The Company evaluated subsequent events after June 30, 2025 through the date of this filing, the date the consolidated financial statements were available to be issued, for their impact on the consolidated financial statements, noting the following:

Repurchases

The Company accepted investors’ repurchase requests under the Company’s share repurchase program consisting of an aggregate of approximately 45,348 Class A shares, 7,681 Class AX shares, 52,439 Class I shares, 61,754 Class IX shares, 20,200 Class P OP units, and 10,545 Class PX OP Units, resulting in redemptions of approximately $2,017,936.

Investor Subscriptions

On July 1, 2025, the Company accepted subscriptions of 50,122 Class I shares and 20,383 Class T shares, resulting in gross proceeds to the Company of approximately $727,500.

Sponsor Investments

On July 9, 2025, the Sponsor made an additional equity investment in the Company through the purchase of 342,630 Class I shares, resulting in the receipt of gross proceeds by the Company of approximately $3,505,103.

On August 4, 2025, the Sponsor made an additional equity investment in the Company through the purchase of 492,229 Class I shares, resulting in the receipt of gross proceeds by the Company of approximately $5,014,490.

Advisory Agreement Renewal

On August 12, 2025, the Board, including all independent directors, after review of the Advisor’s performance during the last year, authorized the Company to execute a mutual consent to renew the Company’s Advisory Agreement, by and among the Company, SWIF II OP and the Advisor for a one-year term expiring on August 18, 2026.