v3.26.1
Investments in Real Estate-Related Assets (Tables)
12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Information about Properties Relating to Location, Rentable Square Feet, and Annualized Rental Income

The results of operations for the Company’s investments in real estate-related assets for the year ended December 31, 2025 and December 31, 2024 are summarized below:

 

For the Year Ended December 31,

 

Station DST

2025

 

 

2024

 

Revenues

$

6,727,882

 

 

$

8,044,606

 

Operating expenses

 

(5,243,687

)

 

 

(5,470,360

)

Other expenses, net

 

(1,658,525

)

 

 

(1,663,133

)

Net income

$

(174,330

)

 

$

911,113

 

Net income attributable to the Company(1)

$

(26,149

)

 

$

136,667

 

Note: (1) Represents the Company’s allocable share of net income based on the Company’s ownership interest in the underlying investment in real estate-related assets and is included within Income from investments in real-estate related assets on the Company’s consolidated statements of operations.