2021 Q1 Form 10-Q Financial Statement
#000156792521000033 Filed on May 13, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
Revenue | $42.42M | $41.43M |
YoY Change | 2.4% | -10.85% |
Cost Of Revenue | $3.214M | $11.49M |
YoY Change | -72.02% | |
Gross Profit | $39.21M | $29.94M |
YoY Change | 30.96% | |
Gross Profit Margin | 92.42% | 72.27% |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $48.20M | |
YoY Change | 49.35% | |
Operating Profit | $3.698M | $10.61M |
YoY Change | -65.14% | -25.27% |
Interest Expense | -$8.764M | -$11.92M |
YoY Change | -26.5% | 21.23% |
% of Operating Profit | -236.99% | -112.39% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $2.882M | $5.669M |
YoY Change | -49.16% | 29.99% |
Net Earnings / Revenue | 6.79% | 13.68% |
Basic Earnings Per Share | $0.01 | $0.03 |
Diluted Earnings Per Share | $0.01 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 222.5M shares | 221.5M shares |
Diluted Shares Outstanding | 222.5M shares | 221.5M shares |
Balance Sheet
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $51.04M | $150.5M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | $39.29M | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $3.179B | $3.306B |
YoY Change | -3.82% | 68.57% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | ||
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | ||
Total Long-Term Liabilities | ||
Total Liabilities | $1.537B | $1.613B |
YoY Change | -4.7% | 72.63% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $2.227M | $2.214M |
YoY Change | 0.59% | 62.32% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.642B | $1.693B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.179B | $3.306B |
YoY Change | -3.82% | 68.57% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $2.882M | $5.669M |
YoY Change | -49.16% | 29.99% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $37.13M | $29.93M |
YoY Change | 24.03% | 50.07% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | $7.500M | $0.00 |
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$14.32M | -$10.49M |
YoY Change | 36.47% | 789.82% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.687M | $12.28M |
YoY Change | -86.26% | 14.39% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$22.62M | $62.22M |
YoY Change | -136.36% | -580.29% |
NET CHANGE | ||
Cash From Operating Activities | $37.13M | $29.93M |
Cash From Investing Activities | -$14.32M | -$10.49M |
Cash From Financing Activities | -$22.62M | $62.22M |
Net Change In Cash | $190.0K | $81.66M |
YoY Change | -99.77% | 1304.54% |
FREE CASH FLOW | ||
Cash From Operating Activities | $37.13M | $29.93M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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OtherComprehensiveIncomeLossNetOfTax
|
-20334000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
5669000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1692666000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2882000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
5669000 | USD |
CY2021Q1 | cik0001567925 |
Depreciation And Amortization From Real Estate
DepreciationAndAmortizationFromRealEstate
|
25962000 | USD |
CY2020Q1 | cik0001567925 |
Depreciation And Amortization From Real Estate
DepreciationAndAmortizationFromRealEstate
|
27065000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
996000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
946000 | USD |
CY2021Q1 | cik0001567925 |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
483000 | USD |
CY2020Q1 | cik0001567925 |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
969000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1096000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1386000 | USD |
CY2021Q1 | cik0001567925 |
Amortization Of Notes Receivable Origination Fee
AmortizationOfNotesReceivableOriginationFee
|
68000 | USD |
CY2020Q1 | cik0001567925 |
Amortization Of Notes Receivable Origination Fee
AmortizationOfNotesReceivableOriginationFee
|
0 | USD |
CY2021Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
54000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD |
CY2021Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
264000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
234000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
5000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
0 | USD |
CY2021Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
10423000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
240000 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2021Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
4626000 | USD |
CY2020Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
5500000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
556000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
27000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
54000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-290000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
0 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-58000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-863000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2258000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
37128000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
29934000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
5024000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
7500000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2021Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
7067000 | USD |
CY2020Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
