v3.26.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Rights, Preferences, and Other Significant Terms of Series A Preferred Stock The rights, preferences, and other significant terms of the Series A Preferred Stock are summarized below.

 

 

 

 

 

 

 

 

Preferential Cash Dividends

 

Series

Shares Issued and Outstanding

 

 

Par Value (per Share)

 

 

Liquidation Preference

 

 

Rate per Annum

 

 

Annual Dividend (per Share)

 

Series A

 

800,000

 

 

$

0.01

 

 

$

25.00

 

 

 

9.50

%

 

$

2.375

 

Summary of Class I OP Units and Class T OP Units Issued and Outstanding

The following table summarizes the number of Class I OP Units and Class T OP Units issued and outstanding to third-party investors:

 

 

 

 

 

 

 

 

 

 

As of June 30, 2026

 

 

As of December 31, 2025

 

Balance at the beginning of the year

 

 

3,033,518

 

 

 

2,134,758

 

  Issuance of Class I OP Units

 

 

6,160,639

 

 

 

898,760

 

  Issuance of Class T OP Units

 

 

1,431,877

 

 

 

 

Balance at the end of period

 

 

10,626,035

 

 

 

3,033,518