Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Assets
Investment in real estate, net of accumulated depreciation of $94,669,711 and $88,012,426, respectively	$ 994,506,176	$ 955,084,021
Cash and cash equivalents	23,261,777	36,133,516
Restricted cash	9,598,236	8,531,907
Investments in real estate-related assets	5,535,582	5,614,394
Investment in infrastructure fund, at fair value	5,451,758	0
Intangible assets, net of accumulated amortization of $46,534,652 and $44,199,666 respectively	74,189,759	71,715,051
Operating lease right-of-use asset	16,185,215	16,207,976
Derivative assets, at fair value	7,046,911	8,472,572
Prepaid expenses and other assets	12,800,650	10,895,573
Deferred rent receivable	13,803,550	13,393,162
Total assets	1,162,379,614	1,126,048,172
Liabilities
Loans payable, net of deferred financing costs of $5,050,703 and $5,001,576, respectively	583,177,809	549,780,728
Intangible liabilities, net of accumulated amortization of $8,375,724 and $7,880,021, respectively	16,810,588	17,306,291
Operating lease liability	16,185,215	16,207,976
Distributions payable	2,023,438	1,935,518
Restricted reserves	7,761,665	11,808,310
Due to related parties	$ 17,315,945	$ 12,864,461
Other Liability, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Deferred revenue	$ 1,819,429	$ 2,007,940
Accrued interest payable	2,023,658	1,868,146
Accounts payable and accrued expenses	4,559,412	2,474,903
Total liabilities	651,677,159	616,254,273
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 March 31, 2025 and December 31, 2024
Additional paid-in capital	335,977,487	341,284,670
Retained earnings/accumulated deficit and cumulative distributions	(120,862,888)	(115,660,304)
Accumulated other comprehensive income/(loss)	593,714	748,843
Total controlling interest	215,831,746	226,499,336
Non-controlling interests in subsidiaries	294,870,709	283,294,563
Total stockholders' equity	510,702,455	509,793,899
Total liabilities and stockholders' equity	1,162,379,614	1,126,048,172
Class AX [Member]
Stockholders' equity
Common stock	33,430	35,341
Class TX [Member]
Stockholders' equity
Common stock	62	61
Class IX [Member]
Stockholders' equity
Common stock	11,260	11,297
Class T [Member]
Stockholders' equity
Common stock	14,180	14,373
Class S [Member]
Stockholders' equity
Common stock	54	71
Class D [Member]
Stockholders' equity
Common stock	5,549	5,626
Class I [Member]
Stockholders' equity
Common stock	$ 58,898	$ 59,358