5441000 | USD |
CY2021Q1 | cik0001567925 |
Payments Of Deal Costs
PaymentsOfDealCosts
|
0 | USD |
CY2020Q1 | cik0001567925 |
Payments Of Deal Costs
PaymentsOfDealCosts
|
126000 | USD |
CY2021Q1 | us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
250000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
-100000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
500000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
0 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-14317000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10491000 | USD |
CY2021Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1124000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
770000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
95000000 | USD |
CY2021Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3000 | USD |
CY2020Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1000 | USD |
CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1687000 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
12277000 | USD |
CY2021Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
637000 | USD |
CY2020Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
845000 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
19170000 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
18890000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-22621000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
62217000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
190000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
81660000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
67909000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
80230000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68099000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
161890000 | USD |
CY2021Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
138000 | USD |
CY2020Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
145000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12307000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14720000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
7374000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
7731000 | USD |
CY2021Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
8000 | USD |
CY2020Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
268000 | USD |
CY2021Q1 | cik0001567925 |
Deal Costs Incurred But Not Yet Paid
DealCostsIncurredButNotYetPaid
|
40000 | USD |
CY2020Q1 | cik0001567925 |
Deal Costs Incurred But Not Yet Paid
DealCostsIncurredButNotYetPaid
|
6000 | USD |
CY2021Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Business Operations <div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Sila Realty Trust, Inc., or the Company, is a Maryland corporation that was formed on January 11, 2013. The Company elected, and currently qualifies, to be taxed as a real estate investment trust, or a REIT, under the Internal Revenue Code of 1986, as amended, or the Code, for federal income tax purposes commencing with its taxable year ended December 31, 2014. Substantially all of the Company’s business is conducted through Sila Realty Operating Partnership, LP, a Delaware limited partnership, or the Operating Partnership, formed on January 10, 2013. The Company is the sole general partner and, prior to the completion of the Internalization Transaction (as defined herein) on September 30, 2020, Carter Validus Advisors II, LLC, or the Former Advisor, was the special limited partner of the Operating Partnership. As of the closing of the Internalization Transaction, the Company owns directly or indirectly, all of the interests in the Operating Partnership.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to September 30, 2020, the Former Advisor was responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making investments on the Company’s behalf pursuant to an advisory agreement among the Company, the Operating Partnership and the Former Advisor. On July 28, 2020, the Company and the Operating Partnership entered into a Membership Interest Purchase Agreement, or the Purchase Agreement, to provide for the internalization of the external management functions previously performed for the Company and the Operating Partnership by the Former Advisor and its affiliates, or the Internalization Transaction. On September 30, 2020, the Company closed the Internalization Transaction. Effective September 30, 2020, as a result of the Internalization Transaction, the Former Advisor is no longer affiliated with the Company.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Upon completion of the Internalization Transaction, individuals, who were previously employed by an affiliate of the Former Advisor, became employees of the Company and the functions previously performed by the Former Advisor were internalized by the Company. As an internally managed company, the Company no longer pays the Former Advisor and its affiliates any fees or expense reimbursements arising from the advisory agreement.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, on September 30, 2020, the Operating Partnership redeemed the Former Advisor’s limited partner interest (including special limited partner interest) in the Operating Partnership in connection with the Internalization Transaction. On September 30, 2020, the Company and Sila REIT, LLC, a Maryland limited liability company that is the sole limited partner of the Operating Partnership, entered into the Third Amended and Restated Agreement of Limited Partnership of the Operating Partnership, or the Third A&R LP Agreement, in order to reflect the completion of the Internalization Transaction.