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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
Beginning balance at Dec. 31, 2020 $ 1,415 $ 1,329,799 $ (128,775) $ (9,750) $ 126 $ 1,192,815
Beginning balance, shares at Dec. 31, 2020 141,471          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes attributable to redeemable noncontrolling interests)     (28,781)   8 (28,773)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       3,171   3,171
Issuance of common stock $ 547 563,788       564,335
Issuance of common stock, shares 54,740          
Share-based compensation, net of cancellations   856       856
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (11,349)       (11,349)
Trailing distribution fees   (23,731) 6,613     (17,118)
Redemptions of common stock $ (10) (9,901)       $ (9,911)
Redemptions of common stock, shares (972)         (972)
Preferred interest in Subsidiary REITs         61 $ 61
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (44,491)   (8) (44,499)
Redemption value allocation adjustment to redeemable noncontrolling interests   (854)       (854)
Ending balance at Jun. 30, 2021 $ 1,952 1,848,608 (195,434) (6,579) 187 1,648,734
Ending balance, shares at Jun. 30, 2021 195,239          
Beginning balance at Mar. 31, 2021 $ 1,523 1,431,279 (154,559) (7,409) 126 1,270,960
Beginning balance, shares at Mar. 31, 2021 152,295          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes attributable to redeemable noncontrolling interests)     (20,028)   4 (20,024)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       830   830
Issuance of common stock $ 436 449,699       450,135
Issuance of common stock, shares 43,653          
Share-based compensation, net of cancellations   371       371
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (5,659)       (5,659)
Trailing distribution fees   (19,277) 3,373     (15,904)
Redemptions of common stock $ (7) (7,259)       (7,266)
Redemptions of common stock, shares (709)          
Preferred interest in Subsidiary REITs         61 61
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (24,220)   (4) (24,224)
Redemption value allocation adjustment to redeemable noncontrolling interests   (546)       (546)
Ending balance at Jun. 30, 2021 $ 1,952 1,848,608 (195,434) (6,579) 187 1,648,734
Ending balance, shares at Jun. 30, 2021 195,239          
Beginning balance at Dec. 31, 2021 $ 2,571 2,475,715 (297,570) 2,631 312 2,183,659
Beginning balance, shares at Dec. 31, 2021 257,169          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes attributable to redeemable noncontrolling interests)     (186,558)   19 (186,539)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       25,213   25,213
Issuance of common stock $ 401 544,954       $ 545,355
Issuance of common stock, shares 40,116         40,100
Share-based compensation, net of cancellations   699       $ 699
Share-based compensation, net of cancellations (shares) (34)          
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (13,841)       (13,841)
Trailing distribution fees   (16,660) 12,508     (4,152)
Redemptions of common stock $ (22) (31,300)       $ (31,322)
Redemptions of common stock, shares (2,219)         (2,219)
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (76,336)   (19) $ (76,355)
Redemption value allocation adjustment to redeemable noncontrolling interests   (17,208)       (17,208)
Ending balance at Jun. 30, 2022 $ 2,950 2,942,359 (547,956) 27,844 312 2,425,509
Ending balance, shares at Jun. 30, 2022 295,032          
Beginning balance at Mar. 31, 2022 $ 2,766 2,699,713 (434,301) 21,499 312 2,289,989
Beginning balance, shares at Mar. 31, 2022 276,634          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes attributable to redeemable noncontrolling interests)     (81,028)   10 (81,018)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       6,345   6,345
Issuance of common stock $ 199 292,360       292,559
Issuance of common stock, shares 19,935          
Share-based compensation, net of cancellations   450       450
Share-based compensation, net of cancellations (shares) (1)          
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (8,124)       (8,124)
Trailing distribution fees   (9,764) 6,852     (2,912)
Redemptions of common stock $ (15) (22,719)       (22,734)
Redemptions of common stock, shares (1,536)          
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (39,479)   (10) (39,489)
Redemption value allocation adjustment to redeemable noncontrolling interests   (9,557)       (9,557)
Ending balance at Jun. 30, 2022 $ 2,950 $ 2,942,359 $ (547,956) $ 27,844 $ 312 $ 2,425,509
Ending balance, shares at Jun. 30, 2022 295,032