v3.25.2
STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Common Stock, Class I
Common Stock
Common Stock, Class T
Common Stock
Balance at Dec. 31, 2023 $ 2,651 $ 2,722 $ (29) $ (43) $ 1  
Proceeds from issuance of common stock 305 305        
Offering costs (9) (9)        
Proceeds from distribution reinvestment plan 1 1        
Common stock distributions declared (61)   (61)      
Equity-based compensation 60 60        
Net loss (132)   (132)      
Comprehensive income (loss) from Operating Partnership 7     7    
Balance at Jun. 30, 2024 2,822 3,079 (222) (36) 1  
Balance at Mar. 31, 2024 2,754 2,882 (109) (20) 1  
Proceeds from issuance of common stock 205 205        
Offering costs (9) (9)        
Proceeds from distribution reinvestment plan 1 1        
Common stock distributions declared (31)   (31)      
Net loss (82)   (82)      
Comprehensive income (loss) from Operating Partnership (16)     (16)    
Balance at Jun. 30, 2024 2,822 3,079 (222) (36) 1  
Balance at Dec. 31, 2024 4,678 5,242 (464) (102) 2  
Proceeds from issuance of common stock 3,344 3,343       $ 1
Offering costs (164) (164)        
Proceeds from distribution reinvestment plan 33 33        
Common stock distributions declared (168)   (168)      
Net loss (311)   (311)      
Comprehensive income (loss) from Operating Partnership (99)     (99)    
Balance at Jun. 30, 2025 7,313 8,454 (943) (201) 2 1
Balance at Mar. 31, 2025 5,539 6,366 (673) (156) 2  
Proceeds from issuance of common stock 2,181 2,180       1
Offering costs (114) (114)        
Proceeds from distribution reinvestment plan 22 22        
Common stock distributions declared (97)   (97)      
Net loss (173)   (173)      
Comprehensive income (loss) from Operating Partnership (45)     (45)    
Balance at Jun. 30, 2025 $ 7,313 $ 8,454 $ (943) $ (201) $ 2 $ 1