v3.25.1
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Distributions and Net Loss [Member]
Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2023 $ 408,355 $ 36 $ 816,047 $ (432,854) $ 25,126
Balance, shares at Dec. 31, 2023   36,163,852      
Distributions declared (4,902)     (4,902)  
Proceeds from distribution reinvestment plan 1,691   1,691    
Proceeds from distribution reinvestment plan, shares   85,173      
Shares repurchased (1,691)   (1,691)    
Shares repurchased, shares   (106,452)      
Unrealized (loss) gain on derivatives 10,066       10,066
Reclassification adjustment for amounts included in net loss (4,337)       (4,337)
Equity-based compensation 24   24    
Net Income (Loss) (3,338)     (3,338)  
Balance at Mar. 31, 2024 405,868 $ 36 816,071 (441,094) 30,855
Balance, shares at Mar. 31, 2024   36,142,573      
Balance at Dec. 31, 2024 $ 369,436 $ 36 816,149 (467,427) 20,678
Balance, shares at Dec. 31, 2024 36,104,130 36,104,130      
Distributions declared $ (4,898)     (4,898)  
Shares repurchased 0        
Unrealized (loss) gain on derivatives (2,497)       (2,497)
Reclassification adjustment for amounts included in net loss (2,900)       (2,900)
Equity-based compensation 34   34    
Net Income (Loss) (2,601)     (2,601)  
Balance at Mar. 31, 2025 $ 356,574 $ 36 $ 816,183 $ (474,926) $ 15,281
Balance, shares at Mar. 31, 2025 36,104,130 36,104,130