XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Property and equipment, net $ 95,093,997 $ 97,949,850
Cash 7,959,051 7,021,695
Restricted cash 3,102,506 3,682,690
Accounts receivable, net $ 147,788 282,029
Due from related parties   $ 25,000
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Related Party, Affiliated Entity [Member] Related Party, Affiliated Entity [Member]
Prepaid expenses and other assets, net $ 1,282,262 $ 1,132,116
Total Assets 107,585,604 110,093,380
Liabilities    
Mortgage notes payable, net 64,113,333 64,345,142
Accounts payable, accrued expenses and other, net 3,182,808 2,816,919
Due to related parties 2,103,107 2,208,299
Total Liabilities 69,399,248 69,370,360
Commitments and Contingencies
Noncontrolling interest of the Operating Partnership 1,380,214 1,402,962
Stockholders' Equity    
Additional paid-in capital 47,363,988 47,356,635
Cumulative income 3,706,881 2,110,753
Cumulative distributions (18,845,484) (15,055,010)
Total Stockholders' Equity 32,285,278 34,472,223
Noncontrolling interest 4,520,864 4,847,835
Total Equity 36,806,142 39,320,058
Total Liabilities and Stockholders' Equity 107,585,604 110,093,380
Class K Common Stock    
Stockholders' Equity    
Common stock, value 38,831 39,087
Class K-I Common Stock    
Stockholders' Equity    
Common stock, value 13,998 13,664
Class K-T Common Stock    
Stockholders' Equity    
Common stock, value   30
Class A Common Stock    
Stockholders' Equity    
Common stock, value 5,814 5,814
Class B Common Stock    
Stockholders' Equity    
Common stock, value $ 1,250 $ 1,250