v3.26.1
INVESTMENT IN UNCONSOLIDATED REAL ESTATE JOINT VENTURE (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of the Company’s Investment in Lex Ave JV and Unconsolidated Real Estate Joint Ventures
Activity in the Company's investment in the Lex Ave JV during the six months ended June 30, 2026 was as follows:
ActivitySix months ended June 30, 2026
Initial contribution of REO$24,635,000 
Additional capital contributions1,258,647 
Equity in earnings of unconsolidated real estate joint venture32,287 
Ending investment balance at June 30, 2026$25,925,934 
The following table summarizes the Company’s investment in its unconsolidated real estate joint venture as of June 30, 2026 and December 31, 2025:
EntityDate FormedOwnership %As of
June 30, 2026
As of
December 31, 2025
123 Lex Ave Hotel Holdings LLC2/27/202665%$25,925,934 $—