Austin Peña has been a director and has served as our president since 2025. He had previously served as our executive vice president, investments since January 2022. Mr. Peña is a managing director in BREDS, where he leads the Portfolio Strategy team. Mr. Peña is involved in sourcing, underwriting and structuring commercial real estate debt investments across all asset types. Prior to joining Blackstone in 2013, Mr. Peña worked at Barclays in the Real Estate Investment Banking Group, where he was involved in advising REITs and other real estate companies on mergers and acquisitions, restructurings and capital markets transactions. Prior to joining Barclays, Mr. Peña worked in a similar capacity at Lehman Brothers. Qualifications: Mr. Peña graduated magna cum laude with a B.S. in Economics from the University of Pennsylvania. We believe Mr. Peña's experience and background as President of the Company and a managing director of BREDS and his strong record of success in investing in real estate-related assets provide our board of directors with valuable strategic insight and positions him to contribute to the board of directors oversight of the Company's business.