EQUITY (DEFICIT) (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| EQUITY (DEFICIT) |
|
| Schedule of common shares |
| | | | | | | | | | | Number of Shares | | Number of Shares | Classification | | Par Value | | Available | | Outstanding | Class A Common Stock | | 0.01 | | 6,000,000 | | 4,287,191 | Class AX Common Stock | | 0.01 | | 3,000,000 | | 1,345,067 | Class D Common Stock | | 0.01 | | 100,000,000 | | — | Class DX Common Stock | | 0.01 | | 100,000,000 | | — | Class I Common Stock | | 0.01 | | 100,000,000 | | 3,305,288 | Class IX Common Stock | | 0.01 | | 100,000,000 | | 1,351,915 | Class S Common Stock | | 0.01 | | 94,000,000 | | — | Class T Common Stock | | 0.01 | | 97,000,000 | | 69,793 | Total | | | | 600,000,000 | | 10,359,254 |
|
| Schedule of cash dividends declared and payable |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Classification | | 2026 | | 2025 | | 2026 | | 2025 | Class A Common Stock | | $ | 190,414 | | $ | 650,214 | | $ | 775,984 | | $ | 1,319,045 | Class AX Common Stock | | | 59,931 | | | 3,079 | | | 90,130 | | | 4,173 | Class I Common Stock | | | 147,078 | | | 231,597 | | | 349,955 | | | 471,468 | Class IX Common Stock | | | 60,003 | | | 16,317 | | | 121,114 | | | 17,386 | Class T Common Stock | | | 2,610 | | | 703 | | | 7,890 | | | 703 | Class P OP Units | | | 49,783 | | | 229,429 | | | 202,914 | | | 458,689 | Class PX OP Units | | | 7,978 | | | 2,429 | | | 8,020 | | | 5,008 | Total | | $ | 517,797 | | $ | 1,133,768 | | $ | 1,556,007 | | $ | 2,276,472 |
|
| Schedule of dividend and distribution reinvestment |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Classification | | 2026 | | 2025 | | 2026 | | 2025 | Class A Common Stock | | $ | — | | $ | — | | $ | — | | $ | — | Class AX Common Stock | | | — | | | 194,233 | | | 152,974 | | | 381,108 | Class I Common Stock | | | — | | | 30,958 | | | 247,503 | | | 30,958 | Class IX Common Stock | | | — | | | 236,294 | | | 132,952 | | | 491,025 | Class T Common Stock | | | — | | | — | | | — | | | — | Class P OP Units | | | — | | | — | | | 2,483 | | | — | Class PX OP Units | | | — | | | 25,074 | | | 23,697 | | | 50,186 | Total | | $ | — | | | 486,559 | | $ | 559,609 | | $ | 953,277 |
|
| Net loss attributable to Company's stockholders |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Loss from continuing operations | | $ | (2,105,661) | | $ | (2,182,871) | | $ | (3,920,332) | | $ | (4,066,372) | Loss from discontinued operations | | | — | | | (653,050) | | | — | | | (1,282,048) | Net loss | | $ | (2,105,661) | | $ | (2,835,921) | | $ | (3,920,332) | | $ | (5,348,420) |
|