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Condensed Consolidated Statements of Changes in Equity and Redeemable Equity Instruments - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Preferred Stock
Series A 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
Common Stock
Class S-PR Common Stock
Common Stock
Class K-PR Common Stock
Additional Paid-in Capital
Accumulated Deficit and Cumulative Distributions
Non-controlling Interests in Consolidated Joint Ventures
Beginning balance at Dec. 31, 2023 $ 131,148 $ 96,024 $ 41 $ 6 $ 5 $ 8 $ 43 $ 12 $ 0 $ 0 $ 0 $ 214,297 $ (118,388) $ 35,124
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 0 0 222,126 (126,456) 40,149
Beginning balance at Dec. 31, 2023 405,479                          
Beginning balance at Dec. 31, 2023 5,658                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 4,835                          
Common stock repurchased (867)                          
Net income (loss) (39)                          
Common stock and INREIT OP unit distributions (71)                          
Adjustment to carrying value of redeemable equity instruments 54                          
Ending balance at Mar. 31, 2024 410,314                          
Ending balance at Mar. 31, 2024 4,735                          
Beginning balance at Dec. 31, 2023 131,148 96,024 41 6 5 8 43 12 0 0 0 214,297 (118,388) 35,124
Ending balance at Sep. 30, 2024 131,564 78,992 0 6 7 9 46 12 0 0 0 228,311 (149,399) 52,572
Beginning balance at Dec. 31, 2023 405,479                          
Beginning balance at Dec. 31, 2023 5,658                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Net income (loss) (57)                          
Ending balance at Sep. 30, 2024 420,164                          
Ending balance at Sep. 30, 2024 2,926                          
Beginning balance at Mar. 31, 2024 135,938 95,789 41 6 6 9 45 12 0 0 0 222,126 (126,456) 40,149
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Redemption of preferred stock (65) (65) (41)                   (24)  
Proceeds from issuance of common stock, net of offering costs 11,804 11,804     1   4         11,799    
Distribution reinvestment 505 505                   505    
Common stock repurchased (7,826) (7,826)         (3)         (7,823)    
Share-based compensation 19 19                   19    
Net income (loss) (1,609) (1,134)                     (1,134) (475)
Preferred stock dividends (2) (2)                     (2)  
Common stock and INREIT OP unit distributions (9,091) (9,091)                     (9,091)  
Contributions from non-controlling interests 8,329                         8,329
Distributions to non-controlling interests (315)                         (315)
Adjustment to carrying value of redeemable equity instruments (27) (27)                   (27)    
Ending balance at Jun. 30, 2024 137,660 89,972 0 6 7 9 46 12 0 0 0 226,599 (136,707) 47,688
Beginning balance at Mar. 31, 2024 410,314                          
Beginning balance at Mar. 31, 2024 4,735                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 4,889                          
Common stock repurchased (852)                          
Net income (loss) (3)                          
Common stock and INREIT OP unit distributions (59)                          
Adjustment to carrying value of redeemable equity instruments 27                          
Ending balance at Jun. 30, 2024 415,203                          
Ending balance at Jun. 30, 2024 3,848                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Proceeds from issuance of common stock, net of offering costs 8,670 8,670     0   2         8,668    
Distribution reinvestment 530 530                   530    
Common stock repurchased (7,492) (7,492)         (2)         (7,490)    
Share-based compensation 19 19                   19    
Net income (loss) (4,447) (3,460)                     (3,460) (987)
Common stock and INREIT OP unit distributions (9,232) (9,232)                     (9,232)  
Contributions from non-controlling interests 6,044                         6,044
Distributions to non-controlling interests (173)                         (173)
Adjustment to carrying value of redeemable equity instruments (15) (15)                   (15)    
Ending balance at Sep. 30, 2024 131,564 78,992 0 6 7 9 46 12 0 0 0 228,311 (149,399) 52,572
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 4,961                          
Common stock repurchased (875)                          
Net income (loss) (15)                          
Common stock and INREIT OP unit distributions (47)                          
Adjustment to carrying value of redeemable equity instruments 15                          
Ending balance at Sep. 30, 2024 420,164                          
Ending balance at Sep. 30, 2024 2,926                          
