Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2025

Subsequent Events [Abstract]

Schedule of Projects Purchased and Square Feet

The following table details the projects purchased and the square feet (SF) of the warehouses:

City	Street Address	36’ Clear Height SF	Ownership Acquired	Status
Delray Beach, FL	14130 S State Rd. 7	199,476	10%(1)	Substantial completion Q4 2025
Delray Beach, FL	14130 S State Rd. 7	392,976	10% (1)	Land for 2 warehouses
Hamilton, NJ	600 Horizon Dr.	170,800	8.5% (1)	Substantial completion Q4 2025
Parsippany, NJ	8 Lanidex Plaza W.	140,031	10% (1)	Substantial completion Q1 2026
Lakeland, FL	8161 State Rd. 33	201,420	10% (2)	Substantial completion Q2 2026
Davie, FL	6900 W. State Rd 84	182,773	20% (2)	Substantial completion Q2 2026
		1,287,476
Southwest Ranches, FL	SW 202nd Ave. & Sheridan St.	335,617		Land acquisition contract 2026

(1)General Partner investment, distributions will be based upon waterfall model.

(2)FRP already owns the remaining portion.