Subsequent Events (Tables)

3 Months Ended

Mar. 31, 2026

Below is a table summarizing capital raising activities in the Company’s primary offerings subsequent to March 31, 2026, through the date of this filing (in thousands, except share and per share data):


Trade Date	Share Class	Shares Issued		Aggregate Gross Purchase Price		Price per Share
April 1, 2026	Class I		28,193	$	309	$	10.96
April 1, 2026	Class A-II (1)		236,896	$	2,556	$	10.79
May 1, 2026	Class I		6,751	$	75	$	11.11
May 1, 2026	Class A-II (1)		302,236	$	3,306	$	10.94

Below is a table summarizing shares issued pursuant to the distribution reinvestment plan that occurred subsequent to March 31, 2026, through the date of this filing (in thousands, except share and per share data):


Trade Date	Share Class	Shares Issued		Aggregate Gross Purchase Price		Price per Share
April 10, 2026	Class I		1,316	$	14	$	10.96
April 10, 2026	Class E (2)		219	$	3	$	11.68
April 10, 2026	Class A-I (1)		10,089	$	109	$	10.83
April 10, 2026	Class A-II (1)		10,326	$	111	$	10.79
April 10, 2026	Class T		8	$	0	$	10.92
May 11, 2026	Class I		1,355	$	15	$	11.11
May 11, 2026	Class E (2)		216	$	3	$	11.89
May 11, 2026	Class A-I (1)		9,982	$	110	$	10.99
May 11, 2026	Class A-II (1)		11,085	$	121	$	10.94
May 11, 2026	Class T		8	$	0	$	11.07

The table is presented with dollars shown in thousands and amounts that round to less than $1 thousand are reflected as $0 rather than as a dash.

(1)

The offer and sale of Class A-I and Class A-II shares to accredited investors in private placements is exempt from the registration provisions of the Securities Act by virtue of Section 4(a)(2) thereof and Rule 506(c) of Regulation D promulgated thereunder.

(2)

The Class E shares were issued to the Company’s independent directors pursuant to the Company’s distribution reinvestment plan. These shares were issued in private transactions exempt from registration under Section 4(a)(2) of the Securities Act.

Share Repurchases

On April 30, 2026, the Company repurchased 19,831 shares of common stock, totaling approximately $0.2 million, pursuant to the Company's share repurchase plan. The Company satisfied all repurchase requests submitted in good order for the April 30, 2026 repurchase date.