v3.25.2
Real Estate Owned, Net and Real Estate Assets Held for Sale - Real Estate Owned, Net (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Real Estate [Line Items]    
Land, building and building improvements, net $ 75,706,644 $ 123,597,789
Lease intangible liabilities, Net (2,381,355) (3,902,416)
Total intangible assets    
Real Estate [Line Items]    
Lease intangible assets, Cost 7,745,398 12,060,731
Lease intangible assets, Accumulated Depreciation/Amortization (3,901,313) (6,419,701)
Net 3,844,085 5,641,030
In-place lease    
Real Estate [Line Items]    
Lease intangible assets, Cost 7,745,398 12,060,731
Lease intangible assets, Accumulated Depreciation/Amortization (3,901,313) (6,419,701)
Net 3,844,085 5,641,030
Total real estate    
Real Estate [Line Items]    
Real estate, Cost 79,965,464 128,739,334
Real estate, accumulated depreciation/amortization (4,258,820) (5,141,545)
Land, building and building improvements, net 75,706,644 123,597,789
Land    
Real Estate [Line Items]    
Real estate, Cost 14,457,149 23,785,004
Real estate, accumulated depreciation/amortization 0 0
Land, building and building improvements, net 14,457,149 23,785,004
Building and building improvements    
Real Estate [Line Items]    
Real estate, Cost 65,503,763 104,924,745
Real estate, accumulated depreciation/amortization (4,257,645) (5,140,431)
Land, building and building improvements, net 61,246,118 99,784,314
Tenant improvements    
Real Estate [Line Items]    
Real estate, Cost 4,552 29,585
Real estate, accumulated depreciation/amortization (1,175) (1,114)
Land, building and building improvements, net 3,377 28,471
Total intangible liabilities    
Real Estate [Line Items]    
Lease intangible liabilities, Cost (4,555,806) (8,649,073)
Lease intangible liabilities, Accumulated Depreciation/Amortization 2,174,451 4,746,657
Lease intangible liabilities, Net (2,381,355) (3,902,416)
Below-market rent    
Real Estate [Line Items]    
Lease intangible liabilities, Cost (4,555,806) (8,649,073)
Lease intangible liabilities, Accumulated Depreciation/Amortization 2,174,451 4,746,657
Lease intangible liabilities, Net (2,381,355) (3,902,416)
Total operating real estate    
Real Estate [Line Items]    
Cost 83,155,056 132,150,992
Accumulated Depreciation/Amortization (5,985,682) (6,814,589)
Net $ 77,169,374 $ 125,336,403