v3.26.1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings/Accumulated Deficit and Cumulative Distributions [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non-controlling Interest Attributable to Consolidated Subsidiaries [Member]
Non-controlling Interest Attributable To CFIT OP Unitholders [Member]
Series A Preferred Stock [Member]
Common Stock [Member]
Class AX [Member]
Class AX [Member]
Common Stock [Member]
Class TX [Member]
Class TX [Member]
Common Stock [Member]
Class IX [Member]
Class IX [Member]
Common Stock [Member]
Class I [Member]
Class I [Member]
Common Stock [Member]
Class T [Member]
Class T [Member]
Common Stock [Member]
Class D [Member]
Class D [Member]
Common Stock [Member]
Class S [Member]
Class S [Member]
Common Stock [Member]
Beginning balance at Dec. 31, 2024 $ 509,793,899   $ 341,284,670 $ (115,660,304) $ 748,843 $ 240,759,920 $ 42,534,643     $ 35,341   $ 61   $ 11,297   $ 59,358   $ 14,373   $ 5,626   $ 71
Beginning balance, shares at Dec. 31, 2024                   3,534,113   6,067   1,129,756   5,935,802   1,437,326   562,589   7,099
Common stock issued (transferred) 2,344,423   2,343,288                         $ 897   $ 234   $ 4    
Common stock issued (transferred), shares                               89,640   23,298   498    
Common stock repurchased (9,268,973)   (9,264,454)             $ (2,139)       $ (112)   $ (1,645)   $ (499)   $ (107)   $ (17)
Common stock repurchased, shares                   (213,921)       (11,261)   (164,475)   (49,894)   (10,725)   (1,759)
Distribution reinvestment 1,413,930   1,413,240             $ 228   $ 1   $ 75   $ 288   $ 72   $ 26    
Distribution reinvestment, shares                   22,803   50   7,528   28,849   7,248   2,578   39
Offering costs, commissions and fees (90,762)   (90,762)                                      
Net income (loss) (685,197)     (448,536)   (153,083) (83,578)                              
Distributions declared on common stock (4,754,048)     (4,754,048)                                    
Designated derivatives, fair value adjustments (1,425,661)       (155,129) (1,283,094) 12,562                              
Acquired or syndicated ownership interests 291,505   291,505                                      
Non-controlling interests 13,083,339         (3,040,672) 16,124,011                              
Ending balance at Mar. 31, 2025 510,702,455   335,977,487 (120,862,888) 593,714 236,283,071 58,587,638     $ 33,430   $ 62   $ 11,260   $ 58,898   $ 14,180   $ 5,549   $ 54
Ending balance, shares at Mar. 31, 2025                   3,342,995   6,117   1,126,023   5,889,816   1,417,978   554,940   5,379
Beginning balance at Dec. 31, 2024 509,793,899   341,284,670 (115,660,304) 748,843 240,759,920 42,534,643     $ 35,341   $ 61   $ 11,297   $ 59,358   $ 14,373   $ 5,626   $ 71
Beginning balance, shares at Dec. 31, 2024                   3,534,113   6,067   1,129,756   5,935,802   1,437,326   562,589   7,099
Common stock repurchased $ (16,769,154)                                          
Common stock repurchased, shares (825,250)                                          
Ending balance at Jun. 30, 2025 $ 493,878,625   331,545,749 (127,295,012) 526,302 231,675,486 57,304,852     $ 32,067   $ 48   $ 11,274   $ 58,614   $ 13,727   $ 5,464   $ 54
Ending balance, shares at Jun. 30, 2025                   3,206,684   4,780   1,127,395   5,861,368   1,372,745   546,388   5,400
Beginning balance at Dec. 31, 2024 509,793,899   341,284,670 (115,660,304) 748,843 240,759,920 42,534,643     $ 35,341   $ 61   $ 11,297   $ 59,358   $ 14,373   $ 5,626   $ 71
Beginning balance, shares at Dec. 31, 2024                   3,534,113   6,067   1,129,756   5,935,802   1,437,326   562,589   7,099
