v3.26.1
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
Common stock
Class E Common stock
Operating Partnership
Common stock
Class E Common stock
Common stock
Class D common stock
Common stock
Class I common stock
Common stock
Class S common stock
Common stock
Class T common stock
Preferred Stock
Additional Paid In Capital
Operating Partnership
Additional Paid In Capital
Accumulated Deficit
Total Stockholders' Equity
Operating Partnership
Total Stockholders' Equity
Non-Controlling Interests in Operating Partnership
Operating Partnership
Total
Equity, Including Portion Attributable to Noncontrolling Interest   $ 200             $ 412,782 $ (6,170)   $ 406,812 $ 119,432,864   $ 119,839,676
Balance at the beginning at Dec. 31, 2023   200             412,782 (6,170)   406,812 119,432,864   119,839,676
Common stock issued     $ 5 $ 5 $ 5 $ 5 $ 1   144,979     145,000     145,000
Distributions declared on common stock                   (6,494)   (6,494)     (6,494)
Distribution reinvestments $ 5             $ 5,666     $ 5,671     $ 5,671  
Net loss                   (22,296)   (22,296) (4,052,972)   (4,075,268)
Offering costs                 (19,897)     (19,897) (503,635)   (523,532)
Amortization of restricted stock grants                 (276,449)     (276,449)     (276,449)
Distributions to non-controlling interests                         (3,806,400)   (3,806,400)
Balance at the end at Dec. 31, 2024   205 5 5 5 5 1   819,979 (34,960)   785,245 111,069,857   111,855,102
Equity, Including Portion Attributable to Noncontrolling Interest   205 5 5 5 5 1   819,979 (34,960)   785,245 111,069,857   111,855,102
Distributions declared on common stock                   (10,751)   (10,751)     (10,751)
Distribution reinvestments   9             10,643     10,652     10,652
Net loss                   (21,214)   (21,214) (3,310,866)   (3,332,080)
Offering costs                 450     450 249,550   250,000
Amortization of restricted stock grants                 22,577     22,577     22,577
Distributions to non-controlling interests                         (6,081,400)   (6,081,400)
Balance at the end at Dec. 31, 2025   214 5 5 5 5 1   853,649 (66,925)   786,959 101,927,141   102,714,100
Equity, Including Portion Attributable to Noncontrolling Interest   $ 214 $ 5 $ 5 $ 5 $ 5 $ 1   $ 853,649 $ (66,925)   $ 786,959 $ 101,927,141   $ 102,714,100