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Schedule III - Real Estate and Accumulated Depreciation and Amortization - Balances (Details) - USD ($)
1 Months Ended 12 Months Ended
Jul. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Balance at the beginning of the year   $ 183,238,901 $ 165,316,008
Acquisitions   9,729,351 21,909,963
Improvements   2,261,826 6,663,116
Impairments $ (700,000) (1,784,311) (2,398,097)
Dispositions of real estate   (23,489,755) (8,252,089)
Balance at the end of the year   169,956,012 183,238,901
Balance at the beginning of the year   (39,083,117) (34,803,778)
Depreciation and amortization expense   (5,021,653) (4,925,463)
Dispositions of real estate   1,745,258 646,124
Balance at the end of the year   (42,359,512) [1] (39,083,117)
Real estate assets, net   $ 127,596,500 $ 144,155,784
[1] Depreciation is computed on a straight-line basis using useful lives up to 39 years.