Subsequent to March 31, 2026, we issued the following shares of common stock:


$ in thousands except share amounts	Shares Issued to Third Parties		Shares Issued to Affiliates(1)(2)		DRP Shares(3)




Class S	5,090		301,575		773
Class S-1	1,783,305		—		90,044
Class D	—		301,860		72
Class D-1	200,968		—		753
Class I	1,628,457		300,693		35,499
Class E	3,434		376,191		638
Class F	—		—		55,821
Total	3,621,254		1,280,319		183,600

Total net proceeds(4)	$	90,391	$	30,000	$	4,639

(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.

(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.

(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan.


$ in thousands except share amounts	Shares Repurchased from Third-Parties		Shares Repurchased from Affiliates(1)
Class S	—		—
Class S-1	49,359		—
Class D	—		—
Class D-1	—		—
Class I	130,382		—
Class E	—		—
Class F	—		—
Total	179,741		—

Total repurchases	$	4,485	$	—

(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.