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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Assets    
Real estate assets, net $ 55,481,220 $ 56,884,160
Cash and cash equivalents 6,921,779 6,363,610
Restricted cash 106,767 151,397
Investments in securities 2,775,029 2,366,153
Accounts receivable 169,410 168,299
Prepaid expenses and other assets 629,196 479,458
Interest rate cap 50,881 123,152
Line of credit issuance costs, net 50,801 152,402
Goodwill 694,121 694,121
Total assets 66,879,204 67,382,752
Liabilities and stockholders' equity    
Note payable, net 16,901,219 17,420,854
Accounts payable and accrued expenses 1,731,958 1,622,784
Total liabilities 18,633,177 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; 11,153,513 shares and 11,109,077 shares issued and outstanding at December 31, 2023 and 2022, respectively 111,535 111,091
Additional paid in capital 49,229,020 49,029,712
Accumulated deficit (1,094,528) (801,689)
Total stockholders' equity 48,246,027 48,339,114
Total liabilities and stockholders' equity $ 66,879,204 $ 67,382,752