Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The table below includes the carrying value and fair value for our financial instruments for which it is practicable to estimate fair value:

	March 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Asset:
Real estate note investment	$	9,025,995	$	9,025,995	$	8,205,862	$	8,205,862
Financial Liability:
Berkadia Credit Facility	$	35,995,000	$	36,790,044	$	35,995,000	$	38,658,000
JP Morgan Credit Facility	$	34,000,000	$	34,000,000	$	35,500,000	$	35,500,000
Series 2019 Preferred Stock	$	43,710,281	$	43,710,281	$	32,932,909	$	32,932,909