v3.25.2
Investment in Unconsolidated Real Estate Venture (Details)
$ / shares in Units, shares in Millions, ft² in Millions
3 Months Ended 6 Months Ended
Jul. 07, 2023
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
ft²
item
building
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
ft²
item
building
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Investment in Unconsolidated Real Estate Venture                  
Number of stand-alone industrial properties | item   1       1      
Investment in unconsolidated real estate ventures   $ 195,906,466       $ 195,906,466   $ 204,851,246  
Income (loss) from unconsolidated real estate ventures   (769,969)   $ (115,778)   (2,044,780) $ (839,139)    
Non-controlling interest in consolidated real estate venture   106,129,218 $ 108,467,069 116,076,424 $ 117,825,488 106,129,218 116,076,424 111,069,857 $ 119,432,864
Net loss attributable to non-controlling interest in unconsolidated real estate ventures   (369,157)   (128,658)   (957,439) (475,052)    
Total assets   205,976,120       205,976,120   213,921,804  
Total liabilities   12,366,439       12,366,439   12,305,334  
Total equity   106,914,448 109,252,091 116,826,325 118,466,732 106,914,448 $ 116,826,325 111,855,102 $ 119,839,676
Loss from operations   (1,064,474) $ (1,113,400) $ (886,142) $ (1,594,344)        
Carring value   7,300,000       7,300,000   7,300,000  
Seed Portfolio                  
Investment in Unconsolidated Real Estate Venture                  
Total assets   894,254,927       894,254,927   910,129,374  
Total liabilities   $ 586,866,667       $ 586,866,667   589,946,122  
BGO client | Seed JV                  
Investment in Unconsolidated Real Estate Venture                  
Non-controlling interest, ownership percentage   43.50%       43.50%      
Non-controlling interest in consolidated real estate venture   $ 86,700,000       $ 86,700,000   $ 89,800,000  
BGO client | Sun Life                  
Investment in Unconsolidated Real Estate Venture                  
Non-controlling interest, ownership percentage 43.50%                
Class E common stock | Sun Life                  
Investment in Unconsolidated Real Estate Venture                  
Number of shares issued in exchange for contribution | shares 13.0                
Price per unit | $ / shares $ 10                
Shares issued for aggregate contribution value $ 130,000,000                
Seed JV                  
Investment in Unconsolidated Real Estate Venture                  
Percentage of ownership interest held 56.50%                
Seed Portfolio                  
Investment in Unconsolidated Real Estate Venture                  
Indirect ownership percentage 34.20%                
Area of portfolio | ft²   9.4       9.4      
Number of separate industrial buildings | building   29       29      
Number of industrial parks | item   4       4      
Number of regional portfolios | item   3       3