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Variable Interest Entities
9 Months Ended
Sep. 30, 2021
Variable Interest Entities [Abstract]  
Variable Interest Entities

Note 10 - Variable Interest Entities

As of September 30, 2021 and December 31, 2020, certain VIEs have been identified. In regard to the Company’s investment in the SF Property, the Keller Property, the Summerfield Property, and the Valencia Property, the Company has determined itself to be the primary beneficiary because the Company has a significant variable interest in and control over the SF Property, Keller Property, and a controlling interest in the Summerfield Property, and the Valencia Property. Therefore, the Company has consolidated the SF Property, the Keller Property, the Summerfield Property, and the Valencia Property. In regard to the Company’s investment in the Station DST, the Company has determined itself not to be the primary beneficiary, because the Company does not have a significant variable interest in and control over the Station DST. Therefore, the Company has not consolidated the Station DST. The Company’s maximum exposure to loss from its interest in an unconsolidated VIE as of September 30, 2021 is $7,180,885 related to its investment in a real estate-related asset, the Station DST. Refer to Note 6 - Investments in Real Estate-Related Assets for additional information.