v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Property and equipment, net $ 91,096,660 $ 92,460,809
Cash 5,865,371 7,212,093
Restricted cash 4,292,734 3,650,865
Accounts receivable, net 546,378 $ 196,765
Due from related parties $ 27,296  
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Prepaid expenses and other assets, net $ 1,710,512 $ 980,454
Total Assets 103,538,951 104,500,986
Liabilities    
Mortgage notes payable, net 66,596,987 66,689,086
Accounts payable, accrued expenses and other, net 4,609,767 2,815,211
Due to related parties $ 2,502,903 $ 2,241,818
Other Liability, Related Party [Extensible Enumeration] Related Party, Affiliated Entity [Member] Related Party, Affiliated Entity [Member]
Total Liabilities $ 73,709,657 $ 71,746,115
Commitments and Contingencies
Noncontrolling interest of the Operating Partnership 1,388,179 1,413,060
Stockholders' Equity    
Additional paid-in capital 47,351,279 47,364,893
Cumulative income 4,119,482 5,244,084
Cumulative distributions (26,916,101) (25,023,315)
Total Stockholders' Equity 24,614,618 27,645,606
Noncontrolling interest 3,826,497 3,696,205
Total Equity 28,441,115 31,341,811
Total Liabilities and Stockholders' Equity 103,538,951 104,500,986
Class K Common Stock    
Stockholders' Equity    
Common stock, value 38,384 38,527
Class K-I Common Stock    
Stockholders' Equity    
Common stock, value 14,510 14,353
Class A Common Stock    
Stockholders' Equity    
Common stock, value 5,814 5,814
Class B Common Stock    
Stockholders' Equity    
Common stock, value $ 1,250 $ 1,250