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Agreements and Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Summary of Expense Payments and related Reimbursement Payments

The following table shows the summary of expense payments and related reimbursement payments since the Company’s commencement of operations:

 

 

Expense Payments Made by Advisor

 

Cumulative Reimbursement Payments to Advisor

 

Unreimbursed Expense Payments

 

Reimbursement Eligibility Expiration

 

Effective Rate of Distribution per share of Common Stock

 

Operating Expense Ratio

 

For the Quarter Ended

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2024(1)

$

2,831

 

$

464

 

$

2,367

 

September 30, 2027

 

 

0.00

%

 

37.07

%

December 31, 2024

 

1,143

 

 

—

 

 

1,143

 

December 31, 2027

 

 

0.00

%

 

7.30

%

March 31, 2025

 

1,313

 

 

—

 

 

1,313

 

March 31, 2028

 

 

0.00

%

 

2.34

%

Total

$

5,287

 

$

464

 

$

4,823

 

 

 

 

 

 

 

 

(1)
Included in this amount is $1,562 of Expense Payments made by the Advisor relating to expenses incurred by the Company for the period from October 16, 2023 (Inception) through the quarter ended June 30, 2024.