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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Assets    
Real estate assets, net $ 54,318,370 $ 55,481,220
Cash and cash equivalents 6,762,074 6,921,779
Restricted cash 165,060 106,767
Investments in securities 3,178,964 2,775,029
Accounts receivable 127,428 169,410
Prepaid expenses and other assets 803,115 629,196
Line of credit issuance costs, net 215,567 50,801
Interest rate cap 10,768 50,881
Goodwill 694,121 694,121
Total assets 66,275,467 66,879,204
Liabilities and equity    
Note payable, net 16,495,142 16,901,219
Accounts payable and accrued expenses 1,719,109 1,731,958
Total liabilities 18,214,251 18,633,177
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares outstanding
Common stock, $0.01 par value: 450,000,000 shares authorized; 11,267,253 shares and 11,153,513 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 112,673 111,535
Additional paid in capital 49,446,018 49,229,020
Accumulated deficit (1,497,475) (1,094,528)
Total stockholders' equity 48,061,216 48,246,027
Total liabilities and stockholders' equity $ 66,275,467 $ 66,879,204