2023 Q1 Form 10-K Financial Statement
#000149315223009013 Filed on March 27, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $24.25M | $23.57M | $92.54M |
YoY Change | 5.61% | 2.57% | 6.33% |
Cost Of Revenue | $3.718M | $3.637M | $13.13M |
YoY Change | 26.29% | 33.17% | 23.61% |
Gross Profit | $20.53M | $19.93M | $79.41M |
YoY Change | 2.57% | -1.56% | 3.93% |
Gross Profit Margin | 84.67% | 84.57% | 85.81% |
Selling, General & Admin | $1.462M | $663.0K | $376.0K |
YoY Change | -48.52% | -90.04% | -96.71% |
% of Gross Profit | 7.12% | 3.33% | 0.47% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.231M | $6.901M | $25.53M |
YoY Change | -14.44% | -6.26% | -7.12% |
% of Gross Profit | 30.35% | 34.62% | 32.15% |
Operating Expenses | $14.76M | $7.698M | $42.60M |
YoY Change | 43.9% | -45.6% | 7.44% |
Operating Profit | $9.492M | $12.24M | $49.95M |
YoY Change | -2.76% | 100.66% | 35.87% |
Interest Expense | $5.353M | -$5.191M | $22.72M |
YoY Change | -137.21% | -65.81% | -181.42% |
% of Operating Profit | 56.39% | -42.42% | 45.48% |
Other Income/Expense, Net | -$19.00K | $102.0K | -$10.81M |
YoY Change | -97.25% | 2329.66% | |
Pretax Income | $4.139M | $7.147M | $16.42M |
YoY Change | -177.86% | -178.66% | 95.02% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $495.0K | $832.0K | $1.852M |
YoY Change | -109.31% | -111.72% | -65.29% |
Net Earnings / Revenue | 2.04% | 3.53% | 2.0% |
Basic Earnings Per Share | $0.08 | $0.31 | |
Diluted Earnings Per Share | $0.08 | $0.14 | $0.31 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.366M shares | 6.044M shares | 6.009M shares |
Diluted Shares Outstanding | 6.366M shares | 6.009M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $32.40M | $20.20M | $20.20M |
YoY Change | 88.15% | -22.93% | -22.93% |
Cash & Equivalents | $32.40M | $20.20M | $20.20M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $24.03M | $23.53M | $23.53M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $56.42M | $43.73M | $43.73M |
YoY Change | 37.7% | -11.6% | -11.6% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $438.0M | $440.7M | $440.7M |
YoY Change | -4.41% | -5.17% | -5.17% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $26.19M | $31.30M | $31.30M |
YoY Change | -0.6% | 1.79% | 1.79% |
Total Long-Term Assets | $493.1M | $503.3M | $503.3M |
YoY Change | -3.84% | -3.31% | -3.31% |
TOTAL ASSETS | |||
Total Short-Term Assets | $56.42M | $43.73M | $43.73M |
Total Long-Term Assets | $493.1M | $503.3M | $503.3M |
Total Assets | $549.6M | $547.0M | $547.0M |
YoY Change | -0.77% | -4.03% | -4.03% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.88M | $13.72M | $13.72M |
YoY Change | 15.89% | -33.56% | -33.56% |
Accrued Expenses | $1.755M | $1.833M | $1.833M |
YoY Change | -11.85% | -11.19% | -11.19% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $12.64M | $15.56M | $15.56M |
YoY Change | 11.04% | -31.53% | -31.53% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $461.2M | $455.4M | $455.4M |
YoY Change | -5.25% | -9.24% | -9.24% |
Other Long-Term Liabilities | $9.979M | $10.89M | $10.89M |
YoY Change | -8.06% | 4.77% | 4.77% |
Total Long-Term Liabilities | $471.2M | $466.3M | $466.3M |
YoY Change | -5.31% | -8.96% | -8.96% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $12.64M | $15.56M | $15.56M |
Total Long-Term Liabilities | $471.2M | $466.3M | $466.3M |
Total Liabilities | $499.4M | $497.6M | $539.2M |
YoY Change | -9.27% | -6.97% | -5.02% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.403M | $1.608M | |
YoY Change | 309.16% | ||
Common Stock | $0.00 | $0.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $7.858M | $7.786M | $7.786M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $549.6M | $547.0M | $547.0M |
YoY Change | -0.77% | -4.03% | -4.03% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $495.0K | $832.0K | $1.852M |
YoY Change | -109.31% | -111.72% | -65.29% |
Depreciation, Depletion And Amortization | $6.231M | $6.901M | $25.53M |
YoY Change | -14.44% | -6.26% | -7.12% |
Cash From Operating Activities | $9.976M | $13.51M | $50.93M |
YoY Change | -465.29% | -0.27% | 13.71% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.000M | $513.0K | $513.0K |
YoY Change | -757.69% | -100.8% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.477M | -$1.119M | -$9.588M |
YoY Change | 811.73% | -121.77% | -265.88% |
Cash From Investing Activities | -$4.523M | -$1.632M | -$10.10M |
YoY Change | -2891.98% | -132.24% | -82.67% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $1.769M | -3.399M | -$47.25M |
YoY Change | -115.56% | 67.85% | -300.45% |
NET CHANGE | |||
Cash From Operating Activities | $9.976M | 13.51M | $50.93M |
Cash From Investing Activities | -$4.523M | -1.632M | -$10.10M |
Cash From Financing Activities | $1.769M | -3.399M | -$47.25M |
Net Change In Cash | $7.222M | 8.474M | -$6.424M |
YoY Change | -151.82% | -48.89% | -163.8% |
FREE CASH FLOW | |||
Cash From Operating Activities | $9.976M | $13.51M | $50.93M |
Capital Expenditures | $6.000M | $513.0K | $513.0K |
Free Cash Flow | $3.976M | $12.99M | $50.41M |
YoY Change | -4.61% | -53.69% |
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RealEstateTaxExpense
|
10623000 | usd |
CY2022 | STRW |
Facility Rent Expenses
FacilityRentExpenses
|
532000 | usd |
CY2021 | STRW |
Facility Rent Expenses
FacilityRentExpenses
|
735000 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-5636000 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5128000 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
42597000 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
50271000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
49946000 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
36761000 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
20507000 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
21261000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
504000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
379000 | usd |
CY2022 | STRW |
Mortgage Insurance Premium
MortgageInsurancePremium
|
1704000 | usd |
CY2021 | STRW |
Mortgage Insurance Premium
MortgageInsurancePremium
|
1769000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
22715000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
23409000 | usd |
CY2021 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
