0001550913 2025-07-01 2026-06-30 0001550913 2025-12-31 0001550913 2026-09-28 0001550913 2026-06-30 0001550913 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2025-06-30 0001550913 us-gaap:SeriesCPreferredStockMember 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember 2025-06-30 0001550913 2024-07-01 2025-06-30 0001550913 us-gaap:CommonStockMember 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2025-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2025-06-30 0001550913 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0001550913 us-gaap:RetainedEarningsMember 2025-06-30 0001550913 us-gaap:ParentMember 2025-06-30 0001550913 us-gaap:NoncontrollingInterestMember 2025-06-30 0001550913 us-gaap:CommonStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2026-06-30 0001550913 us-gaap:RetainedEarningsMember 2025-07-01 2026-06-30 0001550913 us-gaap:ParentMember 2025-07-01 2026-06-30 0001550913 us-gaap:NoncontrollingInterestMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:RetainedEarningsMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:ParentMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:NoncontrollingInterestMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:RetainedEarningsMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:ParentMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:NoncontrollingInterestMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:CommonStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:RetainedEarningsMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:ParentMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:NoncontrollingInterestMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:CommonStockMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2026-06-30 0001550913 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0001550913 us-gaap:RetainedEarningsMember 2026-06-30 0001550913 us-gaap:ParentMember 2026-06-30 0001550913 us-gaap:NoncontrollingInterestMember 2026-06-30 0001550913 us-gaap:CommonStockMember 2024-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2024-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2024-06-30 0001550913 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001550913 us-gaap:RetainedEarningsMember 2024-06-30 0001550913 us-gaap:ParentMember 2024-06-30 0001550913 us-gaap:NoncontrollingInterestMember 2024-06-30 0001550913 2024-06-30 0001550913 us-gaap:CommonStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-30 0001550913 us-gaap:RetainedEarningsMember 2024-07-01 2025-06-30 0001550913 us-gaap:ParentMember 2024-07-01 2025-06-30 0001550913 us-gaap:NoncontrollingInterestMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:RetainedEarningsMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:ParentMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:NoncontrollingInterestMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:RetainedEarningsMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:ParentMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:NoncontrollingInterestMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember us-gaap:RetainedEarningsMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember us-gaap:ParentMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember us-gaap:NoncontrollingInterestMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember us-gaap:RetainedEarningsMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember us-gaap:ParentMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember us-gaap:NoncontrollingInterestMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassBMember 2024-07-01 2025-06-30 0001550913 2025-08-04 2025-08-04 0001550913 us-gaap:SeriesCPreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember 2025-07-01 2026-06-30 0001550913 us-gaap:CommonClassBMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember 2024-07-01 2025-06-30 0001550913 mrc:MartinPlazaAssociatesLPMember 2025-07-01 2026-06-30 0001550913 mrc:MartinPlazaAssociatesLPMember 2024-07-01 2025-06-30 0001550913 2026-04-01 2026-06-30 0001550913 mrc:AdvisoryAgreementsMember 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieApartmentCommunitiesIncMember 2026-01-01 0001550913 us-gaap:CommonClassAMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2021-04-13 0001550913 us-gaap:SeriesBPreferredStockMember 2021-04-13 0001550913 us-gaap:SeriesCPreferredStockMember 2021-04-13 0001550913 2024-11-30 2024-11-30 0001550913 mrc:SeriesAAndBPreferredStockMember 2023-11-01 0001550913 srt:MaximumMember mrc:ATMSalesAgreementMember us-gaap:CommonStockMember 2026-01-07 2026-01-07 0001550913 mrc:ATMSalesAgreementMember us-gaap:CommonStockMember 2026-01-07 0001550913 mrc:ATMSalesAgreementMember us-gaap:CommonStockMember 2026-01-07 2026-01-07 0001550913 us-gaap:CommonStockMember 2024-08-26 2024-08-26 0001550913 srt:MinimumMember 2025-08-04 2025-08-04 0001550913 us-gaap:CommonClassAMember 2025-08-03 0001550913 us-gaap:CommonClassAMember 2025-08-04 0001550913 mrc:RegisteredOfferingAndConcurrentPrivatePlacementMember 2025-07-01 2026-06-30 0001550913 mrc:AtTheMarketOfferingMember 2025-07-01 2026-06-30 0001550913 us-gaap:PreferredStockMember 2025-06-30 0001550913 srt:MinimumMember 2025-07-01 2026-06-30 0001550913 srt:MaximumMember 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieNYRealEstate2CorpMember us-gaap:TaxYear2025Member 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieNYRealEstate2CorpMember us-gaap:LatestTaxYearMember 2025-07-01 2026-06-30 0001550913 us-gaap:CommonStockMember 2025-02-03 2025-02-03 0001550913 mrc:LakemontPartnersLLCMember srt:PartnershipInterestMember us-gaap:LimitedLiabilityCompanyMember 2026-06-30 0001550913 mrc:MartinPlazaAssociatesLPMember mrc:GeneralPartnershipAndLakemontPartnersInterestMember mrc:LimitedPartnershipMember 2026-06-30 0001550913 mrc:WestsideProfessionalCenterILPMember mrc:GeneralPartnershipInterestMember mrc:LimitedPartnershipMember 2026-06-30 0001550913 mrc:LakemontPartnersLLCMember srt:PartnershipInterestMember us-gaap:LimitedLiabilityCompanyMember 2025-06-30 0001550913 mrc:MartinPlazaAssociatesLPMember mrc:GeneralPartnershipAndLakemontPartnersInterestMember mrc:LimitedPartnershipMember 2025-06-30 0001550913 mrc:WestsideProfessionalCenterILPMember mrc:GeneralPartnershipInterestMember mrc:LimitedPartnershipMember 2025-06-30 0001550913 mrc:TotalOwnershipInterestsMember 2026-06-30 0001550913 mrc:TotalOwnershipInterestsMember 2025-06-30 0001550913 srt:MinimumMember 2026-06-30 0001550913 srt:MaximumMember 2026-06-30 0001550913 srt:MinimumMember 2025-06-30 0001550913 srt:MaximumMember 2025-06-30 0001550913 srt:MinimumMember us-gaap:BuildingMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:BuildingMember 2026-06-30 0001550913 srt:MinimumMember us-gaap:BuildingImprovementsMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:BuildingImprovementsMember 2026-06-30 0001550913 srt:MinimumMember us-gaap:LandImprovementsMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:LandImprovementsMember 2026-06-30 0001550913 srt:MinimumMember mrc:FurnitureFixturesAndEquipmentMember 2026-06-30 0001550913 srt:MaximumMember mrc:FurnitureFixturesAndEquipmentMember 2026-06-30 0001550913 srt:MinimumMember us-gaap:LeasesAcquiredInPlaceMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:LeasesAcquiredInPlaceMember 2026-06-30 0001550913 mrc:CommodoreApartmentBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:TheParkViewApartmentsMember 2025-07-01 2026-06-30 0001550913 mrc:HollywoodPropertyMember 2025-07-01 2026-06-30 0001550913 mrc:ShorelineApartmentsBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:CommodoreApartmentBuildingMember 2026-06-30 0001550913 mrc:TheParkViewApartmentsMember 2026-06-30 0001550913 mrc:HollywoodPropertyMember 2026-06-30 0001550913 mrc:ShorelineApartmentsBuildingMember 2026-06-30 0001550913 mrc:SatellitePlaceBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:MainOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:WoodlandCorporateCenterMember 2025-07-01 2026-06-30 0001550913 mrc:SatellitePlaceBuildingMember 2026-06-30 0001550913 mrc:MainOfficeBuildingMember 2026-06-30 0001550913 mrc:FirstMainOfficeBuildingMember 2026-06-30 0001550913 mrc:WoodlandCorporateCenterMember 2026-06-30 0001550913 mrc:MainStreetWestOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:Two20CampusLaneOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestOfficeBuildingMember 2026-06-30 0001550913 mrc:Two20CampusLaneOfficeBuildingMember 2026-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember 2026-06-30 0001550913 mrc:OneHarborCenterMember 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterMember 2025-07-01 2026-06-30 0001550913 mrc:AuroraAtGreenValleyMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterMember 2026-06-30 0001550913 mrc:AuroraAtGreenValleyMember 2026-06-30 0001550913 mrc:AboveMarketLeaseAssetsMember 2026-06-30 0001550913 mrc:BelowMarketLeaseLiabilitiesMember 2026-06-30 0001550913 mrc:AboveMarketLeaseAssetsMember 2025-07-01 2026-06-30 0001550913 mrc:BelowMarketLeaseLiabilitiesMember 2025-07-01 2026-06-30 0001550913 mrc:AboveMarketLeaseAssetsMember 2025-06-30 0001550913 mrc:BelowMarketLeaseLiabilitiesMember 2025-06-30 0001550913 mrc:AboveMarketLeaseAssetsMember 2024-07-01 2025-06-30 0001550913 mrc:BelowMarketLeaseLiabilitiesMember 2024-07-01 2025-06-30 0001550913 us-gaap:LeasesAcquiredInPlaceMember 2026-06-30 0001550913 mrc:IncludedInRevenueFromTenantsMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member 2025-07-01 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member 2024-07-01 2025-06-30 0001550913 mrc:NonTradedCompaniesIncludingNonTradedCompanyFairValueOptionMember 2026-06-30 0001550913 mrc:NonTradedCompaniesIncludingNonTradedCompanyFairValueOptionMember 2025-06-30 0001550913 mrc:GeneralPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 mrc:GeneralPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 mrc:LimitedPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 mrc:LimitedPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 mrc:NonTradedCompaniesMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:NonTradedCompaniesMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:NonTradedCompaniesMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:NonTradedCompaniesMember 2026-06-30 0001550913 mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2026-06-30 0001550913 mrc:LimitedPartnershipInterestMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:LimitedPartnershipInterestMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:LimitedPartnershipInterestMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel1Member 2026-06-30 0001550913 us-gaap:FairValueInputsLevel2Member 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member 2026-06-30 0001550913 mrc:NonTradedCompaniesMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:NonTradedCompaniesMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:NonTradedCompaniesMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:NonTradedCompaniesMember 2025-06-30 0001550913 mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestIncludingGeneralPartnershipInterestFairValueOptionMember 2025-06-30 0001550913 mrc:LimitedPartnershipInterestMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel1Member mrc:LimitedPartnershipInterestMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel2Member mrc:LimitedPartnershipInterestMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel1Member 2025-06-30 0001550913 us-gaap:FairValueInputsLevel2Member 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member 2024-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:NonTradedCompaniesIncludingNonTradedCompanyFairValueOptionMember us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:CostApproachValuationTechniqueMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputCapRateMember us-gaap:CostApproachValuationTechniqueMember 2026-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputCapRateMember us-gaap:CostApproachValuationTechniqueMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:CostApproachValuationTechniqueMember 2026-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:CostApproachValuationTechniqueMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:NonTradedCompaniesIncludingNonTradedCompanyFairValueOptionMember us-gaap:MarketApproachValuationTechniqueMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:MinimumMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputCapRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:MaximumMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputCapRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputCapRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:MinimumMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:MaximumMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:GeneralPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:CostApproachValuationTechniqueMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-06-30 0001550913 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-06-30 0001550913 us-gaap:FairValueInputsLevel3Member mrc:LimitedPartnershipInterestMember us-gaap:ValuationTechniqueConsensusPricingModelMember 2025-06-30 0001550913 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember mrc:WoodlandCorporateCenterMember 2025-07-01 2026-06-30 0001550913 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember mrc:WoodlandCorporateCenterMember 2024-07-01 2025-06-30 0001550913 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember mrc:WoodlandCorporateCenterMember 2026-06-30 0001550913 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember mrc:WoodlandCorporateCenterMember 2025-06-30 0001550913 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2026-06-30 0001550913 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2025-06-30 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2026-04-01 2026-06-30 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2026-04-01 2026-06-30 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2026-04-01 2026-06-30 0001550913 srt:MinimumMember mrc:AnnualAssetManagementFee15PercentMember 2026-04-01 2026-06-30 0001550913 mrc:AmendedAndRestatedInvestmentAdvisoryAgreementMember us-gaap:InvestmentAdviceMember 2025-07-01 2026-06-30 0001550913 us-gaap:ManagementServiceMember 2025-07-01 2026-06-30 0001550913 mrc:WisemanCompanyManagementLLCMember 2026-06-30 0001550913 us-gaap:ManagementServiceMember 2024-07-01 2025-06-30 0001550913 mrc:WisemanCompanyManagementLLCMember 2025-06-30 0001550913 srt:MinimumMember us-gaap:InvestmentAdviceMember 2026-06-30 0001550913 us-gaap:InvestmentAdviceMember 2025-07-01 2026-06-30 0001550913 srt:ParentCompanyMember 2025-07-01 2026-06-30 0001550913 srt:ParentCompanyMember 2024-07-01 2025-06-30 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2025-07-01 2025-09-30 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2025-07-01 2025-09-30 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2025-07-01 2025-09-30 0001550913 2025-07-01 2025-09-30 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2025-10-01 2025-12-31 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2025-10-01 2025-12-31 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2025-10-01 2025-12-31 0001550913 2025-10-01 2025-12-31 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2024-07-01 2024-09-30 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2024-07-01 2024-09-30 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2024-07-01 2024-09-30 0001550913 2024-07-01 2024-09-30 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2024-10-01 2024-12-31 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2024-10-01 2024-12-31 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2024-10-01 2024-12-31 0001550913 2024-10-01 2024-12-31 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2025-01-01 2025-03-31 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2025-01-01 2025-03-31 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2025-01-01 2025-03-31 0001550913 2025-01-01 2025-03-31 0001550913 mrc:AnnualAssetManagementFee3PercentMember 2025-04-01 2025-06-30 0001550913 mrc:AnnualAssetManagementFee2PercentMember 2025-04-01 2025-06-30 0001550913 mrc:AnnualAssetManagementFee15PercentMember 2025-04-01 2025-06-30 0001550913 2025-04-01 2025-06-30 0001550913 us-gaap:LineOfCreditMember 2026-06-30 0001550913 us-gaap:LineOfCreditMember 2025-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember 2021-02-26 2021-02-26 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember 2021-02-26 2021-02-26 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember 2021-02-26 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember 2021-02-26 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember 2025-07-01 2026-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember 2025-07-01 2026-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember mrc:StatisticalReleaseH15Member 2025-07-01 2026-06-30 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember mrc:StatisticalReleaseH15Member 2025-07-01 2026-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember 2026-06-30 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember 2026-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember mrc:FirstRepublicBankMember 2025-06-30 0001550913 mrc:PVTMadisonPartnersLLCMember mrc:FirstRepublicBankMember 2025-06-30 0001550913 mrc:PTHillviewMember mrc:LadderCapitalFinanceMember 2021-10-04 0001550913 mrc:PTHillviewMember mrc:LadderCapitalFinanceMember mrc:LondonInterbankOfferedRateMember 2021-10-04 2021-10-04 0001550913 mrc:PTHillviewMember mrc:LadderCapitalFinanceMember 2025-07-01 2026-06-30 0001550913 mrc:PTHillviewMember 2025-07-01 2026-06-30 0001550913 mrc:PTHillviewMember mrc:LadderCapitalFinanceMember 2024-10-03 0001550913 mrc:PTHillviewMember mrc:WellsFargoBankMember 2025-03-28 0001550913 mrc:PTHillviewMember mrc:LadderCapitalFinanceMember 2025-03-28 2025-03-28 0001550913 mrc:PTHillviewMember mrc:WellsFargoBankMember 2025-07-01 2026-06-30 0001550913 mrc:PTHillviewMember mrc:WellsFargoBankMember 2026-06-30 0001550913 mrc:PTHillviewMember 2026-06-30 0001550913 mrc:PacificPremierBankMember 2021-05-06 0001550913 mrc:PacificPremierBankMember 2025-07-01 2026-06-30 0001550913 mrc:PacificPremierBankMember 2021-05-06 2021-05-06 0001550913 mrc:PacificPremierBankMember 2026-06-30 0001550913 mrc:PacificPremierBankMember 2025-06-30 0001550913 mrc:FirstMainLPMember mrc:ExchangeBankOfSantaRosaMember 2021-01-04 0001550913 mrc:FirstMainLPMember mrc:ExchangeBankOfSantaRosaMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:MeriwestCreditUnionMember 2026-04-06 0001550913 mrc:FirstMainLPMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:MeriwestCreditUnionMember 2026-04-06 2026-04-06 0001550913 mrc:FirstMainLPMember mrc:ExchangeBankOfSantaRosaMember 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:ExchangeBankOfSantaRosaMember 2025-06-30 0001550913 mrc:FirstMainLPMember us-gaap:JuniorSubordinatedDebtMember 2022-07-23 0001550913 mrc:FirstMainLPMember us-gaap:JuniorSubordinatedDebtMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember us-gaap:JuniorSubordinatedDebtMember 2023-12-31 0001550913 mrc:FirstMainLPMember us-gaap:JuniorSubordinatedDebtMember 2026-04-08 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateDecember312025Member us-gaap:JuniorSubordinatedDebtMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateDecember312026Member us-gaap:JuniorSubordinatedDebtMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateDecember312025Member us-gaap:JuniorSubordinatedDebtMember 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateDecember312028Member us-gaap:JuniorSubordinatedDebtMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateDecember312028Member us-gaap:JuniorSubordinatedDebtMember 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateMarch312025Member us-gaap:JuniorSubordinatedDebtMember 2024-03-31 0001550913 mrc:FirstMainLPMember mrc:JuniorDebtWithMaturityDateMarch312025Member us-gaap:JuniorSubordinatedDebtMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember 2022-07-23 0001550913 mrc:FirstMainLPMember 2022-07-23 2022-07-23 0001550913 mrc:FirstMainLPMember 2026-06-30 0001550913 mrc:FirstMainLPMember 2025-06-30 0001550913 mrc:FirstMainLPMember mrc:WisemanFamilyTrustMember 2022-07-23 0001550913 mrc:FirstMainLPMember mrc:WisemanFamilyTrustMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainLPMember mrc:WisemanFamilyTrustMember 2022-07-23 2022-07-23 0001550913 mrc:FirstMainLPMember mrc:MeriwestCreditUnionMember 2022-07-23 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:WesternAllianceBankMember 2025-06-30 0001550913 mrc:One300MainLPMember mrc:ValleyStrongCreditUnionMember 2024-11-04 0001550913 mrc:One300MainLPMember mrc:ValleyStrongCreditUnionMember 2025-07-01 2026-06-30 0001550913 mrc:One300MainLPMember mrc:ValleyStrongCreditUnionMember 2024-11-04 2024-11-04 0001550913 mrc:One300MainLPMember mrc:ValleyStrongCreditUnionMember 2026-06-30 0001550913 mrc:One300MainLPMember mrc:ValleyStrongCreditUnionMember 2025-06-30 0001550913 mrc:One300MainLPMember mrc:SmallBusinessAdministrationLoanMember 2022-10-01 0001550913 mrc:One300MainLPMember mrc:SmallBusinessAdministrationLoanMember 2025-07-01 2026-06-30 0001550913 mrc:One300MainLPMember mrc:SmallBusinessAdministrationLoanMember 2022-10-01 2022-10-01 0001550913 mrc:One300MainLPMember mrc:SmallBusinessAdministrationLoanMember 2026-06-30 0001550913 mrc:One300MainLPMember mrc:SmallBusinessAdministrationLoanMember 2025-06-30 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:WesternAllianceBankMember 2022-10-01 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:WesternAllianceBankMember 2025-07-01 2026-06-30 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:SummitBankMember 2024-10-04 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:SummitBankMember 2025-07-01 2026-06-30 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:SummitBankMember 2024-10-04 2024-10-04 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:SummitBankMember 2026-06-30 0001550913 mrc:WoodlandCorporateCenterTwoLPMember mrc:SummitBankMember 2025-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:EverTrustBankMember 2025-06-06 0001550913 mrc:MainStreetWestMortgageMember mrc:EverTrustBankMember 2025-06-06 2025-06-06 0001550913 2025-06-06 2025-06-06 0001550913 mrc:MainStreetWestMortgageMember mrc:EverTrustBankMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:InnovateNapaMember 2025-06-06 2025-06-06 0001550913 mrc:MainStreetWestMortgageMember mrc:InnovateNapaMember 2025-06-06 0001550913 mrc:MainStreetWestMortgageMember mrc:InnovateNapaMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:EverTrustBankMember 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:EverTrustBankMember 2025-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:FirstNorthernBankOfDixonMember 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:FirstNorthernBankOfDixonMember 2025-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:SmallBusinessAdministrationLoanMember 2023-02-01 0001550913 mrc:MainStreetWestMortgageMember mrc:SmallBusinessAdministrationLoanMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:SmallBusinessAdministrationLoanMember 2023-02-01 2023-02-01 0001550913 mrc:MainStreetWestMortgageMember mrc:SmallBusinessAdministrationLoanMember 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember mrc:SmallBusinessAdministrationLoanMember 2025-06-30 0001550913 mrc:Two20CampusLaneLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2023-09-08 2023-09-08 0001550913 mrc:Two20CampusLaneLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2023-09-08 0001550913 mrc:Two20CampusLaneLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2025-07-01 2026-06-30 0001550913 mrc:Two20CampusLaneLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2026-06-30 0001550913 mrc:Two20CampusLaneLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2025-06-30 0001550913 mrc:Two20CampusLaneOfficeBuildingMember mrc:DebtMarkToMarketMember 2023-09-08 2023-09-08 0001550913 mrc:Two20CampusLaneOfficeBuildingMember mrc:DebtMarkToMarketMember 2025-07-01 2026-06-30 0001550913 mrc:Two20CampusLaneOfficeBuildingMember mrc:DebtMarkToMarketMember 2024-07-01 2025-06-30 0001550913 mrc:CampusLaneResidentialLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2023-09-08 2023-09-08 0001550913 mrc:CampusLaneResidentialLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2023-09-08 0001550913 mrc:CampusLaneResidentialLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2025-07-01 2026-06-30 0001550913 mrc:CampusLaneResidentialLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2026-06-30 0001550913 mrc:CampusLaneResidentialLLCMember mrc:NorthernCaliforniaLaborersPensionFundMember 2025-06-30 0001550913 mrc:CampusLaneResidentialLandMember mrc:DebtMarkToMarketMember 2023-09-08 2023-09-08 0001550913 mrc:CampusLaneResidentialLandMember mrc:DebtMarkToMarketMember 2025-07-01 2026-06-30 0001550913 mrc:CampusLaneResidentialLandMember mrc:DebtMarkToMarketMember 2024-07-01 2025-06-30 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember 2024-01-01 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember mrc:UntilOctober12027Member 2024-01-01 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember mrc:ThereafterOctober12027Member 2024-01-01 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember 2025-07-01 2026-06-30 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember 2026-06-30 0001550913 mrc:GVExecutiveCenterLLCMember mrc:ColumbiaStateBankMember 2025-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember mrc:DebtMarkToMarketMember 2024-01-01 2024-01-01 0001550913 mrc:GreenValleyExecutiveCenterMember mrc:DebtMarkToMarketMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember mrc:DebtMarkToMarketMember 2024-07-01 2025-06-30 0001550913 mrc:OneHarborCenterLPMember mrc:TravisCreditUnionMember 2024-05-01 0001550913 mrc:OneHarborCenterLPMember mrc:TravisCreditUnionMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterLPMember mrc:TravisCreditUnionMember 2024-05-01 2024-05-01 0001550913 mrc:OneHarborCenterLPMember mrc:TravisCreditUnionMember 2026-06-30 0001550913 mrc:OneHarborCenterLPMember mrc:TravisCreditUnionMember 2025-06-30 0001550913 mrc:OneHarborCenterMember mrc:DebtMarkToMarketMember 2024-05-01 2024-05-01 0001550913 mrc:OneHarborCenterMember mrc:DebtMarkToMarketMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterMember mrc:DebtMarkToMarketMember 2024-07-01 2025-06-30 0001550913 mrc:OneHarborCenterMember mrc:SmallBusinessAdministrationLoanMember 2024-05-01 0001550913 mrc:OneHarborCenterMember mrc:SmallBusinessAdministrationLoanMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterMember mrc:SmallBusinessAdministrationLoanMember 2024-05-01 2024-05-01 0001550913 mrc:OneHarborCenterMember mrc:SmallBusinessAdministrationLoanMember 2026-06-30 0001550913 mrc:OneHarborCenterMember mrc:SmallBusinessAdministrationLoanMember 2025-06-30 0001550913 mrc:MRCAuroraConstructionLoanMember mrc:ValleyStrongCreditUnionMember 2024-02-21 0001550913 mrc:MRCAuroraConstructionLoanMember mrc:ValleyStrongCreditUnionMember 2024-02-21 2024-02-21 0001550913 mrc:MRCAuroraConstructionLoanMember mrc:ValleyStrongCreditUnionMember 2025-07-01 2026-06-30 0001550913 mrc:MRCAuroraConstructionLoanMember mrc:ValleyStrongCreditUnionMember 2026-06-30 0001550913 mrc:MRCAuroraConstructionLoanMember mrc:ValleyStrongCreditUnionMember 2025-06-30 0001550913 mrc:MacKenzieSatelliteMember mrc:SummitBankMember 2024-08-21 2024-08-21 0001550913 mrc:MacKenzieSatelliteMember mrc:SummitBankMember 2024-08-21 0001550913 mrc:MacKenzieSatelliteMember mrc:SummitBankMember 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieSatelliteMember mrc:SummitBankMember 2026-06-30 0001550913 mrc:MacKenzieSatelliteMember mrc:SummitBankMember 2025-06-30 0001550913 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2026-09-27 0001550913 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2026-09-28 0001550913 mrc:GreenValleyMedicalCenterLPMember mrc:ValleyStrongCreditUnionMember 2024-07-15 2024-07-15 0001550913 mrc:GreenValleyMedicalCenterLPMember mrc:ValleyStrongCreditUnionMember 2024-07-15 0001550913 mrc:GreenValleyMedicalCenterLPMember mrc:ValleyStrongCreditUnionMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterLPMember mrc:ValleyStrongCreditUnionMember 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterLPMember mrc:ValleyStrongCreditUnionMember 2025-06-30 0001550913 mrc:GreenValleyMedicalCenterLPMember 2024-08-01 0001550913 mrc:GreenValleyMedicalCenterLPMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterLPMember 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterLPMember 2025-06-30 0001550913 us-gaap:RevolvingCreditFacilityMember 2025-01-22 0001550913 us-gaap:RevolvingCreditFacilityMember 2025-01-22 2025-01-22 0001550913 us-gaap:RevolvingCreditFacilityMember 2025-07-01 2026-06-30 0001550913 us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001550913 us-gaap:RevolvingCreditFacilityMember 2025-06-30 0001550913 us-gaap:RevolvingCreditFacilityMember 2024-07-01 2025-06-30 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2025-06-11 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2025-06-11 2025-06-11 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2025-07-01 2026-06-30 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2025-08-01 2025-08-01 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2025-08-01 0001550913 mrc:SecuredPromissoryNoteAgreementMember 2026-01-15 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2026-03-06 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementMember 2026-03-06 2026-03-06 0001550913 mrc:SecuredPromissoryNoteAgreementMember 2025-06-11 2025-06-11 0001550913 mrc:SecuredPromissoryNoteAgreementTwoMember 2025-08-01 2025-08-01 0001550913 mrc:SecuredPromissoryNoteAgreementThreeMember 2026-01-15 2026-01-15 0001550913 mrc:SecuredPromissoryNoteAgreementFourMember 2026-03-06 2026-03-06 0001550913 mrc:SecuredPromissoryNoteAgreementTwoMember 2026-06-30 0001550913 mrc:SecuredPromissoryNoteAgreementThreeMember 2026-06-30 0001550913 mrc:SecuredPromissoryNoteAgreementFourMember 2026-06-30 0001550913 mrc:SecuredPromissoryNoteAgreementMember 2026-06-30 0001550913 srt:MinimumMember mrc:SecuredPromissoryNoteAgreementMember 2025-06-11 2025-06-11 0001550913 srt:MaximumMember mrc:SecuredPromissoryNoteAgreementMember 2025-06-11 2025-06-11 0001550913 mrc:SecuredPromissoryNoteAgreementMember 2025-06-30 0001550913 mrc:MadisonPVTPartnersLLCMember 2025-07-01 2026-06-30 0001550913 mrc:PVTMadisonPartnersLLCMember 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieBAAIGShorelineLLCMember 2025-07-01 2026-06-30 0001550913 mrc:One300MainLPMember 2025-07-01 2026-06-30 0001550913 mrc:WoodlandCorporateCenterTwoLPMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestMortgageMember 2025-07-01 2026-06-30 0001550913 mrc:GVExecutiveCenterLLCMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterLPMember 2025-07-01 2026-06-30 0001550913 mrc:MacKenzieSatelliteMember 2025-07-01 2026-06-30 0001550913 mrc:StreetvilleCapitalLLCMember 2025-07-01 2026-06-30 0001550913 mrc:StreetvilleCapitalLLCMember 2026-06-30 0001550913 mrc:PreFundedWarrantsMember 2026-06-30 0001550913 mrc:PreFundedWarrantsMember 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:OperatingPartnershipConversionTransactionMember 2026-06-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:OperatingPartnershipConversionTransactionMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2025-07-01 2026-06-30 0001550913 srt:MinimumMember us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2026-06-30 0001550913 srt:MinimumMember us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2026-06-30 0001550913 srt:MaximumMember us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember mrc:SecondOfferingCircularMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember mrc:SecondOfferingCircularMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember mrc:SecondOfferingCircularMember 2025-07-01 2026-06-30 0001550913 us-gaap:PreferredStockMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:CommonStockMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonStockMember mrc:OperatingPartnershipConversionTransactionMember 2025-03-01 2025-03-31 0001550913 us-gaap:CommonStockMember mrc:OperatingPartnershipConversionTransactionMember 2025-03-31 0001550913 us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2025-03-01 2025-03-31 0001550913 srt:MinimumMember us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2025-03-31 0001550913 srt:MaximumMember us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:PreferredSharesConversionTransactionMember 2025-03-31 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember mrc:PreliminaryOfferingCircularMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember mrc:PreliminaryOfferingCircularMember 2024-07-01 2025-06-30 0001550913 us-gaap:PreferredStockMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 mrc:Plan12Member us-gaap:SeriesAPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan12Member us-gaap:SeriesAPreferredStockMember 2026-06-30 0001550913 mrc:Plan13Member us-gaap:SeriesAPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan13Member us-gaap:SeriesAPreferredStockMember 2026-06-30 0001550913 mrc:Plan14Member us-gaap:SeriesAPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan14Member us-gaap:SeriesAPreferredStockMember 2026-06-30 0001550913 mrc:Plan15Member us-gaap:SeriesAPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan15Member us-gaap:SeriesAPreferredStockMember 2026-06-30 0001550913 mrc:Plan16Member us-gaap:SeriesBPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan16Member us-gaap:SeriesBPreferredStockMember 2026-06-30 0001550913 mrc:Plan14Member us-gaap:SeriesBPreferredStockMember 2025-07-01 2026-06-30 0001550913 mrc:Plan14Member us-gaap:SeriesBPreferredStockMember 2026-06-30 0001550913 mrc:Plan3Member us-gaap:SeriesAPreferredStockMember 2024-07-01 2025-06-30 0001550913 mrc:Plan3Member us-gaap:SeriesAPreferredStockMember 2025-06-30 0001550913 us-gaap:CommonStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember us-gaap:CommonStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesAPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesAPreferredStockMember 2026-05-12 0001550913 mrc:O2026Q31DividendsMember us-gaap:SeriesAPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q32DividendsMember us-gaap:SeriesAPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q33DividendsMember us-gaap:SeriesAPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesBPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesBPreferredStockMember 2026-05-12 0001550913 mrc:O2026Q31DividendsMember us-gaap:SeriesBPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q32DividendsMember us-gaap:SeriesBPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q33DividendsMember us-gaap:SeriesBPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q1DividendsMember us-gaap:SeriesBPreferredStockMember mrc:DRIPMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesCPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q3DividendsMember us-gaap:SeriesCPreferredStockMember 2026-05-12 0001550913 mrc:O2026Q31DividendsMember us-gaap:SeriesCPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q32DividendsMember us-gaap:SeriesCPreferredStockMember 2026-05-12 2026-05-12 0001550913 mrc:O2026Q33DividendsMember us-gaap:SeriesCPreferredStockMember 2026-05-12 2026-05-12 0001550913 us-gaap:SeriesAPreferredStockMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember mrc:SeriesAPreferredUnitsMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 mrc:SeriesBPreferredUnitsMember mrc:DRIPMember 2025-07-01 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember us-gaap:CommonStockMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:CommonClassAMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 mrc:SeriesAPreferredUnitsMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember mrc:SeriesAPreferredUnitsMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 mrc:SeriesBPreferredUnitsMember mrc:DRIPMember 2024-07-01 2025-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2025-07-01 2025-09-30 0001550913 us-gaap:SeriesBPreferredStockMember 2025-07-01 2025-09-30 0001550913 us-gaap:SeriesCPreferredStockMember 2025-07-01 2025-09-30 0001550913 mrc:O2026Q1DividendsMember 2025-07-01 2025-09-30 0001550913 us-gaap:SeriesAPreferredStockMember 2025-10-01 2025-12-31 0001550913 us-gaap:SeriesBPreferredStockMember 2025-10-01 2025-12-31 0001550913 us-gaap:SeriesCPreferredStockMember 2025-10-01 2025-12-31 0001550913 mrc:O2026Q2DividendsMember 2025-10-01 2025-12-31 0001550913 2026-01-01 2026-03-31 0001550913 us-gaap:SeriesAPreferredStockMember 2026-01-01 2026-03-31 0001550913 us-gaap:SeriesBPreferredStockMember 2026-01-01 2026-03-31 0001550913 us-gaap:SeriesCPreferredStockMember 2026-01-01 2026-03-31 0001550913 mrc:O2026Q3DividendsMember 2026-01-01 2026-03-31 0001550913 us-gaap:SeriesAPreferredStockMember 2026-04-01 2026-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2026-04-01 2026-06-30 0001550913 us-gaap:SeriesCPreferredStockMember 2026-04-01 2026-06-30 0001550913 mrc:O2026Q4DividendsMember 2026-04-01 2026-06-30 0001550913 mrc:SeriesAPreferredUnitsMember 2025-07-01 2025-09-30 0001550913 mrc:SeriesBPreferredUnitsMember 2025-07-01 2025-09-30 0001550913 mrc:SeriesAPreferredUnitsMember 2025-10-01 2025-12-31 0001550913 mrc:SeriesBPreferredUnitsMember 2025-10-01 2025-12-31 0001550913 mrc:SeriesAPreferredUnitsMember 2026-01-01 2026-03-31 0001550913 mrc:SeriesBPreferredUnitsMember 2026-01-01 2026-03-31 0001550913 mrc:SeriesAPreferredUnitsMember 2026-04-01 2026-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2026-04-01 2026-06-30 0001550913 mrc:SeriesAPreferredUnitsMember 2025-07-01 2026-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2025-07-01 2026-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2026-06-30 0001550913 us-gaap:SeriesAPreferredStockMember 2024-07-01 2024-09-30 0001550913 us-gaap:SeriesBPreferredStockMember 2024-07-01 2024-09-30 0001550913 mrc:O2025Q1DividendsMember 2024-07-01 2024-09-30 0001550913 us-gaap:SeriesAPreferredStockMember 2024-10-01 2024-12-31 0001550913 us-gaap:SeriesBPreferredStockMember 2024-10-01 2024-12-31 0001550913 mrc:O2025Q2DividendsMember 2024-10-01 2024-12-31 0001550913 us-gaap:SeriesAPreferredStockMember 2025-01-01 2025-03-31 0001550913 us-gaap:SeriesBPreferredStockMember 2025-01-01 2025-03-31 0001550913 mrc:O2025Q3DividendsMember 2025-01-01 2025-03-31 0001550913 us-gaap:SeriesAPreferredStockMember 2025-04-01 2025-06-30 0001550913 us-gaap:SeriesBPreferredStockMember 2025-04-01 2025-06-30 0001550913 mrc:O2025Q4DividendsMember 2025-04-01 2025-06-30 0001550913 us-gaap:CommonClassAMember 2024-07-01 2024-09-30 0001550913 mrc:SeriesAPreferredUnitsMember 2024-07-01 2024-09-30 0001550913 mrc:SeriesBPreferredUnitsMember 2024-07-01 2024-09-30 0001550913 us-gaap:CommonClassAMember 2024-10-01 2024-12-31 0001550913 mrc:SeriesAPreferredUnitsMember 2024-10-01 2024-12-31 0001550913 mrc:SeriesBPreferredUnitsMember 2024-10-01 2024-12-31 0001550913 us-gaap:CommonClassAMember 2025-01-01 2025-03-31 0001550913 mrc:SeriesAPreferredUnitsMember 2025-01-01 2025-03-31 0001550913 mrc:SeriesBPreferredUnitsMember 2025-01-01 2025-03-31 0001550913 us-gaap:CommonClassAMember 2025-04-01 2025-06-30 0001550913 mrc:SeriesAPreferredUnitsMember 2025-04-01 2025-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2025-04-01 2025-06-30 0001550913 mrc:SeriesAPreferredUnitsMember 2024-07-01 2025-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2024-07-01 2025-06-30 0001550913 mrc:SeriesBPreferredUnitsMember 2025-06-30 0001550913 mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:SecuritiesPurchaseAgreementMember 2025-02-28 0001550913 mrc:PreFundedWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 0001550913 mrc:CommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 0001550913 mrc:SeriesACommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 0001550913 mrc:SeriesBCommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 0001550913 mrc:CommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:PreFundedWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:CommonStockAndPreFundedWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:SeriesACommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:SeriesBCommonStockWarrantsMember mrc:SecuritiesPurchaseAgreementMember 2025-02-28 2025-02-28 0001550913 mrc:SeriesACommonStockWarrantsMember 2026-06-30 0001550913 mrc:SeriesBCommonStockWarrantsMember 2026-06-30 0001550913 mrc:PreFundedWarrantsMember 2025-07-25 2025-07-25 0001550913 mrc:PreFundedWarrantsMember 2025-07-25 0001550913 mrc:SeriesACommonStockWarrantsMember 2025-06-30 0001550913 mrc:SeriesBCommonStockWarrantsMember 2025-06-30 0001550913 mrc:PreFundedWarrantsMember 2025-07-01 2026-06-30 0001550913 mrc:SeriesACommonStockWarrantsMember 2025-07-01 2026-06-30 0001550913 mrc:SeriesBCommonStockWarrantsMember 2025-07-01 2026-06-30 0001550913 country:US us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-07-01 2026-06-30 0001550913 country:US mrc:CommercialSegmentMember 2025-07-01 2026-06-30 0001550913 country:US mrc:CommercialSegmentMember 2024-07-01 2025-06-30 0001550913 country:US mrc:ResidentialSegmentMember 2025-07-01 2026-06-30 0001550913 country:US mrc:ResidentialSegmentMember 2024-07-01 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:CommercialSegmentMember 2025-07-01 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:CommercialSegmentMember 2024-07-01 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:ResidentialSegmentMember 2025-07-01 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:ResidentialSegmentMember 2024-07-01 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2025-07-01 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2024-07-01 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:CommercialSegmentMember 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:CommercialSegmentMember 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:ResidentialSegmentMember 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember mrc:ResidentialSegmentMember 2025-06-30 0001550913 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2026-06-30 0001550913 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2025-06-30 0001550913 mrc:MacKenzieApartmentCommunitiesIncMember 2026-06-30 0001550913 mrc:MACGroupMember 2025-07-01 2026-06-30 0001550913 mrc:MACGroupMember 2026-06-30 0001550913 us-gaap:RelatedPartyMember mrc:MACGroupMember 2026-06-30 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementFiveMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementFiveMember us-gaap:SubsequentEventMember 2026-08-13 2026-08-13 0001550913 mrc:NationalHealthcarePropertiesIncMember us-gaap:CommonStockMember us-gaap:SubsequentEventMember 2026-08-13 2026-08-13 0001550913 mrc:NationalHealthcarePropertiesIncMember us-gaap:CommonStockMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 srt:MinimumMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 srt:MaximumMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 mrc:StreetvilleCapitalLLCMember mrc:CollateralNoteMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 mrc:StreetvilleCapitalLLCMember mrc:CollateralNoteMember us-gaap:SubsequentEventMember 2026-08-13 2026-08-13 0001550913 mrc:CollateralNoteMember mrc:NationalHealthcarePropertiesIncMember us-gaap:SubsequentEventMember 2026-08-13 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementSixMember us-gaap:SubsequentEventMember 2026-08-26 0001550913 mrc:StreetvilleCapitalLLCMember mrc:SecuredPromissoryNoteAgreementSixMember us-gaap:SubsequentEventMember 2026-08-26 2026-08-26 0001550913 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2026-09-28 2026-09-28 0001550913 mrc:CommodoreApartmentMember 2025-07-01 2026-06-30 0001550913 mrc:CommodoreApartmentMember 2026-06-30 0001550913 mrc:TheParkViewApartmentsMember 2025-07-01 2026-06-30 0001550913 mrc:TheParkViewApartmentsMember 2026-06-30 0001550913 mrc:HollywoodApartmentsMember 2025-07-01 2026-06-30 0001550913 mrc:HollywoodApartmentsMember 2026-06-30 0001550913 mrc:ShorelineApartmentsMember 2025-07-01 2026-06-30 0001550913 mrc:ShorelineApartmentsMember 2026-06-30 0001550913 mrc:SatellitePlaceOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:SatellitePlaceOfficeBuildingMember 2026-06-30 0001550913 mrc:AuroraAtGreenValleyMember 2025-07-01 2026-06-30 0001550913 mrc:AuroraAtGreenValleyMember 2026-06-30 0001550913 mrc:FirstMainOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:FirstMainOfficeBuildingMember 2026-06-30 0001550913 mrc:MainOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:MainOfficeBuildingMember 2026-06-30 0001550913 mrc:MainStreetWestOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:MainStreetWestOfficeBuildingMember 2026-06-30 0001550913 mrc:CampusLaneOfficeBuildingMember 2025-07-01 2026-06-30 0001550913 mrc:CampusLaneOfficeBuildingMember 2026-06-30 0001550913 mrc:CampusLaneResidentialLandMember 2025-07-01 2026-06-30 0001550913 mrc:CampusLaneResidentialLandMember 2026-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyExecutiveCenterMember 2026-06-30 0001550913 mrc:OneHarborCenterMember 2025-07-01 2026-06-30 0001550913 mrc:OneHarborCenterMember 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterMember 2025-07-01 2026-06-30 0001550913 mrc:GreenValleyMedicalCenterMember 2026-06-30 0001550913 mrc:WoodlandCorporateCenterMember 2025-07-01 2026-06-30 0001550913 mrc:WoodlandCorporateCenterMember 2026-06-30 iso4217:USD shares iso4217:USD shares pure mrc:Entity mrc:Tenant mrc:Partnerships mrc:Investment mrc:Agreement mrc:PropertyLimitedPartnership mrc:Time utr:sqft mrc:Segment mrc:Property 10-K true 2026-06-30 --06-30 false 000-55006 MACKENZIE REALTY CAPITAL, INC. MD 45-4355424 89 Davis Road, Suite 100 Orinda CA 94563 925 631-9100 Common Stock, $0.0001 par value per share MKZR NASDAQ No No Yes Yes Non-accelerated Filer true false false false false 7209672 2774688 <div style="text-align: justify; color: #000000; font-weight: bold;">Risk Management and Strategy</div><div style="text-align: justify; color: #000000;">As an externally managed company, our day-to-day operations are managed by our Advisers and our executive officers under the oversight of our Board of Directors. As such, we rely on our Advisers’ cybersecurity program, as discussed herein, for assessing, identifying, and managing material risks to our business from cybersecurity threats.</div><div style="color: rgb(0, 0, 0);">Because none of our executive officers or other members of management has specialized cybersecurity expertise, such as prior professional cybersecurity experience, cybersecurity certifications, or advanced degrees in cybersecurity, information security, or a related field, our Advisers have elected to outsource the information technology function to a third-party managed service provider (the “MSP”) that specializes in fully managed information technology services and fully managed cybersecurity. The MSP is responsible for managing all of our Advisers’ hosted services, all of the computer and computer-related hardware and software used by our Advisers to manage our operations, and all onsite and offsite backups. The MSP also provides managed security services designed to prevent cybersecurity threats, to identify and remediate vulnerabilities, to monitor systems, to protect data and systems, to detect potential intrusions and cybersecurity incidents, to quarantine systems should they be compromised, and to recover from business interruptions or other disasters. The MSP follows the NIST Cybersecurity Framework, developed by the National Institute of Standards and Technology of the U.S. Department of Commerce, to measure the maturity of the services it provides to us and its other clients.</div><div style="text-align: justify; color: #000000;">The MSP conducts ongoing cybersecurity training to ensure all employees are aware of cybersecurity risks and performs periodic phishing simulation testing for increased cyber resilience. Annually, the MSP conducts penetration testing to assess cybersecurity measures and to review the information security control environment and operating effectiveness. In addition, our Advisers evaluate key third-party service providers before granting the service provider access to its information systems and have a process in place to ensure that future access is appropriate. Our assessment of risks associated with the use of third-party providers is part of the Advisers’ overall cybersecurity risk management framework. For any software platforms that are hosted by third parties, our Advisers confirm the vendor maintains a System and Organization Controls (“SOC”) report. While we have control, through our contract with the MSP, over our information systems, we do not have control over the information systems of third parties who provide services, and in particular certain property management services, at our commercial and residential real estate properties. Although we confirm third party software platforms maintain a SOC report, we rely on third parties for managing their cybersecurity risk. Our Advisers maintain third-party cyber insurance and upon identification of a significant cyber incident involving the Advisers managed IT environment, our Advisers would notify their cyber insurance carrier.</div><div style="text-align: justify; color: #000000;">As of the date of this annual report, we are not aware of any risks from cybersecurity threats, including as a result of any cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations, or financial condition. However, our business is highly dependent on our ability to collect, use, store and manage organizational and property data. If any of our significant information and data management systems do not operate properly or are disabled, we could suffer a material disruption of our business or managing real estate, liability to tenants, loss of tenant or other sensitive data, regulatory intervention, breach of confidentiality or other contract provisions, or reputational damage. These systems may fail to operate properly or become disabled as a result of events wholly or partially beyond our control, including disruptions of electrical or communications services, natural disasters, political instability, terrorist attacks, sabotage, computer viruses, deliberate attempts to disrupt our computer systems through “hacking”, “phishing”, or other forms of both deliberate or unintentional cyber-attack, or our inability to occupy our office location. As our Advisers have elected to outsource our information technology functions to third-party providers, we bear the risk of having less direct control over the security and performance of those systems.</div> <div style="color: rgb(0, 0, 0);">Because none of our executive officers or other members of management has specialized cybersecurity expertise, such as prior professional cybersecurity experience, cybersecurity certifications, or advanced degrees in cybersecurity, information security, or a related field, our Advisers have elected to outsource the information technology function to a third-party managed service provider (the “MSP”) that specializes in fully managed information technology services and fully managed cybersecurity. The MSP is responsible for managing all of our Advisers’ hosted services, all of the computer and computer-related hardware and software used by our Advisers to manage our operations, and all onsite and offsite backups. The MSP also provides managed security services designed to prevent cybersecurity threats, to identify and remediate vulnerabilities, to monitor systems, to protect data and systems, to detect potential intrusions and cybersecurity incidents, to quarantine systems should they be compromised, and to recover from business interruptions or other disasters. The MSP follows the NIST Cybersecurity Framework, developed by the National Institute of Standards and Technology of the U.S. Department of Commerce, to measure the maturity of the services it provides to us and its other clients.</div><div style="text-align: justify; color: #000000;">The MSP conducts ongoing cybersecurity training to ensure all employees are aware of cybersecurity risks and performs periodic phishing simulation testing for increased cyber resilience. Annually, the MSP conducts penetration testing to assess cybersecurity measures and to review the information security control environment and operating effectiveness. In addition, our Advisers evaluate key third-party service providers before granting the service provider access to its information systems and have a process in place to ensure that future access is appropriate. Our assessment of risks associated with the use of third-party providers is part of the Advisers’ overall cybersecurity risk management framework. For any software platforms that are hosted by third parties, our Advisers confirm the vendor maintains a System and Organization Controls (“SOC”) report. While we have control, through our contract with the MSP, over our information systems, we do not have control over the information systems of third parties who provide services, and in particular certain property management services, at our commercial and residential real estate properties. Although we confirm third party software platforms maintain a SOC report, we rely on third parties for managing their cybersecurity risk. Our Advisers maintain third-party cyber insurance and upon identification of a significant cyber incident involving the Advisers managed IT environment, our Advisers would notify their cyber insurance carrier.