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Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Class D
Common Stock
Common Stock Class I
Common Stock
Common Stock Class S
Common Stock
Common Stock Class E
Common Stock
Common Stock Class Y
Additional Paid-In Capital
Accumulated Deficit
Total Stockholders' Equity
Non-Controlling Interests
Beginning balance at Dec. 31, 2022 $ 17,946   $ 1   $ 24   $ 19,426 $ (3,813) $ 15,638 $ 2,308
Net loss (9,079)             (9,000) (9,000) (79)
Common stock issued, net of offering costs 53,456 $ 2 29   20   53,405   53,456  
Distributions declared on common stock (1,160)             (1,160) (1,160)  
Distribution reinvestments 164           164   164  
Contributions from non-controlling interests 32                 32
Distributions to non-controlling interests (79)                 (79)
Stock based compensation 50           50   50  
Ending balance at Jun. 30, 2023 61,330 2 30   44   73,045 (13,973) 59,148 2,182
Beginning balance at Mar. 31, 2023 35,808 1 18   31   44,138 (10,631) 33,557 2,251
Net loss (2,608)             (2,582) (2,582) (26)
Common stock issued, net of offering costs 28,804 1 12   13   28,778   28,804  
Distributions declared on common stock (760)             (760) (760)  
Distribution reinvestments 104           104   104  
Distributions to non-controlling interests (43)                 (43)
Stock based compensation 25           25   25  
Ending balance at Jun. 30, 2023 61,330 2 30   44   73,045 (13,973) 59,148 2,182
Beginning balance at Dec. 31, 2023 109,467 5 54 $ 1 64   122,915 (15,679) 107,360 2,107
Net loss (5,222)             (5,205) (5,205) (17)
Common stock issued, net of offering costs 50,345 3 22   15 $ 9 50,296   50,345  
Distributions declared on common stock (3,430)             (3,430) (3,430)  
Distribution reinvestments 996   1       995   996  
Contributions from non-controlling interests 2,432                 2,432
Distributions to non-controlling interests (9)                 (9)
Common stock repurchased (229)           (229)   (229)  
Stock based compensation 50           50   50  
Ending balance at Jun. 30, 2024 154,400 8 77 1 79 9 174,027 (24,314) 149,887 4,513
Beginning balance at Mar. 31, 2024 129,647 6 66 1 69 5 146,211 (18,802) 127,556 2,091
Net loss (3,634)             (3,633) (3,633) (1)
Common stock issued, net of offering costs 27,451 2 11   10 4 27,424   27,451  
Distributions declared on common stock (1,879)             (1,879) (1,879)  
Distribution reinvestments 596           596   596  
Contributions from non-controlling interests 2,432                 2,432
Distributions to non-controlling interests (9)                 (9)
Common stock repurchased (229)           (229)   (229)  
Stock based compensation 25           25   25  
Ending balance at Jun. 30, 2024 $ 154,400 $ 8 $ 77 $ 1 $ 79 $ 9 $ 174,027 $ (24,314) $ 149,887 $ 4,513