v3.26.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Outstanding Shares of Common Stock
The following tables detail the movement in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class T
Shares		Class S
Shares		Class D
Shares		Class I
Shares		Class E
Shares		Class N SharesClass S-PR SharesClass K-PR SharesTotal
Balance at December 31, 2025271,887 480,891 513,924 4,029,060 1,293,308 15,222,610 906,613 465,084 23,183,377 
Issuance of common stock2,380 — 25,171 15,286 34,194 — 114,663 65,233 256,927 
Exchange of common stock— 12,153 — (12,109)— — — — 44 
Common stock repurchased(2,544)(24,352)(22,320)(223,672)(17,336)— — — (290,224)
Distribution reinvestment1,882 4,521 4,561 10,177 3,009 196,229 355 205 220,939 
Balance at March 31, 2026273,605 473,213 521,336 3,818,742 1,313,175 15,418,839 1,021,631 530,522 23,371,063 

Three Months Ended March 31, 2025
Class T
Shares		Class S
Shares		Class D
Shares		Class I
Shares		Class E
Shares		Class N SharesClass S-PR SharesClass K-PR SharesTotal
Balance at December 31, 2024630,722 726,730 877,190 4,675,460 1,228,798 14,466,761 — — 22,605,661 
Issuance of common stock1,910 55,399 7,134 90,685 20,327 — — — 175,455 
Exchange of common stock— — (8,680)8,636 — — — — (44)
Common stock repurchased(2,607)(3,599)(3,778)(326,951)(18,180)— — — (355,115)
Distribution reinvestment2,206 3,967 4,203 8,300 2,672 182,884 — — 204,232 
Balance at March 31, 2025632,231 782,497 876,069 4,456,130 1,233,617 14,649,645 — — 22,630,189 
Schedule of Aggregate Distributions Declared
The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Series A
Preferred Stock		Class T
Common Stock		Class S
Common Stock		Class D
Common Stock		Class I
Common Stock		Class E
Common Stock		Class N
Common Stock		Class S-PR Common StockClass K-PR Common Stock
Aggregate distributions declared per share$— $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 
Stockholder servicing fee per share(1)
— (0.0546)(0.0547)(0.0160)— — — (0.0054)— 
Net distributions declared per share$— $0.3616 $0.3615 $0.4002 $0.4162 $0.4162 $0.4162 $0.4108 $0.4162 
Three Months Ended March 31, 2025
Series A
Preferred Stock		Class T
Common Stock		Class S
Common Stock		Class D
Common Stock		Class I
Common Stock		Class E
Common Stock		Class N
Common Stock		Class S-PR Common StockClass K-PR Common Stock
Aggregate distributions declared per share$— $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 $0.4162 $— $— 
Stockholder servicing fee per share(1)
— (0.0246)(0.0296)(0.0099)— — — — — 
Net distributions declared per share$— $0.3916 $0.3866 $0.4063 $0.4162 $0.4162 $0.4162 $— $— 
(1)See Note 18 — “Related Party Transactions” for a discussion of our stockholder servicing fee.