</div> true true true <div style="text-align: justify; color: #000000;">As of the date of this annual report, we are not aware of any risks from cybersecurity threats, including as a result of any cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations, or financial condition. However, our business is highly dependent on our ability to collect, use, store and manage organizational and property data. If any of our significant information and data management systems do not operate properly or are disabled, we could suffer a material disruption of our business or managing real estate, liability to tenants, loss of tenant or other sensitive data, regulatory intervention, breach of confidentiality or other contract provisions, or reputational damage. These systems may fail to operate properly or become disabled as a result of events wholly or partially beyond our control, including disruptions of electrical or communications services, natural disasters, political instability, terrorist attacks, sabotage, computer viruses, deliberate attempts to disrupt our computer systems through “hacking”, “phishing”, or other forms of both deliberate or unintentional cyber-attack, or our inability to occupy our office location. As our Advisers have elected to outsource our information technology functions to third-party providers, we bear the risk of having less direct control over the security and performance of those systems.</div> true <div style="color: #000000; font-weight: bold;">Governance</div><div style="text-align: justify; color: #000000;">As part of its responsibilities pursuant to our corporate governance guidelines, our Board of Directors oversees our policies with respect to risk assessment and risk management, including with respect to cybersecurity risks. The Board of Directors administers its risk oversight function by receiving regular reports from our executive officers on areas of material risk to us, which reports include updates regarding cybersecurity incidents or other developments.</div><div style="color: #000000;">None of our executive officers or other members of management have specialized cybersecurity expertise, such as prior professional cybersecurity experience, cybersecurity certifications, or advanced degrees in cybersecurity, information security, or a related field. Instead, as discussed above, we engaged the MSP, which specializes in fully managed information technology and cybersecurity services, to supply that expertise, and we rely on the knowledge and capabilities of the MSP with respect to identifying, assessing, monitoring, and managing cybersecurity risks and supporting our information technology network. The MSP reports periodically to our management team, including our Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer, on the status of our information technology environment and any identified cybersecurity threats, vulnerabilities, or incidents. Our Chief Operating Officer, working with the MSP, oversees our day-to-day cybersecurity risk management, including reviewing mitigation strategies and controls recommended by the MSP and coordinating our response to any cybersecurity incident.</div> As part of its responsibilities pursuant to our corporate governance guidelines, our Board of Directors oversees our policies with respect to risk assessment and risk management, including with respect to cybersecurity risks. The Board of Directors administers its risk oversight function by receiving regular reports from our executive officers on areas of material risk to us, which reports include updates regarding cybersecurity incidents or other developments. Instead, as discussed above, we engaged the MSP, which specializes in fully managed information technology and cybersecurity services, to supply that expertise, and we rely on the knowledge and capabilities of the MSP with respect to identifying, assessing, monitoring, and managing cybersecurity risks and supporting our information technology network. The MSP reports periodically to our management team, including our Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer, on the status of our information technology environment and any identified cybersecurity threats, vulnerabilities, or incidents. Our Chief Operating Officer, working with the MSP, oversees our day-to-day cybersecurity risk management, including reviewing mitigation strategies and controls recommended by the MSP and coordinating our response to any cybersecurity incident. The MSP reports periodically to our management team, including our Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer, on the status of our information technology environment and any identified cybersecurity threats, vulnerabilities, or incidents. true Our Chief Operating Officer, working with the MSP, oversees our day-to-day cybersecurity risk management, including reviewing mitigation strategies and controls recommended by the MSP and coordinating our response to any cybersecurity incident. true false false false false true 23 Baker Tilly US, LLP San Francisco, California 42566256 42566256 189054883 182879586 10931578 11686822 29864947 24358852 212687770 212773812 3517313 3627360 202886 328239 2550146 1749528 2347147 2125451 2871934 2227630 856097 1184801 10256507 11975357 235289800 235992178 131867757 120417074 10000000 9449389 3863717 2567118 1490021 1513283 1672528 1898005 734333 715498 3363535 4514142 221007 530474 2197623 167764 13411 652274 664577 156062795 142450735 0.0001 0.0001 80000000 80000000 2512270 2512270 1578192.98 1578192.98 251 158 0.0001 0.0001 20000000 20000000 733447.24 733447.24 766176.57 766176.57 73 77 124627.52 124627.52 116112.32 116112.32 12 12 54707.09 54707.09 5 0 148073839 145050643 -104298175 -85192267 43776005 59858623 35451000 33682820 79227005 93541443 235289800 235992178 20007414 22059843 9917547 8524581 9141627 11432557 8082227 7386050 3389022 3449487 26876 0 1442986 2583047 893098 1820775 881000 669855 159000 149223 0 6145 1687783 0 0 -9500167 35621166 45521887 -15613752 -23462044 242478 74837 1055 0 790405 49407 430012 -764911 24302 132434 -14127610 -23970277 3413377 1945403 1564921 1421200 -19105908 -27336880 -9.54 -9.54 -18.66 -18.66 2002030 2002030 1465095 1465095 1578192.98 158 766176.57 77 116112.32 12 0 0 145050643 -85192267 59858623 33682820 93541443 0 0 0 0 0 0 0 -1736476 -1736476 0 0 0 0 0 1117555 1117555 0 1117555 0 0 0 0 0 364775 364775 0 364775 0 0 0 0 0 82591 82591 0 82591 0 0 0 0 0 -17540987 -17540987 3413377 -14127610 48352 5 0 0 0 118077 0 118082 -118082 0 665111 67 -92836.06 -9 0 -58 0 0 0 0 36969 3 -6067.1 -1 0 -2 0 0 0 0 129226.5 13 0 0 0 116 0 129 0 129 54768.3 5 0 0 0 316987 0 316992 0 316992 0 8329.62 0 187418 0 187418 0 187418 0 1142.15 0 25697 0 25697 0 25697 0 67.09 0 1508 0 1508 0 1508 0 51777.11 5 1164980 0 1164985 0 1164985 0 13440.15 1 332487 0 332488 0 332488 0 54640 5 1365995 0 1366000 0 1366000 0 0 0 0 273582 0 273582 0 273582 0 0 0 0 0 0 0 112134 112134 0 0 0 0 0 0 0 97227 97227 0 0 0 0 -761706 0 -761706 0 -761706 349.78 0 0 0 0 1784 0 1784 0 1784 0 0 0 0 0 -88 0 -88 0 -88 0 0 0 0 0 -13 0 -13 0 -13 2512270 251 733447.24 73 124627.52 12 54707.09 5 148073839 -104298175 43776005 35451000 79227005 1330257.3 133 761370.46 76 49564.56 5 137073480 -54715347 82358347 25590745 107949092 0 0 0 0 0 0 5574804 5574804 0 0 0 0 0 0 -1735944 -1735944 0 0 0 0 3140040 3140040 0 3140040 0 0 0 0 1148019 1148019 0 1148019 0 0 0 0 273181 273181 0 273181 0 0 0 0 -25915680 -25915680 1945403 -23970277 32.18 0 0 0 3301 0 3301 -3301 0 15668.1 2 -12805.38 -1 0 -1 0 0 0 0 210351.7 21 0 0 3794239 0 3794260 0 3794260 0 0 0 1935455 0 1935455 0 1935455 0 0 0 376268 0 376268 0 376268 0 0 0 223409 0 223409 0 223409 21883.7 2 0 0 665498 0 665500 0 665500 0 8567.49 1 192769 0 192770 0 192770 0 644.6 0 14503 0 14503 0 14503 0 9044 1 226099 0 226100 0 226100 0 65903.16 7 1647572 0 1647579 0 1647579 0 0 0 204889 0 204889 0 204889 0 0 0 0 0 0 2712194 2712194 0 0 0 0 0 0 98968 98968 0 0 0 0 0 0 97229 97229 0 0 0 -1301283 0 -1301283 -597278 -1898561 0 0 0 24 0 24 0 24 0 0 0 0 -5531 0 -5531 0 -5531 1578192.98 158 766176.57 77 116112.32 12 145050643 -85192267 59858623 33682820 93541443 -14127610 -23970277 790405 49407 421696 -767066 24302 132434 1687783 0 0 -9500167 205958 154952 9141627 11432557 -1367580 -1377272 -161645 -544103 37363 628137 514243 890103 -137361 -125104 -13123 50398 -1092443 144376 1670483 26097 -3309228 -1690102 3709739 962721 9149758 18899433 3695650 1183597 -9135669 -19120309 22803277 48477670 11662553 48876780 412000 9588000 3625438 1115000 2047342 223898 918460 2321155 0 4802866 943328 952669 63393 40449 51060 0 1164985 226100 332488 1647579 1366000 0 317121 3794260 0 1935455 0 376268 0 223409 274028 234109 381324 1876917 0 5574804 1527214 1491165 1784 24 88 5531 13 0 13411 283589 12137311 11849393 -307586 -8961018 4116321 13077339 3808735 4116321 3517313 3627360 202886 328239 88536 160722 3808735 4116321 187418 192770 25697 14503 1508 0 273582 204889 112134 98968 7990528 7203282 97227 97229 2301515 318161 151462 0 0.09 0.09 8804 0 118082 0 294042 0 0 1912673 0 2712194 0 13621753 0 8904457 0 665500 0 3301 0 200000 <div style="text-align: justify; color: #000000; font-weight: bold;">NOTE 1 – PRINCIPAL BUSINESS AND ORGANIZATION</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">MacKenzie Realty Capital, Inc. (the “Parent Company” together with its subsidiaries as discussed below, collectively, the “Company,” “we,” “us,” or “our”) was incorporated under the general corporation laws of the State of Maryland on January 27, 2012. We have elected to be treated as a real estate investment trust (“REIT”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). We are authorized to issue 100,000,000 shares, of which (i) 80,000,000 are designated as common stock, with a $0.0001 par value per share; and (ii) 20,000,000 are designated as preferred stock, with a $0.0001 par value per share. We commenced our operations on February 28, 2013, and our fiscal year-end is June 30.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We are registered under Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), and we will continue to file periodic reports on Form 10-K, Form 10-Q, and Form 8-K, as well as file proxy statements and other reports required under the Exchange Act.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We filed our initial registration statement with the Securities and Exchange Commission (“SEC”) in 2012 and have since completed multiple public offerings of our common stock. On November 6, 2024, The Nasdaq Stock Market (“Nasdaq”) approved the listing of our common stock, and trading commenced on the Nasdaq Capital Market on November 11, 2024.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">We are externally managed by MacKenzie Capital Management, LP (“MacKenzie”) under a turnkey administration agreement dated and effective as of January 1, 2021 (the “Administration Agreement”). MCM Advisers, LP (the “Investment Adviser”), an affiliate of MacKenzie, advises us in our assessment, acquisition, and divestiture of securities under the advisory agreement amended and restated effective January 1, 2021 (the “Amended and Restated Investment Advisory Agreement”). Another affiliate of MacKenzie, MacKenzie Real Estate Advisers, LP (the “Real Estate Adviser”; together, the “Investment Adviser” and the “Real Estate Adviser” may be referred to as “Adviser” or “Advisers” as appropriate) advises us in our assessment, acquisition, and divestiture of real estate assets </span>under the Advisory Management Agreement, dated January 27, 2021 and as amended on December 29, 2025, effective January 1, 2026 (as amended, the “Advisory Management Agreement”)<span style="color: #000000;">. </span>Under the Advisory Management Agreement, as amended, we pay the Real Estate Adviser (i) a base management fee equal to 1.25% per annum of our gross assets under management (excluding depreciation and amortization), paid monthly, and (ii) a bonus management fee equal to 5% of our adjusted funds from operations for each quarter. The Advisory Management Agreement has a five-year term that renews automatically on each January 1 unless we deliver a timely non-renewal notice, and requires us to pay a substantial early termination fee if we terminate the agreement other than for cause. See Note 8 to the consolidated financial statements included in this report for additional information about the terms of these arrangements and the fees paid to our Advisers<span style="color: #000000;">. We pursue a strategy focused on investing primarily in real estate assets, and to a lesser extent (intended to be less than 20% of our portfolio) in illiquid or non-traded debt and equity securities issued by U.S. companies generally owning commercial real estate. These companies are likely to be non-traded REITs, small-capitalization publicly traded REITs, public and private real estate limited partnerships, and limited liability companies.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">Prior to January 1, 2026, the Company conducted substantially all of its real estate operations through MacKenzie Realty Operating Partnership, LP (the “Operating Partnership”), which was formed in May 2020. Effective January 1, 2026, the Company reorganized its real estate operations by separating its multi-family residential portfolio from its commercial real estate investments. The Company contributed its multi-family residential properties (Commodore, The Park View, Hollywood and Shoreline Apartments and Aurora at Green Valley) and Blue Ridge at Suisun Valley (“Blue Ridge”) development project to MacKenzie Apartment Communities, Inc. (“MAC”), a newly formed entity, in exchange for 1,906,580 shares of MAC, representing all of the outstanding shares of MAC at the time of the contribution, on a 1:1 basis with the Parent Company’s outstanding shares at the time of the contribution. Blue Ridge is a planned multi-family residential development project located on vacant land adjacent to the Company’s 220 Campus Lane Office Building in Fairfield, California. The project is expected to consist of 84 multi-family residential units, and the entitlement process is ongoing. The Parent Company is the sole shareholder of MAC as of June 30, 2026. On January 8, 2026, the Board of Directors of MAC approved an estimated net asset value of the common stock of MAC equal to <span style="-sec-ix-hidden: hidden-fact-3">$18.10</span> per share for MAC’s common stock. The estimated net asset value solely applies to MAC common stock and does not reflect the net asset value of the Parent Company’s common stock. The contributed properties and development project are held by MAC Operating Partnership, LP (“MAC OP”), of which MAC is the sole general partner and owner of all limited partnership units (except for 1 unit held by the Operating Partnership to ensure there are 2 partners in MAC OP). MAC OP directly or indirectly owns and operates five residential properties and one development project. Following the reorganization, the Company’s commercial real estate investments continued to be held through the Operating Partnership.</div> </div><div style="text-align: justify; color: #000000;"> <div style="color: rgb(0, 0, 0);">As of June 30, 2026, we own all limited partnership units of the Operating Partnership except for 81,909.89 Class A Limited Partnership units, 1,063,239.94 Series A preferred units and 43,212.86 Series B preferred units. Upon a limited partner’s request for redemption or upon liquidation of the Operating Partnership, the 81,909.89 Class A Limited Partnership units are convertible into shares of the Company’s common stock on the basis of 1 share of common stock for every 10 units or, at the Company’s election, for cash based upon the 10-day average trading price of the Company’s common stock, also on the basis of 1 share of common stock for every 10 units (as a result of the Company’s <span style="-sec-ix-hidden: hidden-fact-1">1-for-10</span> common stock reverse stock split (the “Reverse Stock Split”) on August 4, 2025; previously the units were convertible on the basis of 1 share of common stock for every 1 unit). Upon a request of a holder of Series A or Series B preferred units, the Company may elect to repurchase such units with the Company’s common stock based upon the volume weighted average price per share of common stock for the twenty (20) trading days prior to the repurchase date, or at the Company’s election or upon liquidation, the 1,063,239.94 Series A preferred units are entitled to a liquidation preference of $26,580,999 (based on the stated value of $25 per share for the Series A preferred units) and the 43,212.86 Series B preferred units are entitled to a liquidation preference of $1,080,322 (based on the stated value of $25 per share for the Series B preferred units). The Parent Company has contributed net capital of $72,457,055 to the Operating Partnership since inception; thus, the Class A, Series A and Series B preferred units represent approximately 28.23% of all capital contributions.</div> </div> <div style="text-align: justify; color: #000000;"> <br/> </div> <div style="text-align: justify;"><span style="color: #000000;">The consolidated financial statements include the accounts of the Parent Company, the Operating Partnership, MAC, MAC OP, MacKenzie NY Real Estate 2 Corp. (“MacKenzie NY 2”), a taxable REIT subsidiary, and their majority-owned and controlled subsidiaries, including joint ventures and property-owning entities acquired or formed to own, operate, develop, or manage multi-family, office, and mixed-use real estate properties. The consolidated entities include Madison-PVT Partners LLC (“Madison”), PVT-Madison Partners LLC (“PVT”), Hollywood Hillview Owner, LLC (“Hollywood Hillview”), MacKenzie-BAA IG Shoreline LLC (“MacKenzie Shoreline”), MacKenzie Satellite Place Corp. (“MacKenzie Satellite”), MRC Aurora, LLC (“MRC Aurora”), 220 Campus Lane, LLC (“220 Campus Lane”), Campus Lane Residential, LLC (“Campus Lane Residential”), GV Executive Center, LLC (“GVEC”), Innovate Napa, LLC (“Innovate Napa”), MRC QRS, Inc. (“MRC QRS”), and various limited partnerships (each a “Wiseman Partnership”) acquired in connection with the Wiseman transaction, including First &amp; Main, LP (“First &amp; Main”), 1300 Main, LP (“1300 Main”), Woodland Corporate Center Two, LP (“Woodland Corporate Center Two”), Main Street West, LP (“Main Street West”), One Harbor Center, LP (“One Harbor Center”), and Green Valley Medical Center, LP (“Green Valley Medical Center”). Each Wiseman Partnership </span>owns a Class A or B office property in Napa, Fairfield, Suisun, or Woodland, California (the “Wiseman Properties”).<span style="color: #000000;"> Intercompany balances and transactions are eliminated in consolidation.</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">We are conducting a Regulation A offering of our preferred stock pursuant to an offering circular qualified by the SEC on November 21, 2025, (as amended, the “Offering Circular”) which permits the offer and sale of up to $72.90 million of Series A, Series B, and Series C preferred stock, at an offering price of $22.50 per Series A share and $25.00 per Series B or Series C share. Prior Regulation A offerings have been terminated or superseded.</div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In November 2024, we filed a new shelf registration statement on Form S-3 (the “Form S-3 Registration Statement”) to sell our common and preferred stock, warrants, rights and units up to an aggregate of $75 million. The Form S-3 Registration Statement was declared effective by the SEC on January 15, 2025. Also on January 15, 2025, we entered into an Equity Distribution Agreement (the “ATM Sales Agreement”) with Maxim Group LLC (the “Sales Agent” or “Maxim”) pursuant to which we may issue and sell shares of our common stock, covered by the prospectus supplement filed with the SEC on January 15, 2025 and accompanying base prospectus dated January 15, 2025 (together, the “ATM Prospectus”), subject to maintaining compliance with General Instruction I.B.6 of Form S-3 Registration Statement which requires that in no event will we sell securities in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75 million.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">On January 7, 2026, in connection with the at the market offering program (the “ATM Offering”) through which the Company may sell up to $20,000,000 of shares of the Company’s common stock at $0.0001 par value per share, the Company entered into an amendment to the ATM Sales Agreement with Maxim.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In accordance with the terms of the amendment, the ATM Sales Agreement will now terminate upon the earlier of (i) the issuance and sale of all of the common stock subject to the ATM Sales Agreement, (ii) termination of the ATM Sales Agreement by the Company or the Sales Agent with 15 days written notice, or (iii) July 15, 2027.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">On August 26, 2024, the Company entered into a letter agreement with Maxim to provide general financial advisory and investment banking services to the Company in connection with, among other things, strategic planning, potential uplisting to a U.S. exchange (Nasdaq, New York Stock Exchange), and potential rights offering, equity issuance or other mechanisms to enhance corporate and shareholder value. In connection with the agreement, the Company issued to Maxim’s affiliate in a private placement 13,300 shares of common stock, representing approximately 1% of the Company’s outstanding stock. The common stock does not have any conversion rights.</div><div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">On August 4, 2025, the Company effected a <span style="-sec-ix-hidden: hidden-fact-2">1-for-10</span> Reverse Stock Split of its common stock</span>. In connection with the Reverse Stock Split<span style="color: #000000;">, </span>the Company amended its charter to temporarily increase <span style="color: #000000;">the par value </span>of the common stock <span style="color: #000000;">from $0.0001 per share to $0.001 per share</span> and<span style="color: #000000;">, on the same date, </span>further <span style="color: #000000;">amended its charter to </span>restore<span style="color: #000000;"> the par value to $0.0001</span> per share<span style="color: #000000;">. The Reverse Stock Split did not change the number of authorized shares of common stock. Prior to the Reverse Stock Split, the Company had 16,760,978 shares of common stock outstanding. Immediately following the Reverse Stock Split (and after giving effect to the payment of cash in lieu of fractional shares), the Company had 1,675,776</span><span style="font-weight: bold; color: #000000;"> </span><span style="color: #000000;">shares of common stock outstanding. No fractional shares were issued as a result of the Reverse Stock Split. Stockholders entitled to receive a fractional share instead received a cash payment equal to the fraction of a share multiplied by the closing price of the Company’s common stock on The Nasdaq Capital Market on August 1, 2025, as adjusted for the Reverse Stock Split, without interest. All common share and per-share information in the accompanying consolidated financial statements and notes have been retroactively adjusted to reflect the Reverse Stock Split.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">As of June 30, 2026, we have raised approximately $125.76 million from our common stock public offerings (including $4.83 million from our Registered Offering and the concurrent private placement, and $1.83 million from the ATM offering), $19.90 million from our Series A preferred stock offering, $3.72 million from our Series B preferred stock offering and $1.37 million from our Series C preferred stock offering pursuant to the Offering Circular. As of June 30, 2026, we have issued shares of common stock, Series A preferred stock, Series B preferred stock, and Series C preferred stock with gross proceeds of $15.56 million, $0.63 million, $0.04 million, and a minimal worth of shares, respectively, under our dividend reinvestment plans (each a “DRIP” and together the “DRIPs”). Of the total shares issued by us as of June 30, 2026, we have repurchased approximately $14.28 million in shares of common stock, $2.41 million in shares of Series A preferred stock and $0.15 million in shares of Series B preferred stock, respectively, under our share repurchase program. As of June 30, 2026, we have 2,512,270 shares of common stock, 733,447.24 shares of Series A preferred stock, 124,627.52 shares of Series B preferred stock, and 54,707.09 shares of Series C preferred stock outstanding.</div> </div> 100000000 80000000 0.0001 20000000 0.0001 0.0125 0.05 P5Y 0.20 1906580 0.01 81909.89 1063239.94 43212.86 81909.89 1 10 P10D 1 10 1 P20D 1063239.94 26580999 25 43212.86 1080322 25 72457055 0.2823 0.2823 0.2823 0.2823 72900000 22.5 25 25 25 75000000 75000000 20000000 0.0001 P15D 2027-07-15 13300 0.01 0.0001 0.001 0.0001 16760978 1675776 125760000 4830000 1830000 19900000 3720000 1370000 15560000 630000 40000.00 14280000 2410000 150000 2512270 733447.24 124627.52 54707.09 <div style="text-align: justify; color: #000000; font-weight: bold;">NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Basis of Presentation and Consolidation Policy</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The accompanying consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-K and Regulation S-X. We follow the accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of our wholly owned consolidated subsidiaries and majority-owned controlled subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The assets and liabilities of each of the consolidated subsidiaries are separate from those of the Parent Company and the Operating Partnership. Consequently, the assets of the consolidated subsidiaries are not available to settle the obligations of the Parent Company or the Operating Partnership, and the obligations of the subsidiaries do not constitute obligations of the Parent Company or the Operating Partnership.</div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000;">Certain prior period information has been reclassified to conform to the current year-end presentation. The reclassification has no effect on our consolidated balance sheet or the consolidated statement of operations as previously reported.</div> </div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000; font-style: italic;">Use of Estimates</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The preparation of consolidated financial statements requires management to make estimates and assumptions that affect reported asset values, liabilities, revenues, expenses and unrealized gains (losses) on investments during the reporting period. Material estimates are susceptible to change, and actual results could differ from those estimates.</div> </div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000; font-style: italic;">Variable Interest Entities</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We evaluate the need to consolidate our investments in securities in accordance with Accounting Standards Codification (“ASC”) 810. In determining whether we have a controlling interest in a variable interest entity and whether to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the partners, as well as whether the entity is a variable interest entity for which we are the primary beneficiary. Refer to Note 7 for additional information.</div> <div style="text-align: justify; color: #000000;"> <br/> </div> </div><div style="color: #000000; font-style: italic;">Cash, Cash Equivalents and Restricted Cash</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Our cash and cash equivalents represent current bank accounts and other bank deposits free of encumbrances and having maturity dates of three months or less from the respective dates of deposit. We limit cash investments to financial institutions with high credit standing; therefore, we believe our cash investments are not exposed to any significant credit risk. The restricted cash includes escrow accounts for real property taxes, insurance, capital expenditures and tenant improvements, and debt service and leasing costs held by lenders. These balances are insured by the Federal Deposit Insurance Corporation up to certain limits. Often, the cash balances held in financial institutions by us may exceed these insured limits.</div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000;">Restricted cash is subject to legal or contractual restrictions as to withdrawal or use, including restrictions that require the funds to be used for a specified purpose and restrictions that limit the purpose for which the funds can be used.</div> </div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Investment Income Receivable</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Investment income receivable represents dividends, distributions, and sales proceeds recognized in accordance with our revenue recognition policy but not yet received as of the date of the consolidated financial statements. We monitor and adjust our receivables, and those deemed to be uncollectible are written-off only after all reasonable collection efforts are exhausted. We believe, based on the credit worthiness of the obligors, that all investment income receivable balances outstanding as of June 30, 2026 and 2025, are collectible and do not require recording any uncollectible allowance.</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Rental, Reimbursement and Other Property Income</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We generate rental revenue by leasing office space and apartment units to a building’s tenants. These tenant leases fall under the scope of ASC Topic 842 and are classified as operating leases. Revenues from such leases are recognized on a straight-line basis over the terms of the lease agreements.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Rents and Other Receivables</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We will periodically evaluate the collectability of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. We exercise judgment in establishing these allowances and consider payment history and current credit status of tenants in developing these estimates. As of</div> <div style="text-align: justify; color: #000000;">June 30, 2026 and 2025, we recognized an allowance for doubtful accounts of $145,740 and $259,590, respectively.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Capital Pending Acceptance</div> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">We conduct closings for new issuance of our Series A, Series B and Series C preferred stock and MRC Aurora preferred units twice per month and admit new stockholders effective beginning the first day of each month. Subscriptions are effective only upon our acceptance. Any gross proceeds received from subscriptions which are not accepted as of the period-end are classified as capital pending acceptance in the consolidated balance sheets. We close our common stock ATM sales on a daily basis.</span> As of June 30, 2026, no capital pending acceptance related to our Series A, Series B and Series C preferred stock was recognized. As of June 30, 2025, capital pending acceptance related to our Series A and Series B preferred stock was $13,411.</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Organization and Offering Costs</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Organization costs include, among other things, the cost of legal services pertaining to the organization and incorporation of the business, incorporation fees, and audit fees relating to the public offerings and the initial statement of assets and liabilities. These costs are expensed as incurred. Offering costs include, among other things, legal fees and other costs pertaining to the preparation of the registration statements and pre and post-effective amendments. Offering costs incurred in connection with our offering circulars to sell the Series A, Series B and Series C preferred stock are classified as a reduction of equity.</div><div style="text-align: justify; color: #000000; font-style: italic;">Income Taxes and Deferred Tax Liability</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The Parent Company has elected to be treated as a REIT for tax purposes under the Code and as a REIT, is not subject to federal income taxes on amounts that it distributes to the stockholders, provided that, on an annual basis, it generally distributes at least 90% of its REIT taxable income (determined without regard to the dividends paid deduction and excluding any net capital gain) to the stockholders and meets certain other conditions. To the extent it satisfies the annual distribution requirement but distributes less than 100% of its REIT taxable income, it will be subject to U.S. federal corporate income tax on its undistributed taxable income. In addition, it will be subject to a 4% nondeductible excise tax if the actual amount that it pays to its stockholders in a calendar year is less than a minimum amount specified under U.S. federal tax laws.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">The Parent Company satisfied the annual dividend payment and other REIT requirements for the tax year ended December 31, 2025. Therefore, it did not incur any tax expense or excise tax on its income from operations during the quarterly periods within the tax year 2025 Although the Board of Directors suspended the Company’s regular quarterly common stock dividend effective May 19, 2025, based on the Company’s current estimates, any REIT taxable income for the tax year 2026, if any, is expected to be fully covered by the dividends-paid deduction, including dividends paid on its preferred stock. Accordingly, the Parent Company did not record any provision for federal income taxes during the fiscal periods within the tax year 2026.</div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;">MacKenzie NY 2 is subject to corporate federal and state income tax on its taxable income at regular statutory rates. As of June 30, 2026, it did not have any taxable income for tax years 2025 and 2026. Therefore, we did not record any tax provisions during any fiscal periods within the tax years 2025 and 2026. MacKenzie Satellite, MRC QRS and MAC are qualified REIT subsidiaries of the Parent Company. Therefore, they do not file a separate tax return. </div> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">The Operating Partnership is a limited partnership. </span>220 Campus Lane, GVEC and Innovate Napa <span style="color: #000000;">are limited liability companies. First &amp; Main, 1300 Main, Woodland Corporate Center Two, Main Street West, One Harbor Center, LP and Green Valley Medical Center, LP are limited partnerships. Accordingly, all income tax liabilities of these entities ultimately flow through to the Company, with the exception of minority membership interests. Therefore, no income tax provisions are recorded for these entities.</span></div> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">MAC OP is a limited partnership. Hollywood Hillview, MacKenzie Shoreline, Madison, PVT, </span>Campus Lane Residential and MRC Aurora <span style="color: #000000;">are limited liability companies. Accordingly, all income tax liabilities of these entities ultimately flow through to the Company, with the exception of minority membership interests. Therefore, no income tax provisions are recorded for these entities.</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We follow ASC 740, Income Taxes (“ASC 740”), to account for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the future tax liabilities attributable to the net unrealized investment gain (losses) on existing investments. In estimating future tax consequences, we consider all future events, other than enactments of changes in tax laws or rates. The effect on deferred tax assets and liabilities of a change in tax rates will be recognized as income or expense in the period of enactment. In addition, ASC 740 provides guidance for recognizing, measuring, presenting, and disclosing uncertain tax positions in the financial statements. As of June 30, 2026 and 2025, there were no uncertain tax positions. Management’s determinations regarding ASC 740 are subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Subsequent Events</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Subsequent events are events or transactions that occur after the date of the consolidated balance sheets but before the date the consolidated financial statements are issued. Subsequent events that provide additional evidence about conditions that existed at the date of the consolidated balance sheets are considered in the preparation of the consolidated financial statements presented herein. Subsequent events that occur after the date of the consolidated balance sheets that do not provide evidence about the conditions that existed as of the date of the consolidated statements of changes in equity are considered for disclosure based upon their significance in relation to our consolidated financial statements taken as a whole.</div> <div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Fair Value of Financial Instruments</div> </div> <div> <div><br/> </div> </div> <div> <div style="text-align: justify; color: #000000;"> <div> <div style="color: #000000;">Fair value estimates are made at discrete points in time based on relevant information. These estimates may be subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. We believe that the carrying amounts of our financial instruments, consisting of cash, restricted cash, investments income, rents and other receivables, prepaid expenses and other assets, mortgage notes payable, net, line of credit, net, notes payable, net, accounts payable and accrued liabilities, below-market lease liabilities, net, deferred rent and other liabilities and due to related entities, approximate the fair values of such items based on their nature, terms, and interest rates.</div> </div> </div> <div style="text-align: justify; color: #000000;"> <br/> </div> </div><div style="text-align: justify; color: #000000; font-style: italic;">Revenue Recognition</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Rental revenue, net of concessions, which is derived primarily from lease contracts and includes rents that each tenant pays in accordance with the terms of each lease agreement, is recognized on a straight-line basis over the term of the lease, when collectability is determined to be probable.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Minimum rent, including rental abatements, lease incentives, and contractual fixed increases attributable to operating leases are recognized on a straight-line basis over the term of the related leases when collectability is probable. Amounts expected to be received in later years are recorded as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that can be taken in the form of cash or a credit against the tenant’s rent) that is funded is treated as a lease incentive and amortized as a reduction of rental revenue over the lease term.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Tenant improvement ownership is determined based on various factors including, but not limited to:</div> <div><br/> </div> <table cellpadding="0" class="DSPFListTable" id="z9f025a46ef0c4e9abbe32dc75c3ef9b9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the lease stipulates how a tenant improvement allowance may be spent;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z4fccf4248e374c5cbc6a1e29cfa7ad51" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the lessee or lessor supervises the construction and bears the risk of cost overruns;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zfce2c43cb89f4f3494faa308841fe204" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the amount of a tenant improvement allowance is in excess of market rates;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z2d52e2d3b41a47688d66a8e9136654cf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant or landlord retains legal title to the improvements at the end of the lease term;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="ze09b6f55ef694741a5abe93f0df4537a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant improvements are unique to the tenant or general purpose in nature; and</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z730d52749aff4b139004a3114400b18f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant improvements are expected to have any residual value at the end of the lease.</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">In accordance with ASC Topic 842, we determine whether collectability of lease payments in an operating lease is probable. If we determine the lease payments are not probable of collection, we fully reserve for rent and reimbursement receivables, including deferred rent receivable, and recognize rental income on a cash basis.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Distributions received from investments are evaluated by management and recorded as dividend income or a return of capital (reduction of investment) on the ex-dividend date. Operational dividends or distributions received from portfolio investments are recorded as investment income. Distributions resulting from the sale or refinance of an investee’s underlying assets are compared to the estimated value of the remaining assets and are recorded as a return of capital or as investment income as appropriate.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Realized gains or losses on investments are recognized in the period of disposal, distribution, or exchange and are measured by the difference between the proceeds from the sale or distribution and the cost of the investment. Investments are disposed of on a first-in, first-out basis. Net change in unrealized gain (loss) reflects the net change in portfolio investment values during the reporting period, including the reversal of previously recorded unrealized gains or losses.</div> <div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Dividends and Distributions</div> </div> <div> <div><br/> </div> </div> <div> <div style="text-align: justify; color: #000000;">Dividends (and distributions, if any) to stockholders are recorded on the date of declaration. The amount, if any, to be paid as a quarterly dividend (or distribution, if any) is approved quarterly by the Board of Directors and is generally based upon management’s estimate of our earnings for the quarter.</div> </div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Fair Value Measurements</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observables used in measuring investments at fair value. Market price is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available actively quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observables and a lesser degree of judgment used in measuring fair value.</div> <div><br/> </div> <div style="color: #000000;">Investments measured and reported at fair value are classified and disclosed in one of the following categories:</div> <div><br/> </div> <div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level I –</span>    <span style="color: #000000;">Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I are publicly traded equity securities. We do not adjust the quoted price for these investments even in situations where we hold a large position and a sale could reasonably impact the quoted price.</span></div><div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level II –</span>  <span style="color: #000000;">Price inputs are quoted prices for similar financial instruments in active markets; quoted prices for identical or similar financial instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Investments which are generally included in this category are publicly traded equity securities with restrictions.</span></div> <div><br/> </div> <div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level III –</span>  <span style="color: #000000;">Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair values for these investments are estimated by management using valuation methodologies that consider a range of factors, including but not limited to the price at which the investment was acquired, the nature of the investment, local market conditions, trading values on public exchanges for comparable securities, current and projected operating performance, financial condition, and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant judgment by management. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had an active market for these investments existed.</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Management’s assessment of the significance of a particular input to the fair value measurement, in its entirety, requires judgment and considers factors specific to the investment.</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Valuation of Investments</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Our consolidated financial statements include investments that are measured at their estimated fair values in accordance with GAAP. Our valuation procedures are summarized below:</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Securities for which market quotations are readily available on an exchange will be valued at such price as of the closing price on the day closest to the valuation date. Where a security is traded but in limited volume, we may instead utilize the weighted average closing price of the security over the prior 10 trading days. We may value securities that do not trade on a national exchange by using published secondary market trading information. When doing so, we first confirm that GAAP recognizes the trading price as the fair value of the security.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">Securities for which reliable market data are not readily available or for which the pricing source does not provide a valuation or methodology or provides a valuation or methodology that, in the judgment of the Investment Adviser or Board of Directors, does not represent fair value, are valued as follows: (i) each portfolio company or investment is initially valued by the investment professionals responsible for the portfolio investment; (ii) preliminary valuation conclusions are documented and discussed with our senior management; and (iii) the Board of Directors will discuss valuations and determine the fair value of each investment in our portfolio in good faith based on the input of the Investment Adviser and, where appropriate and necessary, the respective third</span>-<span style="color: #000000;">party valuation firms. The recommendation of fair value will generally be based on the following factors, as relevant:</span></div> </div> <div><br/> </div> <table cellpadding="0" class="DSPFListTable" id="z86216b9ea00f462d97fbcd1f47f1b655" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the nature and realizable value of any collateral;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zfb6e4edeb1a543dcb885c838156348eb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the portfolio company’s ability to make payments;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zb69e8283f62c4bcbb352acb1e1637fde" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the portfolio company’s earnings and discounted cash flow;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zdf44606eace64e15835424bfe4060534" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the markets in which the issuer does business; and</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z980d829ed069430c90a2d5e2ff52a765" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">comparisons to publicly traded securities.</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">Securities for which market data is not readily available or for which a pricing source is not sufficient may include the following:</div> <div><br/> </div> <table cellpadding="0" class="DSPFListTable" id="zbacc509b27e945a9a3b1510e652006d1" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">private placements and restricted securities that do not have an active trading market;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z4678157303124ab39b5e448bd12a928f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities whose trading has been suspended or for which market quotes are no longer available;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zc6410e3cbfae4367bfd1522379b9badb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">debt securities that have recently gone into default and for which there is no current market;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z36cbcdb4fffe43bbae1c7303f1d5888d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities whose prices are stale;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z9ee1a0aa5c30470fa99fbb2aa960bdc3" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities affected by significant events; and</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z8585f4766183481ba4ee77e4e8260be9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities that the Investment Adviser believes were priced incorrectly.</div> </td> </tr> </table><div style="text-align: justify; color: #000000; font-style: italic;">Valuation of Real Property</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;"> <div>Valuation of real property used to evaluate impairment of real property held for use, held for sale, or to determine the fair value of certain real properties held by equity method investments accounted for using the fair value method, involve subjective judgments and estimates. To determine the valuation of the real estate properties, management utilizes the income approach, either the discounted cash flow or direct capitalization valuation model. Determining fair value requires management to make estimates of future cash flows, which are based on a number of inputs and assumptions, including property operations, terminal capitalization rates, and discount rates. We estimate future leasing activities and associated costs, generally over a ten-year period, to determine the fair value of the property. Once the fair value is determined, we determine whether any impairment is required and document our conclusion. As part of their review of our quarterly and annual reports, the Board of Directors reviews the valuations and impairment determinations. In addition, we may obtain a third-party appraisal on directly owned properties.</div> </div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;"> <div style="color: #000000;">The inputs used in the valuation of real property are unobservable and accordingly, the notes to our consolidated financial statements describe the uncertainty with respect to the possible effect of such valuations, and any changes in such valuations, on our consolidated financial statements.</div> </div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Equity Securities</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We have minority and non-controlling equity investments in various limited partnerships and non-traded entities, which do not have readily determinable fair values. We do not have controlling interests in these entities. Thus, these investments have been recorded as investments in equity securities in accordance with ASC Topic 321, <span style="font-style: italic;">Investments – Equity Securities</span>, and measured at fair value. The changes in the fair value of these investments are recorded in the consolidated statements of operations.