Equity (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Common Stock Outstanding Roll Forward

The following tables detail the movement in the Company’s outstanding shares of common stock:


	Six Months Ended June 30, 2021
	Class T Shares	Class S Shares	Class D Shares	Class I Shares	Class E Shares	Class N Shares	Total
Balance at December 31, 2020	—	—	—	—	—	3,608,830	3,608,830
Issuance of common stock	—	—	—	—	—	2,636,645	2,636,645
Distribution reinvestment	—	—	—	—	—	32	32
Balance at March 31, 2021	—	—	—	—	—	6,245,507	6,245,507
Issuance of common stock	91	91	91	—	—	1,154	1,427
Exchange of common stock(1)	—	—	—	—	156,066	(156,066)	—
Distribution reinvestment(2)	—	—	—	492	—	—	492

Balance at June 30, 2021	91	91	91	492	156,066	6,090,595	6,247,426


	Six Months Ended June 30, 2020
	Class T Shares	Class S Shares	Class D Shares	Class I Shares	Class E Shares	Class N Shares	Total
Balance at December 31, 2019	—	—	—	—	—	8,000	8,000


Balance at March 31, 2020	—	—	—	—	—	8,000	8,000



Balance at June 30, 2020	—	—	—	—	—	8,000	8,000

(1)On May 14, 2021, we exchanged 156,066 Class N shares of our common stock held by our directors and employees of the Adviser and its affiliates, for no additional consideration, on a one-for-one basis into Class E shares of our common stock.

(2)As of June 30, 2021, certain of our directors and employees of the Adviser and its affiliates who held Class E shares elected distribution reinvestment which are granted in Class I shares.

Schedule of Aggregate Distributions Declared

The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three and six months ended June 30, 2021:


	Three Months Ended June 30, 2021
	Series A Preferred Stock		Class T Common Stock		Class S Common Stock		Class D Common Stock		Class I Common Stock		Class E Common Stock		Class N Common Stock
Aggregate distributions declared per share	$	31.2500	$	0.1320	$	0.1320	$	0.1320	$	0.2622	$	0.2622	$	0.4242
Stockholder servicing fee per share(1)	—		(0.0195)		(0.0195)		(0.0057)		—		—		—
Net distributions declared per share	$	31.2500	$	0.1125	$	0.1125	$	0.1263	$	0.2622	$	0.2622	$	0.4242


	Six Months Ended June 30, 2021
	Series A Preferred Stock		Class T Common Stock		Class S Common Stock		Class D Common Stock		Class I Common Stock		Class E Common Stock		Class N Common Stock
Aggregate distributions declared per share	$	31.2500	$	0.1320	$	0.1320	$	0.1320	$	0.2622	$	0.2622	$	0.8522
Stockholder servicing fee per share(1)	—		(0.0195)		(0.0195)		(0.0057)		—		—		—
Net distributions declared per share	$	31.2500	$	0.1125	$	0.1125	$	0.1263	$	0.2622	$	0.2622	$	0.8522

(1)See Note 12 — “ Related Party Transactions” for a discussion of our stockholder servicing fee.