Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2024

The following table presents a summary of such fees and reimbursements incurred pursuant to the Cost Sharing Agreement between Terra LLC and Terra REIT:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Amounts Included in the Statements of Operations
Asset management and asset servicing fees	$	277,621	$	428,883	$	667,679	$	863,433
Operating expense reimbursement to Adviser (1)	320,214		406,480		702,508		712,360
Origination, extension and disposition fees	137,405		126,754		356,397		317,752

_______________

(1)Amounts were primarily compensation for time spent supporting the Company’s day-to-day operations.


	June 30, 2024						December 31, 2023
	Participating Interests		Principal Balance		Carrying Value		Participating Interests		Principal Balance		Carrying Value
370 Lex Part Deux, LLC (1)	35.0	%	$	24,491,877	$	24,491,877	35.0	%	$	24,491,877	$	24,491,877
RS JZ Driggs, LLC (1)	50.0	%	2,673,224		2,673,224		50.0	%	2,627,373		2,627,373
Allowance for credit losses			—		(10,367,310)				—		(9,234,320)
Total			$	27,165,101	$	16,797,791			$	27,119,250	$	17,884,930

_______________

(1)The loan is held in the name of Terra REIT, the Company’s parent entity.

The following table summarizes the investment that was subject to a PA with investment partnership affiliated with the REIT Manager as of June 30, 2024. There was no such investment as of December 31, 2023.


					June 30, 2024
					Transfers treated as obligations under participation agreements
	Principal		Carrying Value		% Transferred		Principal		Carrying Value
Asano Bankers Hill, LLC (1)	$	18,567,296	$	18,775,878	80.8	%	$	15,000,000	$	15,119,853

________________

(1)Participant is a certain separately managed account, an investment partnership managed by the REIT Manager.

Terra Income Fund 6, LLC 10-Q