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 (9,796)     (9,796)  
Unrealized gain (loss) on derivatives (2,869)       (2,869)
Reclassification adjustment for amounts included in net income (loss) (5,831)       (5,831)
Equity-based compensation 68   68    
Net income (loss) (4,757)     (4,757)  
Balance at Jun. 30, 2025 346,251 $ 36 816,217 (481,980) 11,978
Balance, shares at Jun. 30, 2025   36,104,130      
Balance at Mar. 31, 2025 356,574 $ 36 816,183 (474,926) 15,281
Balance, shares at Mar. 31, 2025   36,104,130      
Distributions declared (4,898)     (4,898)  
Unrealized gain (loss) on derivatives (372)       (372)
Reclassification adjustment for amounts included in net income (loss) (2,931)       (2,931)
Equity-based compensation 34   34    
Net income (loss) (2,156)     (2,156)  
Balance at Jun. 30, 2025 346,251 $ 36 816,217 (481,980) 11,978
Balance, shares at Jun. 30, 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 $ (9,790)     (9,790)  
Proceeds from distribution reinvestment plan 20   20    
Proceeds from distribution reinvestment plan, shares   1,210      
Shares repurchased (1,001)   (1,001)    
Shares repurchased, shares   (59,238)      
Unrealized gain (loss) on derivatives 8,805       8,805
Reclassification adjustment for amounts included in net income (loss) (3,814)       (3,814)
Equity-based compensation 76   76    
Net income (loss) (1,182)     (1,182)  
Balance at Jun. 30, 2026 $ 318,472 $ 36 815,374 (509,037) 12,099
Balance, shares at Jun. 30, 2026 36,052,080 36,052,080      
Balance at Mar. 31, 2026 $ 320,003 $ 36 816,317 (505,213) 8,863
Balance, shares at Mar. 31, 2026   36,110,108      
Distributions declared (4,891)     (4,891)  
Proceeds from distribution reinvestment plan 20   20    
Proceeds from distribution reinvestment plan, shares   1,210      
Shares repurchased (1,001)   (1,001)    
Shares repurchased, shares   (59,238)      
Unrealized gain (loss) on derivatives 5,129       5,129
Reclassification adjustment for amounts included in net income (loss) (1,893)       (1,893)
Equity-based compensation 38   38    
Net income (loss) 1,067     1,067  
Balance at Jun. 30, 2026 $ 318,472 $ 36 $ 815,374 $ (509,037) $ 12,099
Balance, shares at Jun. 30, 2026 36,052,080 36,052,080