Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Stock by Class

The following table sets forth the classes of outstanding common stock as of December 31, 2021 and 2020:

	As of December 31,
	2021	2020
Class A	24,509,573	24,325,680
Class AA	47,592,118	47,304,097
Class AAA	926,936	920,920
Class D	42,013	41,095
Class E	249,088,676	155,272,273
Class I	1,911,731	1,896,696
Class S	1,800	1,800
Class T	565,265	558,107

Schedule of Stock Issued Under DRP Offering

The following table summarizes the DRP offerings, by share class, as of December 31, 2021:

Share Class	Amount		Shares
Class A	$	9,687	1,052,170
Class AA	19,047		2,068,367
Class AAA	290		31,521
Class D	21		2,231
Class E	311,405		32,299,377
Class I	437		47,028
Class S	0		12
Class T	177		19,090
Total	$	341,064	35,519,796

Schedule of Stock Redemption Activity

The following table summarizes share redemption (excluding the self-tender offer) activity during the years ended December 31, 2021 and 2020:

	Year Ended December 31,
	2021		2020
Shares of common stock redeemed	2,232,476		1,841,887
Weighted average price per share	$	9.03	$	9.01

Unvested Shares of Restricted Stock Awards Activity

	Number of Unvested Shares of RSU Awards	Weighted-Average Grant Date Fair Value per Share
Balance at December 31, 2019	757,061
Granted	589,248	$	9.35
Forfeited	(3,744)	$	9.35
Vested	(398,729)	$	9.48
Balance at December 31, 2020	943,836
Granted	1,619,255	$	8.97
Forfeited	(222,367)	$	9.10
Vested	(812,111)	$	9.24
Balance at December 31, 2021	1,528,613

Schedule of Distributions Paid

The following unaudited table summarizes the federal income tax treatment for all distributions per share for the years ended December 31, 2021, 2020, and 2019 reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Code Section 857(b)(3)(C) and Treasury Regulation §1.857-6(e).

	Year Ended December 31,
	2021				2020				2019
Ordinary income	$	0.03	9	%	$	0.13	33	%	$	0.22	37	%
Capital gain	—		—	%	—		—	%	0.08		13	%
Return of capital	0.32		91	%	0.27		67	%	0.30		50	%
Total distributions paid	$	0.35	100	%	$	0.40	100	%	$	0.60	100	%