Beginning balance at Dec. 31, 2024 176,608 102,268 0 6 7 9 47 12 0 0 0 229,983 (127,796) 74,340
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Proceeds from issuance of common stock, net of offering costs 4,633 4,633     1   1         4,631    
Distribution reinvestment 575 575                   575    
Common stock repurchased (9,505) (9,505)         (3)         (9,502)    
Share-based compensation 62 62                   62    
Net income (loss) (2,360) (2,347)                     (2,347) (13)
Common stock and INREIT OP unit distributions (9,359) (9,359)                     (9,359)  
Contributions from non-controlling interests 63,827                         63,827
Distributions to non-controlling interests (1,427)                         (1,427)
Sale of interest in consolidated joint ventures 17,050 17,050                   17,050    
Ending balance at Mar. 31, 2025 240,104 103,377 0 6 8 9 45 12 0 0 0 242,799 (139,502) 136,727
Beginning balance at Dec. 31, 2024 425,178                          
Beginning balance at Dec. 31, 2024 2,018                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 5,097                          
Common stock repurchased (865)                          
Net income (loss) 18                          
Common stock and INREIT OP unit distributions (22)                          
Ending balance at Mar. 31, 2025 430,275                          
Ending balance at Mar. 31, 2025 1,149                          
Beginning balance at Dec. 31, 2024 176,608 102,268 0 6 7 9 47 12 0 0 0 229,983 (127,796) 74,340
Ending balance at Sep. 30, 2025 271,492 77,000 0 4 5 5 40 13 0 9 4 240,892 (163,972) 194,492
Beginning balance at Dec. 31, 2024 425,178                          
Beginning balance at Dec. 31, 2024 2,018                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Net income (loss) 55                          
Ending balance at Sep. 30, 2025 440,723                          
Ending balance at Sep. 30, 2025 0                          
Beginning balance at Mar. 31, 2025 240,104 103,377 0 6 8 9 45 12 0 0 0 242,799 (139,502) 136,727
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Proceeds from issuance of common stock, net of offering costs 5,559 5,559         1 1       5,557    
Distribution reinvestment 614 614                   614    
Common stock repurchased (6,654) (6,654)         (2)         (6,652)    
Share-based compensation 63 63                   63    
Net income (loss) (3,820) (4,137)                     (4,137) 317
Exchange of common stock 0 0   (3) (3) (4) (3)     9 4      
Common stock and INREIT OP unit distributions (9,398) (9,398)                     (9,398)  
Contributions from non-controlling interests 7,985                         7,985
Distributions to non-controlling interests (1,185)                         (1,185)
Purchase of interest in consolidated joint ventures (1,520) (32)                   (32)   (1,488)
Adjustment to carrying value of redeemable equity instruments 35 35                   35    
Ending balance at Jun. 30, 2025 231,783 89,427 0 3 5 5 41 13 0 9 4 242,384 (153,037) 142,356
Beginning balance at Mar. 31, 2025 430,275                          
Beginning balance at Mar. 31, 2025 1,149                          
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 5,132                          
Common stock repurchased (859)                          
Net income (loss) 37                          
Common stock and INREIT OP unit distributions (8)                          
Adjustment to carrying value of redeemable equity instruments (35)                          
Ending balance at Jun. 30, 2025 435,407                          
Ending balance at Jun. 30, 2025 284                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Proceeds from issuance of common stock, net of offering costs 4,953 4,953   1     1         4,951    
Distribution reinvestment 629 629                   629    
Common stock repurchased (7,125) (7,125)         (2)         (7,123)    
Share-based compensation 51 51                   51    
Net income (loss) (1,020) (1,457)                     (1,457) 437
Common stock and INREIT OP unit distributions (9,478) (9,478)                     (9,478)  
Contributions from non-controlling interests 53,792                         53,792
Distributions to non-controlling interests (2,093)                         (2,093)
Ending balance at Sep. 30, 2025 271,492 $ 77,000 $ 0 $ 4 $ 5 $ 5 $ 40 $ 13 $ 0 $ 9 $ 4 $ 240,892 $ (163,972) $ 194,492
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Distribution reinvestment 5,316                          
Common stock repurchased (284)                          
Net income (loss) 0                          
Ending balance at Sep. 30, 2025 440,723                          
Ending balance at Sep. 30, 2025 $ 0