Stockholders' Equity |
3 Months Ended | ||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||
Stockholders' Equity |
Note 6 – Stockholders’ Equity During the three-months ended March 31, 2019, pursuant to a private offering that commenced on October 25, 2016 (the “Offering”), the Company issued 1,583,864 shares of Class P common stock (“Class P Shares”) at an average price of $26.94 per share with total net proceeds of $39,656 after offering costs of $3,024. In addition, the Company incurred $112 in reimbursable deferred offering costs that are payable to the Advisor and Sub-Advisor from future stock issuances. During the three-months ended March 31, 2018, the Company issued 742,853 Class P Shares at an average price of $27.12 per share with total net proceeds of $18,572 after offering costs of $1,575. In addition, the Company incurred $122 in reimbursable deferred offering costs that are payable to the Advisor and Sub-Advisor from future stock issuance.
Distributions The Company currently pays distributions on Class P Shares based on daily record dates, payable in arrears the following month, equal to a daily amount of 1/365th of $1.92 per share. The table below presents the distributions paid and declared during the three-months ended March 31, 2019 and 2018.
As of March 31, 2019 and December 31, 2018 distributions declared but not yet paid amounted to $1,189 and 941, respectively. |