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Derivative Instruments - Summary of Derivative Financial Instruments Consolidated Statements of Operations - Discontinued Operations (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative [Line Items]      
Interest expense [1] $ 2,502,015 $ 3,655,147 $ 2,826,775
Loss on extinguishment of debt [2] (286,719)    
Interest Expense [Member] | Interest Rate Cap [Member]      
Derivative [Line Items]      
Interest expense 84,063    
Loss on Extinguishment of Debt [Member]      
Derivative [Line Items]      
Loss on extinguishment of debt [3] $ (37,216)    
[1] Includes interest expense related to the Fayetteville JPM Mortgage Loan, which was repaid in April 2024 in connection with the Fayetteville Mortgage Loan refinance, the Fayetteville Mortgage Loan and the KeyBank Bridge Loans that were required to be repaid according to the terms of such loans, in conjunction with the sale of the Fayetteville property.
[2] Includes the write off of the net debt issuance costs associated with the $34.5 million Fayetteville Mortgage Loan and the $25.4 million KeyBank Bridge Loans in conjunction with the sale of the Fayetteville property in July 2024, along with the loss on the settlement of the interest rate cap.
[3] The interest rate cap was terminated on July 31, 2024, in conjunction with the sale of the Fayetteville property. The loss incurred on the sale of the interest rate cap was recorded in the statement of discontinued operations as part of “loss on extinguishment of debt”.