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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (23,999,794) $ (35,578,067) $ (32,938,065)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 12,853,148 15,800,554 14,979,398
Amortization of debt issuance costs 926,180 1,278,578 1,499,924
Stock based compensation expense related to issuance of restricted stock 43,700 38,094 25,814
Accretion of preferred equity costs     189,920
Equity in loss of unconsolidated joint venture 2,114,897    
Unrealized derivative gain (loss) 377,190 (482,632) 90,825
Derivative fair value adjustment 410,657 1,770,963 2,553,422
Unrealized foreign currency adjustment (2,175,698) 6,513,187 (528,949)
Changes in operating assets and liabilities:      
Other assets, net 1,494,094 530,680 (2,785,513)
Purchase of interest rate derivative (1,027,741) (2,913,815) (3,279,000)
Settlement of interest rate derivative (2,030,731)    
Purchase of foreign exchange derivative     (1,442,000)
Accounts payable and accrued liabilities 537,143 (599,126) 5,138,182
Due to affiliates (9,308,508) 8,127,545 3,869,115
Net cash used in operating activities (19,785,463) (5,514,039) (12,626,927)
Cash flows from investing activities:      
Purchase of real estate facilities     (252,273,853)
Additions to real estate facilities (12,743,728) (10,388,088) (8,078,768)
Deposits on acquisitions of real estate facilities and investments in unconsolidated real estate ventures     (148,220)
Refund of deposits on acquisitions of real estate facilities   481,866  
Investment in company owned life insurance (925,788) (902,063) (886,460)
Investments in unconsolidated real estate ventures (7,425,096) (17,702,419) (7,171,769)
Return of capital on investments in unconsolidated real estate ventures   15,988,299  
Net cash used in investing activities (21,094,612) (12,522,405) (268,559,070)
Cash flows from financing activities:      
Proceeds from issuance of secured debt 178,196,483 8,000,000 179,324,261
Repayment of secured debt (164,160,942) (4,764,241) (50,000,000)
Scheduled principal payments of secured debt (1,453,106) (4,160,385) (862,320)
Prepaid debt issuance costs     (42,000)
Debt issuance costs (1,825,431) (480,950) (1,666,788)
Gross proceeds from issuance of common stock 15,367,193 37,371,916 37,910,737
Offering costs (2,508,610) (3,634,282) (4,387,423)
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 659,151 1,220,331 3,197,083
Proceeds from issuance of Series D preferred units 35,000,000    
Series D Preferred unit issuance costs (373,312)    
Redemption of common stock (4,132,001) (1,860,904) (419,094)
Distributions paid to common stockholders (8,598,699) (7,626,356) (6,160,627)
Distributions paid to noncontrolling interest in our Operating Partnership (340,865) (341,104) (341,025)
Distributions paid to preferred stockholders (12,516,374) (12,530,766) (5,218,750)
Distributions paid to preferred unitholders in our Operating Partnership (361,667)   (271,250)
Net cash provided by financing activities 32,951,820 11,193,259 299,472,607
Impact of foreign exchange rate changes on cash and restricted cash 280,852 (1,299,322) (370,083)
Net change in cash, cash equivalents and restricted cash (7,647,403) (8,142,507) 17,916,527
Cash, cash equivalents and restricted cash, beginning of year 17,565,564 25,708,071 7,791,544
Cash, cash equivalents and restricted cash, end of year 9,918,161 17,565,564 25,708,071
Supplemental disclosures and non-cash transactions:      
Cash paid for interest, net of amounts capitalized 17,844,314 17,208,371 18,819,476
Distribution of common stock 0   6,586,579
Offering costs included in accounts payable and accrued liabilities (1,334,105) 588,163 661,400
Interest rate swap contract in other assets 1,302,337 467,719 145,375
Interest rate swap contracts in accounts payable and accrued liabilities 247,942 368,600 170,708
Foreign currency hedge contract in other assets 0 1,281,151  
Foreign currency translation adjustment (2,240,708) 4,808,321 (57,174)
Deposits applied to investments in unconsolidated real estate ventures   328,545  
Deposits on acquisition of real estate facilities in due to affiliates     333,495
Issuance of shares pursuant to distribution reinvestment plan 6,666,207 5,736,254 4,391,918
Distributions payable to common and preferred stockholders 4,650,971 4,380,620 4,174,068
Distributions payable to noncontrolling interests in our Operating Partnership 28,964 28,885 28,964
Real estate and construction in process in accounts payable and accrued liabilities 701,112 1,658,865 913,229
Redemption of common stock in accounts payable and accrued liabilities $ 193,867 $ 442,933 118,691
Unrealized derivative adjustment     576,497
Deposits applied to acquisition of real estate     $ 1,076,020