Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2021

The following table details the components of due to affiliates:


$ in thousands	September 30, 2021		December 31, 2020
Other general and administrative expenses	$	5,319	$	2,205
Advanced offering costs		4,037		931
Performance participation allocation		2,237		—
Advanced organization expenses		1,474		1,210
Distributions payable		996		503
Share-based compensation payable		19		19
Accrued management fee(1)		—		—

Total	$	14,082	$	4,868

(1)

As of September 30, 2021, the accrued management fee is not presented due to rounding.

As of September 30, 2021, affiliates had purchased the following amounts of our common stock:


$ in thousands, except share amounts	Class T Shares		Class S Shares		Class D Shares		Class I Shares		Class E Shares		Class N Shares		Total Purchase Price
MassMutual (1)		—		—		—		—		—		7,642,853	$	207,526
IGP + Fund		—		—		—		—		783,032		—		22,000
Invesco Realty, Inc.		91		91		91		—		—		738,701		20,007
Members of our board of directors and employees of our Adviser		—		—		—		160		93,374		—		2,570

		91		91		91		160		876,406		8,381,554	$	252,103

(1)

In accordance with MassMutual’s Subscription Agreement, on August 5, 2021, we repurchased 785,025 of MassMutual Shares for $22.0 million. The amount presented is inclusive of the shares repurchased.

Schedule of Stockholder Servicing Fees

The following table presents the upfront selling commissions and dealer manager fees for each class of shares sold in the Offering, and the stockholder servicing fee per annum based on the aggregate outstanding NAV:


	Class T Shares			Class S Shares			Class D Shares			Class I Shares		Class E Shares
Maximum Upfront Selling Commissions (% of Transaction Price)		up to 3.0	%		up to 3.5	%		up to 1.5	%		—		—
Maximum Upfront Dealer Manager Fees (% of Transaction Price)		0.50	%		—			—			—		—
Stockholder Servicing Fee (% of NAV)		0.85	% (1)		0.85	%		0.25	%		—		—

(1)

Consists of an advisor stockholder servicing fee (0.65% per annum) and a dealer stockholder servicing fee (0.20% per annum).