v3.25.4
Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 15 – Subsequent Events

The Company has evaluated subsequent events through March 13, 2026, the date the consolidated financial statements were issued, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following transactions:

Common Stock Distributions

On January 29, 2026, the Company announced that the Board authorized distributions to stockholders of record as of January 31, 2026, that the Company paid on or about February 19, 2026 for each class of its common stock in the amount per share set forth below:

 

 

 

Common Stock

 

 

 

Class P

 

 

Class A

 

 

Class T

 

 

Class D

 

 

Class I

 

Aggregate gross distributions declared per share

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

Stockholder servicing fee per share

 

N/A

 

 

N/A

 

 

 

0.0104

 

 

 

0.0030

 

 

N/A

 

Net distributions declared per share

 

$

0.1042

 

 

$

0.1042

 

 

$

0.0938

 

 

$

0.1012

 

 

$

0.1042

 

On February 26, 2026, the Company announced that the Board authorized distributions to stockholders of record as of February 28, 2026, payable on or about March 18, 2026 for each class of its common stock in the amount per share set forth below:

 

 

 

Common Stock

 

 

 

Class P

 

 

Class A

 

 

Class T

 

 

Class D

 

 

Class I

 

Aggregate gross distributions declared per share

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

 

$

0.1042

 

Stockholder servicing fee per share

 

N/A

 

 

N/A

 

 

 

0.0093

 

 

 

0.0027

 

 

N/A

 

Net distributions declared per share

 

$

0.1042

 

 

$

0.1042

 

 

$

0.0949

 

 

$

0.1015

 

 

$

0.1042

 

Preferred Stock Distribution

On February 26, 2026, the Company announced that the Board authorized a distribution on its Series A Preferred Stock to stockholders of record as of March 15, 2026, payable on or about March 30, 2026 in the amount of $0.421875 per share.