| Summary of Redeemable Non-Controlling Interests |
The following table reflects the Company's redeemable non-controlling interests and non-controlling interest during the three and six months ended June 30, 2026 and 2025:
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Brown Family Trust and Brown Family Enterprises, LLC |
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LMB Owenton I LLC |
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JCWC Funding, LLC |
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Lloyd M. Bernstein |
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LC2-NNN Pref, LLC |
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Total Redeemable Non-Controlling Interests |
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Non-Controlling Interests - Former GIP Fund 1 Members |
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Balance, December 31, 2024 |
$ |
3,000,000 |
|
$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
- |
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$ |
16,974,975 |
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$ |
26,664,545 |
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$ |
392,861 |
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Issuance of Redeemable Non-Controlling Interests |
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- |
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- |
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- |
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4,209,154 |
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- |
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4,209,154 |
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- |
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Distribution on Non-Controlling Interests |
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(52,500 |
) |
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(24,209 |
) |
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(90,675 |
) |
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(33,934 |
) |
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(204,331 |
) |
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(405,648 |
) |
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- |
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Net income (loss) for the quarter |
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52,500 |
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|
24,209 |
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|
90,675 |
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|
33,934 |
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|
733,081 |
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|
934,399 |
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- |
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Balance, March 31, 2025 |
$ |
3,000,000 |
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$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
4,209,154 |
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$ |
17,503,725 |
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$ |
31,402,450 |
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$ |
392,861 |
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Distribution on Non-Controlling Interests |
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(52,500 |
) |
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(12,104 |
) |
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(90,675 |
) |
$ |
(57,623 |
) |
$ |
(214,455 |
) |
|
(427,358 |
) |
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- |
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Net income (loss) for the quarter |
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52,500 |
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|
12,104 |
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|
90,675 |
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$ |
57,623 |
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|
743,205 |
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|
956,108 |
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- |
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Balance, June 30, 2025 |
$ |
3,000,000 |
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$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
4,209,154 |
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$ |
18,032,475 |
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$ |
31,931,200 |
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$ |
392,861 |
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Balance, December 31, 2025 |
$ |
3,000,000 |
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$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
4,209,154 |
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$ |
18,289,140 |
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$ |
32,187,864 |
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$ |
392,861 |
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Distribution on Non-Controlling Interests |
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(52,500 |
) |
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(18,157 |
) |
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(90,675 |
) |
$ |
(57,623 |
) |
$ |
(5,867,724 |
) |
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(6,086,679 |
) |
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- |
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Net income (loss) for the quarter |
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52,500 |
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|
18,157 |
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|
90,675 |
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|
57,623 |
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|
646,033 |
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|
864,988 |
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- |
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Balance, March 31, 2026 |
$ |
3,000,000 |
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$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
4,209,154 |
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$ |
13,067,449 |
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$ |
26,966,173 |
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$ |
392,861 |
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Distribution on Non-Controlling Interests |
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(52,500 |
) |
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(18,157 |
) |
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(90,675 |
) |
$ |
(57,623 |
) |
$ |
(2,716,993 |
) |
|
(2,935,948 |
) |
|
- |
|
Net income (loss) for the quarter |
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52,500 |
|
|
18,157 |
|
|
90,675 |
|
|
57,623 |
|
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(121,684 |
) |
|
97,271 |
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|
- |
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Balance, June 30, 2026 |
$ |
3,000,000 |
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$ |
1,109,570 |
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$ |
5,580,000 |
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$ |
4,209,154 |
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$ |
10,228,772 |
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$ |
24,127,496 |
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$ |
392,861 |
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