Quarterly report pursuant to Section 13 or 15(d)

Real Estate Assets

v3.22.2.2
Real Estate Assets
9 Months Ended
Sep. 30, 2022
Real Estate [Abstract]  
Real Estate Assets

3. REAL ESTATE ASSETS

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

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Land

 

$

6,122,065

 

 

$

6,122,065

 

Buildings, improvements, and equipment

 

 

60,652,964

 

 

 

60,571,060

 

Self storage properties

 

 

66,775,029

 

 

 

66,693,125

 

Less: Accumulated depreciation

 

 

(9,517,403

)

 

 

(8,303,059

)

Real estate assets, net

 

$

57,257,626

 

 

$

58,390,066