v3.26.1
Condensed Consolidated Statements of Changes in Redeemable Common Shares and Shareholders' Equity - USD ($)
$ in Thousands
Total
Redeemable Common Shares [Member]
Common Stock [Member]
Common Stock Class S [Member]
Common Stock [Member]
Common Stock Class I [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit and Cumulative Distributions [Member]
Temporary equity, balance at Dec. 31, 2024   $ 34,307        
Balance at Dec. 31, 2024 $ 161,532   $ 51 $ 38 $ 166,938 $ (5,495)
Temporary equity, Common shares issued (transferred)   352        
Common shares issued (transferred) 45,415   12 11 45,392  
Offering costs (2,470)       (2,470)  
Common shares repurchased (255)       (255)  
Temporary equity, amortization of share grants   30        
Net income 12,655         12,655
Temporary equity, remeasurement of redeemable common shares   424        
Remeasurement of redeemable common shares (424)       (424)  
Distributions declared on common shares (9,802)         (9,802)
Temporary equity, balance at Jun. 30, 2025   35,113        
Balance at Jun. 30, 2025 206,651   63 49 209,181 (2,642)
Temporary equity, balance at Mar. 31, 2025   34,674        
Balance at Mar. 31, 2025 182,057   56 43 185,692 (3,734)
Temporary equity, Common shares issued (transferred)   260        
Common shares issued (transferred) 25,290   7 6 25,277  
Offering costs (1,369)       (1,369)  
Common shares repurchased (255)       (255)  
Temporary equity, amortization of share grants   15        
Net income 6,591         6,591
Temporary equity, remeasurement of redeemable common shares   164        
Remeasurement of redeemable common shares (164)       (164)  
Distributions declared on common shares (5,499)         (5,499)
Temporary equity, balance at Jun. 30, 2025   35,113        
Balance at Jun. 30, 2025 206,651   63 49 209,181 (2,642)
Temporary equity, balance at Dec. 31, 2025 35,910 35,910        
Balance at Dec. 31, 2025 256,071   74 62 257,060 (1,125)
Temporary equity, Common shares issued (transferred)   827        
Common shares issued (transferred) 78,567   11 28 78,528  
Offering costs (2,050)       (2,050)  
Common shares repurchased (7,823)     (4) (7,819)  
Temporary equity, amortization of share grants   30        
Net income 14,234         14,234
Temporary equity, remeasurement of redeemable common shares   (102)        
Remeasurement of redeemable common shares 102       102  
Distributions declared on common shares (15,170)         (15,170)
Temporary equity, balance at Jun. 30, 2026 36,665 36,665        
Balance at Jun. 30, 2026 323,931   85 86 325,821 (2,061)
Temporary equity, balance at Mar. 31, 2026   36,655        
Balance at Mar. 31, 2026 304,504   79 81 305,467 (1,123)
Temporary equity, Common shares issued (transferred)   111        
Common shares issued (transferred) 27,739   6 9 27,724  
Offering costs (1,126)       (1,126)  
Common shares repurchased (6,364)     (4) (6,360)  
Temporary equity, amortization of share grants   15        
Net income 6,766         6,766
Temporary equity, remeasurement of redeemable common shares   (116)        
Remeasurement of redeemable common shares 116       116  
Distributions declared on common shares (7,704)         (7,704)
Temporary equity, balance at Jun. 30, 2026 36,665 $ 36,665        
Balance at Jun. 30, 2026 $ 323,931   $ 85 $ 86 $ 325,821 $ (2,061)