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Related Party Transactions - Summary of Related Party Costs (Detail) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Related Party Transaction [Line Items]          
Related party costs, Incurred $ 2,765,425 $ 2,067,652 $ 5,694,139 $ 3,868,833  
Related party costs, Payable 13,733,956   13,733,956   $ 5,933,969
Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred     9,223,651   18,073,088
Related party costs, Paid     1,423,664   13,848,926
Related party costs, Payable 13,733,956   13,733,956   5,933,969
Operating Expenses (Including Organizational Costs) | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred     5,941,316   6,784,515
Related party costs, Paid     1,423,664   3,586,399
Related party costs, Payable 8,663,254   8,663,254   4,145,602
Asset Management Fees | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred     2,126,937   3,420,040
Related party costs, Paid         2,767,112
Related party costs, Payable 2,779,865   2,779,865   652,928
Property Management Fees | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred     807,698   1,243,056
Related party costs, Paid         982,355
Related party costs, Payable 1,068,399   1,068,399   260,701
Transfer Agent Expenses | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred         319,426
Related party costs, Paid         326,613
Acquisition Expenses | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred [1]     314,053   710,892
Related party costs, Paid [1]         179,263
Related party costs, Payable [1] 849,356   849,356   535,303
Acquisition Related | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred [2]     33,647   5,589,549
Related party costs, Paid [2]         6,001,574
Related party costs, Payable [2] $ 373,082   $ 373,082   339,435
Offering Costs | Related Party          
Related Party Transaction [Line Items]          
Related party costs, Incurred         5,610
Related party costs, Paid         $ 5,610
[1] Amounts include third party acquisition expenses paid by our Sponsor and reimbursed by the Company.
[2] Amounts include acquisition fees paid to our Sponsor and third party earnest money deposits paid by our Sponsor and reimbursed by the Company.