Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

12.SUBSEQUENT EVENTS

Management has evaluated subsequent events and determined to disclose the following subsequent events and transactions.

July Financial Update

As of July 1, 2024, the Company issued and sold the following unregistered shares of the Company to third party investors for cash:

	Series I					Series II
Type	Number of Shares Sold			Aggregate Consideration		Number of Shares Sold			Aggregate Consideration
A-I Shares		223,200	$		5,580		97,800	$		2,445
F-I Shares		80,000			2,000		254,000			6,350

Distribution Reinvestment Plan

Not applicable.

Share Repurchases

Not applicable.

Restricted Share Plan for Independent Directors

On August 12, 2024, the Board approved the Company’s Restricted Share Plan for Independent Directors (the “Restricted Share Plan”). Pursuant to the Restricted Share Plan, on an annual basis, the Company expects to pay each independent director an annual grant of restricted stock based on the then-current per Share transaction price of its E Shares at the time of grant, with the remainder expected to be paid in cash. Restricted stock grants will generally vest one year from the date of grant.