v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Common Stock
Class A Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Gain (Loss)
Distributions in excess of accumulated earnings
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2023 [1]     2,334,340          
Beginning balance at Dec. 31, 2023 $ 224,794 $ 224,794 $ 23 [1]   $ 729,644 [1] $ 406 $ (505,279) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock issued to the Advisor (in shares) [1]     70,607          
Common stock issued to the Advisor 533 533 $ 1 [1]   532 [1]      
Equity-based compensation (in shares) [1]     (953)          
Equity-based compensation 54 54     54 [1]      
Net loss (7,608) (7,608)         (7,608)  
Other comprehensive loss (406) (406)       (406)    
Ending balance (in shares) at Mar. 31, 2024 [1]     2,403,994          
Ending balance at Mar. 31, 2024 $ 217,367 217,367 $ 24 [1]   730,230 [1] 0 (512,887) 0
Beginning balance (in shares) at Dec. 31, 2024 2,634,355     2,634,355        
Beginning balance at Dec. 31, 2024 $ 85,586 85,586   $ 27 731,429 0 (645,870) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 92 92     92      
Net loss $ (8,592) (8,592)         (8,592)  
Ending balance (in shares) at Mar. 31, 2025 2,634,355     2,634,355        
Ending balance at Mar. 31, 2025 $ 77,086 $ 77,086   $ 27 $ 731,521 $ 0 $ (654,462) $ 0
[1] Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1).