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Declaration of Distributions
12 Months Ended
Dec. 31, 2024
Text Block [Abstract]  
Declaration of Distributions

Note 11. Declaration of Distributions

Cash Distribution Declaration

On December 20, 2024, 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, Class P, Class Y and Class Z stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2025 and ending March 31, 2025. In connection with this distribution, stockholders who hold Class T and Class Y shares will be paid an amount equal to approximately $0.001698 per day per share less the stockholder servicing fee payable per share per day and stockholders who hold Class W and Class Z shares will be paid an amount equal to approximately $0.001698 per day per share less the dealer manager servicing fee payable per share per day. Such distributions payable to each stockholder of record during a month will be paid the following month.