XML 100 R64.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions - Narrative (Details)
1 Months Ended 2 Months Ended 12 Months Ended 26 Months Ended
Feb. 28, 2022
shares
Dec. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
investment
Sep. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
shares
May 14, 2021
USD ($)
Related Party Transaction [Line Items]                
Due to affiliates     $ 16,930,000   $ 4,868,000   $ 16,930,000  
Management fee     28,000   0      
Affiliate costs   $ 0 $ 3,280,000   0 $ 0    
Invested asset growth     65.00%          
Number of investments closed | investment     5          
Advance of Operating Expenses                
Related Party Transaction [Line Items]                
Advance of operating expenses, minimum NAV     $ 500,000,000       500,000,000  
Reimbursement of advanced operating expenses, period     60 months          
Operating expenses advanced     $ 6,400,000       6,400,000  
Reimbursement of operating expenses threshold, percent of average invested assets over four quarters     2.00%          
Reimbursement of operating expenses threshold, percent of net income over four quarters     25.00%          
Operating expenses       $ 7,100,000        
Operating expenses exceeded guidelines for advances       $ 700,000        
Revolving Credit Facility                
Related Party Transaction [Line Items]                
Capital commitment from related party     $ 30,000,000       $ 30,000,000  
Public Offering | Organization expenses                
Related Party Transaction [Line Items]                
Due to affiliates               $ 300,000
Public Offering | Offering Costs                
Related Party Transaction [Line Items]                
Due to affiliates               $ 2,400,000
The Adviser                
Related Party Transaction [Line Items]                
Management fee percentage of NAV     1.00%       1.00%  
Management fee commencement period     10 years          
The Adviser | Support Personnel Costs                
Related Party Transaction [Line Items]                
Expenses from transactions with related party     $ 700,000   100,000      
The Special Limited Partner                
Related Party Transaction [Line Items]                
Performance participation interest, percentage of return     12.50%          
Performance participation interest, percentage of return hurdle amount     6.00%          
The Special Limited Partner | Class N Common Stock                
Related Party Transaction [Line Items]                
Performance participation interest, percentage of return     10.00%          
Performance participation interest, percentage of return hurdle amount     7.00%          
The Dealer Manager                
Related Party Transaction [Line Items]                
Stockholder servicing fee accrual threshold     8.75%          
Affiliated entity | Public Offering | Organization expenses                
Related Party Transaction [Line Items]                
Due to affiliates     $ 300,000   200,000   $ 300,000  
Affiliated entity | Private Offering | Organization expenses                
Related Party Transaction [Line Items]                
Due to affiliates     $ 1,200,000   $ 1,200,000   $ 1,200,000  
Affiliated entity | Class N Common Stock                
Related Party Transaction [Line Items]                
Number of shares issued in transaction (in shares) | shares             11,758,513  
Affiliated entity | Class N Common Stock | Invesco Realty, Inc.                
Related Party Transaction [Line Items]                
Number of shares issued in transaction (in shares) | shares             738,701  
Affiliated entity | Class E Common Stock                
Related Party Transaction [Line Items]                
Number of shares issued in transaction (in shares) | shares             2,013,667  
Affiliated entity | Class E Common Stock | Subsequent Event                
Related Party Transaction [Line Items]                
Number of shares issued in transaction (in shares) | shares 106,268              
Affiliated entity | Class E Common Stock | Invesco Realty, Inc.                
Related Party Transaction [Line Items]                
Number of shares issued in transaction (in shares) | shares             0