The Trust owns seven self-storage facilities, five in Florida and one each in North Carolina and Tennessee, with about 4,880 units and 414 rentable parking spaces, bought all-cash from unaffiliated sellers on December 15, 2025 for $96.75 million. The Properties are master leased to an IPC affiliate, which runs them through Devon, an affiliated self-storage operator, and pays the Trust base, additional and supplemental rent tied to gross income. The Trust aims to pay monthly distributions from net cash flow, preserve property value and later sell the Properties or contribute them to a REIT operating partnership in a Section 721 transaction.