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Equity Method Investments with Fair Value Option Election</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We elected the fair value option of accounting for the investments listed below that would have otherwise been recorded under the equity method of accounting. The primary purpose of electing the fair value option was to enhance the transparency of our financial condition. Changes in the fair value of these investments, which are inclusive of equity in income, are recorded in the consolidated statements of operations during the period such changes occur. The below investments would have been accounted for under the equity method if the fair value method had not been elected as of June 30, 2026 and 2025:</div> <div><br/> </div> <table border="0" cellpadding="0" class="cfttable" id="z3ff0a481bf7d404693b91d7287ccb61f" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 26%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0);">17.02</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>25.00</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">405,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1.00</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">%</td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">*</td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1,201,807</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; padding-bottom: 4px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Total</div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">2,347,147</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z510f7c7c48814fb98a86f5002c8767b1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">17.02</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25.3333%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">25.00</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%;" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">531,544</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">1.00</div> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom">%</td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">*</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom">882,167<br/> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div style="color: #000000;">Total</div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">2,125,451</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*The general partner has a 1% partnership interest but is also entitled to profit sharing distributions ranging from 25% to 50% after certain thresholds are met.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Lease Accounting Topic 842</div><div style="text-align: justify; color: #000000;">In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 <span style="font-style: italic;">Leases (Topic 842)</span> (“ASU 2016-02”). Under ASU 2016-02, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor, and parties to sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to facilitate assessment of the amount, timing, and uncertainty of cash flows arising from leases.</div><div style="text-align: justify; color: #000000;"> <div style="color: #000000;">In July 2018, the FASB issued ASU No. 2018-11, <span style="font-style: italic;">Leases (Topic 842): Targeted Improvements</span> (“ASU 2018-11”). ASU 2018-11 provides lessors with a practical expedient to not separate lease and non-lease components if both (i) the timing and pattern of revenue recognition for the non-lease component and the related lease component are the same and (ii) the combined single lease component would be classified as an operating lease. We adopted the practical expedient as of July 1, 2019, to account for lease and non-lease components as a single component in lease contracts where we or one of our subsidiaries is the lessor.</div> <div style="color: #000000;"> <br/> </div> </div> <div style="text-align: justify; color: #000000;">Our current portfolio consists of commercial office properties and residential apartment buildings whereby we generate rental revenue by leasing office space and apartment units to the building’s tenants. These tenant leases fall under the scope of Topic 842, and are classified as operating leases. Revenues from such leases are recognized on a straight-line basis over the terms of the lease agreements. Non-lease components of our leases are combined with the related lease components and accounted for as a single lease component under Topic 842. The balances of net real estate investments and related depreciation on our consolidated financial statements relate to assets for which we are the lessor.</div><div style="text-align: justify; color: #000000; font-style: italic;">Real Estate Assets, Capital Additions, Depreciation and Amortization</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We capitalize costs, including certain indirect costs, incurred for capital additions, including redevelopment, development, and construction projects. We also allocate certain department costs, including payroll, at the corporate levels as “indirect costs” of capital additions, if such costs clearly relate to capital additions. We also capitalize interest, property taxes and insurance during periods in which redevelopment, development, and construction projects are in progress. Cost capitalization begins once the development or construction activity commences and ceases when the asset is ready for its intended use. Repair and maintenance and tenant turnover costs are expensed as incurred. Repair and maintenance and tenant turnover costs include all costs that do not extend the useful life of the real estate asset. Depreciation and amortization expense are computed on the straight-line method over the asset’s estimated useful life. We consider the period of future benefit of an asset to determine its appropriate useful life and anticipate the estimated useful lives of assets by class to be generally as follows:</div> <div><br/> </div> <div> <div> <div> <table border="0" cellpadding="0" id="z0e966433d15f41729fdfde8bebc69274" style="width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; border-spacing: 0px;"> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Buildings</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">16 - 45 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Building improvements</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Land improvements <br/> </span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">5 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Furniture, fixtures and equipment</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">3 - 11 years</span></td> </tr> <tr> <td rowspan="1" style="width: 80%;"> </td> <td rowspan="1" style="width: 20%; text-align: center;"> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">In-place leases</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 10 years</span></td> </tr> </table> </div> </div> </div> <div style="text-align: justify;"><br/> </div> <div style="color: #000000; font-style: italic;">Assets and Liabilities Held for Sale</div> <div> </div> <div style="text-align: justify; color: #000000;">We classify long-lived assets to be sold as held for sale in the period in which all of the following criteria are met:</div> <div> </div> <table cellpadding="0" class="DSPFListTable" id="z4363a8a6409f4e8e95f189cfc5756453" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top;"> <div style="color: #000000;">Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group);</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z844dbe8c04b7457dafea47ae8944cef9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups);</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z45e8634aa22a40269ccbacc4af17193f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zb05e6c7887ce44ee98ab8848ecb6b03e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the asset or disposal group beyond one year;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zec920d350a0f43ff8b64d1d58223c37f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. The price at which a long-lived asset (disposal group) is being marketed is indicative of whether the entity currently has the intent and ability to sell the asset (disposal group). A market price that is reasonable in relation to fair value indicates that the asset (disposal group) is available for immediate sale, whereas a market price in excess of fair value indicates that the asset (disposal group) is not available for immediate sale; and</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z8d366e2c4e4d4dfa94194308a6261bdf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.</div> </td> </tr> </table><div style="text-align: justify; color: #000000;">On the day that these criteria are met, we suspend depreciation on the investment properties held for sale, including depreciation for tenant improvements and additions, as well as on the amortization of acquired in-place leases. Assets and liabilities of the disposal group are presented separately on the consolidated balance sheets and measured at the lower of carrying value or fair value less costs to sell. Prior period balances have been reclassified as assets and liabilities held for sale for comparative purposes on the consolidated balance sheet as of June 30, 2025. Woodland Corporate Center Two was listed for sale as discussed in Note 5.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Leases</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Six of our properties, 1300 Main, Main Street West, Woodland Corporate Center, Green Valley Executive Center, One Harbor Center and Green Valley Medical Center had solar equipment leases in place at the time of our acquisition. Therefore, these existing solar leases were reassessed at the acquisition date and were recorded as finance leases in accordance with ASC 842. We record leases on the consolidated balance sheets in the form of a lease liability for the present value of future minimum payments under the lease terms and a right-of-use asset equal to the lease liability adjusted for items such as deferred or prepaid rent, lease incentives, and any impairment of the right-of-use asset. The discount rate used in determining the lease liability is based upon incremental borrowing rates that we could obtain for similar loans as of the date of commencement or renewal. We do not record leases on the consolidated balance sheets that are classified as short term (less than one year).</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">At lease inception, we determine the lease term by considering the minimum lease term and all optional renewal periods that are reasonably certain to be exercised. The lease term is also used to calculate straight-line rent expense. The depreciable life of leasehold improvements is limited by the estimated lease term, including renewals if they are reasonably certain to be exercised. Our leases do not contain residual value guarantees or material variable lease payments that will impact our ability to pay dividends or cause us to incur additional expenses.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The amortization of the right-of-use asset arising from finance leases is expensed through depreciation and amortization expense and the interest on the related lease liability is expensed through interest expense on our consolidated statements of operations.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Impairment of Real Estate Assets</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">We continually monitor events and changes in circumstances that could indicate that the carrying value of our real estate and related intangible assets may not be recoverable. When indicators of potential impairment emerge, we assess whether we will recover the carrying value of the asset through its undiscounted future cash flows and its eventual disposition. Based on this assessment, if we do not believe that we will recover the carrying value of the real estate and related intangible assets, we will record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets.</div> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">During the year ended June 30, 2026, we recorded an </span>impairment loss on assets held for sale <span style="color: #000000;">of $</span>1,687,783<span style="color: #000000;">, which is discussed in Note 5. During the year ended June 30, 2025, due to an early lease termination by the anchor tenant at our Main Street West Office Building, we recognized an accumulated impairment loss of $9,500,167. We utilized a third-party appraisal to estimate the fair value of the property and determine the impairment amount. We consider these inputs as Level III measurements within the fair value hierarchy.</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Stock-based Compensation</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">ASC 718, <span style="font-style: italic;">Stock-based Compensation</span>, requires generally that all equity awards granted to employees and consultants be accounted for at fair value. This fair value is measured at grant date for stock settled awards, and at subsequent exercise or settlement for cash-settled awards. Under this method, we recorded the 13,300 shares of common stock issued to Maxim discussed in Note 1 at fair value as compensation for services rendered to the Company. The fair value is computed based on the trading price of the common stock on the OTCQX capital market at the grant date of August 26, 2024. Additionally, we recorded the 8,583.70 shares of common stock issued to Outside The Box Capital Inc. at fair value in consideration for their marketing and distribution services. The fair value is computed based on the public trading price of the common stock at the grant date of February 3, 2025.</div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Recent Accounting Pronouncements</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In December 2023, the FASB issued ASU 2023-09, <span style="font-style: italic;">Income Taxes – Improvements to Income Tax</span>, to enhance the transparency and decision usefulness of income tax disclosures, primarily related to rate reconciliation and income taxes paid information. The amendment is effective for annual periods beginning after December 15, 2024, and should be applied on a prospective basis, with the option to apply retrospectively. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The adoption of these amendments did not have any impact on our consolidated financial statements.</div><div style="text-align: justify; color: #000000;">In November 2024, the FASB issued ASU 2024-03, <span style="font-style: italic;">Disaggregation of Income Statement Expenses</span>. The ASU’s purpose is to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, SG&amp;A, and research and development). This ASU is effective for the Company’s annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Basis of Presentation and Consolidation Policy</div><div style="text-align: justify; color: #000000;">The accompanying consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-K and Regulation S-X. We follow the accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of our wholly owned consolidated subsidiaries and majority-owned controlled subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.</div><div style="text-align: justify; color: #000000;">The assets and liabilities of each of the consolidated subsidiaries are separate from those of the Parent Company and the Operating Partnership. Consequently, the assets of the consolidated subsidiaries are not available to settle the obligations of the Parent Company or the Operating Partnership, and the obligations of the subsidiaries do not constitute obligations of the Parent Company or the Operating Partnership.</div><div style="text-align: justify; color: #000000;">Certain prior period information has been reclassified to conform to the current year-end presentation. The reclassification has no effect on our consolidated balance sheet or the consolidated statement of operations as previously reported.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Use of Estimates</div><div style="text-align: justify; color: #000000;">The preparation of consolidated financial statements requires management to make estimates and assumptions that affect reported asset values, liabilities, revenues, expenses and unrealized gains (losses) on investments during the reporting period. Material estimates are susceptible to change, and actual results could differ from those estimates.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Variable Interest Entities</div><div style="text-align: justify; color: #000000;">We evaluate the need to consolidate our investments in securities in accordance with Accounting Standards Codification (“ASC”) 810. In determining whether we have a controlling interest in a variable interest entity and whether to consolidate the accounts of that entity, management considers factors such as ownership interest, authority to make decisions and contractual and substantive participating rights of the partners, as well as whether the entity is a variable interest entity for which we are the primary beneficiary. Refer to Note 7 for additional information.</div> <div style="color: #000000; font-style: italic;">Cash, Cash Equivalents and Restricted Cash</div><div style="text-align: justify; color: #000000;">Our cash and cash equivalents represent current bank accounts and other bank deposits free of encumbrances and having maturity dates of three months or less from the respective dates of deposit. We limit cash investments to financial institutions with high credit standing; therefore, we believe our cash investments are not exposed to any significant credit risk. The restricted cash includes escrow accounts for real property taxes, insurance, capital expenditures and tenant improvements, and debt service and leasing costs held by lenders. These balances are insured by the Federal Deposit Insurance Corporation up to certain limits. Often, the cash balances held in financial institutions by us may exceed these insured limits.</div><div style="text-align: justify; color: #000000;">Restricted cash is subject to legal or contractual restrictions as to withdrawal or use, including restrictions that require the funds to be used for a specified purpose and restrictions that limit the purpose for which the funds can be used.</div> <div style="color: #000000; font-style: italic;">Investment Income Receivable</div><div style="text-align: justify; color: #000000;">Investment income receivable represents dividends, distributions, and sales proceeds recognized in accordance with our revenue recognition policy but not yet received as of the date of the consolidated financial statements. We monitor and adjust our receivables, and those deemed to be uncollectible are written-off only after all reasonable collection efforts are exhausted. We believe, based on the credit worthiness of the obligors, that all investment income receivable balances outstanding as of June 30, 2026 and 2025, are collectible and do not require recording any uncollectible allowance.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Rental, Reimbursement and Other Property Income</div><div style="text-align: justify; color: #000000;">We generate rental revenue by leasing office space and apartment units to a building’s tenants. These tenant leases fall under the scope of ASC Topic 842 and are classified as operating leases. Revenues from such leases are recognized on a straight-line basis over the terms of the lease agreements.</div> <div style="color: #000000; font-style: italic;">Rents and Other Receivables</div><div style="text-align: justify; color: #000000;">We will periodically evaluate the collectability of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. We exercise judgment in establishing these allowances and consider payment history and current credit status of tenants in developing these estimates. As of</div><div style="text-align: justify; color: #000000;">June 30, 2026 and 2025, we recognized an allowance for doubtful accounts of $145,740 and $259,590, respectively.</div> 145740 259590 <div style="color: #000000; font-style: italic;">Capital Pending Acceptance</div><div style="text-align: justify;"><span style="color: #000000;">We conduct closings for new issuance of our Series A, Series B and Series C preferred stock and MRC Aurora preferred units twice per month and admit new stockholders effective beginning the first day of each month. Subscriptions are effective only upon our acceptance. Any gross proceeds received from subscriptions which are not accepted as of the period-end are classified as capital pending acceptance in the consolidated balance sheets. We close our common stock ATM sales on a daily basis.</span> As of June 30, 2026, no capital pending acceptance related to our Series A, Series B and Series C preferred stock was recognized. As of June 30, 2025, capital pending acceptance related to our Series A and Series B preferred stock was $13,411.</div> 13411 <div style="text-align: justify; color: #000000; font-style: italic;">Organization and Offering Costs</div><div style="text-align: justify; color: #000000;">Organization costs include, among other things, the cost of legal services pertaining to the organization and incorporation of the business, incorporation fees, and audit fees relating to the public offerings and the initial statement of assets and liabilities. These costs are expensed as incurred. Offering costs include, among other things, legal fees and other costs pertaining to the preparation of the registration statements and pre and post-effective amendments. Offering costs incurred in connection with our offering circulars to sell the Series A, Series B and Series C preferred stock are classified as a reduction of equity.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Income Taxes and Deferred Tax Liability</div><div style="text-align: justify; color: #000000;">The Parent Company has elected to be treated as a REIT for tax purposes under the Code and as a REIT, is not subject to federal income taxes on amounts that it distributes to the stockholders, provided that, on an annual basis, it generally distributes at least 90% of its REIT taxable income (determined without regard to the dividends paid deduction and excluding any net capital gain) to the stockholders and meets certain other conditions. To the extent it satisfies the annual distribution requirement but distributes less than 100% of its REIT taxable income, it will be subject to U.S. federal corporate income tax on its undistributed taxable income. In addition, it will be subject to a 4% nondeductible excise tax if the actual amount that it pays to its stockholders in a calendar year is less than a minimum amount specified under U.S. federal tax laws.</div><div style="color: #000000;">The Parent Company satisfied the annual dividend payment and other REIT requirements for the tax year ended December 31, 2025. Therefore, it did not incur any tax expense or excise tax on its income from operations during the quarterly periods within the tax year 2025 Although the Board of Directors suspended the Company’s regular quarterly common stock dividend effective May 19, 2025, based on the Company’s current estimates, any REIT taxable income for the tax year 2026, if any, is expected to be fully covered by the dividends-paid deduction, including dividends paid on its preferred stock. Accordingly, the Parent Company did not record any provision for federal income taxes during the fiscal periods within the tax year 2026.</div><div style="text-align: justify; color: #000000;">MacKenzie NY 2 is subject to corporate federal and state income tax on its taxable income at regular statutory rates. As of June 30, 2026, it did not have any taxable income for tax years 2025 and 2026. Therefore, we did not record any tax provisions during any fiscal periods within the tax years 2025 and 2026. MacKenzie Satellite, MRC QRS and MAC are qualified REIT subsidiaries of the Parent Company. Therefore, they do not file a separate tax return. </div><div style="text-align: justify;"><span style="color: #000000;">The Operating Partnership is a limited partnership. </span>220 Campus Lane, GVEC and Innovate Napa <span style="color: #000000;">are limited liability companies. First &amp; Main, 1300 Main, Woodland Corporate Center Two, Main Street West, One Harbor Center, LP and Green Valley Medical Center, LP are limited partnerships. Accordingly, all income tax liabilities of these entities ultimately flow through to the Company, with the exception of minority membership interests. Therefore, no income tax provisions are recorded for these entities.</span></div><div style="text-align: justify;"><span style="color: #000000;">MAC OP is a limited partnership. Hollywood Hillview, MacKenzie Shoreline, Madison, PVT, </span>Campus Lane Residential and MRC Aurora <span style="color: #000000;">are limited liability companies. Accordingly, all income tax liabilities of these entities ultimately flow through to the Company, with the exception of minority membership interests. Therefore, no income tax provisions are recorded for these entities.</span></div><div style="text-align: justify; color: #000000;">We follow ASC 740, Income Taxes (“ASC 740”), to account for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the future tax liabilities attributable to the net unrealized investment gain (losses) on existing investments. In estimating future tax consequences, we consider all future events, other than enactments of changes in tax laws or rates. The effect on deferred tax assets and liabilities of a change in tax rates will be recognized as income or expense in the period of enactment. In addition, ASC 740 provides guidance for recognizing, measuring, presenting, and disclosing uncertain tax positions in the financial statements. As of June 30, 2026 and 2025, there were no uncertain tax positions. Management’s determinations regarding ASC 740 are subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.</div> 0.90 1 0.04 2 0 0 0 0 0 0 0 0 <div style="color: #000000; font-style: italic;">Subsequent Events</div><div style="text-align: justify; color: #000000;">Subsequent events are events or transactions that occur after the date of the consolidated balance sheets but before the date the consolidated financial statements are issued. Subsequent events that provide additional evidence about conditions that existed at the date of the consolidated balance sheets are considered in the preparation of the consolidated financial statements presented herein. Subsequent events that occur after the date of the consolidated balance sheets that do not provide evidence about the conditions that existed as of the date of the consolidated statements of changes in equity are considered for disclosure based upon their significance in relation to our consolidated financial statements taken as a whole.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Fair Value of Financial Instruments</div><div style="color: #000000;">Fair value estimates are made at discrete points in time based on relevant information. These estimates may be subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. We believe that the carrying amounts of our financial instruments, consisting of cash, restricted cash, investments income, rents and other receivables, prepaid expenses and other assets, mortgage notes payable, net, line of credit, net, notes payable, net, accounts payable and accrued liabilities, below-market lease liabilities, net, deferred rent and other liabilities and due to related entities, approximate the fair values of such items based on their nature, terms, and interest rates.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Revenue Recognition</div><div style="text-align: justify; color: #000000;">Rental revenue, net of concessions, which is derived primarily from lease contracts and includes rents that each tenant pays in accordance with the terms of each lease agreement, is recognized on a straight-line basis over the term of the lease, when collectability is determined to be probable.</div><div style="text-align: justify; color: #000000;">Minimum rent, including rental abatements, lease incentives, and contractual fixed increases attributable to operating leases are recognized on a straight-line basis over the term of the related leases when collectability is probable. Amounts expected to be received in later years are recorded as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that can be taken in the form of cash or a credit against the tenant’s rent) that is funded is treated as a lease incentive and amortized as a reduction of rental revenue over the lease term.</div><div style="text-align: justify; color: #000000;">Tenant improvement ownership is determined based on various factors including, but not limited to:</div><table cellpadding="0" class="DSPFListTable" id="z9f025a46ef0c4e9abbe32dc75c3ef9b9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the lease stipulates how a tenant improvement allowance may be spent;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z4fccf4248e374c5cbc6a1e29cfa7ad51" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the lessee or lessor supervises the construction and bears the risk of cost overruns;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zfce2c43cb89f4f3494faa308841fe204" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the amount of a tenant improvement allowance is in excess of market rates;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z2d52e2d3b41a47688d66a8e9136654cf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant or landlord retains legal title to the improvements at the end of the lease term;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="ze09b6f55ef694741a5abe93f0df4537a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant improvements are unique to the tenant or general purpose in nature; and</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z730d52749aff4b139004a3114400b18f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">whether the tenant improvements are expected to have any residual value at the end of the lease.</div> </td> </tr> </table><div style="text-align: justify; color: #000000;">In accordance with ASC Topic 842, we determine whether collectability of lease payments in an operating lease is probable. If we determine the lease payments are not probable of collection, we fully reserve for rent and reimbursement receivables, including deferred rent receivable, and recognize rental income on a cash basis.</div><div style="text-align: justify; color: #000000;">Distributions received from investments are evaluated by management and recorded as dividend income or a return of capital (reduction of investment) on the ex-dividend date. Operational dividends or distributions received from portfolio investments are recorded as investment income. Distributions resulting from the sale or refinance of an investee’s underlying assets are compared to the estimated value of the remaining assets and are recorded as a return of capital or as investment income as appropriate.</div><div style="text-align: justify; color: #000000;">Realized gains or losses on investments are recognized in the period of disposal, distribution, or exchange and are measured by the difference between the proceeds from the sale or distribution and the cost of the investment. Investments are disposed of on a first-in, first-out basis. Net change in unrealized gain (loss) reflects the net change in portfolio investment values during the reporting period, including the reversal of previously recorded unrealized gains or losses.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Dividends and Distributions</div><div style="text-align: justify; color: #000000;">Dividends (and distributions, if any) to stockholders are recorded on the date of declaration. The amount, if any, to be paid as a quarterly dividend (or distribution, if any) is approved quarterly by the Board of Directors and is generally based upon management’s estimate of our earnings for the quarter.</div> <div style="color: #000000; font-style: italic;">Fair Value Measurements</div><div style="text-align: justify; color: #000000;">GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observables used in measuring investments at fair value. Market price is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available actively quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observables and a lesser degree of judgment used in measuring fair value.</div><div style="color: #000000;">Investments measured and reported at fair value are classified and disclosed in one of the following categories:</div><div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level I –</span>    <span style="color: #000000;">Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I are publicly traded equity securities. We do not adjust the quoted price for these investments even in situations where we hold a large position and a sale could reasonably impact the quoted price.</span></div><div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level II –</span>  <span style="color: #000000;">Price inputs are quoted prices for similar financial instruments in active markets; quoted prices for identical or similar financial instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Investments which are generally included in this category are publicly traded equity securities with restrictions.</span></div><div style="text-align: justify; margin-left: 22.5pt;"><span style="color: #000000;">Level III –</span>  <span style="color: #000000;">Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair values for these investments are estimated by management using valuation methodologies that consider a range of factors, including but not limited to the price at which the investment was acquired, the nature of the investment, local market conditions, trading values on public exchanges for comparable securities, current and projected operating performance, financial condition, and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant judgment by management. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had an active market for these investments existed.</span></div><div style="text-align: justify; color: #000000;">In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.</div><div style="text-align: justify; color: #000000;">Management’s assessment of the significance of a particular input to the fair value measurement, in its entirety, requires judgment and considers factors specific to the investment.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Valuation of Investments</div><div style="text-align: justify; color: #000000;">Our consolidated financial statements include investments that are measured at their estimated fair values in accordance with GAAP. Our valuation procedures are summarized below:</div><div style="text-align: justify; color: #000000;">Securities for which market quotations are readily available on an exchange will be valued at such price as of the closing price on the day closest to the valuation date. Where a security is traded but in limited volume, we may instead utilize the weighted average closing price of the security over the prior 10 trading days. We may value securities that do not trade on a national exchange by using published secondary market trading information. When doing so, we first confirm that GAAP recognizes the trading price as the fair value of the security.</div><div><span style="color: #000000;">Securities for which reliable market data are not readily available or for which the pricing source does not provide a valuation or methodology or provides a valuation or methodology that, in the judgment of the Investment Adviser or Board of Directors, does not represent fair value, are valued as follows: (i) each portfolio company or investment is initially valued by the investment professionals responsible for the portfolio investment; (ii) preliminary valuation conclusions are documented and discussed with our senior management; and (iii) the Board of Directors will discuss valuations and determine the fair value of each investment in our portfolio in good faith based on the input of the Investment Adviser and, where appropriate and necessary, the respective third</span>-<span style="color: #000000;">party valuation firms. The recommendation of fair value will generally be based on the following factors, as relevant:</span></div><table cellpadding="0" class="DSPFListTable" id="z86216b9ea00f462d97fbcd1f47f1b655" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the nature and realizable value of any collateral;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zfb6e4edeb1a543dcb885c838156348eb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the portfolio company’s ability to make payments;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zb69e8283f62c4bcbb352acb1e1637fde" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the portfolio company’s earnings and discounted cash flow;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zdf44606eace64e15835424bfe4060534" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">the markets in which the issuer does business; and</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z980d829ed069430c90a2d5e2ff52a765" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">comparisons to publicly traded securities.</div> </td> </tr> </table><div style="text-align: justify; color: #000000;">Securities for which market data is not readily available or for which a pricing source is not sufficient may include the following:</div><table cellpadding="0" class="DSPFListTable" id="zbacc509b27e945a9a3b1510e652006d1" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">private placements and restricted securities that do not have an active trading market;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z4678157303124ab39b5e448bd12a928f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities whose trading has been suspended or for which market quotes are no longer available;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zc6410e3cbfae4367bfd1522379b9badb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">debt securities that have recently gone into default and for which there is no current market;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z36cbcdb4fffe43bbae1c7303f1d5888d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities whose prices are stale;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z9ee1a0aa5c30470fa99fbb2aa960bdc3" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities affected by significant events; and</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z8585f4766183481ba4ee77e4e8260be9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 20.25pt;"><br/> </td> <td style="width: 27pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">securities that the Investment Adviser believes were priced incorrectly.</div> </td> </tr> </table> P10D <div style="text-align: justify; color: #000000; font-style: italic;">Valuation of Real Property</div><div>Valuation of real property used to evaluate impairment of real property held for use, held for sale, or to determine the fair value of certain real properties held by equity method investments accounted for using the fair value method, involve subjective judgments and estimates. To determine the valuation of the real estate properties, management utilizes the income approach, either the discounted cash flow or direct capitalization valuation model. Determining fair value requires management to make estimates of future cash flows, which are based on a number of inputs and assumptions, including property operations, terminal capitalization rates, and discount rates. We estimate future leasing activities and associated costs, generally over a ten-year period, to determine the fair value of the property. Once the fair value is determined, we determine whether any impairment is required and document our conclusion. As part of their review of our quarterly and annual reports, the Board of Directors reviews the valuations and impairment determinations. In addition, we may obtain a third-party appraisal on directly owned properties.</div><div style="color: #000000;">The inputs used in the valuation of real property are unobservable and accordingly, the notes to our consolidated financial statements describe the uncertainty with respect to the possible effect of such valuations, and any changes in such valuations, on our consolidated financial statements.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Equity Securities</div><div style="text-align: justify; color: #000000;">We have minority and non-controlling equity investments in various limited partnerships and non-traded entities, which do not have readily determinable fair values. We do not have controlling interests in these entities. Thus, these investments have been recorded as investments in equity securities in accordance with ASC Topic 321, <span style="font-style: italic;">Investments – Equity Securities</span>, and measured at fair value. The changes in the fair value of these investments are recorded in the consolidated statements of operations.</div> <div style="color: #000000; font-style: italic;">Equity Method Investments with Fair Value Option Election</div><div style="text-align: justify; color: #000000;">We elected the fair value option of accounting for the investments listed below that would have otherwise been recorded under the equity method of accounting. The primary purpose of electing the fair value option was to enhance the transparency of our financial condition. Changes in the fair value of these investments, which are inclusive of equity in income, are recorded in the consolidated statements of operations during the period such changes occur. The below investments would have been accounted for under the equity method if the fair value method had not been elected as of June 30, 2026 and 2025:</div><table border="0" cellpadding="0" class="cfttable" id="z3ff0a481bf7d404693b91d7287ccb61f" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 26%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0);">17.02</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>25.00</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">405,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1.00</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">%</td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">*</td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1,201,807</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; padding-bottom: 4px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Total</div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">2,347,147</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table><table cellpadding="0" class="cfttable" id="z510f7c7c48814fb98a86f5002c8767b1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">17.02</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25.3333%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">25.00</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%;" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">531,544</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">1.00</div> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom">%</td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">*</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom">882,167<br/> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div style="color: #000000;">Total</div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">2,125,451</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: rgb(0, 0, 0);">*The general partner has a 1% partnership interest but is also entitled to profit sharing distributions ranging from 25% to 50% after certain thresholds are met.</div> The below investments would have been accounted for under the equity method if the fair value method had not been elected as of June 30, 2026 and 2025:<table border="0" cellpadding="0" class="cfttable" id="z3ff0a481bf7d404693b91d7287ccb61f" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 26%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0);">17.02</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25%;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>25.00</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>%</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">405,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 26%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: rgb(0, 0, 0);">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0);">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1.00</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">%</td> <td class="cftguttercell" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom">*</td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">1,201,807</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> </tr> <tr> <td style="vertical-align: middle; width: 26%; padding-bottom: 4px;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Total</div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">2,347,147</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z510f7c7c48814fb98a86f5002c8767b1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Investee</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Legal Form</div> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25.3333%;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">% Ownership</div> </td> <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value as of<br/> June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Lakemont Partners, LLC</div> </td> <td style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Liability Company</div> </td> <td style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">17.02</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Martin Plaza Associates, LP</div> </td> <td style="vertical-align: middle; width: 25.3333%;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td style="vertical-align: bottom; width: 25.3333%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP and LP Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">25.00</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%;" valign="bottom">%</td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">531,544</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Westside Professional Center I, LP</div> </td> <td rowspan="1" style="vertical-align: middle; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="text-align: justify; color: #000000;">Limited Partnership</div> </td> <td rowspan="1" style="vertical-align: bottom; width: 25.3333%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;">GP Interest</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">1.00</div> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom">%</td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">*</div> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom">882,167<br/> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div style="color: #000000;">Total</div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 25.3333%; padding-bottom: 4px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">2,125,451</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*The general partner has a 1% partnership interest but is also entitled to profit sharing distributions ranging from 25% to 50% after certain thresholds are met.</div> 0.1702 740260 0.25 405080 0.01 1201807 2347147 0.1702 711740 0.25 531544 0.01 882167 2125451 0.01 0.01 0.25 0.25 0.50 <div style="color: #000000; font-style: italic;">Lease Accounting Topic 842</div><div style="text-align: justify; color: #000000;">In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 <span style="font-style: italic;">Leases (Topic 842)</span> (“ASU 2016-02”). Under ASU 2016-02, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor, and parties to sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to facilitate assessment of the amount, timing, and uncertainty of cash flows arising from leases.</div><div style="color: #000000;">In July 2018, the FASB issued ASU No. 2018-11, <span style="font-style: italic;">Leases (Topic 842): Targeted Improvements</span> (“ASU 2018-11”). ASU 2018-11 provides lessors with a practical expedient to not separate lease and non-lease components if both (i) the timing and pattern of revenue recognition for the non-lease component and the related lease component are the same and (ii) the combined single lease component would be classified as an operating lease. We adopted the practical expedient as of July 1, 2019, to account for lease and non-lease components as a single component in lease contracts where we or one of our subsidiaries is the lessor.</div><div style="text-align: justify; color: #000000;">Our current portfolio consists of commercial office properties and residential apartment buildings whereby we generate rental revenue by leasing office space and apartment units to the building’s tenants. These tenant leases fall under the scope of Topic 842, and are classified as operating leases. Revenues from such leases are recognized on a straight-line basis over the terms of the lease agreements. Non-lease components of our leases are combined with the related lease components and accounted for as a single lease component under Topic 842. The balances of net real estate investments and related depreciation on our consolidated financial statements relate to assets for which we are the lessor.</div> <div style="text-align: justify; color: #000000; font-style: italic;">Real Estate Assets, Capital Additions, Depreciation and Amortization</div><div style="text-align: justify; color: #000000;">We capitalize costs, including certain indirect costs, incurred for capital additions, including redevelopment, development, and construction projects. We also allocate certain department costs, including payroll, at the corporate levels as “indirect costs” of capital additions, if such costs clearly relate to capital additions. We also capitalize interest, property taxes and insurance during periods in which redevelopment, development, and construction projects are in progress. Cost capitalization begins once the development or construction activity commences and ceases when the asset is ready for its intended use. Repair and maintenance and tenant turnover costs are expensed as incurred. Repair and maintenance and tenant turnover costs include all costs that do not extend the useful life of the real estate asset. Depreciation and amortization expense are computed on the straight-line method over the asset’s estimated useful life. We consider the period of future benefit of an asset to determine its appropriate useful life and anticipate the estimated useful lives of assets by class to be generally as follows:</div><table border="0" cellpadding="0" id="z0e966433d15f41729fdfde8bebc69274" style="width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; border-spacing: 0px;"> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Buildings</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">16 - 45 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Building improvements</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Land improvements <br/> </span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">5 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Furniture, fixtures and equipment</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">3 - 11 years</span></td> </tr> <tr> <td rowspan="1" style="width: 80%;"> </td> <td rowspan="1" style="width: 20%; text-align: center;"> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">In-place leases</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 10 years</span></td> </tr> </table> We consider the period of future benefit of an asset to determine its appropriate useful life and anticipate the estimated useful lives of assets by class to be generally as follows:<div> <div> <div> <table border="0" cellpadding="0" id="z0e966433d15f41729fdfde8bebc69274" style="width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; border-spacing: 0px;"> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Buildings</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">16 - 45 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Building improvements</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Land improvements <br/> </span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">5 - 15 years</span></td> </tr> <tr> <td style="width: 80%;"><br/> </td> <td style="width: 20%;"><br/> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">Furniture, fixtures and equipment</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">3 - 11 years</span></td> </tr> <tr> <td rowspan="1" style="width: 80%;"> </td> <td rowspan="1" style="width: 20%; text-align: center;"> </td> </tr> <tr> <td style="width: 80%; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">In-place leases</span></td> <td style="width: 20%; text-align: center; background-color: rgb(204, 238, 255);"><span class="ui-provider ayp ayq ayr ays ayt ayu ayv ayw ayx ayy ayz aza azb azc azd aze azf azg azh azi azj azk azl azm azn azo azp azq azr azs azt azu azv azw azx">1 - 10 years</span></td> </tr> </table> </div> </div> </div> P16Y P45Y P1Y P15Y P5Y P15Y P3Y P11Y P1Y P10Y <div style="color: #000000; font-style: italic;">Assets and Liabilities Held for Sale</div><div style="text-align: justify; color: #000000;">We classify long-lived assets to be sold as held for sale in the period in which all of the following criteria are met:</div><table cellpadding="0" class="DSPFListTable" id="z4363a8a6409f4e8e95f189cfc5756453" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top;"> <div style="color: #000000;">Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group);</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z844dbe8c04b7457dafea47ae8944cef9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups);</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z45e8634aa22a40269ccbacc4af17193f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zb05e6c7887ce44ee98ab8848ecb6b03e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the asset or disposal group beyond one year;</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="zec920d350a0f43ff8b64d1d58223c37f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. The price at which a long-lived asset (disposal group) is being marketed is indicative of whether the entity currently has the intent and ability to sell the asset (disposal group). A market price that is reasonable in relation to fair value indicates that the asset (disposal group) is available for immediate sale, whereas a market price in excess of fair value indicates that the asset (disposal group) is not available for immediate sale; and</div> </td> </tr> </table><table cellpadding="0" class="DSPFListTable" id="z8d366e2c4e4d4dfa94194308a6261bdf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: #000000;">•</td> <td style="width: auto; vertical-align: top; text-align: justify;"> <div style="color: #000000;">Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.