| Schedule of cell tower assets owned by Datacom JV |
| | | | | | | | | | | | Name of property | | Location | | Year Acquired | | % of Ownership | | Units | | Acquisition Cost | Comm Facilities | | Maine | | 2023 | | 100% | | 2 | | $ | 2,642,160 | Wireless Asset Group | | Missouri | | 2023 | | 100% | | 3 | | | 3,904,017 | Prairie Mountain | | Oregon | | 2023 | | 100% | | 1 | | | 3,083,583 | Telesite | | Massachusetts | | 2023 | | 100% | | 2 | | | 2,243,754 | Coral Springs | | Florida | | 2023 | | 100% | | 1 | | | 1,331,568 | Badger | | Wisconsin | | 2023 | | 100% | | 1 | | | 1,575,355 | Gator | | Florida | | 2023 | | 100% | | 3 | | | 6,291,954 | Rockville | | New York | | 2023 | | 100% | | 3 | | | 13,862,506 | MW Towers | | Missouri | | 2023 | | 100% | | 2 | | | 1,829,159 | Hemphill | | Various | | 2023/2024 | | 100% | | 71 | | | 52,390,735 | Towercom | | Various | | 2024/2025 | | 100% | | 43 | | | 31,606,545 | Bug Tussel | | Various | | 2024 | | 100% | | 18 | | | 7,450,449 | Honey Bear | | Various | | 2025 | | 100% | | 1 | | | 490,943 | Parker Road | | Various | | 2025 | | 100% | | 1 | | | 1,194,387 | Total | | | | | | | | 152 | | $ | 129,897,115 |
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| Schedule of properties acquired portfolios of cell tower assets |
| | | | | | | | | | Property | | Acquisition Date | | Number of Towers | | Property Type | | Acquisition Cost | Hemphill | | January 2024 | | 7 | | Cell Towers | | $ | 3,399,951 | Hemphill | | March 2024 | | 1 | | Cell Towers | | | 510,072 | Hemphill | | May 2024 | | 3 | | Cell Towers | | | 3,228,624 | Towercom | | September 2024 | | 34 | | Cell Towers | | | 21,050,936 | Bug Tussel | | December 2024 | | 18 | | Cell Towers | | | 7,450,449 | 2024 Acquisitions | | | | 63 | | | | | 35,640,032 | Honey Bear | | June 2025 | | 1 | | Cell Towers | | $ | 490,943 | TowerCom | | July 2025 | | 9 | | Cell Towers | | | 10,555,609 | Parker Road | | August 2025 | | 1 | | Cell Towers | | | 1,194,387 | 2025Acquisitions | | | | 11 | | | | | 12,240,939 | | | | | 74 | | | | $ | 47,880,971 |
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| Schedule of summarized financial information of joint venture |
| | | | | | | | | December 31, 2025 | | December 31, 2024 | Assets | | | | | | | Investments in properties, net | | $ | 53,561,971 | | $ | 51,256,072 | Cash and cash equivalents | | | 235,090 | | | 747,462 | Restricted cash | | | 2,576,463 | | | 3,747,132 | Intangible assets, net | | | 62,440,888 | | | 61,570,267 | Ground lease ROU assets, net | | | 7,792,632 | | | 7,158,070 | Other assets, net | | | 2,112,005 | | | 1,320,029 | Total assets | | $ | 128,719,049 | | $ | 125,799,032 | Liabilities and members’ equity | | | | | | | Loan payable, net | | $ | 44,317,320 | | $ | 32,375,896 | Accounts payable and accrued liabilities | | | 948,144 | | | 781,914 | Due to affiliates | | | 132,059 | | | 193,014 | Acquisition, asset and property management fees payable | | | 1,559,853 | | | 753,555 | Lease liabilities, net | | | 7,959,436 | | | 7,257,455 | Other liabilities, net | | | 7,103,895 | | | 6,522,735 | Total liabilities | | | 62,020,707 | | | 47,884,569 | Members’ equity | | | 66,698,342 | | | 77,914,463 | Total liabilities and members’ equity | | $ | 128,719,049 | | $ | 125,799,032 | The Company’s share of equity in Datacom JV | | $ | 34,861,734 | | $ | 40,122,786 |
| | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | Rental revenues | | $ | 5,776,710 | | $ | 4,054,803 | Property operating expenses | | | 2,092,617 | | | 1,319,728 | General and administrative | | | 924,834 | | | 592,840 | Asset and property management fees | | | 806,298 | | | 919,482 | Depreciation and amortization | | | 10,465,987 | | | 8,221,984 | Interest expense, net of interest income | | | 2,688,814 | | | 645,019 | Total expenses | | | 16,978,550 | | | 11,699,053 | Net loss of Datacom JV | | $ | (11,201,840) | | $ | (7,644,250) | The Company’s allocated loss from Datacom JV | | $ | (5,261,052) | | $ | (3,378,066) |
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