Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Summary of Reportable Segments

The following table summarizes information for the reportable segments for the three months ended March 31, 2024, and 2023:

	Three Months Ended March 31,
	Student Housing		Senior Housing		Corporate and Other		Total
	2024	2023	2024	2023	2024	2023	2024	2023
Leasing and leasing related revenues	$1,439,177	$1,216,951	$8,276,960	$7,667,921	$—	$—	$9,716,137	$8,884,872
Other revenues	—	—	99,050	215,924	—	—	99,050	215,924
Property operating expenses	(629,075)	(650,403)	(6,257,400)	(5,738,543)	—	—	(6,886,475)	(6,388,946)
Net operating income	810,102	566,548	2,118,610	2,145,302	—	—	2,928,712	2,711,850
Property operating expenses - affiliates	126,455	124,096	499,393	491,768	—	—	625,848	615,864
General and administrative	—	—	—	—	432,925	501,758	432,925	501,758
Depreciation	355,836	344,240	1,318,929	1,436,671	3,070	5,357	1,677,835	1,786,268
Interest expense	309,750	309,750	1,939,541	1,899,200	—	—	2,249,291	2,208,950
Interest expense – debt issuance costs	14,144	14,140	116,469	66,074	—	—	130,613	80,214
Other income (loss)	—	—	—	(445)	34,863	(509)	34,863	(954)
Net income (loss)	$3,917	$(225,678)	$(1,755,722)	$(1,747,966)	$(470,858)	$(506,606)	$(2,222,663)	$(2,480,250)

Summary of Total Assets by Segment

The following table summarizes our total assets by segment:

Segments	March 31, 2024		December 31, 2023
Student housing	$	44,160,194	$	44,362,665
Senior housing		151,206,662		152,114,545
Corporate and Other		4,146,715		4,871,546
Total assets	$	199,513,571	$	201,348,756