What changed 10-K

Item 3. Legal Proceedings

2025-02-26 compared with 2024-02-26 · 1 added, 1 removed, 9 unchanged (18% of the section changed)

5 unchanged sentences

As described in more detail in Part I, Item 3, "Legal Proceedings" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, due to the sponsor’s fraud and default under the loan the Company foreclosed on all of the Collateral Properties in 2022 and 2023.

The Company is marketing the Collateral Properties for sale and is actively pursuing its civil remedies.

The Company has sold the majority of the Collateral Properties, continues to market the remainder for sale, and continues to actively pursue its civil remedies.

Note that the collectability, if any, of legal judgments we have achieved to date and that we may achieve in the future is not currently determinable.

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.