v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 338,113 $ 2,512,642
Due from affiliates $ 276,524 257,096
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Related party  
Tenant and other receivables $ 539,204 418,375
Prepaid and other assets - net 6,439,088 7,353,470
Property and equipment - net 42,144,103 40,789,470
Intangible assets - net 26,643,661 26,735,234
Ground lease right of use assets - net 2,517,388 2,422,985
Investment in Datacom Joint Venture 37,750,140 40,122,786
TOTAL ASSETS 116,648,221 120,612,058
LIABILITIES:    
Accounts payable and accrued liabilities 3,016,817 1,519,975
Redemptions Payable 2,019,553 764,712
Due to affiliates $ 1,794,826 784,836
Other Liability, Related Party [Extensible Enumeration] Related party  
Distributions payable $ 378,929 548,514
Deferred rental revenue 139,577 15,098
Asset retirement obligations - net 2,050,834 1,866,090
Lease liabilities - net 2,569,632 2,458,799
Intangible liabilities - net 755,250 881,124
Loan payable 34,840,795 29,335,000
Interest expense payable 76,294 91,287
Performance participation allocation payable to affiliate 1,113,218 948,118
Total liabilities 48,755,725 39,213,553
SHAREHOLDERS' EQUITY (DEFICIT)    
Additional paid-in-capital 93,262,022 97,708,275
Accumulated deficit and cumulative distributions (36,729,805) (28,660,011)
Total shareholders' equity 56,632,826 69,150,036
Non-controlling interests - SWIF II OP 11,259,670 12,248,469
Total Equity 67,892,496 81,398,505
TOTAL LIABILITIES AND EQUITY 116,648,221 120,612,058
Class A shares    
SHAREHOLDERS' EQUITY (DEFICIT)    
Common stock 47,162 49,906
Class AX shares    
SHAREHOLDERS' EQUITY (DEFICIT)    
Common stock 14,367 14,238
Class I shares    
SHAREHOLDERS' EQUITY (DEFICIT)    
Common stock 21,617 18,283
Class IX shares    
SHAREHOLDERS' EQUITY (DEFICIT)    
Common stock 17,369 $ 19,345
Class T shares    
SHAREHOLDERS' EQUITY (DEFICIT)    
Common stock $ 94