Real Estate Facilities

3 Months Ended

Mar. 31, 2025

Note 3. Real Estate Facilities

The following summarizes the activity in real estate facilities during the three months ended March 31, 2025:


Real estate facilities
Balance at December 31, 2024		498,291,980
Improvements and additions		137,225
Impact of foreign exchange rate changes		363,366
Balance at March 31, 2025	$	498,792,571
Accumulated depreciation
Balance at December 31, 2024		(27,645,170	)
Depreciation expense		(3,142,823	)
Impact of foreign exchange rate changes		38,195
Balance at March 31, 2025	$	(30,749,798	)

There were no acquisitions during the three months ended March 31, 2025.