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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Series A Preferred Stock
Common Stock
Class P Common Stock
Common Stock
Class A Common Stock
Additional Paid in Capital
Accumulated Deficit
Balance at Dec. 31, 2020 $ 240,256   $ 10 $ 1 $ 287,498 $ (47,253)
Proceeds from issuance of common stock 10       10  
Proceeds from issuance of preferred stock 87,500 $ 4     87,496  
Offering costs (4,182)       (4,182)  
Net income 7,125         7,125
Common stock distributions declared (9,799)         (9,799)
Distribution reinvestment 421       421  
Redemptions (8,313)       (8,313)  
Equity-based compensation 24       24  
Balance at Sep. 30, 2021 313,042 4 10 1 362,954 (49,927)
Balance at Jun. 30, 2021 238,301   10 1 287,150 (48,860)
Proceeds from issuance of common stock 8       8  
Proceeds from issuance of preferred stock 87,500 4     87,496  
Offering costs (3,736)       (3,736)  
Net income 2,462         2,462
Common stock distributions declared (3,529)         (3,529)
Distribution reinvestment 161       161  
Redemptions (8,132)       (8,132)  
Equity-based compensation 7       7  
Balance at Sep. 30, 2021 313,042 4 10 1 362,954 (49,927)
Balance at Dec. 31, 2021 307,145 4 9 1 359,406 (52,275)
Proceeds from issuance of common stock 2,419       2,419  
Repurchase and retirement of preferred stock (92)       (116) 24
Offering costs (862)       (862)  
Net income 9,615         9,615
Common stock distributions declared (9,921)         (9,921)
Preferred stock distributions declared (4,556)         (4,556)
Distribution reinvestment 487       487  
Redemptions (13,687)       (13,687)  
Equity-based compensation 23       23  
Balance at Sep. 30, 2022 290,571 4 9 1 347,670 (57,113)
Balance at Jun. 30, 2022 294,514 4 9 1 350,833 (56,333)
Proceeds from issuance of common stock 1,057       1,057  
Repurchase and retirement of preferred stock (92)       (116) 24
Offering costs (162)       (162)  
Net income 3,976         3,976
Common stock distributions declared (3,262)         (3,262)
Preferred stock distributions declared (1,518)         (1,518)
Distribution reinvestment 169       169  
Redemptions (4,119)       (4,119)  
Equity-based compensation 8       8  
Balance at Sep. 30, 2022 $ 290,571 $ 4 $ 9 $ 1 $ 347,670 $ (57,113)