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Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income (loss) $ 4,851,323 $ (6,854,210)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 12,437,021 11,403,603
Stock compensation expense 1,521,002 9,790,206
Amortization of deferred rents (4,378,863) (4,528,120)
Amortization of deferred lease incentives (1,391)  
Amortization of deferred lease incentives   217,537
Amortization of deferred financing costs and premium/discount 664,488 556,134
Amortization of (below) above market lease intangibles, net (634,798) (596,194)
Impairment of real estate investment property 0 3,499,438
Decrease (increase) in fair value of investment in common and preferred stock 20,574 (440,000)
(Gain) loss on sale of real estate investments (3,359,807) 1,708,801
Unrealized loss (gain) on interest rate swap valuation 1,683,479 (2,781,840)
Income from unconsolidated investment in a real estate property (222,574) (207,506)
Distributions from unconsolidated investment in a real estate property 786,316 179,121
Change in operating assets and liabilities:    
(Increase) decrease in tenant deferred rent and other receivables (194,900) 242,711
Increase in prepaid expenses and other assets (628,623) (104,467)
Decrease (increase) in accounts payable, accrued and other liabilities 291,813 (875,048)
Net cash provided by operating activities 12,835,060 11,210,166
Cash Flows from Investing Activities:    
Acquisitions of real estate investments (5,183,443) (122,778,215)
Additions to existing real estate investments (1,762,700) (1,744,462)
Net proceeds from sale of real estate investments 15,022,626 34,737,474
Purchase deposits, net 1,152,499 (1,259,452)
Net proceeds from sale of investment in common stock 652,118 0
Refund of lease incentives 0 48,731
Net cash provided by (used in) investing activities 9,881,100 (90,995,924)
Cash Flows from Financing Activities:    
Borrowings from credit facility term loan 0 100,000,000
Repayments of credit facility revolver, net 0 (3,000,000)
Principal payments on mortgage notes payable (188,932) (10,230,160)
Proceeds from offering of common stock, net 3,260,959 0
Repurchases of common stock and Class C OP Units (11,532,768) (1,129,162)
Dividends paid to preferred stockholders (2,765,625) (2,765,625)
Net cash (used in) provided by financing activities (19,020,727) 76,818,719
Net increase (decrease) in cash and cash equivalents 3,695,433 (2,967,039)
Cash and cash equivalents, beginning of period 3,129,414 8,608,649
Cash and cash equivalents, end of period 6,824,847 5,641,610
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 10,055,180 8,675,670
Supplemental Schedule of Noncash Investing and Financing Activities:    
Distribution of GIPR common stock to Class C Common Stock and Class C OP Units 10,361,454 0
Receipt of GIPR common stock in exchange of GIPR preferred stock (11,038,658) 0
Investment in preferred stock 0 9,620,000
Accrued real estate improvements 0 2,350,000
Issuance of Class C OP Units in the acquisition of a real estate investment 0 5,175,284
Reinvested distributions from common stockholders 1,610,542 1,716,399
Increase in accrued distribution 149,237 33,787
Supplemental disclosure related to changes in real estate investments held for sale, net:    
Real estate investments held for sale, net (11,557,689) 3,372,461
Other assets related to real estate investments held for sale (103,337) 33,393
Other liabilities related to real estate investments held for sale (248,727) 44,468
Class C OP Units    
Cash Flows from Financing Activities:    
Distributions paid to common stockholders and Class C OP Unit holders (7,794,361) (6,056,334)
Supplemental Schedule of Noncash Investing and Financing Activities:    
Conversion and Exchange of stock class (17,704,879) 0
CS    
Supplemental Schedule of Noncash Investing and Financing Activities:    
Conversion and Exchange of stock class $ 59,413,212 $ 0