Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2021

The following table details the components of due to affiliates:


$ in thousands	June 30, 2021		December 31, 2020
Other general and administrative expenses	$	4,661	$	2,205
Advanced organization expenses	1,474		1,210
Advanced offering costs	3,853		931
Distributions payable	825		503
Performance participation allocation	791		—
Share-based compensation payable	19		19

Accrued management fee(1)	—		—
Total	$	11,623	$	4,868

(1)As of June 30, 2021, the accrued management fee is not presented due to rounding.

As of June 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(1)	Class N Shares	Total Purchase Price
MassMutual	—	—	—	—	—	5,536,905	$	145,777
Invesco Realty, Inc.	91	91	91	—	—	553,690	14,585
Members of our board of directors and employees of our Adviser	—	—	—	492	149,519	—	4,018
	91	91	91	492	149,519	6,090,595	$	164,380

(1)On May 14, 2021, we exchanged a total 156,066 Class N shares of our common stock for no additional consideration, on a one-for-one basis into Class E shares of our common stock. These shares consisted of 149,519 purchased by our directors and employees of the Adviser and its affiliates and 6,547 Class E shares that have been awarded to our board of directors under our Incentive Plan.

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).