v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended 24 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Cash Flows Used in Operating Activities:      
Net loss $ (527,506) $ (11,432,738)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Loss on investments in Datacom Joint Venture 5,261,052 3,378,066  
Gain on sale of assets from discontinued operations (13,994,152)    
Depreciation and amortization 4,398,562 3,638,064  
Asset retirement obligation - accretion expense 98,824 72,794  
Amortization of deferred financing costs 86,157 67,652  
Straight-line rental income (190,802) (210,248)  
Non-cash lease expense 176,862 124,811  
Above market lease amortization 62,844 62,844  
Below market lease amortization (251,750) (251,750)  
Stock-based compensation expense 162,599    
Changes in operating assets and liabilities:      
Tenant and other receivables (150,066) 13,833  
Due from affiliates (33,030) 90,852  
Prepaid and other assets - net 83,874 (43,499)  
Accounts payable and accrued liabilities 244,758 189,477  
Deferred rental revenue 74,829 (105,138)  
Due to affiliates 2,018,991 525,630  
Lease liabilities - net (125,648) (102,920)  
Interest expense payable (62,469) 28,860  
Performance participation allocation payable   (244,087)  
Net cash used in operating activities (2,666,071) (4,197,497)  
Cash Flows Used in Investing Activities:      
Proceeds from disposition of investments in properties 54,585,579    
Asset acquisitions (4,493,297) (18,367,365)  
Capital contributions to Datacom Joint Venture   (3,919,192)  
Prepaid acquisition costs (4,180,613) (2,052,378)  
Due from affiliates - Prepaid acquisition costs 234,362 2,287,362  
Net cash provided by (used in) investing activities 46,146,031 (22,051,573)  
Cash Flows from Financing Activities:      
Proceeds from loan payable 5,505,795 12,685,000  
Repayment of loan payable (16,500,000)    
Deferred financing costs   (37,728)  
Proceeds from issuance of common shares 32,571,524 22,882,390  
Redemptions paid to common shareholders (18,872,575) (13,535,159)  
Offering costs for issuance of common shares (1,230,010) (828,411)  
Deferred offering costs   (1,126,852)  
Dividends and distributions paid to common shares (3,655,125) (3,814,619)  
Proceeds from issuance of non-controlling interests in the Operating Partnership 1,352,500 2,132,500  
Redemptions paid to non-controlling interests in the Operating Partnership (2,244,318) (3,267,437)  
Offering costs for issuance of non-controlling interest in the Operating Partnership (26,778) (133,406)  
Dividends and distributions paid to non-controlling interest in the Operating Partnership (849,311) (892,356)  
Net cash (used in) provided by financing activities (3,948,298) 14,063,922  
Net change in cash and cash equivalents 39,531,662 (12,185,148)  
Cash and cash equivalents, beginning of period 2,512,642 14,697,790 $ 14,697,790
Cash and cash equivalents, end of period 42,044,304 2,512,642 $ 42,044,304
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 2,441,110 1,669,760  
Cash paid for operating leases 342,266 254,297  
Noncash Investing and Financing Activities:      
Deconsolidation of subsidiaries or write-off of related net investments in properties sold 40,591,427    
Ground lease right of use assets obtained in exchange for operating lease liabilities 558,426 1,528,394  
Receivable from affiliates   (2,278,922)  
Deferred offering costs included in accounts payable and accrued liabilities   304,603  
Capital receivables included in tenant and other receivables   140,761  
Deferred financing costs included in accounts payable and accrued liabilities   38,759  
Addition of asset retirement obligations in relation to acquisitions 246,142 660,142  
Redemptions payable 2,081,338 764,712  
Dividends and distributions reinvested 2,357,696 1,862,272  
Distributions payable to common stockholders 309,577 465,926  
Distributions payable to non-controlling interests in the Operating Partnership 54,632 82,588  
Offering costs included in due to affiliates 571,992 142,606  
Prepaid acquisition costs applied to current period acquisitions 1,370,040 $ 1,888,164  
Prepaid offering costs reclassified to additional paid-in capital $ 2,191,615