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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Real estate assets and lease intangibles:      
Land $ 18,082,521 $ 18,827,000 $ 19,844,739
Buildings and improvements 110,786,670 115,409,423 118,446,764
Tenant improvements 12,466,083 11,960,018 10,696,181
Lease intangibles 4,110,139 4,110,139 4,230,706
Real estate assets and lease intangibles held for investment, cost 145,445,413 150,306,580 153,218,390
Accumulated depreciation and amortization (29,564,702) (26,551,789) (22,482,219)
Real estate assets and lease intangibles held for investment, net 115,880,711 123,754,791 130,736,171
Real estate assets held for sale, net 10,006,947 42,499,176 69,470,449
Real estate assets, net 125,887,658 166,253,967 200,206,620
Cash, cash equivalents and restricted cash 27,816,296 11,540,917 10,391,275
Deferred leasing costs, net 1,258,134 1,927,951 2,053,927
Goodwill 2,423,000 2,423,000 2,423,000
Other assets, net 4,449,538 3,422,781 5,709,586
TOTAL ASSETS 161,834,626 185,568,616 220,784,408
Liabilities:      
Mortgage notes payable, net 86,061,131 94,664,266 99,996,306
Mortgage notes payable related to properties held for sale, net 194,549 25,365,430 42,396,686
Mortgage notes payable, total net 86,255,680 120,029,696 142,392,992
Note payable, net 7,500,086 12,238,692
Accounts payable and accrued liabilities 4,704,493 5,126,199 5,673,815
Accrued real estate taxes 1,508,006 2,548,686 2,987,601
Dividends payable preferred stock 179,685  
Lease liability, net 82,439 102,323 560,188
Below-market leases, net 86,852 139,045 309,932
Total liabilities 92,817,155 135,446,035 164,163,220
Commitments and contingencies (Note 10)    
Equity:      
Preferred stock, value 9,200  
Series A Common Stock, $0.01 par value, shares authorized: 100,000,000; 9,508,363 and 8,881,842 shares were both issued and outstanding at December 31, 2020 and December 31, 2019, respectively 114,902 95,038 88,818
Additional paid-in capital 185,727,368 156,463,146 152,129,120
Dividends and accumulated losses (128,207,540) (121,674,505) (113,037,144)
Total stockholders’ equity before noncontrolling interest 57,643,930 34,883,679 39,180,794
Noncontrolling interest 11,373,541 15,238,902 17,440,394
Total equity 69,017,471 50,122,581 56,621,188
TOTAL LIABILITIES AND EQUITY $ 161,834,626 $ 185,568,616 $ 220,784,408