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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Assets    
Investment in real estate, net of accumulated depreciation of $7,512,150 and $4,275,639, respectively $ 155,868,888 $ 159,105,399
Cash and cash equivalents 36,782,307 17,305,001
Investments in real estate-related assets 24,400,000 24,400,000
Intangible assets, net of accumulated amortization of $3,552,143 and $1,876,930, respectively 19,134,522 20,809,735
Deferred rent receivable 1,653,321 1,225,863
Prepaid expenses and other assets 459,763 461,251
Due from related party 275,514 49,910
Accrued preferred return receivable 77,323  
Accrued income from mezzanine loan investment 68,940  
Stock subscriptions receivable 0 261,038
Total assets 238,720,578 223,618,197
Liabilities    
Loans payable, net of deferred financing costs of $784,028 and $841,615, respectively 83,361,156 83,303,569
Intangible liabilities, net of accumulated amortization of $1,052,491 and $416,574, respectively 8,012,825 8,648,742
Due to related parties 1,682,579 2,057,181
Distributions payable 762,558 668,092
Deferred revenue 476,223 561,056
Accounts payable and accrued expenses 381,877 16,384
Restricted reserves 269,015 33,124
Accrued interest payable 262,649 273,200
Total liabilities 95,208,882 95,561,348
Stockholders' equity    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each September 30, 2020 and December 31, 2019
Additional paid-in capital 156,236,709 135,507,823
Retained earnings/accumulated deficit and cumulative distributions (15,772,727) (10,543,287)
Total controlling interest 140,525,899 125,017,931
Non-controlling interests in subsidiaries 2,985,797 3,038,918
Total stockholders' equity 143,511,696 128,056,849
Total liabilities and stockholders' equity 238,720,578 223,618,197
Class T [Member]    
Stockholders' equity    
Common stock 41  
Total stockholders' equity 41  
Class I [Member]    
Stockholders' equity    
Common stock 137  
Total stockholders' equity 137  
Class AX [Member]    
Stockholders' equity    
Common stock 34,779 31,580
Total stockholders' equity 34,779 31,580
Class TX [Member]    
Stockholders' equity    
Common stock 14,827 13,278
Total stockholders' equity 14,827 13,278
Class IX [Member]    
Stockholders' equity    
Common stock 12,133 8,537
Total stockholders' equity $ 12,133 $ 8,537