XML 50 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
Equity Interest in Unconsolidated Investments - Schedule of Equity Method Investments JV (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Equity Method Investments    
Total assets $ 115,902,944 $ 124,339,151
Mortgage loan payable 0 14,948,604
Other liabilities 11,229 410,075
Total liabilities 55,080,526 50,933,856
Members’ capital 60,822,418 73,405,295
Net loss (12,500,968) (5,625,115)
Corporate Joint Venture    
Schedule of Equity Method Investments    
Net investments in real estate 111,358,643 118,332,211
Other assets 9,938,437 8,658,923
Total assets 121,297,080 126,991,134
Mortgage loan payable 77,405,608 77,223,082
Other liabilities 4,246,486 5,501,677
Total liabilities 81,652,094 82,724,759
Members’ capital 39,644,986 44,266,375
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)