3842000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
10932000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
8775000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
120000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-10812000 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4933000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
16419000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
8419000 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
14567000 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3083000 | usd |
CY2021 | STRW |
Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
|
4943000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1852000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
393000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
14256000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-6751000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
-10932000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
-8775000 | usd |
CY2021 | STRW |
Other Comprehensive Income Loss Attributable To Predecessor
OtherComprehensiveIncomeLossAttributableToPredecessor
|
9681000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
22347000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-6795000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
4693000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-469000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1852000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
393000 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.31 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6008953 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5846195 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13420000 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
9681000 | usd | |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
1060000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-5000000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
4943000 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
21984000 | usd |
STRW |
Issuance Of Operating Partnership Units
IssuanceOfOperatingPartnershipUnits
|
16997000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-7657000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
250000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
3476000 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
35050000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
35050000 | usd |
CY2022 | us-gaap |
Dividends
Dividends
|
637000 | usd |
CY2022 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
10883000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
25188000 | usd |
CY2022 | STRW |
Reclassification Of Noncontrolling Interest To Noncontrolling Interest Redemption Liability
ReclassificationOfNoncontrollingInterestToNoncontrollingInterestRedemptionLiability
|
15753000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
16419000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
49384000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
49384000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
16419000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
8419000 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
28558000 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
27488000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
250000 | usd |
CY2021 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
3842000 | usd |
CY2022 | STRW |
Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
|
1160000 | usd |
CY2021 | STRW |
Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
|
1000000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
504000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
379000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-289000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
150000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
231000 | usd |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
284000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
10932000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
8775000 | usd |
CY2022 | STRW |
Gain Loss On Foreign Currency Translation Adjustments
GainLossOnForeignCurrencyTranslationAdjustments
|
971000 | usd |
CY2021 | STRW |
Gain Loss On Foreign Currency Translation Adjustments
GainLossOnForeignCurrencyTranslationAdjustments
|
-559000 | usd |
CY2022 | STRW |
Credit For Doubtful Accounts Due To Recovery Of Foreclosed Real Estate
CreditForDoubtfulAccountsDueToRecoveryOfForeclosedRealEstate
|
-1200000 | usd |
CY2022 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
272000 | usd |
CY2021 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
2032000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-6435000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5058000 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
231000 | usd |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
284000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
50926000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44786000 | usd |
CY2022 | STRW |
Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
|
-513000 | usd |
CY2021 | STRW |
Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
|
-64068000 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
44000 | usd |
CY2022 | STRW |
Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
|
9588000 | usd |
CY2021 | STRW |
Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
|
-5736000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10101000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-58288000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
105000000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1469000 | usd |
CY2021 | STRW |
Proceeds From Issuance Of Bonds Net Of Issuance Costs
ProceedsFromIssuanceOfBondsNetOfIssuanceCosts
|
63000000 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
106012000 | usd |
CY2021 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
22384000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1700000 | usd |
CY2022 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
33248000 | usd |
CY2021 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
17229000 | usd |
CY2022 | STRW |
Noncontrolling Interest Distributions
NoncontrollingInterestDistributions
|