</div> </td> </tr> </table><div style="text-align: justify; color: #000000;">On the day that these criteria are met, we suspend depreciation on the investment properties held for sale, including depreciation for tenant improvements and additions, as well as on the amortization of acquired in-place leases. Assets and liabilities of the disposal group are presented separately on the consolidated balance sheets and measured at the lower of carrying value or fair value less costs to sell. Prior period balances have been reclassified as assets and liabilities held for sale for comparative purposes on the consolidated balance sheet as of June 30, 2025. Woodland Corporate Center Two was listed for sale as discussed in Note 5.</div> <div style="color: #000000; font-style: italic;">Leases</div><div style="text-align: justify; color: #000000;">Six of our properties, 1300 Main, Main Street West, Woodland Corporate Center, Green Valley Executive Center, One Harbor Center and Green Valley Medical Center had solar equipment leases in place at the time of our acquisition. Therefore, these existing solar leases were reassessed at the acquisition date and were recorded as finance leases in accordance with ASC 842. We record leases on the consolidated balance sheets in the form of a lease liability for the present value of future minimum payments under the lease terms and a right-of-use asset equal to the lease liability adjusted for items such as deferred or prepaid rent, lease incentives, and any impairment of the right-of-use asset. The discount rate used in determining the lease liability is based upon incremental borrowing rates that we could obtain for similar loans as of the date of commencement or renewal. We do not record leases on the consolidated balance sheets that are classified as short term (less than one year).</div><div style="text-align: justify; color: #000000;">At lease inception, we determine the lease term by considering the minimum lease term and all optional renewal periods that are reasonably certain to be exercised. The lease term is also used to calculate straight-line rent expense. The depreciable life of leasehold improvements is limited by the estimated lease term, including renewals if they are reasonably certain to be exercised. Our leases do not contain residual value guarantees or material variable lease payments that will impact our ability to pay dividends or cause us to incur additional expenses.</div><div style="text-align: justify; color: #000000;">The amortization of the right-of-use asset arising from finance leases is expensed through depreciation and amortization expense and the interest on the related lease liability is expensed through interest expense on our consolidated statements of operations.</div> <div style="color: #000000; font-style: italic;">Impairment of Real Estate Assets</div><div style="text-align: justify; color: #000000;">We continually monitor events and changes in circumstances that could indicate that the carrying value of our real estate and related intangible assets may not be recoverable. When indicators of potential impairment emerge, we assess whether we will recover the carrying value of the asset through its undiscounted future cash flows and its eventual disposition. Based on this assessment, if we do not believe that we will recover the carrying value of the real estate and related intangible assets, we will record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets.</div><div style="text-align: justify;"><span style="color: #000000;">During the year ended June 30, 2026, we recorded an </span>impairment loss on assets held for sale <span style="color: #000000;">of $</span>1,687,783<span style="color: #000000;">, which is discussed in Note 5. During the year ended June 30, 2025, due to an early lease termination by the anchor tenant at our Main Street West Office Building, we recognized an accumulated impairment loss of $9,500,167. We utilized a third-party appraisal to estimate the fair value of the property and determine the impairment amount. We consider these inputs as Level III measurements within the fair value hierarchy.</span></div> 1687783 -9500167 <div style="text-align: justify; color: #000000; font-style: italic;">Stock-based Compensation</div><div style="color: #000000;">ASC 718, <span style="font-style: italic;">Stock-based Compensation</span>, requires generally that all equity awards granted to employees and consultants be accounted for at fair value. This fair value is measured at grant date for stock settled awards, and at subsequent exercise or settlement for cash-settled awards. Under this method, we recorded the 13,300 shares of common stock issued to Maxim discussed in Note 1 at fair value as compensation for services rendered to the Company. The fair value is computed based on the trading price of the common stock on the OTCQX capital market at the grant date of August 26, 2024. Additionally, we recorded the 8,583.70 shares of common stock issued to Outside The Box Capital Inc. at fair value in consideration for their marketing and distribution services. The fair value is computed based on the public trading price of the common stock at the grant date of February 3, 2025.</div> 13300 8583.7 <div style="text-align: justify; color: #000000; font-style: italic;">Recent Accounting Pronouncements</div><div style="text-align: justify; color: #000000;">In December 2023, the FASB issued ASU 2023-09, <span style="font-style: italic;">Income Taxes – Improvements to Income Tax</span>, to enhance the transparency and decision usefulness of income tax disclosures, primarily related to rate reconciliation and income taxes paid information. The amendment is effective for annual periods beginning after December 15, 2024, and should be applied on a prospective basis, with the option to apply retrospectively. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The adoption of these amendments did not have any impact on our consolidated financial statements.</div><div style="text-align: justify; color: #000000;">In November 2024, the FASB issued ASU 2024-03, <span style="font-style: italic;">Disaggregation of Income Statement Expenses</span>. The ASU’s purpose is to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, SG&amp;A, and research and development). This ASU is effective for the Company’s annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements.</div> <div style="text-align: justify; color: #000000; font-weight: bold;">NOTE 3 – INVESTMENTS IN REAL ESTATE</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The following tables provide summary information regarding our operating properties, which are owned through our subsidiaries. The ownership interest shown below is the percentage of the property owned by the subsidiary, not the percentage of the subsidiary owned by the Company.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"><span style="text-decoration:underline">Consolidated Operating Properties</span></div> <div><br/> </div> <table border="0" cellpadding="0" id="ze79b5510e1eb40a0b527045446970b67" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Commodore Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>The Park View Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Hollywood Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Shoreline Apartments</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Madison-PVT Partners LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>PVT-Madison Partners LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>PT Hillview GP, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">MacKenzie-BAA IG Shoreline LLC</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Oakland, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Oakland, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Los Angeles, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Concord, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>43</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>35</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>48</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>75</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1912</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1929</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1917</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1968</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Satellite Place Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>First &amp; Main Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>1300 Main Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland Corporate Center</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>MacKenzie Satellite Place Corp.</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>First &amp; Main, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1300 Main, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland Corporate Center Two, LP</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Duluth, GA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>5</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>8</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>6</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>13</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2002</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2001</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2020</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2004</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Main Street West Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>220 Campus Lane Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Green Valley Executive Center</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>One Harbor Center</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Main Street West, LP</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>220 Campus Lane, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>GV Executive Center, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>One Harbor Center, LP</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Suisun, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>9</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>4</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>15</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>11</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2007</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1990</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2006</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2001</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Green Valley Medical Center</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Aurora at Green Valley</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Green Valley Medical Center, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>MRC Aurora, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>12</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>67</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2002</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2025</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">In addition to our commercial and residential real estate properties, we own a vacant parcel adjacent to the 220 Campus Lane Office Building in Fairfield, California. </span>We acquired the vacant land in September 2023 with the long-term objective of developing it into a multi-family residential community. This project, known as Blue Ridge, is expected to consist of 84 luxury multi-family units in Solano County, one of the fastest-growing counties in California. <span style="color: #000000;">The entitlement process for the vacant land is on-going. Our goal is to commence construction in fall 2027; however, this is subject to the city’s approval of our development application submitted in April 2024 and to securing the necessary financial resources</span>. The Company is currently evaluating potential development and financing structures for the project, including discussions with a third-party developer pursuant to which the Company may contribute the land and the third party may arrange construction financing and development capital for the project.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The total depreciation expense of our operating properties for the years ended June 30, 2026 and 2025 were $7,239,178 and $7,902,429, respectively.</div> <div><br/> </div> <div style="color: #000000; font-style: italic;">Operating Leases:</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Our real estate assets are leased to tenants under operating leases that contain varying terms and expirations. The leases may have provisions to extend the lease agreements, options for early termination after paying a specified penalty and other terms and conditions as negotiated. We retain substantially all the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, we do not require a security deposit from tenants on our commercial real estate properties, depending upon the terms of the respective leases and the creditworthiness of the tenants. Even when required, security deposits generally are not significant amounts. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of the security deposit. Security deposits received in cash related to tenant leases are included in other accrued liabilities in the accompanying consolidated balance sheets and were immaterial as of June 30, 2026 and 2025.</div><div style="color: #000000;">The following table presents the components of <span style="-sec-ix-hidden: hidden-fact-4">income from real estate operations</span> for the years ended June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="za5e1999b4e9547398cba10fbabd3c666" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Lease income - Operating leases</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">18,358,243</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">20,781,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Variable lease income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,649,171</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,278,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">20,007,414</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">22,059,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>Primarily includes tenant reimbursements for utilities and common area maintenance.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As of June 30, 2026, the future minimum rental income from our real estate properties under non-cancelable operating leases are as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z85c0fb411538463fb97291ed48df50de" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Year ended June 30,:</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Rental Income</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,128,503</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">9,433,168</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7,212,452</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">5,709,568</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">3,965,064</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">10,066,204</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">49,514,959</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000; font-weight: bold;">Lease Intangibles, Above-Market Lease Assets and Below-Market Lease Liabilities, Net</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As of June 30, 2026 and 2025, our acquired lease intangibles, above-market lease assets, and below-market lease liabilities were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9278208997804a4c99b2ec23d5186418" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,543,760</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>628,573</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,125,446</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,437,644</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(462,223</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(1,846,327</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(232,915</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(7,840</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(58,112</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>2,873,201</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>158,510</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>221,007</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Weighted average amortization period (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>5.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.6</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9d0fce12b3c9446195de3f64aacd3e7c" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,184,664</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>628,572</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,643,300</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,038,895</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(338,589</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(2,082,971</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(121,974</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(4,440</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(29,855</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>4,023,795</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>285,543</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>530,474</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Weighted average amortization period (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.6</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: #000000;">Our amortization of lease intangibles, above-market lease assets and below-market lease liabilities for the year ended June 30, 2026, were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z46962a2bddae48efa147b82b42885845" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,902,449</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>130,646</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(292,291</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">Our amortization of lease intangibles, above-market lease assets and below-market lease liabilities for the year ended June 30, 2025, were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zfa4a2918248142a9b57f0e6fab72b64d" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,530,128</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>204,116</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(748,219</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">The following table provides the projected amortization expense and adjustments to revenue from tenants for intangible assets and liabilities for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zeb97229ad71a4952b9528062fa8b86fa" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> 2027</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2028</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2029</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2030</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2031</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Thereafter</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>In-place leases, to be included in amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>882,505</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>571,431</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>430,973</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>347,449</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>217,135</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>423,708</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Above-market lease intangibles</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>63,822</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>36,119</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>30,827</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>24,388</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,354</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Below-market lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(126,032</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(42,126</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(31,299</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(6,829</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(6,026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(8,695</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(62,210</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(6,007</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(472</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17,559</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(2,672</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(8,695</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div style="text-align: justify; color: #000000;">The following tables provide summary information regarding our operating properties, which are owned through our subsidiaries. The ownership interest shown below is the percentage of the property owned by the subsidiary, not the percentage of the subsidiary owned by the Company.</div><table border="0" cellpadding="0" id="ze79b5510e1eb40a0b527045446970b67" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Commodore Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>The Park View Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Hollywood Apartments</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Shoreline Apartments</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Madison-PVT Partners LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>PVT-Madison Partners LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>PT Hillview GP, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">MacKenzie-BAA IG Shoreline LLC</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Oakland, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Oakland, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Los Angeles, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Concord, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>43</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>35</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>48</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>75</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1912</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1929</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1917</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1968</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Satellite Place Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>First &amp; Main Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>1300 Main Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland Corporate Center</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>MacKenzie Satellite Place Corp.</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>First &amp; Main, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1300 Main, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland Corporate Center Two, LP</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Duluth, GA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Woodland, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>5</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>8</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>6</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>13</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2002</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2001</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2020</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2004</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Main Street West Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>220 Campus Lane Office Building</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Green Valley Executive Center</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>One Harbor Center</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Main Street West, LP</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>220 Campus Lane, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>GV Executive Center, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>One Harbor Center, LP</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Napa, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Suisun, CA</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>9</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>4</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>15</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>11</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2007</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>1990</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2006</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>2001</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>100%</div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Property Name:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Green Valley Medical Center</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Aurora at Green Valley</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Property Owner:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Green Valley Medical Center, LP</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>MRC Aurora, LLC</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Location:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>Fairfield, CA</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Number of Tenants:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>12</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>67</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; white-space: nowrap;"> <div>Year Built:</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2002</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div>2025</div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; white-space: nowrap;"> <div> </div> </td> </tr> <tr> <td style="width: 24%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>Ownership Interest:</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div>100%</div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> <td style="width: 19%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div> </div> </td> </tr> </table> Commodore Apartments The Park View Apartments Hollywood Apartments Shoreline Apartments Madison-PVT Partners LLC PVT-Madison Partners LLC PT Hillview GP, LLC MacKenzie-BAA IG Shoreline LLC Oakland, CA Oakland, CA Los Angeles, CA Concord, CA 43 35 48 75 1912 1929 1917 1968 1 1 1 1 Satellite Place Office Building First & Main Office Building 1300 Main Office Building Woodland Corporate Center MacKenzie Satellite Place Corp. First & Main, LP 1300 Main, LP Woodland Corporate Center Two, LP Duluth, GA Napa, CA Napa, CA Woodland, CA 5 8 6 13 2002 2001 2020 2004 1 1 1 1 Main Street West Office Building 220 Campus Lane Office Building Green Valley Executive Center One Harbor Center Main Street West, LP 220 Campus Lane, LLC GV Executive Center, LLC One Harbor Center, LP Napa, CA Fairfield, CA Fairfield, CA Suisun, CA 9 4 15 11 2007 1990 2006 2001 1 1 1 1 Green Valley Medical Center Aurora at Green Valley Green Valley Medical Center, LP MRC Aurora, LLC Fairfield, CA Fairfield, CA 12 67 2002 2025 1 1 7239178 7902429 <div style="color: #000000;">The following table presents the components of <span style="-sec-ix-hidden: hidden-fact-4">income from real estate operations</span> for the years ended June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="za5e1999b4e9547398cba10fbabd3c666" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Lease income - Operating leases</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">18,358,243</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">20,781,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Variable lease income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,649,171</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,278,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">20,007,414</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">22,059,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>Primarily includes tenant reimbursements for utilities and common area maintenance.</div> 18358243 20781843 1649171 1278000 20007414 22059843 <div style="text-align: justify; color: #000000;">As of June 30, 2026, the future minimum rental income from our real estate properties under non-cancelable operating leases are as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z85c0fb411538463fb97291ed48df50de" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Year ended June 30,:</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Rental Income</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,128,503</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">9,433,168</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7,212,452</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">5,709,568</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">3,965,064</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">10,066,204</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">49,514,959</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 13128503 9433168 7212452 5709568 3965064 10066204 49514959 <div style="text-align: justify; color: #000000;">As of June 30, 2026 and 2025, our acquired lease intangibles, above-market lease assets, and below-market lease liabilities were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9278208997804a4c99b2ec23d5186418" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,543,760</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>628,573</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,125,446</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,437,644</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(462,223</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(1,846,327</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(232,915</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(7,840</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(58,112</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>2,873,201</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>158,510</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>221,007</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Weighted average amortization period (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>5.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.6</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9d0fce12b3c9446195de3f64aacd3e7c" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,184,664</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>628,572</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,643,300</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,038,895</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(338,589</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(2,082,971</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(121,974</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(4,440</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(29,855</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>4,023,795</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>285,543</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>530,474</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div>Weighted average amortization period (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.6</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4.8</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 10543760 628573 2125446 7437644 462223 1846327 232915 7840 58112 2873201 158510 221007 P5Y6M P4Y7M6D P4Y9M18D 11184664 628572 2643300 7038895 338589 2082971 121974 4440 29855 4023795 285543 530474 P4Y9M18D P4Y7M6D P4Y9M18D <div style="text-align: justify; color: #000000;">Our amortization of lease intangibles, above-market lease assets and below-market lease liabilities for the year ended June 30, 2026, were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z46962a2bddae48efa147b82b42885845" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,902,449</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>130,646</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(292,291</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">Our amortization of lease intangibles, above-market lease assets and below-market lease liabilities for the year ended June 30, 2025, were as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zfa4a2918248142a9b57f0e6fab72b64d" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> <div style="text-align: center;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Lease Intangibles</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Above-Market<br/> Lease Assets</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Below-Market<br/> Lease Liabilities</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,530,128</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>204,116</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(748,219</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> 1902449 130646 -292291 3530128 204116 -748219 <div style="text-align: justify; color: #000000;">The following table provides the projected amortization expense and adjustments to revenue from tenants for intangible assets and liabilities for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zeb97229ad71a4952b9528062fa8b86fa" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> 2027</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2028</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2029</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2030</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2031</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Thereafter</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>In-place leases, to be included in amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>882,505</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>571,431</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>430,973</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>347,449</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>217,135</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>423,708</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Above-market lease intangibles</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>63,822</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>36,119</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>30,827</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>24,388</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,354</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Below-market lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(126,032</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(42,126</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(31,299</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(6,829</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(6,026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(8,695</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(62,210</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(6,007</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(472</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17,559</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(2,672</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(8,695</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> 882505 571431 430973 347449 217135 423708 63822 36119 30827 24388 3354 0 -126032 -42126 -31299 -6829 -6026 -8695 -62210 -6007 -472 17559 -2672 -8695 <div style="color: #000000; font-weight: bold;">NOTE 4 – INVESTMENTS</div> <div> </div> <div style="text-align: justify; color: #000000;">The following table summarizes the composition of our equity method investments with fair value option election and other equity securities at fair value as of June 30, 2026 and 2025. On the consolidated balance sheets, these investments are reflected in two separate lines: (i) investments at fair value, which are classified as equity securities under ASC Topic 321, and (ii) equity method investments with fair value option election.</div> <div> </div> <table cellpadding="0" class="cfttable" id="z7da84899a2ee42d8ab46139af2694fbd" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Fair Value</div> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Fair Value</div> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>GP Interests (Equity method investment with fair value option election)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>LP Interests (Equity method investment with fair value option election)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2026, we realized a total net gain of $24,302 from nine investment liquidations and disposals (Highlands REIT, Inc., Starwood Real Estate Income Trust, Inc. – Class S, Starwood Real Estate Income Trust, Inc. – Class I, SmartStop Self Storage REIT, Inc. – Class A, SmartStop Self Storage REIT, Inc. – Class A sold short, SmartStop Self Storage REIT, Inc. – Class T, National Healthcare Properties, Inc., CNL Healthcare Properties, Inc. and Sonida Senior Living, Inc.).</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2025, we realized a total net gain of $132,434 from four investment liquidations and disposals (Blackstone Real Estate Income Trust, Inc., Highlands REIT, Inc., National Healthcare Properties, Inc., and 5210 Fountaingate, LP).</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The following table presents fair value measurements of our investments as of June 30, 2026 and 2025, according to the fair value hierarchy:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z30c07a00ebd74a56a83ac5617c7ab4f1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="14" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level I</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level II</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level III</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table><table cellpadding="0" class="cfttable" id="z34c2e9118b5046f58af91bbc2f5260b6" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="14" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level I</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level II</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level III</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">The following is a reconciliation of the beginning and ending balances for investments measured at fair value on a recurring basis using significant unobservable inputs (Level III of the fair value hierarchy) for the year ended June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze8ce3c4ab3a148928f85fe5291c6a510" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Balance at July 1, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Purchases of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,365,814</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfers to Level I</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(1,081,429</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Proceeds from sales of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>(1,700,532</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net realized loss from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(775,160</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Net unrealized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,213,621</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Ending balance at June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">The transfers of $1,081,429 from Level III to Level I category during the year ended June 30, 2026 resulted from one of the Company’s investments converting from a non-traded company to a publicly traded company and one of the Company’s investments merging with a publicly traded company, survived by the latter. Transfers are assumed to have occurred at the beginning of the year.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">For the year ended June 30, 2026, net <span style="-sec-ix-hidden: hidden-fact-5">change in unrealized gains</span> included in earnings relating to Level III investments still held at June 30, 2026 were $1,213,621.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The following is a reconciliation of the beginning and ending balances for investments measured at fair value on a recurring basis using significant unobservable inputs (Level III of the fair value hierarchy) for the year ended June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z2f48b43afe7b4a1d83183022428b96ce" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Balance at July 1, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,044,430</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Purchases of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,383,597</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfer to Investments in Real Estate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(2,627,725</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Proceeds from sales of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(962,721</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net realized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>132,434</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Net unrealized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(95,036</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Ending balance at June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">For the year ended June 30, 2025, net <span style="-sec-ix-hidden: hidden-fact-6">change in unrealized losses</span> included in earnings relating to Level III investments still held at June 30, 2025 were $2,680,923.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The following table shows quantitative information about significant unobservable inputs related to the Level III fair value measurements used at June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6ec0c5102fe5460eb36039aae3b79bde" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Primary Valuation</div> <div style="text-align: center; color: #000000; font-weight: bold;">Techniques</div> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Unobservable Inputs Used</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Range</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Weighted Average</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Market Activity</div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Secondary market industry publication</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Estimated Liquidation Value</div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Sponsor provided value</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Direct Capitalization Method</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Capitalization rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Discounted Cash Flow</div> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.3</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.3</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: #000000;">The following table shows quantitative information about significant unobservable inputs related to the Level III fair value measurements used at June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z397233e126ca4b1a9bdd238bb5a99072" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Primary Valuation</div> <div style="text-align: center; color: #000000; font-weight: bold;">Techniques</div> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Unobservable Inputs Used</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Range</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Weighted Average</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Market Activity</div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Acquisition cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Security sales</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Secondary market industry publication</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Estimated Liquidation Value</div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Sponsor provided value</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div>Direct Capitalization Method</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div>Capitalization rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.3% - 6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.4</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.8% - 7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.9</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Discounted Cash Flow</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">200,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Market Activity</div> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px;" valign="bottom"> <div>Acquisition cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; font-weight: bold;">Summarized Financial Statements for Equity Method Investments (Fair Value Option)</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Our investments in securities are generally in small and mid-sized companies in a variety of industries. In accordance with the Rule 8-03(b)(3) of Regulation S-X applicable for smaller reporting companies, we must determine which of our equity method investments measured at fair value under the Fair Value Option are considered “significant”, if any. Regulation S-X mandates the use of three different tests to determine if any of our investments are considered significant investments: the investment test, the asset test, and the income test. The rule requires summarized financial statements for any significant equity method investments in an annual and interim report if any of the three tests exceed 20%.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In addition to the SEC rules, ASC 323-10-50-3(c) requires summarized financial statements of our equity method investments, including those reported under the fair value option, if they are material individually or in aggregate.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">None of our equity method investments accounted under the fair value option were determined to be individually significant under any of the tests as of June 30, 2026. Furthermore, our equity method investments accounted under the fair value option in aggregate were not material as of June 30, 2026.</div> <div><br/> </div> <div style="text-align: justify; font-weight: bold;">Unconsolidated Significant Subsidiaries</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In accordance with SEC Rules 3-09 and 4-08(g) of Regulation S-X, we must determine which of our investments in securities are considered “significant subsidiaries”, if any. Regulation S-X mandates the use of three different tests to determine if any of our controlled investments are significant subsidiaries: the investment test, the asset test, and the income test. Rule 3-09 of Regulation S-X requires separate audited financial statements for any unconsolidated majority-owned subsidiary in an annual report if any of the three tests exceed 20%. Rule 4-08(g) of Regulation S-X requires summarized financial information in an annual report if any of the three tests exceeds 10%.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As of June 30, 2026 and 2025, none of our investments in securities were considered unconsolidated significant subsidiaries under the SEC rules described above.</div> <div style="text-align: justify; color: #000000;">The following table summarizes the composition of our equity method investments with fair value option election and other equity securities at fair value as of June 30, 2026 and 2025. On the consolidated balance sheets, these investments are reflected in two separate lines: (i) investments at fair value, which are classified as equity securities under ASC Topic 321, and (ii) equity method investments with fair value option election.