XML 58 R51.htm IDEA: XBRL DOCUMENT v3.24.3
Related and Affiliated Party Transactions - Additional Information (Details) - USD ($)
3 Months Ended 9 Months Ended
May 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Related Party Transaction [Line Items]          
Percentage of acquisition fee 1.00%        
Property acquisition fees income $ 100,000        
Offering costs   $ 100,000   $ 300,000  
Investment owned, shares   77,308   77,308  
Percentage of holders of OP units, one       100.00%  
Percentage of equal to cumulative non-compounding annual return       7.00%  
Percentage of holders of OP units, two       100.00%  
Percentage of holders of OP units, three       80.00%  
Percentage of special limited partner       20.00%  
Performance participation earned or paid     $ 0   $ 0
Percentage of asset management fee is equal to Trust's assets       0.15%  
Percentage of asset management fee is payable quarterly       0.0375%  
Asset management agreement, initial term       5 years  
Asset management agreement, renew term, description       The asset management agreement had an initial term of five years and was automatically renewed at the expiration of the initial term. This agreement will automatically renew at any subsequent five-year term for an additional five-year term.  
Asset management agreement, renew term       5 years  
Percentage of property management fee is equal to gross revenues       1.10%  
Property management agreement expires date       Feb. 28, 2025  
Property management agreement, renew term       3 years  
Property management agreement, renew term, description       The current term of the property management agreement expires on February 28, 2025, and will automatically renew at the expiration of the term and any subsequent three-year term for an additional three-year term.  
Class I, A,S and ER Common Shares          
Related Party Transaction [Line Items]          
Percentage of sponsor earns equal to net transaction price of sales   1.00%   1.00%  
Class A Common Shares          
Related Party Transaction [Line Items]          
Net commissions included in offering costs   $ 200,000   $ 700,000  
Class ER Common Shares          
Related Party Transaction [Line Items]          
Net commissions included in offering costs   $ 100,000   $ 100,000  
Class I Common Shares          
Related Party Transaction [Line Items]          
Investment owned, shares   600,000   600,000  
Distributions payable       600,000