Capital Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Summary of Shares Issued and Proceeds Received in Connection with Private Placement

The following tables summarize the total shares issued and proceeds received by share class in connection with the Public Offerings, excluding shares repurchased through the Share Repurchase Program described further below, for the six months ended June 30, 2022 and 2021 (in thousands except per share data):

	Six Months Ended June 30, 2022
	Proceeds from Public Offerings							Distributions Reinvested(1)			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(2)		Net Proceeds to Company		Shares	Proceeds to Company		Shares	Net Proceeds to Company		Average Net Proceeds per Share
Class A	276	$	9,250	$	(659)	$	8,591	25	$	780	301	$	9,371	$	31.15
Class T	342	11,154		(512)		10,642		17	522		359	11,164		31.14
Class D	360	11,093		—		11,093		11	352		371	11,445		30.78
Class I	1,633	51,600		—		51,600		53	1,662		1,686	53,262		31.57
	2,611	$	83,097	$	(1,171)	$	81,926	106	$	3,316	2,717	$	85,242	$	31.36

	Six Months Ended June 30, 2021
	Proceeds from Public Offerings							Distributions Reinvested(1)			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(2)		Net Proceeds to Company		Shares	Proceeds to Company		Shares	Net Proceeds to Company(3)		Average Net Proceeds per Share
Class A	189	$	6,053	$	(446)	$	5,607	21	$	623	210	$	6,230	$	29.73
Class T	266	8,304		(380)		7,924		7	215		273	8,139		29.77
Class D	169	4,996		—		4,996		6	159		175	5,155		29.52
Class I	1,662	50,328		—		50,328		22	648		1,684	50,976		30.27
	2,286	$	69,681	$	(826)	$	68,855	56	$	1,645	2,342	$	70,500	$	30.11

FOOTNOTES:

(1)Amounts are based on distribution reinvestment date. Distributions are declared monthly and paid or reinvested one month in arrears.

(2)The Company incurs selling commissions and dealer manager fees on the sale of Class A and Class T shares sold through the Public Offerings. See Note 5. “Related Party Transactions” for additional information regarding up-front selling commissions and dealer manager fees.

(3)Approximately $12.1 million of net proceeds for shares sold and issued on June 30, 2021 was received in cash in July 2021.

Summary of Shares Repurchased

The following table summarizes the shares repurchased during the six months ended June 30, 2022 and 2021 (in thousands except per share data):

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	282	$	9,366	$	33.21
Class A	19	592		31.28
Class T	5	157		30.90
Class D	14	423		30.94
Class I	172	5,486		31.77
Class S	1	28		33.74
Six Months Ended June 30, 2022	493	$	16,052	$	32.55

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	10	$	319	$	31.89
Class A	17	510		29.85
Class T	16	473		29.84
Class D	5	142		29.29
Class I	21	644		30.55
Six Months Ended June 30, 2021	69	$	2,088	$	30.32