| Schedule of related party transactions |
| | | | | | | | | | | | | Year Ended December 31, | | | | | 2025 | | 2024 | Fees | | Entity | | Incurred | | Incurred | Offering costs | | SCD | | $ | 1,738,178 | | $ | 2,270,266 | Selling commissions, dealer manager, and stockholder servicing fees | | SCD | | | 73,463 | | | 265,611 | Asset management fees | | SWIFA | | | 1,468,366 | | | 1,484,727 | Property management fees | | SWIFA | | | 88,144 | | | — | Reimbursable operating expenses | | SWIFA | | | 854,695 | | | 2,189,162 | Total | | | | $ | 4,222,846 | | $ | 6,209,766 |
| | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | Fees | | Entity | | Payable | | Payable | Offering costs | | SCD | | $ | 681,881 | | $ | 142,606 | Selling commissions, dealer manager, and stockholder servicing fees | | SCD | | | 32,717 | | | — | Asset management fees | | SWIFA | | | 549,457 | | | 518,910 | Property management fees | | SWIFA | | | 88,144 | | | — | Operating expense reimbursement and other payables | | SWIFA | | | 978,015 | | | 43,000 | Total | | | | $ | 2,330,214 | | $ | 704,516 |
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