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Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q and determined that there have not been any events that have occurred that would require adjustments to disclosures in the condensed consolidated financial statements other than the following:
As discussed in Note 10 Related Party Transactions and Arrangements, under the Advisory Agreement, the Advisor elected to receive compensation in shares. On April 30, 2026, the Compensation Committee approved issuing 232,098 shares of Class A common stock to the Advisor under the Company’s 2020 Advisor Omnibus Incentive Compensation Plan, with an aggregate value of $1,910,169. The Company and the Advisor entered into a stock award agreement, and the Advisory Shares were issued on that date pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933. The issuance settled amounts owed to the Advisor, including liabilities accrued as of March 31, 2026 and additional amounts incurred through April 30, 2026.