Common stock issued (transferred), shares                 3,084,294   4,927   1,022,507   5,250,219   1,267,374   472,659   5,437  
Distribution reinvestment   $ 34,367,416                                        
Ending balance at Dec. 31, 2025 $ 470,336,381   311,469,572 (142,009,065) 474,811 245,843,330 54,446,577     $ 30,925   $ 49   $ 10,225   $ 52,502   $ 12,674   $ 4,727   $ 54
Ending balance, shares at Dec. 31, 2025 11,107,417               3,092,474 3,092,474 4,927 4,927 1,022,507 1,022,507 5,250,219 5,250,219 1,267,374 1,267,374 472,659 472,659 5,437 5,437
Beginning balance at Mar. 31, 2025 $ 510,702,455   335,977,487 (120,862,888) 593,714 236,283,071 58,587,638     $ 33,430   $ 62   $ 11,260   $ 58,898   $ 14,180   $ 5,549   $ 54
Beginning balance, shares at Mar. 31, 2025                   3,342,995   6,117   1,126,023   5,889,816   1,417,978   554,940   5,379
Common stock issued (transferred) 1,712,101   1,711,250                         $ 828   $ 23        
Common stock issued (transferred), shares                               82,730   2,338        
Common stock repurchased $ (7,500,181)   (7,496,448)             $ (1,589)   $ (14)   $ (64)   $ (1,407)   $ (546)   $ (113)    
Common stock repurchased, shares (373,215)                 (158,926)   (1,378)   (6,378)   (140,675)   (54,603)   (11,255)    
Distribution reinvestment $ 1,405,746   1,405,049             $ 226       $ 78   $ 295   $ 70   $ 28    
Distribution reinvestment, shares                   22,615   41   7,750   29,497   7,032   2,703   21
Offering costs, commissions and fees (51,589)   (51,589)                                      
Net income (loss) (2,747,728)     (1,720,288)   (702,163) (325,277)                              
Distributions declared on common stock (4,711,836)     (4,711,836)                                    
Designated derivatives, fair value adjustments (783,287)       (67,412) (704,959) (10,916)                              
Non-controlling interests (4,147,056)         (3,200,463) (946,593)                              
Ending balance at Jun. 30, 2025 493,878,625   331,545,749 (127,295,012) 526,302 231,675,486 57,304,852     $ 32,067   $ 48   $ 11,274   $ 58,614   $ 13,727   $ 5,464   $ 54
Ending balance, shares at Jun. 30, 2025                   3,206,684   4,780   1,127,395   5,861,368   1,372,745   546,388   5,400
Beginning balance at Dec. 31, 2025 $ 470,336,381   311,469,572 (142,009,065) 474,811 245,843,330 54,446,577     $ 30,925   $ 49   $ 10,225   $ 52,502   $ 12,674   $ 4,727   $ 54
Beginning balance, shares at Dec. 31, 2025 11,107,417               3,092,474 3,092,474 4,927 4,927 1,022,507 1,022,507 5,250,219 5,250,219 1,267,374 1,267,374 472,659 472,659 5,437 5,437
Common stock issued (transferred) $ 13,094,952   13,088,278                         $ 6,059   $ 592   $ 23    
Common stock issued (transferred), shares                               605,807   59,331   2,317    
Common stock repurchased (11,171,248)   (11,165,705)             $ (888)       $ (232)   $ (3,409)   $ (696)   $ (318)    
Common stock repurchased, shares                   (88,790)       (23,220)   (340,912)   (69,643)   (31,768)    
Distribution reinvestment 873,143   872,705             $ 131       $ 60   $ 199   $ 34   $ 14    
Distribution reinvestment, shares                   13,144   10   5,969   19,947   3,383   1,383   12
Offering costs, commissions and fees (74,641)   (74,641)                                      
Net income (loss) (3,875,225)     (2,516,025)   (374,118) (985,082)                              
Distributions declared on common stock (2,795,571)     (2,795,571)                                    
Designated derivatives, fair value adjustments 199,817       654,780 (853,026) 398,063                              
Acquired or syndicated ownership interests (13,363,779)   (13,363,779)                                      
