Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

The Company has evaluated events from June 30, 2020 through the date the financial statements were issued.

Investments

Subsequent to June 30, 2020, the Company purchased an aggregate of $4 million of floating-rate CMBS and sold an aggregate of $4.8 million of floating-rate CMBS.

Status of the Offering

As of August 14, 2020, the Company had sold an aggregate of 19,498,515 shares of its common stock (consisting of 11,330,483 Class S shares and 8,168,032 Class I shares) in the Offering resulting in net proceeds of $196.0 million to the Company as payment for such shares.

Distributions

Subsequent to June 30, 2020, the Company declared net distributions as follows:

Declaration Date	Class S		Class I		Class T		Class D
July 30, 2020	$	0.0291	$	0.0365		—		—