10883000 | usd |
CY2022 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
637000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1516000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-47249000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
23571000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-6424000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
10069000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
52128000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
42059000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
45704000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
52128000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
21629000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
19395000 | usd |
CY2022 | STRW |
Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
|
25188000 | usd |
CY2021 | STRW |
Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
|
2024000 | usd |
CY2022 | STRW |
Increase In Real Estate Investments Due To Noncash Recovery Of Foreclosed Real Estate
IncreaseInRealEstateInvestmentsDueToNoncashRecoveryOfForeclosedRealEstate
|
1200000 | usd |
CY2022 | STRW |
Reclassification Of Noncontrolling Interest To Noncontrolling Interest Redemption Liabilities
ReclassificationOfNoncontrollingInterestToNoncontrollingInterestRedemptionLiabilities
|
15753000 | usd |
CY2021 | STRW |
Note Receivable In Connection With Real Estate Investment Sale
NoteReceivableInConnectionWithRealEstateInvestmentSale
|
9027000 | usd |
CY2021 | STRW |
Buyer Assumption Of Senior Debt In Connection With Real Estate Investment Sale
BuyerAssumptionOfSeniorDebtInConnectionWithRealEstateInvestmentSale
|
16945000 | usd |
CY2021 | STRW |
Op Units Issued In Connection With Purchase Of Real Estate Investments
OpUnitsIssuedInConnectionWithPurchaseOfRealEstateInvestments
|
16997000 | usd |
CY2021 | STRW |
Members Distribution Included In Accounts Payable And Accrued Liabilities
MembersDistributionIncludedInAccountsPayableAndAccruedLiabilities
|
5000000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80A_eus-gaap--NatureOfOperations_zU25mNoAcON7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_825_zJr4mtU23ebk">Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRAWBERRY FIELDS REIT Inc. (the “Company”) is a Maryland corporation formed in July 2019. The Company commenced operations on June 8, 2021, following the completion of the formation transactions described below. The Company conducts its business through a traditional UPREIT structure in which substantially all of its assets are owned by subsidiaries of Strawberry Fields Realty, LP, a Delaware limited partnership formed in July 2019 (the “Operating Partnership”). The Company is the general partner of the Operating Partnership.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company completed the formation transactions on June 8, 2021. In connection with the formation transaction, the Company, the Operating Partnership and Strawberry Fields REIT, LLC (the “Predecessor Company” or “Predecessor”) entered into a contribution agreement, pursuant to which the Predecessor Company contributed all of its assets to the Operating Partnership, and the Operating Partnership assumed all of its liabilities. In exchange, the Operating Partnership issued limited partnership interests designated as common units (the “OP units”) to the Predecessor Company, which immediately distributed them to its members and beneficial owners. The Company offered certain of the holders of these OP units the opportunity to exchange their OP units for shares of common stock of the Company on a one for one basis. The Company limited the number of OP units that could be exchanged by some of the holders so that such holders would not become beneficial owners of more than <span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20210608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zjEDa76GVjF8" title="Equity method investment ownership percentage">9.8</span>% of the outstanding shares of the Company in violation of the ownership limitations set forth in the Company’s charter. Following the completion of the formation transactions, and other transactions, the Company became the owner of approximately <span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zDS5LrcM31Jk" title="Equity method investment ownership percentage">12</span>% and <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20211231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zZ3RleVVSs6g" title="Equity method investment ownership percentage">11</span> % of the outstanding OP units as of December 31, 2022 and 2021, respectively. The formation transactions were accounted for at historical cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the business affairs of the Operating Partnership, subject to certain limited approval and voting rights of the limited partners. The Company may cause the Operating Partnership to issue additional OP units in connection with property acquisitions, compensation or otherwise. The Company became a publicly traded entity on September 21, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2022, the Company owned 78 properties and leased one property that it in turn subleased to a tenant that operates the facility.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Predecessor Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Predecessor Company, Strawberry Fields REIT, LLC, is an Indiana limited liability company organized on August 4, 2014. Predecessor company’s final tax return was filed as of December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Predecessor Company primarily invested in real estate serving the healthcare industry in the United States. The Predecessor Company through its subsidiaries owned skilled nursing facilities, long-term acute care hospitals, and other healthcare related properties in the States of Illinois, Indiana, Michigan, Texas, Ohio, Tennessee, Kentucky, Oklahoma, and Arkansas. Prior to the formation transactions, the Predecessor Company owned 72 properties and leased one property that was subleased by the Predecessor Company to a tenant that operates the facility.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (Cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“GAAP”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements are presented in U.S. dollars.