</div> <div> </div> <table cellpadding="0" class="cfttable" id="z7da84899a2ee42d8ab46139af2694fbd" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Fair Value</div> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Fair Value</div> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom">  </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>GP Interests (Equity method investment with fair value option election)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>LP Interests (Equity method investment with fair value option election)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2550146 1749528 1606887 1213711 740260 911740 4897293 3874979 24302 132434 <div style="text-align: justify; color: #000000;">The following table presents fair value measurements of our investments as of June 30, 2026 and 2025, according to the fair value hierarchy:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z30c07a00ebd74a56a83ac5617c7ab4f1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="14" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level I</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level II</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level III</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table><table cellpadding="0" class="cfttable" id="z34c2e9118b5046f58af91bbc2f5260b6" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="14" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Asset Type</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level I</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level II</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Level III</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>911,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Total</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2550146 0 0 2550146 1606887 0 0 1606887 740260 0 0 740260 4897293 0 0 4897293 1749528 0 0 1749528 1213711 0 0 1213711 911740 0 0 911740 3874979 0 0 3874979 <div style="text-align: justify; color: #000000;">The following is a reconciliation of the beginning and ending balances for investments measured at fair value on a recurring basis using significant unobservable inputs (Level III of the fair value hierarchy) for the year ended June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze8ce3c4ab3a148928f85fe5291c6a510" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Balance at July 1, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Purchases of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,365,814</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfers to Level I</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(1,081,429</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Proceeds from sales of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>(1,700,532</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net realized loss from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(775,160</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Net unrealized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,213,621</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Ending balance at June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: #000000;">The following is a reconciliation of the beginning and ending balances for investments measured at fair value on a recurring basis using significant unobservable inputs (Level III of the fair value hierarchy) for the year ended June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z2f48b43afe7b4a1d83183022428b96ce" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Balance at July 1, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,044,430</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Purchases of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,383,597</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfer to Investments in Real Estate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(2,627,725</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>Proceeds from sales of investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(962,721</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net realized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>132,434</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Net unrealized gain from investments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(95,036</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Ending balance at June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 3874979 3365814 1081429 -1700532 -775160 1213621 4897293 1081429 1213621 6044430 1383597 2627725 -962721 132434 -95036 3874979 -2680923 <div style="text-align: justify; color: #000000;">The following table shows quantitative information about significant unobservable inputs related to the Level III fair value measurements used at June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6ec0c5102fe5460eb36039aae3b79bde" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Primary Valuation</div> <div style="text-align: center; color: #000000; font-weight: bold;">Techniques</div> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Unobservable Inputs Used</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Range</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Weighted Average</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">2,550,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="color: rgb(0, 0, 0);">Market Activity</div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Secondary market industry publication</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Estimated Liquidation Value</div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Sponsor provided value</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,606,887</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Direct Capitalization Method</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Capitalization rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Discounted Cash Flow</div> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.3</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.3</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">4,897,293</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: #000000;">The following table shows quantitative information about significant unobservable inputs related to the Level III fair value measurements used at June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z397233e126ca4b1a9bdd238bb5a99072" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Asset Type</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> Fair Value</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Primary Valuation</div> <div style="text-align: center; color: #000000; font-weight: bold;">Techniques</div> </td> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Unobservable Inputs Used</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Range</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Weighted Average</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Non Traded Companies</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,749,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Market Activity</div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Acquisition cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Security sales</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div>Secondary market industry publication</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">Estimated Liquidation Value</div> </td> <td style="vertical-align: top;" valign="bottom"> <div>Sponsor provided value</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">GP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">1,213,711</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div>Direct Capitalization Method</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div>Capitalization rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.3% - 6.5</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.4</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">   </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.8% - 7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">6.9</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Discounted Cash Flow</div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; background-color: #CCEEFF;" valign="bottom"> <div>Discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">7.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">%</div> </td> </tr> <tr> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">LP Interests</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: #000000;">200,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Market Activity</div> </td> <td style="vertical-align: top; width: 21.3333%; padding-bottom: 2px;" valign="bottom"> <div>Acquisition cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">3,874,979</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;"> </div> </td> <td style="vertical-align: top; width: 21.333333333333333333333333333%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2550146 1606887 0.065 0.065 0.075 0.075 740260 0.073 0.073 4897293 1749528 1213711 0.063 0.065 0.064 0.068 0.07 0.069 711740 0.07 0.07 200000 3874979 <div style="color: #000000; font-weight: bold;">NOTE 5 – HELD FOR SALE</div> <div><br/> </div> <div style="text-align: justify; font-weight: bold;">Assets and Liabilities Held for Sale</div> <div><br/> </div> <div style="text-align: justify;"> <div>In October 2025, we listed Woodland Corporate Center Two for sale and determined that the criteria to be classified as held for sale had been met, which requires us to present the related assets and liabilities as separate line items in our consolidated balance sheets. We recorded these assets and liabilities at the lesser of the carrying value or fair value less costs to sell. During the year ended June 30, 2026, we recorded an impairment loss on assets held for sale of $1,687,783 on Woodland Corporate Center Two, which was our only asset held for sale. During the year ended June 30, 2025, we did not record any impairment loss on assets held for sale.</div> </div><div style="color: #000000;">The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheets:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6f100a78ef1a4c18817d496368262808" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: middle; padding-left: 27pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> <div>Real estate assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Land</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,840,468</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,840,468</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Building, fixtures and improvements</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>10,329,473</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>10,290,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Intangible lease assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,400,884</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,328,236</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt;">Less: accumulated depreciation</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(1,066,212</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(947,707</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 36pt;">  accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(797,578</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(752,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 27pt;">Total real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>11,707,035</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>11,759,760</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cash and cash equivalents</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>88,536</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>160,722</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Investments income, rents and other receivables</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>134,801</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>45,897</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Prepaid expenses and other assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,918</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,978</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Allowance for impairment on assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(1,687,783</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,256,507</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,975,357</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; padding-left: 27pt; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Deferred rent and other liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>97,441</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>87,302</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>307,318</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>355,870</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Accounts payable and accrued liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>85,414</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>48,234</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Below-market lease liabilities, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>162,101</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>173,171</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>652,274</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>664,577</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 1687783 0 <div style="color: #000000;">The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheets:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6f100a78ef1a4c18817d496368262808" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: middle; padding-left: 27pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> <div>Real estate assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Land</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,840,468</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,840,468</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Building, fixtures and improvements</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>10,329,473</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>10,290,843</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Intangible lease assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,400,884</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,328,236</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt;">Less: accumulated depreciation</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(1,066,212</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(947,707</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 36pt;">  accumulated amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(797,578</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(752,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 27pt;">Total real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>11,707,035</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>11,759,760</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Cash and cash equivalents</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>88,536</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>160,722</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Investments income, rents and other receivables</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>134,801</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>45,897</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Prepaid expenses and other assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,918</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,978</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Allowance for impairment on assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(1,687,783</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,256,507</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,975,357</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; padding-left: 27pt; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Deferred rent and other liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>97,441</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>87,302</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>307,318</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>355,870</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; white-space: nowrap;" valign="bottom"> <div>Accounts payable and accrued liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>85,414</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>48,234</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Below-market lease liabilities, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>162,101</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>173,171</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 76%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>652,274</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>664,577</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 1840468 1840468 10329473 10290843 1400884 1328236 -1066212 -947707 -797578 -752080 11707035 11759760 88536 160722 134801 45897 13918 8978 -1687783 0 10256507 11975357 97441 87302 307318 355870 85414 48234 162101 173171 652274 664577 <div style="color: #000000; font-weight: bold;">NOTE 6 – LEASES</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-style: italic;">Lessee Arrangements</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As discussed in Note 2, we acquired six partnerships which had solar equipment leases in place. We reassessed the leases as of the acquisition date and recorded them as finance leases in accordance with ASC 842. Our leases have remaining terms of 2.17 to 6.75 years. Right-of-use assets and lease liabilities by lease type, and the associated balance sheet classifications, are as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z4d53aa7d62d443d780da360905aa7c3b" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-left: 14%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><br/> </div> </td> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Balance Sheet Classification</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Right-of-use assets:</div> </td> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Finance leases</div> </td> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div><span style="-sec-ix-hidden: hidden-fact-7"><span style="-sec-ix-hidden: hidden-fact-8">Real estate assets, net</span></span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,138,697</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,587,825</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Lease liabilities:</div> </td> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div>Finance leases</div> </td> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div>Finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,672,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,898,005</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">We have included these leases in <span style="-sec-ix-hidden: hidden-fact-9"><span style="-sec-ix-hidden: hidden-fact-10">real estate assets</span></span>, net as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc6ccca40453646b3b04ae1c60a2527a0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> June 30 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Building, fixtures and improvements</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,165,738</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,165,738</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated depreciation</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(1,027,041</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(577,913</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,138,697</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,587,825</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="color: #000000; font-style: italic;">Lease Expense</div> <div><br/> </div> <div style="color: #000000;">The components of total lease cost were as follows for the years ended June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zcb30a95568b44e14ad895dffdf2f4821" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Finance lease cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Right-of-use asset amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>467,778</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>495,079</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>104,942</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>114,723</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt;">Total lease cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>572,720</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>609,802</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="color: #000000; font-style: italic;">Lease Obligations</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Future undiscounted lease payments for finance leases with initial terms of one year or more are as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z10d2308ad6184558abe42926995200df" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Finance Leases</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>320,919</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>328,691</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>489,729</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>428,598</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>89,831</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>257,640</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total undiscounted lease payments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,915,408</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Less: Imputed interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(242,880</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,672,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="color: #000000; font-style: italic;">Supplemental Lease Information</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z13504c64b93a4806af0585e8f437cab6" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Finance lease weighted average remaining lease term (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom;" valign="bottom"> <div style="text-align: right;"> 4.32 years</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom;" valign="bottom"> <div style="text-align: right;"> 5.32 years</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>Finance lease weighted average discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>5.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>5.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>%</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div> <div>Cash paid for amounts included in the measurement of lease liabilities Financing cash flows from finance leases</div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>274,028</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>234,109</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Right-of-use assets obtained in exchange for new finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>600,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 6 P2Y2M1D P6Y9M Right-of-use assets and lease liabilities by lease type, and the associated balance sheet classifications, are as follows:<table cellpadding="0" class="cfttable" id="z4d53aa7d62d443d780da360905aa7c3b" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-left: 14%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><br/> </div> </td> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Balance Sheet Classification</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Right-of-use assets:</div> </td> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Finance leases</div> </td> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div><span style="-sec-ix-hidden: hidden-fact-7"><span style="-sec-ix-hidden: hidden-fact-8">Real estate assets, net</span></span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,138,697</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,587,825</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Lease liabilities:</div> </td> <td style="vertical-align: bottom; width: 38%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div>Finance leases</div> </td> <td style="vertical-align: bottom; width: 38%; white-space: nowrap;" valign="bottom"> <div>Finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,672,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,898,005</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="text-align: justify;"><span style="font-size: 12pt; color: #000000;"> </span><br/> </div> <div style="text-align: justify; color: #000000;">We have included these leases in <span style="-sec-ix-hidden: hidden-fact-9"><span style="-sec-ix-hidden: hidden-fact-10">real estate assets</span></span>, net as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc6ccca40453646b3b04ae1c60a2527a0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> June 30 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Building, fixtures and improvements</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,165,738</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,165,738</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Accumulated depreciation</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(1,027,041</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(577,913</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,138,697</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,587,825</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 1138697 1587825 1672528 1898005 2165738 2165738 1027041 577913 1138697 1587825 <div style="color: #000000;">The components of total lease cost were as follows for the years ended June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zcb30a95568b44e14ad895dffdf2f4821" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Finance lease cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Right-of-use asset amortization</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>467,778</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>495,079</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>104,942</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>114,723</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt;">Total lease cost</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>572,720</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>609,802</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 467778 495079 104942 114723 572720 609802 <div style="text-align: justify; color: #000000;">Future undiscounted lease payments for finance leases with initial terms of one year or more are as follows:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z10d2308ad6184558abe42926995200df" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: #000000 2px solid; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Finance Leases</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>320,919</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>328,691</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>489,729</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>428,598</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>89,831</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div>257,640</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total undiscounted lease payments</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,915,408</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Less: Imputed interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(242,880</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,672,528</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 320919 328691 489729 428598 89831 257640 1915408 242880 1672528 <div style="color: #000000; font-style: italic;">Supplemental Lease Information</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z13504c64b93a4806af0585e8f437cab6" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div>Finance lease weighted average remaining lease term (years)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom;" valign="bottom"> <div style="text-align: right;"> 4.32 years</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom;" valign="bottom"> <div style="text-align: right;"> 5.32 years</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>Finance lease weighted average discount rate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>5.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>%</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>5.0</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>%</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div> <div>Cash paid for amounts included in the measurement of lease liabilities Financing cash flows from finance leases</div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>274,028</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>234,109</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Right-of-use assets obtained in exchange for new finance lease liabilities</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>600,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> P4Y3M25D P5Y3M25D 0.05 0.05 274028 234109 0 600000 <div style="color: #000000; font-weight: bold;">NOTE 7 – VARIABLE INTEREST ENTITIES</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">A variable interest in a variable interest entity (“VIE”) is an investment or other interest that will absorb portions of the VIE’s expected losses and/or receive portions of the VIE’s expected residual returns. Our variable interests in VIEs include limited partnership interests. VIEs sometimes finance the purchase of assets by issuing limited partnership interests that are either collateralized by or indexed to the assets held by the VIE.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">The enterprise with a controlling financial interest in a VIE is known as the primary beneficiary and consolidates the VIE. We determine whether we are the primary beneficiary of a VIE by performing an analysis that principally considers: (a) which variable interest holder has the power to direct activities of the VIE that most significantly impact the VIE’s economic performance; (b) which variable interest holder has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE; (c) the VIE’s purpose and design, including the risks the VIE was designed to create and pass through to its variable interest holders; (d) the VIE’s capital structure; (e) the terms between the VIE and its variable interest holders and other parties involved with the VIE; and (f) related-party relationships. We reassess our evaluation of whether an entity is a VIE when certain reconsideration events occur. We reassess our determination of whether we are the primary beneficiary of a VIE on an ongoing basis based on current facts and circumstances.</div><div style="color: #000000;"><span style="text-decoration:underline">Nonconsolidated VIEs</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As of June 30, 2026 and 2025, we had one investment in a limited liability company that is a VIE. We determined that the Company is not the primary beneficiary of this entity because the managing member of this VIE has the power to direct the activities that most significantly affect the VIE’s economic performance. Accordingly, this VIE was not consolidated, and this is reported as equity method investments at fair value in the June 30, 2026 and 2025 consolidated balance sheets.</div> <div><br/> </div> <div style="color: #000000;">The table below presents a summary of the nonconsolidated VIE in which we hold variable interests:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbdc09ddb62d846e89d798996f8492489" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000; font-weight: bold;"><span style="text-decoration:underline">Total Nonconsolidated VIEs</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Fair value of investments in VIEs</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>Carrying value of variable interests - assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Maximum Exposure to Loss:</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>Limited Partnership Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">Our exposure to the obligations of VIEs is generally limited to the carrying value of the limited partnership interests in these entities.</div> 1 1 <div style="color: #000000;">The table below presents a summary of the nonconsolidated VIE in which we hold variable interests:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbdc09ddb62d846e89d798996f8492489" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: #000000; font-weight: bold;"><span style="text-decoration:underline">Total Nonconsolidated VIEs</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">As of June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">As of June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Fair value of investments in VIEs</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>740,260</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>711,740</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>Carrying value of variable interests - assets</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Maximum Exposure to Loss:</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 76%; white-space: nowrap;" valign="bottom"> <div>Limited Partnership Interest</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>861,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 740260 711740 861710 861710 861710 861710 <div style="text-align: justify; color: #000000; font-weight: bold;">NOTE 8 – RELATED PARTY TRANSACTIONS</div> <div style="text-align: justify;"><br/> </div> <div style="text-align: justify; color: #000000; font-weight: bold;">Advisory Agreements Effective January 1, 2021:</div> <div> </div> <div style="text-align: justify; color: #000000;">As discussed in Note 1, on January 26, 2021, our Board of Directors approved, effective January 1, 2021, two advisory agreements, an Advisory Management Agreement with the Real Estate Adviser and the Amended and Restated Investment Advisory Agreement with the Investment Adviser.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">The terms of the Advisory Management Agreement with the Real Estate Adviser</span>, prior <span style="color: #000000;">to </span>its amendment effective January 1, 2026, provided that <span style="color: #000000;">we </span>would pay an Asset Management Fee <span style="color: #000000;">based upon a percentage of invested capital (3% of the first $20 million, 2% of the next $80 million, and 1.50% over $100 million). Invested capital </span>was<span style="color: #000000;"> equal to the amount calculated by multiplying the total number of outstanding shares of common stock, shares of preferred stock, and the partnership units (units in our operating partnership issued by us and held by persons other than us) issued by us by the price paid for each</span>,<span style="color: #000000;"> or the value ascribed to each in connection with their issuance. The Advisory Management Agreement also </span>provided<span style="color: #000000;"> for a 2.50% Acquisition Fee on new (non-security) purchases, subject to certain limitations designed to eliminate incentives to “churn” our assets</span>, and <span style="color: #000000;">for an incentive management fee equal to 15% of all distributions once shareholders </span>had<span style="color: #000000;"> received cumulative distributions equal to 6% from the effective date of the </span>Advisory Management <span style="color: #000000;">Agreement.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">The Investment Adviser will receive an annual fee equal to $100 for providing the investment advice to us as to our securities portfolio under the Amended and Restated Investment Advisory Agreement.</div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">The asset management fees </span>incurred for the period from July 1, 2025 through <span style="color: #000000;">December 31, 2025 under the </span>prior Advisory Management Agreement <span style="color: #000000;">effective January 1, 2021 were calculated based on quarter-end invested capital, segregated into the three categories presented below.</span></div> </div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z3b7f43aae4f24fe9a197b2e606a11575" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Asset Management Fee Annual %</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">3.00%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2.00%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">1.50%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Total Invested Capital</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Quarter ended:</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>90,460,712</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>190,460,712</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>91,413,218</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>191,413,218</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: bottom; width: 52%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> </table> <table cellpadding="0" class="cfttable" id="z63fd6ef49a31441d80d7236bca26ee7c" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Quarter ended:</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>81,925,868</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>181,925,868</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>82,656,576</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>182,656,576</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>84,816,443</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>184,816,443</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>87,749,115</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>187,749,115</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: #000000; font-weight: bold;">Advisory Agreements Effective January 1, 2026:</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">On December 29, 2025, the Board of Directors of the Company unanimously approved, effective January 1, 2026, an amendment to the Advisory Management Agreement with the Real Estate Adviser.</div> <div><br/> </div> <div style="text-align: justify;">The amended Advisory Management Agreement requires the Company to pay a base management fee equal to 1.25% per annum of its gross assets under management, not including depreciation and amortization. The base management fee is paid monthly based on the assets under management for the quarter ending as reported in the most recently filed quarterly report. The amended Advisory Management Agreement also calls for a bonus management fee equal to 5% of adjusted funds from operations each quarter. The bonus fee replaces any incentive fee, acquisition fee, financing fee, or disposition fee. The amended agreement contains a rolling renewal provision that reinstates a five-year term at the beginning of each calendar year unless the Company provides notice of non-renewal. If the Company terminates the agreement prior to expiration for other than cause, the Company must pay a substantial early termination fee.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">The </span>base<span style="color: #000000;"> management fee for the six months ended June 30, 2026 was calculated based on gross assets under management</span> (<span style="color: #000000;">excluding depreciation and amortization</span>)<span style="color: #000000;"> of approximately $257.30 million as of June 30, 2026. During the years ended June 30, 2026 and 2025, we incurred asset management fees </span>or base management fees <span style="color: #000000;">of $3,389,022 and $3,449,487, respectively.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2026, we incurred bonus management fees of $26,876 under the new Advisory Management Agreement. During the year ended June 30, 2025, we did not incur or accrue any incentive management fee under the prior Advisory Management Agreement.</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-weight: bold;">Property Management and Leasing Services:</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">When we acquired the Wiseman Properties on May 6, 2022, our Real Estate Adviser’s newly formed wholly owned subsidiary − Wiseman Company Management, LLC, which is now known as Wiseman Commercial, Inc. (“Wiseman Commercial”) − purchased the property management and leasing services rights from Wiseman. As a result, effective as of the acquisition date, Wiseman Commercial has been providing property management and leasing services to the Wiseman Partnerships under the pre-existing agreements. Since the acquisition of these service rights, there have been no changes to the terms of the management services agreements with these limited partnerships. In addition, Wiseman Commercial also provides the property management and leasing services to 220 Campus Lane under a similar term as the Wiseman Partnerships.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2026, these Wiseman Commercial managed limited partnerships paid total property management fees of $572,749 and total leasing commissions of $791,805 to Wiseman Commercial. In addition, during the year ended June 30, 2026, nine of the limited partnerships also paid $2,167,985 to Wiseman Commercial for direct operating costs and construction of tenant improvements.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2025, these Wiseman Commercial managed limited partnerships paid total property management fees of $663,427 and total leasing commissions of $529,836 to Wiseman Commercial. In addition, during the year ended June 30, 2025, nine of the limited partnerships also paid $1,246,476 to Wiseman Commercial for direct operating costs and construction of tenant improvements.</div> <div><br/> </div> <div style="color: #000000; font-weight: bold;">Organization and Offering Costs Reimbursement:</div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;">Under our Offering Circular, which the SEC qualified on November 21, 2025, offering costs incurred and paid by us in excess of $825,000 (excluding legal fees) in connection with the preferred stock offering are reimbursable by the Advisers. If broker fees of 10% are not incurred during the issuance of the preferred stock, the resulting savings may be applied to marketing expenses or other non-cash compensation. In such cases, the broker fee savings increase the reimbursement threshold from the Advisers. As of June 30, 2026, we had incurred total offering costs of $479,392 (excluding legal fees), of which $445,392 was paid by MacKenzie on our behalf in connection with the preferred stock offering. As of June 30, 2025, we had incurred total offering costs of $61,023 (excluding legal fees), of which $44,023 was paid by MacKenzie on our behalf in connection with the offering. The total offering costs incurred were below the reimbursable threshold as of June 30, 2026 and 2025.</div> </div><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Administration Agreement:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Under the Administration Agreement, we reimburse MacKenzie for its allocable portion of overhead and other expenses it incurs in performing its obligations under the Administration Agreement, including furnishing us with office facilities, equipment and clerical, bookkeeping and record keeping services at such facilities, as well as providing us with other administrative services, subject to the independent directors’ approval. In addition, we reimburse MacKenzie for the fees and expenses associated with performing compliance functions, and its allocable portion of the compensation of our Chief Financial Officer, Chief Compliance Officer, Director of Accounting and Financial Reporting, and any administrative support staff.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Since November 1, 2018, MacKenzie has provided transfer agent services, with the out-of-pocket costs incurred by MacKenzie being reimbursed by us. No fee (only cost reimbursement) is paid to MacKenzie for this service. Effective March 5, 2024, to comply with Nasdaq listing requirements, we hired Securities Transfer Corporation, a third-party transfer agent, to provide these services for our common and Series B preferred stock. However, effective September 30, 2024, Computershare Inc., another third-party transfer agent, took over as transfer agent for our common stock.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The administrative cost reimbursements for the years ended June 30, 2026 and 2025 were $881,000 and $669,855, respectively. During the year ended June 30, 2026, we did not incur any transfer agent services cost reimbursements. The transfer agent services cost reimbursement for the year ended June 30, 2025 was $6,145.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">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.</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbcd05f3bad1b4f3bb9629b79b202c7c6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year ended</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Unpaid as of</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Types and Recipient</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Asset management fees - the Real Estate Adviser</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,389,022</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,449,487</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,611,895</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div>Bonus management fees - the Real Estate Adviser</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Administrative cost reimbursements - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>881,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>669,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Asset acquisition fees - the Real Estate Adviser <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>292,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfer agent cost reimbursements - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,145</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div>Organization &amp; Offering Cost <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup> - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>401,369</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>49,680</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>451,049</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>49,680</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Other expenses <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3) </sup>- MacKenzie and Subsidiary’s GPs</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>107,803</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>118,084</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Due to related entities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>2,197,623</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>167,764</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>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.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2) </sup>Offering costs paid by MacKenzie - discussed in this Note under organization and offering costs reimbursements.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3) </sup>Expenses paid by MacKenzie and General Partner of a subsidiary on behalf of us and subsidiary.</div> 2 0.03 20000000 0.02 80000000 0.015 100000000 0.025 0.15 0.06 100 <div style="text-align: justify; color: #000000;"> <div><span style="color: #000000;">The asset management fees </span>incurred for the period from July 1, 2025 through <span style="color: #000000;">December 31, 2025 under the </span>prior Advisory Management Agreement <span style="color: #000000;">effective January 1, 2021 were calculated based on quarter-end invested capital, segregated into the three categories presented below.</span></div> </div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z3b7f43aae4f24fe9a197b2e606a11575" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Asset Management Fee Annual %</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">3.00%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2.00%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">1.50%</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> Total Invested Capital</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Quarter ended:</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>90,460,712</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>190,460,712</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>91,413,218</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>191,413,218</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: bottom; width: 52%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> </table> <table cellpadding="0" class="cfttable" id="z63fd6ef49a31441d80d7236bca26ee7c" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">Quarter ended:</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>81,925,868</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>181,925,868</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>82,656,576</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>182,656,576</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>84,816,443</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>184,816,443</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 52%; white-space: nowrap;" valign="bottom"> <div>June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>20,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>80,000,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>87,749,115</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>187,749,115</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 20000000 80000000 90460712 190460712 20000000 80000000 91413218 191413218 20000000 80000000 81925868 181925868 20000000 80000000 82656576 182656576 20000000 80000000 84816443 184816443 20000000 80000000 87749115 187749115 0.0125 0.05 P5Y 257300000 3389022 3449487 26876 0 572749 791805 9 2167985 663427 529836 9 1246476 825000 0.10 479392 445392 61023 44023 881000 669855 6145 <div style="text-align: justify; color: rgb(0, 0, 0);">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.</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbcd05f3bad1b4f3bb9629b79b202c7c6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year ended</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Unpaid as of</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Types and Recipient</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Asset management fees - the Real Estate Adviser</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,389,022</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,449,487</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,611,895</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div>Bonus management fees - the Real Estate Adviser</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Administrative cost reimbursements - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>881,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>669,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Asset acquisition fees - the Real Estate Adviser <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>292,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Transfer agent cost reimbursements - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,145</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; white-space: nowrap;" valign="bottom"> <div>Organization &amp; Offering Cost <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup> - MacKenzie</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>401,369</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>49,680</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>451,049</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>49,680</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Other expenses <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3) </sup>- MacKenzie and Subsidiary’s GPs</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>107,803</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>118,084</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 52%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>Due to related entities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>2,197,623</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>167,764</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>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.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2) </sup>Offering costs paid by MacKenzie - discussed in this Note under organization and offering costs reimbursements.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3) </sup>Expenses paid by MacKenzie and General Partner of a subsidiary on behalf of us and subsidiary.</div> 3389022 3449487 1611895 0 26876 0 26876 0 881000 669855 0 0 0 292000 0 0 0 6145 0 0 401369 49680 451049 49680 0 0 107803 118084 2197623 167764 <div style="margin-right: 1.5pt; margin-left: 1.5pt; margin-top: 0.1pt; color: rgb(0, 0, 0); font-weight: bold;">NOTE 9 – MARGIN LOANS</div> <div><br/> </div> <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; margin-bottom: 0.1pt; color: rgb(0, 0, 0);">We have a brokerage account through which we buy and sell publicly traded securities. The provisions of the account allow us to borrow on certain securities held in the account and to purchase additional securities based on the account equity (including cash). Amounts borrowed are collateralized by the securities held in the account and bear interest at a negotiated rate payable monthly. Securities pledged to secure margin balances cannot be specifically identified as a portion of all securities held in a brokerage account are used as collateral. As of June 30, 2026 and 2025, we had no margin credit available for cash withdrawal or the ability to purchase additional securities. Accordingly, as of June 30, 2026 and 2025, there was no amount outstanding under this short-term credit line.</div> 0 0 0 0 0 0 <div style="margin-right: 6.3pt; margin-top: 0.1pt; margin-bottom: 0.1pt; font-weight: bold;">NOTE 10 – MORTGAGE NOTES PAYABLE, NOTES PAYABLE AND DEBT GUARANTY</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Madison and PVT Notes Payable</div> <div><br/> </div> <div style="text-align: justify;"> <div><span style="color: #000000;">On February 26, 2021, Madison and PVT obtained mortgage loans from First Republic Bank in the amounts of $6,737,500 and $8,387,500, respectively, both at a fixed interest rate of 3% per annum through April 1, 2026. Effective May 1, 2026, interest rates are based on the average of the twelve most recently published yields on U.S. Treasury securities adjusted to a constant maturity of one year as published by the Federal Reserve System in the Statistical Release H.15 plus 2.75% per annum. The loans were obtained to finance the acquisition of Commodore Apartments and The Park View Apartments, which are located in Oakland, California. The loans mature </span>on April 1, 2031 and <span style="color: #000000;">are cross-collateralized by both properties owned by Madison and PVT. The loans require interest-only monthly payments through April 1, 2026, and beginning May 1, 2026, monthly payments of principal and interest are due based on a 360 month amortization period. The remaining unpaid principal balance is due at the maturity date. Accordingly, as of June 30, 2026, the outstanding balances of the loans were $6,725,997 for the Madison mortgage loan and $8,373,180 for the PVT mortgage loan. As of June 30, 2025, the outstanding balances of the loans were $6,737,500 for the Madison mortgage loan and $8,387,500 for the PVT mortgage loan. The mortgage notes payable balances are disclosed as a part of mortgage notes payable, net in the consolidated balance sheets.