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Industry Diversification (1)

Industry No. of
Properties
Rooms/
Square Footage
Investments Percent of Total
Investment
1. Hotels 93 21,110 $4,654,831 47.9%
2. Travel Centers 178 5,099,794 3,311,787 34.1%
3. Restaurants - Quick Service 211 653,991 297,129 3.1%
4. Restaurants - Casual Dining 58 499,135 207,505 2.1%
5. Health and Fitness 15 969,041 204,048 2.1%
6. Movie Theaters 14 747,904 134,514 1.4%
7. Grocery Stores 19 1,020,819 129,152 1.3%
8. Automotive Equipment and Services 65 466,692 109,145 1.1%
9. Home Goods and Leisure 14 542,6669 98,242 1.0%
10. Medical, Dental Office 55 283,307 80,117 0.8%
11. Automotive Dealers 8 177,433 62,656 0.6%
12. General Merchandise Stores  4 381,193 56,570 0.6%
13. Entertainment 3 164,113 51,473 0.5%
14. Educational Services  5 137,412 39,921 0.4%
15. Car Washes 7 55,951 36,125 0.4%
16. Building Materials 30 488,885 35,554 0.4%
17. Sporting Goods 4 184,255 29,386 0.3%
18. Miscellaneous Manufacturing 5 538,932 24,355 0.3%
19. Dollar Stores 7 72,052 10,253 0.1%
20. Drug Stores and Pharmacies 3 32,036 9,699 0.1%
21. Legal Services 3 17,029 7,609 0.1%
22. Other 12 288,006 68,532 0.6%
23. Vacant 25 732,863 65,901 0.7%
Total 838 21,110 / 13,553,509 $9,724,504 100%

(1) As of June 30, 2026 (dollars in thousands, except per room or suite data).

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