v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investment in real estate, net of accumulated depreciation of $121,088,400 and $113,331,033, respectively $ 995,191,636 $ 964,598,188
Cash 24,644,867 25,386,715
Restricted cash 6,227,969 6,306,855
Investments in real estate-related assets 41,112,414 5,228,709
Investment in real estate, held for sale 0 5,609,212
Investment in infrastructure fund, at fair value 9,951,997 8,651,872
Intangible assets, net of accumulated amortization of $52,853,469 and $53,669,340 respectively 62,399,460 67,960,996
Operating lease right-of-use asset 16,068,405 16,115,737
Derivative assets, at fair value 6,298,972 5,720,505
Prepaid expenses and other assets 13,287,964 13,177,180
Deferred rent receivable 15,348,048 18,084,678
Total assets 1,190,531,732 1,136,840,647
Liabilities    
Loans payable, net of deferred financing costs of $4,614,469 and $5,156,704, respectively 568,480,734 595,583,567
Intangible liabilities, net of accumulated amortization of $8,720,391 and 9,862,831, respectively 13,986,120 15,323,482
Operating lease liability 16,068,405 16,115,737
Distributions payable 2,926,908 1,154,031
Restricted reserves 10,943,865 13,231,811
Due to related parties $ 12,163,019 $ 16,816,455
Other Liability, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Deferred revenue $ 2,000,101 $ 2,040,969
Accrued interest payable 2,078,245 1,912,056
Accounts payable and accrued expenses 3,050,952 4,326,158
Total liabilities 631,698,349 666,504,266
Commitments and contingencies (Note 13) 0 0
Stockholders' equity    
Additional paid-in capital 308,078,683 311,469,572
Retained earnings/accumulated deficit and cumulative distributions (140,856,346) (142,009,065)
Accumulated other comprehensive income 1,022,377 474,811
Total controlling interest 168,360,297 170,046,474
Non-controlling interests attributable to consolidated subsidiaries 182,942,502 245,843,330
Non-controlling interests attributable to CFIT OP 207,530,584 54,446,577
Total stockholders' equity 558,833,383 470,336,381
Total liabilities and stockholders' equity 1,190,531,732 1,136,840,647
9.50% Series A Cumulative Redeemable Preferred Stock [Member]    
Stockholders' equity    
9.50% Series A cumulative redeemable perpetual preferred stock, $0.01 par value per share, 50,000,000 shares authorized, and 800,000 and 0 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 8,000 0
Class AX [Member]    
Stockholders' equity    
Common stock 28,714 30,925
Class TX [Member]    
Stockholders' equity    
Common stock 49 49
Class IX [Member]    
Stockholders' equity    
Common stock 9,860 10,225
Class T [Member]    
Stockholders' equity    
Common stock 11,974 12,674
Class S [Member]    
Stockholders' equity    
Common stock 54 54
Class D [Member]    
Stockholders' equity    
Common stock 4,241 4,727
Class I [Member]    
Stockholders' equity    
Common stock $ 52,691 $ 52,502