Forman Michael C. bought NONE

Footnotes

This Amendment to the Form 4 originally filed on July 2, 2026 is being filed solely to correct the amount of Class I Common Stock reported in Column 5 of Table I as beneficially owned by the Reporting Person following the reported transaction. The amount reported in the original Form 4 inadvertently omitted 68,231.184 Class I shares that the Reporting Person already beneficially owned prior to the reported transaction. Accordingly, the corrected amount of Class I Common Stock beneficially owned by the Reporting Person following the reported transaction is 139,577.814 shares, consisting of the 71,346.63 shares reported in the original Form 4 plus the 68,231.184 previously owned shares that were omitted. This Amendment does not otherwise change any other information reported in the original Form 4.; The reporting person disclaims beneficial ownership of any shares held by Franklin Square Holdings, L.P., FS Real Estate Advisor, LLC and FSH Seed Capital Vehicle I LLC, a wholly owned subsidiary of Franklin Square Holdings, L.P., that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.