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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, 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, 2024 204,914 179 272,275 (67,485) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,732)     (4,732)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,142   1,142    
Distributions to non-controlling interests (53)       (53)
Shares issued through DRIP 808   808    
Shares repurchased (1,382) (1) (1,381)    
Net (loss) income (2,308)     (2,352) 44
Ending balance at Mar. 31, 2025 $ 198,389 $ 180 $ 272,842 $ (74,569) $ (64)