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Condensed 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, 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   1 2     12,729    
Distribution reinvestment 270 270               270    
Common stock repurchased (13,025) (13,025)           (4)   (13,021)    
Share-based compensation 20 20               20    
Net income (loss) (6,203) (5,448)                 (5,448) (755)
Preferred stock dividends (2) (2)                 (2)  
Common stock and INREIT OP unit distributions (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)                      
Common stock distributions (78)                      
Issuance of Class E OP Units to non-controlling interests 3,976                      
Distributions to non-controlling interests 0                      
Adjustment to carrying value of redeemable equity instruments 568                      
Ending balance at Mar. 31, 2023 7,223                      
Beginning balance at Dec. 31, 2022 130,890 100,866 41 4 4 6 38 18 0 167,611 (66,856) 30,024
Ending balance at Dec. 31, 2023 131,148 96,024 41 6 5 8 43 12 0 214,297 (118,388) 35,124
Beginning balance at Dec. 31, 2022 432,604                      
Ending balance at Dec. 31, 2023 405,479                      
Beginning balance at Dec. 31, 2022 2,797                      
Ending balance at Dec. 31, 2023 5,658                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Proceeds from issuance of common stock, net of offering costs 14,787 14,787     1 1 4     14,781    
Distribution reinvestment 444 444               444    
Common stock repurchased (7,363) (7,363)         (2)     (7,361)    
Share-based compensation 19 19               19    
Net income (loss) 876 898                 898 (22)
Preferred stock dividends (2) (2)                 (2)  
Common stock and INREIT OP unit distributions (8,964) (8,964)                 (8,964)  
Contributions from non-controlling interests 5,472                     5,472
Distributions to non-controlling interests (425)                     (425)
Adjustment to carrying value of redeemable equity instruments (54) (54)               (54)    
Ending balance at Mar. 31, 2024 135,938 $ 95,789 $ 41 $ 6 $ 6 $ 9 $ 45 $ 12 $ 0 $ 222,126 $ (126,456) $ 40,149
Class N Redeemable Common Stock                        
Distribution reinvestment 4,835                      
Ending balance at Mar. 31, 2024 410,314                      
Redeemable Non-controlling Interest in INREIT OP                        
Common stock repurchased (867)                      
Net loss (39)                      
Common stock distributions (71)                      
Adjustment to carrying value of redeemable equity instruments 54                      
Ending balance at Mar. 31, 2024 $ 4,735