v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Deficit
Beginning balance (in shares) at Dec. 31, 2024   0 17,754,287    
Beginning balance at Dec. 31, 2024 $ 95,113 $ 0 $ 179 $ 206,837 $ (111,903)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares) 489,108   489,108    
Issuance of common stock $ 6,605   $ 4 6,601  
Issuance of common stock through the distribution reinvestment plan (in shares)     115,047    
Issuance of common stock through the distribution reinvestment plan 1,541   $ 1 1,540  
Redemption of common stock (in shares)     (885,632)    
Redemption of common stock (11,935)   $ (10) (11,925)  
Distributions to investors (3,663)       (3,663)
Offering costs (246)     (246)  
Share-based compensation (in shares)     1,343    
Equity based compensation 19     19  
Net loss (798)       (798)
Ending balance (in shares) at Mar. 31, 2025   0 17,474,153    
Ending balance at Mar. 31, 2025 86,636 $ 0 $ 174 202,826 (116,364)
Beginning balance (in shares) at Dec. 31, 2025   0 15,548,468    
Beginning balance at Dec. 31, 2025 $ 69,446 $ 0 $ 154 176,013 (106,721)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares) 1,176,605   1,176,605    
Issuance of common stock $ 15,470   $ 12 15,458  
Issuance of common stock through the distribution reinvestment plan (in shares)     93,561    
Issuance of common stock through the distribution reinvestment plan 1,216   $ 1 1,215  
Redemption of common stock (in shares)     (774,894)    
Redemption of common stock (10,142)   $ (6) (10,136)  
Distributions to investors (3,258)       (3,258)
Offering costs (344)     (344)  
Share-based compensation (in shares)     1,385    
Equity based compensation 18     18  
Net loss (425)       (425)
Ending balance (in shares) at Mar. 31, 2026   0 16,045,125    
Ending balance at Mar. 31, 2026 $ 71,981 $ 0 $ 161 $ 182,224 $ (110,404)