v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investments in real estate, net $ 470,775 $ 476,325
Cash and cash equivalents 27,177 13,248
Restricted cash 5,597 5,596
Real estate related intangibles, net 34,990 36,969
Other assets 11,405 9,193
Total Assets 549,944 541,331
Liabilities and (Deficit)/Equity    
Mortgage notes, net 194,047 194,000
Lease liability - finance lease 98,632 97,573
Accounts payable and accrued expenses 2,503 1,687
Total Liabilities 314,034 309,784
Redeemable non-controlling interest 237,238 226,295
(Deficit)/Equity    
Preferred stock 220 220
Additional paid-in capital 18,546 22,481
Accumulated deficit (20,166) (17,509)
Total (Deficit)/ Equity (1,328) 5,252
Total Liabilities, Redeemable non-controlling interest and (Deficit)/Equity 549,944 541,331
Due to affiliates    
Liabilities and (Deficit)/Equity    
Due to affiliates 17,261 14,945
Nonrelated Party    
Liabilities and (Deficit)/Equity    
Due to affiliates 1,591 1,579
Common stock Class T    
(Deficit)/Equity    
Common stock 0 0
Common stock Class S    
(Deficit)/Equity    
Common stock 0 0
Common stock Class D    
(Deficit)/Equity    
Common stock 0 0
Class I Common Stock    
(Deficit)/Equity    
Common stock 6 5
Common stock Class A-I    
(Deficit)/Equity    
Common stock 28 28
Common stock Class A-II    
(Deficit)/Equity    
Common stock 37 26
Class E Common Stock    
(Deficit)/Equity    
Common stock $ 1 $ 1