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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 income attributable to redeemable noncontrolling interests)     (67,790)   14 (67,776)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       6,004   6,004
Issuance of common stock $ 973 1,015,478       1,016,451
Issuance of common stock, shares 97,284          
Share-based compensation, net of cancellations   1,234       1,234
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (18,222)       (18,222)
Trailing distribution fees   (46,827) 10,876     (35,951)
Redemptions of common stock $ (15) (15,821)       $ (15,836)
Redemptions of common stock, shares (1,538)         (1,538)
Preferred interest in Subsidiary REITs         61 $ 61
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (74,991)   (14) (75,005)
Redemption value allocation adjustment to redeemable noncontrolling interests   (1,996)       (1,996)
Ending balance at Sep. 30, 2021 $ 2,373 2,263,645 (260,680) (3,746) 187 2,001,779
Ending balance, shares at Sep. 30, 2021 237,217          
Beginning balance at Jun. 30, 2021 $ 1,952 1,848,608 (195,434) (6,579) 187 1,648,734
Beginning balance, shares at Jun. 30, 2021 195,239          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes income attributable to redeemable noncontrolling interests)     (39,009)   6 (39,003)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       2,833   2,833
Issuance of common stock $ 426 451,690       452,116
Issuance of common stock, shares 42,544          
Share-based compensation, net of cancellations   378       378
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (6,873)       (6,873)
Trailing distribution fees   (23,096) 4,263     (18,833)
Redemptions of common stock $ (5) (5,920)       (5,925)
Redemptions of common stock, shares (566)          
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (30,500)   (6) (30,506)
Redemption value allocation adjustment to redeemable noncontrolling interests   (1,142)       (1,142)
Ending balance at Sep. 30, 2021 $ 2,373 2,263,645 (260,680) (3,746) 187 2,001,779
Ending balance, shares at Sep. 30, 2021 237,217          
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 income attributable to redeemable noncontrolling interests)     (248,030)   28 (248,002)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       72,843   72,843
Issuance of common stock $ 615 879,649       $ 880,264
Issuance of common stock, shares 61,552         61,600
Share-based compensation, net of cancellations   1,188       $ 1,188
Share-based compensation, net of cancellations (shares) (34)          
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (22,589)       (22,589)
Trailing distribution fees   (29,508) 19,867     (9,641)
Redemptions of common stock $ (65) (97,144)       $ (97,209)
Redemptions of common stock, shares (6,542)         (6,542)
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (118,230)   (28) $ (118,258)
Redemption value allocation adjustment to redeemable noncontrolling interests   (18,339)       (18,339)
Ending balance at Sep. 30, 2022 $ 3,121 3,188,972 (643,963) 75,474 312 2,623,916
Ending balance, shares at Sep. 30, 2022 312,145          
Beginning balance at Jun. 30, 2022 $ 2,950 2,942,359 (547,956) 27,844 312 2,425,509
Beginning balance, shares at Jun. 30, 2022 295,032          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes income attributable to redeemable noncontrolling interests)     (61,472)   9 (61,463)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       47,630   47,630
Issuance of common stock $ 214 334,695       334,909
Issuance of common stock, shares 21,436          
Share-based compensation, net of cancellations   489       489
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (8,748)       (8,748)
Trailing distribution fees   (12,848) 7,359     (5,489)
Redemptions of common stock $ (43) (65,844)       (65,887)
Redemptions of common stock, shares (4,323)          
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (41,894)   (9) (41,903)
Redemption value allocation adjustment to redeemable noncontrolling interests   (1,131)       (1,131)
Ending balance at Sep. 30, 2022 $ 3,121 $ 3,188,972 $ (643,963) $ 75,474 $ 312 $ 2,623,916
Ending balance, shares at Sep. 30, 2022 312,145