CAPITALIZATION (Tables)

12 Months Ended

Dec. 31, 2022

Capitalization [Abstract]

Schedule of Authorized Common Shares

The Company's authorized shares of common stock are allocated between classes as follows:

Common Stock	No. of Authorized Shares
Class A Shares	45,000,000
Class D Shares	45,000,000
Class I Shares	200,000,000
Class M-I Shares	200,000,000
Class N Shares	150,000,000
Class S Shares	200,000,000
Class T Shares	5,000,000
Class T2 Shares	150,000,000
Class Z Shares	5,000,000
	1,000,000,000

Schedule of Stock by Class

During the years ended December 31, 2022, 2021 and 2020, the Company issued common stock, excluding shares issued in the distribution reinvestment plan and Compensation Plan (defined below), as follows:

	Year Ended December 31, 2022			Year Ended December 31, 2021			Year Ended December 31, 2020
	No. of shares	Amount		No. of shares	Amount		No. of shares	Amount
Class A Shares	444,849	$	7,752	451,178	$	7,090	107,121	$	1,575
Class D Shares	1,141,471	19,715		2,129,740	32,781		693	10
Class I Shares	1,596,892	27,507		1,867,534	28,811		1,891,177	27,201
Class M-I Shares	132,356	2,280		151,387	2,409		—	—
Class N Shares converted from Class T Shares, net	(108)	—		(152)	—		—	—
Class T Shares	41,943	752		87,285	1,372		71,394	1,084
Class T2 Shares	377,890	6,678		104,889	1,695		—	—
Total	3,735,293	$	64,684	4,791,861	$	74,158	2,070,385	$	29,870

There were no Class S Shares issued as of December 31, 2022.

Schedule of Repurchase Agreements

During the years ended December 31, 2022, 2021 and 2020, redemption requests were received 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.

Year Ended December 31, 2022	Shares	Weighted Average Share Price		Amount
Class A	249,326	$	17.14	4,263
Class I	1,162,582	17.19		19,957
Class T	45,392	17.34		786
Class D	183,675	17.32		3,175
Class N	42,658	17.27		737
Class M-I	—	—		—
Class T2	14,972	17.33		255

Year Ended December 31, 2021	Shares	Weighted Average Share Price		Amount
Class A	76,130	$	14.82	$	1,129
Class I	417,883	15.10		6,308
Class T	36,785	16.13		593
Class D	15,038	15.76		232
Class N	14,546	14.65		213
Class M-I	—	—		—
Class T2	—	—		—

Year Ended December 31, 2020	Shares	Weighted Average Share Price		Amount
Class A	393,390	$	14.17	$	5,574
Class I	1,164,337	14.28		16,613
Class T	38,867	14.17		550
Class D	176,101	14.45		2,544
Class N	—	—		—

Schedule of stock awards

Below is a summary of the activity, per share value and recognized expense for the stock awards.

	Year Ended December 31, 2022				Year Ended December 31, 2021				Year Ended December 31, 2020
Stock Awards	Class D Shares		Weighted Average Grant Date Fair Value		Class D Shares*		Weighted Average Grant Date Fair Value		Class I Shares		Weighted Average Grant Date Fair Value
Outstanding, beginning of period	7,018		$	14.48	12,106		$	14.32	17,094		14.34
Changes during the period:
Granted	2,443		17.41		2,025		14.82		2,106		$	14.24
Vested	(7,592)		14.70		(7,113)		14.31		(7,094)		14.33
Forfeited	—		—		—		—		—		—
Outstanding, end of period	1,869		17.40		7,018		$	14.48	12,106		14.32
Amount included in general and administrative expenses	$	55			$	102			$	102
*After conversion from Class I Shares.