v3.26.1
Consolidated Statements of Changes in Redeemable Common Shares and Shareholders' Equity - USD ($)
$ in Thousands
Total
Additional Paid-in Capital [Member]
Accumulated Deficit and Cumulative Distributions [Member]
Class E Redeemable Common Shares [Member]
Common Stock Class S [Member]
Common Stock [Member]
Common Stock Class I [Member]
Common Stock [Member]
Temporary equity, balance at Jul. 13, 2023       $ 0    
Balance at Jul. 13, 2023 $ 0          
Temporary equity, common shares issued       32,061    
Common shares issued 6,569 $ 6,565     $ 3 $ 1
Offering costs (2,749) (2,749)        
Temporary equity, amortization of share grants       5    
Net income (loss) (1,745)   $ (1,745)      
Temporary equity, remeasurement of redeemable common shares       133    
Remeasurement of redeemable common shares (133) (133)        
Distributions declared on common shares (see Note 9) (246)   (246)      
Temporary equity, balance at Dec. 31, 2023       32,199    
Balance at Dec. 31, 2023 1,696 3,683 (1,991)   3 1
Temporary equity, common shares issued       1,373    
Common shares issued 172,539 172,454     48 37
Offering costs (8,464) (8,464)        
Temporary equity, amortization of share grants       60    
Net income (loss) 7,680   7,680      
Temporary equity, remeasurement of redeemable common shares       675    
Remeasurement of redeemable common shares (735) (735)        
Distributions declared on common shares (see Note 9) (11,184)   (11,184)      
Temporary equity, balance at Dec. 31, 2024 34,307     34,307    
Balance at Dec. 31, 2024 161,532 166,938 (5,495)   51 38
Temporary equity, common shares issued       683    
Common shares issued 105,248 105,196     25 27
Offering costs (4,625) (4,625)        
Temporary equity, amortization of share grants       60    
Common shares repurchased (9,594) (9,589)     (2) (3)
Net income (loss) 29,635   29,635      
Temporary equity, remeasurement of redeemable common shares       860    
Remeasurement of redeemable common shares (860) (860)        
Distributions declared on common shares (see Note 9) (25,265)   (25,265)      
Temporary equity, balance at Dec. 31, 2025 35,910     $ 35,910    
Balance at Dec. 31, 2025 $ 256,071 $ 257,060 $ (1,125)   $ 74 $ 62