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Debt - Schedule of Company's Outstanding Debt (Detail) - USD ($)
9 Months Ended
Nov. 09, 2021
Sep. 30, 2024
Dec. 31, 2023
Aug. 31, 2018
Feb. 23, 2018
Debt Instrument [Line Items]          
Carrying Value   $ 105,047,699      
Debt issuance costs, net   (518,793) $ (665,423)    
Debt, net   104,528,906 131,391,624    
Debt issuance costs held for sale, net     (27,806)    
Debt related to real estate held for sale, net     29,472,194    
Total debt, net   104,528,906 160,863,818    
Freddie Mac Utah Loans [Member]          
Debt Instrument [Line Items]          
Carrying Value [1]   $ 43,711,402 44,291,048    
Debt instrument, initial interest rate   5.06% [1]     5.06%
Maturity Date [1]   Feb. 23, 2028      
Freddie Mac Courtyard Loan [Member]          
Debt Instrument [Line Items]          
Carrying Value [2]   $ 61,336,297 62,049,449    
Debt instrument, initial interest rate   4.86% [2]   4.86%  
Maturity Date [2]   Sep. 01, 2028      
KeyBank Bridge Loans [Member]          
Debt Instrument [Line Items]          
Carrying Value [3]     25,716,550    
Maturity Date Apr. 30, 2023        
Fayetteville JPM Mortgage Loan [Member]          
Debt Instrument [Line Items]          
Carrying Value [4]     $ 29,500,000    
[1] Represents the aggregate of three separate mortgage loans for the three senior housing properties acquired in Utah. Fixed rate debt with interest only payments due monthly for the first two years, then principal and interest on a 30-year amortization schedule beginning March 2020.
[2] Fixed rate debt with interest only payments due monthly for the first four years, then principal and interest on a 30-year amortization schedule beginning September 2022.
[3] On July 31, 2024, we sold the Fayetteville property for $72.25 million. In conjunction with the sale we repaid the remaining balance of the loan and terminated it in accordance with the terms of the loan.
[4] The fixed rate Fayetteville JPM Mortgage Loan was repaid and terminated in accordance with the terms of the loan on April 10, 2024.