| Schedule of Loans Payable |
Information on the Company’s Loans payable as of June 30, 2026 and December 31, 2025 is as follows:
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Description |
June 30, 2026 |
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FM Property |
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CO Property |
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Net Lease DST Property |
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Buchanan Property |
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Keller Springs Property |
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Summerfield Property |
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Valencia Property |
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Citizens Facility |
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Kacey Property |
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Industry Property |
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ON3 Property |
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West End Property |
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Palms Property |
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Pearland Property |
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WAG MH Property |
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Archer Property |
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Total |
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Principal amount of loans |
$ |
21,000,000 |
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$ |
26,550,000 |
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$ |
22,495,184 |
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$ |
9,600,000 |
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$ |
33,500,000 |
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$ |
76,575,000 |
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$ |
55,200,000 |
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$ |
28,921,867 |
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$ |
40,640,000 |
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$ |
43,200,000 |
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$ |
66,731,250 |
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$ |
29,000,000 |
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$ |
20,000,000 |
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$ |
22,500,000 |
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$ |
32,581,902 |
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$ |
44,600,000 |
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$ |
573,095,203 |
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Less: Deferred financing costs, net of
accumulated amortization of $5,124,891 |
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(46,440 |
) |
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(108,039 |
) |
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(137,214 |
) |
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(42,608 |
) |
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(1,088,636 |
) |
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(104,352 |
) |
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(448,243 |
) |
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(806,341 |
) |
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(204,754 |
) |
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(247,724 |
) |
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(561,261 |
) |
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(274,508 |
) |
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(240,550 |
) |
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(303,799 |
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- |
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- |
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(4,614,469 |
) |
Loans payable, net of deferred financing
costs and amortization |
$ |
20,953,560 |
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$ |
26,441,961 |
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$ |
22,357,970 |
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$ |
9,557,392 |
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$ |
32,411,364 |
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$ |
76,470,648 |
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$ |
54,751,757 |
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$ |
28,115,526 |
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$ |
40,435,246 |
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$ |
42,952,276 |
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$ |
66,169,989 |
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$ |
28,725,492 |
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$ |
19,759,450 |
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$ |
22,196,201 |
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$ |
32,581,902 |
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$ |
44,600,000 |
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$ |
568,480,734 |
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Description |
December 31, 2025 |
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FM Property |
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CO Property |
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Net Lease DST Property |
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Buchanan Property |
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Keller Springs Property |
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Summerfield Property |
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Valencia Property |
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Citizens Facility |
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Kacey Property |
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Industry Property |
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ON3 Property |
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West End Property |
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Palms Property |
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Pearland Property |
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WAG Portfolio Property |
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Total |
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Principal amount of loans |
$ |
21,000,000 |
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$ |
26,550,000 |
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$ |
22,495,184 |
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$ |
9,600,000 |
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$ |
33,500,000 |
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$ |
76,575,000 |
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$ |
55,200,000 |
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$ |
101,166,935 |
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$ |
40,640,000 |
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$ |
43,200,000 |
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$ |
66,731,250 |
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$ |
29,000,000 |
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$ |
20,000,000 |
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$ |
22,500,000 |
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$ |
32,581,902 |
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$ |
600,740,271 |
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Less: Deferred financing costs, net of
accumulated amortization of $4,582,656 |
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(55,626 |
) |
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(116,670 |
) |
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(149,978 |
) |
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(46,130 |
) |
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(1,194,690 |
) |
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(115,236 |
) |
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(492,502 |
) |
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(1,001,717 |
) |
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(223,483 |
) |
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(270,032 |
) |
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(608,929 |
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(296,551 |
) |
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(259,864 |
) |
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(325,296 |
) |
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- |
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(5,156,704 |
) |
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Loans payable, net of deferred financing
costs and amortization |
$ |
20,944,374 |
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$ |
26,433,330 |
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$ |
22,345,206 |
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$ |
9,553,870 |
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$ |
32,305,310 |
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$ |
76,459,764 |
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$ |
54,707,498 |
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$ |
100,165,218 |
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$ |
40,416,517 |
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$ |
42,929,968 |
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$ |
66,122,321 |
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$ |
28,703,449 |
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$ |
19,740,136 |
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$ |
22,174,704 |
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$ |
32,581,902 |
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$ |
595,583,567 |
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