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Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2022

Subsequent Events [Abstract]

Schedule of Subsequent Events

The following table summarizes the Company's distributions paid to stockholders on October 6, 2022, for the period from September 1, 2022 through September 30, 2022 (amounts in thousands):

Payment Date						Common Stock						Cash						DRIP						Total Distribution
October 6, 2022						Class A						$	4,358					$	1,206					$	5,564
October 6, 2022						Class I						324						224						548
October 6, 2022						Class T						716						628						1,344
												$	5,398					$	2,058					$	7,456

The following table summarizes the Company's distributions paid to stockholders on November 4, 2022, for the period from October 1, 2022 through October 31, 2022 (amounts in thousands):

Payment Date						Common Stock						Cash						DRIP						Total Distribution
November 4, 2022						Class A						$	4,506					$	1,249					$	5,755
November 4, 2022						Class I						338						229						567
November 4, 2022						Class T						743						648						1,391
												$	5,587					$	2,126					$	7,713

Distributions Authorized

The following tables summarize the daily distributions approved and authorized by the Board subsequent to September 30, 2022:

Authorization Date (1)						Common Stock						Daily Distribution Rate (1)						Annualized Distribution Per Share
October 20, 2022						Class A						$	0.00109589					$	0.40
October 20, 2022						Class I						$	0.00109589					$	0.40
October 20, 2022						Class T						$	0.00109589					$	0.40

Authorization Date (2)						Common Stock						Daily Distribution Rate (2)						Annualized Distribution Per Share
November 8, 2022						Class A						$	0.00109589					$	0.40
November 8, 2022						Class I						$	0.00109589					$	0.40
November 8, 2022						Class T						$	0.00109589					$	0.40

(1)Distributions approved and authorized to stockholders of record as of the close of business on each day of the period commencing on November 1, 2022 and ending on November 30, 2022. The distributions are calculated based on 365 days in the calendar year. The distributions declared for each record date in November 2022 will be paid in December 2022. The distributions are payable to stockholders from legally available funds therefor.

(2)Distributions approved and authorized to stockholders of record as of the close of business on each day of the period commencing on December 1, 2022 and ending on December 31, 2022. The distributions will be calculated based on 365 days in the calendar year. The distributions declared for each record date in December 2022 will be paid in January 2023. The distributions will be payable to stockholders from legally available funds therefor.

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- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662

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- References

No definition available.

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