	USD	Annual
Payment of finance lease liabilities	`FinanceLeasePrincipalPayments`	-	USD	Annual
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$1.21M	USD	Annual
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$705.77K	USD	Annual
Contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$1.33K	USD	Annual
Contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$1.07M	USD	Annual
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$12.18K	USD	Annual
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$449.09K	USD	Annual
Redemption of common stock, net of redemptions payable	`RedemptionOfCommonStock`	$1.43M	USD	Annual
Redemption of common stock, net of redemptions payable	`RedemptionOfCommonStock`	$1.59M	USD	Annual
Redemption of preferred stock	`RedemptionOfPreferredStock`	-	USD	Annual
Redemption of preferred stock	`RedemptionOfPreferredStock`	$31.85K	USD	Annual
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-85.00K	USD	Annual
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-453.60K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.79M	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$451.00K	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.24M	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$9.14M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$17.24M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Restricted cash at end of the year	`RestrictedCash`	$898.24K	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`	-	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
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 Class A units for the purchase of real estate assets (Note 5)	`IssuanceOfOperatingPartnershipClassAUnitsForPurchaseOfRealEstateAssets`	-	USD	Annual
Issuance of the Operating Partnership Preferred units for the purchase of investments (Note 5)	`IssuanceOfOperatingPartnershipPreferredUnitsForPurchaseOfInvestments`	$4.65M	USD	Annual
Issuance of the Operating Partnership Preferred units for the purchase of investments (Note 5)	`IssuanceOfOperatingPartnershipPreferredUnitsForPurchaseOfInvestments`	-	USD	Annual
Issuance of common stock for merger of FSP Satellite Place Corp. (Note 1)	`IssuanceOfCommonStockForMerger`	-	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
Issuance of preferred stocks for merger of FSP Satellite Place Corp. (Note 1)	`IssuanceOfPreferredStocksForMerger`	-	USD	Annual
Fair value of subsidiary's units owned prior to the merger date	`FairValueOfSubsidiarySUnitsOwnedPriorToMergerDate`	$5.42M	USD	Annual
Fair value of subsidiary's units owned prior to the merger date	`FairValueOfSubsidiarySUnitsOwnedPriorToMergerDate`	-	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$1.19M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$1.64M	USD	Annual
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	$826.00	USD	Annual
Issuance of preferred stock through reinvestment of dividends	`IssuanceOfPreferredStockThroughReinvestmentOfDividends`	$75.38K	USD	Annual
Reduction in contingent consideration estimate	`ReductionInContingentConsiderationEstimate`	-	USD	Annual
Reduction in contingent consideration estimate	`ReductionInContingentConsiderationEstimate`	$57.88K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$5.74M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25M	USD	Annual

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$111.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$1.07M	USD	Annual
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$1.33K	USD	Annual
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$68.05K	USD	Annual
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$630.28K	USD	Annual
Operating Partnership Preferred Units issued	`OperatingPartnershipValueClassAUnitsIssued`	$750.00K	USD	Annual
Operating Partnership Preferred Units issued	`OperatingPartnershipValuePreferredUnitsIssued`	$4.65M	USD	Annual
Operating Partnership Preferred Units issued	`OperatingPartnershipValuePreferredUnitsIssued`	$5.95M	USD	Annual
Dividends to common stockholders	`DividendsCommonStockStock`	$5.95M	USD	Annual
Dividends to common stockholders	`DividendsCommonStockStock`	$5.32M	USD	Annual
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$695.60K	USD	Annual
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$56.93K	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.69M	USD	Annual
Net income (loss)	`ProfitLoss`	$4.28M	USD	Annual
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	Annual
Operating Partnership Class A conversion to common stock	`OperatingPartnershipValueConversionOfConvertibleSecurities`	-	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$27.50K	USD	Annual
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 preferred stock	`StockIssuedDuringPeriodValuePreferredStockNewIssues`	$13.41M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.64M	USD	Annual
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.19M	USD	Annual
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$75.38K	USD	Annual
Issuance of preferred stock through reinvestment of dividends	`PreferredStockIssuedDuringPeriodValueDividendReinvestmentPlan`	$826.00	USD	Annual
Issuance Operating Partnership Preferred Units through reinvestment of dividends	`IssuanceOperatingPartnershipPreferredUnitsThroughReinvestmentOfDividends`	$51.41K	USD	Annual
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$847.17K	USD	Annual
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.65M	USD	Annual
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$1.78M	USD	Annual
Redemption of common stock	`StockRedeemedOrCalledDuringPeriodValue`	$1.68M	USD	Annual
Redemptions of preferred stock	`StockRedeemedOrCalledDuringPeriodValueOfPreferredStock`	$31.85K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$104.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$111.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time

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