Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of shares issued and gross proceeds for each class

The following table summarizes shares issued and gross proceeds received for each share class as of March 31, 2019 and outstanding shares as of March 31, 2019 and December 31, 2018:

	Class
	T		S		D		I		A			AA			AAA			Total
Gross proceeds from primary portion of offerings	$	2,245	$	3	$	182	$	7,538	$	240,780		$	474,858		$	8,381		$	733,987
Gross proceeds from DRP	$	33	$	—	$	4	$	215	$	27,645		$	36,795		$	583		$	65,275
Shares issued in primary portion of offerings	224,647		264		18,921		786,573		24,199,764			47,562,870			901,225			73,694,264
DRP shares issued	3,454		17		455		22,311		2,909,959			3,872,290			61,378			6,869,864
Stock distribution shares issued	—		—		—		—		263,642			300,166			4,677			568,485
Restricted stock issued	—		—		—		10,500		—			—			36,000			46,500
Total redemptions	—		—		—		—		(1,528,918		)	(1,744,366		)	(23,956		)	(3,297,240		)
Total shares outstanding as of March 31, 2019	228,101		281		19,376		819,384		25,844,447			49,990,960			979,324			77,881,873
Total shares outstanding as of December 31, 2018	227,311		279		19,268		806,014		25,729,035			49,768,687			975,379			77,525,973

Organizational and offering costs incurred

Organizational and offering costs incurred as of March 31, 2019, including those incurred by the Company and due to the Advisor, for the Follow-On Offering are as follows:

	March 31, 2019
Cumulative offering costs	$	3,161
Cumulative organizational costs	$	536
Organizational and offering costs advanced by the Advisor	$	2,244
Organizational and offering costs paid by the Company	1,453
Adjustment to organizational and offering costs pursuant to the limitation:
Costs in excess of limit	(2,202		)
Organizational and offering costs incurred	$	1,495

Schedule of stock redeemed

During the three months ended March 31, 2019 and 2018, the Company redeemed shares of its outstanding common stock under the IPO Share Redemption Program as follows:

	Three Months Ended March 31,
	2019		2018
Shares of common stock redeemed	—		217,088
Weighted average price per share	$	—	$	9.15