CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenues
Rental income		$ 61,230	$ 62,383	$ 122,670	$ 127,981
Other income		1,919	1,855	3,695	3,834
Total revenues		63,149	64,238	126,365	131,815
Expenses
Property operating expenses		12,529	13,776	24,997	27,544
Real estate taxes and insurance		8,485	8,188	17,487	17,500
Property management fees	[1]	1,806	1,872	3,626	3,830
Advisory and administrative fees	[2]	1,725	1,734	3,421	3,477
Corporate general and administrative expenses		4,499	4,779	8,956	9,689
Property general and administrative expenses		2,143	2,651	4,143	4,932
Depreciation and amortization		24,059	24,442	48,409	48,765
Total expenses		55,246	57,442	111,039	115,737
Operating income before gain on sales of real estate		7,903	6,796	15,326	16,078
Gain on sales of real estate	[3]		18,686		50,395
Operating income		7,903	25,482	15,326	66,473
Interest expense		(15,162)	(13,971)	(29,543)	(28,362)
Loss on extinguishment of debt and modification costs			(255)		(801)
Casualty loss		(5)	(737)	(168)	(538)
Equity in earnings of affiliate		59	53	114	91
Miscellaneous income		144	66	286	177
Net income (loss)		(7,061)	10,638	(13,985)	37,040
Net income (loss) attributable to redeemable noncontrolling interests in the OP		(28)	42	(55)	146
Net income (loss) attributable to common stockholders		(7,033)	10,596	(13,930)	36,894
Other comprehensive loss
Unrealized losses on interest rate derivatives		(6,442)	(7,488)	(16,614)	(4,805)
Total comprehensive income (loss)		(13,503)	3,150	(30,599)	32,235
Comprehensive income (loss) attributable to redeemable noncontrolling interests in the OP		(53)	12	(120)	127
Comprehensive income (loss) attributable to common stockholders		$ (13,450)	$ 3,138	$ (30,479)	$ 32,108
Weighted average common shares outstanding - basic		25,384	25,540	25,416	25,630
Weighted average common shares outstanding - diluted	[4]	25,384	26,309	25,416	26,331
Earnings (loss) per share - basic		$ (0.28)	$ 0.41	$ (0.55)	$ 1.44
Earnings (loss) per share - diluted		$ (0.28)	$ 0.40	$ (0.55)	$ 1.40

[1] Fees incurred to an affiliate of the noncontrolling limited partner of the Company’s OP (see Note 8).

[2] Fees incurred to the Adviser (see Note 9).

[3] $31.5 million with a related party for the six months ended June 30, 2024 (see Note 9).

[4] If the Company sustains a net loss for the period presented, unvested restricted stock units are not included in the diluted earnings per share calculation.