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 8, 2021, the Company completed the following formation transactions and related transactions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Predecessor Company contributed all of its assets owned as of June 8, 2021, to the Operating Partnership, and the Operating Partnership assumed all of the liabilities of the Predecessor Company as of the same date;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Operating Partnership issued <span id="xdx_905_eus-gaap--SharesIssued_iI_pid_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_zpnnOFjMe0Mf" title="Shares issued">51,686,280</span> OP units to the Predecessor Company, which were distributed to the members and beneficial owners of the Predecessor Company; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Company issued <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesFormationTransactions_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zf1PMI1xCu8f" title="Shares formation transactions">5,824,846</span> shares of its common stock to the members of the Predecessor Company and their beneficial owners and their transferees in exchange for <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesFormationTransactions_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_zGqtQdcUiH3" title="Shares transferees in exchange">5,824,846</span> OP units.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the completion of the formation transactions, the Company owned approximately <span id="xdx_90C_ecustom--OutstandingOwnershipPercentage_iI_pid_dp_uPure_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zy0ru0DtqFli" title="Outstanding ownership percentage">11.3</span>% or <span id="xdx_902_eus-gaap--SharesOutstanding_iI_pid_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zR5gV1xNhmak" title="Shares outstanding">5,844,166</span> of the outstanding OP units in the Operating Partnership. As of December 31, 2022 the Company owns approximately 12% of the Operating Partnership.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following is a summary of the Predecessor Company’s Consolidated Statement of Income for the period from January 1, 2021, through June 7, 2021, and the Company’s Consolidated Statement of Income for the period from June 8, 2021, to December 31, 2021. These amounts are included in the accompanying Consolidated Statements of Income herein for the year ended December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (Cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation (Cont.)</i></b></span></p> <p id="xdx_892_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zQrbYQqu7bRh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zDKrfTcviHEk" style="display: none">Schedule of Consolidated Financial Statement</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20210101__20210607__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_z1xkcLD8uScd" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">January 1, 2021 through June 7, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_496_20210608__20211231_zSbYjOF2b2r7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 8, 2021 through December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49E_20210101__20211231_zFRka7lJV9v9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">TOTAL</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(Amounts in $000’s)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Predecessor</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Company</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">January 1, 2021 through June 7, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 8, 2021 through December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">TOTAL</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenuesAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_i01_pn3n3_maOILzClM_zm2vb1jFXgrd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 46%; text-align: left; padding-bottom: 1.5pt">Rental revenues</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">35,440</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">51,592</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">87,032</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingExpensesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Depreciation_i01_pn3n3_maOEzcbt_zQE12nj6GBMl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Depreciation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,303</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14,157</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,460</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AdjustmentForAmortization_i01_pn3n3_maOEzcbt_z9X4F1X6nvmc" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,323</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,705</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,028</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_i01_pn3n3_maOEzcbt_zzj57WsifUij" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">General and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,928</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,369</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,297</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RealEstateTaxExpense_i01_pn3n3_maOEzcbt_zCz1obVQBLM4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Property taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,039</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,584</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,623</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FacilityRentExpenses_i01_pn3n3_maOEzcbt_zxLhyMJG2AM2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Facility rent expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">518</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">735</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ProvisionForDoubtfulAccounts_i01_pn3n3_maOEzcbt_zJitAGy5sjw2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Provision for doubtful accounts</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">93</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,035</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,128</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingExpenses_i01T_pn3n3_mtOEzcbt_msOILzClM_z1S9c7ynvF2g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 