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Declaration of Distributions | 6 Months Ended
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Jun. 30, 2019
Declaration of Distributions [Abstract] |
Declaration of Distributions | Declaration of Distributions On March 12, 2019, EA-1’s board of directors declared cash distributions in the amount of $0.001901096 per day per share on the outstanding shares of common stock payable to stockholders of record as of the close of each business day of the period commencing on April 1, 2019 and ending the earlier of (a) June 30, 2019 or (b) the date of the closing of the Mergers, and authorized payment of such distributions at such time after the end of each month during the period as determined by EA-1’s Chief Executive Officer. On May 1, 2019, EA-1 paid cash distributions in the amount of $0.001901096 per day per share on the outstanding shares of common stock payable to stockholders of record as of the close of each business day of the period from April 1, 2019 through April 29, 2019. On April 29, 2019, GCEAR’s board of directors declared cash distributions in the amount of $0.001506849 per day, subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock and stock distributions in the amount of 0.000273973 worth of shares per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day of the period commencing on April 30, 2019 and ending on June 30, 2019. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as the Company’s Chief Executive Officer may determine. On June 12, 2019, the Board declared cash distributions in the amount of $0.001506849 per day, subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock and stock distributions in the amount of $0.000273973 worth of shares per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day of the period commencing on July 1, 2019 and ending on September 30, 2019. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as the Company’s Chief Executive Officer may determine. On June 3, 2019, the Company’s transfer agent inadvertently paid the entire distributions for the month of May 2019 in cash, including the portion that was to be payable as a stock distribution. As such, the Company paid cash distributions in the amount of $0.001780822 per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day of the period from April 30, 2019 to May 31, 2019. On June 12, 2019, the Company’s board of directors determined it was in the best interests of the Company and its stockholders to ratify such payment in order to minimize disruptions and confusion to stockholders and because the amount of the distributions actually paid was equal to the total amount of the distributions that the Company’s board of directors originally approved. On June 12, 2019, the Company’s board of directors ratified and approved the distributions, solely for the month of May 2019, to be paid entirely in cash to the extent such distributions were paid solely in cash by the Company’s transfer agent. On July 1, 2019, the Company paid cash distributions in the amount of $0.001506849 per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock and stock distributions in the amount of 0.000273973 worth of shares per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day of the period from June 1, 2019 to June 30, 2019.

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- Definition Declaration of distributions. + References No definition available. + Details
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- Definition Disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References No definition available. + Details
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