Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Equity [Abstract] |
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| Schedule of Partners' Respective Ownership Interests, Life-to-date Contributions and Redemptions |
As of June 30, 2026, the Partners' respective ownership interests, life-to-date contributions and redemptions or repurchases were as follows:
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($s in thousands) |
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%
Owned |
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# of Units
Owned (1) |
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# of OP Units Owned |
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Contributions (2) |
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Redemptions/Repurchases (3) |
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Formation Contribution |
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General Partner (4) |
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0.0 |
% |
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56 |
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55 |
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$ |
10 |
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$ |
— |
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SCI-II (4) |
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0.7 |
% |
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55 |
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27,092 |
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2,450 |
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— |
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Total Formation Contribution |
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0.7 |
% |
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111 |
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27,147 |
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2,460 |
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— |
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Private Offering |
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Class A Limited Partners |
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63.6 |
% |
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2,615,685 |
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— |
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242,560 |
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(6,492 |
) |
Class I Limited Partners |
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3.1 |
% |
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125,663 |
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— |
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51,341 |
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(40,000 |
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Class R Limited Partners |
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32.6 |
% |
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1,344,296 |
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— |
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124,314 |
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(2,992 |
) |
Total Limited Partners |
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99.3 |
% |
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4,085,644 |
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— |
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418,215 |
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(49,484 |
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Total |
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100.0 |
% |
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4,085,755 |
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27,147 |
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$ |
420,675 |
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$ |
(49,484 |
) |
(1)Includes 4,478,716 Units issued under the Private Offering and 155,228 Units issued pursuant to the Partnership's DRIP, and net of 548,300 Units redeemed or repurchased. (2)Includes approximately $404.2 million of initial contributions under the Private Offering and approximately $14.0 million of DRIP contributions. (3)Redemptions/repurchases amounts reflect 71,940 Class A Units, 443,213 Class I Units, and 33,147 Class R Units redeemed or repurchased. (4)Numbers of Units and OP Units rounded in order to show the correct totals owned by the GP and SCI-II.
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| Summary of Proceeds from Private Offering and Number of Units Issued |
The following tables set forth the net proceeds raised from the Private Offering and the number of Units issued for the three and six months ended June 30, 2026 and 2025:
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Three Months Ended |
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Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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($s in thousands) |
# of Units Issued |
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Proceeds |
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# of Units Issued |
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Proceeds |
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# of Units Issued |
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Proceeds |
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# of Units Issued |
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Proceeds |
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Class A |
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56,126 |
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$ |
5,065 |
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136,836 |
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$ |
12,349 |
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167,584 |
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$ |
15,124 |
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261,408 |
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$ |
23,592 |
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Class I |
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— |
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— |
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14,404 |
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1,300 |
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— |
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— |
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14,404 |
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1,300 |
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Class R |
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30,083 |
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2,715 |
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64,643 |
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5,834 |
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63,701 |
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5,749 |
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167,280 |
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15,097 |
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Total |
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86,209 |
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$ |
7,780 |
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215,883 |
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$ |
19,483 |
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231,285 |
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$ |
20,873 |
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443,092 |
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$ |
39,989 |
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| Summary of Partners Capital Contributions Received and Number of Units Issued |
The following tables set forth the DRIP contributions received, and the number of Units issued pursuant to the DRIP, during the three and six months ended June 30, 2026 and 2025:
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Three Months Ended |
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Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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($s in thousands) |
# of Units Issued |
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DRIP Proceeds |
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# of Units Issued |
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DRIP Proceeds |
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# of Units Issued |
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DRIP Proceeds |
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# of Units Issued |
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DRIP Proceeds |
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Class A |
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12,021 |
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$ |
1,085 |
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9,616 |
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$ |
867 |
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23,679 |
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$ |
2,137 |
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18,688 |
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$ |
1,686 |
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Class I |
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509 |
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46 |
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519 |
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47 |
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1,023 |
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92 |
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1,144 |
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103 |
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Class R |
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5,943 |
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536 |
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4,720 |
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426 |
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11,913 |
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1,075 |
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8,988 |
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811 |
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Total |
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18,473 |
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$ |
1,667 |
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14,855 |
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$ |
1,340 |
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36,615 |
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$ |
3,304 |
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28,820 |
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$ |
2,600 |
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