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Real Estate Assets
3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Real Estate Assets

3. REAL ESTATE ASSETS

The carrying value of the Company’s real estate assets is summarized as follows

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Land

 

$

6,122,065

 

 

$

6,122,065

 

Buildings, improvements, and equipment

 

 

60,600,550

 

 

 

60,571,060

 

Self storage properties

 

 

66,722,615

 

 

 

66,693,125

 

Less: Accumulated depreciation

 

 

(8,707,980

)

 

 

(8,303,059

)

Real estate assets, net

 

$

58,014,635

 

 

$

58,390,066