•
|
the transaction price and offering price for each class of our common stock as of
February 1, 2019
;
|
•
|
the calculation of our
December 31, 2018
NAV per share, as determined in accordance with our valuation procedures, for all share classes; and
|
•
|
updated experts information.
|
•
|
FEBRUARY 1, 2019 TRANSACTION PRICE
|
Share Class
|
|
Transaction Price
(per share) |
|
Offering Price
(per share) |
||||
Class T
|
|
$
|
10.0571
|
|
|
$
|
10.5310
|
|
Class W
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
Class I
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
•
|
DECEMBER 31, 2018
NAV PER SHARE
|
|
|
As of
|
||||||
(in thousands)
|
|
December 31, 2018
|
|
November 30, 2018
|
||||
Real estate properties
|
|
$
|
306,550
|
|
|
$
|
213,950
|
|
Cash and other assets, net of other liabilities
|
|
16,257
|
|
|
17,612
|
|
||
Debt obligations
|
|
(119,000
|
)
|
|
(75,000
|
)
|
||
Aggregate Fund NAV
|
|
$
|
203,807
|
|
|
$
|
156,562
|
|
Total Fund Interests outstanding
|
|
20,265
|
|
|
15,568
|
|
(in thousands, except per Fund Interest data)
|
|
Total
|
|
Class T
Shares |
|
Class W
Shares |
|
Class I
Shares |
||||||||
As of December 31, 2018
|
|
|
|
|
|
|
|
|
||||||||
Monthly NAV
|
|
$
|
203,807
|
|
|
$
|
198,718
|
|
|
$
|
1,614
|
|
|
$
|
3,475
|
|
Fund Interests outstanding
|
|
20,265
|
|
|
19,759
|
|
|
161
|
|
|
345
|
|
||||
NAV Per Fund Interest
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
|
$
|
10.0571
|
|
As of November 30, 2018
|
|
|
|
|
|
|
|
|
||||||||
Monthly NAV
|
|
$
|
156,562
|
|
|
$
|
151,934
|
|
|
$
|
1,384
|
|
|
$
|
3,244
|
|
Fund Interests outstanding
|
|
15,568
|
|
|
15,108
|
|
|
138
|
|
|
322
|
|
||||
NAV Per Fund Interest
|
|
$
|
10.0565
|
|
|
$
|
10.0565
|
|
|
$
|
10.0565
|
|
|
$
|
10.0565
|
|
|
|
Weighted-Average
Basis
|
|
Exit capitalization rate
|
|
5.36
|
%
|
Discount rate / internal rate of return
|
|
6.39
|
%
|
Holding period of real properties (years)
|
|
9.9
|
|
•
|
EXPERTS
|