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Real Estate Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Summary of Carry Value of Real Estate Assets

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

 

 

 

December 31,

2019

 

 

December 31,

2018

 

Land

 

$

6,122,065

 

 

$

5,493,814

 

Buildings, improvements, and equipment

 

 

57,178,338

 

 

 

51,879,327

 

Construction in progress

 

 

1,532,235

 

 

 

94,816

 

Self storage properties

 

 

64,832,638

 

 

 

57,467,957

 

Less: Accumulated depreciation

 

 

(5,080,485

)

 

 

(3,656,220

)

Real estate assets, net

 

$

59,752,153

 

 

$

53,811,737