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Investments in Real Estate-Related Assets (Tables)
 9 Months Ended
Sep. 30, 2021
Real Estate [Abstract]  
Information about Properties Relating to Location, Rentable Square Feet, and Annualized Rental Income

The results of operations for the Company’s investments in real estate-related assets for the nine months ended September 30, 2021 and September 30, 2020 are summarized below: 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

Station DST

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenues

$

1,663,653

 

 

$

—

 

 

$

5,163,181

 

 

$

—

 

Operating expenses

 

(440,935

)

 

 

—

 

 

 

(1,377,336

)

 

 

—

 

Other expenses, net

 

(1,157,106

)

 

 

—

 

 

 

(3,470,166

)

 

 

—

 

Net income (loss)

$

65,612

 

 

$

—

 

 

$

315,679

 

 

$

—

 

Net income (loss) attributable to the Company(1)

$

9,842

 

 

$

—

 

 

$

(76,208

)

 

$

—

 

Note:

(1) Represents the Company’s allocable share of net income based on the Company’s ownership interest in the underlying investment in real estate-related assets and is included within Income from investments in real-estate related assets on the Company’s unaudited consolidated statements of operations.