XML 88 R79.htm IDEA: XBRL DOCUMENT v3.22.1
Debt - Details of each borrowing under Repurchase agreements(Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Debt Instrument    
Principal Balance $ 567,520,973 $ 480,151,151
Principal amount 173,698,002 43,974,608
UBS Master Repurchase Agreement    
Debt Instrument    
Principal Balance 84,468,000 67,384,000
Carrying Amount 85,838,940 68,509,209
Fair Value 86,195,057 68,981,995
Principal amount 58,169,600 44,569,600
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC    
Debt Instrument    
Principal Balance 39,468,000 39,384,000
Carrying Amount 40,197,784 40,089,153
Fair Value $ 40,222,586 $ 40,130,448
Borrowing Date Nov. 08, 2021 Nov. 08, 2021
Principal amount $ 25,599,600 $ 25,599,600
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC | LIBOR    
Debt Instrument    
Interest Rate 1.45% 1.45%
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC | LIBOR | Floor rate    
Debt Instrument    
Interest Rate 0.10% 0.10%
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC    
Debt Instrument    
Principal Balance $ 28,000,000 $ 28,000,000
Carrying Amount 28,529,857 28,420,056
Fair Value $ 28,861,172 $ 28,851,547
Borrowing Date Nov. 08, 2021 Nov. 08, 2021
Principal amount $ 18,970,000 $ 18,970,000
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC | LIBOR    
Debt Instrument    
Interest Rate 1.74% 1.74%
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC | LIBOR | Floor rate    
Debt Instrument    
Interest Rate 0.10% 0.10%
UBS Master Repurchase Agreement | Grandview’s Madison Place, LLC    
Debt Instrument    
Principal Balance $ 17,000,000  
Carrying Amount 17,111,299  
Fair Value $ 17,111,299  
Borrowing Date Mar. 07, 2022  
UBS Master Repurchase Agreement | Grandview’s Madison Place, LLC | SOFR    
Debt Instrument    
Interest Rate 1.965%  
Uncommitted Master Repurchase Agreement    
Debt Instrument    
Principal Balance $ 163,808,250  
Carrying Amount 164,858,570  
Fair Value 163,518,142  
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC    
Debt Instrument    
Principal Balance 22,800,000  
Carrying Amount 22,903,651  
Fair Value $ 22,638,331  
Borrowing Date Feb. 18, 2022  
Principal amount $ 18,240,000  
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC | SOFR    
Debt Instrument    
Interest Rate 2.015%  
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC | SOFR | Floor rate    
Debt Instrument    
Interest Rate 0.10%  
Uncommitted Master Repurchase Agreement | 1389 Peachtree St, L.P. and Others    
Debt Instrument    
Principal Balance $ 53,970,491  
Carrying Amount 54,221,854  
Fair Value $ 53,083,178  
Borrowing Date Feb. 18, 2022  
Principal amount $ 40,285,866  
Uncommitted Master Repurchase Agreement | 1389 Peachtree St, L.P. and Others | SOFR    
Debt Instrument    
Interest Rate 2.465%  
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC    
Debt Instrument    
Principal Balance $ 43,222,381  
Carrying Amount 43,696,133  
Fair Value $ 43,738,712  
Borrowing Date Feb. 18, 2022  
Principal amount $ 28,094,548  
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC | SOFR    
Debt Instrument    
Interest Rate 1.315%  
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC | SOFR | Floor rate    
Debt Instrument    
Interest Rate 1.80%  
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC    
Debt Instrument    
Principal Balance $ 18,000,000  
Carrying Amount 18,041,590  
Fair Value $ 18,049,540  
Borrowing Date Feb. 18, 2022  
Principal amount $ 14,400,000  
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC | SOFR    
Debt Instrument    
Interest Rate 0.865%  
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC | SOFR | Floor rate    
Debt Instrument    
Interest Rate 1.50%  
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC    
Debt Instrument    
Principal Balance $ 25,815,378  
Carrying Amount 25,995,342  
Fair Value $ 26,008,381  
Borrowing Date Feb. 18, 2022  
Principal amount $ 17,329,135  
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC | SOFR    
Debt Instrument    
Interest Rate 1.365%  
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC | SOFR | Floor rate    
Debt Instrument    
Interest Rate 1.50%