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Real Estate Assets
3 Months Ended
Mar. 31, 2023
Real Estate [Abstract]  
Real Estate Assets

3. REAL ESTATE ASSETS

The carrying value of the Company’s real estate assets is summarized as follows

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Land

 

$

6,122,065

 

 

$

6,122,065

 

Buildings, improvements, and equipment

 

 

60,794,002

 

 

 

60,684,393

 

Self storage properties

 

 

66,916,067

 

 

 

66,806,458

 

Less: Accumulated depreciation

 

 

(10,329,139

)

 

 

(9,922,298

)

Real estate assets, net

 

$

56,586,928

 

 

$

56,884,160