v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity  
Schedule of length of time use to calculate repurchase price

Share Purchase Anniversary

  ​ ​ ​

Repurchase Price on Repurchase Date

Less than 1 year

 

No Repurchase Allowed

1 year

 

92.5% of most recent Estimated Per Share NAV

2 years

 

95.0% of most recent Estimated Per Share NAV

3 years

 

97.5% of most recent Estimated Per Share NAV

4 years

 

100.0% of most recent Estimated Per Share NAV

In the event of a stockholder’s death or disability

 

100.0% of most recent Estimated Per Share NAV

Schedule of share repurchase program

Requests

Received

Number

Repurchase

During

of Share

$ Amount

Average

Requests

Share

3 Months

Repurchases

Date

Shares

of Shares

$ Amount

Requests

Outstanding at

Class

Ended

Requested

Repurchased

Repurchased

Repurchased

per share

Withdrawn

March 31, 2026

K

6/30/2023

59,587

(1)

8/23/2023

16,090

$

184,422

$

11.46

-

-

12/7/2023

13,110

$

149,824

$

11.43

-

-

3/7/2024

4,654

$

53,189

$

11.43

-

-

5/8/2024

2,531

$

29,078

$

11.49

-

-

5/21/2025

559

$

5,678

$

10.17

-

-

9/2/2025

535

$

5,438

$

10.17

671

-

12/8/2025

989

$

10,062

$

10.17

-

-

3/6/2026

731

$

7,437

$

10.17

19,717

K

9/30/2023

10,274

(1)

12/7/2023

3,097

$

35,704

$

11.53

-

-

3/7/2024

1,099

$

12,675

$

11.53

-

-

5/8/2024

596

$

6,868

$

11.53

-

-

5/21/2025

132

$

1,341

$

10.17

-

-

9/2/2025

130

$

1,324

$

10.17

-

-

12/8/2025

241

$

2,451

$

10.17

-

-

3/6/2026

178

$

1,811

$

10.17

-

4,801

K

12/31/2023

52,823

(1)

3/7/2024

10,801

$

124,535

$

11.53

-

-

5/8/2024

4,118

$

47,486

$

11.53

-

-

5/21/2025

912

$

9,276

$

10.17

-

-

9/2/2025

900

$

9,155

$

10.17

-

-

12/8/2025

1,665

$

16,942

$

10.17

-

-

3/6/2026

983

$

9,998

$

10.17

6,937

26,507

K

3/31/2024

56,794

(1)

5/8/2024

9,864

$

113,731

$

11.53

-

-

5/21/2025

1,129

$

11,485

$

10.17

-

-

9/2/2025

891

$

9,062

$

10.17

9,183

-

12/8/2025

1,649

$

16,770

$

10.17

1,366

-

3/6/2026

1,170

$

11,898

$

10.17

658

30,884

K

6/30/2024

142,529

(1)

8/22/2024

19,615

$

199,490

$

10.17

-

-

11/5/2024

19,258

$

195,853

$

10.17

-

-

2/13/2025

19,879

$

202,170

$

10.17

2,457

-

5/21/2025

8,921

$

90,730

$

10.17

-

-

9/2/2025

1,762

$

17,919

$

10.17

-

-

12/8/2025

3,260

$

33,157

$

10.17

-

3/6/2026

2,410

$

24,506

$

10.17

-

64,967

K

9/30/2024

40,088

(1)

11/5/2024

230

$

2,338

$

10.17

-

-

2/13/2025

265

$

2,693

$

10.17

-

-

5/21/2025

1,946

$

19,786

$

10.17

-

-

9/2/2025

916

$

9,318

$

10.17

-

-

12/8/2025

1,695

$

17,241

$

10.17

-

-

3/6/2026

1,253

$

12,743

$

10.17

-

33,783

K

12/31/2024

42,948

(1)

5/21/2025

1,037

$

10,511

$

10.17

-

-

9/2/2025

1,020

$

10,373

$

10.17

4,896

-

12/8/2025

1,662

$

16,896

$

10.17

-

-

3/6/2026

1,228

$

12,487

$

10.17

-

33,105

K

3/31/2025

20,042

(1)

5/21/2025

4,842

$

49,241

$

10.17

-

-

9/2/2025

370

$

3,762

$

10.17

-

-

12/8/2025

685

$

6,961

$

10.17

-

-

3/6/2026

506

$

5,145

$

10.17

-

13,639

K

6/30/2025

32,542

(1)

