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Equity Interest in Unconsolidated Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Joint Venture Ownership Interests
The following table presents a summary of the Company’s equity interest in unconsolidated investments as of:
December 31, 2024December 31, 2023
EntityCo-ownerBeneficial Ownership Interest Carrying ValueBeneficial Ownership Interest Carrying Value
SF - Dallas Industrial, LLC (1)
Affiliate80.0%$33,618,816 80.0%$35,690,795 
610 Walnut Investors LLC (2)
Third party33.6%2,672,380 42.4%4,740,915 
$36,291,196 $40,431,710 
_______________
(1)On December 28, 2022, the Company originated a $10.0 million mezzanine loan to a borrower to finance the acquisition of a real estate portfolio. Additionally, the Company entered into a residual profit-sharing agreement with the borrower in
which the borrower would pay the Company an additional amount of 35.0% of remaining net cash flow from the sale of the real estate portfolio. The Company accounted for the entire arrangement as equity interest in unconsolidated investment. In May 2023, the Company made a cash payment of $27.4 million and settled the $10.0 million mezzanine loan in exchange for an 80.0% equity interest in a joint venture that owns the real estate portfolio. Terra REIT owns the other 20.0% of the joint venture.
(2)In November 2023, the Company contributed $5.1 million to a joint venture that owns a real estate property.

The following table presents a summary of equity income of and distributions received from the Company’s equity interest in unconsolidated investments:
Years Ended December 31,
20242023
Loss from equity interest in unconsolidated investments$(3,874,927)$(1,004,325)
Distributions received from unconsolidated investments$266,115 $998,998 
Schedule of Equity Method Investments
The following tables present estimated combined summarized financial information of the Company’s equity interest in the joint ventures. Amounts provided are the total amounts attributable to the joint ventures and do not represent the Company’s proportionate share:
December 31, 2024December 31, 2023
Net investments in real estate$111,358,643 $118,332,211 
Other assets9,938,437 8,658,923 
Total assets121,297,080 126,991,134 
Mortgage loan payable77,405,608 77,223,082 
Other liabilities4,246,486 5,501,677 
Total liabilities81,652,094 82,724,759 
Members’ capital$39,644,986 $44,266,375 
Years Ended December 31,
20242023
Revenues$6,661,797 $3,691,288 
Operating expenses(2,805,537)(1,095,303)
Depreciation and amortization expense(5,391,063)(2,638,988)
Interest expense(6,137,513)(2,216,318)
Net loss$(7,672,316)$(2,259,321)