v3.26.1
OPERATING PARTNERSHIP UNITS (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Total Stock Compensation Expense
Stock compensation expense for the OP Unit awards and for stock issued to the board of directors for the years ended December 31, 2025 and 2024, was as follows (in thousands):
Year Ended
December 31,
20252024
Class P OP Units$— $89 
Class R OP Units— 1,222 
Class X OP Units2,675 — 
OP Units stock compensation expense2,675 1,311
Class C Common Stock issued to the board of directors240 275 
Total stock compensation expense$2,915 $1,586 
Schedule of Distributions and Allocations of Net (Loss) Gain
Class C OP Units and Class X OP Units received the following distributions and allocations of net income (loss) during the years ended December 31, 2025 and 2024, as follows (in thousands):
Year Ended
December 31,
20252024
Class C and Class X OP Units distributions paid$2,622 $1,919 
Class C and Class X OP Units net (loss) income allocation$(514)$475