v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Class A
Par Value
Class F
Par Value
Class I
Par Value
Class E
Par Value
Total shareholders' equity
Additional paid in capital
Earnings less than distributions
Non-controlling Interests
Total
Beginning balance at Dec. 31, 2023 $ 8 $ 63   $ 202 $ 362,208 $ 441,318 $ (79,383) $ 65,856 $ 428,064
Capital contributions         1 1     1
Net income         24,788   24,788 4,486 29,274
Distributions on common shares         (50,265)   (50,265) (50,265)  
Distributions to non-controlling interests               (9,787) (9,787)
Ending balance at Dec. 31, 2024 8 63   202 336,732 441,319 (104,860) 60,555 397,287
Common shares issued 84 52 $ 47   365,399 365,216     365,399
Offering costs         (5,465) (5,465)     (5,465)
Distribution reinvestment         1,420 1,420     1,420
Common shares redeemed       (135) (270,848) (270,713)     (270,848)
Net income         16,446   16,446 5,094 21,540
Distributions on common shares         (46,763)   (46,763)   (46,763)
Distributions to non-controlling interests               (8,885) (8,885)
Reallocation non-controlling measurement adjustment         (30) (30)     (30)
Ending balance at Dec. 31, 2025 $ 92 $ 115 $ 47 $ 67 $ 396,891 $ 531,747 $ (135,177) $ 56,764 $ 453,655