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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Real estate assets, net $ 55,856,225 $ 56,884,160
Cash and cash equivalents 6,695,712 6,363,610
Restricted cash 209,763 151,397
Investments in securities 2,200,887 2,366,153
Accounts receivable 204,790 168,299
Prepaid expenses and other assets 847,731 479,458
Line of credit issuance costs, net 76,201 152,402
Interest rate cap 92,649 123,152
Goodwill 694,121 694,121
Total assets 66,878,079 67,382,752
Liabilities and equity    
Note payable, net 17,033,431 17,420,854
Accounts payable and accrued expenses 1,959,774 1,622,784
Total liabilities 18,993,205 19,043,638
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares outstanding
Common stock, $0.01 par value: 450,000,000 shares authorized; 11,142,970 shares and 11,109,077 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 111,430 111,091
Additional paid in capital 49,155,801 49,029,712
Accumulated deficit (1,382,357) (801,689)
Total stockholders' equity 47,884,874 48,339,114
Total liabilities and stockholders' equity $ 66,878,079 $ 67,382,752