Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2022, as well as any related amounts payable as of December 31, 2021 and June 30, 2022:

	Year Ended December 31, 2021						Six Months Ended June 30, 2022
	Incurred		Paid		Payable		Incurred		Paid		Payable
Expensed:
Operating expenses (including organizational costs)	$	319,570	$	327,738	$	-	$	208,262	$	208,262	$	-
Transfer Agent expenses		134,962		134,962		-		51,433		51,433		-
Asset management fees		2,356,805		187,300		7,917,986		971,296		1,030,785		7,858,497
Property management oversight fees		475,929		-		1,615,832		237,579		-		1,853,411
Disposition fee		-		-		-		250,000		250,000		-
Capitalized:												-
Acquisition expenses - Affiliates		-		-		1,980,000		-		-		1,980,000
Additional Paid-In Capital:
Offering costs		-		-		166,881		-		-		166,881
Total	$	3,287,266	$	650,000	$	11,680,699	$	1,718,570	$	1,540,480	$	11,858,789