XML 59 R49.htm IDEA: XBRL DOCUMENT v3.24.3
INVESTMENT IN PREFERRED STOCK - Narrative (Details)
3 Months Ended 9 Months Ended
Aug. 10, 2024
May 09, 2024
USD ($)
$ / shares
shares
Jan. 31, 2024
shares
Aug. 10, 2023
USD ($)
property
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
property
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Schedule of Equity Method Investments [Line Items]                    
Number of real estate properties sold | property       13       14    
Net proceeds from sale of real estate investments             $ 15,022,626 $ 34,737,474    
Shares distributed (in shares) | shares             2,623,153      
Investment in preferred stock         $ 0   $ 0     $ 11,038,658
Net proceeds from sale of investment in common stock             652,118 0    
Loss on sale of investment in common stock         $ 0 $ 0 $ 4,513 $ 0    
Series A Preferred Stock                    
Schedule of Equity Method Investments [Line Items]                    
Preferred stock, liquidation preference per share (in usd per share) | $ / shares         $ 25   $ 25      
Preferred stock, dividend rate, percentage             7.375%      
Retail And Office                    
Schedule of Equity Method Investments [Line Items]                    
Net proceeds from sale of real estate investments       $ 30,000,000            
GIPR                    
Schedule of Equity Method Investments [Line Items]                    
Common stock received (in shares) | shares     2,400,000              
Common stock, shares issued (in shares) | shares     2,794,597              
Common stock, shares outstanding (in shares) | shares   171,444                
Investment in preferred stock                 $ 656,631  
Sale of stock, price per share (in usd per share) | $ / shares   $ 3.80                
Net proceeds from sale of investment in common stock   $ 652,118                
Loss on sale of investment in common stock   $ 4,513                
GIPR | Retail                    
Schedule of Equity Method Investments [Line Items]                    
Number of real estate properties sold | property       11            
GIPR | Office                    
Schedule of Equity Method Investments [Line Items]                    
Number of real estate properties sold | property       2            
GIPR | Retail And Office                    
Schedule of Equity Method Investments [Line Items]                    
Net proceeds from sale of real estate investments including stock       $ 42,000,000            
GIPR | Retail And Office | Series A Preferred Stock                    
Schedule of Equity Method Investments [Line Items]                    
Net proceeds from sale of real estate investment, value of shares       $ 12,000,000            
Net proceeds from sale of real estate investment, value of (in shares) | shares       2,400,000            
Preferred stock, liquidation preference per share (in usd per share) | $ / shares       $ 5.00            
Preferred stock, dividend rate, percentage 12.00%     9.50%