Stockholders’ Equity and Distributions (Details Narrative) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 |
Dec. 31, 2025 |
Nov. 09, 2023 |
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| Tax description | U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years. | ||
| Stock repurchase authorized amount | $ 5.0 | ||
| Number of shares purchased | 319,584 | ||
| Average price per share | $ 9.93 | ||
| Share repurchase price | $ 3.2 | ||
| Common stock, shares outstanding | 13,398,307 | 13,257,425 | |
| Operating Partnership Agreement [Member] | |||
| OP units outstanding | 42,362,059 | ||
| Operating Partnership Agreement [Member] | Equity Incentive Plan [Member] | |||
| Shares reserved for future issuance | 42,362,059 | ||
| 5600 Stockholders [Member] | Investment, Affiliated Issuer [Member] | |||
| Shares are held by affiliates of company, which subset of stockholders | 1,086,883 |
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- Definition Income Tax Description. No definition available.
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- Definition Amount authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Number of shares of investment owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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