X0708 D LIVE 0002108068 SM HLP REIT LLC 277 PARK AVENUE, 39TH FLOOR NEW YORK NY NEW YORK 10172 212-605-1000 DELAWARE None None Limited Liability Company true 2025 Craig H. Solomon 277 Park Avenue, 39th Floor New York NY NEW YORK 10172 Executive Officer Chief Executive Officer REITS and Finance Decline to Disclose 06b 3C 3C.5 false 2026-01-27 false true true Class A Preferred Units false 1000 Charles B. Harrison 3071551 H & L Equities, LLC 113794 1175 Peachtree St., NE Suite 2200 Atlanta GA GEORGIA 30361 FL FLORIDA GA GEORGIA TX TEXAS false Scott Harrison 4981070 H & L Equities, LLC 113794 1175 Peachtree St., NE Suite 2200 Atlanta GA GEORGIA 30361 FL FLORIDA GA GEORGIA TX TEXAS false Patrick J. Whelchel 5389090 H & L Equities, LLC 113794 1175 Peachtree St., NE Suite 2200 Atlanta GA GEORGIA 30361 FL FLORIDA GA GEORGIA TX TEXAS false Lori Mayfield 4899271 H & L Equities, LLC 113794 1175 Peachtree St., NE Suite 2200 Atlanta GA GEORGIA 30361 FL FLORIDA GA GEORGIA TX TEXAS false Indefinite 125000 Indefinite false 125 6250 0 0 false SM HLP REIT LLC /s/ Geoffrey L. Butler Geoffrey L. Butler Authorized Signatory 2026-07-15