v3.26.1
Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2026
Subsequent Events  
Schedule of Subsequent Events

Below is a table summarizing capital raising activities in the Company’s primary offerings subsequent to June 30, 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

 

July 1, 2026

 

Class I

 

 

4,468

 

 

$

50

 

 

$

11.19

 

July 1, 2026

 

Class A-II (1)

 

 

181,553

 

 

$

2,001

 

 

$

11.02

 

August 3, 2026

 

Class I

 

 

53,524

 

 

$

600

 

 

$

11.21

 

August 3, 2026

 

Class A-II (1)

 

 

316,667

 

 

$

3,496

 

 

$

11.04

 

 

Below is a table summarizing shares issued pursuant to the distribution reinvestment plan that occurred subsequent to June 30, 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

 

July 10, 2026

 

Class I

 

 

1,385

 

 

$

15

 

 

$

11.19

 

July 10, 2026

 

Class E (2)

 

 

272

 

 

$

3

 

 

$

12.05

 

July 10, 2026

 

Class A-I (1)

 

 

9,933

 

 

$

110

 

 

$

11.09

 

July 10, 2026

 

Class A-II (1)

 

 

12,482

 

 

$

138

 

 

$

11.02

 

July 10, 2026

 

Class T

 

 

8

 

 

$

0

 

 

$

11.17

 

August 10, 2026

 

Class I

 

 

1,377

 

 

$

15

 

 

$

11.21

 

August 10, 2026

 

Class E (2)

 

 

272

 

 

$

3

 

 

$

12.09

 

August 10, 2026

 

Class A-I (1)

 

 

9,961

 

 

$

111

 

 

$

11.11

 

August 10, 2026

 

Class A-II (1)

 

 

13,196

 

 

$

146

 

 

$

11.04

 

August 10, 2026

 

Class T

 

 

8

 

 

$

0

 

 

$

11.18

 

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.

 

 

Follow-on Offering

On July 29, 2026, the Company filed a Registration Statement on Form S-11 for a follow-on public offering of up to $4.5 billion in shares of common stock, consisting of up to $3.5 billion in shares of common stock in the primary offering and up to $1.0 billion in shares of common stock pursuant to the distribution reinvestment plan. The Registration Statement for the Company’s follow-on public offering has not yet been declared effective under the Securities Act.

Share Repurchases

On July 31, 2026, the Company repurchased 11,677 shares of common stock, totaling approximately $0.1 million, pursuant to the Company's share repurchase plan. The Company satisfied all repurchase requests submitted in good order for the July 31, 2026 repurchase date.

 

Third Renewal of Advisory Agreement

On July 31, 2026, the Company, the Operating Partnership and the Adviser entered into the Second Amended and Restated Advisory Agreement (the “Advisory Agreement”). The terms of the Advisory Agreement are substantially the same as the terms of the advisory agreement that was previously in effect (as such agreement had been amended and extended) except that the term of the Advisory Agreement was extended for an additional year through July 31, 2027. Pursuant to the terms of the Advisory Agreement, the Advisory Agreement may be renewed for an unlimited number of successive one-year periods upon the mutual consent of the Company, the Operating Partnership and the Adviser.