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Dividends and Distributions (Tables)
6 Months Ended
Jun. 30, 2024
Dividends and Distributions [Abstract]  
Schedule of Dividend Declarations and Distributions The following table summarizes the Company’s dividend declarations and distributions during the six months ended June 30, 2024 (since IPO):
Date Declared  Record Date  Payment Date  Amount
Per Share
   Cash
Distribution
  

DRIP

Shares
Issued

   DRIP
Shares
Value
 
3/20/2024  3/28/2024  4/10/2024  $0.49   $12,893,635    185,344.20   $3,057,234(1)
5/7/2024  6/28/2024  7/16/2024  $0.42   $13,678,310    -   $- 
6/20/2024  6/28/2024  7/16/2024  $0.05   $1,628,370    -   $- 

(1) In accordance with the Company’s dividend reinvestment plan, 149,382 shares of the Company’s stock were purchased in the open market at an average price of $16.49. The Company issued the remaining 35,963 shares of common stock at the average open market price and shares were allocated to stockholders of the company participating in the dividend reinvestment plan.