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CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Distributions and Net Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2022 $ 451,058 $ 36 $ 814,949 $ (398,097) $ 34,170
Balance, shares at Dec. 31, 2022   36,184,058      
Distributions declared (9,813)     (9,813)  
Proceeds from distribution reinvestment plan 3,522   3,522    
Proceeds from distribution reinvestment plan, shares   175,878      
Shares repurchased (2,641)   (2,641)    
Shares repurchased, shares   (165,289)      
Unrealized gain on derivatives 9,625       9,625
Reclassification adjustment for amounts included in net loss (7,334)       (7,334)
Equity-based compensation 44   44    
Equity based compensation, shares   1,469      
Net Income (Loss) (7,564)     (7,564)  
Balance at Jun. 30, 2023 436,897 $ 36 815,874 (415,474) 36,461
Balance, shares at Jun. 30, 2023   36,196,116      
Balance at Mar. 31, 2023 433,772 $ 36 815,856 (408,260) 26,140
Balance, shares at Mar. 31, 2023   36,216,874      
Distributions declared (4,901)     (4,901)  
Proceeds from distribution reinvestment plan 1,747   1,747    
Proceeds from distribution reinvestment plan, shares   87,963      
Shares repurchased (1,751)   (1,751)    
Shares repurchased, shares   (110,190)      
Unrealized gain on derivatives 14,170       14,170
Reclassification adjustment for amounts included in net loss (3,849)       (3,849)
Equity-based compensation 22   22    
Equity based compensation, shares   1,469      
Net Income (Loss) (2,313)     (2,313)  
Balance at Jun. 30, 2023 436,897 $ 36 815,874 (415,474) 36,461
Balance, shares at Jun. 30, 2023   36,196,116      
Balance at Dec. 31, 2023 $ 408,355 $ 36 816,047 (432,854) 25,126
Balance, shares at Dec. 31, 2023 36,163,852 36,163,852      
Distributions declared $ (9,801)     (9,801)  
Proceeds from distribution reinvestment plan 3,359   3,359    
Proceeds from distribution reinvestment plan, shares   172,165      
Shares repurchased (3,359)   (3,359)    
Shares repurchased, shares   (215,164)      
Unrealized gain on derivatives 13,253       13,253
Reclassification adjustment for amounts included in net loss (8,659)       (8,659)
Equity-based compensation 47   47    
Net Income (Loss) (6,541)     (6,541)  
Balance at Jun. 30, 2024 $ 396,654 $ 36 816,094 (449,196) 29,720
Balance, shares at Jun. 30, 2024 36,120,853 36,120,853      
Balance at Mar. 31, 2024 $ 405,868 $ 36 816,071 (441,094) 30,855
Balance, shares at Mar. 31, 2024   36,142,573      
Distributions declared (4,899)     (4,899)  
Proceeds from distribution reinvestment plan 1,668   1,668    
Proceeds from distribution reinvestment plan, shares   86,992      
Shares repurchased (1,668)   (1,668)    
Shares repurchased, shares   (108,712)      
Unrealized gain on derivatives 3,187       3,187
Reclassification adjustment for amounts included in net loss (4,322)       (4,322)
Equity-based compensation 23   23    
Net Income (Loss) (3,203)     (3,203)  
Balance at Jun. 30, 2024 $ 396,654 $ 36 $ 816,094 $ (449,196) $ 29,720
Balance, shares at Jun. 30, 2024 36,120,853 36,120,853