RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Jun. 30, 2026

The asset management fees incurred for the period from July 1, 2025 through December 31, 2025 under the prior Advisory Management Agreement effective January 1, 2021 were calculated based on quarter-end invested capital, segregated into the three categories presented below.

Asset Management Fee Annual %		3.00%		2.00%		1.50%	Total Invested Capital

Quarter ended:
September 30, 2025	$	20,000,000	$	80,000,000	$	90,460,712	$	190,460,712
December 31, 2025	$	20,000,000	$	80,000,000	$	91,413,218	$	191,413,218

Quarter ended:
September 30, 2024	$	20,000,000	$	80,000,000	$	81,925,868	$	181,925,868
December 31, 2024	$	20,000,000	$	80,000,000	$	82,656,576	$	182,656,576
March 31, 2025	$	20,000,000	$	80,000,000	$	84,816,443	$	184,816,443
June 30, 2025	$	20,000,000	$	80,000,000	$	87,749,115	$	187,749,115

Related Party Expenses

The table below outlines the related party expenses incurred for the years ended June 30, 2026 and 2025, and unpaid as of June 30, 2026 and 2025.

	Year ended				Unpaid as of
Types and Recipient	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Asset management fees - the Real Estate Adviser	$	3,389,022	$	3,449,487	$	1,611,895	$	-
Bonus management fees - the Real Estate Adviser		26,876		-		26,876		-
Administrative cost reimbursements - MacKenzie		881,000		669,855		-		-
Asset acquisition fees - the Real Estate Adviser ⁽¹⁾		-		292,000		-		-
Transfer agent cost reimbursements - MacKenzie		-		6,145		-		-
Organization & Offering Cost ⁽²⁾ - MacKenzie		401,369		49,680		451,049		49,680
Other expenses ⁽³⁾- MacKenzie and Subsidiary’s GPs		-		-		107,803		118,084
Due to related entities					$	2,197,623	$	167,764

⁽¹⁾Asset acquisition fees paid to the Real Estate Adviser were capitalized as a part of the real estate basis in accordance with our policy. The acquisition fee paid during the year ended June 30, 2025 was for the acquisition of Green Valley Medical Center in August 2024.

⁽²⁾Offering costs paid by MacKenzie - discussed in this Note under organization and offering costs reimbursements.

⁽³⁾Expenses paid by MacKenzie and General Partner of a subsidiary on behalf of us and subsidiary.