Capital Transactions (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands except per share data):

	Nine Months Ended September 30, 2022
	Proceeds from Public Offerings							Distributions Reinvested(1)			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(2)		Net Proceeds to Company		Shares Issued	Proceeds to Company		Shares Issued	Net Proceeds to Company(3)		Average Net Proceeds per Share
Class A	503	$	16,978	$	(1,232)	$	15,746	38	$	1,213	541	$	16,959	$	31.31
Class T	531	17,394		(792)		16,602		26	821		557	17,423		31.28
Class D	646	20,010		—		20,010		18	576		664	20,586		30.96
Class I	2,493	79,118		—		79,118		86	2,661		2,579	81,779		31.71
	4,173	$	133,500	$	(2,024)	$	131,476	168	$	5,271	4,341	$	136,747	$	31.49

	Nine Months Ended September 30, 2021
	Proceeds from Public Offerings							Distributions Reinvested(1)			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(2)		Net Proceeds to Company		Shares Issued	Proceeds to Company		Shares Issued	Net Proceeds to Company(3)		Average Net Proceeds per Share
Class A	310	$	10,087	$	(735)	$	9,352	32	$	965	342	$	10,317	$	30.17
Class T	644	20,442		(928)		19,514		12	367		656	19,881		30.30
Class D	456	13,691		—		13,691		9	263		465	13,954		30.02
Class I	2,327	71,122		—		71,122		40	1,202		2,367	72,324		30.55
	3,737	$	115,342	$	(1,663)	$	113,679	93	$	2,797	3,830	$	116,476	$	30.41

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 $17.0 million and $16.7 million of net proceeds for shares sold and issued on September 30, 2022 and 2021, respectively, was received in cash in October 2022 and 2021, respectively.

Summary of Shares Repurchased

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

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	296	$	9,829	$	33.24
Class A	23	735		31.36
Class T	11	334		31.27
Class D	16	507		31.00
Class I	212	6,746		31.84
Class S	1	28		33.74
Nine Months Ended September 30, 2022	559	$	18,179	$	32.53

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	18	$	565	$	32.05
Class A	18	527		29.88
Class T	16	493		29.86
Class D	5	147		29.32
Class I	34	1,050		30.75
Nine Months Ended September 30, 2021	91	$	2,782	$	30.59