Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Assets
Investment in real estate, net of accumulated depreciation of $88,012,426 and $62,780,887, respectively	$ 955,084,021	$ 941,343,574
Cash and cash equivalents	36,133,516	30,386,460
Restricted cash	8,531,907	9,506,260
Investments in real estate-related assets	5,614,394	30,290,674
Investment in debt securities, at fair value	0	9,219,200
Intangible assets, net of accumulated amortization of $44,199,666 and $34,745510 respectively	71,715,051	75,201,703
Operating lease right-of-use asset	16,207,976	16,297,074
Derivative assets, at fair value	8,472,572	7,556,416
Prepaid expenses and other assets	10,895,573	12,125,637
Deferred rent receivable	13,393,162	11,575,495
Total assets	1,126,048,172	1,143,502,493
Liabilities
Loans payable, net of deferred financing costs of $5,001,576 and $4,598,656, respectively	549,780,728	529,169,778
Intangible liabilities, net of accumulated amortization of $7,880,021 and $5,897,213, respectively	17,306,291	19,289,099
Operating lease liability	16,207,976	16,297,074
Distributions payable	1,935,518	1,931,977
Restricted reserves	11,808,310	10,716,532
Due to related parties	$ 12,864,461	$ 5,776,223
Other Liability, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Deferred revenue	$ 2,007,940	$ 1,937,965
Accrued interest payable	1,868,146	1,932,231
Accounts payable and accrued expenses	2,474,903	4,945,235
Total liabilities	616,254,273	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 December 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	341,284,670	376,712,427
Retained earnings/accumulated deficit and cumulative distributions	(115,660,304)	(85,445,999)
Accumulated other comprehensive income/(loss)	748,843	755,642
Total controlling interest	226,499,336	292,168,410
Non-controlling interests in subsidiaries	283,294,563	259,337,969
Total stockholders' equity	509,793,899	551,506,379
Total liabilities and stockholders' equity	1,126,048,172	1,143,502,493
Class AX [Member]
Stockholders' equity
Common stock	35,341	38,489
Class TX [Member]
Stockholders' equity
Common stock	61	1,789
Class IX [Member]
Stockholders' equity
Common stock	11,297	11,785
Class T [Member]
Stockholders' equity
Common stock	14,373	14,626
Class S [Member]
Stockholders' equity
Common stock	71	71
Class D [Member]
Stockholders' equity
Common stock	5,626	6,447
Class I [Member]
Stockholders' equity
Common stock	$ 59,358	$ 73,133