Summary of Reportable Segments (Detail) - USD ($) |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2020 |
Jun. 30, 2020 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| Revenues: | |||||||
| Total revenues | $ 31,363,122 | $ 29,588,014 | $ 91,130,790 | $ 79,451,856 | |||
| Operating expenses: | |||||||
| General and administrative | 4,012,072 | 3,519,557 | 11,829,732 | 7,000,627 | |||
| Depreciation | 8,003,587 | 7,639,190 | 23,562,701 | 21,928,108 | |||
| Intangible amortization expense | 1,587,899 | 3,741,046 | 8,475,682 | 7,822,354 | |||
| Self administration transaction expenses | 0 | 107,100 | 0 | 1,595,371 | |||
| Acquisition expenses – affiliates | 84,061 | ||||||
| Other acquisition expenses | 468,577 | 25,529 | 593,903 | 109,765 | |||
| Contingent earnout adjustment | 1,600,000 | 300,000 | (5,100,000) | 300,000 | |||
| Contingent earnout expense | 1,600,000 | ||||||
| Total operating expenses | 26,992,137 | $ 27,497,027 | $ 61,368,274 | $ 26,965,933 | 27,773,486 | 115,857,438 | 74,919,300 |
| Impairment of goodwill and intangible assets | 36,465,732 | ||||||
| Impairment of investments in Managed REITs | 0 | 0 | 4,376,879 | 0 | |||
| Operating income (loss) | 4,370,985 | 1,972,518 | (31,070,151) | 7,055,456 | 1,814,528 | (24,726,648) | 4,532,556 |
| Other income (expense): | |||||||
| Interest expense | (8,093,476) | (10,260,936) | (24,717,208) | (28,584,740) | |||
| Net loss on extinguishment of debt | 0 | 0 | 0 | (1,487,867) | |||
| Interest expense – accretion of fair market value of secured debt | 32,788 | 33,191 | 98,337 | 98,850 | |||
| Interest expense – debt issuance costs | (952,479) | (1,082,543) | (2,832,240) | (2,997,801) | |||
| Gain resulting from acquisition of | 0 | 8,017,353 | |||||
| Other | 185,685 | (45,819) | 2,914,840 | (352,219) | |||
| Net loss | (4,456,497) | $ (7,062,841) | $ (37,743,581) | $ (4,321,670) | (9,541,579) | (49,262,919) | (20,773,868) |
| Self Storage Rental Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 26,706,201 | 25,669,615 | 77,221,013 | 74,056,235 | |||
| Ancillary Operating Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 1,431,952 | 1,188,934 | 3,768,213 | 2,589,985 | |||
| Managed REIT Platform Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 2,051,021 | 1,192,665 | 5,687,701 | 1,221,727 | |||
| Reimbursable Costs from Managed REITs | |||||||
| Revenues: | |||||||
| Total revenues | 1,173,948 | 1,536,800 | 4,453,863 | 1,583,909 | |||
| Operating expenses: | |||||||
| Operating expenses | 1,173,948 | 1,536,800 | 4,453,863 | 1,583,909 | |||
| Property Operating Expenses | |||||||
| Operating expenses: | |||||||
| Operating expenses | 9,816,774 | 9,655,599 | 28,686,843 | 26,630,201 | |||
| Property operating expenses – Affiliates | |||||||
| Operating expenses: | |||||||
| Operating expenses | 0 | 0 | 0 | 6,605,670 | |||
| Managed REIT Platform Expenses | |||||||
| Operating expenses: | |||||||
| Operating expenses | 329,280 | 1,248,665 | 2,512,103 | 1,259,234 | |||
| Self Storage | |||||||
| Revenues: | |||||||
| Total revenues | 28,138,153 | 26,858,549 | 80,989,226 | 76,646,220 | |||
| Operating expenses: | |||||||
| Depreciation | 7,863,351 | 7,470,184 | 23,185,178 | 21,750,206 | |||
| Intangible amortization expense | 561,601 | 2,503,987 | 4,950,285 | 6,524,347 | |||
| Acquisition expenses – affiliates | 84,061 | ||||||
| Other acquisition expenses | 468,577 | 25,529 | 593,903 | 109,765 | |||
