Offering Status

As of November 6, 2019, the Company has issued 1,480,865 shares of the Company's common stock, pursuant to the primary portion of the Follow-On Offering for approximately $14.3 million (includes historical amounts sold by GCEAR prior to the Mergers).

As of November 6 2019, the Company had issued 29,859,562 shares of the Company’s common stock pursuant to the DRP offerings for approximately $289.6 million.

Cash and Stock Distributions

On November 2, 2019, the Company paid cash distributions in the amount of $0.001506849 per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock and stock distributions in the amount of $0.000273973 worth of shares per day, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock for stockholders of such classes as of the close of each business day of the period from October 1, 2019 to October 31, 2019.

Share Redemption Program

During the quarter ended September 30, 2019, the Company received redemption requests under the SRP for Class A, Class AA, Class AAA, Class I, and Class E shares of common stock. The following table summarizes shares redeemed on October 2, 2019:



	Class
	T		S		D		E		I		A		AA		AAA		Total
Redeemed - Shares	—		—		—		8,489,988		10,406		837,000		1,231,604		20,363		10,589,361
Redeemed - Amount	$	—	$	—	$	—	$	80,993	$	100	$	7,968	$	11,725	$	194	$	100,980

On November 7, 2019, Board amended and restated the SRP, effective as of December 12, 2019, in order to (i) provide for redemption sought upon a stockholder’s determination of incompetence or incapacitation; (ii) clarify the circumstances under which a determination of incompetence or incapacitation will entitle a stockholder to such redemption; and (iii) make certain other clarifying changes.

Sale of Properties

On October 14, 2019, the Company sold the FedEx Freight property located in West Jefferson, Ohio for total proceeds of $30.3 million, less closing costs and other closing credits. The property sold for an approximate amount equal to the carrying value.