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Subsequent Events
 9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions Paid to Stockholders
The following table summarizes the Company's distributions paid to stockholders on October 6, 2023, for the period from September 1, 2023 through September 30, 2023 (amounts in thousands):
Payment DateCommon Stock CashDRIPTotal Distribution
October 6, 2023Class A$4,419 $1,176 $5,595 
October 6, 2023Class I333 222 555 
October 6, 2023Class T750 618 1,368 
$5,502 $2,016 $7,518 
The following table summarizes the Company's distributions paid to stockholders on November 7, 2023, for the period from October 1, 2023 through October 31, 2023 (amounts in thousands):
Payment DateCommon Stock CashDRIPTotal Distribution
November 7, 2023Class A$4,581 $1,205 $5,786 
November 7, 2023Class I346 229 575 
November 7, 2023Class T779 637 1,416 
$5,706 $2,071 $7,777 
Distributions Authorized
The following tables summarize the daily distributions approved and authorized by the Board subsequent to September 30, 2023:
Authorization Date (1)
Common Stock
Daily Distribution Rate (1)
Annualized Distribution Per Share
October 17, 2023Class A$0.00109589 $0.40 
October 17, 2023Class I$0.00109589 $0.40 
October 17, 2023Class T$0.00109589 $0.40 
Authorization Date (2)
Common Stock
Daily Distribution Rate (2)
Annualized Distribution Per Share
November 7, 2023Class A$0.00109589 $0.40 
November 7, 2023Class I$0.00109589 $0.40 
November 7, 2023Class 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, 2023 and ending on November 30, 2023. The distributions are calculated based on 365 days in the calendar year. The distributions declared for each record date in November 2023 will be paid in December 2023. 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, 2023 and ending on December 31, 2023. The distributions will be calculated based on 365 days in the calendar year. The distributions declared for each record date in December 2023 will be paid in January 2024. The distributions will be payable to stockholders from legally available funds therefor.
Repayment on Credit Facility
On November 1, 2023, the Company repaid $8,000,000 on its revolving line of credit with cash flows from operations and proceeds from a disposition.