CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Investment property:
Land and improvements	$ 35,845,388	$ 35,845,388
Building and improvements	83,440,195	82,935,141
Furniture and fixtures	10,248,757	10,457,932
Construction in progress	90,465	270,007
Gross investment property	129,624,805	129,508,468
Less accumulated depreciation	(3,812,920)	(2,905,386)
Net investment property	125,811,885	126,603,082
Investment in unconsolidated affiliated real estate entity	9,628,234	9,736,742
Cash and cash equivalents	4,094,932	6,726,475
Restricted cash	1,005,344	1,005,344
Accounts receivable and other assets	1,353,802	1,399,872
Total Assets	141,894,197	145,471,515
Liabilities and Stockholders’ Equity
Mortgage payable, net	85,351,880	83,666,224
Accounts payable, accrued expenses and other liabilities	6,042,382	6,333,078
Subordinated advances - related party	14,059,036	14,012,553
Total Liabilities	105,453,298	104,011,855
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, 8.3 million shares issued and outstanding	82,839	83,064
Additional paid-in-capital	69,383,454	69,607,889
Accumulated deficit	(42,749,147)	(38,921,944)
Total Company’s Stockholders’ Equity	26,717,146	30,769,009
Noncontrolling interests	9,723,753	10,690,651
Total Stockholders’ Equity	36,440,899	41,459,660
Total Liabilities and Stockholders’ Equity	$ 141,894,197	$ 145,471,515