20pt; text-align: left; padding-bottom: 1.5pt">Total expenses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,903</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">32,368</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">50,271</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingIncomeLoss_iT_pn3n3_mtOILzClM_maPLzFXt_ztKnLatVdJu2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Income from operations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,537</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,224</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">36,761</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--InterestExpenseDebt_iN_pn3n3_di_maIEzltm_zSZBBle4i7q8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense, net</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,769</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(12,492</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(21,261</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_iN_pn3n3_di_maIEzltm_zJdTLEvTfgy4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Amortization of deferred financing costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(132</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(247</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(379</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--MortgageInsurancePremium_iN_pn3n3_di_maIEzltm_zciFYEFaDxg5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Mortgage insurance premium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(691</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,078</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,769</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--InterestExpense_iNT_pn3n3_di_mtIEzltm_msPLzFXt_zIWugr0USTsk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Total interest expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(9,592</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13,817</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23,409</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NonoperatingIncomeExpenseAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income (loss):</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--GainsLossesOnSalesOfInvestmentRealEstate_i01_pn3n3_maONIEzxbQ_zs5f5d2QcW41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain from sale of real estate investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,842</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0629">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,842</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_i01N_pn3n3_di_maONIEzxbQ_zN8fV9WUX8V" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Foreign currency translation loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,844</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,931</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(8,775</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NonoperatingIncomeExpense_i01T_pn3n3_mtONIEzxbQ_maPLzFXt_ztHBSzY6TyPe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Total other loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,002</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,931</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,933</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--ProfitLoss_iT_pn3n3_maNILzo0f_mtPLzFXt_zKEvGXxN7uI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Net income</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,943</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,476</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,419</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_iN_pn3n3_di_msNILzo0f_zexRhkY9aFpi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less net income attributable to non-controlling interest</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0644">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,083</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,083</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--NetIncomeAttributableToPredecessor_iN_pn3n3_di_msNILzo0f_zFXB3L2vrqJ5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Net income attributable to Predecessor Company</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0648">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0649">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,943</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_iT_pn3n3_mtNILzo0f_zpcXzdFVtASl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Net income attributable to common stockholders</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0652">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">393</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">393</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A1_z3y3crh4KLM2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Variable Interest Entity</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidates the Operating Partnership, a variable interest entity (“VIE”) in which the Company is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Non-Controlling Interest</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A non-controlling interest is defined as the portion of the equity in an entity not attributable, directly or indirectly, to the primary beneficiary. Non-controlling interests are required to be presented as a separate component of equity on a consolidated balance sheet. Accordingly, the presentation of net income is modified to present the income attributed to controlling and non-controlling interests. The non-controlling interest on the Company’s consolidated balance sheets represents OP units not held by the Company and represents approximately <span id="xdx_90E_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20220101__20221231_ztvoFgl0ngH7" title="Non-controlling interest, operatiing rate">88</span> % and <span id="xdx_905_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20210101__20211231_zblrtagC5Nb6" title="Non-controlling interest, operatiing rate">89</span> % of the outstanding OP Units issued by the Operating Partnership as of December 31, 2022 and 2021, respectively. The holders of these OP units are entitled to share in cash distributions from the Operating Partnership in proportion to their percentage ownership of OP units. Net income is allocated to the non-controlling interest based on the weighted-average of OP units outstanding during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Fiscal Year End</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has adopted a fiscal year end of December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
