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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental revenues $ 17,331,507 $ 15,501,095 $ 34,350,474 $ 27,814,428
Preferred return income 244,393 241,111 486,100 479,572
Income from mezzanine loan investment 260,748 257,245 518,438 511,472
Other property operating revenues 4,804,130 1,413,279 8,557,339 2,761,859
Total revenues 22,640,778 17,412,730 43,912,351 31,567,331
Operating expenses (income):        
General and administrative expenses 64,581 344,496 4,959,092 4,411,490
Depreciation and amortization 8,472,369 8,027,154 17,209,486 14,926,290
Management fees 1,765,866 1,325,729 3,530,330 2,454,943
Property operating expenses 9,142,736 4,696,503 16,811,429 8,448,077
Total operating expenses 19,445,552 14,393,882 42,510,337 30,240,800
Other income (expense):        
Income/(loss) from investments in real estate-related assets 41,134 (57,381) 49,482 (426,848)
Interest income 303,984 7,769 579,897 11,365
Interest expense (5,261,122) (4,095,697) (10,401,545) (6,908,024)
Total other income (expense) (4,916,004) (4,145,309) (9,772,166) (7,323,507)
Net income (loss) (1,720,778) (1,126,461) (8,370,152) (5,996,976)
Net income (loss) attributable to non-controlling interest (929,486) (982,458) (2,204,019) (2,197,601)
Net income (loss) attributable to common stockholders $ (791,292) $ (144,003) $ (6,166,133) $ (3,799,375)
Weighted average shares outstanding, basic 15,823,458 12,723,862 15,754,656 11,745,861
Weighted average shares outstanding,diluted 15,823,458 12,723,862 15,754,656 11,745,861
Net income (loss) per common share - basic $ (0.05) $ (0.01) $ (0.39) $ (0.32)
Net income (loss) per common share - diluted $ (0.05) $ (0.01) $ (0.39) $ (0.32)