| REAL ESTATE ASSETS |
5.
REAL ESTATE ASSETS
As
of June 30, 2026 and December 31, 2025, real estate assets consisted of the following:
SCHEDULE
OF REAL ESTATE ASSETS
| Description | |
Land | | |
Building &
Improvements | | |
Other | | |
Accumulated
Depreciation | | |
Total Net
Carrying
Amount | |
| Balance at December 31, 2025 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (4,226,771 | ) | |
$ | 29,620,952 | |
| Depreciation Expense | |
| — | | |
| — | | |
| — | | |
| (268,679 | ) | |
| (268,679 | ) |
| Balance at March 31, 2026 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (4,495,450 | ) | |
$ | 29,352,273 | |
| Depreciation Expense | |
| — | | |
| — | | |
| — | | |
| (268,679 | ) | |
| (268,679 | ) |
| Balance at June 30, 2026 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (4,764,129 | ) | |
$ | 29,083,594 | |
| Description | |
Land | | |
Building &
Improvements | | |
Other | | |
Accumulated
Depreciation | | |
Total Net
Carrying
Amount | |
| Balance at December 31, 2024 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (3,152,054 | ) | |
$ | 30,695,669 | |
| Depreciation Expense | |
| — | | |
| — | | |
| — | | |
| (268,679 | ) | |
| (268,679 | ) |
| Balance at March 31, 2025 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (3,420,733 | ) | |
$ | 30,426,990 | |
| Depreciation Expense | |
| — | | |
| — | | |
| — | | |
| (268,679 | ) | |
| (268,679 | ) |
| Balance at June 30, 2025 | |
$ | 6,060,083 | | |
$ | 27,477,467 | | |
$ | 310,173 | | |
$ | (3,689,412 | ) | |
$ | 30,158,311 | |
Single
family residential properties
As
of June 30, 2026 and December 31, 2025, the Company owned 132 Single Family Residential Properties (“SFRs”). The Company’s
aggregate investment in those SFRs was $31 million. Depreciation expense was $268,679 in the three months ended June 30, 2026 and 2025.
Depreciation expense was $537,358 in the six months ended June 30, 2026 and 2025. These homes are located in Montgomery and Harris Counties,
Texas.
The
following table presents the summary of our SFRs as of June 30, 2026:
SUMMARY
OF SINGLE FAMILY RESIDENTIAL PROPERTIES
| | |
Number of Homes | | |
Aggregate Initial Investment | | |
Average Investment per Home | |
| SFRs | |
| 132 | | |
$ | 30,998,258 | | |
$ | 234,760 | |
|