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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

19. Subsequent Events

Distributions

The Company declared distributions on all outstanding shares of common stock and Operating Partnership units as of the close of business on the record date of June 30, 2024. The Company paid or reinvested these distributions amounting to $1.0 million on July 3, 2024.

The Company declared distributions on all outstanding shares of common stock and Operating Partnership units as of the close of business on the record date of July 31, 2024. The Company paid or reinvested these distributions amounting to $1.0 million on August 5, 2024.

Capital raising and financing

As part of the Offering, subsequent to June 30, 2024 through August 9, 2024, the Company sold 88,829 Class D, 432,073 Class I and 313 Class S shares of common stock for net proceeds of $0.9 million, $4.4 million and $0.003 million respectively, which includes distributions reinvested in accordance with the distribution reinvestment plan.

As part of the private offerings, subsequent to June 30, 2024 through August 9, 2024, the Company issued 224,382 Class I, 218,384 Class E and 194,757 Class Y shares of common stock for net proceeds of $2.3 million, $2.3 million and $2.1 million, respectively, which includes distributions reinvested in accordance with the distribution reinvestment plan.