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was formed to invest primarily in quality income-producing commercial real estate, with a focus on data centers and healthcare properties, preferably with long-term leases to creditworthy tenants, as well as to make other real estate-related investments in such property types, which may include equity or debt interests in other real estate entities. As of March 31, 2021, the Company owned 153 real estate properties.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company raised the equity capital for its real estate investments through two public offerings, or the Offerings, from May 2014 through November 2018, and the Company has offered shares pursuant to its distribution reinvestment plan, or the DRIP, pursuant to two Registration Statements on Form S-3, or each, a DRIP Offering and together the DRIP Offerings, since November 2017.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Except as the context otherwise requires, the “Company” refers to Sila Realty Trust, Inc., the Operating Partnership and all wholly-owned subsidiaries.</span></div> | |
CY2021Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
153 | property |
CY2018Q4 | cik0001567925 |
Number Of Public Offerings
NumberOfPublicOfferings
|
2 | initial_public_offering |
CY2021Q1 | cik0001567925 |
Number Of Registration Statements On Form S3
NumberOfRegistrationStatementsOnFormS3
|
2 | registration_statement |
CY2021Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements and accompanying notes in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.</span></div> | |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
53174000 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
69342000 | USD |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
14735000 | USD |
CY2019Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
10888000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
67909000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
80230000 | USD |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51039000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
150476000 | USD |
CY2021Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
17060000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11414000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68099000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
161890000 | USD |
CY2021Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
10423000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
240000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
240000 | USD |
CY2021Q1 | cik0001567925 |
Operating Lease Lease Income Lease Payments Impairment
OperatingLeaseLeaseIncomeLeasePaymentsImpairment
|
216000 | USD |
CY2020Q1 | cik0001567925 |
Operating Lease Lease Income Lease Payments Impairment
OperatingLeaseLeaseIncomeLeasePaymentsImpairment
|
4000 | USD |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
556000 | USD |
CY2021Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Significant Leases</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2021, the Company had cash on deposit, including restricted cash, in certain financial institutions that had deposits in excess of current federally insured levels. The Company limits its cash investments to financial institutions with high credit standings; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has not experienced a loss or lack of access to cash in its accounts. </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2021, the Company owned real estate investments in two micropolitan statistical areas and 68 metropolitan statistical areas, or MSAs, one MSA of which accounted for 10.0% or more of rental revenue. Real estate investments located in the Houston-The Woodlands-Sugar Land, Texas MSA accounted for 10.7% of rental revenue for the three months ended March 31, 2021.</span></div>As of March 31, 2021, the Company had one exposure to tenant concentration that accounted for 10.0% or more of rental revenue for the three months ended March 31, 2021. The leases with tenants at healthcare properties under common control of Post Acute Medical, LLC and affiliates accounted for 10.3% of rental revenue for the three months ended March 31, 2021. | |
CY2021Q1 | cik0001567925 |
Number Of Micropolitan Statistical Areas In Which Company Owns Rental Property
NumberOfMicropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
|
2 | micropolitan |
CY2021Q1 | cik0001567925 |
Number Of Metropolitan Statistical Areas In Which Company Owns Rental Property
NumberOfMetropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
|
68 | metropolitan |
CY2021Q1 | cik0001567925 |
Share Repurchase Program Percentageof Outstanding Common Stock Maximum
ShareRepurchaseProgramPercentageofOutstandingCommonStockMaximum
|
0.050 | |
CY2021Q1 | cik0001567925 |
Share Repurchase Program Percentageof Outstanding Common Stock Maximum
ShareRepurchaseProgramPercentageofOutstandingCommonStockMaximum
|
0.050 | |
CY2021Q1 | cik0001567925 |
Period Of Notice Required For Changes To Share Repurchase Program
PeriodOfNoticeRequiredForChangesToShareRepurchaseProgram
|
P30D | |
CY2021Q1 | cik0001567925 |
Share Repurchase Program Percentageof Outstanding Common Stock Maximum
ShareRepurchaseProgramPercentageofOutstandingCommonStockMaximum
|
0.050 | |
CY2020Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27000 | USD |
CY2021Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