51592000 | usd | |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
87032000 | usd |
us-gaap |
Depreciation
Depreciation
|
14157000 | usd | |
CY2021 | us-gaap |
Depreciation
Depreciation
|
24460000 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1705000 | usd | |
CY2021 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
3028000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4369000 | usd | |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6297000 | usd |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
6584000 | usd | |
CY2021 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
10623000 | usd |
STRW |
Facility Rent Expenses
FacilityRentExpenses
|
518000 | usd | |
CY2021 | STRW |
Facility Rent Expenses
FacilityRentExpenses
|
735000 | usd |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5035000 | usd | |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5128000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
32368000 | usd | |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
50271000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
19224000 | usd | |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
36761000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
12492000 | usd | |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
21261000 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
247000 | usd | |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
379000 | usd |
STRW |
Mortgage Insurance Premium
MortgageInsurancePremium
|
1078000 | usd | |
CY2021 | STRW |
Mortgage Insurance Premium
MortgageInsurancePremium
|
1769000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
13817000 | usd | |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
23409000 | usd |
CY2021 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
3842000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1931000 | usd | |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
8775000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1931000 | usd | |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4933000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
3476000 | usd | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
8419000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3083000 | usd | |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3083000 | usd |
CY2021 | STRW |
Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
|
4943000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
393000 | usd | |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
393000 | usd |
CY2022 | STRW |
Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
|
0.88 | pure |
CY2021 | STRW |
Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
|
0.89 | pure |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zUO75WvvBog9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management is required to make estimates and assumptions in the preparation of the consolidated financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Cash
Cash
|
40652000 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
36359000 | usd |
CY2022 | STRW |
Increase Decrease Rent Percentage
IncreaseDecreaseRentPercentage
|
0.010 | pure |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zIBeMEkqrPe7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentrations of Credit Risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitor these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 31, 2022, the Company held five notes receivable with an outstanding balance of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20221231_zOYD8ieb1Bt9" title="Notes receivable balance outstanding">19.4</span> million. <span id="xdx_908_eus-gaap--ReceivableWithImputedInterestDescription_pid_dp_c20220101__20221231_zWArdpKYnMXe" title="Notes receivable maturity">The notes have maturities ranging from 2023 through 2046</span>, and interest rates ranging from <span id="xdx_906_eus-gaap--ReceivableWithImputedInterestEffectiveYieldInterestRate_pid_dp_c20220101__20221231__srt--RangeAxis__srt--MinimumMember_znlWv9e2rNI2" title="Notes receivable interest rate">2</span>% to <span id="xdx_90A_eus-gaap--ReceivableWithImputedInterestEffectiveYieldInterestRate_pid_dp_c20220101__20221231__srt--RangeAxis__srt--MaximumMember_zSfA5kzaJ1bj" title="Notes receivable interest rate">10.25</span>%. One of the notes is collateralized by tenants accounts receivable. All other notes receivable are uncollateralized as of December 31, 2022. As of December 31, 2021 the Company held two uncollateralized notes receivable for a total amount of $<span id="xdx_90D_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20211231_z61FOrv3yzhf" title="Notes receivable amount">9.8</span> million. All of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2018, the Company undertook to acquire five properties located in Massachusetts through the acquisition of the loans secured by first mortgages on the properties. In this regard, the Company purchased mortgages from the lenders for the price of $<span id="xdx_90F_eus-gaap--ProceedsFromLoans_pn4n6_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FivePropertiesMember_zJLwMJfZrci5" title="Property acquired through loans">7.74</span> million. During 2019, the Company subsequently advanced $<span id="xdx_909_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn5n6_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FivePropertiesMember_zAotfhzuBoG1" title="Payments to acquire property plant and equipment">3.1</span> million under the mortgages to repay other debts related to the properties. The Company had an informal understanding with the owner that, in exchange for the cancellation of the loans, the owner would transfer title to the properties to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">However, subsequent to the purchase of the loans but