Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events Fayetteville Sale On June 7, 2024, our subsidiary entered into a purchase and sale agreement (the “PSA”) with a third party buyer for the sale of the Fayetteville Property. On July 31, 2024, we sold the Fayetteville Property to YOUnion at Fayetteville SPE, LLC (the “Buyer”). Buyer is a subsidiary of a joint venture (the “Joint Venture”) between an affiliate of Virtus Real Estate, LLC (“Virtus”) and an affiliate of our Sponsor. The Virtus affiliate owns 95% and the affiliate of our Sponsor owns 5% of the Joint Venture. In addition, another affiliate of our Sponsor serves as the property manager of the Fayetteville Property on behalf of the Joint Venture. The sale price for the Fayetteville Property was $72.25 million in cash, less closing costs and approximately $0.4 million disposition fee was paid to our Sponsor in accordance with our Second AA Amendment. The Fayetteville Mortgage Loan was repaid in full at closing and the Fayetteville Mortgage Loan was terminated in accordance with the terms of the loan agreement. In addition, we repaid the $25.4 million principal of the KeyBank Bridge Loan and terminated the KeyBank Bridge Loan in accordance with the terms of the loan agreement.

Subsequent Events

6 Months Ended

Jun. 30, 2024

Note 11. Subsequent Events

Fayetteville Sale

On June 7, 2024, our subsidiary entered into a purchase and sale agreement (the “PSA”) with a third party buyer for the sale of the Fayetteville Property. On July 31, 2024, we sold the Fayetteville Property to YOUnion at Fayetteville SPE, LLC (the “Buyer”). Buyer is a subsidiary of a joint venture (the “Joint Venture”) between an affiliate of Virtus Real Estate, LLC (“Virtus”) and an affiliate of our Sponsor. The Virtus affiliate owns 95% and the affiliate of our Sponsor owns 5% of the Joint Venture. In addition, another affiliate of our Sponsor serves as the property manager of the Fayetteville Property on behalf of the Joint Venture. The sale price for the Fayetteville Property was $72.25 million in cash, less closing costs and approximately $0.4 million disposition fee was paid to our Sponsor in accordance with our Second AA Amendment. The Fayetteville Mortgage Loan was repaid in full at closing and the Fayetteville Mortgage Loan was terminated in accordance with the terms of the loan agreement. In addition, we repaid the $25.4 million principal of the KeyBank Bridge Loan and terminated the KeyBank Bridge Loan in accordance with the terms of the loan agreement.