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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Real estate revenue $ 21,463,000 $ 15,147,000
Resident fees and services 16,081,000 10,695,000
Total revenues 37,544,000 25,842,000
Expenses:    
Rental expenses 5,822,000 3,981,000
Property operating expenses 13,017,000 8,465,000
General and administrative 4,448,000 4,190,000
Acquisition related expenses 9,000 118,000
Depreciation and amortization 12,530,000 16,078,000
Total expenses 35,826,000 32,832,000
Other income (expense):    
Interest expense (including amortization of deferred financing costs and debt discount/premium) (5,310,000) (3,585,000)
Loss in fair value of derivative financial instruments (4,605,000) (1,978,000)
Income from unconsolidated entity 255,000 126,000
Other income 9,000 69,000
Loss before income taxes (7,933,000) (12,358,000)
Income tax expense 0 (3,000)
Net loss (7,933,000) (12,361,000)
Less: net loss attributable to noncontrolling interests 167,000 25,000
Net loss attributable to controlling interest $ (7,766,000) $ (12,336,000)
Net loss per Class T and Class I common share attributable to controlling interest — basic and diluted $ (0.10) $ (0.16)
Weighted average number of Class T and Class I common shares outstanding — basic and diluted 80,301,650 75,105,471