Non-controlling interests 11,088,365         (58,874,166) 69,962,531                              
Ending balance at Mar. 31, 2026 464,312,194   300,826,430 (147,320,661) 1,129,591 185,742,020 123,822,089     $ 30,168   $ 49   $ 10,053   $ 55,351   $ 12,604   $ 4,446   $ 54
Ending balance, shares at Mar. 31, 2026                   3,016,828   4,937   1,005,256   5,535,061   1,260,445   444,591   5,449
Beginning balance at Dec. 31, 2025 $ 470,336,381   311,469,572 (142,009,065) 474,811 245,843,330 54,446,577     $ 30,925   $ 49   $ 10,225   $ 52,502   $ 12,674   $ 4,727   $ 54
Beginning balance, shares at Dec. 31, 2025 11,107,417               3,092,474 3,092,474 4,927 4,927 1,022,507 1,022,507 5,250,219 5,250,219 1,267,374 1,267,374 472,659 472,659 5,437 5,437
Common stock issued (transferred), shares                 2,863,195   4,947   986,005   5,269,114   1,197,472   424,049   5,462  
Common stock repurchased $ (22,566,034)                                          
Common stock repurchased, shares (1,115,772)                                          
Distribution reinvestment   $ 36,143,550                                        
Ending balance at Jun. 30, 2026 $ 558,833,383   308,078,683 (140,856,346) 1,022,377 182,942,502 207,530,584 $ 8,000   $ 28,714   $ 49   $ 9,860   $ 52,691   $ 11,974   $ 4,241   $ 54
Ending balance, shares at Jun. 30, 2026 10,750,244             800,000 2,871,375 2,871,375 4,947 4,947 986,005 986,005 5,269,114 5,269,114 1,197,472 1,197,472 424,049 424,049 5,462 5,462
Beginning balance at Mar. 31, 2026 $ 464,312,194   300,826,430 (147,320,661) 1,129,591 185,742,020 123,822,089     $ 30,168   $ 49   $ 10,053   $ 55,351   $ 12,604   $ 4,446   $ 54
Beginning balance, shares at Mar. 31, 2026                   3,016,828   4,937   1,005,256   5,535,061   1,260,445   444,591   5,449
Common stock issued (transferred) 55,000   54,973                             $ 27        
Common stock issued (transferred), shares                                   2,702        
Preferred stock issued 20,000,000   19,992,000         $ 8,000                            
Preferred stock issued, shares               800,000                            
Common stock repurchased $ (11,394,786)   (11,389,171)             $ (1,580)       $ (251)   $ (2,877)   $ (689)   $ (218)    
Common stock repurchased, shares (561,441)                 (157,986)       (25,107)   (287,672)   (68,898)   (21,778)    
Distribution reinvestment $ 902,990   902,544             $ 126       $ 58   $ 217   $ 32   $ 13    
Distribution reinvestment, shares                   12,533   10   5,856   21,725   3,223   1,236   13
Offering costs, commissions and fees (2,122,414)   (2,122,414)                                      
Net income (loss) 13,519,744     9,664,736   (189,729) 4,044,737                              
Distributions declared on common stock (2,763,161)     (2,763,161)                                    
Distributions declared on series A preferred stock 437,260     (437,260)                                    
Designated derivatives, fair value adjustments 378,649       (107,214) 274,725 211,138                              
Acquired or syndicated ownership interests (185,679)   (185,679)                                      
Non-controlling interests 76,568,106         (2,884,514) 79,452,620                              
Ending balance at Jun. 30, 2026 $ 558,833,383   $ 308,078,683 $ (140,856,346) $ 1,022,377 $ 182,942,502 $ 207,530,584 $ 8,000   $ 28,714   $ 49   $ 9,860   $ 52,691   $ 11,974   $ 4,241   $ 54
Ending balance, shares at Jun. 30, 2026 10,750,244             800,000 2,871,375 2,871,375 4,947 4,947 986,005 986,005 5,269,114 5,269,114 1,197,472 1,197,472 424,049 424,049 5,462 5,462