On April 25, 2022, the Company’s Board declared a quarterly dividend of $0.38 per share, payable on June 30, 2022 to stockholders of record on June 15, 2022.

On April 1, 2022, the Company acquired The Adair and Estates on Maryland, from investors in a Delaware Statutory Trust managed by an entity affiliated with the Adviser, for total consideration of $143.4 million (the “Purchase Price”), as detailed in the table below (dollars in thousands). The Purchase Price consisted of 26,558 OP Units (valued at $2.6 million) that were issued on April 1, 2022 and approximately $71.1 million in cash. The number of OP Units issued was calculated by dividing $2.6 million by the midpoint of the range of the Company’s net asset value as publicly disclosed in connection with the Company’s release of its fourth quarter of 2021 earnings results, which was $98.30 per share. The Company’s Audit Committee approved the acquisitions. These transactions were initially disclosed in our Form 10-K.

Property Name	Location	Purchase Price		Mortgage Debt		# Units		Effective Ownership
The Adair	Sandy Springs, GA	$	65,500	$	35,115		232		100	%
Estates on Maryland	Phoenix, AZ		77,900		43,157		330		100	%
		$	143,400	$	78,272		562