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Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

NOTE 14. Subsequent Events

 

In January 2026, the Company approved a compensation adjustment for its Chief Executive Officer retroactively to be recognized in 2025, delivered in the form of limited partnership units of the OP (“OP Units”). The Company recognized stock-based compensation expense of $1.5 million during the year ended December 31, 2025. The Company granted to Mr. Gubin 114,504 OP Units in January 2026. The OP Units were determined using a grant-date fair value of $13.10.