| Summary of Financial Information |
Condensed Balance Sheet — MAC Group
|
|
|
June 30, 2026
|
|
|
Assets
|
|
|
|
|
Real estate assets, net
|
|
$
|
103,768,407 |
|
|
Cash, cash equivalents and restricted cash
|
|
|
1,781,323 |
|
|
Other assets
|
|
|
1,528,904 |
|
|
Total assets
|
|
$
|
107,078,634 |
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
Mortgage notes payable and other notes payable, net
|
|
$
|
62,155,029 |
|
|
Due to related entities
|
|
|
513,799 |
|
|
Accounts payable and accrued liabilities
|
|
|
387,083 |
|
|
Dividend payable
|
|
|
85,796 |
|
|
Other liabilities
|
|
|
644,479 |
|
|
Total liabilities
|
|
|
63,786,186 |
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
Stockholders’ equity
|
|
|
33,079,838 |
|
|
Non-controlling interests
|
|
|
10,212,610 |
|
|
Total equity
|
|
|
43,292,448 |
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
107,078,634 |
|
Condensed Statement of Operations — MAC Group
|
|
|
Year Ended
|
|
|
|
June 30, 2026
|
|
|
|
|
|
|
Rental, reimbursements and other property income
|
|
$
|
3,793,688 |
|
|
|
|
|
|
|
Expenses
|
|
|
|
|
|
Interest expense
|
|
|
1,764,346 |
|
|
Depreciation and amortization
|
|
|
1,580,907 |
|
|
Property operating and maintenance
|
|
|
1,629,442 |
|
|
General and administrative
|
|
|
499,648 |
|
|
Total operating expenses
|
|
|
5,474,343 |
|
|
|
|
|
|
|
Operating loss
|
|
|
(1,680,655 |
)
|
|
|
|
|
|
|
Other income
|
|
|
35,565 |
|
|
|
|
|
|
|
Net loss
|
|
|
(1,645,090 |
)
|
|
Net income attributable to non-controlling interests
|
|
|
(1,291,972 |
)
|
|
Net loss attributable to common stockholders
|
|
$
|
(2,937,062 |
)
|
|