Real Estate Assets (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Summary of Carrying Value of Real Estate Assets

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

	September 30, 2020			December 31, 2019
Land	$	6,122,065		$	6,122,065
Buildings, improvements, and equipment		60,307,933			57,178,338
Construction in progress	—				1,532,235
Self storage properties		66,429,998			64,832,638
Less: Accumulated depreciation		(6,264,716	)		(5,080,485	)
Real estate assets, net	$	60,165,282		$	59,752,153