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on Madison’s loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zdcef71e4dfaf42888d204a2953ac0ca5" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>65,185</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>69,675</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>75,847</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>81,188</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,434,102</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>6,725,997</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><span style="color: rgb(0, 0, 0);"> </span><br/> </div> <div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on PVT’s loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze680559bbe314adc9f7ac568390cd14b" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>81,149</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>86,738</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>94,422</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>101,070</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,009,801</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,373,180</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="color: rgb(0, 0, 0); font-weight: bold;">PT Hillview Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On October 4, 2021, PT Hillview entered into a loan agreement with Ladder Capital Finance in the amount of $17,500,000. The annual interest rate was equal to the greater of (i) a floating rate of interest equal to 5.50% plus LIBOR, and (ii) 5.75%. The loan was obtained to finance the acquisition of Hollywood Apartments. The loan was secured by Hollywood Apartments and has an initial maturity date of October 6, 2023, which could be extended for two successive 12-month terms. On August 14, 2023, PT Hillview exercised the first extension option to extend the term of the loan to October 6, 2024. The loan required interest-only monthly payments with the principal balance due at maturity date. Interest was due based on a 360-day amortization period. PT Hillview also entered into an interest rate cap agreement on October 4, 2021, as required by the lender. The interest rate cap agreement was revised on September 29, 2023 and it matured on February 2, 2025. We did not record the fair value and the changes in the fair value of the contract in our consolidated financial statements because the amounts were insignificant to our consolidated financial statements.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On October 3, 2024, the loan agreement was amended to include extension options with principal paydowns. PT Hillview exercised the extension options pursuant to the amended agreement and the maturity date was extended until April 6, 2025 with total principal paydown of $3,975,000.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On March 28, 2025, PT Hillview entered into a loan agreement with Wells Fargo Bank, National Association, in the amount of $11,660,000 at a fixed annual interest rate of 5.87%. The loan was obtained to refinance the prior loan with Ladder Capital Finance which matured on April 6, 2025. The new loan matures in <span style="-sec-ix-hidden: hidden-fact-11">April 2030</span>, is secured by Hollywood Apartments, and requires interest-only monthly payments with the principal balance due at maturity. The outstanding balance of the loan as of June 30, 2026 and 2025 was $11,660,000, which is disclosed as a part of mortgage notes payable, net in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">In connection with the refinancing, the <span style="-sec-ix-hidden: hidden-fact-12">Operating Partnership</span> contributed $5,683,503 to PT Hillview to fund the principal paydown, replenish reserves, and pay loan fees. Of this amount, $568,350 (10%) represented the share of the non-controlling interest holder, True USA. Accordingly, as of June 30, 2026 and 2025, this amount has been recorded as a note receivable from True USA and is included in investments, income, rents, and other receivables in the consolidated balance sheet.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">We (along with three other principals of True USA) guaranteed the “Recourse Obligations” as defined in the loan agreement, which are triggered only if the borrower of the loan engages in “Bad Boy Acts” (such as fraud, intentional misrepresentation, willful misconduct, waste, conversion, intentional failure to pay taxes or maintain insurance, filing for bankruptcy, ADA noncompliance, and environmental contamination, etc.). As of June 30, 2026, we have not recorded any guaranty obligations.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">MacKenzie Shoreline Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">On May 6, 2021, MacKenzie Shoreline entered into a loan agreement with Pacific Premier Bank, in the amount of $17,650,000. The annual interest rate under the agreement is 3.65% for the first 60 months, and a variable interest rate based on a 6-month CME Term Secured Overnight Financing Rate (“SOFR”) plus a margin of 3.00 percentage points, for months thereafter until maturity. The loan was obtained to finance the acquisition of Shoreline Apartments. The loan matures on June 1, 2032, and is secured by Shoreline Apartments. The loan requires interest-only monthly payments through June 30, 2027, and beginning July 1, 2027, monthly payments of principal and interest are due based on a 360 month amortization period. Accordingly, the outstanding balance of the loan as of June 30, 2026 and 2025, was $17,650,000, which is disclosed as a part of mortgage notes payable, net in the consolidated balance sheets.</div> </div><div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z760a58d9d2a34440812a170b5db7312d" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>163,670</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>178,825</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>191,648</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>205,390</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>16,910,467</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17,650,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">First &amp; Main Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Company assumed a $12,000,000 loan agreement with Exchange Bank at the acquisition of First &amp; Main, carrying a fixed annual interest rate of 3.75%. The loan is secured by the First &amp; Main Office Building and requires monthly principal and interest payments based on a 25-year amortization schedule. The loan had an initial maturity date of February 1, 2026; however, the lender extended the payoff deadline through April 6, 2026 to allow additional time for the refinancing to close.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On April 6, 2026, the Company entered into a loan agreement with Meriwest Credit Union, in the amount of $12,240,000 at a fixed annual interest rate of 6.25%. The loan was obtained to refinance the prior loan with Exchange Bank. The new loan matures on April 1, 2031, and is secured by First &amp; Main Office Building. The loan requires monthly payments of principal and interest of $75,340 over a period of 59 months, with the initial payment due on May 1, 2026. The final payment amounting to $11,429,491 will be due upon maturity. The loan is guaranteed by the Parent Company and the Operating Partnership.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">The outstanding balances of the loan as of June 30, 2026 and 2025, were $12,206,569 and $10,626,226, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z79a59fdcef384423af19113562009c70" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>139,066</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>152,573</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>164,469</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>175,048</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,575,413</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>12,206,569</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">First &amp; Main Other Note Payables:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Junior Debt</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, First &amp; Main had $1,000,000 in interest-only junior promissory notes outstanding, which the Company assumed. The notes were issued in 2018 and 2019 with an original maturity date of December 31, 2023, and included no prepayment penalty for early retirement. Of the total promissory notes, notes with a total principal balance of $350,000 and $100,000 were paid off as of December 31, 2023 and April 8, 2026, respectively. The maturity dates of the remaining promissory notes were extended to: December 31, 2026, for notes with a principal balance of $100,000, and December 31, 2028, for the remaining notes with a total principal balance of $450,000. Interest on the notes is payable on the first day of each month at 7% per annum. The promissory notes are disclosed as part of notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">In March 2024, the partnership obtained an additional loan with the principal amount of $200,000 in an interest-only junior promissory note. The note was issued on March 8, 2024 with a maturity date of March 31, 2025. Interest on the note is payable on the first day of each month at 8.50% per annum. The $200,000 note was repaid in full as of March 31, 2025.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Small Business Administration (“SBA”) Loan</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, First &amp; Main had an outstanding $151,000 loan from the SBA under the Economic Injury Disaster Loan program, which the Company assumed. The loan will be paid back over 30 years at an annual interest rate of 3.75% starting on December 20, 2022. Monthly payments will be $731. The outstanding balances of the loan as of June 30, 2026 and 2025 were $152,720 and $150,000, respectively, which are disclosed as part of notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Solar System Loan (First &amp; Main)</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;"> <div style="color: #000000;">As of the acquisition date, First &amp; Main had an outstanding $220,000 loan from The Wiseman Family Trust, which the Company assumed. The loan was used to finance the installation of a solar power system at the First &amp; Main Office Building. The loan will be paid back over a period of 10 years at an annual interest rate of 5%. Monthly payments of principal and interest will be $1,486. The $220,000 loan was repaid in full as of June 30, 2026. The outstanding balance of the loan as of June 30, 2025 was $143,384, which is disclosed as a part of notes payable, net in the consolidated balance sheets.</div> </div> </div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">1300 Main Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On November 4, 2024, 1300 Main entered into a loan agreement with Valley Strong Credit Union, in the amount of $8,000,000 at a fixed annual interest rate of 6.85%. The loan was obtained to refinance the prior loan from Suncrest Bank, which was originally obtained by 1300 Main under its previous ownership. The new loan matures on November 15, 2029, and is secured by a real property and the assignment of all its rental revenue. The loan requires monthly payments of principal and interest of $52,534 through maturity. The remaining unpaid principal balance is due at maturity. The note is guaranteed by the Parent Company. The outstanding balances of the loan as of June 30, 2026 and 2025 were $7,877,439 and $7,972,744, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next four years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc8a6d1cbcda44c9eb621374b6681fccb" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>93,674</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>98,823</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,283</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,577,659</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,877,439</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">1300 Main Other Notes Payable:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">SBA Loan</div> <div><br/> </div> <div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div> <div style="color: #000000;">As of the acquisition date, 1300 Main had an outstanding $150,000 loan from the SBA under the Economic Injury Disaster Loan program, which the Company assumed. The loan will be paid back over 30 years at an annual interest rate of 3.75% starting on July 11, 2023. Monthly payments will be $731. The outstanding balances of the loan as of June 30, 2026 and 2025 were $154,043 and $157,191, respectively, which are disclosed as part of notes payable, net in the consolidated balance sheets.</div> </div> </div> </div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Woodland Corporate Center Two Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">As of the acquisition date, Woodland Corporate Center Two had a loan agreement with Western Alliance Bank, in the amount of $7,500,000 at a fixed annual interest rate of 4.15%, which the Company assumed. The loan matured on October 7, 2024 and was secured by Woodland Corporate Center. The loan was guaranteed by Wiseman, but Wiseman was subsequently indemnified by the Operating Partnership on July 1, 2022.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On October 4, 2024, Woodland Corporate Center Two entered into a loan agreement with Summit Bank, in the amount of $6,000,000 at a fixed annual interest rate of 6.50%. The loan was obtained to refinance the prior loan from Western Alliance Bank which matured on October 7, 2024. The loan matures on October 5, 2027, and is secured by the real property and the assignment of all its rental revenue. The loan requires monthly payments of principal and interest of $40,873 through October 5, 2027. The remaining unpaid principal balance is due at maturity. The loan is guaranteed by the Parent Company (and Wiseman is no longer a guarantor). The outstanding balances of the loan as of June 30, 2026 and 2025 were $5,830,275 and $5,932,794, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> <div><br/> </div> <div style="color: rgb(0, 0, 0);">In October 2025, we listed the underlying property for sale as discussed in Note 5.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z85bf01532082436aab5461e9a02c0d30" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>105,650</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,724,625</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,830,275</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Main Street West Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On June 6, 2025, the Company refinanced its mortgage on the Main Street West Office Building with EverTrust Bank. The loan is secured by the Main Street West Office Building and has a principal amount of $9,500,000. It bears interest at the Wall Street Journal Prime Rate, currently 6.75% per annum, with a floor of 6.50%. Monthly payments of principal and interest are required based on a 300‑month amortization schedule, with the remaining unpaid principal balance due at maturity. The loan matures on May 30, 2028 and is guaranteed by the Parent Company.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Company also formed a wholly owned subsidiary, Innovate Napa, to enter into a master lease covering approximately 36.2% (13,806 square feet) of the rentable square feet of the Main Street West Office Building. Innovate Napa does not occupy the space; rather, the arrangement was established in connection with the refinancing of the Main Street West loan to satisfy the lender’s occupancy requirements. Lease payments from Innovate Napa to Main Street West are intercompany in nature and eliminated in consolidation. This related-party arrangement is temporary and is expected to remain in place until the space is leased to third-party tenants. In October 2025, the Company executed leases with third-party tenants for this space, and the leases commenced in December 2025 and January 2026. For the year ended June 30, 2026, rental revenue of $310,635 from Innovate Napa was eliminated in consolidation.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">The outstanding balances of the loan as of June 30, 2026 and 2025 were $9,349,746 and $9,500,000, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets. Total accrued interest on the loan as of June 30, 2026 and 2025, was $52,592 and $51,239, respectively.</div> </div><div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zadb6b90d9ff9457ca7c26b60e16a82c2" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>147,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,202,741</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,349,746</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Main Street West Other Notes Payable:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">SBA Loan</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, Main Street West had an outstanding $150,000 loan from the SBA under the Economic Injury Disaster Loan program, which the Company assumed. The loan will be paid back over 30 years at an annual interest rate of 3.75% starting on September 4, 2023. Monthly payments will be $731. The outstanding balances of the loan as of June 30, 2026 and 2025 were $154,853 and $161,300, respectively, which are disclosed as a part of notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">220 Campus Lane Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">On September 8, 2023, 220 Campus Lane borrowed $2,145,000 from Northern California Laborers Pension Fund at a fixed annual interest rate of 5%. The loan was obtained to finance the acquisition of 220 Campus Lane Office Building and the underlying parcel of land. The loan matures on September 30, 2028, and is secured by the vacant office building and the underlying parcel of land. The loan requires interest-only monthly payments of $8,938 through September 30, 2028. The remaining unpaid principal balance is due at maturity date. Accordingly, the outstanding balance of the loan as of June 30, 2026 and 2025 was $2,145,000, which is disclosed as a part of mortgage notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Consistent with asset acquisition accounting, this debt was measured at fair value. The interest rate on the debt was below the current market rates, as a result, $223,000 of the acquisition cost was allocated to debt mark-to-market. The debt mark-to-market value is amortized over the remaining loan term. The debt mark-to-market value, net of accumulated amortization as of June 30, 2026 and 2025 amounted to $97,996 and $142,596, respectively, and was netted against the total debt balance in the consolidated balance sheets.</div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Campus Lane Residential Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">On September 8, 2023, Campus Lane Residential borrowed $1,155,000 from Northern California Laborers Pension Fund at a fixed annual interest rate of 5%. The loan was obtained to finance the acquisition of a vacant parcel of land. The loan matures on September 30, 2028, and is secured by the vacant parcel of land. The loan requires interest-only monthly payments of $4,813 through September 30, 2028. The remaining unpaid principal balance is due at maturity date. The outstanding balance of the loan as of June 30, 2026 and 2025 was $1,155,000, which is disclosed as a part of mortgage notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Consistent with asset acquisition accounting, the debt acquired from the acquisition of the Campus Lane Land was measured at fair value. The interest rate on the debt was below the current market rates, as a result, $120,000 of the acquisition cost was allocated to debt mark-to-market. The debt mark-to-market value is amortized over the remaining loan term. The debt mark-to-market value, net of accumulated amortization as of June 30, 2026 and 2025, amounted to $52,733 and $76,733, respectively, and was netted against the total debt balance in the consolidated balance sheets.</div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">GVEC Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, GVEC had a $14,000,000 fixed-rate loan agreement with Columbia State Bank, which the Company assumed on January 1, 2024 from the predecessor owner. The initial interest rate is 4.25% until October 1, 2027, increasing to 5.46% thereafter. The loan matures on September 1, 2032 and is secured by the Green Valley Executive Center. The loan requires monthly payments of principal and interest based on a 30-year amortization period with the remaining principal balance due at maturity. The outstanding balances of the loan as of June 30, 2026 and 2025 were $13,082,191 and $13,346,323, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> </div><div style="text-align: justify; color: rgb(0, 0, 0);">Consistent with asset acquisition accounting, the debt assumed from the acquisition of Green Valley Executive Center was measured at fair value. The interest rate on the debt was below the current market rates, as a result, $993,000 of the acquisition cost was allocated to debt mark-to-market. The debt mark-to-market value is amortized over the remaining loan term. The debt mark-to-market value, net of accumulated amortization as of June 30, 2026 and 2025, amounted to $744,750 and $844,050, respectively, and was netted against the total debt balance in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze220c91068b84a4a806a7531e73e3a5f" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>263,737</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>250,402</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>253,672</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>268,076</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>283,299</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,763,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,082,191</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">One Harbor Center, LP Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">As of the acquisition date, One Harbor Center, LP had an $8,378,825 loan from Travis Credit Union, which the Company assumed. The loan bears interest at a fixed rate of 4.96% per annum, matures on June 1, 2028, and is secured by the property and the assignment of all rental revenue. Monthly principal and interest payments of $46,092 are required through maturity, with the remaining unpaid principal balance due at the maturity date. The outstanding balances of the loan as of June 30, 2026 and 2025 were $7,549,007 and $7,704,950, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Consistent with asset acquisition accounting, the debt assumed from the acquisition of One Harbor Center was measured at fair value. The interest rate on the debt was below the current market rates, as a result, $334,000 of the acquisition cost was allocated to debt mark-to-market. The debt mark-to-market value is amortized over the remaining loan term. The debt mark-to-market value, net of accumulated amortization as of June 30, 2026 and 2025 amounted to $161,698 and $241,222, respectively, and was netted against the total debt balance in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z1c493ab3789e44f59f0b930bd4a82cea" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>159,414</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,389,593</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,549,007</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">One Harbor Center, LP Other Notes Payable:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">SBA Loan</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, One Harbor Center, LP had a $150,000 loan from the SBA under the Economic Injury Disaster Loan program, which the Company assumed. The loan will be paid back over 30 years at an annual interest rate of 3.75% starting on February 10, 2023. The outstanding balances of the loan as of June 30, 2026 and 2025 were $152,844 and $150,000, respectively, which are disclosed as a part of notes payable, net in the consolidated balance sheets.</div> </div><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">MRC Aurora Construction Loan</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On February 21, 2024, the Company closed on a $17.15 million construction loan with Valley Strong Credit Union, headquartered in Bakersfield, California, to fund the development of Aurora at Green Valley. The loan bears interest at a variable rate equal to the Prime Rate plus 0.25% and had an initial maturity date of March 1, 2026. The Company has the option to extend the construction loan for an additional six-month period or to convert it to a conventional permanent loan. The Company exercised its extension options, and the loan was extended first through July 31, 2026 and subsequently through January 1, 2027. The monthly accrued interest is added on the outstanding loan balance. The outstanding balances of the loan as of June 30, 2026 and 2025, were $17,143,241 and $6,597,850, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">MacKenzie Satellite Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">On August 21, 2024, MacKenzie Satellite entered into a loan agreement with Summit Bank, now known as Summit Financial, in the amount of $6,000,000 at a fixed annual interest rate of 6.50%. The loan matures on August 21, 2027, and is secured by MacKenzie Satellite’s real property and the assignment of all its rental revenue. The Parent Company has guaranteed the loan. The loan requires monthly payments of principal and interest of $40,867 through August 21, 2027. The remaining unpaid principal balance is due at maturity date. The outstanding balances of the loan as of June 30, 2026 and 2025 were $5,805,598 and $5,909,606, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;"> <div style="color: #000000;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">As of June 30, 2026, the Company was not in compliance with the required debt service coverage ratio under the loan agreement. If the lender elects to exercise its remedies as a result of the covenant violation, the Company intends to use amounts available under its revolving line of credit with Patterson Real Estate Services LP, which was increased from $10,000,000 to $18,000,000 on September 28, 2026, as discussed in Note 19, Subsequent Events, to repay the outstanding balance of the loan, if necessary.</div> </div> </div> <div><br/> </div> <div style="text-align: justify; color: #000000;">As a result of the covenant violation, the remaining unpaid principal balance of the loan is presented as due within the fiscal year ending June 30, 2027 in the following table of projected principal payments, rather than within the fiscal year ending June 30, 2028.</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z277d129534204bd0bd05477f383ac661" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>5,805,598</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Green Valley Medical Center, LP Mortgage Notes Payable</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">On July 15, 2024, Green Valley Medical Center, LP entered into a loan agreement with Valley Strong Credit Union, in the amount of $7,800,000 at a fixed annual interest rate of 7.12%. The loan matures on August 1, 2029, and is secured by the real property and the assignment of all its rental revenue. The Parent Company provided a guaranty of the note. The loan requires monthly payments of principal and interest of $52,628 through July 1, 2029. The remaining unpaid principal balance is due at maturity date.<span style="font-size: 12pt;"> </span>The outstanding balances of the loan as of June 30, 2026 and 2025 were $7,660,973 and $7,747,998, respectively, which are disclosed as part of mortgage notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next four years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z22a2e3014bf04170a55b55660102cea5" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>84,783</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>93,650</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>102,032</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,380,508</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,660,973</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Green Valley Medical Center, LP Other Notes Payable:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">SBA Loan</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">As of the acquisition date, Green Valley Medical Center, LP had a $150,000 loan from the SBA under the Economic Injury Disaster Loan program, which the Company assumed. The loan bears interest at 3.75% per annum and is repayable over a 30-year term. While the Company has been making interest payments, the Federal Government has not yet commenced amortization of the principal. The outstanding balances of the loan as of June 30, 2026 and 2025 were $153,521 and $150,000, respectively, which are disclosed as a part of notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Line of Credit Agreement</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div><span style="color: #000000;">On January 22, 2025, we entered into a revolving line of credit agreement with Patterson Real Estate Services LP (“PRES”), an affiliate of the Adviser, of up to $10,000,000. Interest </span>accrues <span style="color: #000000;">on any unpaid principal balance on the note at a fixed annual interest rate of 10%. In addition, an origination fee of 2% </span>is <span style="color: #000000;">charged on each advance and the sum </span>is <span style="color: #000000;">added to the principal balance. The original maturity date of the loan was June 1, 2026. The loan requires monthly interest payments beginning on March 1, 2025, with the remaining principal balance due at maturity. The outstanding balances of the loan as of June 30, 2026 and 2025 were $10,000,000 and $9,588,000, respectively, which include $196,078 and $188,000 of loan origination fees, respectively, and are disclosed as part of line of credit, net in the consolidated balance sheets. The loan origination fee is capitalized and amortized over the life of the loan. As of June 30, 2026, the loan origination fee is fully amortized. As of June 30, 2025, the unamortized balance amounted to $138,611, which is netted against the total debt balance in the consolidated balance sheets.</span></div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On September 24, 2025, the line of credit agreement with PRES was amended to extend the maturity date to December 31, 2027.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div><span style="color: #000000;">For the </span>years<span style="color: #000000;"> ended June 30, 2026 and 2025, we incurred interest expense of $1,013,088 and $324,643</span>, respectively, <span style="color: #000000;">on the line of credit. Interest payable of $1,297,781 and $284,693 remained outstanding as of June 30, 2026 and 2025, respectively, and </span>is<span style="color: #000000;"> disclosed as part of accounts payable and accrued liabilities in the consolidated balance </span>sheets<span style="color: #000000;">.</span></div> </div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Secured Promissory Note Agreement</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">On June 11, 2025, the Company entered into a note purchase agreement with Streeterville Capital, LLC (the “Investor”) providing for the issuance of up to $3,270,000 in secured promissory notes to fund the REIT share purchases in MRC QRS. The secured promissory notes issued under the note purchase agreements bear interest at a fixed rate of 9% per annum.<span style="font-weight: bold;"> </span>On that date, the Investor funded $1,000,000 in cash, and the Company issued the first secured promissory note in the principal amount of $1,115,000 (“Note #1”), which included an original issue discount of $90,000 and transaction expenses of $25,000. The note matures 18 months after the funding date, or on December 11, 2026. On August 1, 2025, the Investor funded $500,000 (“Note #2”) in cash, and the Company issued the second secured promissory note in the principal amount of $545,000, which included an original issue discount of $45,000. The note matures 18 months after the funding date, or on February 28, 2027.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On January 15, 2026, the Company issued the third secured promissory note (“Note #3”) to the Investor under the note purchase agreement in the aggregate principal amount of $1,635,000, which included an original issue discount of $135,000. Note #3 matures on July 15, 2027.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On March 6, 2026, the Company entered into another note purchase agreement with the Investor providing for the issuance of up to $1,095,000 in secured promissory notes to fund the REIT share purchases in MRC QRS. On that date, the Investor funded $1,000,000 in cash, and the Company issued the fourth secured promissory note in the principal amount of $1,095,000 (“Note #4”), which included an original issue discount of $90,000 and transaction expenses of $5,000. The note matures 18 months after the funding date, or on September 6, 2027.</div> <div><br/> </div> <div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">For the first five months following issuance of each secured promissory note, the Company is required to make monthly payments equal to the accrued interest. Beginning in the sixth month and continuing until maturity, the Company must make monthly payments of $93,000, $45,500, $136,250 and $91,250 on Note #1, Note #2, Note #3 and Note #4, respectively, plus accrued interest.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">In the event the notes above are outstanding on the 90-day anniversary of the purchase price date, the Company will be charged a one-time fee to cover the Investor’s accounting, legal and other costs incurred in monitoring the notes equal to the outstanding balance divided by 0.93 less the outstanding balance. The monitoring fee will be automatically added to the outstanding balance on that date. During the year ended June 30, 2026, the Company incurred $84,514, $41,310, $123,991 and $82,998 in monitoring fees related to Note #1, Note #2, Note #3 and Note #4, respectively.</div> </div> </div><div style="text-align: justify; color: rgb(0, 0, 0);">The notes are guaranteed by MRC QRS through a security agreement entered into by MRC QRS in favor of the Investor. MRC QRS granted the Investor a first-position security interest in the assets of MRC QRS.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Company also entered into a stock pledge agreement with the Investor, where the Company pledged to the Investor as collateral and security for the secured obligations, and granted the Investor a first-position security interest in the common stock of MRC QRS. The Investor shall have the right to exercise the rights and remedies set forth in the stock pledge agreement and in the transaction documents if an event of default has occurred.</div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000;">As of June 30, 2026, the pledged assets had an aggregate carrying amount of $2,760,318 and consisted principally of cash and cash equivalents, investments at fair value, investments income, rents and other receivables and prepaid expenses and other assets. The pledged assets are included within their respective line items in the consolidated balance sheet.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The secured note is subject to certain trigger events, which provide the Investor with the option to increase the outstanding balance by 5% to 15% depending on the severity of the trigger event. Failure of the Company to cure the trigger event may result in an event of default, which would cause the outstanding balance to become immediately due and demandable.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Note #1 and Note #2 were repaid in full as of March 31, 2026.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">The outstanding balances of the loan as of June 30, 2026 and 2025 were $2,936,989 and $1,115,000, respectively, which are disclosed as part of notes payable, net in the consolidated balance sheets.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze5244f47da4d4fd1a1508ffcbb6521f6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,671,491</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>265,498</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,936,989</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">The table below presents the total loans outstanding at the underlying companies as of June 30, 2026, and the fiscal years those loans mature. Amounts presented in the fiscal year ending June 30, 2027 include the remaining unpaid principal balance of the MacKenzie Satellite Mortgage Notes Payable as a result of the covenant violation described above.</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze18fef12c6344a92a0fd1dd5bcdec7fb" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>26,859,993</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>33,497,988</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,726,550</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>27,435,197</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>26,508,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>29,441,453</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>148,469,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="text-align: justify;"><span style="color: rgb(0, 0, 0);"> </span><br/> </div> <div style="text-align: justify;"><span style="color: rgb(0, 0, 0);"> </span> <div><span style="font-weight: bold;">Financial Covenants</span><span style="font-size: 12pt;"><br/> </span><br/> </div> <div style="color: #000000;"> <div style="color: rgb(0, 0, 0);"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">Certain of our property-level mortgage loans contain customary financial and other covenants, including minimum debt service coverage ratio requirements. As of June 30, 2026, we were in compliance with all material covenants under our outstanding debt agreements, except for the MacKenzie Satellite Mortgage Notes Payable, for which the Company was not in compliance with the required debt service coverage ratio as discussed under MacKenzie Satellite Mortgage Notes Payable.</div> </div> <div> </div> </div> </div><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Debt Guaranty</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Wiseman Partnerships had mortgage loans and solar leases with various banks, all of which were guaranteed by The Wiseman Company, LLC (“Wiseman”) and its owner, Doyle Wiseman and his trust, as of May 6, 2022, the date the Operating Partnership acquired the management companies. The mortgage loans of 1300 Main, One Harbor Center, LP, Martin Plaza Associates, LP, and Main Street West are also guaranteed by the Wiseman Partnerships’ general partner as the co-guarantor.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On July 1, 2022, the Operating Partnership agreed to indemnify Doyle Wiseman for any losses he may suffer from a Wiseman Partnership default on its mortgage or solar lease obligations. Each of the Wiseman Partnerships remains adequately capitalized and has sufficient cash flow to service its mortgage notes; accordingly, no liability has been recorded under these guaranties as of June 30, 2026.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The First &amp; Main mortgage was refinanced on April 6, 2026, with Meriwest Credit Union. The loan is secured by the First &amp; Main Office Building and is guaranteed by the Parent Company and the Operating Partnership.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Main Street West mortgage was refinanced on June 6, 2025, with EverTrust Bank. The loan is secured by the Main Street West Office Building and is guaranteed by the Parent Company.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">As of June 30, 2026, refinancings have resulted in removal of Wiseman as guarantor at Westside Professional Center, Green Valley Medical Center, Woodland Corporate Center Two, 1300 Main, Main Street West and First &amp; Main. The Parent Company now guarantees the mortgage note at each of these properties, with the exception of Westside Professional Center which is guaranteed by its sole limited partner.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The mortgage loan of GVEC is guaranteed by PRES (an affiliate of the Adviser) and by its owner, Berniece A. Patterson, and her trust. As part of the GVEC contribution agreement, the Operating Partnership indemnified Berniece Patterson and her trust for any losses suffered by her through the default by GVEC on the mortgage loan. The mortgage loans for MacKenzie Satellite, obtained in August 2024, and the construction loan for MRC Aurora are also guaranteed by the Parent Company. The note purchase agreement and secured note entered into in June 2025 are guaranteed by MRC QRS.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Management has evaluated all such guaranties and indemnities and determined that no liability is required to be recorded as of</div> <div style="text-align: justify; color: rgb(0, 0, 0);">June 30, 2026.</div> 6737500 8387500 0.03 0.03 P12Y P12Y P1Y P1Y 0.0275 0.0275 2031-04-01 2031-04-01 P360M 6725997 8373180 6737500 8387500 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on Madison’s loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zdcef71e4dfaf42888d204a2953ac0ca5" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>65,185</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>69,675</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>75,847</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>81,188</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,434,102</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>6,725,997</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 65185 69675 75847 81188 6434102 6725997 <div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on PVT’s loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze680559bbe314adc9f7ac568390cd14b" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>81,149</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>86,738</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>94,422</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>101,070</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,009,801</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>8,373,180</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 81149 86738 94422 101070 8009801 8373180 17500000 0.055 0.0575 2023-10-06 2 P12M 2024-10-06 P360D 2025-04-06 3975000 11660000 0.0587 2025-04-06 11660000 5683503 568350 0.10 17650000 0.0365 P60M P6M 0.03 2032-06-01 P360M 17650000 17650000 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z760a58d9d2a34440812a170b5db7312d" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>163,670</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>178,825</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>191,648</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>205,390</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>16,910,467</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17,650,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 0 163670 178825 191648 205390 16910467 17650000 12000000 0.0375 P25Y 12240000 0.0625 2031-04-01 75340 P59M 11429491 12206569 10626226 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z79a59fdcef384423af19113562009c70" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>139,066</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>152,573</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>164,469</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>175,048</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,575,413</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>12,206,569</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 139066 152573 164469 175048 11575413 12206569 1000000 2023-12-31 0 350000 100000 2026-12-31 2026-12-31 100000 2028-12-31 450000 0.07 200000 2025-03-31 0.085 200000 2025-03-31 151000 P30Y 0.0375 731 152720 150000 220000 P10Y 0.05 1486 220000 143384 8000000 0.0685 2029-11-15 52534 7877439 7972744 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next four years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc8a6d1cbcda44c9eb621374b6681fccb" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>93,674</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>98,823</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,283</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,577,659</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,877,439</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 93674 98823 107283 7577659 7877439 150000 P30Y 0.0375 731 154043 157191 7500000 0.0415 2024-10-07 6000000 0.065 2027-10-05 40873 5830275 5932794 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z85bf01532082436aab5461e9a02c0d30" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>105,650</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,724,625</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,830,275</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 105650 5724625 5830275 9500000 0.0675 0.065 P300M 2028-05-30 0.362 13806 310635 9349746 9500000 52592 51239 <div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zadb6b90d9ff9457ca7c26b60e16a82c2" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>147,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,202,741</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,349,746</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 147005 9202741 9349746 150000 P30Y 0.0375 731 154853 161300 2145000 0.05 2028-09-30 8938 2145000 2145000 223000 97996 142596 1155000 0.05 2028-09-30 4813 1155000 1155000 120000 52733 76733 14000000 0.0425 0.0546 2032-09-01 P30Y 13082191 13346323 993000 744750 844050 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next five years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze220c91068b84a4a806a7531e73e3a5f" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>263,737</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>250,402</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>253,672</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>268,076</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>283,299</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,763,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,082,191</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 263737 250402 253672 268076 283299 11763005 13082191 8378825 0.0496 2028-06-01 46092 7549007 7704950 334000 161698 241222 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z1c493ab3789e44f59f0b930bd4a82cea" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>159,414</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,389,593</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,549,007</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 159414 7389593 7549007 150000 P30Y 0.0375 152844 150000 17150000 0.0025 2026-03-01 17143241 6597850 6000000 0.065 2027-08-21 40867 5805598 5909606 10000000 18000000 5805598 7800000 0.0712 2029-08-01 52628 7660973 7747998 <div style="color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next four years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z22a2e3014bf04170a55b55660102cea5" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>84,783</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>93,650</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>102,032</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,380,508</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>7,660,973</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 84783 93650 102032 7380508 7660973 150000 0.0375 P30Y 153521 150000 10000000 0.10 0.02 monthly 2025-03-01 10000000 9588000 196078 188000 138611 1013088 324643 1297781 284693 3270000 0.09 1000000 1115000 90000 25000 P18M 2026-12-11 500000 545000 45000 P18M 1635000 135000 1095000 1000000 1095000 90000 5000 P18M 93000 45500 136250 91250 P90D 0.0093 84514 41310 123991 82998 2760318 0.05 0.15 2936989 1115000 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table provides the projected principal payments on the loan for the next two years:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze5244f47da4d4fd1a1508ffcbb6521f6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,671,491</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>265,498</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,936,989</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: #000000;">The table below presents the total loans outstanding at the underlying companies as of June 30, 2026, and the fiscal years those loans mature. Amounts presented in the fiscal year ending June 30, 2027 include the remaining unpaid principal balance of the MacKenzie Satellite Mortgage Notes Payable as a result of the covenant violation described above.</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="ze18fef12c6344a92a0fd1dd5bcdec7fb" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>26,859,993</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2028</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>33,497,988</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2029</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,726,550</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2030</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>27,435,197</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2031</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>26,508,005</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Thereafter</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>29,441,453</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>148,469,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2671491 265498 2936989 26859993 33497988 4726550 27435197 26508005 29441453 148469186 0 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 11 – EARNINGS PER SHARE</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div><span style="color: #000000;">Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially </span>dilutive<span style="color: #000000;"> securities. The following table sets forth the computation of basic and diluted earnings per share for </span>the <span style="color: #000000;">years ended June 30, 2026 and 2025:</span></div> </div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="za886f11bba324185a8e525ea8a99bc89" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div><br/> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net loss attributable to common stockholders</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(19,105,908</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(27,336,880</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Basic and diluted weighted average common shares outstanding</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,002,030.42</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,465,094.94</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Basic and diluted earnings per share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(9.54</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(18.66</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Company incurred a net loss for the year ended June 30, 2026. As a result, the dilutive securities, the common stock series A and B warrants, were considered anti-dilutive and excluded from the calculation of diluted net loss per share. As of June 30, 2026, 423,945 shares underlying these instruments were excluded.