v3.25.1
Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Common Stock Offerings
The following tables show information on the proceeds raised along with any related underwriting sales load and associated offering expenses, and the price at which common stock was issued by the Company, during the three months ended March 31, 2025 and for the year ended December 31, 2024:
Issuance of Common Stock for the Three Months Ended March 31, 2025
(in thousands, except for per share data)
DateNumber of Shares of 
Common Stock Issued
Gross Proceeds RaisedUnderwriting Sales LoadOffering ExpensesGross Offering Price per Share
First quarter 2025 distribution reinvestment3/31/202595 $633 $— $— $6.63 
Total issuance95 $633 $— $— 
Issuance of Common Stock for the Year Ended December 31, 2024
(in thousands, except for per share data)
DateNumber of Shares of 
Common Stock Issued
Gross Proceeds RaisedUnderwriting Sales LoadOffering ExpensesGross Offering Price per Share
First quarter 2024 distribution reinvestment3/29/202493 $828 $— $— $8.87 
First quarter 2024 ATM offering(1)
3/12/2024133 1,308 20 33 $9.88 
Second quarter 2024 distribution reinvestment6/28/2024113 859 — — $7.63 
Second quarter 2024 ATM offering(2)1,994 18,511 278 63 $9.28 
Third quarter 2024 distribution reinvestment9/30/202496 646 — — $6.71 
Fourth quarter 2024 distribution reinvestment12/27/202488 614 — — $6.94 
Total issuance2,517 $22,766 $298 $96 
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(1)Gross offering price per share represents the weighted average price per share issued on March 12, 2024 under the 2022 Sales Agreement.
(2)Gross offering price per share represents the weighted average price per share issued during the period from May 7, 2024 to June 10, 2024 under the 2024 Sales Agreement.