Capital Transactions (Tables)

9 Months Ended

Sep. 30, 2025

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, 2025 and 2024 (in thousands except per share data):

	Nine Months Ended September 30, 2025
	Proceeds from Public Offerings							Distributions Reinvested			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(1)		Net Proceeds to Company		Shares Issued	Proceeds to Company		Shares Issued	Net Proceeds to Company		Average Net Proceeds per Share
Class A	15	$	576	$	(45)	$	531	152	$	5,547	167	$	6,078	$	36.35
Class T	395	15,103		(686)		14,417		33	1,204		428	15,621		36.48
Class D	65	2,343		—		2,343		42	1,545		107	3,888		36.14
Class I	2,309	85,187		—		85,187		210	7,733		2,519	92,920		36.89
	2,784	$	103,209	$	(731)	$	102,478	437	$	16,029	3,221	$	118,507	$	36.78

	Nine Months Ended September 30, 2024
	Proceeds from Public Offerings							Distributions Reinvested			Total
Share Class	Shares Issued	Gross Proceeds		Sales Load(1)		Net Proceeds to Company		Shares Issued	Proceeds to Company		Shares Issued	Net Proceeds to Company		Average Net Proceeds per Share
Class A	2,013	$	69,980	$	(1,542)	$	68,438	115	$	3,920	2,128	$	72,358	$	34.00
Class T	282	10,061		(458)		9,603		39	1,320		321	10,923		34.05
Class D	476	16,070		—		16,070		42	1,415		518	17,485		33.76
Class I	2,177	75,022		—		75,022		187	6,438		2,364	81,460		34.46
	4,948	$	171,133	$	(2,000)	$	169,133	383	$	13,093	5,331	$	182,226	$	34.18

FOOTNOTE:

(1)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.

Summary of Shares Repurchased

The following table summarizes the shares repurchased during the nine months ended September 30, 2025 and 2024 (in thousands except per share data):

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	146	$	5,891	$	40.32
Class A	146	5,342		36.66
Class T	57	2,081		36.75
Class D	125	4,491		35.90
Class I	749	27,844		37.13
Class S	13	527		41.12
Nine Months Ended September 30, 2025	1,236	$	46,176	$	37.35

	Shares Repurchased	Total Consideration		Average Price Paid per Share
Class FA	139	$	5,199	$	37.19
Class A	114	3,890		34.01
Class T	134	4,505		33.86
Class D	61	2,051		33.70
Class I	627	21,675		34.53
Class S	27	1,003		38.03
Nine Months Ended September 30, 2024	1,102	$	38,323	$	34.77