v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Series A Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Series A Preferred Stock
Common Stock
Class P Common Stock
Common Stock
Class A Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Class P Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Class A Common Stock
Additional Paid in Capital
Additional Paid in Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Deficit
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjusted Balance
Balance at Dec. 31, 2022 $ 278,557 $ (5,122) $ 273,435 $ 4 $ 4 $ 9 $ 1 $ 9 $ 1 $ 339,470 $ 339,470 $ (60,927) $ (5,122) $ (66,049)
Accounting Standards Update [Extensible Enumeration]                         Accounting Standards Update 2016-13 [Member]  
Proceeds from issuance of common stock 342                 342        
Repurchase and retirement of preferred stock (83)                 (104)   21    
Offering costs (243)                 (243)        
Net Income (Loss) (4,438)                     (4,438)    
Common stock distributions declared (12,597)                     (12,597)    
Preferred stock distributions declared (5,981)                     (5,981)    
Distribution reinvestment 85                 85        
Equity-based compensation 31                 31        
Balance at Dec. 31, 2023 250,551     4   9 1     339,581   (89,044)    
Offering costs (87)                 (87)        
Net Income (Loss) 12,669                     12,669    
Common stock distributions declared (12,603)                     (12,603)    
Preferred stock distributions declared (5,981)                     (5,981)    
Equity-based compensation 30                 30        
Balance at Dec. 31, 2024 244,579     4   9 1     339,524   (94,959)    
Reimbursement of offering costs (Note 10) 1,800                 1,800        
Net Income (Loss) (1,574)                     (1,574)    
Common stock distributions declared (12,606)                     (12,606)    
Preferred stock distributions declared (5,981)                     (5,981)    
Equity-based compensation 30                 30        
Balance at Dec. 31, 2025 $ 226,248     $ 4   $ 9 $ 1     $ 341,354   $ (115,120)