Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity

Schedule of length of time use to calculate repurchase price


Share Purchase Anniversary		Repurchase Price on Repurchase Date
Less than 1 year		No Repurchase Allowed
1 year		92.5% of most recent Estimated Per Share NAV
2 years		95.0% of most recent Estimated Per Share NAV
3 years		97.5% of most recent Estimated Per Share NAV
4 years		100.0% of most recent Estimated Per Share NAV
In the event of a stockholder’s death or disability		100.0% of most recent Estimated Per Share NAV

Schedule of share repurchase program


		Requests
		Received		Number																Repurchase
		During		of Share								$ Amount			Average					Requests
Share		Year/Quarter		Repurchases			Year/Date		Shares			of Shares			$ Amount			Requests		Outstanding at
Class		Ended		Requested			Repurchased		Repurchased			Repurchased			per share			Withdrawn		June 30, 2026
K		2023		122,684	⁽¹⁾		2023		32,297			$	369,950		$	11.45		-		-
							2024		23,798			$	273,831		$	11.51		-		-
							5/21/2025		1,603			$	7,019		$	10.17		-		-
							9/2/2025		1,565			$	15,917		$	10.17		671		-
							12/8/2025		2,895			$	29,455		$	10.17		-		-
							3/6/2026		1,892			$	19,246		$	10.17		6,937
							6/1/2026		682			$	6,929		$	10.17				50,344
K		2024		282,359	⁽¹⁾		2024		48,967			$	511,412		$	10.44		-		-
							2/13/2025		20,144			$	204,863		$	10.17		2,457
							5/21/2025		13,033			$	132,512		$	10.17		-		-
							9/2/2025		4,589			$	46,672		$	10.17		14,079		-
							12/8/2025		8,266			$	84,064		$	10.17		1,366		-
							3/6/2026		6,061			$	61,634		$	10.17		658
							6/1/2026		2,174			$	22,098		$	10.16				160,565
K		3/31/2025		20,042	⁽¹⁾		5/21/2025		4,842			$	49,241		$	10.17		-		-
							9/2/2025		370			$	3,762		$	10.17		-		-
							12/8/2025		685			$	6,961		$	10.17		-		-
							3/6/2026		506			$	5,145		$	10.17		-
							6/1/2026		182			$	1,852		$	10.17				13,457
K		6/30/2025		32,542	⁽¹⁾		9/2/2025		12,746			$	129,628		$	10.17		9,757		-
							12/8/2025		463			$	4,712		$	10.17		-		-
							3/6/2026		342			$	3,483		$	10.17		-
							6/1/2026		123			$	1,253		$	10.17				9,111
K		9/30/2025		40,889	⁽¹⁾		12/8/2025		6,656			$	67,696		$	10.17		-
							3/6/2026		1,225			$	12,452		$	10.17		-
							6/1/2026		441			$	4,482		$	10.17		-		32,567
K		12/31/2025		78,008	⁽¹⁾		3/6/2026		9,057			$	92,114		$	10.17		-
							6/1/2026		921			$	9,363		$	10.17				68,030
K		3/31/2026		67,654	⁽¹⁾		6/1/2026		14,716			$	149,665		$	10.17		-		52,938
K		6/30/2026		23,132	⁽¹⁾		TBD		-			$	-		$	-		-		23,132
Total K Share repurchase requests outstanding																				410,144


		Received		Number																Repurchase
		During		of Share								$ Amount			Average					Requests
Share		Year/Quarter		Repurchases			Year/Date		Shares			of Shares			$ Amount			Requests		Outstanding at
Class		Ended		Requested			Repurchased		Repurchased			Repurchased			per share			Withdrawn		June 30, 2026
K-I		2023		7,186	⁽¹⁾		2023		2,142			$	24,628		$	11.50		1,036		-
							2024		954			$	10,771		$	11.29		-		-
							5/21/2025		74			$	747		$	10.07		-		-
							9/2/2025		73			$	737		$	10.17		-		-
							12/8/2025		134			$	1,365		$	10.17		-		-
							3/6/2026		99			$	1,009		$	10.17		-
							6/1/2026		36			$	364		$	10.17				2,638
K-I		2024		19,853	⁽¹⁾		2024		158			$	1,823		$	11.53		-		-
							5/21/2025		474			$	4,820		$	10.17		-		-
							9/2/2025		433			$	4,406		$	10.17		1,420		-
							12/8/2025		801			$	8,152		$	10.17
							3/6/2026		593			$	6,026		$	10.17
							6/1/2026		213			$	2,170		$	10.17				15,761
K-I		3/31/2025		5,000	⁽¹⁾		5/21/2025		123			$	1,224		$	9.92		-		-
							9/2/2025		119			$	1,207		$	10.17		-		-
							12/8/2025		220			$	2,234		$	10.17		-		-
							3/6/2026		162			$	1,651		$	10.17		-
							6/1/2026		58			$	594		$	10.17				4,318
K-I		9/30/2025		8,208	⁽¹⁾		12/8/2025		379			$	3,853		$	10.17		-
							3/6/2026		280			$	2,847		$	10.17		-
							6/1/2026		101			$	1,025		$	10.17		-		7,448
K-I		12/31/2025		588	⁽¹⁾		3/6/2026		21			$	213		$	10.17		-
							6/1/2026		8			$	76		$	10.17				559
K-I		3/31/2026		6,939	⁽¹⁾		6/1/2026		93			$	942		$	10.17		-		6,846
K-I		6/30/2026		14,224	⁽¹⁾		TBD		-			$	-		$	-		-		14,224
Total K-I Share repurchase requests outstanding																				51,794

(1)

Our board of directors determined that the funding limitation under the A&R SRP was reached in the referenced quarter with respect to share repurchase requests, as there were insufficient net proceeds from the DRIP to fund all share repurchase requests.

Schedule of share distributions

During the six months ended June 30, 2026, the Company’s board of directors authorized the payment of K Share distributions as follows:


	Shares			Amount
Date	Outstanding	Date	Record	Per Share	Distributions
Paid	Date	Authorized	Date	Per Day	K Share		K-I Share		OP Unit		Total
2/11/2026	12/31/2025	2/3/2026	2/10/2026	$0.001917808	$	681,398	$	252,796	$	22,606	$	956,800
4/29/2026	3/31/2026	4/27/2026	4/28/2026	$0.001917808		665,355		248,516		22,115		935,986
					$	1,346,753	$	501,312	$	44,721	$	1,892,786

During the six months ended June 30, 2025, the Company’s board of directors authorized the payment of distributions as follows:


	Shares			Amount
Date	Outstanding	Date	Record	Per Share	Distributions
Paid	Date	Authorized	Date	Per Day	K Share		K-I Share		OP Unit		Total
1/17/2025	12/31/2024	1/14/2025	1/16/2025	$0.001912568	$	684,394	$	245,671	$	22,544	$	952,609
5/1/2025	3/31/2025	4/25/2025	4/30/2025	$0.001917808		670,151		242,972		22,115		935,238
					$	1,354,545	$	488,643	$	44,659	$	1,887,847