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CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Shares of Common Stock
Additional Paid-In Capital
(Accumulated Deficit)
Non- Controlling Interest
Beginning balance at Dec. 31, 2023 $ 228,445 $ 175 $ 267,271 $ (38,986) $ (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,641)     (4,641)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,342   1,342    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 931   931    
Shares repurchased (2,267) (1) (2,266)    
Net (loss) income (3,136)     (3,171) 35
Ending balance at Mar. 31, 2024 220,614 176 267,276 (46,798) (40)
Beginning balance at Dec. 31, 2023 228,445 175 267,271 (38,986) (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income (7,612)        
Ending balance at Sep. 30, 2024 209,767 178 270,406 (60,716) (101)
Beginning balance at Mar. 31, 2024 220,614 176 267,276 (46,798) (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,678)     (4,678)  
Restricted stock and restricted stock units vesting 0 1 (1)    
Compensation expense - restricted stock and restricted stock units 1,090   1,090    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 947 1 946    
Shares repurchased (930) (1) (929)    
Net (loss) income (2,309)     (2,345) 36
Ending balance at Jun. 30, 2024 214,674 177 268,382 (53,821) (64)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,690)     (4,690)  
Compensation expense - restricted stock and restricted stock units 1,189   1,189    
Distributions to non-controlling interests (75)       (75)
Shares issued through DRIP 951 1 950    
Shares repurchased (115)   (115)    
Net (loss) income (2,167)     (2,205) 38
Ending balance at Sep. 30, 2024 209,767 178 270,406 (60,716) (101)
Beginning balance at Dec. 31, 2024 204,914 179 272,275 (67,485) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,732)     (4,732)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,142   1,142    
Distributions to non-controlling interests (53)       (53)
Shares issued through DRIP 808   808    
Shares repurchased (1,382) (1) (1,381)    
Net (loss) income (2,308)     (2,352) 44
Ending balance at Mar. 31, 2025 198,389 180 272,842 (74,569) (64)
Beginning balance at Dec. 31, 2024 204,914 179 272,275 (67,485) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income (7,499)        
Ending balance at Sep. 30, 2025 186,658 180 275,870 (89,306) (86)
Beginning balance at Mar. 31, 2025 198,389 180 272,842 (74,569) (64)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,725)     (4,725)  
Compensation expense - restricted stock and restricted stock units 1,135   1,135    
Distributions to non-controlling interests (45)       (45)
Shares issued through DRIP 822 1 821    
Shares repurchased (1,004) (1) (1,003)    
Net (loss) income (2,523)     (2,566) 43
Ending balance at Jun. 30, 2025 192,049 180 273,795 (81,860) (66)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,739)     (4,739)  
Compensation expense - restricted stock and restricted stock units 1,244   1,244    
Distributions to non-controlling interests (59)       (59)
Shares issued through DRIP 831   831    
Net (loss) income (2,668)     (2,707) 39
Ending balance at Sep. 30, 2025 $ 186,658 $ 180 $ 275,870 $ (89,306) $ (86)