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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Stock Redemption Activity
The following table summarizes share redemption (excluding the self-tender offer) activity during the years ended December 31, 2019 and 2018:
 
 
December 31,
 
 
2019
 
2018
Shares of common stock redeemed
 
20,933,322

 
8,695,600

Weighted average price per share
 
$
9.44

 
$
9.61
Schedule of Distributions Paid
The following unaudited table summarizes the federal income tax treatment for all distributions per share for the years ended December 31, 2019, 2018, and 2017 reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation §1.857-6(e).
 
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Ordinary income
 
$
0.22

37
%
 
$
0.32

47
%
 
$
0.40

59
%
Capital gain
 
0.08

13
%
 
—

—
%
 
0.18

26
%
Return of capital
 
0.30

50
%
 
0.36

53
%
 
0.10

15
%
Total distributions paid
 
$
0.60

100
%
 
$
0.68

100
%
 
$
0.68

100
%