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AFFILIATE TRANSACTIONS AND FORMER MANAGEMENT AGREEMENT (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the management fees and income incentive allocation prior to the Internalization (unaudited):
Three Months Ended June 30, 2024Six Months Ended June 30, 2024
Management fees$405 $992 
Income incentive allocation3,148 7,456 
Total$3,553 $8,448 
The following table summarizes our reimbursements to the Former Manager (unaudited):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Classification in the Consolidated Statements of Operations:
General and administrative$133 $1,608 $329 $3,558 
Acquisition and transaction expenses71 370 175 687 
Total$204 $1,978 $504 $4,245