Debt - Additional Information (Detail) |
6 Months Ended | |||||||||||||||
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Jul. 31, 2024
USD ($)
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Apr. 10, 2024
USD ($)
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Aug. 31, 2018
USD ($)
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Feb. 23, 2018
USD ($)
Property
Loan
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Jun. 28, 2017
USD ($)
|
Jun. 30, 2025
USD ($)
Loan
Property
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Jun. 30, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
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| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 103,263,962 | $ 104,112,955 | ||||||||||||||
| Debt instrument, covenant compliance | As of June 30, 2025, we were in compliance with these covenants. | |||||||||||||||
| Repayment of secured debt | $ 920,043 | $ 861,188 | ||||||||||||||
| Freddie Mac Utah Loans [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 46,900,000 | |||||||||||||||
| Debt term | 10 years | |||||||||||||||
| Loan maturity date | [1] | Feb. 23, 2028 | ||||||||||||||
| Debt instrument, initial interest rate | 5.06% | 5.06% | [1] | |||||||||||||
| Description of guarantees | We serve as non-recourse guarantors pursuant to the terms and conditions of the Freddie Mac Utah Loans. We are required to maintain a net worth (as defined in the agreements) equal to or greater than $15 million and subsequent to the repayment of the Utah Bridge Loan, a liquidity requirement equal to or greater than $3 million. As of June 30, 2025, we were in compliance with these covenants. | |||||||||||||||
| Number of property-owning special purpose entities | Property | 3 | |||||||||||||||
| Number of mortgage loans | Loan | 3 | 3 | ||||||||||||||
| Debt instrument, interest payment period | 2 years | 2 years | ||||||||||||||
| Amortization period | 30 years | 30 years | ||||||||||||||
| Freddie Mac Utah Loans [Member] | Minimum [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Non-recourse guaranty expiry threshold net worth | $ 15,000,000 | |||||||||||||||
| Non-recourse guaranty expiry threshold liquidity. | $ 3,000,000 | |||||||||||||||
| Fayetteville Mortgage Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 34,500,000 | |||||||||||||||
| Loan maturity date | Jun. 28, 2017 | |||||||||||||||
| Debt instrument, initial interest rate | 2.25% | |||||||||||||||
| Notional amount | $ 34,500,000 | $ 34,500,000 | [2] | |||||||||||||
| Debt instrument, cap interest rate | 4.25% | |||||||||||||||
| Debt instrument interest rate | 6.50% | |||||||||||||||
| Description of guarantees | We and H. Michael Schwartz, our Chairman of the board of directors and a director (our “Chairman”), served as non-recourse guarantors pursuant to the terms and conditions of the Fayetteville Mortgage Loan pursuant to a guaranty agreement entered into in connection with the Fayetteville Mortgage Loan (the “Guaranty Agreement”). | |||||||||||||||
| Repayment of secured debt | $ 29,500,000 | |||||||||||||||
| Initial term | 1 year | |||||||||||||||
| Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||||||||||||||
| Freddie Mac Courtyard Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 63,200,000 | |||||||||||||||
| Debt term | 10 years | |||||||||||||||
| Loan maturity date | [3] | Sep. 01, 2028 | ||||||||||||||
| Debt instrument, initial interest rate | 4.86% | 4.86% | [3] | |||||||||||||
| Description of guarantees | We serve as non-recourse guarantors pursuant to the terms and conditions of the Freddie Mac Courtyard Loan. The Freddie Mac Courtyard Loan has an annual certification requirement for a net worth (as defined in the agreements) equal to or greater than $18.96 million and an initial liquidity requirement equal to or greater than $6.32 million. In accordance with the terms of the loan, when the KeyBank Bridge Loans were repaid in full on July 31, 2024 in conjunction with the sale of the Fayetteville property, the liquidity requirement was reduced to $4.8 million. We are able to further reduce each of the foregoing liquidity requirements by an additional amount equal to the amount of the 12-month trailing cash flows of all our properties, up to a maximum reduction of $1.5 million. As of June 30, 2025, we were in compliance with these covenants. | |||||||||||||||
| Debt instrument, interest payment period | 4 years | 4 years | ||||||||||||||
| Amortization period | 30 years | 30 years | ||||||||||||||
| Freddie Mac Courtyard Loan [Member] | Minimum [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Non-recourse guaranty expiry threshold net worth | $ 18,960,000 | |||||||||||||||
| Non-recourse guaranty expiry threshold liquidity. | 6,320,000 | |||||||||||||||
| Freddie Mac Courtyard Loan [Member] | Maximum [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Non-recourse guaranty expiry threshold liquidity. | 1,500,000 | |||||||||||||||
| Courtyard Bridge Loans [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Non-recourse guaranty expiry threshold liquidity. | $ 4,800,000 | |||||||||||||||
| Number of memory care units expected to be completed in property acquisition | Property | 23 | |||||||||||||||
| KeyBank Utah Bridge Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 24,500,000 | |||||||||||||||
| Courtyard Initial Bridge Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Debt instrument, initial loan amount | $ 27,000,000 | |||||||||||||||
| Courtyard Delayed Draw Commitment [Member] | Maximum [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Delayed draw commitment, amount | $ 14,000,000 | |||||||||||||||
| Fayetteville Property [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Sale of property | $ 72,250,000 | |||||||||||||||
| Fayetteville Property [Member] | JPM Mortgage Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||
| Secured debt | $ 29,500,000 | |||||||||||||||
| Debt term | 7 years | |||||||||||||||
| Loan maturity date | Jul. 01, 2024 | |||||||||||||||
| Debt instrument, initial interest rate | 4.20% | |||||||||||||||
| Loan prepayment period after written notice | 30 days | |||||||||||||||
| Zero prepayment penalty period | 90 days | |||||||||||||||
| Description of guarantees | We and H. Michael Schwartz, our Chairman of the board and a director (our “Chairman”), served as non-recourse guarantors pursuant to the terms and conditions of the Fayetteville JPM Mortgage Loan. | |||||||||||||||
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