940000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
30000 | shares |
CY2020 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2020 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current financial statement presentation, with no effect on the Company’s consolidated financial position or results of operations. Amounts related to expenses incurred in connection with the Internalization Transaction were previously classified in general and administrative expenses, for the three months ended March 31, 2020, but are now presented separately as Internalization Transaction expenses, in the condensed consolidated statements of comprehensive income (loss).</span></div> | |
CY2020Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
494000 | USD |
CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
238000000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
246761000 | USD |
CY2021Q1 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P9Y7M6D | |
CY2020 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P9Y9M18D | |
CY2021Q1 | cik0001567925 |
Amortization Of Acquired Intangible Assets Finite Lived
AmortizationOfAcquiredIntangibleAssetsFiniteLived
|
8761000 | USD |
CY2020Q1 | cik0001567925 |
Amortization Of Acquired Intangible Assets Finite Lived
AmortizationOfAcquiredIntangibleAssetsFiniteLived
|
10547000 | USD |
CY2021Q1 | cik0001567925 |
Amortization Of Acquired Intangible Assets Finite Lived
AmortizationOfAcquiredIntangibleAssetsFiniteLived
|
8761000 | USD |
CY2020Q1 | cik0001567925 |
Amortization Of Acquired Intangible Assets Finite Lived
AmortizationOfAcquiredIntangibleAssetsFiniteLived
|
10547000 | USD |
CY2021Q1 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
15020000 | USD |
CY2020Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
13924000 | USD |
CY2021Q1 | cik0001567925 |
Below Market Leases Weighted Average Remaining Life
BelowMarketLeasesWeightedAverageRemainingLife
|
P15Y10M24D | |
CY2020 | cik0001567925 |
Below Market Leases Weighted Average Remaining Life
BelowMarketLeasesWeightedAverageRemainingLife
|
P16Y2M12D | |
CY2021Q1 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
51464000 | USD |
CY2020Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
52560000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1096000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1386000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
168896000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
232514000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
236067000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
232336000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
223252000 | USD |
CY2021Q1 | cik0001567925 |
Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
|
1441648000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
2534713000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
2534713000 | USD |
CY2021Q1 | us-gaap |
Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LessorOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
|
16313000 | USD |
CY2021Q1 | cik0001567925 |
Lessor Operating Lease Lease Not Yet Commenced Number Of Executed Leases
LessorOperatingLeaseLeaseNotYetCommencedNumberOfExecutedLeases
|
1 | lease |
CY2021Q1 | cik0001567925 |
Lessor Operating Lease Lease Not Yet Commenced Number Of Development Properties
LessorOperatingLeaseLeaseNotYetCommencedNumberOfDevelopmentProperties
|
1 | property |
CY2021Q1 | us-gaap |
Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
|
17 | lease |
CY2021Q1 | cik0001567925 |
Lessee Operating Lease Office Numberof Leases
LesseeOperatingLeaseOfficeNumberofLeases
|
1 | lease |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
7821000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
4977000 | USD |
CY2021Q1 | us-gaap |
Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
|
17 | lease |
CY2021Q1 | cik0001567925 |
Number Of Ground Leases Without Operating Lease Liabilities
NumberOfGroundLeasesWithoutOperatingLeaseLiabilities
|
4 | lease |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
642000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
642000 | USD |
CY2021Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
401000 | USD |
CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
401000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1850000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1682000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1638000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1687000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1688000 | USD |
CY2021Q1 | cik0001567925 |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
135031000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
143576000 | USD |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
111678000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
31898000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.057 | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P47Y9M18D | |
CY2020Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P48Y1M6D | |
CY2021Q1 | cik0001567925 |
Lessee Finance Lease Numberof Leases
LesseeFinanceLeaseNumberofLeases
|
1 | lease |
CY2021Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
5000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
38000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
0 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
110000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
147000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
