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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Rental revenues $ 58,158,010 $ 30,225,535
Preferred return income 967,092 953,926
Income from mezzanine loan investment 1,031,618 1,017,379
Other property operating revenues 12,686,416 4,148,797
Total revenues 72,843,136 36,345,637
Operating expenses (income):    
General and administrative expenses 5,782,392 1,578,878
Depreciation and amortization 32,970,085 16,311,832
Management fees 5,690,513 2,843,044
Property operating expenses 22,844,882 9,667,741
Total operating expenses 67,287,872 30,401,495
Other income (expense):    
Income/(loss) from investments in real estate-related assets (475,390) (95,813)
Interest income 183,934 10,511
Interest expense (16,672,076) (8,795,368)
Total other income (expense) (16,963,532) (8,880,670)
Net income (loss) (11,408,268) (2,936,528)
Net income (loss) attributable to non-controlling interest (6,396,047) (2,239,407)
Net income (loss) attributable to common stockholders $ (5,012,221) $ (697,121)
Weighted average shares outstanding, Basic 13,167,528 7,811,955
Weighted average shares outstanding, Diluted 13,167,528 7,811,955
Net income (loss) per common share - basic $ (0.38) $ (0.09)
Net income (loss) per common share - diluted $ (0.38) $ (0.09)