XML 19 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Changes in Equity and Redeemable Equity Instruments - USD ($)
$ in Thousands
Total
Class E Common Stock
Total Stockholders' Equity
Preferred Stock
Common Stock
Class T Common Stock
Common Stock
Class S Common Stock
Common Stock
Class D Common Stock
Common Stock
Class I Common Stock
Common Stock
Class E Common Stock
Common Stock
Class N Common Stock
Additional Paid-in Capital
Accumulated Deficit and Cumulative Distributions
Non-controlling Interests in Consolidated Joint Ventures
Beginning balance at Dec. 31, 2021 $ 74,101   $ 70,030 $ 41 $ 2 $ 2 $ 2 $ 2 $ 22 $ 12 $ 94,097 $ (24,150) $ 4,071
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Proceeds from issuance of common stock, net of offering costs 48,158   48,158   2 2 2 3   8 48,141    
Distribution reinvestment 80   80               80    
Share-based compensation 19   19               19    
Net loss (14)   (1,922)                 (1,922) (14)
Net loss (1,936)                        
Preferred stock dividends (2)   (2)                 (2)  
Dividends, Common Stock (5,876)   (5,876)                 (5,876)  
Acquired non-controlling interests 2,025                       2,025
Distributions to non-controlling interests (80)                       (80)
Adjustment to carrying value of redeemable equity instruments (10,182)   (10,182)               (10,182)    
Ending balance at Mar. 31, 2022 106,307   100,305 41 4 4 4 5 22 20 132,155 (31,950) 6,002
Beginning balance at Dec. 31, 2021 224,667                        
Class N Redeemable Common Stock                          
Proceeds from issuance of common stock, net of offering costs (42,990)                        
Adjustment to carrying value of redeemable equity instruments (10,044)                        
Ending balance at Mar. 31, 2022 277,701                        
Beginning balance at Dec. 31, 2021 0                        
Redeemable Non-controlling Interest in INREIT OP                          
Net loss (261)                        
Issuance of Class E OP Units to non-controlling interests 3,280                        
Distributions to non-controlling interests (30)                        
Adjustment to carrying value of redeemable equity instruments (138)                        
Ending balance at Mar. 31, 2022 3,127                        
Beginning balance at Dec. 31, 2022 130,890   100,866 41 4 4 6 38 18 0 167,611 (66,856) 30,024
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Proceeds from issuance of common stock, net of offering costs 12,733   12,733   1 0 1 2   0 12,729    
Distribution reinvestment 270   270               270    
Common stock repurchased (13,025) $ (13,000) (13,025)           (4)   (13,021)    
Share-based compensation 20   20               20    
Net loss (755)   (5,448)                 (5,448) (755)
Net loss (6,203)                        
Preferred stock dividends (2)   (2)                 (2)  
Dividends, Common Stock (8,500)   (8,500)                 (8,500)  
Contributions from non-controlling interests 28                       28
Distributions to non-controlling interests (226)                       (226)
Adjustment to carrying value of redeemable equity instruments 12,324   12,324               12,324    
Ending balance at Mar. 31, 2023 128,309   $ 99,238 $ 41 $ 5 $ 4 $ 7 $ 40 $ 14 $ 0 $ 179,933 $ (80,806) $ 29,071
Beginning balance at Dec. 31, 2022 432,604                        
Class N Redeemable Common Stock                          
Proceeds from issuance of common stock, net of offering costs (3)                        
Adjustment to carrying value of redeemable equity instruments (12,892)                        
Ending balance at Mar. 31, 2023 419,709                        
Beginning balance at Dec. 31, 2022 2,797                        
Redeemable Non-controlling Interest in INREIT OP                          
Net loss (40)                        
Redeemable noncontrolling interest, equity distributions (78)                        
Issuance of Class E OP Units to non-controlling interests 3,976                        
Adjustment to carrying value of redeemable equity instruments 568                        
Ending balance at Mar. 31, 2023 $ 7,223