In connection with the preparation of its financial statements, the Company has evaluated events that occurred through the issuance of these financial statements to determine whether any of these events required disclosure in the financial statements.

Subsequent to June 30, 2025, the Company issued and sold in the Offering (i) 62,518 shares of Class T common stock, 2,134 shares of Class D common stock and 18,461 shares of Class I common stock in the primary offering for total proceeds of $2,004 and (ii) 443 shares of Class T common stock, 122 shares of Class D common stock and 681 shares of Class I common stock pursuant to the DRP for a total value of $29.

On July 30, 2025, the Company announced that the board of directors authorized a distribution to stockholders of record as of July 31, 2025, that the Company paid on or about August 5, 2025, for each class of its common stock in the amount per share set forth below:


	Gross Distribution		Distribution Fee		Net Distribution
Class T Common Stock	$	0.1042	$	0.0169	$	0.0873
Class D Common Stock	$	0.1042	$	0.0050	$	0.0992
Class I Common Stock	$	0.1042	N/A		$	0.1042

On August 1, 2025, the Company granted its independent directors a total of 3,548 restricted Class I shares with a total value of $83. The restricted shares will vest on August 1, 2026. The Company received 3,548 Class I OP Units in the Operating Partnership as a result of the grant.