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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ 21,669,452 $ (19,564,718) $ (51,206,803)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 64,618,533 53,368,611 42,071,743
Change in deferred tax liability (1,073,318) (2,025,869) (5,926,732)
Accretion of fair market value adjustment of secured debt (35,738) (110,942) (130,682)
Amortization of debt issuance costs 2,594,163 1,676,309 3,586,381
Equity based compensation expense 3,968,494 2,907,808 1,738,873
Contingent earnout adjustment 1,514,447 12,619,744 (2,500,000)
Equity in loss of unconsolidated entities 1,690,205 1,050,250 0
Unrealized foreign currency and derivative (gains) losses 8,496,914 467,989 (93,878)
Net loss on extinguishment of debt 2,393,475 2,444,788 0
Gain on equity interests upon acquisition (16,101,237)   0
Write-off of equity interest and preexisting relationships upon acquisition of control 2,049,682 8,389,573 0
Gain on deconsolidation of SST VI OP 0 (169,533) 0
Gain on sale of real estate 0 (178,631) 0
Impairment of goodwill and intangible assets 0 0 36,465,732
Impairment of investments in Managed REITs 0 0 4,376,879
Increase (decrease) in cash from changes in assets and liabilities:      
Other assets, net (780,731) (1,367,439) (1,170,734)
Purchase of SOFR interest rate caps (6,053,700) 0 0
Accounts payable and accrued liabilities 3,293,359 99,039 298,510
Managed REITs receivables (315,672) (304,468) (428,284)
Due to affiliates (18,351) (537,527) (311,134)
Net cash provided by operating activities 87,909,977 58,764,984 26,769,871
Cash flows from investing activities:      
Purchase of real estate (72,512,886) (64,585,072) (612,892)
Additions to real estate (10,415,161) (10,288,805) (14,946,580)
Deposits on acquisition of real estate (1,384,665) (340,000) (298,317)
Redemption of preferred equity investment in SSGT II 0 13,500,000 19,000,000
Settlement of foreign currency hedges designated for hedge accounting 0 (3,190,899) 398,951
Investments in Managed REITs (5,003,000) 0 0
Investments in unconsolidated real estate entities, net (4,822,869) (5,795,399) 0
Deconsolidation of SST VI OP 0 (3,011,368) 0
SST VI OP repayment of debt 0 5,600,000 0
SSGT III Mezzanine Loan repayment 42,000,000 0 0
Purchase of other investments 0 (1,967,476) 0
Net proceeds from the sale of real estate 228,146 256,237 0
Settlement of company owned life insurance 0 2,894,561 0
Purchase of foreign currency hedge 0 0 0
Net cash used in investing activities (205,151,158) (120,214,731) (28,958,838)
Cash flows from financing activities:      
Gross proceeds from issuance of non-revolver debt 150,000,000 271,675,995 341,717
Proceeds from issuance of revolver debt 318,000,000 246,505,250 0
Repayment of revolver debt (183,000,000) (15,000,000) 0
Repayment of non-revolver debt (86,237,235) (422,190,754) 0
Scheduled principal payments on non-revolver debt (2,512,634) (1,294,637) (701,136)
Debt issuance costs (2,081,854) (6,970,064) (4,537)
Debt defeasance costs (2,544,346) (525,467) 0
Offering costs (601,345) (971,752) (656,524)
Redemption of common stock (1,763,338) (4,622,000) (1,708,305)
Gross proceeds from issuance of equity in SST VI OP 0 4,015,815 0
Offering costs related to issuance of equity in SST VI OP 0 (373,067) 0
Gross proceeds from issuance of equity in other non controlling interests 1,000 0 0
Distributions paid to preferred stockholders (12,500,000) (12,277,935) (8,786,655)
Distributions paid to common stockholders (49,391,782) (26,157,045) (19,160,171)
Distributions paid to noncontrolling interest in our OP (7,301,215) (6,139,772) (5,514,994)
Gross proceeds from issuance of preferred stock 0 0 50,000,000
Preferred stock issuance costs 0 0 (70,057)
Net cash provided by financing activities 120,067,251 25,674,567 13,739,338
Impact of foreign exchange rate changes on cash and restricted cash (1,474,040) (196,135) 536,182
Change in cash, cash equivalents, and restricted cash 1,352,030 (35,971,315) 12,086,553
Cash, cash equivalents, and restricted cash beginning of year 44,686,361 80,657,676 68,571,123
Cash, cash equivalents, and restricted cash end of year 46,038,391 44,686,361 80,657,676
Supplemental disclosures and non-cash transactions:      
Cash paid for interest 36,523,574 27,220,673 32,834,244
Supplemental disclosure of noncash activities:      
Issuance of shares pursuant to distribution reinvestment plan 5,243,398 19,564,929 15,954,081
Distributions payable 9,324,453 8,360,420 6,650,317
Conversion of A-2 Units into A-1 Units 31,514,447 11,219,744 0
Redemption of common stock included in accounts payable and accrued liabilities 0 1,676,874 732,725
Deposit applied to the purchase of real estate 190,000 156,940 200,000
Real estate and construction in process included in accounts payable and accrued liabilities 515,898 19,056 248,845
Issuance of common stock and OP Units in connection with the mergers 168,791,577 231,412,470 0
Debt assumed in Merger 0 81,165,978 0
SST IV Merger      
Cash flows from investing activities:      
Mergers, net of cash acquired 0 (46,486,510) 0
SSGT II Merger      
Cash flows from investing activities:      
Mergers, net of cash acquired (65,540,723) 0 0
SST VI Mezzanine      
Cash flows from investing activities:      
Mezzanine loan funding (28,200,000) (6,800,000) 0
SSGT III Mezzanine      
Cash flows from investing activities:      
Mezzanine loan funding (59,500,000) 0 0
Preferred Stock      
Cash flows from investing activities:      
Purchase of SSGT II Preferred Units $ 0 $ 0 $ (32,500,000)