16. Subsequent Events

In October 2026, the Company amended and extended its existing structured finance loan related to a property in the Sunset Park neighborhood of Brooklyn, New York. In connection with the transaction, the Company received a $20.0 million payment and acquired the property’s senior loan, investing approximately $120.0 million of incremental capital, net of the payment. The Company’s investments were consolidated into a new $200.0 million financing secured, directly or indirectly, by the property. The financing bears interest at the greater of SOFR plus 300 basis points or 8.0%, a portion of which may accrue. It has an initial term of four years with two one-year extension options, and the Company has committed to fund up to an additional $40.0 million, each subject to certain conditions. The Company funded the transaction with borrowings under its Revolving Credit Facility.

In October 2026, the Company sold the property located at 1801-1803 Connecticut Avenue in Washington, D.C. for $3.8 million.