NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Net Loss Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share for each class of the Company’s common stock which had shares outstanding during the relevant period.












									Year Ended December 31, 2025
									Class A						Class I						Class T						Class D						Class N						Class M-I						Class T2						Class Z
Basic and diluted net income per share:
			Allocation of net income before performance fee						$	4,272					$	11,402					$	48					$	2,402					$	731					$	625					$	868					$	197
			Allocation of performance fees						—						—						—						—						—						—						—						—
			Total Numerator						$	4,272					$	11,402					$	48					$	2,402					$	731					$	625					$	868					$	197


			Denominator - weighted average number of common shares outstanding						3,512,004						9,374,452						39,698						1,975,206						601,011						513,540						713,146						162,072

Basic and diluted income per share:									$	1.22					$	1.22					$	1.22					$	1.21					$	1.22					$	1.22					$	1.22					$	1.22
									Year Ended December 31, 2024
									Class A						Class I						Class T						Class D						Class N						Class M-I						Class T2						Class Z
Basic and diluted net loss per share:
			Allocation of net loss before performance fee						$	(16)					$	(40)					$	—					$	(9)					$	(2)					$	(2)					$	(2)					$	—
			Allocation of performance fees						—						—						—						—						—						—						—						—
			Total Numerator						$	(16)					$	(40)					$	—					$	(9)					$	(2)					$	(2)					$	(2)					$	—
			Denominator - weighted average number of common shares outstanding						4,022,239						10,470,590						76,363						2,417,109						598,446						523,678						652,279						75,000

Basic and diluted net loss per share:									$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
									Year Ended December 31, 2023
									Class A						Class I						Class T						Class D						Class N						Class M-I						Class T2						Class Z
Basic and diluted net income per share:
			Allocation of net income before performance fee						$	3,898					$	10,935					$	133					$	2,571					$	592					$	396					$	552					$	69
			Allocation of performance fees						—						—						—						—						—						—						—						—
			Total Numerator						$	3,898					$	10,935					$	133					$	2,571					$	592					$	396					$	552					$	69
			Denominator - weighted average number of common shares outstanding						4,246,287						11,913,698						145,425						2,801,141						644,502						431,114						601,718						75,000

Basic and diluted net income per share:									$	0.92					$	0.92					$	0.92					$	0.92					$	0.92					$	0.92					$	0.92					$	0.92