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Subsequent Events (Tables)
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Schedule of Common Stock Outstanding and Proceeds from Offering

As of May 9, 2018, the Company had 2,851,844 shares of common stock outstanding and had raised proceeds from the Offering since March 31, 2018 and since inception as follows:

 

Source of Capital

 

April 1, 2018 through

May 9, 2018

 

 

Total

 

Class P Shares

 

$

10,203,809

 

 

$

76,700,800

 

 

Schedule of Distributions Declared

The table below sets forth the distributions declared for Class P Shares.

 

 

 

Distributions Declared Per Share

Date Declared

 

Distribution Period

 

Daily Distribution

Amount

 

 

Date of Payment

May 9, 2018

 

June 1, 2018 through June 30, 2018

 

$

0.005260274

 

 

On or before July 9, 2018

May 9, 2018

 

July 1, 2018 through July 31, 2018

 

$

0.005260274

 

 

On or before August 7, 2018

May 9, 2018

 

August 1, 2018 through August 31, 2018

 

$

0.005260274

 

 

On or before September 10, 2018

 

Subsequent Distributions Paid in Cash

The table below sets forth the distributions paid in cash with respect to the Class P Shares.

 

Distribution Period

 

Payment Date

 

Distribution Amount

 

March 2018

 

April 2, 2018

 

$

384,568

 

April 2018

 

May 1, 2018

 

$

411,276