| Total operating expenses | 18,710,303 | 19,655,299 | 57,416,209 | 61,704,250 | |||
| Operating income (loss) | 9,427,850 | 7,203,250 | 23,573,017 | 14,941,970 | |||
| Other income (expense): | |||||||
| Interest expense | (8,048,225) | (10,214,822) | (24,581,790) | (28,537,117) | |||
| Net loss on extinguishment of debt | (1,487,867) | ||||||
| Interest expense – accretion of fair market value of secured debt | 32,788 | 33,191 | 98,337 | 98,850 | |||
| Interest expense – debt issuance costs | (950,120) | (1,082,543) | (2,825,162) | (2,997,801) | |||
| Gain resulting from acquisition of | 8,017,353 | ||||||
| Other | (139,829) | (106,450) | (544,296) | (414,871) | |||
| Net loss | 322,464 | (4,167,374) | (4,279,894) | (10,379,483) | |||
| Self Storage | Self Storage Rental Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 26,706,201 | 25,669,615 | 77,221,013 | 74,056,235 | |||
| Self Storage | Ancillary Operating Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 1,431,952 | 1,188,934 | 3,768,213 | 2,589,985 | |||
| Self Storage | Property Operating Expenses | |||||||
| Operating expenses: | |||||||
| Operating expenses | 9,816,774 | 9,655,599 | 28,686,843 | 26,630,201 | |||
| Self Storage | Property operating expenses – Affiliates | |||||||
| Operating expenses: | |||||||
| Operating expenses | 6,605,670 | ||||||
| Managed REIT Platform | |||||||
| Revenues: | |||||||
| Total revenues | 3,224,969 | 2,729,465 | 10,141,564 | 2,805,636 | |||
| Operating expenses: | |||||||
| Intangible amortization expense | 1,026,298 | 1,237,059 | 3,525,397 | 1,298,007 | |||
| Contingent earnout adjustment | 300,000 | (5,100,000) | 300,000 | ||||
| Contingent earnout expense | 1,600,000 | ||||||
| Total operating expenses | 4,129,526 | 4,322,524 | 46,233,974 | 4,441,150 | |||
| Impairment of goodwill and intangible assets | 36,465,732 | ||||||
| Impairment of investments in Managed REITs | 4,376,879 | ||||||
| Operating income (loss) | (904,557) | (1,593,059) | (36,092,410) | (1,635,514) | |||
| Other income (expense): | |||||||
| Other | 325,514 | 60,631 | 3,312,206 | 62,652 | |||
| Net loss | (579,043) | (1,532,428) | (32,780,204) | (1,572,862) | |||
| Managed REIT Platform | Managed REIT Platform Revenue | |||||||
| Revenues: | |||||||
| Total revenues | 2,051,021 | 1,192,665 | 5,687,701 | 1,221,727 | |||
| Managed REIT Platform | Reimbursable Costs from Managed REITs | |||||||
| Revenues: | |||||||
| Total revenues | 1,173,948 | 1,536,800 | 4,453,863 | 1,583,909 | |||
| Operating expenses: | |||||||
| Operating expenses | 1,173,948 | 1,536,800 | 4,453,863 | 1,583,909 | |||
| Managed REIT Platform | Managed REIT Platform Expenses | |||||||
| Operating expenses: | |||||||
| Operating expenses | 329,280 | 1,248,665 | 2,512,103 | 1,259,234 | |||
| Corporate and Other | |||||||
| Operating expenses: | |||||||
| General and administrative | 4,012,072 | 3,519,557 | 11,829,732 | 7,000,627 | |||
| Depreciation | 140,236 | 169,006 | 377,523 | 177,902 | |||
| Self administration transaction expenses | 107,100 | 1,595,371 | |||||
| Total operating expenses | 4,152,308 | 3,795,663 | 12,207,255 | 8,773,900 | |||
| Operating income (loss) | (4,152,308) | (3,795,663) | (12,207,255) | (8,773,900) | |||
| Other income (expense): | |||||||
| Interest expense | (45,251) | (46,114) | (135,418) | (47,623) | |||
| Interest expense – debt issuance costs | (2,359) | (7,078) | |||||
| Other | 146,930 | ||||||
| Net loss | $ (4,199,918) | $ (3,841,777) | $ (12,202,821) | $ (8,821,523) | |||