v3.25.4
Redeemable Common Shares and Non-Controlling Interest (Tables)
12 Months Ended
Dec. 31, 2025
Noncontrolling Interest [Abstract]  
Outstanding Shares of Redeemable Common Shares The following table summarizes the changes in the Company's outstanding redeemable common shares for the years ended December 31, 2025 and 2024:

 

 

 

For the Year Ended December 31,

 

 

2025

 

 

2024

 

Balance at the beginning of the year

 

 

1,225,000

 

 

 

 

Issuance of common shares

 

 

 

 

 

1,225,000

 

Ending Balance

 

 

1,225,000

 

 

 

1,225,000

 

Activity of Redeemable Non-controlling Interest

The following table details the activity of redeemable non-controlling interests related to the Special Limited Partner for the years ended December 31, 2025 and 2024:

 

 

 

For the Year Ended December 31,

 

 

2025

 

 

2024

 

Balance at the beginning of the year

 

$

505

 

 

$

 

Issuance

 

 

-

 

 

 

500

 

GAAP income allocation

 

 

11

 

 

 

10

 

Distributions

 

 

(33

)

 

 

(21

)

Fair value allocation

 

 

31

 

 

 

16

 

Ending Balance

 

$

514

 

 

$

505