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Declaration of Distributions
9 Months Ended
Sep. 30, 2022
Text Block [Abstract]  
Declaration of Distributions

Note 9. Declaration of Distributions

Cash Distribution Declaration

On September 20, 2022, our board of directors declared a daily distribution rate of approximately $0.001698 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 October 1, 2022 and ending December 31, 2022. In connection with this distribution, for the stockholders of Class T shares, after the stockholder servicing fee is paid, approximately $0.001424 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 $0.001569 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.