SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of restricted common stock transactions

The following table summarizes the Company’s restricted common stock transactions:

	Manager			Directors			Total Number of Shares			Weighted-Average Grant-Date Fair Value
Unvested shares at January 1, 2024		375,001			41,674			416,675		$	14.07
Issued		297,148			38,096			335,244			13.90
Vested		(151,909	)		(25,472	)		(177,381	)		14.52
Unvested shares at June 30, 2024		520,240			54,298			574,538		$	13.83

Summary of unvested restricted common stock expected to vest

The unvested restricted common stock shares are expected to vest during the following years:

	Shares
2024		—
2025		245,952
2026		164,293
2027		82,139
2028		82,154
Total		574,538