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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (32,938,065) $ (14,380,083) $ (3,614,311)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 14,979,398 6,590,960 923,989
Amortization of debt issuance costs 1,499,924 1,097,941 137,825
Equity in loss of unconsolidated affiliate     57,104
Interest payment added to debt principal     197,980
Stock based compensation expense related to issuance of restricted stock 25,814 22,595  
Accretion of preferred equity costs 189,920    
Unrealized derivative gain 90,825    
Derivative fair value adjustment 2,553,422    
Unrealized foreign currency adjustment (528,949) 1,142,611 174,463
Changes in operating assets and liabilities:      
Other assets, net (2,785,513) (1,035,249) (197,711)
Purchase of interest rate cap (3,279,000)    
Purchase of foreign exchange derivative (1,442,000)    
Accounts payable and accrued liabilities 5,138,182 1,712,665 262,567
Due to affiliates 3,869,115 233,322 905,699
Net cash used in operating activities (12,626,927) (4,615,238) (2,963,793)
Cash flows from investing activities:      
Purchase of real estate facilities (252,273,853) (188,181,815) (59,854,218)
Additions to real estate facilities (8,078,768) (1,453,968) (285,123)
Deposits on acquisitions of real estate facilities and investments in unconsolidated real estate ventures (148,220) (548,970) (468,616)
Investment in company owned life insurance (886,460)    
Investments in unconsolidated real estate ventures (7,171,769) (499,202) (6,079,039)
Net cash used in investing activities (268,559,070) (190,683,955) (66,686,996)
Cash flows from financing activities:      
Proceeds from issuance of secured debt 179,324,261 140,603,502 48,662,500
Repayment of secured debt (50,000,000) (30,608,851) (14,435,579)
Scheduled principal payments of secured debt (862,320) (123,981)  
Prepaid debt issuance costs (42,000) (58,000)  
Debt issuance costs (1,666,788) (1,481,549) (875,467)
Gross proceeds from issuance of common stock 37,910,737 103,913,984 47,427,658
Proceeds from issuance of noncontrolling interest in our Operating Partnership     7,000
Offering costs (4,387,423) (9,226,517) (5,916,858)
Proceeds from issuance of preferred equity in our Operating Partnership 15,000,000    
Redemption of preferred equity in our Operating Partnership (15,000,000)    
Preferred equity in our Operating Partnership issuance costs (189,920)    
Gross proceeds from issuance of preferred stock 150,000,000    
Preferred stock issuance costs (1,400,277)    
Proceeds from issuance of Series C Units 3,197,083    
Redemption of common stock (419,094)    
Distributions paid to common stockholders (6,160,627) (3,667,288) (453,837)
Distributions paid to noncontrolling interest in our Operating Partnership (341,025) (313,722) (183,869)
Distributions paid to preferred stockholders (5,218,750)    
Distributions paid to preferred unitholders in our Operating Partnership (271,250)    
Net cash provided by financing activities 299,472,607 199,037,578 74,231,548
Impact of foreign exchange rate changes on cash and restricted cash (370,083) (527,600)  
Net change in cash, cash equivalents and restricted cash 17,916,527 3,210,785 4,580,759
Cash, cash equivalents and restricted cash, beginning of year 7,791,544 4,580,759  
Cash, cash equivalents and restricted cash, end of year 25,708,071 7,791,544 4,580,759
Supplemental disclosures and non-cash transactions:      
Cash paid for interest, net of amounts capitalized 18,819,476 3,345,009 346,480
Real estate assumed in consolidation of Operating Partnership     16,284,439
Investment in unconsolidated real estate venture assumed in consolidation of Operating Partnership     3,711,918
Debt assumed in consolidation of Operating Partnership     14,237,599
Non controlling interest assumed in connection with consolidation of Operating Partnership     4,574,294
Distribution payable to noncontrolling interest in our Operating Partnership assumed in consolidation of Operating Partnership     22,594
Accounts payable, accrued liabilities and due to affiliate assumed in consolidation of Operating Partnership     1,318,303
Other assets assumed in consolidation of Operating Partnership     153,146
Real estate facilities in due to affiliates     327,646
Debt issuance costs in due to affiliates     68,000
Debt issuance costs in accounts payable and accrued liabilities   26,940  
Proceeds from issuance of common stock in accounts payable and accrued liabilities   (211,000) (350,000)
Distribution of common stock 6,586,579    
Offering costs included in accounts payable and accrued liabilities 661,400 1,107,528 352,972
Interest rate swap contract in other assets 145,375 126,864  
Interest rate swap contracts in accounts payable and accrued liabilities 170,708    
Foreign currency translation adjustment (57,174) 191,438  
Issuance of shares pursuant to distribution reinvestment plan 4,391,918 2,544,690 329,158
Distributions payable to common and preferred stockholders 4,174,068 798,955 202,137
Distributions payable to noncontrolling interests in our Operating Partnership 28,964 28,964 23,370
Offering costs in due to affiliates     65,500
Real estate and construction in process in accounts payable and accrued liabilities 913,229 553,438 $ 24,127
Deposits on acquisition of real estate facilities in due to affiliates 333,495 $ 751,460  
Redemption of common stock in accounts payable and accrued liabilities 118,691    
Unrealized derivative adjustment 576,497    
Deposits applied to acquisition of real estate $ 1,076,020