•
|
the transaction price and offering price for each class of our common stock as of
March 1, 2019
;
|
•
|
the calculation of our
January 31, 2019
NAV per share, as determined in accordance with our valuation procedures, for all share classes; and
|
•
|
updated experts information.
|
•
|
MARCH 1, 2019 TRANSACTION PRICE
|
Share Class
|
|
Transaction Price
(per share) |
|
Offering Price
(per share) |
||||
Class T
|
|
$
|
10.0497
|
|
|
$
|
10.5232
|
|
Class W
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
Class I
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
•
|
JANUARY 31, 2019
NAV PER SHARE
|
|
|
As of
|
||||||
(in thousands)
|
|
January 31, 2019
|
|
December 31, 2018
|
||||
Real estate properties
|
|
$
|
329,900
|
|
|
$
|
306,550
|
|
Cash and other assets, net of other liabilities
|
|
23,492
|
|
|
16,257
|
|
||
Debt obligations
|
|
(119,000
|
)
|
|
(119,000
|
)
|
||
Aggregate Fund NAV
|
|
$
|
234,392
|
|
|
$
|
203,807
|
|
Total Fund Interests outstanding
|
|
23,323
|
|
|
20,265
|
|
(in thousands, except per Fund Interest data)
|
|
Total
|
|
Class T
Shares |
|
Class W
Shares |
|
Class I
Shares |
|
OP Units
|
||||||||||
As of January 31, 2019
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
234,392
|
|
|
$
|
227,168
|
|
|
$
|
3,171
|
|
|
$
|
3,331
|
|
|
$
|
722
|
|
Fund Interests outstanding
|
|
23,323
|
|
|
22,604
|
|
|
316
|
|
|
331
|
|
|
72
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
|
$
|
10.0497
|
|
As of December 31, 2018
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
203,807
|
|
|
$
|
198,718
|
|
|
$
|
1,614
|
|
|
$
|
3,475
|
|
|
N/A
|
|
|
Fund Interests outstanding
|
|
20,265
|
|
|
19,759
|
|
|
161
|
|
|
345
|
|
|
N/A
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
|
N/A
|
|
|
|
Weighted-Average
Basis
|
|
Exit capitalization rate
|
|
5.4
|
%
|
Discount rate / internal rate of return
|
|
6.4
|
%
|
Holding period of real properties (years)
|
|
9.9
|
|
•
|
EXPERTS
|