Subsequent Events	3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	6. SUBSEQUENT EVENTS Management has evaluated subsequent events through May 13, 2024 and determined to disclose the following subsequent events and transactions. On May 3, 2024, the Company entered into the operating agreement with the Operating Manager. On May 3, 2024, the Company’s shareholders, sole member and operating manager executed the Company’s Amended and Restated Limited Liability Company Agreement, which amended and restated the LLC Agreement. On May 3, 2024, the Company received a seed investment from a subsidiary of Apollo in the form of the purchase of $50,000,000 of the Company’s E Shares in Series II, to assist the Company initiate operational and acquisition activities, at a price of $25 per share. Following such investment, the escrowed purchase order proceeds were released to the Company. In connection with the seed investment by Apollo, the Company and Apollo entered into a letter agreement pursuant to which Apollo may request the repurchase of such E Shares, from time to time, at the then-applicable NAV per Share. The Company expects to repurchase such E shares upon request to the extent the amount of the repurchase request does not exceed the Company’s available liquidity, in its sole discretion, from capital provided by third-party investors’ purchases of Investor Shares of the Company net of any actual or anticipated investor repurchase requests pursuant to the Share Repurchase Plan, which would not be detrimental to the liquidity or operational and acquisition activities of the Company. Such repurchases of Apollo’s E Shares will not be pursuant to, or subject to any limitations under, the Repurchase Plan, including the 5.0% repurchase limitation thereunder.

Subsequent Events

3 Months Ended

Mar. 31, 2024

SUBSEQUENT EVENTS

Management has evaluated subsequent events through May 13, 2024 and determined to disclose the following subsequent events and transactions.

On May 3, 2024, the Company entered into the operating agreement with the Operating Manager.

On May 3, 2024, the Company’s shareholders, sole member and operating manager executed the Company’s Amended and Restated Limited Liability Company Agreement, which amended and restated the LLC Agreement.

On May 3, 2024, the Company received a seed investment from a subsidiary of Apollo in the form of the purchase of $50,000,000 of the Company’s E Shares in Series II, to assist the Company initiate operational and acquisition activities, at a price of $25 per share. Following such investment, the escrowed purchase order proceeds were released to the Company. In connection with the seed investment by Apollo, the Company and Apollo entered into a letter agreement pursuant to which Apollo may request the repurchase of such E Shares, from time to time, at the then-applicable NAV per Share. The Company expects to repurchase such E shares upon request to the extent the amount of the repurchase request does not exceed the Company’s available liquidity, in its sole discretion, from capital provided by third-party investors’ purchases of Investor Shares of the Company net of any actual or anticipated investor repurchase requests pursuant to the Share Repurchase Plan, which would not be detrimental to the liquidity or operational and acquisition activities of the Company. Such repurchases of Apollo’s E Shares will not be pursuant to, or subject to any limitations under, the Repurchase Plan, including the 5.0% repurchase limitation thereunder.