Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events
Subsequent Events	14. Subsequent Events As of August 13, 2026, the following events have occurred subsequent to the June 30, 2026 effective date of the consolidated financial statements. Entry into Purchase and Sale Agreements On July 21, 2026, the Company entered into purchase and sale agreements to acquire (i) a property located at 8600 Highway 377, Aubrey, Texas 76258, consisting of a Caliber Collision Center for $5,494,444 and (ii) a property located at 282 South Colonial Drive, Cleburne, Texas 76033, consisting of a Caliber Collision Center for $5,648,000. The acquisitions are each expected to close within 60 days. However, several conditions to closing on the acquisitions remain to be satisfied, and there can be no assurance that the Company will complete the transactions. The Company intends to assign its interests in the acquisitions to to-be-formed DSTs and to complete each acquisition through the DSTs. The Company expects to offer beneficial interests in the DSTs to accredited investors in a private placement under Regulation D, the proceeds of which will be used to redeem the Company’s beneficial interests for cash. Sale of Ashley Plaza Property On July 29, 2026, the Company closed on the sale of the Ashley Plaza Property to an unrelated third party for a sale price of $16.6 million, less customary closing costs and credits for repairs and other items of $300,000. Acquisition of Overland Park Caliber Property On July 29, 2026, the Company, through a wholly owned DST, closed on the acquisition of a property located at 14939 Metcalf Avenue, Overland Park, Kansas, 66223, consisting of a Caliber Collision Center from an unrelated third party for a purchase price of $5.8 million. The Company expects to offer beneficial interests in the DST to accredited investors in a private placement under Regulation D, the proceeds of which will be used to redeem the Company’s beneficial interests for cash. Common Stock Dividend On July 30, 2026, a dividend in the amount of $0.0675 per share was paid to holders of Common Shares and OP Unit holders of record on July 23, 2026. Completion of Sale of Beneficial Interests in XXV DST On August 7, 2026, XXV DST, a Delaware statutory trust sponsored by the Company through the Company’s wholly owned subsidiary, MDI Sponsor, LLC, completed the closing of its inaugural DST offering, with 100% of the beneficial interests in the trust placed with accredited 1031 exchange investors. The Company generated approximately $7,990,000 in net proceeds from the sale of the beneficial interests.

Subsequent Events

6 Months Ended

Jun. 30, 2026

14. Subsequent Events

As of August 13, 2026, the following events have occurred subsequent to the June 30, 2026 effective date of the consolidated financial statements.

Entry into Purchase and Sale Agreements

On July 21, 2026, the Company entered into purchase and sale agreements to acquire (i) a property located at 8600 Highway 377, Aubrey, Texas 76258, consisting of a Caliber Collision Center for $5,494,444 and (ii) a property located at 282 South Colonial Drive, Cleburne, Texas 76033, consisting of a Caliber Collision Center for $5,648,000. The acquisitions are each expected to close within 60 days. However, several conditions to closing on the acquisitions remain to be satisfied, and there can be no assurance that the Company will complete the transactions. The Company intends to assign its interests in the acquisitions to to-be-formed DSTs and to complete each acquisition through the DSTs. The Company expects to offer beneficial interests in the DSTs to accredited investors in a private placement under Regulation D, the proceeds of which will be used to redeem the Company’s beneficial interests for cash.

Sale of Ashley Plaza Property

On July 29, 2026, the Company closed on the sale of the Ashley Plaza Property to an unrelated third party for a sale price of $16.6 million, less customary closing costs and credits for repairs and other items of $300,000.

Acquisition of Overland Park Caliber Property

On July 29, 2026, the Company, through a wholly owned DST, closed on the acquisition of a property located at 14939 Metcalf Avenue, Overland Park, Kansas, 66223, consisting of a Caliber Collision Center from an unrelated third party for a purchase price of $5.8 million. The Company expects to offer beneficial interests in the DST to accredited investors in a private placement under Regulation D, the proceeds of which will be used to redeem the Company’s beneficial interests for cash.

Common Stock Dividend

On July 30, 2026, a dividend in the amount of $0.0675 per share was paid to holders of Common Shares and OP Unit holders of record on July 23, 2026.

Completion of Sale of Beneficial Interests in XXV DST

On August 7, 2026, XXV DST, a Delaware statutory trust sponsored by the Company through the Company’s wholly owned subsidiary, MDI Sponsor, LLC, completed the closing of its inaugural DST offering, with 100% of the beneficial interests in the trust placed with accredited 1031 exchange investors. The Company generated approximately $7,990,000 in net proceeds from the sale of the beneficial interests.