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Real Estate Assets
9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Real Estate Assets

3. REAL ESTATE ASSETS

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

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Land

 

$

6,122,065

 

 

$

6,122,065

 

Buildings, improvements, and equipment

 

 

60,977,937

 

 

 

60,915,497

 

Self storage properties

 

 

67,100,002

 

 

 

67,037,562

 

Less: Accumulated depreciation

 

 

(12,781,632

)

 

 

(11,556,342

)

Real estate assets, net

 

$

54,318,370

 

 

$

55,481,220