REAL ESTATE ASSETS

9 Months Ended

Sep. 30, 2025

Real Estate [Abstract]

REAL ESTATE ASSETS

5. REAL ESTATE ASSETS

As of September 30, 2025 and December 31, 2024, real estate assets consisted of the following:

Rental properties at December 31, 2024	$	30,695,669
Depreciation		(806,037	)
Rental properties at September 30, 2025	$	29,889,632

Rental properties at December 31, 2023	$	31,770,386
Depreciation		(1,074,717	)
Rental properties at December 31, 2024	$	30,695,669

Single family residential properties

As of September 30, 2025 and December 31, 2024, the Company owned 132 Single Family Residential Properties (“SFRs”). The Company’s aggregate investment in those SFRs was $31 million. Depreciation expense was $264,052 and $264,052 in the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $792,155 and $792,155 in the nine months ended September 30, 2025 and 2024, respectively. These homes are located in Montgomery and Harris Counties, Texas.

The following table presents the summary of our SFRs as of September 30, 2025:

	Number of Homes		Aggregate Initial Investment		Average Investment per Home
SFRs		132	$	31,388,691	$	237,793