Condensed Consolidated Statements of Equity - USD ($) $ in Thousands |
Total |
Common Stock |
Additional Paid-in Capital |
Distributions in Excess of Accumulated Earnings |
Accumulated Other Comprehensive Income |
Series B Preferred Stock |
Series B Preferred Stock
Preferred Stock
|
Series B Preferred Stock
Additional Paid-in Capital
|
Series B Preferred Stock
Distributions in Excess of Accumulated Earnings
|
Series C Preferred Stock |
Series C Preferred Stock
Preferred Stock
|
Series C Preferred Stock
Additional Paid-in Capital
|
Series C Preferred Stock
Distributions in Excess of Accumulated Earnings
|
Series E Preferred Stock |
Series E Preferred Stock
Preferred Stock
|
Series E Preferred Stock
Additional Paid-in Capital
|
Beginning balance, preferred stock (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
5,956,065
|
|
|
|
10,156,509
|
|
|
|
235,841
|
|
Beginning balance at Dec. 31, 2023 |
$ 719,613
|
$ 36
|
$ 856,206
|
$ (144,011)
|
$ 7,366
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Beginning balance, common stock (in shares) at Dec. 31, 2023 |
|
35,838,442
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Series E Preferred Stock, net (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,140
|
|
Issuance of Series E Preferred Stock, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 265
|
|
$ 265
|
Redemptions of preferred stock (in shares) |
|
|
|
|
|
|
(54,735)
|
|
|
|
(86,042)
|
|
|
|
0
|
|
Redemption of preferred stock net |
|
|
|
|
|
$ (1,133)
|
|
$ (1,217)
|
$ 84
|
$ (1,762)
|
|
$ (1,952)
|
$ 190
|
|
|
|
Net income (loss) |
12,744
|
|
|
12,744
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends—cumulative redeemable preferred stock |
(12,223)
|
|
|
(12,223)
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions—OP Units and common stock |
(10,010)
|
|
|
(10,010)
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to the Company |
975
|
|
|
|
975
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, preferred stock (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
5,901,330
|
|
|
|
10,070,467
|
|
|
|
247,981
|
|
Ending balance at Jun. 30, 2024 |
708,469
|
$ 36
|
853,302
|
(153,226)
|
8,341
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Ending balance, common stock (in shares) at Jun. 30, 2024 |
|
35,838,442
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, preferred stock (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
5,956,065
|
|
|
|
10,156,509
|
|
|
|
247,181
|
|
Beginning balance at Mar. 31, 2024 |
723,319
|
$ 36
|
856,455
|
(141,562)
|
8,374
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Beginning balance, common stock (in shares) at Mar. 31, 2024 |
|
35,838,442
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Series E Preferred Stock, net (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
800
|
|
Issuance of Series E Preferred Stock, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 16
|
|
16
|
Redemptions of preferred stock (in shares) |
|
|
|
|
|
|
(54,735)
|
|
|
|
(86,042)
|
|
|
|
0
|
|
Redemption of preferred stock net |
|
|
|
|
|
$ (1,133)
|
|
$ (1,217)
|
$ 84
|
$ (1,762)
|
|
$ (1,952)
|
$ 190
|
|
|
|
Net income (loss) |
(823)
|
|
|
(823)
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends—cumulative redeemable preferred stock |
(6,105)
|
|
|
(6,105)
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions—OP Units and common stock |
(5,010)
|
|
|
(5,010)
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to the Company |
(33)
|
|
|
|
(33)
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, preferred stock (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
5,901,330
|
|
|
|
10,070,467
|
|
|
|
247,981
|
|
Ending balance at Jun. 30, 2024 |
708,469
|
$ 36
|
853,302
|
(153,226)
|
8,341
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Ending balance, common stock (in shares) at Jun. 30, 2024 |
|
35,838,442
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, preferred stock (in shares) at Dec. 31, 2024 |
|
|
|
|
|
5,840,889
|
5,840,889
|
|
|
9,954,863
|
9,954,863
|
|
|
252,436
|
252,436
|
|
Beginning balance at Dec. 31, 2024 |
$ 687,182
|
$ 36
|
854,059
|
(174,561)
|
7,632
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Beginning balance, common stock (in shares) at Dec. 31, 2024 |
36,184,658
|
36,184,658
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Series E Preferred Stock, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (4)
|
|
(4)
|
Redemptions of preferred stock (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(800)
|
|
Redemption of preferred stock net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (18)
|
$ (18)
|
$ (18)
|
Net income (loss) |
$ 7,230
|
|
|
7,230
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends—cumulative redeemable preferred stock |
(12,004)
|
|
|
(12,004)
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions—OP Units and common stock |
(10,139)
|
|
|
(10,139)
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to the Company |
(2,174)
|
|
|
|
(2,174)
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, preferred stock (in shares) at Jun. 30, 2025 |
|
|
|
|
|
5,840,889
|
5,840,889
|
|
|
9,954,863
|
9,954,863
|
|
|
251,636
|
251,636
|
|
Ending balance at Jun. 30, 2025 |
$ 670,073
|
$ 36
|
854,037
|
(189,474)
|
5,458
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Ending balance, common stock (in shares) at Jun. 30, 2025 |
36,184,658
|
36,184,658
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, preferred stock (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
5,840,889
|
|
|
|
9,954,863
|
|
|
|
251,636
|
|
Beginning balance at Mar. 31, 2025 |
$ 689,878
|
$ 36
|
854,037
|
(170,525)
|
6,314
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Beginning balance, common stock (in shares) at Mar. 31, 2025 |
|
36,184,658
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemptions of preferred stock (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(800)
|
|
Redemption of preferred stock net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (18)
|
|
Net income (loss) |
(7,878)
|
|
|
(7,878)
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends—cumulative redeemable preferred stock |
(6,002)
|
|
|
(6,002)
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions—OP Units and common stock |
(5,069)
|
|
|
(5,069)
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to the Company |
(856)
|
|
|
|
(856)
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, preferred stock (in shares) at Jun. 30, 2025 |
|
|
|
|
|
5,840,889
|
5,840,889
|
|
|
9,954,863
|
9,954,863
|
|
|
251,636
|
251,636
|
|
Ending balance at Jun. 30, 2025 |
$ 670,073
|
$ 36
|
$ 854,037
|
$ (189,474)
|
$ 5,458
|
|
$ 6
|
|
|
|
$ 10
|
|
|
|
$ 0
|
|
Ending balance, common stock (in shares) at Jun. 30, 2025 |
36,184,658
|
36,184,658
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|