Equity (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018 and outstanding shares as of March 31, 2018 and December 31, 2017:

	Class T		Class S		Class D		Class I		Class A			Class AA			Class AAA		Total
Gross proceeds from primary portion of offerings	$	260	$	3	$	8	$	2,613	$	240,780		$	474,858		$	8,379	$	726,901
Gross proceeds from DRP	$	1	$	—	$	—	$	77	$	21,626		$	25,358		$	375	$	47,437
Shares issued in primary portion of offerings	26,234		264		786		275,765		24,199,760			47,562,870			901,226		72,966,905
DRP shares issued	82		7		10		8,080		2,283,665			2,682,572			39,870		5,014,286
Stock distribution shares issued	—		—		—		—		263,641			300,166			4,676		568,483
Restricted stock issued	—		—		—		—		—			—			25,500		25,500
Total redemptions	—		—		—		—		(695,741		)	(312,288		)	—		(1,008,029		)
Total shares outstanding as of March 31, 2018	26,316		271		796		283,845		26,051,325			50,233,320			971,272		77,567,145
Total shares outstanding as of December 31, 2017	4,148		268		268		267,476		25,995,943			49,942,471			964,709		77,175,283

Organizational and offering costs incurred

Organizational and offering costs incurred as of March 31, 2018, including those incurred by the Company and due to the Advisor, for the Follow-On Offering are as follows:

	March 31, 2018
Cumulative offering costs	$	2,028
Cumulative organizational costs	$	360
Organizational and offering costs advanced by the Advisor	$	1,414
Organizational and offering costs paid by the Company	974
Adjustment to organizational and offering costs pursuant to the limitation:
Costs in excess of limit	(1,956		)
Organizational and offering costs incurred	$	432

Schedule of stock redeemed

The IPO Share Redemption Program will terminate in January 2021 on the four year anniversary of the termination of the primary portion of the Company's IPO. During the three months ended March 31, 2018 and 2017, the Company redeemed shares of its outstanding common stock as follows:

	Three Months Ended March 31,
Period	2018		2017
Shares of common stock redeemed	217,088		148,675
Weighted average price per share	$	9.15	$	9.49