Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Assets
Investment in real estate, net of accumulated depreciation of $75,261,086 and $62,780,887, respectively	$ 930,547,612	$ 941,343,574
Cash and cash equivalents	25,472,948	30,386,460
Restricted cash	9,172,199	9,506,260
Investments in real estate-related assets	30,164,758	30,290,674
Investment in debt securities, at fair value	0	9,219,200
Intangible assets, net of accumulated amortization of $39,778,246 and $34,745,510 respectively	70,168,967	75,201,703
Operating lease right-of-use asset	16,252,911	16,297,074
Derivative assets, at fair value	8,738,825	7,556,416
Prepaid expenses and other assets	11,055,737	12,125,637
Deferred rent receivable	12,498,113	11,575,495
Total assets	1,114,072,070	1,143,502,493
Liabilities
Loans payable, net of deferred financing costs of $4,133,382 and $4,598,656, respectively	541,635,052	529,169,778
Intangible liabilities, net of accumulated amortization of $6,888,617 and $5,897,213, respectively	18,297,695	19,289,099
Operating lease liability	16,252,911	16,297,074
Distributions payable	1,736,463	1,931,977
Due to related parties	$ 10,409,380	$ 5,776,223
Other Liability, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Restricted reserves	$ 8,918,730	$ 10,716,532
Deferred revenue	1,947,065	1,937,965
Accrued interest payable	1,826,570	1,932,231
Accounts payable and accrued expenses	3,611,790	4,945,235
Total liabilities	604,635,656	591,996,114
Commitments and contingencies (Note 13)	0	0
Stockholders' equity
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each June 30, 2024 and December 31, 2023
Additional paid-in capital	355,049,115	376,712,427
Retained earnings/accumulated deficit and cumulative distributions	(98,396,716)	(85,445,999)
Accumulated other comprehensive income/(loss)	873,883	755,642
Total controlling interest	257,662,773	292,168,410
Non-controlling interests in subsidiaries	251,773,641	259,337,969
Total stockholders' equity	509,436,414	551,506,379
Total liabilities and stockholders' equity	1,114,072,070	1,143,502,493
Class AX [Member]
Stockholders' equity
Common stock	38,323	38,489
Class TX [Member]
Stockholders' equity
Common stock	269	1,789
Class IX [Member]
Stockholders' equity
Common stock	11,672	11,785
Class T [Member]
Stockholders' equity
Common stock	14,694	14,626
Class S [Member]
Stockholders' equity
Common stock	70	71
Class D [Member]
Stockholders' equity
Common stock	6,114	6,447
Class I [Member]
Stockholders' equity
Common stock	$ 65,349	$ 73,133