XML 24 R14.htm IDEA: XBRL DOCUMENT v3.22.1
Declaration of Distributions
3 Months Ended
Mar. 31, 2022
Text Block [Abstract]  
Declaration of Distributions

Note 8. Declaration of Distributions

Cash Distribution Declaration

On March 25, 2022, our board of directors declared a daily distribution rate of approximately $0.001644 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on April 1, 2022 and ending June 30, 2022. In connection with this distribution, for the stockholders of Class T shares, after the stockholder servicing fee is paid, approximately $0.001370 per day will be paid per Class T share and for the stockholders of Class W

shares, after the dealer manager servicing fee is paid, approximately $0.001515 per day will be paid per Class W share. Such distributions payable to each stockholder of record during a month will be paid the following month.