•
|
the transaction price and offering price for each class of our common stock for subscriptions to be accepted as of October 1, 2019;
|
•
|
the calculation of our August 31, 2019 net asset value (“NAV”) per share, as determined in accordance with our valuation procedures, for each of our share classes; and
|
•
|
updated experts information.
|
•
|
OCTOBER 1, 2019 TRANSACTION PRICE
|
Share Class
|
|
Transaction Price
(per share) |
|
Offering Price
(per share) |
||||
Class T
|
|
$
|
10.0326
|
|
|
$
|
10.5053
|
|
Class W
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
Class I
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
•
|
AUGUST 31, 2019 NAV PER SHARE
|
|
|
As of
|
||||||
(in thousands)
|
|
August 31, 2019
|
|
July 31, 2019
|
||||
Real estate properties
|
|
$
|
677,450
|
|
|
$
|
623,450
|
|
Cash and other assets, net of other liabilities
|
|
37,778
|
|
|
34,970
|
|
||
Debt obligations
|
|
(297,390
|
)
|
|
(262,388
|
)
|
||
Aggregate Fund NAV
|
|
$
|
417,838
|
|
|
$
|
396,032
|
|
Total Fund Interests outstanding
|
|
41,648
|
|
|
39,410
|
|
(in thousands, except per Fund Interest data)
|
|
Total
|
|
Class T
Shares |
|
Class W
Shares |
|
Class I
Shares |
|
OP Units
|
||||||||||
As of August 31, 2019
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
417,838
|
|
|
$
|
388,829
|
|
|
$
|
19,037
|
|
|
$
|
9,251
|
|
|
$
|
721
|
|
Fund Interests outstanding
|
|
41,648
|
|
|
38,757
|
|
|
1,897
|
|
|
922
|
|
|
72
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
|
$
|
10.0326
|
|
As of July 31, 2019
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
396,032
|
|
|
$
|
370,003
|
|
|
$
|
16,990
|
|
|
$
|
8,317
|
|
|
$
|
722
|
|
Fund Interests outstanding
|
|
39,410
|
|
|
36,820
|
|
|
1,691
|
|
|
827
|
|
|
72
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0489
|
|
|
$
|
10.0489
|
|
|
$
|
10.0489
|
|
|
$
|
10.0489
|
|
|
$
|
10.0489
|
|
|
|
Weighted-Average
Basis
|
|
Exit capitalization rate
|
|
5.5
|
%
|
Discount rate / internal rate of return
|
|
6.5
|
%
|
Holding period of real properties (years)
|
|
10.0
|
|
•
|
EXPERTS
|