v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Deficit
Balance (in shares) at Dec. 31, 2022   0 22,433,154    
Balance at Dec. 31, 2022 $ 178,551 $ 0 $ 225 $ 278,007 $ (99,681)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares) 1,139,674   1,139,674    
Issuance of common stock $ 17,548   $ 11 17,537  
Issuance of common stock through the distribution reinvestment plan (in shares)     611,422    
Issuance of common stock through the distribution reinvestment plan 8,948   $ 6 8,942  
Redemption of common stock (in shares)     (4,344,396)    
Redemption of common stock (65,112)   $ (44) (65,068)  
Distributions to investors (17,072)       (17,072)
Other offering costs (2,889)     (2,889)  
Equity based compensation (shares)     4,077    
Equity based compensation 63     63  
Net income (loss) 19,146       19,146
Balance (in shares) at Dec. 31, 2023   0 19,843,931    
Balance at Dec. 31, 2023 $ 139,183 $ 0 $ 198 236,592 (97,607)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares) 392,905   392,905    
Issuance of common stock $ 5,385   $ 5 5,380  
Issuance of common stock through the distribution reinvestment plan (in shares)     498,836    
Issuance of common stock through the distribution reinvestment plan 6,777   $ 5 6,772  
Redemption of common stock (in shares)     (2,986,773)    
Redemption of common stock (40,623)   $ (29) (40,594)  
Distributions to investors (14,225)       (14,225)
Other offering costs (1,390)     (1,390)  
Equity based compensation (shares)     5,388    
Equity based compensation 77     77  
Net income (loss) (71)       (71)
Balance (in shares) at Dec. 31, 2024   0 17,754,287    
Balance at Dec. 31, 2024 $ 95,113 $ 0 $ 179 206,837 (111,903)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares) 749,025   749,025    
Issuance of common stock $ 10,068   $ 6 10,062  
Issuance of common stock through the distribution reinvestment plan (in shares)     460,040    
Issuance of common stock through the distribution reinvestment plan 6,118   $ 4 6,114  
Redemption of common stock (in shares)     (3,420,345)    
Redemption of common stock (45,674)   $ (35) (45,639)  
Distributions to investors (15,363)       (15,363)
Other offering costs (1,435)     (1,435)  
Equity based compensation (shares)     5,461    
Equity based compensation 74     74  
Net income (loss) 20,545       20,545
Balance (in shares) at Dec. 31, 2025   0 15,548,468    
Balance at Dec. 31, 2025 $ 69,446 $ 0 $ 154 $ 176,013 $ (106,721)