Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Change in Outstanding Shares Including Restricted Common Stock

The following tables detail the change in the Company’s outstanding shares of all classes of common and preferred stock, including restricted common stock:

	Preferred Stock			Common Stock
Nine months ended September 30, 2022	Series A			Class P			Class A			Class T			Class S		Class D			Class I
Beginning balance		3,600,000			9,492,939			659,270			388,099			—		47,298			380,218
Issuance of shares		—			—			62,808			31,842			—		—			22,455
Distribution reinvestment		—			—			9,169			4,700			—		1,173			9,505
Issuance of restricted shares		—			—			—			—			—		—			—
Redemptions		—			(636,308	)		(27,965	)		(16,272	)		—		(958	)		(9,191	)
Repurchase and retirement of preferred stock		(4,630	)		—			—			—			—		—			—
Ending balance		3,595,370			8,856,631			703,282			408,369			—		47,513			402,987

	Preferred Stock		Common Stock
Nine months ended September 30, 2021	Series A		Class P			Class A			Class T			Class S		Class D			Class I
Beginning balance		—		10,151,787			655,835			398,233			—		50,393			381,955
Issuance of shares		3,500,000		—			—			—			—		—			480
Distribution reinvestment		—		—			8,016			4,125			—		1,263			7,404
Issuance of restricted shares		—		—			—			—			—		—			—
Redemptions		—		(387,377	)		(9,373	)		(2,862	)		—		(4,843	)		(6,379	)
Ending balance		3,500,000		9,764,410			654,478			399,496			—		46,813			383,460

Schedule of Distributions Declared

The table below presents the aggregate annualized and monthly distributions declared on common stock by record date for all classes of shares.

Record date	Aggregate annualized gross distribution declared per share		Aggregate monthly gross distribution declared per share
January 31, 2021	$	0.9500	$	0.0792
February 28, 2021	$	1.0000	$	0.0833
March 31, 2021	$	1.0500	$	0.0875
April 30, 2021	$	1.1000	$	0.0917
May 31, 2021	$	1.1500	$	0.0958
June 30, 2021	$	1.2500	$	0.1042
July 31, 2021	$	1.2500	$	0.1042
August 31, 2021	$	1.2500	$	0.1042
September 30, 2021	$	1.2500	$	0.1042
October 31, 2021	$	1.2500	$	0.1042
November 30, 2021	$	1.2500	$	0.1042
December 31, 2021	$	1.2500	$	0.1042
January 31, 2022	$	1.2500	$	0.1042
February 28, 2022	$	1.2500	$	0.1042
March 31, 2022	$	1.2500	$	0.1042
April 30, 2022	$	1.2500	$	0.1042
May 31, 2022	$	1.2500	$	0.1042
June 30, 2022	$	1.2500	$	0.1042
July 31, 2022	$	1.2500	$	0.1042
August 31, 2022	$	1.2500	$	0.1042
September 30, 2022	$	1.2500	$	0.1042

The following table shows the monthly net distribution per share for shares of Class D and Class T common stock.

Record date	Monthly net distribution declared per share of Class D common stock		Monthly net distribution declared per share of Class T common stock
January 31, 2021	$	0.0749	$	0.0646
February 28, 2021	$	0.0794	$	0.0701
March 31, 2021	$	0.0832	$	0.0729
April 30, 2021	$	0.0876	$	0.0776
May 31, 2021	$	0.0915	$	0.0813
June 30, 2021	$	0.1000	$	0.0900
July 31, 2021	$	0.0999	$	0.0896
August 31, 2021	$	0.0999	$	0.0895
September 30, 2021	$	0.1000	$	0.0900
October 31, 2021	$	0.0999	$	0.0895
November 30, 2021	$	0.1000	$	0.0901
December 31, 2021	$	0.0999	$	0.0897
January 31, 2022	$	0.0999	$	0.0896
February 28, 2022	$	0.1003	$	0.0910
March 31, 2022	$	0.0999	$	0.0898
April 30, 2022	$	0.1001	$	0.0903
May 31, 2022	$	0.1000	$	0.0899
June 30, 2022	$	0.1001	$	0.0904
July 31, 2022	$	0.1000	$	0.0899
August 31, 2022	$	0.1000	$	0.0900
September 30, 2022	$	0.1001	$	0.0905

The table below presents the aggregate and net distributions declared for each applicable class of common stock during the nine months ended September 30, 2022 and 2021. The table excludes distributions declared for any month for a class of shares of stock when there were no shares of that class outstanding on the applicable record date.

	Common Stock
Nine months ended September 30, 2022	Class P		Class A		Class T		Class S		Class D		Class I
Aggregate gross distributions declared per share	$	0.9378	$	0.9378	$	0.9378	$	—	$	0.9378	$	0.9378
Stockholder servicing fee per share	N/A		N/A			0.1264		—		0.0374	N/A
Net distributions declared per share	$	0.9378	$	0.9378	$	0.8114	$	—	$	0.9004	$	0.9378
	Common Stock
Nine months ended September 30, 2021	Class P		Class A		Class T		Class S		Class D		Class I
Aggregate gross distributions declared per share	$	0.8543	$	0.8543	$	0.8543	$	—	$	0.8543	$	0.8543
Stockholder servicing fee per share	N/A		N/A			0.1287		—		0.0379	N/A
Net distributions declared per share	$	0.8543	$	0.8543	$	0.7256	$	—	$	0.8164	$	0.8543