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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Assets    
Investment in real estate, net of accumulated depreciation of $32,653,167 and $18,256,155, respectively $ 925,864,207 $ 609,708,084
Cash and cash equivalents 33,731,533 15,361,059
Restricted cash 6,652,511 3,665,085
Investments in real estate-related assets 30,691,751 31,458,326
Intangible assets, net of accumulated amortization of $20,327,050 and $10,903,590, respectively 88,616,164 61,583,894
Operating lease right-of-use asset 16,404,192 16,466,271
Prepaid expenses and other assets 10,251,151 5,701,723
Deferred rent receivable 8,572,450 5,716,375
Derivative assets, at fair value 9,357,523  
Due from related party 651,317 415,835
Stock subscriptions receivable 0 419,684
Accrued preferred return receivable   81,018
Accrued income from mezzanine loan investment   72,498
Total assets 1,130,792,799 750,649,852
Liabilities    
Loans payable, net of deferred financing costs of $5,154,201 and $3,798,470, respectively 476,964,233 356,088,714
Intangible liabilities, net of accumulated amortization of $3,418,701 and $2,201,745, respectively 21,767,611 9,285,256
Operating lease liability 16,404,192 16,466,271
Distributions payable 10,023,341 6,311,100
Due to related parties 6,593,841 2,109,833
Restricted reserves 7,142,982 3,932,628
Deferred revenue 1,732,440 1,404,670
Accrued interest payable 1,522,363 802,286
Accounts payable and accrued expenses 1,202,371 149,792
Derivative liabilities, at fair value   157,709
Total liabilities 543,353,374 396,708,259
Commitments and contingencies (Note 12) 0
Stockholders' equity    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each September 30, 2022 and December 31, 2021
Additional paid-in capital 369,341,502 238,954,331
Retained earnings/accumulated deficit and cumulative distributions (49,251,677) (30,111,852)
Accumulated other comprehensive income/(loss) 935,752 (15,771)
Total controlling interest 321,170,074 208,921,765
Non-controlling interests in subsidiaries 266,269,351 145,019,828
Total stockholders' equity 587,439,425 353,941,593
Total liabilities and stockholders' equity 1,130,792,799 750,649,852
Class AX [Member]    
Stockholders' equity    
Common stock 37,575 34,412
Class TX [Member]    
Stockholders' equity    
Common stock 8,774 13,191
Class IX [Member]    
Stockholders' equity    
Common stock 12,171 12,030
Class T [Member]    
Stockholders' equity    
Common stock 10,843 5,551
Class S [Member]    
Stockholders' equity    
Common stock 67 44
Class D [Member]    
Stockholders' equity    
Common stock 4,561 2,756
Class I [Member]    
Stockholders' equity    
Common stock $ 70,506 $ 27,073