147000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
152000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
154000 | USD |
CY2021Q1 | cik0001567925 |
Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
|
7111000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
2844000 | USD |
CY2021Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.053 | |
CY2021Q1 | us-gaap |
Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
|
P43Y2M12D | |
CY2020Q4 | us-gaap |
Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
|
P43Y4M24D | |
CY2021Q1 | cik0001567925 |
Number Of Notes Receivable Outstanding
NumberOfNotesReceivableOutstanding
|
2 | noteReceivable |
CY2021Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
30678000 | USD |
CY2021Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
30678000 | USD |
CY2020Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
31262000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
500000 | USD |
CY2021Q1 | cik0001567925 |
Number Of Notes Receivable Outstanding
NumberOfNotesReceivableOutstanding
|
2 | noteReceivable |
CY2021Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
0 | USD |
CY2021Q1 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
7221000 | USD |
CY2020Q4 | us-gaap |
Accumulated Amortization Of Debt Issuance Costs Line Of Credit Arrangements
AccumulatedAmortizationOfDebtIssuanceCostsLineOfCreditArrangements
|
6902000 | USD |
CY2021Q1 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
1318000 | USD |
CY2020Q4 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
1634000 | USD |
CY2021Q1 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
1025000 | USD |
CY2020Q4 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
811000 | USD |
CY2021Q1 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
11841000 | USD |
CY2020Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
11421000 | USD |
CY2021Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
17060000 | USD |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
14735000 | USD |
CY2021Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
4928000 | USD |
CY2020Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
5541000 | USD |
CY2021Q1 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
74313000 | USD |
CY2020Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
69687000 | USD |
CY2021Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
4839000 | USD |
CY2020Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
5443000 | USD |
CY2021Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
1107000 | USD |
CY2020Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
0 | USD |
CY2021Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
115406000 | USD |
CY2020Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
108461000 | USD |
CY2021Q1 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
13794000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
14033000 | USD |
CY2021Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
4258000 | USD |
CY2020Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
4269000 | USD |
CY2021Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
3595000 | USD |
CY2020Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
2511000 | USD |
CY2021Q1 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
935000 | USD |
CY2020Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
1202000 | USD |
CY2021Q1 | cik0001567925 |
Distribution And Servicing Fees Payable
DistributionAndServicingFeesPayable
|
2509000 | USD |
CY2020Q4 | cik0001567925 |
Distribution And Servicing Fees Payable
DistributionAndServicingFeesPayable
|
3128000 | USD |
CY2021Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
9173000 | USD |
CY2020Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
9117000 | USD |
CY2021Q1 | cik0001567925 |
Performance Based Deferred Stock Unit Awards Distributions Payable
PerformanceBasedDeferredStockUnitAwardsDistributionsPayable
|
22000 | USD |
CY2020Q4 | cik0001567925 |
Performance Based Deferred Stock Unit Awards Distributions Payable
PerformanceBasedDeferredStockUnitAwardsDistributionsPayable
|
0 | USD |
CY2021Q1 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
1044000 | USD |
CY2020Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
1047000 | USD |
CY2021Q1 | us-gaap |
Deferred Revenue Leases Net
DeferredRevenueLeasesNet
|
9286000 | USD |
CY2020Q4 | us-gaap |
Deferred Revenue Leases Net
DeferredRevenueLeasesNet
|
9767000 | USD |
CY2021Q1 | cik0001567925 |
Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Deferred Internalization Transaction Purchase Price
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredInternalizationTransactionPurchasePrice
|
7282000 | USD |
CY2020Q4 | cik0001567925 |
Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Deferred Internalization Transaction Purchase Price
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredInternalizationTransactionPurchasePrice
|
14728000 | USD |
CY2021Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
15759000 | USD |
CY2020Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
20444000 | USD |
CY2021Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
67657000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
80246000 | USD |
CY2021Q1 | cik0001567925 |
Notes Payable Gross
NotesPayableGross
|
452298000 | USD |
CY2020Q4 | cik0001567925 |
Notes Payable Gross
NotesPayableGross
|
453422000 | USD |
CY2021Q1 | cik0001567925 |
Debt Issuance Costs Notes Payable Net
DebtIssuanceCostsNotesPayableNet
|
1579000 | USD |
CY2020Q4 | cik0001567925 |
Debt Issuance Costs Notes Payable Net