prior to the transfer of the properties, the Company cancelled the planned transfer because the owner was forced to surrender its licenses to the State of Massachusetts due to cash flow issues. Due to the uncertainty with respect to the recovery of the Company’s investment in the loans, they were fully reserved at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In July 2022, the Company as lender sold four of the five properties at auction for the total amount of $<span id="xdx_909_ecustom--ProceedsFromSaleOfPropertyAndEquipment_pn5n6_c20220701__20220731__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourPropertiesMember_zXTxRizljp38" title="Proceeds from sale of property and equipment">4.4</span> million which is included in (credit) provision for doubtful accounts in the accompanying consolidated statements of income and comprehensive income (loss). In December 2022 the Company took title on the fifth property with an estimated fair value of $<span id="xdx_900_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn5n6_c20221201__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FifthPropertyMember_zjw6qL9tqMTl" title="Payments to acquire property plant and equipment">1.2</span> million. The Company is in the process of pursuing collection efforts with respect to the balance outstanding, plans to sell the foreclosed assets and pursue the guarantors of the loans to recover the unpaid principal balances as well as protective advances and collection costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
19400000 | usd |
CY2022 | us-gaap |
Receivable With Imputed Interest Description
ReceivableWithImputedInterestDescription
|
The notes have maturities ranging from 2023 through 2046 | |
CY2021Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
9800000 | usd |
CY2022 | STRW |
Market Concentration Risk Description
MarketConcentrationRiskDescription
|
As of December 31, 2022 and 2021, the Company owned 78 properties and leases 1 property in 9 states, with 21 properties or 26.6% of its total properties located in Illinois (which include 4,327 skilled nursing beds or 41.50% of the Company’s total beds) and 15 properties or 19.0% of its total properties in Indiana (which include 1,388 skilled nursing beds or 13.3% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to, Centers for Medicare and Medicaid Services, and the Department of Health and Aging in all states in which the Company operates | |
CY2021Q4 | STRW |
Number Of Operational Beds
NumberOfOperationalBeds
|
68000 | integer |
CY2022 | us-gaap |
Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
The lease expires on March 1, 2028 and has two five-year renewal options | |
CY2022 | STRW |
Income Tax Description
IncomeTaxDescription
|
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years | |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
25507000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
25922000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
633749000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
632036000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
194838000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
169308000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
438911000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
462728000 | usd |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
55900000 | usd |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-38212000 | usd |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
17688000 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3028000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
55900000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-41240000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
14660000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
55900000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-41240000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
14660000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3028000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
55900000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-44268000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
11632000 | usd |
CY2022Q4 | STRW |
Cumulative Number Of Properties
CumulativeNumberOfProperties
|
79 | integer |
CY2021Q4 | STRW |
Cumulative Number Of Properties
CumulativeNumberOfProperties
|
79 | integer |
CY2022Q4 | STRW |
Cumulative Number Of Properties
CumulativeNumberOfProperties
|
79 | integer |
CY2021Q4 | STRW |
Cumulative Number Of Properties
CumulativeNumberOfProperties
|
79 | integer |
CY2022Q4 | STRW |
Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
|
10332 | integer |
CY2021Q4 | STRW |
Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
|
10336 | integer |
CY2022Q4 | STRW |
Number Of Operational Units
NumberOfOperationalUnits
|
10332 | integer |
CY2022Q4 | STRW |
Owned By Company Units
OwnedByCompanyUnits
|
78 | integer |
CY2022Q4 | STRW |
Leased By Company Units
LeasedByCompanyUnits
|
1 | integer |
CY2022Q4 | STRW |
Total Operational Units
TotalOperationalUnits
|
79 | integer |
CY2022Q4 | STRW |
Number Of Operational Units
NumberOfOperationalUnits
|
10332 | integer |
CY2022Q4 | STRW |
Owned By Company Units
OwnedByCompanyUnits
|
78 | integer |
CY2022Q4 | STRW |
Leased By Company Units
LeasedByCompanyUnits
|
1 | integer |
CY2022Q4 | STRW |
Total Operational Units
TotalOperationalUnits
|
79 | integer |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
83312000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
84815000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
75152000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
56159000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
56453000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
186099000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
541990000 | usd |
CY2022Q4 | STRW |
Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
|
1000 | integer |
CY2021Q4 | STRW |
Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
|
1000 | integer |
CY2022Q4 | STRW |
Number Of Operational Beds
NumberOfOperationalBeds
|
68000 | integer |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
392000 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
