1 unchanged sentence
Recent Sales of Unregistered Securities
−Removed: On June 9, 2020, we issued an aggregate of 7,500 shares of restricted Class T common stock to our independent directors.
+Added: On July 1, 2020, we issued an aggregate of 15,000 shares of restricted Class T common stock to our independent directors.
These shares of restricted Class T common stock were issued pursuant to our incentive plan in a private transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act.
5 unchanged sentences
Funds for the repurchase of shares of our common stock will come exclusively from the cumulative proceeds we receive from the sale of shares of our common stock pursuant to our DRIP Offerings.
−Removed: The price per share at which we will repurchase shares of our common stock will range from 92.5% to 100% of each stockholder’s repurchase amount depending on the period of time their shares have been held.
−Removed: During our initial offering and with respect to shares repurchased for the quarter ending March 31, 2019, the repurchase amount for shares repurchased under our share repurchase plan was equal to the lesser of (i) the amount per share that a stockholder paid for their shares of our common stock, or (ii) the per share offering price in our initial offering.
−Removed: Commencing with shares repurchased for the quarter ending June 30, 2019, the repurchase amount for shares repurchased under our share repurchase plan is the lesser of the amount per share the stockholder paid for its shares of common stock or the most recent estimated value of one share of the applicable class of common stock as determined by our board.
On March 31, 2020, our board suspended our share repurchase plan with respect to all repurchase requests other than repurchases resulting from the death or qualifying disability of stockholders, beginning with share repurchase requests submitted for repurchase during the second quarter of 2020.
Shares of our common stock repurchased in connection with a stockholder’s death or qualifying disability will be repurchased at a price no less than 100% of the price paid to acquire the shares of our common stock from us.
−Removed: During the three months ended June 30, 2020 , we repurchased shares of our common stock as follows:
+Added: During the three months ended September 30, 2020, we repurchased shares of our common stock as follows:
Total Number of
5 unchanged sentences
Publicly Announced
−Removed: Plan or Program
−Removed: Maximum Approximate
+Added: Plan or Program Maximum Approximate
of Shares that May
1 unchanged sentence
Plans or Programs
−Removed: April 1, 2020 to April 30, 2020
−Removed: May 1, 2020 to May 31, 2020
−Removed: June 1, 2020 to June 30, 2020
+Added: July 1, 2020 to July 31, 2020 71,551 $ 9.87 71,551 (1)
+Added: August 1, 2020 to August 31, 2020 — $ — — (1)
+Added: September 1, 2020 to September 30, 2020 — $ — — (1)
+Added: Total 71,551 $ 9.87 71,551
(1) A description of the maximum number of shares that may be purchased under our share repurchase plan is included in the narrative preceding this table.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.