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DISTRIBUTIONS
 12 Months Ended
Dec. 31, 2022
Distributions [Abstract]  
DISTRIBUTIONS DISTRIBUTIONS
In order to qualify as a REIT, the Company is required, among other things, to distribute dividends each taxable year of at least 90% of its taxable income determined without regard to the dividends-paid deduction and excluding net capital gains, and to meet certain tests regarding the nature of the Company's income and assets. The Company expects that its board of directors will continue to declare distributions payable monthly in arrears. Any distributions the Company makes will be at the discretion of its board of directors, considering factors such as its earnings, cash flow, capital needs and general financial condition and the requirements of Maryland law. The Company commenced operations on May 30, 2013 and elected taxation as a REIT beginning the year ended December 31, 2013. Distributions for each month are payable on the first business day following the record date. Any distributions reinvested by the stockholders in accordance with the Company's dividend reinvestment plan are reinvested at the per share NAV of the same class determined at the close of business on the first business day following the record date.

Prior to July 1, 2022, the Company authorized and paid distributions based on daily record dates with a daily distribution amount, and disclosed such daily distribution amount (before adjustment for class-specific expenses) in the table below. On July 1, 2022, the Company changed its distribution policy to authorize distributions monthly based on a single record date in the month. The table below shows the aggregate declared distribution amount for each period presented based on the actual declared amounts for such period.
Three Months EndedTotal
March 31, 2022June 30, 2022September 30, 2022December 31, 2022
Declared distribution amount per share, before adjustment for class-specific fees$0.20785050 $0.21749364 $0.22499034 $0.22493054 
Distributions paid or payable in cash$2,020 $2,217 $2,140 $2,095 $8,472 
Distributions reinvested2,210 2,464 2,410 2,479 9,563 
Distributions declared$4,230 $4,681 $4,550 $4,574 $18,035 
Class A Shares issued upon reinvestment27,036 28,747 27,308 28,157 111,248 
Class I Shares issued upon reinvestment75,809 80,232 76,719 78,213 310,973 
Class T Shares issued upon reinvestment2,447 2,114 1,852 1,840 8,253 
Class D Shares issued upon reinvestment20,428 25,795 26,490 30,040 102,753 
Class N Shares issued upon reinvestment1,565 2,141 2,211 2,304 8,221 
Class M-I Shares issued upon reinvestment1,224 1,614 2,378 2,716 7,932 
Class T2 Shares issued upon reinvestment885 1,177 2,138 3,012 7,212 
Three Months EndedTotal
March 31, 2022June 30, 2022September 30, 2022December 31, 2022
Class A$786 $837 $786 $790 $3,199 
Class I2,610 2,853 2,726 2,677 10,866 
Class T139 121 80 67 407 
Class D540 666 679 722 2,607 
Class N74 103 137 146 460 
Class M-I36 44 61 72 213 
Class T228 39 64 83 214 
Class Z17 18 17 17 69 
Distributions declared$4,230 $4,681 $4,550 $4,574 $18,035 
*Class M-I and Class T2 Shares were initially issued in May 2021.
**Class Z Shares were first converted from Class I Shares in December 2021.
Three Months EndedTotal
March 31, 2021June 30, 2021September 30, 2021December 31, 2021
Declared distribution amount per share, before adjustment for class-specific fees$0.17734500 $0.18261880 $0.19181264 $0.19804288 
Distributions paid or payable in cash$1,337 $1,526 $1,703 $1,841 $6,407 
Distributions reinvested1,374 1,429 $1,668 1,950 6,421 
Distributions declared$2,711 $2,955 $3,371 $3,791 $12,828 
Class A Shares issued upon reinvestment23,374 23,507 25,173 25,992 98,046 
Class I Shares issued upon reinvestment66,027 66,872 71,425 72,519 276,843 
Class T Shares issued upon reinvestment3,832 3,377 3,352 3,138 13,699 
Class D Shares issued upon reinvestment643 370 6,105 15,323 22,441 
Class N Shares issued upon reinvestment476 627 798951 2,852 
Class M-I Shares issued upon reinvestment*— 2054145781,197 
Class T2 Shares issued upon reinvestment*— 2142402546 
Class Z Shares issued upon reinvestment**— — — — — 
* Class M-I and Class T2 Shares were initially issued in May 2021.
**Class Z Shares were first converted from Class I Shares in December 2021.
Three Months EndedTotal
March 31, 2021June 30, 2021September 30, 2021December 31, 2021
Class A$601 $617 $672 $728 $2,618 
Class I1,933 2,031 2,242 2,409 8,615 
Class T159 163 172 171 665 
Class D9 127 253 423 812 
Class N9 13 16 25 63 
Class M-I*— 4 10 18 32 
Class T2*— — 6 16 22 
Class Z**— — — 1 1 
Distributions declared$2,711 $2,955 $3,371 $3,791 $12,828 
* Class M-I and Class T2 Shares were initially issued in May 2021.
**Class Z Shares were first converted from Class I Shares in December 2021.
Three Months EndedTotal
March 31, 2020June 30, 2020September 30, 2020December 31, 2020
Declared distribution rate, before adjustment for class-specific fees$0.18070416 $0.17763473 $0.17696108 $0.18045340 
Distributions paid or payable in cash$1,369 $1,330 $1,303 $1,342 $5,344 
Distributions reinvested1,339 1,355 1,377 1,411 5,482 
Distributions declared$2,708 $2,685 $2,680 $2,753 $10,826 
Class A Shares issued upon reinvestment25,107 24,380 23,778 23,876 97,141 
Class I Shares issued upon reinvestment63,595 67,373 68,581 69,727 269,276 
Class T Shares issued upon reinvestment4,177 4,451 4,371 4,336 17,335 
Class D Shares issued upon reinvestment— — — 4 4 
Class N Shares issued upon reinvestment*— — — 125 125 
* Class N Shares were first converted from Class T Shares in November 2020.
Three Months EndedTotal
March 31, 2020June 30, 2020September 30, 2020December 31, 2020
Class A$643 $611 $594 $605 $2,453 
Class I1,866 1,875 1,889 1,952 7,582 
Class T163 164 162 164 653 
Class D36 35 35 30 136 
Class N— — — 2 2
Distributions declared$2,708 2,685 $2,680 $2,753 $10,826 
* Class N Shares were first converted from Class T Shares in November 2020.