Related Party Transactions (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2022 and 2021, as well as any related amounts payable, which are included in due to affiliates on the accompanying consolidated balance sheets as of December 31, 2022 and 2021:

	Year Ended December 31, 2021						Year Ended December 31, 2022
	Incurred		Paid		Payable		Incurred		Paid		Payable
Expensed
Operating expenses (including    organizational costs)	$	319,570	$	327,738	$	—	$	453,432	$	453,432	$	—
Transfer Agent expenses		134,962		134,962		—		103,782		103,782		—
Asset management fees		2,356,805		187,300		7,917,986		1,942,698		1,033,266		8,833,418
Property management oversight fees		475,929		—		1,615,832		493,956		—		2,103,788
Disposition Fee		—		—		—		250,000		250,000		—
Capitalized
Acquisition expenses		—		—		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	$	3,243,868	$	1,840,480	$	13,084,087