CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues | ||||||||||||
| Rental income | $ 61,400 | $ 60,899 | $ 184,258 | $ 183,569 | ||||||||
| Other income | [1] | 3,068 | 1,930 | 8,363 | 5,625 | |||||||
| Total revenues | 64,468 | 62,829 | 192,621 | 189,194 | ||||||||
| Expenses | ||||||||||||
| Property operating expenses | 15,409 | 13,366 | 42,355 | 38,363 | ||||||||
| Real estate taxes and insurance | 8,224 | 7,325 | 24,506 | 24,812 | ||||||||
| Property management fees | [2] | 1,804 | 1,785 | 5,446 | 5,411 | |||||||
| Advisory and administrative fees | [3] | 1,832 | 1,755 | 5,401 | 5,176 | |||||||
| Corporate general and administrative expenses | 4,943 | 4,839 | 14,127 | 13,795 | ||||||||
| Property general and administrative expenses | 2,662 | 2,557 | 7,434 | 6,700 | ||||||||
| Depreciation and amortization | 23,231 | 23,783 | 71,415 | 72,192 | ||||||||
| Total expenses | 58,105 | 55,410 | 170,684 | 166,449 | ||||||||
| Operating income | 6,363 | 7,419 | 21,937 | 22,745 | ||||||||
| Interest expense | (18,076) | (15,459) | (49,347) | (45,002) | ||||||||
| Casualty gain (loss) | 1 | 5 | 1 | (163) | ||||||||
| Equity in earnings of affiliate | 117 | 69 | 290 | 183 | ||||||||
| Miscellaneous income | 63 | 145 | 161 | 431 | ||||||||
| Net loss | (11,532) | (7,821) | (26,958) | (21,806) | ||||||||
| Net loss attributable to redeemable noncontrolling interests in the OP | (46) | (31) | (107) | (86) | ||||||||
| Net loss attributable to common stockholders | (11,486) | (7,790) | (26,851) | (21,720) | ||||||||
| Other comprehensive loss | ||||||||||||
| Unrealized losses on interest rate derivatives | (885) | (6,339) | (8,613) | (22,953) | ||||||||
| Total comprehensive loss | (12,417) | (14,160) | (35,571) | (44,759) | ||||||||
| Comprehensive loss attributable to redeemable noncontrolling interests in the OP | (49) | (56) | (141) | (176) | ||||||||
| Comprehensive loss attributable to common stockholders | $ (12,368) | $ (14,104) | $ (35,430) | $ (44,583) | ||||||||
| Weighted average common shares outstanding - basic | 25,550 | 25,364 | 25,489 | 25,398 | ||||||||
| Weighted average common shares outstanding - diluted | [4] | 25,550 | 25,364 | 25,489 | 25,398 | |||||||
| Loss per share - basic | $ (0.45) | $ (0.31) | $ (1.05) | $ (0.86) | ||||||||
| Loss per share - diluted | $ (0.45) | $ (0.31) | $ (1.05) | $ (0.86) | ||||||||
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| X | ||||||||||
- Definition Comprehensive income attributable to redeemable non controlling interests in operating partnership. No definition available.
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- Definition Corporate general and administrative expenses. No definition available.
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- Definition Equity in earnings of affiliate. No definition available.
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| X | ||||||||||
- Definition Miscellaneous income. No definition available.
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| X | ||||||||||
- Definition Property management fees. No definition available.
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| X | ||||||||||
- Definition Related party advisory and administrative fees. No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense incurred and directly related to generating revenue by lessor from operating lease of rented property and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to redeemable noncontrolling partner in an operating partnership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of real estate taxes and insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of (gain) loss for an event or transaction that is unusual in nature or occurs infrequently, or both. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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