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Concentration of Credit Risk
12 Months Ended
Dec. 31, 2020
Risks And Uncertainties [Abstract]  
Concentration of Credit Risk

15.

Concentration of Credit Risk

For the years ended December 31, 2020, 2019 and 2018, the Company had a geographical concentration accounting for 10% or more of its total revenues, excluding the properties classified as discontinued operations, as follows:

 

 

Type of

 

Years Ended December 31,

 

Concentration

 

2020

 

2019

 

2018

State of Texas (1)

Geographical

 

21.0

%

 

20.5

%

 

20.4

%

 

FOOTNOTE:

 

(1)

Includes rental income and related revenues and resident fees and services.  Adverse economic developments in this geographical area could significantly impact the Company’s results of operations and cash flows from operations, which in turn would impact its ability to pay debt service and make distributions to stockholders.