CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Total Stockholders’ Equity	Class A Common Stock Class A Common Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024			2,634,355
Beginning balance at Dec. 31, 2024		$ 85,586	$ 27	$ 731,429	$ (645,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation		184		184
Net loss		(50,252)			(50,252)
Ending balance (in shares) at Jun. 30, 2025			2,634,355
Ending balance at Jun. 30, 2025		35,518	$ 27	731,613	(696,122)
Beginning balance (in shares) at Mar. 31, 2025			2,634,355
Beginning balance at Mar. 31, 2025		77,086	$ 27	731,521	(654,462)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation		92		92
Net loss		(41,660)			(41,660)
Ending balance (in shares) at Jun. 30, 2025			2,634,355
Ending balance at Jun. 30, 2025		35,518	$ 27	731,613	(696,122)
Beginning balance (in shares) at Dec. 31, 2025	2,692,941
Beginning balance at Dec. 31, 2025		64,756	$ 27	731,793	(667,064)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued to the Advisor (in shares)			483,801
Common stock issued to the Advisor		4,066	$ 5	4,061
Equity-based compensation (in shares)			1,238
Equity-based compensation		154		154
Common stock withheld upon vesting of restricted stock (in shares)			(7,143)
Forfeiture of restricted shares (in shares)			(7,205)
Net loss		(16,074)			(16,074)
Ending balance (in shares) at Jun. 30, 2026	3,163,632		3,163,632
Ending balance at Jun. 30, 2026		52,902	$ 32	736,008	(683,138)
Beginning balance (in shares) at Mar. 31, 2026			2,692,941
Beginning balance at Mar. 31, 2026		57,072	$ 27	731,884	(674,839)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued to the Advisor (in shares)			483,801
Common stock issued to the Advisor		4,066	$ 5	4,061
Equity-based compensation (in shares)			1,238
Equity-based compensation		63		63
Common stock withheld upon vesting of restricted stock (in shares)			(7,143)
Forfeiture of restricted shares (in shares)			(7,205)
Net loss		(8,299)			(8,299)
Ending balance (in shares) at Jun. 30, 2026	3,163,632		3,163,632
Ending balance at Jun. 30, 2026		$ 52,902	$ 32	$ 736,008	$ (683,138)