Investments in Real Estate-Related Assets (Tables)

6 Months Ended

Jun. 30, 2026

Station DST [Member]

Real Estate Properties [Line Items]

Information about Properties Relating to Location, Rentable Square Feet, and Annualized Rental Income

The results of operations for the Company’s investment in Station DST for the three and six months ended June 30, 2026 and June 30, 2025 are summarized below:


	For the Three Months Ended June 30,							For the Six Months Ended June 30,
Station DST	2026				2025			2026				2025
Revenues	$	1,865,329			$	1,660,514		$	3,716,406			$	3,608,861
Operating expenses		(1,303,799	)			(1,348,254	)		(2,627,663	)			(2,724,816	)
Other expenses, net		(413,643	)			(413,495	)		(822,633	)			(822,454	)
Net income	$	147,887			$	(101,235	)	$	266,110			$	61,591
Net income (loss) attributable to the Company(1)	$	22,184			$	(15,185	)	$	39,917			$	9,239

(1) Represents the Company’s allocable share of net income based on the Company’s ownership interest in the underlying investment in real estate-related assets and is included within Income from investments in real-estate related assets on the Company’s unaudited consolidated statements of operations.

Westchester DST [Member]

Real Estate Properties [Line Items]

Information about Properties Relating to Location, Rentable Square Feet, and Annualized Rental Income

The results of operations for the Company’s investment in Westchester DST for the three and six months ended June 30, 2026 and June 30, 2025 are summarized below:


	For the Three Months Ended June 30,							For the Six Months Ended June 30,
Westchester DST	2026				2025			2026				2025
Revenues	$	751,735			$	—		$	751,735			$	—
Operating expenses		(365,496	)			—			(365,496	)			—
Other expenses, net		(278,424	)			—			(278,424	)			—
Net income	$	107,815			$	—		$	107,815			$	—

Net income attributable to the Company(1)	$	57,993			$	—		$	57,993			$	—

(1) Represents the Company’s allocable share of net income based on the Company’s ownership interest in the underlying investment in real estate-related assets and is included within Income from investments in real-estate related assets on the Company’s unaudited consolidated statements of operations.