Real Estate Facilities and Real Estate Held for Sale

6 Months Ended

Jun. 30, 2024

Real Estate [Abstract]

Real Estate Facilities and Real Estate Held for Sale

Note 4. Real Estate Facilities and Real Estate Held for Sale

The following summarizes the activity in the real estate facilities during the six months ended June 30, 2024:

Real estate facilities
Balance at December 31, 2023	$	231,992,832
Additions - Senior		743,957
Real estate reclassified to held for sale		(55,083,253	)
Balance at June 30, 2024	$	177,653,536
Accumulated depreciation
Balance at December 31, 2023	$	(40,556,104	)
Depreciation expense included in continuing operations		(2,616,803	)
Depreciation expense included in discontinued operations		(660,286	)
Accumulated depreciation reclassified to held for sale		11,803,719
Balance at June 30, 2024	$	(32,029,474	)

The following summarizes the real estate reclassified as held for sale:

	June 30, 2024			December 31, 2023
Real estate reclassified as held for sale
Land	$	4,903,000		$	4,903,000
Buildings		45,929,027			45,888,288
Site improvements		839,000			839,000
Furniture, fixtures and equipment		3,412,226			3,239,635
		55,083,253			54,869,923
Accumulated depreciation		(11,803,719	)		(11,143,433	)
		43,279,534			43,726,490
Construction in process		31,044			51,033
Total real estate held for sale, net	$	43,310,578		$	43,777,523