v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Distributions and Net Loss [Member]
Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2024 $ 369,436 $ 36 $ 816,149 $ (467,427) $ 20,678
Balance, shares at Dec. 31, 2024   36,104,130      
Distributions declared (4,898)     (4,898)  
Unrealized gain (loss) on derivatives (2,497)       (2,497)
Reclassification adjustment for amounts included in net loss (2,900)       (2,900)
Equity-based compensation 34   34    
Net loss (2,601)     (2,601)  
Balance at Mar. 31, 2025 356,574 $ 36 816,183 (474,926) 15,281
Balance, shares at Mar. 31, 2025   36,104,130      
Balance at Dec. 31, 2025 $ 325,358 $ 36 816,279 (498,065) 7,108
Balance, shares at Dec. 31, 2025 36,110,108 36,110,108      
Distributions declared $ (4,899)     (4,899)  
Unrealized gain (loss) on derivatives 3,676       3,676
Reclassification adjustment for amounts included in net loss (1,921)       (1,921)
Equity-based compensation 38   38    
Net loss (2,249)     (2,249)  
Balance at Mar. 31, 2026 $ 320,003 $ 36 $ 816,317 $ (505,213) $ 8,863
Balance, shares at Mar. 31, 2026 36,110,108 36,110,108