Amendments to Bylaws (Form 8-K)

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On June 12, 2025, the Company, upon approval by the Company's board of directors, filed Articles of Amendment (the "Amendment") with the State Department of Assessments and Taxation of Maryland. The Amendment reduced the total number of authorized shares of stock of the Company from 900,000,000 to 225,000,000. Specifically, before the Amendment, the Company's authorized shares of stock consisted of: (i) 700,000,000 shares of common stock, $0.001 par value per share, of which 125,000,000 shares were designated as Class A Common Stock, 10,000,000 shares were designated as Class T Common Stock, and 565,000,000 shares were common stock without designation as to class or series; and (ii) 200,000,000 shares of preferred stock, $0.001 par value per share. As a result of the Amendment, the Company's authorized shares of stock now consist of: (i) 175,000,000 shares of common stock, $0.001 par value per share, of which 31,250,000 shares are designated as Class A Common Stock, 2,500,000 shares are designated as Class T Common Stock, and 141,250,000 are common stock without designation as to class or series; and (ii) 50,000,000 shares of preferred stock, $0.001 par value per share.

The summary above is qualified in its entirety by reference to the full text of the Articles of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.