Stewards, Inc. (Nasdaq: SWRD) completed its previously disclosed acquisition of Envy Pompano Beach on Sept. 23, 2026, acquiring all membership interests in the entities that own the 214-unit Class A mixed-use multifamily property in Pompano Beach, Florida. The contractual purchase price was $90.0 million, funded through approximately $42.7 million of contractual rollover equity represented by 14.2 million restricted Stewards shares and a $47.7 million property-level loan from LoanCore Capital Credit REIT LLC. The shares were issued at a negotiated contractual value of $3.00 each solely to determine the number issued, not to represent Stewards' market price at closing; their accounting value remains subject to final valuation and auditor review. As of Aug. 26, 2026, Envy was 89.3% physically occupied and 93.0% leased, with approximately $5.3 million in trailing 12-month revenue. Stewards is targeting approximately 95% occupancy and more than $4.2 million in stabilized NOI, or net operating income before interest, depreciation, amortization, corporate overhead and income taxes. The company expects more than $2.5 million of NOI growth from higher residential occupancy, improved collections, fewer concessions and non-revenue units, greater efficiency, and added retail and marina revenue. Envy includes two 11-story buildings completed in 2020, a 26-slip marina, a three-story community center and approximately 5,575 square feet of retail space. Stewards Realty, led by the integrated JOSS Realty Partners team, will oversee the operating plan and property-management transition. The company does not currently plan a condominium conversion. Following closing, common shares outstanding rose from 211.4 million to approximately 225.6 million. Seven million consideration shares are subject to escrow and settlement arrangements that may require seven monthly cash payments of $3 million beginning Oct. 5, 2026; one million escrowed shares may be canceled after each scheduled payment. If all payments are made, total cash settlement would be $21 million and approximately seven million shares would be canceled, leaving about 218.6 million shares outstanding assuming no other changes. Further transaction details will be filed in a Current Report on Form 8-K with the SEC.