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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events

Note 12. Subsequent Events

Offering Status

As of November 7, 2016, in connection with our Offering we have issued approximately 44 million Class A Shares of our common stock and approximately 6 million Class T Shares of our common stock for gross proceeds of approximately $447 million and approximately $56 million, respectively.

Principal Payment on KeyBank Subordinate Loan

On October 28, 2016 we made a principal payment in the amount of $5 million to pay down the outstanding balance on our KeyBank Subordinate Loan, which reduced the outstanding balance to $15 million.