As of June 30, 2026, the Operating Partnership had issued OP Units to third-party investors, representing 89.1% of limited partnership interests. The limited partnership interests of these third-party investors are reflected in noncontrolling interests on the consolidated balance sheet. The following tables summarize the number of OP Units issued and outstanding to third-party investors for the three and six months ended June 30, 2026:


	Three Months Ended June 30, 2026
Balance at beginning of period		—
Noncontrolling interests recognized upon consolidation of equity method investment		5,358,257
Redemption of units from May 1, 2026 through June 30, 2026		(19,445	)
Balance at end of period		5,338,812


	Six Months Ended June 30, 2026
Balance at beginning of period		—
Noncontrolling interests recognized upon consolidation of equity method investment		5,358,257
Redemption of units from May 1, 2026 through June 30, 2026		(19,445	)
Balance at end of period		5,338,812

Pursuant to the Operating Partnership’s partnership agreement, after holding OP Units for at least two years (or such shorter period as consented to by the Company), OP Unit holders have the right to require the Company to redeem all or a portion of such OP Units for, at the Company’s discretion, cash or common stock.