Actively seeking and pursuing suitable model home investment opportunities with builders under triple-net leases, particularly in Sunbelt states and market areas with strong employment in technology, artificial intelligence (AI), and industrial automation.

Expected impact: To grow the Model Home portfolio as a percentage of total real estate assets (which stood at 33.8% of total real estate assets as of December 31, 2025) to capture upside potential and stable triple-net lease cash flows.

Actively evaluating the commercial portfolio for leasing, potential sale, hold, or buy decisions, and selectively selling non-core commercial assets to reduce leverage and improve liquidity.

Expected impact: Shedding underperforming or non-core commercial properties to strengthen the balance sheet. This is demonstrated by the sale of Dakota Center in January 2026 for $4.7 million net, which recognized a $3.4 million net gain but reduced ongoing commercial rental income.

Implementing cost-containment initiatives, including headcount reductions, executive pay cuts, and board consolidation to lower general and administrative expenses.

Expected impact: To reduce G&A expenses which remained flat at $1.7 million (44.4% of revenue) in Q1 2026. Headcount reductions began in Q1 2026 with more expected during the year, alongside a reduction in board size from six to five members in June 2026.