
Borrower (1)	Loan Amount		Interest Rate (*)	Maturity Date	Balance at March 31, 2026		Balance at December 31, 2025
West Kernan Controlled Subsidiary (2)	$	40,550	SOFR + 2.31%	06/01/2032	$	40,550	$	40,550
AP98 Controlled Subsidiary (3)	$	15,069	SOFR + 2.46%	07/01/2032	$	15,069	$	15,069
4700 Eisenhower Ave Controlled Subsidiary and Chattahoochee Ave Controlled Subsidiary (4)	$	14,500	SOFR + 2.15%	04/17/2028	$	14,500	$	14,500
A93 Controlled Subsidiary (5)	$	5,100	SOFR + 1.75%	10/29/2027	$	5,100	$	5,100
Total					$	75,219	$	75,219

(2)The $40.6 million senior loan features a 10-year term and 5 years interest-only at a floating rate of 2.31% over SOFR. The remaining unamortized principal balance will be due at maturity. The Company is named as a guarantor in this loan agreement.

(3)The $15.1 million senior loan features a 10-year term and 5 years interest-only at a floating rate of 2.46% over SOFR. The remaining unamortized principal balance will be due at maturity. The Company is named as a guarantor in this loan agreement.

(4)A mortgage loan with a principal amount of $14.5 million is secured by the 4700 Eisenhower Ave Property and the Chattahoochee Ave Property. The mortgage loan bears interest at a floating rate of SOFR plus 2.15%, subject to a 0% floor until maturity. The mortgage loan calls for interest-only payments for the first 12 months, with subsequent principal and interest payments through maturity. The loan contains various financial and non-financial covenants, such as general liquidity and net worth requirements. The Company is named as a guarantor in this loan agreement.

(5)On October 29, 2025, the Company refinanced the A93 mortgage payable with a new $5.1 million loan. In connection with the refinancing, the Company repaid the prior loan in the amount of approximately $4.5 million. The new mortgage payable matures on October 29, 2027 and bears interest at a floating rate of SOFR +1.75% per annum. The loan contains various financial and non-financial covenants, such as general liquidity and net worth requirements. The Company is named as a guarantor in this loan agreement.

During the three months ended March 31, 2026 and the year ended December 31, 2025, $0 and approximately $143,000, respectively, of additional deferred financing costs were incurred related to the mortgage notes listed above. The carrying value of the unamortized debt issuance costs as of March 31, 2026 and December 31, 2025 were approximately $533,000 and $568,000, respectively. Deferred financing costs are reflected net of accumulated amortization on the consolidated balance sheets as a reduction to the related mortgages payable, which totaled approximately $300,000 and $265,000, as of March 31, 2026 and December 31, 2025, respectively. For the three months ended March 31, 2026 and

2025 amortization of debt issuance costs was approximately $35,000 and $17,000, respectively, and is included within “Interest expense, net” in the consolidated statements of operations, respectively.

During the three months ended March 31, 2026 and 2025, we incurred interest expense related to mortgages payable of approximately $1.1 million and $1.0 million, respectively, which is recorded to “Interest expense, net” in our condensed consolidated statements of operations.

The following table presents the future principal payments due under the Company’s mortgage loans as of March 31, 2026 (amounts in thousands):