v3.26.3
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Distributions and Net Loss [Member]
Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2024 $ 369,436 $ 36 $ 816,149 $ (467,427) $ 20,678
Balance, shares at Dec. 31, 2024   36,104,130      
Distributions declared (14,692)     (14,692)  
Unrealized gain (loss) on derivatives (2,330)       (2,330)
Reclassification adjustment for amounts included in net loss (8,791)       (8,791)
Equity-based compensation 101   101    
Net loss (6,718)     (6,718)  
Balance at Sep. 30, 2025 337,006 $ 36 816,250 (488,837) 9,557
Balance, shares at Sep. 30, 2025   36,104,130      
Balance at Jun. 30, 2025 346,251 $ 36 816,217 (481,980) 11,978
Balance, shares at Jun. 30, 2025   36,104,130      
Distributions declared (4,896)     (4,896)  
Unrealized gain (loss) on derivatives 539       539
Reclassification adjustment for amounts included in net loss (2,960)       (2,960)
Equity-based compensation 33   33    
Net loss (1,961)     (1,961)  
Balance at Sep. 30, 2025 337,006 $ 36 816,250 (488,837) 9,557
Balance, shares at Sep. 30, 2025   36,104,130      
Balance at Dec. 31, 2025 $ 325,358 $ 36 816,279 (498,065) 7,108
Balance, shares at Dec. 31, 2025 36,110,108 36,110,108      
Distributions declared $ (14,681)     (14,681)  
Proceeds from distribution reinvestment plan 63   63    
Proceeds from distribution reinvestment plan, shares   3,787      
Shares repurchased (2,001)   (2,001)    
Shares repurchased, shares   (118,489)      
Unrealized gain (loss) on derivatives 18,120       18,120
Reclassification adjustment for amounts included in net loss (5,772)       (5,772)
Equity-based compensation 115   115    
Net loss (2,041)     (2,041)  
Balance at Sep. 30, 2026 $ 319,161 $ 36 814,456 (514,787) 19,456
Balance, shares at Sep. 30, 2026 35,995,406 35,995,406      
Balance at Jun. 30, 2026 $ 318,472 $ 36 815,374 (509,037) 12,099
Balance, shares at Jun. 30, 2026   36,052,080      
Distributions declared (4,891)     (4,891)  
Proceeds from distribution reinvestment plan 43   43    
Proceeds from distribution reinvestment plan, shares   2,577      
Shares repurchased (1,000)   (1,000)    
Shares repurchased, shares   (59,251)      
Unrealized gain (loss) on derivatives 9,315       9,315
Reclassification adjustment for amounts included in net loss (1,958)       (1,958)
Equity-based compensation 39   39    
Net loss (859)     (859)  
Balance at Sep. 30, 2026 $ 319,161 $ 36 $ 814,456 $ (514,787) $ 19,456
Balance, shares at Sep. 30, 2026 35,995,406 35,995,406