The Company evaluated subsequent events through March 23, 2026, which is the date the consolidated financial statements were available to be issued.

During the period from January 1, 2026 through March 23, 2026, the Company issued the following shares, including shares issued under the DRIP (dollars in thousands, except for share amounts):


	Common shares				DRIP
	Shares		Gross Proceeds		Shares		Gross Proceeds
Class I Common Shares		1,890,575	$	38,192		91,701	$	1,858
Class S Common Shares		382,068		7,803		147,244		2,989
Class E Common Shares		32,989		700		735		16
Total		2,305,632	$	46,695		239,680	$	4,863

During the period from January 1, 2026 through March 23, 2026, the Company originated one commercial real estate loan with a total outstanding principal amount of $55.8 million and a total loan amount of $58.2 million. The loan earns interest at one-month term SOFR plus a spread for a weighted average interest rate of 6.1% based on the interest rate in effect at origination and has an initial maturity date of February 2029.

During the period from January 1, 2026 through March 23, 2026, the Company received $20.0 million in proceeds attributable to the full principal repayment of one loan receivable, at par.