XML 41 R29.htm IDEA: XBRL DOCUMENT v3.20.2
CAPITALIZATION (Tables)
6 Months Ended
Jun. 30, 2020
Capitalization [Abstract]  
Schedule of authorized common shares The Company's authorized shares of common stock are allocated between classes as follows:
Common StockNo. of Authorized Shares
Class A Shares45,000,000  
Class D Shares45,000,000  
Class I Shares200,000,000  
Class M-I Shares200,000,000  
Class N Shares150,000,000  
Class S Shares200,000,000  
Class T Shares5,000,000  
Class T2 Shares150,000,000  
Class Z Shares5,000,000  
1,000,000,000  
Schedule of repurchase agreements including shares authorized
During the three and six months ended June 30, 2020 and 2019, redemptions were as shown below. The Company funded these redemptions with cash flow from operations, proceeds from its Offerings or borrowings. The weighted average redemption prices are shown before allowing for any applicable 2% short-term trading discounts. The Company fulfilled all of the redemption requests received during the three months ended June 30, 2020.

Three Months Ended June 30, 2020Shares Weighted Average Share PriceAmount
Class A222,050  $14.11  $3,133  
Class I 495,132  14.24  7,048  
Class T27,325  14.16  386  
Class D—  —  —  

Six Months Ended June 30, 2020Shares Weighted Average Share PriceAmount
Class A319,615  $14.16  $4,526  
Class I 803,463  14.26  11,452  
Class T27,325  14.16  386  
Class D—  —  —  
Three Months Ended June 30, 2019SharesWeighted Average Share PriceAmount
Class A67,671  $14.24  $963  
Class I17,720  14.32  253  
Class T3,334  14.27  47  
Class D—  —  —  

Six Months Ended June 30, 2019SharesWeighted Average Share PriceAmount
Class A136,079  $14.21  $1,934  
Class I61,526  14.21  873  
Class T12,697  14.26  180  
Class D—  —  —  
Schedule of stock by class
During the six months ended June 30, 2020 and 2019, the Company issued common stock, excluding shares issued in the distribution reinvestment plan, as follows:

Six months ending June 30, 2020
Six months ending June 30, 2019
No. of shares
Amount
No. of shares
Amount
Class A Shares76,535  $1,126  246,300  $3,597  
Class D Shares—  —  176,101  2,520  
Class I Shares1,459,308  21,011  1,240,364  17,745  
Class T Shares62,478  950  156,506  2,349  
Total
$23,087  $26,211  
There were no Class M-I, N, S, T2 or Z Shares issued as of June 30, 2020.
Schedule of stock awards
Below is a summary of the activity, per share value and recognized expense for the stock awards. No stock awards were granted prior to 2019.

Three Months Ended June 30, 2020Six Months Ended June 30, 2020
Stock AwardsClass I SharesWeighted Average Grant Date Fair ValueClass I SharesWeighted Average Grant Date Fair Value
Outstanding, beginning of period12,094  $14.34  17,094  $14.34  
Changes during the period:
Granted2,106  14.24  2,106  $14.24  
Vested(2,094) 14.32  (7,094) 14.33  
Forfeited—  —  —  —  
Outstanding, end of period12,106  14.32  12,106  14.32  
Amount included in general and administrative expenses$26  $51  


Three Months Ended June 30, 2019Six Months Ended June 30, 2019
Stock AwardsClass I SharesWeighted Average Grant Date Fair ValueClass I SharesWeighted Average Grant Date Fair Value
Outstanding, beginning of period15,000  $14.34  —  $—  
Changes during the period:
Granted2,094  14.32  22,094  $14.34  
Vested—  —  (5,000) 14.34  
Forfeited—  —  —  —  
Outstanding, end of period17,094  14.34  17,094  14.34  
Amount included in general and administrative expenses$22  $94