Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments

The following table summarizes the terms of our derivative financial instruments as of June 30, 2024:

Interest Rate Derivative:	Notional Amount		Strike	Effective Date	Maturity Date
SOFR Cap - Fayetteville Mortgage Loan	$	34,500,000	4.25%	4/10/2024	4/10/2025

Schedule of Fair Value of Derivative Financial Instrument Classification on Consolidated Balance Sheets

The following table presents a gross presentation of the fair value of our derivative financial instrument as well as its classification on our consolidated balance sheets as of June 30, 2024 and December 31, 2023:

	Asset/Liability Derivatives Fair Value
	June 30, 2024		December 31, 2024
Interest Rate Derivative:
Other assets related to real estate held for sale, net	$	218,716	$	-

Schedule of Derivative Financial Instruments Consolidated Statements of Operations - Discontinued Operations

The following table presents the effects of our derivative financial instruments on our consolidated statements of operations - discontinued operations for the periods presented:

	Gain recognized in consolidated statements of operations for the three months ended June 30,				Location of amounts in the statements of operations	Gain recognized in consolidated statements of operations for the six months ended June 30,
Type	2024		2023			2024		2023
Interest Rate Cap	$	84,063	$	-	Interest Expense	$	84,063	$	-