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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Shares of Common Stock
Additional Paid-In Capital
Accumulated Deficit
Non-Controlling Interests
Beginning balance at Dec. 31, 2022 $ 250,070 $ 180 $ 273,863 $ (23,955) $ (18)
Increase (Decrease) in Stockholders' Equity          
Distributions - common stock (18,904)     (18,904)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense—restricted stock and restricted stock units 4,768   4,768    
Distributions to non-controlling interests (139)       (139)
Shares issued through DRIP 3,034   3,034    
Shares repurchased (14,399) (7) (14,392)    
Net (loss) income 4,015     3,873 142
Ending balance at Dec. 31, 2023 228,445 175 267,271 (38,986) (15)
Increase (Decrease) in Stockholders' Equity          
Distributions - common stock (18,708)     (18,708)  
Restricted stock and restricted stock units vesting 0 3 (3)    
Compensation expense—restricted stock and restricted stock units 4,877   4,877    
Distributions to non-controlling interests (195)       (195)
Shares issued through DRIP 3,626 3 3,623    
Shares repurchased (3,495) (2) (3,493)    
Net (loss) income (9,636)     (9,791) 155
Ending balance at Dec. 31, 2024 $ 204,914 $ 179 $ 272,275 $ (67,485) $ (55)