9/2/2025

12,746

$

129,628

$

10.17

9,757

-

12/8/2025

463

$

4,712

$

10.17

-

-

3/6/2026

342

$

3,483

$

10.17

-

9,234

K

9/30/2025

40,889

(1)

12/8/2025

6,656

$

67,696

$

10.17

-

3/6/2026

1,225

$

12,452

$

10.17

-

33,008

K

12/31/2025

78,008

(1)

3/6/2026

9,057

$

92,114

$

10.17

-

68,951

K

3/31/2026

70,588

(1)

TBD

-

$

-

$

-

-

70,588

Total K Share repurchase requests outstanding

409,184

Received

Number

Repurchase

During

of Share

$ Amount

Average

Requests

Share

3 Months

Repurchases

Date

Shares

of Shares

$ Amount

Requests

Outstanding at

Class

Ended

Requested

Repurchased

Repurchased

Repurchased

per share

Withdrawn

March 31, 2026

K-I

6/30/2023

5,591

(1)

8/23/2023

1,101

$

12,625

$

11.47

1,036

-

12/7/2023

1,041

$

12,003

$

11.53

-

-

3/7/2024

370

$

4,261

$

11.52

-

-

5/8/2024

200

$

2,309

$

11.55

-

-

5/21/2025

44

$

451

$

10.17

-

-

9/2/2025

44

$

445

$

10.17

-

-

12/8/2025

81

$

824

$

10.17

-

-

3/6/2026

60

$

609

$

10.17

-

1,614

K-I

12/31/2023

1,595

(1)

3/7/2024

244

$

2,675

$

10.96

-

-

5/8/2024

140

$

1,526

$

10.90

-

-

5/21/2025

30

$

296

$

9.92

-

-

9/2/2025

29

$

292

$

10.17

-

-

12/8/2025

53

$

541

$

10.17

-

-

3/6/2026

39

$

400

$

10.17

-

1,060

K-I

3/31/2024

1,613

(1)

5/8/2024

158

$

1,823

$

11.53

-

-

5/21/2025

35

$

356

$

10.17

-

-

9/2/2025

-

$

-

$

-

1,420

-

K-I

12/31/2024

18,240

(1)

5/21/2025

439

$

4,464

$

10.17

-

-

9/2/2025

433

$

4,406

$

10.17

-

12/8/2025

801

$

8,152

$

10.17

-

3/6/2026

593

$

6,026

$

10.17

-

15,974

K-I

3/31/2025

5,000

(1)

5/21/2025

123

$

1,224

$

9.92

-

-

9/2/2025

119

$

1,207

$

10.17

-

-

12/8/2025

220

$

2,234

$

10.17

-

-

3/6/2026

162

$

1,651

$

10.17

-

4,376

K-I

9/30/2025

8,208

(1)

12/8/2025

379

$

3,853

$

10.17

-

3/6/2026

280

$

2,847

$

10.17

-

7,549

K-I

12/31/2025

588

(1)

3/6/2026

21

$

213

$

10.17

-

567

K-I

3/31/2026

4,004

(1)

TBD

-

$

-

$

-

-

4,004

Total K-I Share repurchase requests outstanding

35,144

(1)Our board of directors determined that the funding limitation under the A&R SRP was reached in the referenced quarter with respect to share repurchase requests, as there were insufficient net proceeds from the DRIP to fund all share repurchase requests.
Schedule of share distributions

During the three months ended March 31, 2026, the Company’s board of directors authorized the payment of K Share distributions as follows:

Shares

Amount

Date

Outstanding

Date

Record

Per Share

Distributions

Paid

Date

Authorized

Date

Per Day

K Share

K-I Share

OP Unit

Total

2/11/2026

12/31/2025

2/3/2026

2/10/2026

$0.001917808

$

681,398

$

252,796

$

22,606

$

956,800

During the three months ended March 31, 2025, the Company’s board of directors authorized the payment of distributions as follows:

Shares

Amount

Date

Outstanding

Date

Record

Per Share

Distributions

Paid

Date

Authorized

Date

Per Day

K Share

K-I Share

OP Unit

Total

1/17/2025

12/31/2024

1/14/2025

1/16/2025

$0.001912568

$

684,394

$

245,671

$

22,544

$

952,609