v3.26.1
INVESTMENTS IN PROPERTIES, NET
6 Months Ended
Jun. 30, 2026
INVESTMENTS IN PROPERTIES, NET  
INVESTMENTS IN PROPERTIES, NET

3.

INVESTMENTS IN PROPERTIES, NET

Investments in properties, net consist of the following as of June 30, 2026 and December 31, 2025:

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Land

$

3,693,339

$

3,745,449

Building

 

22,871,656

 

22,871,656

Site improvements

 

1,615,557

 

1,615,557

Total costs

 

28,180,552

 

28,232,662

Less accumulated depreciation

 

(2,314,595)

 

(1,963,346)

Total investments in properties, net

$

25,865,957

$

26,269,316

Depreciation expense was $175,625 for each of the three months ended June 30, 2026 and 2025, and $351,250 for each of the six months ended June 30, 2026 and 2025.