375000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1833000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2064000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1833000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2064000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y3M | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P6Y3M | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.041 | pure |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.041 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
395000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
395000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
395000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
395000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
395000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
69000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
2044000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
211000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1833000 | usd |
CY2022 | us-gaap |
Payments For Rent
PaymentsForRent
|
203500 | usd |
CY2021 | us-gaap |
Payments For Rent
PaymentsForRent
|
198000 | usd |
CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
194838000 | usd |
CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
169308000 | usd |
CY2022Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
438911000 | usd |
CY2021Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
462728000 | usd |
CY2022Q4 | srt |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
439750388 | usd |
CY2022Q4 | STRW |
Notes Payable Gross
NotesPayableGross
|
456791000 | usd |
CY2021Q4 | STRW |
Notes Payable Gross
NotesPayableGross
|
504177000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1376000 | usd |
CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
2377000 | usd |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
455415000 | usd |
CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
501800000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
28219000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
25793000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
15570000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
57373000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
94747000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
235089000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
456791000 | usd |
CY2022Q4 | STRW |
Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
|
40 | integer |
CY2021Q4 | STRW |
Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
|
42 | integer |
CY2021Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
1400000 | usd |
CY2022Q4 | STRW |
Straightline Rent Receivable
StraightlineRentReceivable
|
11591000 | usd |
CY2021Q4 | STRW |
Straightline Rent Receivable
StraightlineRentReceivable
|
15261000 | usd |
CY2022Q4 | us-gaap |
Replacement Reserve Escrow
ReplacementReserveEscrow
|
10227000 | usd |
CY2021Q4 | us-gaap |
Replacement Reserve Escrow
ReplacementReserveEscrow
|
10331000 | usd |
CY2022Q4 | us-gaap |
Notes Receivable Related Parties
NotesReceivableRelatedParties
|
7816000 | usd |
CY2021Q4 | us-gaap |
Notes Receivable Related Parties
NotesReceivableRelatedParties
|
8521000 | usd |
CY2022 | us-gaap |
Proceeds From Rents Received
ProceedsFromRentsReceived
|
54386000 | usd |
CY2021 | us-gaap |
Proceeds From Rents Received
ProceedsFromRentsReceived
|
61310000 | usd |
CY2022Q2 | srt |
Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
|
0.07 | pure |
CY2022Q2 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
8000000 | usd |
CY2022 | STRW |
Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
|
7062000 | usd |
CY2021 | STRW |
Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
|
9736000 | usd |
CY2022 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
14071000 | usd |
CY2021 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
11543000 | usd |
CY2022 | STRW |
Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
|
80000 | usd |
CY2021 | STRW |
Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
|
91000 | usd |
CY2022 | STRW |
Other Financing Expenses Including Related Parties Net
OtherFinancingExpensesIncludingRelatedPartiesNet
|
95000 | usd |
CY2021 | STRW |
Other Financing Expenses Including Related Parties Net
OtherFinancingExpensesIncludingRelatedPartiesNet
|
354000 | usd |
CY2022 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
21308000 | usd |
CY2021 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
21724000 | usd |
CY2022 | STRW |
Financing Income Expense
FinancingIncomeExpense
|
801000 | usd |
CY2021 | STRW |
Financing Income Expense
FinancingIncomeExpense
|
463000 | usd |
CY2022 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
20507000 | usd |
CY2021 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
21261000 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
60009905 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
518740118 | usd |
CY2022Q4 | STRW |
Real Estate And Accumulated Depreciation Initial Cost Of Furniture Fixtures And Equipment
RealEstateAndAccumulatedDepreciationInitialCostOfFurnitureFixturesAndEquipment
|
54998977 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
60009905 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
372793563 | usd |
CY2022Q4 | STRW |
Real Estate And Accumulated Depreciation Carrying Amount Of Furniture Fixtures And Equipment
RealEstateAndAccumulatedDepreciationCarryingAmountOfFurnitureFixturesAndEquipment
|
6107811 | usd |
CY2022Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
438911279 | usd |
CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
194837721 | usd |
CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
632036000 | usd |
CY2020Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
550971000 | usd |
CY2022 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
1713000 | usd |
CY2021 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
81065000 | usd |
CY2022Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
633749000 | usd |
CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
632036000 | usd |
CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
169308000 | usd |
CY2020Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
144848000 | usd |
CY2022 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
25530000 | usd |
CY2021 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
24460000 | usd |