|Class A||Class I||Class T|
|NAV Price Per Share||$14.02||$14.11||$14.04|
The distributions and income that we pay are uncertain and not guaranteed. The timing and amount of distributions is determined by our board of directors. We may pay distributions from sources other than cash flow from operations, including but not limited to, the proceeds of this offering, borrowings or the sale of properties or other investments. For the six months ended 6/30/18, 81% of distributions were funded from cash flows from operations and 19% were funded from offering proceeds. Since inception through 6/30/18, 98.4% of distributions were covered by cash flows from operations. From inception through 12/31/15, our expenses were supported by expense support payments from our advisor, which are subject to repayment in future periods and will reduce cash flows during those periods. If our advisor had not made the expense support payments, a greater proportion of the distributions would have been funded from offering proceeds or borrowings. Distributions paid from sources other than cash flow from operations may not be sustainable.