v3.26.1
Condensed Consolidated Statements of Changes in Redeemable Common Shares and Shareholders' Equity - USD ($)
$ in Thousands
Total
Redeemable Common Shares [Member]
Common Stock [Member]
Common Stock Class S [Member]
Common Stock [Member]
Common Stock Class I [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) and Cumulative Distributions [Member]
Temporary equity, balance at Dec. 31, 2024   $ 34,307        
Balance at Dec. 31, 2024 $ 161,532   $ 51 $ 38 $ 166,938 $ (5,495)
Temporary equity, common shares issued   93        
Common shares issued 20,124   5 5 20,114  
Offering costs (1,101)       (1,101)  
Temporary equity, amortization of share grants   15        
Net income 6,063         6,063
Temporary equity, remeasurement of redeemable common shares   259        
Remeasurement of redeemable common shares (259)       (259)  
Distributions declared on common shares (4,302)         (4,302)
Temporary equity, balance at Mar. 31, 2025   34,674        
Balance at Mar. 31, 2025 182,057   56 43 185,692 (3,734)
Temporary equity, balance at Dec. 31, 2025 35,910 35,910        
Balance at Dec. 31, 2025 256,071   74 62 257,060 (1,125)
Temporary equity, common shares issued   716        
Common shares issued 50,828   5 19 50,804  
Offering costs (924)       (924)  
Common shares repurchased (1,459)       (1,459)  
Temporary equity, amortization of share grants   15        
Net income 7,467         7,467
Temporary equity, remeasurement of redeemable common shares   14        
Remeasurement of redeemable common shares (14)       (14)  
Distributions declared on common shares (7,465)         (7,465)
Temporary equity, balance at Mar. 31, 2026 36,655 $ 36,655        
Balance at Mar. 31, 2026 $ 304,504   $ 79 $ 81 $ 305,467 $ (1,123)