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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental revenues $ 17,330,005 $ 9,147,449 $ 45,144,433 $ 19,739,260
Preferred return income 497,409 240,441 1,124,978 713,484
Income from mezzanine loan investment 260,073 256,532 771,545 761,039
Other property operating revenues 2,252,930 1,137,744 5,014,789 2,613,987
Total revenues 20,340,417 10,782,166 52,055,745 23,827,770
Operating expenses (income):        
General and administrative expenses 955,092 173,978 5,366,582 333,486
Depreciation and amortization 8,726,798 4,903,917 23,653,088 10,390,232
Management fees 1,537,186 740,212 3,992,129 1,921,679
Property operating expenses 7,154,108 2,870,389 15,602,185 5,688,124
Total operating expenses 18,373,184 8,688,496 48,613,984 18,333,521
Other income (expense):        
Income/(loss) from investments in real estate-related assets (13,673) 9,842 (440,521) (76,208)
Interest income 31,830 1,665 43,195 8,548
Interest expense (4,813,811) (2,699,134) (11,869,832) (5,672,994)
Total other income (expense) (4,795,654) (2,687,627) (12,267,158) (5,740,654)
Net income (loss) (2,828,421) (593,957) (8,825,397) (246,405)
Net income (loss) attributable to non-controlling interest (1,746,010) (496,260) (3,943,611) (992,001)
Net income (loss) attributable to common stockholders $ (1,082,411) $ (97,697) $ (4,881,786) $ 745,596
Weighted average shares outstanding, basic 14,124,372 8,185,243 12,547,410 7,369,463
Weighted average shares outstanding,diluted 14,124,372 8,185,243 12,547,410 7,369,463
Net income (loss) per common share - basic $ (0.08) $ (0.01) $ (0.39) $ 0.10
Net income (loss) per common share - diluted $ (0.08) $ (0.01) $ (0.39) $ 0.10