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Condensed Consolidated Statement of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total Stockholders' Equity
Non-Controlling Interest
Beginning Balance at Feb. 18, 2022 $ 200   $ 200   $ 200  
Beginning Balance, Shares at Feb. 18, 2022   10,000        
Net income 0          
Ending Balance at Mar. 31, 2022 200   200   200  
Ending Balance, Shares at Mar. 31, 2022   10,000        
Net income 0          
Ending Balance at Jun. 30, 2022 200   200   200  
Ending Balance, Shares at Jun. 30, 2022   10,000        
Beginning Balance at Dec. 31, 2022 128,291 $ 18 31,367 $ (815) 30,570 $ 97,721
Beginning Balance, Shares at Dec. 31, 2022   1,824,000        
Common stock issued, value 60,227 $ 30 60,197   60,227  
Common stock issued, shares   3,006,000        
Offering costs (83)   (83)   (83)  
Contributions from non-controlling interests 156         156
Net income 683     335 335 348
Ending Balance at Mar. 31, 2023 189,274 $ 48 91,481 (480) 91,049 98,225
Ending Balance, Shares at Mar. 31, 2023   4,830,000        
Beginning Balance at Dec. 31, 2022 128,291 $ 18 31,367 (815) 30,570 97,721
Beginning Balance, Shares at Dec. 31, 2022   1,824,000        
Net income 3,728          
Ending Balance at Jun. 30, 2023 297,818 $ 102 199,208 (392) 198,918 98,900
Ending Balance, Shares at Jun. 30, 2023   10,221,000        
Beginning Balance at Mar. 31, 2023 189,274 $ 48 91,481 (480) 91,049 98,225
Beginning Balance, Shares at Mar. 31, 2023   4,830,000        
Common stock issued, value 108,544 $ 54 108,490   108,544  
Common stock issued, shares   5,395,000        
Offering costs (906)   (906)   (906)  
Contributions from non-controlling interests 255         255
Distribution reinvestments, value 469   118   118 351
Distribution reinvestments, shares   6,000        
Amortization of restricted stock grants 25   25   25  
Share class transfer, shares   (10,000)        
Distributions to non-controlling interest (1,055)         (1,055)
Distributions declared on common stock (1,833)     (1,833) (1,833)  
Net income 3,045     1,921 1,921 1,124
Ending Balance at Jun. 30, 2023 $ 297,818 $ 102 $ 199,208 $ (392) $ 198,918 $ 98,900
Ending Balance, Shares at Jun. 30, 2023   10,221,000