SHARE OFFERINGS AND FEES

3 Months Ended

Sep. 30, 2023

SHARE OFFERINGS AND FEES [Abstract]

SHARE OFFERINGS AND FEES

NOTE 12 – SHARE OFFERINGS AND FEES

During the three months ended September 30, 2023, we issued 60,063.66 common shares with total gross proceeds of $443,271 under the DRIP. Additionally, in July 2023, we issued 2,265 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.

During the three months ended September 30, 2023, we issued 54,394.20 Series A preferred shares with total gross proceeds of $1,359,350 under the Offering Circular and incurred syndication costs of $143,695 in relation to preferred shares offering. For the three months ended September 30, 2023, we issued 1,771.45 Series A preferred shares with total gross proceeds of $39,858 under the DRIP.

During the three months ended September 30, 2022, we issued 41,884.51 common shares with total gross proceeds of $386,385 under the DRIP. In September 2022, we issued 169.97 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership as discussed in Note 1.