Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Summary of Related Party Costs

Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the year ended December 31, 2021 and the three months ended March 31, 2022, as well as any related amounts payable as of December 31, 2021 and March 31, 2022:

	Year Ended December 31, 2021						Three Months Ended March 31, 2022
	Incurred		Paid		Payable		Incurred		Paid		Payable
Expensed:
Operating expenses (including organizational costs)	$	319,570	$	327,738	$	-	$	112,559	$	112,559	$	-
Transfer Agent expenses		134,962		134,962		-		24,061		24,061		-
Asset management fees		2,356,805		187,300		7,917,986		485,701		853,860		7,549,827
Property management oversight fees		475,929		-		1,615,832		114,656		-		1,730,488
Disposition fee		-		-		-		250,000		250,000		-
Capitalized:												-
Acquisition expenses - Affiliates		-		-		1,980,000		-		-		1,980,000
Additional Paid-In Capital:												-
Selling commissions		-		-		-		-		-		-
Dealer manager fees		-		-		-		-		-		-
Stockholder Servicing Fees and Dealer Manager Fees (1)		-		-		-		-		-		-
Offering costs		-		-		166,881		-		-		166,881
Total	$	3,287,266	$	650,000	$	11,680,699	$	986,977	$	1,240,480	$	11,427,196