6.DISCONTINUED OPERATIONS

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On December 22, 2025, the Company, through the Operating Partnership, closed the Tower Sale, which included the sale of the equity interests of Vogue Towers II, LLC (“Vogue Towers II”), Towers II Holdco (“Towers II”) and SWIF II Investment Co. Towers I, LLC (“Towers I,” and, together with Towers II and Vogue Towers II, the “Disposed Companies”), which were wholly owned subsidiaries of the Operating Partnership, for a purchase price of $55,105,862, exclusive of closing costs. In connection with the closing of the Tower Sale, the Company repaid $16,500,000 of the outstanding principal balance on the Sunflower Secured Credit Facility, which were partially secured by or allocated to the assets that were held by the Disposed Companies prior to the closing of the Tower Sale. In addition, the Company recognized a gain on sale of discontinued operations amounting to $13,994,152. The Tower Sale represented a strategic shift in the Company’s business and, as such, the Disposed Companies were reflected as discontinued operations for all the relevant periods presented.

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For the three and six months ended June 30, 2025 and prior to the reclassification of the results of these Disposed Companies to loss from discontinued operations, the Disposed Companies represented approximately 43% and 42%, respectively, of the Company’s revenues, 33% and 38%, respectively, of the Company’s total expenses and (4)% and 2%, respectively, of the Company’s total segment operating net income.

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The following table provides the results of the operations of these Disposed Companies for the three and six months ended June 30, 2025:

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The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows for the six months ended June 30, 2025. The following table provides the key cash flow and non-cash information related to discontinued operations:

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