What changed
Total NAV was $670.2 million across 24,438,197 outstanding shares and units as of October 31, 2026. Real estate investments totaled $1.15 billion, offset by $480.0 million in mortgage notes, revolving credit facility, secured lending agreement and financing obligation, net, and $428.7 million in non-controlling interests in joint ventures. The December 1, 2026 transaction price for each share class equals that class's NAV per share as of October 31, 2026.
Why it matters
Total NAV was $670.2 million across 24,438,197 outstanding shares and units as of October 31, 2026. Real estate investments totaled $1.15 billion, offset by $480.0 million in mortgage notes, revolving