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">In accordance with ASC Topic 260, <span style="font-style: italic;">Earnings Per Share</span>, shares issuable for little to no consideration should be included in the number of outstanding shares used for basic earnings per share. The FASB proposed that warrants or options exercisable for little to no cost be included in the denominator of basic earnings per share (and therefore diluted earnings per share) once there were no further vesting conditions or contingencies associated with them. As of June 30, 2026, there were no outstanding pre-funded warrants. As of June 30, 2025, the Company included 129,226.50 pre-funded warrants in the denominator of basic earnings per share.</div> The following table sets forth the computation of basic and diluted earnings per share for the <span style="color: #000000;">years ended June 30, 2026 and 2025:</span><table cellpadding="0" class="cfttable" id="za886f11bba324185a8e525ea8a99bc89" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div><br/> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold; text-align: center;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Net loss attributable to common stockholders</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(19,105,908</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(27,336,880</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Basic and diluted weighted average common shares outstanding</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,002,030.42</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,465,094.94</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Basic and diluted earnings per share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(9.54</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(18.66</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> -19105908 -27336880 2002030.42 2002030.42 1465094.94 1465094.94 -9.54 -9.54 -18.66 -18.66 423945 0 129226.5 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 12 – SHARE OFFERINGS AND FEES</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">In June 2026, we issued 48,352 shares of common stock to the Series A preferred stock holders of the Operating Partnership who exercised their option to convert their Series A preferred stock to our common stock at $2.44 per share.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2026, we issued 665,111 and 36,969 shares of common stock to the Series A and Series B preferred stock holders, respectively, who exercised their option to convert their shares of Series A and Series B preferred stock to shares of our common stock at prices per share ranging from $3.51 to $5.47 and $3.27 to $4.59, respectively.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2026, we issued 51,777.11 shares of Series A preferred stock with total gross proceeds of $1,164,985, 13,440.15 shares of Series B preferred stock with total gross proceeds of $332,488, and 54,640 shares of Series C preferred stock with total gross proceeds of $1,366,000 under the Offering Circular; and we incurred syndication costs of $761,706 in relation to common and preferred stock offerings. During the year ended June 30, 2026, we issued 8,329.62 shares of Series A preferred stock with total gross proceeds of $187,418 under the preferred stock DRIP, 1,142.15 shares of Series B preferred stock with total gross proceeds of $25,697 under the preferred stock DRIP, and 67.09 shares of Series C preferred stock with total gross proceeds of $1,508 under the preferred stock DRIP.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">During the year ended June 30, 2026, 92,836.06 shares of Series A preferred stock with an aggregate stated value of $2,301,515 were converted into 665,111 shares of our common stock. Additionally, 6,067.10 shares of Series B preferred stock with an aggregate stated value of $151,462, together with $8,804 of accrued liquidation preference representing 9% non-cash dividends, were converted into 36,969 shares of our common stock.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">During the year ended June 30, 2025, no shares of common stock were issued under the common stock DRIP. Additionally, in March 2025, we issued 32.18 shares of common stock at $102.50 per share to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common share, and 15,668.10 shares of common stock to the Series A preferred stockholders who exercised their option to convert their shares of Series A preferred stock to shares of our common stock at prices per share ranging from $11.50 to $40.20.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2025, we issued 9,044 shares of Series A preferred stock with total gross proceeds of $226,100 and 65,903.16 shares of Series B preferred stock with total gross proceeds of $1,647,579 under the Offering Circular; and we incurred syndication costs of $1,301,283 in relation to common and preferred stock offerings. During the year ended June 30, 2025, we issued 8,567.49 shares of Series A preferred stock with total gross proceeds of $192,770 under the preferred stock DRIP and 644.60 shares of Series B preferred stock with total gross proceeds of $14,503 under the preferred stock DRIP.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2025, 12,805.38 shares of Series A preferred stock with an aggregate stated value of $318,161 were converted into 15,668.10 shares of our common stock.</div> 48352 2.44 665111 36969 3.51 5.47 3.27 4.59 51777.11 1164985 13440.15 332488 54640 1366000 761706 8329.62 187418 1142.15 25697 67.09 1508 -92836.06 2301515 665111 -6067.1 151462 8804 0.09 36969 0 32.18 102.5 15668.1 11.5 40.2 9044 226100 65903.16 1647579 1301283 8567.49 192770 644.6 14503 -12805.38 318161 15668.1 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 13 – SHARE REPURCHASE PLAN</div> <div><br/> </div> <div style="text-align: justify;"><span style="color: rgb(0, 0, 0);">On March 4, 2024, the Board of Directors suspended the common stock share repurchase program and common stock DRIP in connection with its pursuit of the listing of its common stock on a securities exchange. When our common stock became eligible for trading on OTC Markets in April 2024, the share repurchase program automatically terminated, and the Board of Directors will decide whether, and when, to reinstate the common stock </span>DRIP<span style="color: rgb(0, 0, 0);">.</span></div> <div><br/> </div> <div style="color: #000000;">During the year ended June 30, 2026, we repurchased 92,836.06 shares of our Series A preferred stock, and 6,067.10 shares of our Series B preferred stock, at an aggregate cost of $2,452,977, under our previously-disclosed preferred stock share repurchase program as noted in the table below. These repurchases were settled through issuance of shares of the Company’s common stock.</div><div class="BRPFPageNumberArea" style="text-align: center;"><span class="BRPFPageNumber" style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">F-39</span></div><div> <div style="color: #000000;">We did not repurchase any shares of our common stock and Series C preferred stock during the year ended June 30, 2026.</div> </div> <div> <br/> </div> <div> <table border="0" cellpadding="0" class="cfttable" id="zcd497a68327641a28d428ebab73ea39d" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Period</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Total Number</div> <div style="color: rgb(0, 0, 0); font-weight: bold;">of Shares Repurchased</div> </td> <td class="cftfncell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Average Repurchase </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Price</div> <div style="color: rgb(0, 0, 0); font-weight: bold;"> Per Share</div> </td> <td class="cftfncell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Total Repurchase</div> <div style="color: rgb(0, 0, 0); font-weight: bold;"> Consideration</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top;" valign="bottom"> <div style="color: #000000; font-weight: bold;">During the year ended June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top;" valign="bottom"> <div style="color: #000000; font-weight: bold;">Series A Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">September 1, 2025 through September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">7,051.54</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">22.80</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">170,790</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">October 1, 2025 through December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">17,242.35</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">24.89</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">429,276</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">January 1, 2026 through March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">37,913.23</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">24.78</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">944,429</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">April 1, 2026 through June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">30,628.94</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">24.63</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">757,020</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">92,836.06</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">2,301,515</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000; font-weight: bold;">Series B Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">November 1, 2025 through November 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">3,290.43</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">25.00</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">82,255</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">January 1, 2026 through March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">2,776.67</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">24.90</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">69,207</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">6,067.10</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">151,462</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> </div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2025, we repurchased shares of our common stock through our Share Repurchase Program and through third-party auctions as noted in the table below:</div> </div> <div><br/> </div> <table border="0" cellpadding="0" class="cfttable" id="z9037874fb90c489e970470ef3e9f99a2" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Period</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total Number<br/> of Shares Repurchased</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold; text-align: center;">Average Repurchase<br/> </div> <div style="font-size: 10pt; text-align: center;"><span style="font-weight: bold;">Price</span></div> <div style="font-size: 10pt; text-align: center;"><span style="font-weight: bold;">Per Shar</span>e</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total Repurchase</div> <div style="text-align: center; font-weight: bold;">Consideration</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> <div style="font-weight: bold;">During the nine months ended March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Series A Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 64%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">September 1, 2024 through December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,530</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">* <br/> </td> </tr> </table> <div> <br/> </div> <div> <div>* Fees paid for redemption lockup agreements</div> </div> 92836.06 6067.1 2452977 <div> <div style="color: #000000;">We did not repurchase any shares of our common stock and Series C preferred stock during the year ended June 30, 2026.</div> </div> <div> <br/> </div> <div> <table border="0" cellpadding="0" class="cfttable" id="zcd497a68327641a28d428ebab73ea39d" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Period</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Total Number</div> <div style="color: rgb(0, 0, 0); font-weight: bold;">of Shares Repurchased</div> </td> <td class="cftfncell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Average Repurchase </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Price</div> <div style="color: rgb(0, 0, 0); font-weight: bold;"> Per Share</div> </td> <td class="cftfncell" colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"> <div style="color: rgb(0, 0, 0); font-weight: bold;">Total Repurchase</div> <div style="color: rgb(0, 0, 0); font-weight: bold;"> Consideration</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top;" valign="bottom"> <div style="color: #000000; font-weight: bold;">During the year ended June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top;" valign="bottom"> <div style="color: #000000; font-weight: bold;">Series A Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">September 1, 2025 through September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">7,051.54</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">22.80</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">170,790</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">October 1, 2025 through December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">17,242.35</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">24.89</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">429,276</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">January 1, 2026 through March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">37,913.23</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">24.78</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">944,429</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">April 1, 2026 through June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">30,628.94</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">24.63</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">757,020</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">92,836.06</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">2,301,515</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000; font-weight: bold;">Series B Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">November 1, 2025 through November 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">3,290.43</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">25.00</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="color: #000000;">82,255</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">January 1, 2026 through March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">2,776.67</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> <div style="color: #000000;">24.90</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">69,207</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">6,067.10</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" valign="bottom"> <div style="color: #000000;">151,462</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> </div> <div><br/> </div> <div> <div style="text-align: justify; color: #000000;">During the year ended June 30, 2025, we repurchased shares of our common stock through our Share Repurchase Program and through third-party auctions as noted in the table below:</div> </div> <div><br/> </div> <table border="0" cellpadding="0" class="cfttable" id="z9037874fb90c489e970470ef3e9f99a2" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Period</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total Number<br/> of Shares Repurchased</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold; text-align: center;">Average Repurchase<br/> </div> <div style="font-size: 10pt; text-align: center;"><span style="font-weight: bold;">Price</span></div> <div style="font-size: 10pt; text-align: center;"><span style="font-weight: bold;">Per Shar</span>e</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total Repurchase</div> <div style="text-align: center; font-weight: bold;">Consideration</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> <div style="font-weight: bold;">During the nine months ended March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Series A Preferred stock</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 64%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="margin-left: 9pt;">September 1, 2024 through December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,530</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">* <br/> </td> </tr> </table> <div> <br/> </div> <div> <div>* Fees paid for redemption lockup agreements</div> </div> 0 7051.54 22.8 170790000000 17242.35 24.89 429276000000 37913.23 24.78 944429000000 30628.94 24.63 757020000000 92836.06 2301515000000 3290.43 25 82255000000 2776.67 24.9 69207000000 6067.1 151462000000 0 0 5530000000 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 14 – STOCKHOLDER DIVIDENDS AND DRIP</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table reflects the dividends per share that we have declared on our preferred stock during the year ended June 30, 2026:</div> <div><br/> </div> <div> </div> <div> <table cellpadding="0" class="cfttable" id="zcc41c450466f4f4ca9430a8eb007fa1e" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td rowspan="1" style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="30" rowspan="1" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Dividends</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" rowspan="1" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Common Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series A Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series B Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series C Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> <div style="color: #000000; font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-13; color: #000000;">September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">285,758</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">88,878</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">6,465</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-14; color: #000000;">December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">280,892</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">90,198</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">18,915</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-15; color: #000000;">March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">276,780</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">92,230</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">27,189</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-16; color: #000000;">June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">274,125</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">93,469</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">30,022</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">1.500</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">1,117,555</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">3.000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">364,775</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">*</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">2.250</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">82,591</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Of the total dividends declared for Series B during the year ended June 30, 2026, $273,582 was an increase in liquidation preference and $91,193 was the cash dividend.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2026, we did not issue any common shares under our common stock DRIP since the plan was suspended in March 2024. During the year ended June 30, 2026, $187,418 of Series A preferred dividends, $25,697 of Series B preferred dividends and $1,508 of Series C preferred dividends were reinvested under the preferred stock DRIP.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On May 19, 2025, following a review of the Company’s financials, the current economic climate, the potential impact of tariffs on demand for office and retail space, and the increased likelihood of a near-term recession, the Board of Directors approved the suspension of the regular quarterly dividend on the Company’s common stock effective immediately. This decision was made to preserve liquidity, enable the Company to make further investments in its own properties and developments where prudent, and to provide financial flexibility as to near-term commitments; the suspension will remain in effect until further notice. The Board of Directors will continue to evaluate the dividend policy quarterly based on the Company’s financial performance, liquidity needs, and market conditions.</div><div style="text-align: justify; color: rgb(0, 0, 0);">On May 12, 2026, we declared the Series A preferred stock quarterly dividend of $0.375 per share payable at the rate of $0.125 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series A preferred stock dividend will be paid in October <span style="-sec-ix-hidden: hidden-fact-29">2026</span>.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On May 12, 2026, we declared the Series B preferred stock quarterly 3% dividend of $0.1875 per share payable at the rate of $0.0625 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series B preferred stock dividend will be paid in October <span style="-sec-ix-hidden: hidden-fact-30">2026</span>. In addition, the Series B preferred stock will accrue dividends at the rate of 9% per annum on the stated value as an increase in liquidation preference.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On May 12, 2026, we declared the Series C preferred stock quarterly dividend of $0.5625 per share payable at the rate of $0.1875 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series C preferred stock dividend will be paid in October <span style="-sec-ix-hidden: hidden-fact-31">2026</span>.</div> <div><br/> </div> <div style="text-align: justify;"><span style="color: rgb(0, 0, 0);">The following table reflects the distributions </span>declared by the Operating Partnership for the preferred unit holders <span style="color: rgb(0, 0, 0);">during the year ended June 30, 2026:</span></div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z2eb6556c7751459aa8925ea6e202750a" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="14" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Distributions</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-17">September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>399,247</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-18">December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>399,688</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>32,409</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-19">March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>400,136</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-20">June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>398,715</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,597,786</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,639</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify;">*Of the total distributions declared for Series B during the <span style="color: rgb(0, 0, 0);">year ended June 30, 2026</span>, $97,227 was an increase in liquidation preference and $32,412<span style="color: rgb(0, 0, 0);"> </span>was the cash dividend.</div> <div><br/> </div> <div style="text-align: justify;">During the year ended June 30, 2026, the Operating Partnership paid Series A preferred distributions of $<span style="color: rgb(0, 0, 0);">1,597,886</span>, of which $<span style="color: rgb(0, 0, 0);">112,134</span> have been reinvested under the preferred stock DRIP. During the year ended June 30, 2026, the Operating Partnership paid Series B preferred distributions of $<span style="color: rgb(0, 0, 0);">129,639</span>, none of which was reinvested.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table reflects the dividends per share that we have declared on our common stock and preferred stock during the year ended June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z0aacbfdc37d940a7afac5ff28d216018" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Dividends</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Common Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-21">September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,679,460</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>287,036</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>45,378</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-22">December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>673,655</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>286,686</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>63,593</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-23">March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>786,925</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>286,981</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>79,152</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-24">June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>287,316</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>85,058</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2.250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,140,040</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,148,019</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>273,181</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Of the total dividends declared for Series B during the year ended June 30, 2025, $204,889 was an increase in liquidation preference and $68,292 was the cash dividend.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">During the year ended June 30, 2025, we did not issue any common shares under our common stock DRIP since the plan was suspended in March 2024. During the year ended June 30, 2025, $192,770 of Series A preferred dividends and $14,503 of Series B preferred dividends were reinvested under the preferred stock DRIP.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The above dividends declared were recorded as dividends payable in the consolidated balance sheets as of June 30, 2025, and were subsequently paid in July 2025.</div><div style="text-align: justify;"><span style="color: rgb(0, 0, 0);">The following table reflects the distributions </span>declared by the Operating Partnership for the Class A and Preferred unit holders <span style="color: rgb(0, 0, 0);">during the year ended June 30, 2025:</span></div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z3168763e4d504fccbf764f19db3fb84b" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Distributions</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Class A Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-25">September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.125</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,269</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>382,489</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-26">December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.050</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,095</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>397,969</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>32,409</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-27">March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.050</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,095</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>398,388</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-28">June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>398,814</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.225</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>18,459</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,577,660</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,639</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify;">*Of the total distributions declared for Series B during the <span style="color: rgb(0, 0, 0);">year ended June 30, 2025</span>, $<span style="color: rgb(0, 0, 0);">97,229</span> was an increase in liquidation preference and $<span style="color: rgb(0, 0, 0);">32,410</span> was the cash dividend.</div> <div><br/> </div> <div style="text-align: justify;">During the year ended June 30, 2025, the Operating Partnership paid Class A preferred distributions of $28,738, none of which was reinvested. During the year ended June 30, 2025, the Operating Partnership paid Series A preferred distributions of $1,521,500, of which $98,968 have been reinvested under the preferred stock DRIP. During the year ended June 30, 2025, the Operating Partnership paid Series B preferred distributions of $29,709, none of which was reinvested.</div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following table reflects the dividends per share that we have declared on our preferred stock during the year ended June 30, 2026:</div> <div><br/> </div> <div> </div> <div> <table cellpadding="0" class="cfttable" id="zcc41c450466f4f4ca9430a8eb007fa1e" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; border-spacing: 0px;"> <tr> <td rowspan="1" style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="30" rowspan="1" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Dividends</div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" rowspan="1" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Common Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series A Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series B Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Series C Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> <div style="color: #000000; font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; color: #000000; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-13; color: #000000;">September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">285,758</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">88,878</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">6,465</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-14; color: #000000;">December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">280,892</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">90,198</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%;" valign="bottom"> <div style="color: #000000;">18,915</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-15; color: #000000;">March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">276,780</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">92,230</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">27,189</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-16; color: #000000;">June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.375</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">274,125</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.750</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">93,469</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">0.563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="color: #000000;">30,022</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 20%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">1.500</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">1,117,555</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">3.000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">364,775</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: #000000;">*</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">2.250</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom"> <div style="color: #000000;">82,591</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Of the total dividends declared for Series B during the year ended June 30, 2026, $273,582 was an increase in liquidation preference and $91,193 was the cash dividend.</div><div style="text-align: justify;"><span style="color: rgb(0, 0, 0);">The following table reflects the distributions </span>declared by the Operating Partnership for the preferred unit holders <span style="color: rgb(0, 0, 0);">during the year ended June 30, 2026:</span></div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z2eb6556c7751459aa8925ea6e202750a" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="14" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Distributions</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-17">September 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>399,247</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-18">December 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>399,688</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>32,409</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-19">March 31, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>400,136</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-20">June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>398,715</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,597,786</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,639</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify;">*Of the total distributions declared for Series B during the <span style="color: rgb(0, 0, 0);">year ended June 30, 2026</span>, $97,227 was an increase in liquidation preference and $32,412<span style="color: rgb(0, 0, 0);"> </span>was the cash dividend.</div><div style="text-align: justify; color: rgb(0, 0, 0);">The following table reflects the dividends per share that we have declared on our common stock and preferred stock during the year ended June 30, 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z0aacbfdc37d940a7afac5ff28d216018" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Dividends</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Common Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Stock</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-21">September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,679,460</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>287,036</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>45,378</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-22">December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>673,655</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>286,686</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>63,593</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-23">March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>786,925</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>286,981</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>79,152</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-24">June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>287,316</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>85,058</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2.250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,140,040</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,148,019</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>273,181</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Of the total dividends declared for Series B during the year ended June 30, 2025, $204,889 was an increase in liquidation preference and $68,292 was the cash dividend.</div><div style="text-align: justify;"><span style="color: rgb(0, 0, 0);">The following table reflects the distributions </span>declared by the Operating Partnership for the Class A and Preferred unit holders <span style="color: rgb(0, 0, 0);">during the year ended June 30, 2025:</span></div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z3168763e4d504fccbf764f19db3fb84b" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="22" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Distributions</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Class A Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="6" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B Preferred Units</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"><span style="text-decoration:underline">During the Quarter Ended</span></div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Per Share</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Amount</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-25">September 30, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.125</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>10,269</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>382,489</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-26">December 31, 2024</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.050</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,095</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>397,969</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>32,409</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; background-color: #CCEEFF;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-27">March 31, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.050</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>4,095</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>398,388</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 2px;" valign="bottom"> <div style="-sec-ix-hidden: hidden-fact-28">June 30, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.375</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>398,814</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>0.750</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>32,410</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>0.225</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>18,459</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1.500</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>1,577,660</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3.000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,639</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom">*<br/> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify;">*Of the total distributions declared for Series B during the <span style="color: rgb(0, 0, 0);">year ended June 30, 2025</span>, $<span style="color: rgb(0, 0, 0);">97,229</span> was an increase in liquidation preference and $<span style="color: rgb(0, 0, 0);">32,410</span> was the cash dividend.</div> 0 0 0.375 285758 0.75 88878 0.563 6465 0 0 0.375 280892 0.75 90198 0.563 18915 0 0 0.375 276780 0.75 92230 0.563 27189 0 0 0.375 274125 0.75 93469 0.563 30022 0 0 1.5 1117555 3 364775 2.25 82591 273582 91193 0 187418 25697 1508 2026-05-12 0.375 0.125 2026-07-31 2026-08-31 2026-09-30 2026-05-12 0.03 0.1875 0.0625 2026-07-31 2026-08-31 2026-09-30 0.09 2026-05-12 0.5625 0.1875 2026-07-31 2026-08-31 2026-09-30 0.375 399247 0.75 32410 0.375 399688 0.75 32409 0.375 400136 0.75 32410 0.375 398715 0.75 32410 1.5 1597786 3 129639 97227 32412 1597886 112134 129639 0 1.25 1679460 0.375 287036 0.75 45378 0.5 673655 0.375 286686 0.75 63593 0.5 786925 0.375 286981 0.75 79152 0 0 0.375 287316 0.75 85058 2.25 3140040 1.5 1148019 3 273181 204889 68292 0 192770 14503 0.125 10269 0.375 382489 0.75 32410 0.05 4095 0.375 397969 0.75 32409 0.05 4095 0.375 398388 0.75 32410 0 0 0.375 398814 0.75 32410 0.225 18459 1.5 1577660 3 129639 97229 32410 28738 0 1521500 98968 29709 0 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 15 – WARRANTS</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">On February 28, 2025, the Company entered into a securities purchase agreement with a single institutional investor pursuant to which the Company offered and sold 153,403.40 shares of the Company’s common stock, $0.0001 par value per share, pre-funded warrants to purchase up to 129,226.50 shares of common stock, and warrants to purchase up to an aggregate of 423,944.85 shares of common stock. The purchase price for each share and the exercise price for each common stock warrant to purchase one share of common stock was $17.10 per share, and the purchase price for each pre-funded warrant to purchase one share of common stock was $17.099. The common stock warrants consist of Series A common stock warrants and Series B common stock warrants. The Series A common stock warrants to purchase up to 141,314.95 shares of common stock are exercisable following the six-month anniversary of the closing date of the offering and expire 18 months from the date of issuance. The Series B common stock warrants to purchase up to 282,629.90 shares of common stock are exercisable following the six-month anniversary of the closing date of the offering and expire five years from the date of issuance.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The gross proceeds to the Company from this offering were $2.62 million from the sale of the common stock and $2.21 million from the sale of the pre-funded warrants. Because the Series A and B warrants were issued in conjunction with the sale of the common stock and the pre-funded warrants, the total gross proceeds of $4.83 million from the sale of the common stock and pre-funded warrants were proportionally allocated between the common stock, prefunded warrants, and the Series A and B warrants based on the estimated fair values of the stock and the warrants at the time of the issuance in accordance with ASC 815-40, <span style="font-style: italic;">Derivatives and Hedging – Contracts in Entity’s Own Equity.</span> The total fair value allocation was: $2.29 million to common stock, $1.94 million to the pre-funded warrants, $0.38 million to Series A warrants and $0.22 million to Series B warrants.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">As of June 30, 2026, there were 141,314.95 and 282,629.90 in Series A common stock warrants and Series B common stock warrants, respectively, issued and outstanding. The exercise price for the Series A and B warrants is $17.10 per share. All 129,226.50 prefunded warrants were exercised at an exercise price of $0.001 per share in July and August 2025.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The Company evaluated the terms of the warrants under ASC 815-40, <span style="font-style: italic;">Derivatives and Hedging – Contracts in Entity’s Own Equity</span>, and determined that they qualify for equity classification. This conclusion was based on the fact that:</div> <div><br/> </div> <table cellpadding="0" class="DSPFListTable" id="z86a8d97282b64528bfc26636330743ea" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">The warrants are indexed to the Company’s own stock;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z85ac3cba5e104ff798587ebcc44cd6a0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">The contracts require physical or net share settlement;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zee37563d02c741fabba516ae9b3bfea1" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">The Company has sufficient authorized and unissued shares to settle the contracts;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zd685b2a6e9d74596a3a94a910ad6948a" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">There are no settlement provisions requiring cash payment by the Company;</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z93d0c67422ab4c19b602b2a7f7c48f86" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">There are no variables or conditions that could cause the warrants to be reclassified as liabilities.</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Accordingly, the warrants are classified as a component of stockholders’ equity, and no subsequent remeasurement is required. The proceeds from the issuance of the warrants were allocated to additional paid-in capital upon issuance.</div><div style="text-align: justify; color: rgb(0, 0, 0);">The following table summarizes warrant activity during the year ended June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z77922c1e934b43959bdd2d1eb6cd282e" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="14" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Number of Warrants</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Weighted</div> <div style="text-align: center; font-weight: bold;">average <br/> </div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold;">Description</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Prefunded</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; background-color: #CCEEFF;" valign="bottom"> <div>Outstanding as of July 1, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>141,314.95</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>282,629.90</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>553,171.35</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%;" valign="bottom"> <div>Issued during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; background-color: #CCEEFF;" valign="bottom"> <div>Exercised during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div>(129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; padding-bottom: 2px;" valign="bottom"> <div>Expired during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> <div>Oustanding as of June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>141,314.95</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>282,629.90</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>423,944.85</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">All Series A and Series B common stock warrants became exercisable on September 3, 2025, and remained exercisable as of June 30, 2026.</div> 153403.4 0.0001 129226.5 423944.85 1 17.1 1 17.099 141314.95 P18M 282629.9 P5Y 2620000 2210000 4830000 2290000 1940000 380000 220000 141314.95 282629.9 17.1 17.1 129226.5 0.001 0 <div style="text-align: justify; color: rgb(0, 0, 0);">The following table summarizes warrant activity during the year ended June 30, 2026:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z77922c1e934b43959bdd2d1eb6cd282e" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: middle; font-size: 10pt; padding-bottom: 2px;" valign="bottom"> <div style="font-weight: bold;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="14" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Number of Warrants</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Weighted</div> <div style="text-align: center; font-weight: bold;">average <br/> </div> </td> <td class="cftfncell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold;">Description</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Prefunded</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series A</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Series B</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Total</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td class="cftfncell" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; background-color: #CCEEFF;" valign="bottom"> <div>Outstanding as of July 1, 2025</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>141,314.95</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>282,629.90</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>553,171.35</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%;" valign="bottom"> <div>Issued during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; background-color: #CCEEFF;" valign="bottom"> <div>Exercised during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"> <div>(129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>(129,226.50</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; padding-bottom: 2px;" valign="bottom"> <div>Expired during the year</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; font-size: 10pt; width: 40%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> <div>Oustanding as of June 30, 2026</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>141,314.95</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>282,629.90</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>423,944.85</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> <div>17.10</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> </table> 129226.5 141314.95 282629.9 553171.35 17.1 0 0 0 0 129226.5 0 0 129226.5 17.1 0 0 0 0 0 141314.95 282629.9 423944.85 17.1 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 16 – SEGMENT REPORTING</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">ASC 280, <span style="font-style: italic;">Segment Reporting </span>(“ASC 280”), establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">We operate as two primary operating and reportable segments: (i) commercial and (ii) residential. These segments include activities related to acquiring, owning, developing, and managing income-producing real estate properties. Although our properties are geographically diversified throughout the United States, we do not distinguish or group our operations on a geographical basis for purposes of allocating resources or measuring performance. Our business is managed based on these two segments for internal reporting purposes. The investment committee led by the Chief Executive Officer serves as the CODM and evaluates performance and makes resource allocation decisions on this basis. The CODM evaluates operating performance primarily based on the Company’s net income (loss). Effective January 1, 2026, the CODM began separately evaluating the performance of the Company’s commercial real estate portfolio and residential real estate portfolio following the January 2026 portfolio reorganization and the formation of MAC. As a result, the Company changed its segment reporting structure and now presents two reportable segments: (i) commercial and (ii) residential. Prior period financial information has been recast to reflect this change in segment reporting. Expenses that are significant are the same as those presented in our consolidated statements of operations. Additionally, the CODM reviews the asset information and capital expenditures on a consolidated basis that are the same as shown on the accompanying consolidated balance sheets and statements of cash flows.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Our customers in the United States accounted for 100% of our revenues and we do not have any property or equipment outside of the United States.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">We also have a real estate-related debt and equity securities investment portfolio; however, this portfolio does not constitute a reportable segment under ASC 280.</div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: rgb(0, 0, 0);">Segment net loss includes the direct costs of the reportable segment. Certain costs, including asset management fees to related party, administrative cost reimbursements to related party, directors’ fees, and transfer agent cost reimbursements to related party, and various other general corporate costs that are not specifically allocable to the segments, are included in the corporate/other columns below.