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Real Estate Facilities
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Real Estate Facilities

Note 3. Real Estate Facilities

The following summarizes the activity in real estate facilities during the three months ended March 31, 2024:

Real estate facilities

 

 

 

Balance at December 31, 2023

 

$

514,006,885

 

Improvements and additions

 

 

808,849

 

Impact of foreign exchange rate changes

 

 

(6,429,849

)

Balance at March 31, 2024

 

$

508,385,885

 

Accumulated depreciation

 

 

 

Balance at December 31, 2023

 

$

(15,660,337

)

Depreciation expense

 

 

(3,146,815

)

Impact of foreign exchange rate changes

 

 

104,235

 

Balance at March 31, 2024

 

$

(18,702,917

)

There were no acquisitions during the three months ended March 31, 2024.