During the period from July 1, 2026 through August 13, 2026, the Company issued the following shares, including shares issued under the DRIP (in thousands, except for share amounts):


	Common shares				DRIP
	Shares		Gross Proceeds		Shares		Gross Proceeds
Class I Common Shares		1,109,157	$	22,174		40,036	$	801
Class S Common Shares		130,895		2,634		58,930		1,182
Class E Common Shares		—		—		297		6
Total		1,240,052	$	24,808		99,263	$	1,989

During the period from July 1, 2026 through August 13, 2026, the Company originated one U.S. commercial real estate loan with a total outstanding principal amount of $45.2 million and a total loan amount of $53.2 million. The loan earns interest at one-month term SOFR plus a spread for an interest rate of approximately 5.9% based on the interest rate in effect at origination and has an initial maturity date of August 2029.

During the period from July 1, 2026 through August 13, 2026, the Company acquired one non-U.S. commercial real estate loan participation with a total outstanding principal amount of €88.2 million and a total loan amount of €100.0 million. The loan earns interest at three-month Euro Interbank Offered Rate (“EURIBOR”) plus a spread for an interest rate of approximately 5.1% based on the interest rate in effect at acquisition and has an initial maturity date of May 2028.

On July 1, 2026, pursuant to the Advisory Agreement Amendment, the additional waiver of the Management Fee agreed to by the Advisor ended and accordingly, the Advisor began earning Management Fees commencing July 1, 2026, in accordance with the terms of the Advisory Agreement.

As further described herein, on July 30, 2026, the Citibank Repurchase Agreement was amended and restated to permit the sale of mortgaged properties located outside of the United States of America to Citibank by the Company, including properties whose applicable purchase price is denominated in euros, Swiss francs, pounds sterling or Australian dollars.