CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Net investment in real estate properties	$ 6,542,911	$ 4,820,892
Investment in unconsolidated joint venture partnership(s)	19,560	101,769
Cash and cash equivalents	113,665	216,848
Restricted cash	403	887
DST Program Loans	102,359	68,772
Other assets	109,833	39,941
Total assets	6,888,731	5,249,109
Liabilities
Accounts payable and accrued liabilities	92,612	42,211
Debt, net	3,043,341	2,245,673
Intangible lease liabilities, net	102,544	76,432
Financing obligations, net	897,258	483,964
Distribution fees payable to affiliates	89,571	85,419
Other liabilities	168,610	116,064
Total liabilities	4,393,936	3,049,763
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	69,286	15,687
Stockholders' equity:
Preferred stock, $0.01 par value - 200,000 shares authorized, none issued and outstanding
Additional paid-in capital	2,942,359	2,475,715
Accumulated deficit and distributions	(547,956)	(297,570)
Accumulated other comprehensive income	27,844	2,631
Total stockholders' equity	2,425,197	2,183,347
Noncontrolling interests	312	312
Total equity	2,425,509	2,183,659
Total liabilities and equity	6,888,731	5,249,109
Class T Shares
Stockholders' equity:
Common stock, value	2,237	2,061
Class D Shares
Stockholders' equity:
Common stock, value	176	136
Class I Shares
Stockholders' equity:
Common stock, value	$ 537	$ 374