RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Schedule of Related-Party Costs Incurred by the Company and Amounts Payable to the Manager

The following table summarizes the related party costs incurred by the Company for the three months ended March 31, 2026 and 2025, and amounts payable to the Company’s Manager as of March 31, 2026 and December 31, 2025 ($ in thousands):

	Incurred				Payable
	For the Three Months Ended March 31,				As of
	2026		2025		March 31, 2026		December 31, 2025
Affiliate Payments
Management fees	$	2,400	$	2,567	$	2,400	$	2,420
Incentive fees	—		—		—		—
General and administrative expenses	787		1,003		1,651		1,641
Direct costs (1)	48		28		34		—
Total	$	3,235	$	3,598	$	4,085	$	4,061

_______________________________

(1)For the three months ended March 31, 2026 and 2025, direct costs incurred are included within general and administrative expenses in the Company’s consolidated statements of operations.