v3.25.2
Equity Interest in Unconsolidated Investments - Schedule of Equity Method Investments JV (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Schedule of Equity Method Investments              
Income from equity interest in unconsolidated investments $ 2,265,597   $ 1,671,970   $ 4,825,707 $ 1,198,583  
Distributions received from equity interest in unconsolidated investments         4,735,370 1,684,877  
Other assets 5,446,846       5,446,846   $ 5,886,858
Total assets 459,349,837       459,349,837   542,819,059
Total liabilities 290,823,755       290,823,755   357,092,993
Revenues 8,610,111   11,173,520   21,066,860 26,182,865  
Depreciation and amortization expense         (2,570,933) (3,863,801)  
Unrealized gain (loss) 0   201,501   (75) 178,570  
Net loss (income) (9,172,096) $ (1,285,064) (7,539,310) $ (6,183,974) (10,457,160) (13,723,284)  
Corporate Joint Venture              
Schedule of Equity Method Investments              
Income from equity interest in unconsolidated investments (1,177,064)   (179,937)   (1,427,457) (1,651,663)  
Distributions received from equity interest in unconsolidated investments 242,143   2,627,499   481,297 2,627,499  
Net investments in real estate 193,302,687       193,302,687   196,206,089
Other assets 128,490,769       128,490,769   100,379,328
Total assets 321,793,456       321,793,456   296,585,417
Secured financing agreements 215,284,166       215,284,166   210,398,952
Other liabilities 8,638,140       8,638,140   8,948,512
Total liabilities 223,922,306       223,922,306   219,347,464
Members’ capital 97,871,150       97,871,150   $ 77,237,953
Revenues 4,476,099   4,462,447   10,663,250 8,925,318  
Operating expenses (2,518,732)   (2,753,672)   (5,690,738) (5,226,641)  
Depreciation and amortization expense (1,872,368)   (2,005,343)   (3,833,897) (3,960,419)  
Interest expense (3,446,954)   (3,534,694)   (7,718,643) (6,897,252)  
Gain on sale of real estate 0   4,816,477   0 4,816,477  
Unrealized gain (loss) 1,538,427   (731,824)   2,318,518 (1,584,077)  
Net loss (income) $ (1,823,528)   $ 253,391   $ (4,261,510) $ (3,926,594)