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CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Shares of Common Stock
Additional Paid-In Capital
(Accumulated Deficit)
Non- Controlling Interest
Beginning balance at Dec. 31, 2022 $ 250,070 $ 180 $ 273,863 $ (23,955) $ (18)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,847)     (4,847)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,410   1,410    
Shares issued through DRIP 763   763    
Net (loss) income (4,062)     (4,098) 36
Ending balance at Mar. 31, 2023 243,334 182 276,034 (32,900) 18
Beginning balance at Dec. 31, 2022 250,070 180 273,863 (23,955) (18)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income 5,716        
Ending balance at Sep. 30, 2023 236,797 177 269,273 (32,662) 9
Beginning balance at Mar. 31, 2023 243,334 182 276,034 (32,900) 18
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,816)     (4,816)  
Compensation expense - restricted stock and restricted stock units 1,193   1,193    
Distributions to non-controlling interests (37)       (37)
Shares issued through DRIP 670   670    
Shares repurchased (5,836) (3) (5,833)    
Net (loss) income 11,238     11,202 36
Ending balance at Jun. 30, 2023 245,746 179 272,064 (26,514) 17
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,654)     (4,654)  
Compensation expense - restricted stock and restricted stock units 1,473   1,473    
Distributions to non-controlling interests (42)       (42)
Shares issued through DRIP 684   684    
Shares repurchased (4,950) (2) (4,948)    
Net (loss) income (1,460)     (1,494) 34
Ending balance at Sep. 30, 2023 236,797 177 269,273 (32,662) 9
Beginning balance at Dec. 31, 2023 228,445 175 267,271 (38,986) (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,641)     (4,641)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,342   1,342    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 931   931    
Shares repurchased (2,267) (1) (2,266)    
Net (loss) income (3,136)     (3,171) 35
Ending balance at Mar. 31, 2024 220,614 176 267,276 (46,798) (40)
Beginning balance at Dec. 31, 2023 228,445 175 267,271 (38,986) (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income (7,612)        
Ending balance at Sep. 30, 2024 209,767 178 270,406 (60,716) (101)
Beginning balance at Mar. 31, 2024 220,614 176 267,276 (46,798) (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,678)     (4,678)  
Restricted stock and restricted stock units vesting 0 1 (1)    
Compensation expense - restricted stock and restricted stock units 1,090   1,090    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 947 1 946    
Shares repurchased (930) (1) (929)    
Net (loss) income (2,309)     (2,345) 36
Ending balance at Jun. 30, 2024 214,674 177 268,382 (53,821) (64)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,690)     (4,690)  
Compensation expense - restricted stock and restricted stock units 1,189   1,189    
Distributions to non-controlling interests (75)       (75)
Shares issued through DRIP 951 1 950    
Shares repurchased (115)   (115)    
Net (loss) income (2,167)     (2,205) 38
Ending balance at Sep. 30, 2024 $ 209,767 $ 178 $ 270,406 $ (60,716) $ (101)