v3.26.1
Redeemable Common Shares and Non-Controlling Interest (Tables)
6 Months Ended
Jun. 30, 2026
Noncontrolling Interest [Abstract]  
Outstanding Shares of Redeemable Common Shares The following table summarizes the changes in the Company’s outstanding redeemable common shares for the six months ended June 30, 2026 and 2025:

 

 

 

For the Six Months Ended June 30,

 

 

2026

 

 

2025

 

Balance at the beginning of the year

 

 

1,225,000

 

 

 

1,225,000

 

Issuance of common shares

 

 

188,987

 

 

 

 

Repurchase of common shares

 

 

(188,987

)

 

 

 

Ending Balance

 

 

1,225,000

 

 

 

1,225,000

 

Activity of Redeemable Non-controlling Interest

The following table details the activity of redeemable non-controlling interests related to the Special Limited Partner for the six months ended June 30, 2026 and 2025:

 

 

 

For the Six Months Ended June 30,

 

 

2026

 

 

2025

 

Balance at the beginning of the year

 

$

514

 

 

$

505

 

Settlement of prior performance participation allocation

 

 

4,068

 

 

 

 

Repurchases

 

 

(1,840

)

 

 

 

GAAP income (loss) allocation

 

 

(9

)

 

 

9

 

Distributions

 

 

(101

)

 

 

(15

)

Fair value allocation

 

 

143

 

 

 

10

 

Ending Balance

 

$

2,775

 

 

$

509