RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Expense Payments and Related Reimbursement Payments and Affiliate Service

The following table presents a summary of the expense payments and related reimbursement payments since the Company's commencement of operations ($ in thousands):


For the Month Ended	Expense Payments by Adviser		Reimbursement to Adviser		Unreimbursed Expense Payments
From commencement to December 31, 2025	$	7,049	$	—	$	7,049
January 31, 2026	383		—		383
February 28, 2026	395		—		395
March 31, 2026	630		—		630
Total	$	8,457	$	—	$	8,457

The following table details the amounts incurred for affiliate service providers ($ in thousands):


	For the Three Months Ended March 31, 2026
Revantage Corporate Services, LLC(1)	$	3
BRIO Real Estate, L.L.C.(2)	230
Total	$	233

(1)Revantage Corporate Services, LLC is a portfolio company owned by Blackstone-advised investment vehicles, that provides, as applicable, corporate support services, operational services, and management services. These services are provided on an allocated cost basis.

(2)BRIO Real Estate, LLC is a portfolio company owned by Blackstone-advised investment vehicles that provides, as applicable, corporate support services, operational services, and management services. These services are provided on an allocated cost basis.