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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Accumulated Deficit and Distributions
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
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)     (105,530)   9 (105,521)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       18,868   18,868
Issuance of common stock $ 202 252,594       252,796
Issuance of common stock, shares 20,181          
Share-based compensation, net of cancellations   248       248
Share-based compensation, net of cancellations (shares) (33)          
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (5,717)       (5,717)
Trailing distribution fees   (6,895) 5,656     (1,239)
Redemptions of common stock $ (7) (8,581)       $ (8,588)
Redemptions of common stock, shares (683)         (683)
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (36,857)   (9) $ (36,866)
Redemption value allocation adjustment to redeemable noncontrolling interests   (7,651)       (7,651)
Ending balance at Mar. 31, 2022 $ 2,766 2,699,713 (434,301) 21,499 312 2,289,989
Ending balance, shares at Mar. 31, 2022 276,634          
Beginning balance at Dec. 31, 2022 $ 3,145 3,219,132 (739,497) 70,255 312 2,553,347
Beginning balance, shares at Dec. 31, 2022 314,544          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (excludes income attributable to redeemable noncontrolling interests)     (64,812)   9 (64,803)
Change from cash flow hedging activities (excludes attributable to redeemable noncontrolling interests)       (20,040)   (20,040)
Issuance of common stock $ 69 103,721       $ 103,790
Issuance of common stock, shares 6,886         6,700
Share-based compensation, net of cancellations   629       $ 629
Share-based compensation, net of cancellations (shares) (49)          
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs   (2,952)       (2,952)
Trailing distribution fees   (979) 6,806     5,827
Redemptions of common stock $ (89) (134,899)       $ (134,988)
Redemptions of common stock, shares (8,859)         (8,859)
Distributions to stockholders (excludes attributable to redeemable noncontrolling interests)     (42,743)   (9) $ (42,752)
Redemption value allocation adjustment to redeemable noncontrolling interests   (942)       (942)
Ending balance at Mar. 31, 2023 $ 3,125 $ 3,183,710 $ (840,246) $ 50,215 $ 312 $ 2,397,116
Ending balance, shares at Mar. 31, 2023 312,522