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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions and Net Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     103,932,083      
Beginning balance at Dec. 31, 2022 $ 416,393 $ 412,301 $ 1,039 $ 907,044 $ (495,782) $ 4,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (139,794) (137,288)     (137,288) (2,506)
Transfers to redeemable common stock, net (830) (830)   (830)    
Noncontrolling interest contributions 450         450
Noncontrolling interest distribution (1,094)         (1,094)
Redemptions of common stock (in shares)     (492,385)      
Redemptions of common stock (5,171) (5,171) $ (5) (5,166)    
Ending balance (in shares) at Sep. 30, 2023     103,439,698      
Ending balance at Sep. 30, 2023 269,954 269,012 $ 1,034 901,048 (633,070) 942
Beginning balance (in shares) at Jun. 30, 2023     103,626,096      
Beginning balance at Jun. 30, 2023 336,528 333,244 $ 1,036 905,046 (572,838) 3,284
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (62,543) (60,232)     (60,232) (2,311)
Transfers to redeemable common stock, net (2,043) (2,043)   (2,043)    
Noncontrolling interest contributions 450         450
Noncontrolling interest distribution (481)         (481)
Redemptions of common stock (in shares)     (186,398)      
Redemptions of common stock (1,957) (1,957) $ (2) (1,955)    
Ending balance (in shares) at Sep. 30, 2023     103,439,698      
Ending balance at Sep. 30, 2023 $ 269,954 269,012 $ 1,034 901,048 (633,070) 942
Beginning balance (in shares) at Dec. 31, 2023 103,310,648   103,310,648      
Beginning balance at Dec. 31, 2023 $ 263,364 262,149 $ 1,033 901,049 (639,933) 1,215
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (168,358) (164,419)     (164,419) (3,939)
Transfers from redeemable common stock payable, net 2,217 2,217   2,217    
Noncontrolling interest contributions 493         493
Noncontrolling interest distribution (2,608) (1,705)   (1,705)   (903)
Redemptions of common stock (in shares)     (359,253)      
Redemptions of common stock $ (2,882) (2,882) $ (3) (2,879)    
Ending balance (in shares) at Sep. 30, 2024 102,951,395   102,951,395      
Ending balance at Sep. 30, 2024 $ 92,226 95,360 $ 1,030 898,682 (804,352) (3,134)
Beginning balance (in shares) at Jun. 30, 2024     103,016,968      
Beginning balance at Jun. 30, 2024 138,838 139,455 $ 1,030 899,052 (760,627) (617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (45,706) (43,725)     (43,725) (1,981)
Transfers from redeemable common stock payable, net 1,860 1,860   1,860    
Noncontrolling interest contributions 96         96
Noncontrolling interest distribution (2,337) (1,705)   (1,705)   (632)
Redemptions of common stock (in shares)     (65,573)      
Redemptions of common stock $ (525) (525) $ 0 (525)    
Ending balance (in shares) at Sep. 30, 2024 102,951,395   102,951,395      
Ending balance at Sep. 30, 2024 $ 92,226 $ 95,360 $ 1,030 $ 898,682 $ (804,352) $ (3,134)