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DISTRIBUTIONS
 6 Months Ended
Jun. 30, 2024
Distributions [Abstract]  
DISTRIBUTIONS DISTRIBUTIONS
In order to qualify as a REIT, the Company is required, among other things, to distribute dividends each taxable year of at least 90% of its taxable income determined without regard to the dividends-paid deduction and excluding net capital gains, and to meet certain tests regarding the nature of the Company's income and assets. The Company expects that its board of directors will continue to declare distributions payable monthly in arrears. Any distributions the Company makes will be at the discretion of its board of directors, considering factors such as its earnings, cash flow, capital needs and general financial condition and the requirements of Maryland law. The Company commenced operations on May 30, 2013 and elected taxation as a REIT for the year ended December 31, 2013. Distributions for each month are payable on the first business day following the record date. Any distributions reinvested by the stockholders in accordance with the Company's dividend reinvestment plan are reinvested at the per share NAV of the same class determined at the close of business on the first business day following the record date.
The tables below shows the aggregate declared distribution amount for each period presented based on the actual declared amounts for such period.
Three Months Ended
March 31, 2024June 30, 2024Six Months Ended June 30, 2024
Declared distribution amount per share, before adjustment for class-specific fees$0.22486 $0.22484 
Distributions paid or payable in cash$1,912 $1,954 $3,866 
Distributions reinvested2,010 2,006 4,016 
Distributions declared$3,922 $3,960 $7,882 
Class A Shares issued upon reinvestment33,805 33,408 67,213 
Class I Shares issued upon reinvestment70,863 71,517 142,380 
Class T Shares issued upon reinvestment500 476 976 
Class D Shares issued upon reinvestment24,960 24,398 49,358 
Class N Shares issued upon reinvestment4,936 5,061 9,997 
Class M-I Shares issued upon reinvestment6,365 6,780 13,145 
Class T2 Shares issued upon reinvestment5,347 5,523 10,870 
Three Months Ended
March 31, 2023June 30, 2023Six Months Ended June 30, 2023
Declared distribution amount per share, before adjustment for class-specific fees$0.22477 $0.22491 
Distributions paid or payable in cash$2,129 $2,107 $4,236 
Distributions reinvested2,357 2,227 4,584 
Distributions declared$4,486 $4,334 $8,820 
Class A Shares issued upon reinvestment31,585 34,718 66,303 
Class I Shares issued upon reinvestment78,943 83,047 161,990 
Class T Shares issued upon reinvestment836 459 1,295 
Class D Shares issued upon reinvestment28,498 21,117 49,615 
Class N Shares issued upon reinvestment3,849 4,726 8,575 
Class M-I Shares issued upon reinvestment3,099 3,645 6,744 
Class T2 Shares issued upon reinvestment4,350 4,653 9,003 
Three Months Ended
March 31, 2024June 30, 2024Six Months Ended June 30, 2024
Class A$767 $774 $1,541 
Class I2,178 2,209 4,387 
Class T19 16 35 
Class D573 563 1,136 
Class N131 135 266 
Class M-I116 121 237 
Class T2121 125 246 
Class Z17 17 34 
Distributions declared$3,922 $3,960 $7,882 

Three Months Ended
March 31, 2023June 30, 2023Six Months Ended June 30, 2023
Class A$783 $799 $1,582 
Class I2,575 2,490 5,065 
Class T40 28 68 
Class D725 633 1,358 
Class N153 155 308 
Class M-I86 93 179 
Class T2107 119 226 
Class Z17 17 34 
Distributions declared$4,486 $4,334 $8,820