Investments in Real Estate-Related Assets (Tables)

9 Months Ended

Sep. 30, 2022

Real Estate [Abstract]

Information about Properties Relating to Location, Rentable Square Feet, and Annualized Rental Income

The results of operations for the Company’s investments in real estate-related assets for the three and nine months ended September 30, 2022 and September 30, 2021 are summarized below:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
Station DST	2022			2021			2022			2021
Revenues	$	1,863,705		$	1,663,653		$	5,434,679		$	5,163,181
Operating expenses	$	(1,536,812	)		(440,935	)	$	(7,130,689	)		(1,377,336	)
Other expenses, net	$	(418,048	)		(1,157,106	)	$	(1,240,797	)		(3,470,166	)
Net income (loss)	$	(91,155	)	$	65,612		$	(2,936,807	)	$	315,679
Net income (loss) attributable to the Company(1)	$	82,140		$	9,842		$	(440,521	)	$	(76,208	)

Note: (1) Represents the Company’s allocable share of net income based on the Company’s ownership interest in the underlying investment in real estate-related assets and is included within Income from investments in real-estate related assets on the Company’s unaudited consolidated statements of operations.