Manager and Other Related Parties (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accounts, Notes, Loans and Financing Receivable

Formation loan transactions for the six months ended June 30 are presented in the following table ($ in thousands).


	2025			2024
Balance, January 1	$	2,694		$	2,902
Payments received from RMC		(104	)		(104	)
Balance, June 30	$	2,590		$	2,798

Schedule of Unit Redemptions

Redemptions of members’ capital for the three and six months ended June 30 are presented in the following table ($ in thousands).


	Three Months Ended June 30,				Six Months Ended June 30,
Redemptions	2025		2024		2025		2024
Without penalty	$	834	$	864	$	1,674	$	1,746
With penalty		—		1		—		1
Total	$	834	$	865	$	1,674	$	1,747
Early withdrawal penalties	$	—	$	—	$	—	$	—

Summary of Organization and Offering Expenses

Unallocated O&O transactions for the six months ended June 30 are summarized in the following table ($ in thousands).


	2025			2024
Balance, January 1	$	471		$	742
O&O expenses allocated		(113	)		(121	)
O&O expenses paid by RMC(1)		(11	)		(18	)
Balance, June 30	$	347		$	603

(1)

RMC is obligated per the Operating Agreement to repay RMI IX for the amount of unallocated O&O expenses attributed to a member’s capital account if the member redeems prior to the 40 quarterly allocations. RMC estimated its future obligation to repay unallocated O&O expenses on scheduled redemptions as of June 30, 2025, to be approximately $5 thousand.