v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions in Excess of Net Income
Beginning balance (in shares) at Dec. 31, 2022     147,964,954    
Beginning balance at Dec. 31, 2022   $ 421,668 $ 1,480 $ 1,275,833 $ (855,645)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss $ (157,533) (157,533)     (157,533)
Issuance of common stock (in shares)     1,900,374    
Issuance of common stock   16,249 $ 19 16,230  
Transfers from redeemable common stock   33,392   33,392  
Redemptions of common stock (in shares)     (1,349,082)    
Redemptions of common stock   (12,142) $ (14) (12,128)  
Distributions declared   (34,194)     (34,194)
Other offering costs   (28)   (28)  
Ending balance (in shares) at Dec. 31, 2023     148,516,246    
Ending balance at Dec. 31, 2023   267,412 $ 1,485 1,313,299 (1,047,372)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss $ (10,851) (10,851)     (10,851)
Other offering costs   (2)   (2)  
Ending balance (in shares) at Dec. 31, 2024 148,516,246   148,516,246    
Ending balance at Dec. 31, 2024   256,559 $ 1,485 1,313,297 (1,058,223)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss $ (78,756) (78,756)     (78,756)
Ending balance (in shares) at Dec. 31, 2025 148,516,246   148,516,246    
Ending balance at Dec. 31, 2025   $ 177,803 $ 1,485 $ 1,313,297 $ (1,136,979)