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Consolidated Statements of Changes in Equity and Redeemable Equity Instruments - USD ($)
$ in Thousands
Total
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, 2020 $ 5,232 $ 5,232 $ 41 $ 0 $ 0 $ 0 $ 0 $ 0 $ 4 $ 9,276 $ (4,089) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock, net of offering costs 108,812 108,812           20 18 108,774    
Distribution reinvestment 106 106               106    
Share-based compensation 78 78               78    
Net loss (8,401) (8,376)                 (8,376) (25)
Exchange of common stock       2 2 2 2 2 (10)      
Preferred stock dividends (8) (8)                 (8)  
Common stock and INREIT OP unit distributions (11,677) (11,677)                 (11,677)  
Contributions from non-controlling interests 4,127                     4,127
Distributions to non-controlling interests (31)                     (31)
Adjustment to carrying value of redeemable equity instruments (24,137) (24,137)               (24,137)    
Ending balance at Dec. 31, 2021 74,101 70,030 41 2 2 2 2 22 12 94,097 (24,150) 4,071
Beginning balance at Dec. 31, 2020 83,194                      
Class N Redeemable Common Stock                        
Issuance of common stock, net of offering costs 187,336                      
Common stock repurchased (70,000)                      
Adjustment to carrying value of redeemable equity instruments 24,137                      
Ending balance at Dec. 31, 2021 224,667                      
Beginning balance at Dec. 31, 2020 0                      
Redeemable Non-controlling Interest in INREIT OP                        
Net loss attributable to non-controlling interest in INREIT OP 0                      
Ending balance at Dec. 31, 2021 0                      
Beginning balance at Dec. 31, 2020 5,232 5,232 41 0 0 0 0 0 4 9,276 (4,089) 0
Ending balance at Dec. 31, 2022 130,890 100,866 41 4 4 6 38 18 0 167,611 (66,856) 30,024
Beginning balance at Dec. 31, 2020 83,194                      
Ending balance at Dec. 31, 2022 432,604                      
Beginning balance at Dec. 31, 2020 0                      
Ending balance at Dec. 31, 2022 2,797                      
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]                        
Issuance of common stock, net of offering costs 109,137 109,137   2 2 4 19 1 8 109,101    
Distribution reinvestment 575 575               575    
Common stock repurchased (25,200) (25,200)         (3) (5)   (25,192)    
Share-based compensation 78 78               78    
Net loss (17,397) (15,960)                 (15,960) (1,437)
Exchange of common stock             20   (20)      
Preferred stock dividends (8) (8)                 (8)  
Common stock and INREIT OP unit distributions (26,738) (26,738)                 (26,738)  
Acquired non-controlling interests 27,425                     27,425
Contributions from non-controlling interests 1,274                     1,274
Distributions to non-controlling interests (1,309)                     (1,309)
Adjustment to carrying value of redeemable equity instruments (11,048) (11,048)               (11,048)    
Ending balance at Dec. 31, 2022 130,890 100,866 41 4 4 6 38 18 0 167,611 (66,856) 30,024
Beginning balance at Dec. 31, 2021 224,667                      
Class N Redeemable Common Stock                        
Issuance of common stock, net of offering costs 201,866                      
Common stock repurchased (4,795)                      
Adjustment to carrying value of redeemable equity instruments 10,866                      
Ending balance at Dec. 31, 2022 432,604                      
Beginning balance at Dec. 31, 2021 0                      
Redeemable Non-controlling Interest in INREIT OP                        
Net loss attributable to non-controlling interest in INREIT OP (502)                      
Common stock and INREIT OP unit distributions (163)                      
Issuance of Class E OP Units to non-controlling interests 3,280                      
Adjustment to carrying value of redeemable equity instruments 182                      
Ending balance at Dec. 31, 2022 2,797                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock, net of offering costs 51,429 51,429   2 1 2 11 1 0 51,412    
Distribution reinvestment 1,339 1,339               1,339    
Common stock repurchased (40,676) (40,676)         (6) (7)   (40,663)    
Share-based compensation 98 98               98    
Net loss (18,703) (17,030)                 (17,030) (1,673)
Preferred stock dividends (8) (8)                 (8)  
Common stock and INREIT OP unit distributions (34,494) (34,494)                 (34,494)  
Contributions from non-controlling interests 7,978                     7,978
Distributions to non-controlling interests (1,205)                     (1,205)
Adjustment to carrying value of redeemable equity instruments 34,500 34,500               34,500    
Ending balance at Dec. 31, 2023 131,148 $ 96,024 $ 41 $ 6 $ 5 $ 8 $ 43 $ 12 $ 0 $ 214,297 $ (118,388) $ 35,124
Class N Redeemable Common Stock                        
Issuance of common stock, net of offering costs (6)                      
Distribution reinvestment 7,884                      
Adjustment to carrying value of redeemable equity instruments (35,003)                      
Ending balance at Dec. 31, 2023 405,479                      
Redeemable Non-controlling Interest in INREIT OP                        
Common stock repurchased (1,187)                      
Net loss attributable to non-controlling interest in INREIT OP (82)                      
Common stock and INREIT OP unit distributions (350)                      
Issuance of Class E OP Units to non-controlling interests 3,977                      
Adjustment to carrying value of redeemable equity instruments 503                      
Ending balance at Dec. 31, 2023 $ 5,658