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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Investment in real estate, net of accumulated depreciation of $14,853,693 and $8,590,986, respectively $ 481,718,306 $ 154,790,052
Cash and cash equivalents 15,924,300 33,524,830
Investments in real estate-related assets 31,580,885 31,966,940
Intangible assets, net of accumulated amortization of $8,328,658 and $4,110,547, respectively 46,514,826 18,576,118
Operating lease right-of-use asset 16,486,608  
Deferred rent receivable 5,197,863 1,788,266
Prepaid expenses and other assets 5,185,356 431,768
Due from related party 415,835 275,464
Accrued preferred return receivable 78,405  
Accrued income from mezzanine loan investment 69,902  
Total assets 603,172,286 241,353,438
Liabilities    
Loans payable, net of deferred financing costs of $3,118,277 and $764,753, respectively 307,249,080 83,380,431
Intangible liabilities, net of accumulated amortization of $1,941,013 and $1,264,464, respectively 9,545,987 7,800,852
Operating lease liability 16,486,608  
Distributions payable 4,603,228 1,595,148
Restricted reserves 2,656,437 200,487
Due to related parties 1,816,091 1,438,450
Deferred revenue 1,270,014 570,362
Derivative liabilities, at fair value 490,615  
Accrued interest payable 665,073 273,200
Accounts payable and accrued expenses 572,953 574,925
Total liabilities 345,356,086 95,833,855
Stockholders' equity    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 0 issued and outstanding at each September 30, 2021 and December 31, 2020
Additional paid-in capital 210,572,471 161,040,483
Retained earnings/accumulated deficit and cumulative distributions (25,220,280) (17,735,594)
Accumulated other comprehensive income/(loss) (490,615)  
Total controlling interest 184,946,117 143,368,842
Non-controlling interests in subsidiaries 72,870,083 2,150,741
Total stockholders' equity 257,816,200 145,519,583
Total liabilities and stockholders' equity 603,172,286 241,353,438
Class AX [Member]    
Stockholders' equity    
Common stock 33,485 34,585
Total stockholders' equity 33,485 34,585
Class TX [Member]    
Stockholders' equity    
Common stock 14,498 14,729
Total stockholders' equity 14,498 14,729
Class IX [Member]    
Stockholders' equity    
Common stock 12,067 12,181
Total stockholders' equity 12,067 12,181
Class T [Member]    
Stockholders' equity    
Common stock 3,830 449
Total stockholders' equity 3,830 449
Class S [Member]    
Stockholders' equity    
Common stock 44 16
Total stockholders' equity 44 16
Class D [Member]    
Stockholders' equity    
Common stock 2,368 393
Total stockholders' equity 2,368 393
Class I [Member]    
Stockholders' equity    
Common stock 18,249 1,600
Total stockholders' equity $ 18,249 $ 1,600