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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Assets    
Investment in real estate, net of accumulated depreciation of $38,540,964 and $18,256,155, respectively $ 922,493,164 $ 609,708,084
Cash and cash equivalents 27,642,348 15,361,059
Restricted cash 10,891,073 3,665,085
Investments in real estate-related assets 30,622,470 31,458,326
Intangible assets, net of accumulated amortization of $23,812,044 and $10,903,590, respectively 85,131,169 61,583,894
Operating lease right-of-use asset 16,383,138 16,466,271
Derivative assets, at fair value 9,020,255  
Prepaid expenses and other assets 9,925,732 5,701,723
Deferred rent receivable 9,251,165 5,716,375
Due from related party 576,257 415,835
Stock subscriptions receivable 0 419,684
Accrued preferred return receivable   81,018
Accrued income from mezzanine loan investment   72,498
Total assets 1,121,936,771 750,649,852
Liabilities    
Loans payable, net of deferred financing costs of $4,927,048 and $3,798,470, respectively 461,841,386 356,088,714
Intangible liabilities, net of accumulated amortization of $3,914,404 and $2,201,745, respectively 21,271,908 9,285,256
Operating lease liability 16,383,138 16,466,271
Distributions payable 6,849,076 6,311,100
Restricted reserves 7,850,305 3,932,628
Due to related parties 6,496,398 2,109,833
Deferred revenue 1,233,788 1,404,670
Accrued interest payable 1,649,465 802,286
Accounts payable and accrued expenses 3,031,670 149,792
Derivative liabilities, at fair value   157,709
Total liabilities 526,607,134 396,708,259
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 December 31, 2022 and December 31, 2021
Additional paid-in capital 389,390,600 238,954,331
Retained earnings/accumulated deficit and cumulative distributions (55,143,655) (30,111,852)
Accumulated other comprehensive income/(loss) 902,026 (15,771)
Total controlling interest 335,301,055 208,921,765
Non-controlling interests in subsidiaries 260,028,582 145,019,828
Total stockholders' equity 595,329,637 353,941,593
Total liabilities and stockholders' equity 1,121,936,771 750,649,852
Class AX [Member]    
Stockholders' equity    
Common stock 38,643 34,412
Class TX [Member]    
Stockholders' equity    
Common stock 7,198 13,191
Class IX [Member]    
Stockholders' equity    
Common stock 12,222 12,030
Class T [Member]    
Stockholders' equity    
Common stock 12,809 5,551
Class S [Member]    
Stockholders' equity    
Common stock 69 44
Class D [Member]    
Stockholders' equity    
Common stock 5,318 2,756
Class I [Member]    
Stockholders' equity    
Common stock $ 75,825 $ 27,073