| Summary of Total Assets by Reportable Segment |
The following table details the total assets by reportable segment as of June 30, 2026:
|
|
|
|
|
|
|
June 30, 2026 |
|
Healthcare |
|
$ |
356,074 |
|
Self-Storage |
|
|
38,014 |
|
Education |
|
|
43,705 |
|
Corporate and other |
|
|
6,164 |
|
Total assets |
|
$ |
443,957 |
|
|
| Summary of Financial Results by Reportable Segment |
The following table details the financial results by reportable segment for the three months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare |
|
|
Self-Storage |
|
|
Education |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Rental revenue |
|
$ |
4,178 |
|
|
$ |
576 |
|
|
$ |
797 |
|
|
$ |
5,551 |
|
Other property revenue |
|
|
1 |
|
|
|
71 |
|
|
|
— |
|
|
|
72 |
|
Total revenues |
|
|
4,179 |
|
|
|
647 |
|
|
|
797 |
|
|
|
5,623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Property operating expenses |
|
|
411 |
|
|
|
245 |
|
|
|
375 |
|
|
|
1,031 |
|
Real estate tax expense |
|
|
186 |
|
|
|
51 |
|
|
|
77 |
|
|
|
314 |
|
Total expenses |
|
|
597 |
|
|
|
296 |
|
|
|
452 |
|
|
|
1,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment net operating income |
|
$ |
3,582 |
|
|
$ |
351 |
|
|
$ |
345 |
|
|
$ |
4,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
$ |
(2,596 |
) |
|
$ |
(762 |
) |
|
$ |
(734 |
) |
|
$ |
(4,092 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from equity method investment in Operating Partnership |
|
|
|
|
|
|
|
|
|
|
$ |
(100 |
) |
Gain on consolidation of equity method investment |
|
|
|
|
|
|
|
|
|
|
|
2,140 |
|
General and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
(628 |
) |
Advisor management fee |
|
|
|
|
|
|
|
|
|
|
|
(140 |
) |
Performance participation allocation |
|
|
|
|
|
|
|
|
|
|
|
(82 |
) |
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(2,702 |
) |
Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
8 |
|
Net loss |
|
|
|
|
|
|
|
|
|
|
$ |
(1,318 |
) |
The following table details the financial results by reportable segment for the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare |
|
|
Self-Storage |
|
|
Education |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Rental revenue |
|
$ |
4,178 |
|
|
$ |
576 |
|
|
$ |
797 |
|
|
$ |
5,551 |
|
Other property revenue |
|
|
1 |
|
|
|
71 |
|
|
|
— |
|
|
|
72 |
|
Total revenues |
|
|
4,179 |
|
|
|
647 |
|
|
|
797 |
|
|
|
5,623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Property operating expenses |
|
|
411 |
|
|
|
245 |
|
|
|
375 |
|
|
|
1,031 |
|
Real estate tax expense |
|
|
186 |
|
|
|
51 |
|
|
|
77 |
|
|
|
314 |
|
Total expenses |
|
|
597 |
|
|
|
296 |
|
|
|
452 |
|
|
|
1,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment net operating income |
|
$ |
3,582 |
|
|
$ |
351 |
|
|
$ |
345 |
|
|
$ |
4,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
$ |
(2,596 |
) |
|
$ |
(762 |
) |
|
$ |
(734 |
) |
|
$ |
(4,092 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from equity method investment in Operating Partnership |
|
|
|
|
|
|
|
|
|
|
$ |
(463 |
) |
Gain on consolidation of equity method investment |
|
|
|
|
|
|
|
|
|
|
|
2,140 |
|
General and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
(628 |
) |
Advisor management fee |
|
|
|
|
|
|
|
|
|
|
|
(140 |
) |
Performance participation allocation |
|
|
|
|
|
|
|
|
|
|
|
(82 |
) |
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(2,702 |
) |
Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
8 |
|
Net loss |
|
|
|
|
|
|
|
|
|
|
$ |
(1,681 |
) |
|