</div> </div><div style="text-align: justify; color: rgb(0, 0, 0);">The Company’s segments derive revenue primarily from rental and other property income. The following financial metrics are regularly reviewed by the CODM:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6dd45479c7444fcd96881441ab6ab11c" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Corporate/Other*</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Segment revenue</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,066,386</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>16,169,614</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,941,028</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,890,229</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Expenses:</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,840,535</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>5,023,986</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,358,672</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,116,012</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,718,340</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>384,583</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Depreciation and amortization</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,096,377</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,244,702</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,045,250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,187,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Property operating and maintenance</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,898,174</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,643,532</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,180,853</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>2,730,328</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,200</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>12,190</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Asset management fees to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,389,022</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,449,487</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Bonus management fees to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">General and administrative</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>597,479</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>898,373</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>607,045</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>708,135</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>238,462</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>976,539</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Professional fees</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>893,098</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,820,775</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Administrative cost reimbursements to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>881,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>669,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Directors’ fees</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>159,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>149,223</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Transfer agent cost reimbursements to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,145</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Impairment loss on assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,687,783</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>9,500,167</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Segment net loss</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(5,053,962</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(13,141,146</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(3,250,792</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(2,852,101</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,308,998</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,468,797</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-style: italic;">Reconciliation of loss:</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Other income (loss), net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(29,955</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>9,251</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>2,060</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>20,856</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,514,037</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(538,340</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Loss before income tax</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(5,083,917</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(13,131,895</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(3,248,732</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(2,831,245</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(5,794,961</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(8,007,137</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Consists of corporate overhead expenses that are not directly attributable to our commercial and residential segments.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The CODM does not review disaggregated expense information beyond the categories listed above.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Entity-wide disclosures:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Commercial:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;">Year ended June 30, 2026:</div> <table cellpadding="0" class="DSPFListTable" id="zc57988105f114f7fa33d126ef56cf9ce" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">Revenue by geographic area:</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="zf229ee8c0c6c45a8b0f64fca22217845" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 54pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">United States: $13,066,386</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z27ba29184596491da3ea6971f7068016" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">Major customers: There is no one customer accounted for with more than 10% of total revenue.</div> </td> </tr> </table> <div><br/> </div> <div> <div style="text-align: justify; color: #000000; font-style: italic;">Year ended June 30, 2025:</div> <div> <table cellpadding="0" class="DSPFListTable" id="zb1ca23f3bddb4d6ca59892dd49ce1778" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"> </td> <td style="width: 18pt; vertical-align: top; text-align: right;"> <div style="text-align: left; color: rgb(0, 0, 0);">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: rgb(0, 0, 0);">Revenue by geographic area:</div> </td> </tr> </table> </div> <div> <table cellpadding="0" class="DSPFListTable" id="z35a6e6d9f67746ee9c1cd67bb93f1d50" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 54pt;"> </td> <td style="width: 18pt; vertical-align: top; text-align: right;"> <div style="text-align: left; color: rgb(0, 0, 0);">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: rgb(0, 0, 0);">United States: $16,169,614</div> </td> </tr> </table> </div> <div> <table cellpadding="0" class="DSPFListTable" id="zc2a0edb5c83e49ef8124f5d5faaebfef" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 18pt;"> </td> <td style="width: 18pt; vertical-align: top; text-align: right;"> <div style="text-align: left; color: rgb(0, 0, 0);">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: rgb(0, 0, 0);">Major customers: There is no one customer accounted for with more than 10% of total revenue, aside from the early lease termination income of $3,000,000 from one of the tenants, OS National, LLC, of our Satellite Place Office Building.</div> </td> </tr> </table> </div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Residential:</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;">Year ended June 30, 2026:</div> <table cellpadding="0" class="DSPFListTable" id="z5a038fcfdc004f9c81e4f1760000b7af" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">Revenue by geographic area:</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z49b3ac947554477ca66b9b042efeac96" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 54pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">United States: $6,941,028</div> </td> </tr> </table> <table cellpadding="0" class="DSPFListTable" id="z40f6bc42d6ef442faf8243126d6f3830" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); border-spacing: 0px;"> <tr> <td style="width: 18pt; font-size: 10pt;"><br/> </td> <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 10pt;">•</td> <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;"> <div style="color: rgb(0, 0, 0);">Major customers: There is no one customer accounted for with more than 10% of total revenue.</div> </td> </tr> </table> <div><br/> </div> <div> <div style="text-align: justify; color: #000000; font-style: italic;">Year ended June 30, 2025:</div> <div> <table cellpadding="0" class="DSPFListTable" id="z04b7992da6f34379b628ea044f7a8651" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 36pt; vertical-align: top; text-align: right;"> <div style="text-align: left; margin-left: 18pt; color: #000000;">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: #000000;">Revenue by geographic area:</div> </td> </tr> </table> </div> <div> <table cellpadding="0" class="DSPFListTable" id="zd7493815b1334370bf2766e6a3e0c070" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 72pt; vertical-align: top; text-align: right;"> <div style="text-align: left; margin-left: 54pt; color: #000000;">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: #000000;">United States: $5,890,229</div> </td> </tr> </table> </div> <div> <table cellpadding="0" class="DSPFListTable" id="z80c7fe66ea224e9fb0ae598ae48f27b8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0px;"> <tr> <td style="width: 36pt; vertical-align: top; text-align: right;"> <div style="text-align: left; margin-left: 18pt; color: #000000;">•</div> </td> <td style="width: auto; vertical-align: top;"> <div style="text-align: justify; color: #000000;">Major customers: There is no one customer accounted for with more than 10% of total revenue.</div> </td> </tr> </table> </div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Our segment assets primarily consist of real estate assets, cash and cash equivalents, restricted cash, investments income, rents and other receivables and prepaid expenses and other assets. The following table sets forth our segment assets as of June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zd7a8336518df44cc9616b77cb04b16e6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Corporate/Other</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>124,501,873</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>62,362,217</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>102,212,393</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,709,293</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>71,417,568</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">Our segment liabilities primarily consist of mortgage notes payable, net, deferred rent and other liabilities, accounts payable and accrued liabilities and due to related entities. The following table sets forth our segment liabilities as of June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbdb47276daef4d4095c7412686ef39d0" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Corporate/Other</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>76,519,760</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>76,438,260</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>63,786,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>54,453,530</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>15,756,849</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,558,945</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2 2 2 1 <div style="text-align: justify; color: rgb(0, 0, 0);">The Company’s segments derive revenue primarily from rental and other property income. The following financial metrics are regularly reviewed by the CODM:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z6dd45479c7444fcd96881441ab6ab11c" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Corporate/Other*</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Segment revenue</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>13,066,386</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>16,169,614</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,941,028</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>5,890,229</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Expenses:</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,840,535</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>5,023,986</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,358,672</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,116,012</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,718,340</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>384,583</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Depreciation and amortization</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,096,377</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>9,244,702</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,045,250</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>2,187,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Property operating and maintenance</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,898,174</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>4,643,532</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,180,853</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>2,730,328</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>3,200</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>12,190</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Asset management fees to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,389,022</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,449,487</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Bonus management fees to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>26,876</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">General and administrative</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>597,479</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>898,373</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>607,045</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>708,135</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>238,462</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>976,539</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Professional fees</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>893,098</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,820,775</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Administrative cost reimbursements to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>881,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>669,855</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Directors’ fees</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>159,000</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>149,223</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Transfer agent cost reimbursements to related party</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>6,145</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Impairment loss on assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,687,783</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>9,500,167</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>-</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Segment net loss</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(5,053,962</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(13,141,146</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(3,250,792</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(2,852,101</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,308,998</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>(7,468,797</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-style: italic;">Reconciliation of loss:</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Other income (loss), net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(29,955</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>9,251</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>2,060</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>20,856</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,514,037</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>(538,340</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Loss before income tax</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(5,083,917</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(13,131,895</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(3,248,732</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(2,831,245</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(5,794,961</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>(8,007,137</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>)</div> </td> </tr> </table> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">*Consists of corporate overhead expenses that are not directly attributable to our commercial and residential segments.</div> 13066386 16169614 6941028 5890229 0 0 4840535 5023986 3358672 3116012 1718340 384583 6096377 9244702 3045250 2187855 0 0 4898174 4643532 3180853 2730328 3200 12190 0 0 0 0 3389022 3449487 0 0 0 0 26876 0 597479 898373 607045 708135 238462 976539 0 0 0 0 893098 1820775 0 0 0 0 881000 669855 0 0 0 0 159000 149223 0 0 0 0 0 6145 1687783 0 0 0 0 0 0 -9500167 0 0 0 0 -5053962 -13141146 -3250792 -2852101 -7308998 -7468797 -29955 9251 2060 20856 1514037 -538340 -5083917 -13131895 -3248732 -2831245 -5794961 -8007137 13066386 16169614 3000000 6941028 5890229 <div style="text-align: justify; color: rgb(0, 0, 0);">Our segment assets primarily consist of real estate assets, cash and cash equivalents, restricted cash, investments income, rents and other receivables and prepaid expenses and other assets. The following table sets forth our segment assets as of June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zd7a8336518df44cc9616b77cb04b16e6" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Corporate/Other</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>124,501,873</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>62,362,217</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>102,212,393</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>3,709,293</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>71,417,568</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 124501873 62362217 107078634 102212393 3709293 71417568 <div style="text-align: justify; color: rgb(0, 0, 0);">Our segment liabilities primarily consist of mortgage notes payable, net, deferred rent and other liabilities, accounts payable and accrued liabilities and due to related entities. The following table sets forth our segment liabilities as of June 30, 2026 and 2025:</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zbdb47276daef4d4095c7412686ef39d0" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Commercial</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Residential</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Corporate/Other</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2025</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 28%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>76,519,760</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>76,438,260</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>63,786,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>54,453,530</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>15,756,849</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>11,558,945</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 76519760 76438260 63786186 54453530 15756849 11558945 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 17 – COMMITMENTS</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">We commenced the Aurora at Green Valley construction in September 2024. MRC Aurora entered into several contracts with third parties for the construction of the project. These contracts represented MRC Aurora’s commitment to incur future expenditures for the development of the project. The project was completed in phases, with construction fully completed in September 2025. Therefore, as of June 30, 2026, MRC Aurora had no outstanding commitments with third parties. As of June 30, 2025, the total commitments amounted to $5.91 million.</div> <div><br/> </div> </div> 0 5910000 <div style="color: rgb(0, 0, 0); font-weight: bold;">NOTE 18 – FORMATION OF MAC AND SUMMARIZED FINANCIAL INFORMATION</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">As discussed in Note 1, on January 1, 2026, the Company contributed all of its multi-family residential properties (Commodore, The Park View, Hollywood and Shoreline Apartments and Aurora at Green Valley) and the Blue Ridge development project to a newly formed entity, MAC, in exchange for 1,906,580 shares of MAC (on a 1:1 basis with the Parent Company’s outstanding shares). MAC is focused on developing and owning multi-family properties on the West Coast. The Parent Company is the sole shareholder of MAC as of June 30, 2026.</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);"> <div style="color: #000000;">In connection with the formation of MAC, MAC OP was established as the operating partnership through which substantially all of MAC’s business is conducted. The contributed properties and development project are held by MAC OP, which directly or indirectly owns and operates a portfolio of five residential properties and one development project. MAC owns all the limited partnership units except for 1 owned by the Operating Partnership and is the sole general partner of MAC OP.</div> </div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The following summarized financial information presents the combined financial position and results of operations of MAC and its subsidiaries (collectively, the “MAC Group”), including MAC OP and its consolidated real estate entities.</div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Basis of Presentation</div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0);">The summarized financial information has been derived from the Company’s consolidated financial statements and reflects the financial position and results of operations of the MAC Group. Intercompany transactions within the MAC Group have been eliminated; however, transactions between the MAC Group and the Company have not been eliminated. This information is not intended to present the MAC Group as if it were a standalone independent entity.</div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-weight: bold;">Condensed Balance Sheet — MAC Group</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc344489ee217462da3858cd36728ee6f" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>103,768,407</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Cash, cash equivalents and restricted cash</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,781,323</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Other assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,528,904</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Mortgage notes payable and other notes payable, net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>62,155,029</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Due to related entities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>513,799</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Accounts payable and accrued liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>387,083</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Dividend payable</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>85,796</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Other liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>644,479</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 1px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 1px; white-space: nowrap;" valign="bottom"> <div>63,786,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Stockholders’ equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>33,079,838</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Non-controlling interests</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>10,212,610</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>43,292,448</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities and equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="color: rgb(0, 0, 0); font-weight: bold;">Condensed Statement of Operations — MAC Group</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9073013d07a54c9ea76ee2064d8b58ca" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Year Ended</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <br/> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Rental, reimbursements and other property income</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">3,793,688</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Expenses</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt; margin-left: 9pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,764,346</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Depreciation and amortization</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,580,907</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Property operating and maintenance</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,629,442</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">General and administrative</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">499,648</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt; font-size: 10pt;">Total operating expenses</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">5,474,343</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt; font-size: 10pt;">Operating loss</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,680,655</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Other income</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">35,565</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Net loss</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,645,090</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Net income attributable to non-controlling interests</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,291,972</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Net loss attributable to common stockholders</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(2,937,062</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> </table> 1906580 0.01 5 1 1 <div style="color: rgb(0, 0, 0); font-weight: bold;">Condensed Balance Sheet — MAC Group</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="zc344489ee217462da3858cd36728ee6f" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;"> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; font-size: 10pt; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Real estate assets, net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>103,768,407</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Cash, cash equivalents and restricted cash</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>1,781,323</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Other assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>1,528,904</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total assets</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Mortgage notes payable and other notes payable, net</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>62,155,029</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Due to related entities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>513,799</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Accounts payable and accrued liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>387,083</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div>Dividend payable</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div>85,796</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Other liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>644,479</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 1px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 1px; white-space: nowrap;" valign="bottom"> <div>63,786,186</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 1px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>Stockholders’ equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>33,079,838</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div>Non-controlling interests</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>10,212,610</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div>43,292,448</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; padding-left: 27pt; width: 88%; white-space: nowrap;" valign="bottom"> <div> </div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Total liabilities and equity</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div>107,078,634</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table><div style="color: rgb(0, 0, 0); font-weight: bold;">Condensed Statement of Operations — MAC Group</div> <div><br/> </div> <table cellpadding="0" class="cfttable" id="z9073013d07a54c9ea76ee2064d8b58ca" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Year Ended</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <br/> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Rental, reimbursements and other property income</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">3,793,688</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Expenses</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt; margin-left: 9pt;">Interest expense</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,764,346</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Depreciation and amortization</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,580,907</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Property operating and maintenance</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,629,442</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">General and administrative</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">499,648</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt; font-size: 10pt;">Total operating expenses</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">5,474,343</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; width: 88%; white-space: nowrap;" valign="bottom"> <div style="margin-left: 18pt; font-size: 10pt;">Operating loss</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,680,655</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Other income</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">35,565</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><br/> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Net loss</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,645,090</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Net income attributable to non-controlling interests</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,291,972</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td colspan="1" style="vertical-align: middle; font-size: 10pt; width: 88%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0);">Net loss attributable to common stockholders</div> </td> <td class="cftguttercell" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(2,937,062</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> </table> 103768407 1781323 1528904 107078634 62155029 513799 387083 85796 644479 63786186 33079838 10212610 43292448 107078634 3793688 1764346 1580907 1629442 499648 5474343 -1680655 35565 -1645090 1291972 -2937062 <div> <div style="text-align: justify; color: #000000; font-weight: bold;">NOTE 19 – SUBSEQUENT EVENTS</div> <div><br/> </div> <div style="text-align: justify;"><span style="color: #000000;">The Company has evaluated events and transactions occurring after June 30, 2026</span>,<span style="color: #000000;"> through the date these consolidated financial statements were issued for potential recognition or disclosure in the consolidated financial statements and identified the following material subsequent events.</span></div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-weight: bold;">Additional Streeterville Secured Promissory Notes</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In addition to the promissory notes discussed in Note 10, on August 13, 2026, the Company issued the fifth secured promissory note (“Note #5”) to the Investor under the note purchase agreement in the aggregate principal amount of $547,500 which included an original issue discount of $45,000 and transaction expenses of $2,500. Note #5 matures on February 13, 2028.  Proceeds from Note #5 were used to begin the purchase of approximately 130,000 shares of National Healthcare Properties, Inc. (“NHP”) for $7.27 per share of common stock in a tender offer, which stock automatically converts to Class A common stock on October 19, 2026, which has closed on the New York Stock Exchange in the range of $14.65 and $17.08 since June 30, 2026.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">Also on August 13, 2026, the Company issued a promissory note (“Collateral Note”) in the principal amount of $1,370,000, which included an original issue discount of $68,500 and transaction expenses of $1,500. The Collateral Note matures on October 30, 2026.  The proceeds of the Collateral Note were used to provide collateral to support the short sale of 80,000 shares of NHP at an average price of $16.35 per share, which short position the Company intends to close by delivery of shares on or about October 19, 2026.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">On August 26, 2026, the Company issued the sixth secured promissory note (“Note #6”) to the Investor under the note purchase agreement in the aggregate principal amount of $547,500 which included an original issue discount of $45,000 and transaction expenses of $2,500. Note #6 matures on February 26, 2028.  The proceeds of Note #6 were used to purchase the remaining shares described above regarding Note #5.</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">For the first five months following issuance of each secured promissory note, the Company is required to make monthly payments equal to the accrued interest. Beginning in the sixth month and continuing until maturity, the Company must make monthly payments of $45,625 and $45,625 on Note #5 and Note #6, respectively, plus accrued interest.</div> <div><br/> </div> <div style="text-align: justify; color: #000000; font-weight: bold;">Sale of Woodland Corporate Center Two</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">In September 2026, the Company entered into a purchase and sale agreement with a third party to sell Woodland Corporate Center Two, which was held for sale and discussed in Note 5. The sale is subject to customary closing conditions.</div> </div> <div> <br/> </div> <div> <div style="text-align: justify; color: #000000; font-weight: bold;">Line of Credit Amendment</div> <div><br/> </div> <div style="text-align: justify; color: #000000;">On September 28, 2026, the Company amended its revolving line of credit agreement with PRES, discussed in Note 10, to increase the maximum amount available under the line of credit from $10,000,000 to $18,000,000. The amendment did not change the fixed annual interest rate of 10% or the maturity date of December 31, 2027.</div> </div> 547500 45000 2500 2028-02-13 130000 7.27 14.65 17.08 1370000 68500 1500 2026-10-30 80000 16.35 547500 45000 2500 45625 45625 10000000 18000000 0.10 2027-12-31 <div> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">MacKenzie Realty Capital, Inc.</div> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Schedule III- Real Estate Properties and Accumulated Depreciation</div> <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June 30, 2026</div> <div><br/> </div> </div> <table border="0" cellpadding="0" class="cfttable" id="zf742bd9517e54495ac116c9db5d2d821" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold;"> </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Initial Costs (A)</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Subsequent Adjustments (B)</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-size: 10pt; font-weight: bold;">Property:</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 10%;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Acquisition Date</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Encumbrances at<br/> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Land</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Building &amp;<br/> Improvements</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Land</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Building &amp;<br/> Improvements</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Accumulated<br/> Impairment</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Gross Amount Carried at<br/> June 30, 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Accumulated<br/> Depreciation</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Commodore Apartments</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">March 5, 2021</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">6,725,997</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">5,519,963</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">7,488,715</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">296,653</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">13,305,331</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,391,476</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">The Park View Apartments</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">March 5, 2021</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">8,373,180</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">4,317,013</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">11,751,249</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">300,908</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">16,369,170</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,813,486</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Hollywood Apartments</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">October 4, 2021</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">11,051,695</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">8,704,577</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">10,957,891</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">3,301,755</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">22,964,223</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(2,519,633</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Shoreline Apartments</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">May 16, 2022</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">17,619,171</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">7,559,390</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">20,124,777</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">705,524</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">28,389,691</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">(3,350,690</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Satellite Place Office Building</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">June 1, 2022</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">5,773,643</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">2,966,129</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">10,716,785</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(335,855</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">13,347,059</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(2,066,849</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Aurora at Green Valley</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">May 6, 2022</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">17,139,795</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">3,050,000</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">54,066</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">27,080,342</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">30,184,408</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(860,874</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">First &amp; Main Office Building</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">July 23, 2022</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">11,946,286</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">966,315</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">16,916,966</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">438,214</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">18,321,495</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,776,716</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1300 Main Office Building</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">October 1, 2022</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">7,785,980</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">805,575</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">14,534,693</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">114,862</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">15,455,130</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,342,586</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Main Street West Office Building</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">February 1, 2023</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">9,186,281</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,433,698</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">24,990,793</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,408,445</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(9,403,608</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">18,429,328</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(2,222,070</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">220 Campus Lane Office Building</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">September 1, 2023</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">2,044,119</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,357,288</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,269,710</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">413,044</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">3,040,042</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(110,335</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Campus Lane Land</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">September 1, 2023</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,100,192</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,503,758</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">28,236</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">777,590</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">2,309,584</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Green Valley Executive Center</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">January 1, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">12,333,146</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,352,865</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">20,166,824</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">169,545</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">21,689,234</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,894,051</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">One Harbor Center</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">May 1, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">7,387,309</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,364,866</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">13,184,962</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">177,804</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">14,727,632</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,560,136</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Green Valley Medical Center</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">August 1, 2024</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">7,660,973</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,582,517</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">11,292,732</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">213,563</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">13,088,812</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,056,178</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;"> </div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">  </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">126,127,767</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">42,483,954</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">163,396,097</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">82,302</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">35,062,394</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(9,403,608</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">231,621,139</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(21,965,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;"><span style="text-decoration:underline">Property held for sale:</span></div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 9%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">Woodland Corporate Center</div> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td style="vertical-align: bottom; width: 10%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">January 3, 2023</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">5,739,990</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">1,840,468</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">9,728,066</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">601,407</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,687,783</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">10,482,158</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 7%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(1,066,212</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> </table> <div> <div><br/> </div> <div style="color: rgb(0, 0, 0); font-size: 8pt;">(A) The initial cost to the Company represents the original purchase price of the investment property.</div> <div style="color: rgb(0, 0, 0); font-size: 8pt;">(B) Subsequent adjustments to basis include partial dispositions and costs capitalized subsequent to acquisitions.</div> <div><span style="font-size: 12pt; color: rgb(0, 0, 0);"> </span><br/> </div> <div style="color: rgb(0, 0, 0);">A summary of activity for real estate and accumulated depreciation for the years ended June 30, 2026 and 2025:</div> <div><br/> </div> </div> <table cellpadding="0" class="cfttable" id="z04249258e9124e468dcb2ce57c157055" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">Year Ended June 30,</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold;">Real Estate</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;"> 2026</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-size: 10pt; font-weight: bold;">2025</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Balance at the beginning of the year</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">237,577,153</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">214,246,049</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Additions- acquisitions</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">6,213,927</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">32,734,712</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Impairment loss</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">(9,403,608</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="color: rgb(0, 0, 0); font-size: 10pt;">)</div> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Impairment loss on assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"><br/> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">(1,687,783</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Reclassified to assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">(10,482,158</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Balance at the end of the year</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">231,621,139</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">237,577,153</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;"> </div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt; font-weight: bold;">Accumulated Depreciation</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Balance at the beginning of the year</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">17,929,075</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">10,026,646</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Depreciation expense</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">7,239,178</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">7,902,429</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Disposals</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">(2,136,961</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Reclassified to assets held for sale</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">(1,066,212</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">)</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">-</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 64%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">Balance at end of the year</div> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">21,965,080</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">$</div> </td> <td class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> <div style="font-size: 10pt;">17,929,075</div> </td> <td class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2021-03-05 6725997 5519963 7488715 0 296653 0 13305331 1391476 2021-03-05 8373180 4317013 11751249 0 300908 0 16369170 1813486 2021-10-04 11051695 8704577 10957891 0 3301755 0 22964223 2519633 2022-05-16 17619171 7559390 20124777 0 705524 0 28389691 3350690 2022-06-01 5773643 2966129 10716785 0 -335855 0 13347059 2066849 2022-05-06 17139795 3050000 0 54066 27080342 0 30184408 860874 2022-07-23 11946286 966315 16916966 0 438214 0 18321495 1776716 2022-10-01 7785980 805575 14534693 0 114862 0 15455130 1342586 2023-02-01 9186281 1433698 24990793 0 1408445 9403608 18429328 2222070 2023-09-01 2044119 1357288 1269710 0 413044 0 3040042 110335 2023-09-01 1100192 1503758 0 28236 777590 0 2309584 0 2024-01-01 12333146 1352865 20166824 0 169545 0 21689234 1894051 2024-05-01 7387309 1364866 13184962 0 177804 0 14727632 1560136 2024-08-01 7660973 1582517 11292732 0 213563 0 13088812 1056178 126127767 42483954 163396097 82302 35062394 9403608 231621139 21965080 2023-01-03 5739990 1840468 9728066 0 601407 1687783 10482158 1066212 237577153 214246049 6213927 32734712 0 -9403608 1687783 0 -10482158 0 231621139 237577153 17929075 10026646 7239178 7902429 -2136961 0 -1066212 0 21965080 17929075 2026 0.1 0.1 18.10 http://fasb.org/us-gaap/2026#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2026#EquitySecuritiesFvNiUnrealizedGainLoss http://fasb.org/us-gaap/2026#EquitySecuritiesFvNiUnrealizedGainLoss http://fasb.org/us-gaap/2026#RealEstateInvestmentPropertyNet http://fasb.org/us-gaap/2026#RealEstateInvestmentPropertyNet http://fasb.org/us-gaap/2026#RealEstateInvestmentPropertyNet http://fasb.org/us-gaap/2026#RealEstateInvestmentPropertyNet The following table provides the projected principal payments on the loan for the next two years:<table cellpadding="0" class="cfttable" id="z277d129534204bd0bd05477f383ac661" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%; border-spacing: 0px;"> <tr> <td style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="font-weight: bold;">Fiscal Year Ending June 30, :</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div style="text-align: center; font-weight: bold;">Principal</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: bottom; font-size: 10pt; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> <div>2027</div> </td> <td class="cftguttercell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> <td class="cftcurrcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>$</div> </td> <td class="cftnumcell" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" valign="bottom"> <div>5,805,598</div> </td> <td class="cftfncell" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px; white-space: nowrap;" valign="bottom"> </td> </tr> </table> 2030-04-30 http://mackenziecapital.com/20260630#OperatingPartnershipMember 2025-09-30 2025-12-31 2026-03-31 2026-06-30 2025-09-30 2025-12-31 2026-03-31 2026-06-30 2024-09-30 2024-12-31 2025-03-31 2025-06-30 2024-09-30 2024-12-31 2025-03-31 2025-06-30 2026-10-31 2026-10-31 2026-10-31 0001550913 false FY 0.50 After giving effect to the 1-for-10 Reverse Stock Split that was effective August 4, 2025. Amount is less than $1. After giving effect to the 1-for-10 Reverse Stock Split that was effective August 4, 2025. The general partner has a 1% partnership interest but is also entitled to profit sharing distributions ranging from 25% to 50% after certain thresholds are met. Primarily includes tenant reimbursements for utilities and common area maintenance. 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. Offering costs paid by MacKenzie - discussed in this Note under organization and offering costs reimbursements. Expenses paid by MacKenzie and General Partner of a subsidiary on behalf of us and subsidiary. Fees paid for redemption lockup agreements Of the total dividends declared for Series B during the year ended June 30, 2026, $273,582 was an increase in liquidation preference and $91,193 was the cash dividend. Of the total distributions declared for Series B during the year ended June 30, 2026, $97,227 was an increase in liquidation preference and $32,412 was the cash dividend. Of the total dividends declared for Series B during the year ended June 30, 2025, $204,889 was an increase in liquidation preference and $68,292 was the cash dividend. Of the total distributions declared for Series B during the year ended June 30, 2025, $97,229 was an increase in liquidation preference and $32,410 was the cash dividend. Consists of corporate overhead expenses that are not directly attributable to our commercial and residential segments. The initial cost to the Company represents the original purchase price of the investment property. Subsequent adjustments to basis include partial dispositions and costs capitalized subsequent to acquisitions.