CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Investment property:
Construction in progress	$ 114,614,484	$ 72,999,787
Investment in unconsolidated affiliated real estate entity	12,998,999	10,793,084
Cash and cash equivalents	8,289,394	11,955,515
Restricted cash and other assets	2,369,666	440,855
Total Assets	138,272,543	96,189,241
Liabilities and Stockholders’ Equity
Mortgage payable, net	63,631,383	14,843,736
Accounts payable, accrued expenses and other liabilities	6,126,029	9,895,523
Subordinated advances - related party	13,825,600	13,638,646
Total Liabilities	83,583,012	38,377,905
Company’s Stockholders’ Equity:
Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding
Common stock, $0.01 par value; 200.0 million shares authorized, 8.4 million and 8.5 million shares issued and outstanding, respectively	83,984	84,777
Additional paid-in-capital	70,480,206	71,157,978
Accumulated deficit	(27,881,782)	(25,651,846)
Total Company’s Stockholders’ Equity	42,682,408	45,590,909
Noncontrolling interests	12,007,123	12,220,427
Total Stockholders’ Equity	54,689,531	57,811,336
Total Liabilities and Stockholders’ Equity	$ 138,272,543	$ 96,189,241