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Conolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Rental revenues $ 5,945,332 $ 1,191,314 $ 11,359,393 $ 1,191,314
Other revenues 258,688 37,408 585,438 37,408
Total revenues 6,204,020 1,228,722 11,944,831 1,228,722
Expenses        
Rental property operating 2,470,155 480,372 4,486,759 480,372
General and administrative expenses 739,397 278,107 1,389,976 449,398
Base management fee 130,990 0 130,990 0
Performance fee 186,679 0 998,328 0
Depreciation and amortization 3,776,152 1,043,275 7,165,817 1,043,275
Total expenses 7,303,373 1,801,754 14,171,870 1,973,045
Income from real estate-related loans and securities 1,338,053 140,532 2,691,680 141,388
Interest expense (1,206,036) (683,797) (2,622,323) (683,797)
Unrealized gain (loss) on investments 1,537,626 0 (263,067) 0
Total other (expense) income 1,669,643 (543,265) (193,710) (542,409)
Net income (loss) 570,290 (1,116,297) (2,420,749) (1,286,732)
Net (income) loss attributable to non-controlling interests 110,054 71,534 214,648 71,534
Net income (loss) attributable to stockholders $ 680,344 $ (1,044,763) $ (2,206,101) $ (1,215,198)
Earnings Per Share, Basic and Diluted [Abstract]        
Net gain (loss) per share of common stock - basic and diluted $ 0.04 $ (38.69) $ (0.12) $ (50.66)
Weighted average number of shares outstanding - basic and diluted 18,788,608 27,000 17,811,014 23,989