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OPERATING PARTNERSHIP UNITS (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Conversion of Various OP Units
The following table shows the conversion of the various OP Units described above into Class C OP Units as of and for the nine months ended September 30, 2024, the number of Class C OP Units exchanged for Class C Common Stock and outstanding Class C OP Units:
OP Units
OP Units Issued
Conversion Ratio
Class C OP Units Issued
Exchanged for Class C Common Stock
Outstanding Class C OP Units
Class M
657,950 1.6666671,096,583 761,376 335,207 
Class P
56,029 1.66666793,382 56,592 36,790 
Class R
316,343 2.500000790,858 143,333 647,525 
Total1,030,322 1,980,823 961,301 1,019,522 
Schedule of Total Stock Compensation Expense
The total stock compensation expenses for the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Class P OP Units$— $88,783 $88,783 $266,350 
Class R OP Units - Time Vested Units
— 488,887 488,887 1,466,659 
Class R OP Units - Performance Vested Units
— 7,822,197 733,332 7,822,197 
Class C Common Stock issued to the board of directors for services (see Note 10)
75,000 70,000 210,000 235,000 
Total$75,000 $8,469,867 $1,521,002 $9,790,206 
Schedule of Distributions and Allocations of Net Income (Loss)
Class C OP Units received the following distributions and allocations of net (loss) income during the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Class C OP Units distributions$501,526 $459,955 $1,542,864 $1,269,653 
Class C OP Units net (loss) income allocation
$(461,334)$(1,368,896)$388,349 $(1,535,452)