Summary of Preliminary Purchase Price Allocation for Acquisitions (Detail)
9 Months Ended
Sep. 30, 2017
USD ($)
Business Acquisition [Line Items]  
Real Estate Assets $ 90,112,135
Intangibles 4,413,750
Total 94,525,885
Debt Issued or Assumed 38,360,236
Revenue 4,629,216 [1]
Property Operating Income (Loss) $ 2,458,466 [2]
Aurora II | Colorado  
Business Acquisition [Line Items]  
Acquisition Date Jan. 11, 2017
Real Estate Assets $ 9,780,754
Intangibles 319,246
Total 10,100,000
Debt Issued or Assumed 0
Revenue 587,087 [1]
Property Operating Income (Loss) $ 317,404 [2]
Dufferin | Canada  
Business Acquisition [Line Items]  
Acquisition Date Feb. 01, 2017 [3]
Real Estate Assets $ 22,545,843 [3]
Intangibles 1,538,440 [3]
Total 24,084,283 [3]
Debt Issued or Assumed 11,111,469 [3]
Revenue 1,366,449 [1],[3]
Property Operating Income (Loss) $ 904,863 [2],[3]
Mavis | Canada  
Business Acquisition [Line Items]  
Acquisition Date Feb. 01, 2017 [3]
Real Estate Assets $ 19,150,741 [3]
Intangibles 1,368,637 [3]
Total 20,519,378 [3]
Debt Issued or Assumed 9,366,048 [3]
Revenue 1,136,440 [1],[3]
Property Operating Income (Loss) $ 732,052 [2],[3]
Brewster | Canada  
Business Acquisition [Line Items]  
Acquisition Date Feb. 01, 2017 [3]
Real Estate Assets $ 13,663,740 [3]
Intangibles 911,564 [3]
Total 14,575,304 [3]
Debt Issued or Assumed 6,121,600 [3]
Revenue 880,444 [1],[3]
Property Operating Income (Loss) $ 470,363 [2],[3]
Granite | Canada  
Business Acquisition [Line Items]  
Acquisition Date Feb. 01, 2017 [3]
Real Estate Assets $ 11,827,875 [3]
Intangibles 275,863 [3]
Total 12,103,738 [3]
Debt Issued or Assumed 6,821,686 [3]
Revenue 501,061 [1],[3]
Property Operating Income (Loss) $ 133,990 [2],[3]
Centennial | Canada  
Business Acquisition [Line Items]  
Acquisition Date Feb. 01, 2017 [3],[4]
Real Estate Assets $ 13,143,182 [3],[4]
Intangibles 0 [3],[4]
Total 13,143,182 [3],[4]
Debt Issued or Assumed 4,939,433 [3],[4]
Revenue 157,735 [1],[3],[4]
Property Operating Income (Loss) $ (100,206) [2],[3],[4]
[1] The operating results of the facilities acquired above have been included in our consolidated statements of operations since their respective acquisition date.
[2] Property operating income (loss) excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, acquisition expenses, and costs incurred in connection with the property management changes.
[3] Allocation based on CAD/USD exchange rates as of date of acquisition. See Note 7 for further discussion regarding the Toronto Merger.
[4] The Centennial property opened in November 2016 with occupancy at 0%. The property’s occupancy at acquisition was approximately 11% and increased to approximately 54% as of September 30, 2017.