DebtIssuanceCostsNotesPayableNet
|
1805000 | USD |
CY2021Q1 | us-gaap |
Notes Payable
NotesPayable
|
450719000 | USD |
CY2020Q4 | us-gaap |
Notes Payable
NotesPayable
|
451617000 | USD |
CY2021Q1 | cik0001567925 |
Long Term Line Of Credit Gross
LongTermLineOfCreditGross
|
938000000 | USD |
CY2020Q4 | cik0001567925 |
Long Term Line Of Credit Gross
LongTermLineOfCreditGross
|
938000000 | USD |
CY2021Q1 | cik0001567925 |
Debt Issuance Costs Term Loan Of Credit Facility Net
DebtIssuanceCostsTermLoanOfCreditFacilityNet
|
5454000 | USD |
CY2020Q4 | cik0001567925 |
Debt Issuance Costs Term Loan Of Credit Facility Net
DebtIssuanceCostsTermLoanOfCreditFacilityNet
|
5900000 | USD |
CY2021Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
932546000 | USD |
CY2020Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
932100000 | USD |
CY2021Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1383265000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1383717000 | USD |
CY2021Q1 | cik0001567925 |
Number Of Notes Payable Maturity Remainder Of Fiscal Year
NumberOfNotesPayableMaturityRemainderOfFiscalYear
|
4 | numberOfNotesPayable |
CY2020Q3 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
CY2020Q3 | cik0001567925 |
Special Limited Partnership Interest Shareholder Rateof Returnon Investment
SpecialLimitedPartnershipInterestShareholderRateofReturnonInvestment
|
0.080 | |
CY2021Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
0 | USD |
CY2020Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
9509000 | USD |
CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6623000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
25967000 | USD |
CY2021Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
10423000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
240000 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
15012000 | USD |
CY2021Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-12130000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2882000 | USD |
CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3194000 | USD |
CY2020Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
494000 | USD |
CY2020Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
5956000 | USD |
CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
27065000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
20988000 | USD |
CY2020Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-15319000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5669000 | USD |
CY2021Q1 | us-gaap |
Assets
Assets
|
3179298000 | USD |
CY2020Q4 | us-gaap |
Assets
Assets
|
3205289000 | USD |
CY2021Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
7067000 | USD |
CY2020Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
5441000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
5024000 | USD |
CY2021Q1 | cik0001567925 |
Payments For Proceeds From Real Estate Held For Investment And Capital Improvements
PaymentsForProceedsFromRealEstateHeldForInvestmentAndCapitalImprovements
|
7067000 | USD |
CY2020Q1 | cik0001567925 |
Payments For Proceeds From Real Estate Held For Investment And Capital Improvements
PaymentsForProceedsFromRealEstateHeldForInvestmentAndCapitalImprovements
|
10465000 | USD |
CY2021Q1 | cik0001567925 |
Notes Receivable Face Amount
NotesReceivableFaceAmount
|
30200000 | USD |
CY2020Q4 | cik0001567925 |
Notes Receivable Face Amount
NotesReceivableFaceAmount
|
30700000 | USD |
CY2021Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
10423000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2021Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
10423000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
240000 | USD |
CY2021Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
-9065000 | USD |
CY2021Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-12130000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
3390000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
-2402000 | USD |
CY2020Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-15319000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
-20593000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
-259000 | USD |
CY2021Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
16480000 | USD |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
1107000 | USD |
CY2021Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | USD |
CY2021Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
1107000 | USD |
CY2021Q1 | us-gaap |
Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
|
475000 | USD |
CY2021Q1 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
0 | USD |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
632000 | USD |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
15759000 | USD |
CY2021Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2021Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
15759000 | USD |
CY2021Q1 | us-gaap |
Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
|
475000 | USD |
CY2021Q1 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
15284000 | USD |
CY2020Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
20444000 | USD |
CY2020Q4 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2020Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
20444000 | USD |
CY2020Q4 | us-gaap |
Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
|
0 | USD |
CY2020Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
CY2020Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
20444000 | USD |
CY2021Q1 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
0 | legalProceeding |