Equity and Redeemable Non-controlling Interest (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of Company's Outstanding Shares of Common Stock

The following table details the movement in the Company’s outstanding shares of common stock (in thousands):

	Three Months Ended March 31, 2019
	Class S			Class T			Class D			Class I			Total
December 31, 2018		276,989			23,313			30,375			108,261			438,938
Common stock issued		41,453			3,787			7,547			24,640			77,427
Distribution reinvestment		2,386			176			244			1,069			3,875
Common stock repurchased		(1,833	)		(574	)		(46	)		(1,751	)		(4,204	)
March 31, 2019		318,995			26,702			38,120			132,219			516,036

Schedule of Aggregate Distributions Declared for Applicable Class of Common Stock

The following table details the aggregate distributions declared for each applicable class of common stock for the three months ended March 31, 2019:

	Class S			Class T			Class D			Class I
Aggregate gross distributions declared per share of common stock	$	0.1582		$	0.1582		$	0.1582		$	0.1582
Stockholder servicing fee per share of common stock		(0.0229	)		(0.0226	)		(0.0067	)		—
Net distributions declared per share of common stock	$	0.1353		$	0.1356		$	0.1515		$	0.1582

Summary of Redeemable Non-controlling Interest Activity

The following table summarizes the redeemable non-controlling interest activity for the three months ended March 31, 2019 ($ in thousands):

December 31, 2018	$	9,233
Settlement of 2018 performance participation allocation		37,484
Conversion to Class I shares		(11,620	)
Repurchases		(4,314	)
GAAP income allocation		(277	)
Distributions		(451	)
Fair value allocation		1,080
March 31, 2019	$	31,135