What changed
The company sold 358,697 Class I shares for $8,949,500 and 35,112 Class S shares for $876,300, totaling $9,825,800 in aggregate consideration, including $1,300 in upfront selling commissions. Separately, it originated a $77.9 million floating rate first mortgage loan on a 1.0 million square foot, 5-building industrial asset in Richmond, Virginia, at one-month SOFR plus 2.50% with a three-year initial term and two one-year extension options.
Why it matters
The company sold 358,697 Class I shares for $8,949,500 and 35,112 Class S shares for $876,300, totaling $9,825,800 in aggregate consideration, including $1,300 in upfront selling commissions. Separate